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CVC Capital Partners and Resource America Inc have signed an agreement to combine CVC Cordatus Group and Apidos Capital Management to form CVC Credit Partners.
Led by Marc Boughton, Managing Partner, CVC Credit Partners will comprise USD7.5bn of credit assets across 21 vehicles in the US and Europe. Gretchen Bergstresser and Jonathan Bowers will be Senior Portfolio Managers alongside Group COO, Chris Allen. Jonathan Cohen, CEO of Resource America, will be Chairman. Resource America will retain a 33% interest. The transaction is subject to regulatory and other market consents. CVC Capital Partners was advised by Clifford Chance LLP in London and
Asia’s hedge fund industry isn’t in the best shape heading into 2012 and things aren’t expected to get much better according to an article on <
John Ho’s Hong Kong-based Janchor Partners Pan Asian Fund generated an estimated 8.7 per cent in 2011 reported Bloomberg this week.
The Juggernaut Asia Fund established by Yashwant Bajaj (pictured), a former Lehman Brothers managing director, has so far lived up to its name.
Citi’s Singapore unit has sued Hong Kong-based hedge fund manager Raghavendran Rajaraman over a USD1million shortfall incurred after it liquidated his gold account reported FINalternatives.
Normal assumptions about investing in share and bond markets have been turned upside down by Europe’s debt crisis, according to John Chatfeild-Roberts (pictured), Chief Investment Officer and Head of the Jupiter Merlin Independent Funds Team at Jupiter Asset Management…
Making investment decisions has become trickier than ever with the gloomy outlook for the world economy on the one hand, but on the other, attractive valuations of many assets. Markets have swung like a pendulum as investors respond to these opposing pressures.
The start of a New Year changes nothing. 2012 will be a year when investors need what Tolstoy called
Hatteras Funds, a boutique alternative investment specialist providing alternative investment solutions for financial advisors and their clients, has renamed the Hatteras Multi-Strategy Fund as the Hatteras Core Alternatives Fund. The Fund’s strategies, objectives and management will not change.
Renaming the fund further distinguishes and better articulates the Hatteras Core Alternatives Fund from other multi-strategy funds of funds. Managed in partnership with Morgan Creek Capital Management, the core alternative investment solution allocates to both hedged strategies and private investments in a single investment vehicle, making it unique in the industry.
"As the alternative investing landscape evolves, renaming the Hatteras Multi-Strategy Fund
Black Diamond Capital Management, an alternative asset management firm with over USD10 billion in assets under management, has appointed Kenneth Rubin as a Senior Managing Director and Hedge Fund Portfolio Manager.
Rubin will have responsibility for the hedge fund platform along with Stephen Deckoff, Managing Principal of BDCM. Rubin will be based in Black Diamond’s Greenwich, Connecticut office.
Deckoff says: "I am excited to have Ken joining our team and am confident that with his demonstrated investment success and his deep experience in credit and distressed investing he will be a great asset to Black Diamond. Ken will play a
Mark Baak (pictured) has joined Darwin Platform with effect from 1 January, 2012. Baak, the former Head of Portfolio Management at Finles Capital Management, will be responsible for the support and coordination of various investment management initiatives either tailor made or efficiently through Privium Fund Management.
“Despite the volatile market climate there are numerous good investment management initiatives that deserve a chance, says Baak. “These are of utmost importance for the innovative character and evolution of the financial industry.”
Clayton Heijman, founder and CEO, says: “As a result of the increasing requirements of investors, increased regulation and supervision both existing
Schulte Roth & Zabel LLP has appointed Eric A.Bensky, Jennifer Dunn, Christopher S.Harrison and David J Karp as partners. The firm has also promoted James T Bentley, Michael G Cutini, Farzad F Damania, William I Friedman, Frank J LaSalle, James Nicoll and Leonora M Shalet to special counsel.
Bensky is resident in the firm’s Washington, DC office. The other new partners and special counsel are located in the firm’s New York office. Karp is resident in both the New York and London offices.
"We are very proud of these individuals who have distinguished themselves through their contributions to
