Mar 6 2014 | 5:46am ET
New York-based Worth Venture Partners has recently launched a multi-manager hedge fund with $60 million in assets.
According to a source close to the firm, which was founded in late 2012 by Abby Flamholz and David Wertentheil, the new multi-manager vehicle—the Emerging Manager Onshore Fund—has already invested in seven managers and has plans to make additional allocations later this year.
Mar 7 2014 | 3:08am ET
Cerberus Capital Management is to buy grocery giant Safeway Inc. and will merge it with another supermarket chain it already owns.
Mar 7 2014 | 3:07am ET
Casablanca Capital has made its battle with Cliffs Natural Resources official.
Mar 7 2014 | 3:05am ET
Third Point’s proxy battle against Sotheby’s has won the backing of another hedge fund critical of the auction house.
Mar 7 2014 | 3:04am ET
The government’s fraud case against five former Bernard Madoff employees is built on the testimony of a man whose capacity for lying is exceeded only by that of Madoff himself, lawyers for the defendants said yesterday.
Mar 7 2014 | 3:02am ET
Argentina’s banks should not have to respond to subpoenas issued by a hedge fund seeking payment on the country’s defaulted debt, the U.S. government said.
Mar 7 2014 | 3:00am ET
Pine River Capital Management’s planned reinsurance business has filled out its top ranks.More News
Mar 5 2014 | 2:45pm ET
The Eyck European Tactical Distressed Opportunities Fund recently won The AIF Factor, a competition for alternative investment funds organized by ABN AMRO Clearing, and Khing Oei said he hopes the win will add to the positive fundraising momentum Eyck Capital is currently enjoying.
Feb 3 2014 | 9:58am ET
Investment consulting firms are paying greater attention to ‘soft’, subjective factors in assessing money managers, according to a recent survey by Market Strategies International’s Cogent Reports. Firms that place a greater emphasis on increasing and demonstrating transparency in their communications and processes are favored, Cogent noted.
Mar 4 2014 | 11:40am ET
Hedge funds underwhelmed last year, but that didn’t keep 2013 from being a good one for the world’s alternative investment billionaires.
At least 78 hedge fund and private-equity managers made Forbes magazine’s annual list of global billionaires. In a year that saw stocks soar, the 10-figure ranks grew by 268 members to 1,645, an all-time high, with an aggregate net worth of $6.4 trillion.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…