Tokyo-based Sparx Group may launch an infrastructure and renewable energy fund, anticipating opportunities as Japan seeks to wean itself of nuclear power.
His long-sought-after divorce with Elliott Management dragging on, Relativity Media's Ryan Kavanaugh has found a new source of funds to continue making movies.
Goldman Sachs has launched a hedge fund seeding fund, with plans to raise about $1 billion.
The new fund, managed by Kent Clark in New York and Ali Raissi in London, has already made its first investment, handing $100 million to a new hedge fund founded by veterans of SAC Capital Advisors and TPG-Axon Capital Management. The new fund plans to invest in between seven and nine other hedge fund startups.
Mendon Capital founder Anton Schutz is joining forces with investment banker Mark Cohen and former People’s United Financial CEO Philip Sherringham to launch a hedge fund focused on banking industry M&A.
Marc Mezvinsky, who married the daughter of former President Bill Clinton and Secretary of State Hillary Rodham Clinton last year, will join forces with Bennett Grau and Mark Mallon. The three formerly worked together at Goldman Sachs' global macro proprietary trading desk, and are now raising money for their New York-based global macro hedge fund, Eaglevale Partners.
Crude oil has broken through levels not seen since 2014 and it appears to be entering a new phase, ending the downward super cycle that took crude from above $100 per barrel to under $30, and entering a phase where both supply and demand are expected to grow.