Sunday, 31 August 2014
Last updated 1 day ago
Feb 4 2010 | 11:34am ET
British money manager Ignis Asset Management has taken a minority stake in credit hedge fund shop Castle Hill Asset Management—which has also launched a new fund.
Ignis now owns 49% of Castle Hill, which boasts more than US$2 billion in assets. The firm, which is majority-owned by its employees, also runs leveraged-loan and long/short credit assets for Ignis under a sub-advisory mandate.
As part of the deal, Ignis executives Jonathan Polin and Chris Fellingham—who joined Ignis from Soros Fund Management last month—are to join Castle Hill’s board of directors.
“Castle Hill Asset Management is thrilled to commence operations with Ignis as our partner,” the hedge fund’s chairman, Brian Bassett, said. "Having worked closely with the Ignis staff we are confident that we can benefit from Ignis's strong infrastructure, deep relationships in the market and proven experience in managing joint-venture relationships."
Meanwhile, Castle Hill also announced the launch a new credit hedge fund. The Castle Hill Total Return fund, which has been seeded with US$50 million from Castle Hill employees and associates, invests in opportunistic credit strategies and capital structure arbitrage.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...