Tuesday, 1 December 2015
Last updated 7 hours ago
Feb 23 2010 | 7:20am ET
The founders of BlueBay Asset Management have cashed in some of their stakes in the London-based credit hedge fund shop.
Hugh Willis and Mark Poole each sold 6.5 million shares, earning each £21 million. The sale reduced their combined stake in BlueBay to 17.3%.
The firm said both men would use some of the proceeds to invest in new BlueBay funds, and both have agreed not to sell any additional shares for at least a year.
“The principal purpose of the placing is to enable Mr. Willis and Mr. Poole to continue to make available seed capital for BlueBay fund launches over the coming years,” BlueBay said in a statement.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…