Thursday, 21 August 2014
Last updated 10 hours ago
Mar 23 2010 | 12:24pm ET
Tennenbaum Capital Partners hopes to raise $1 billion for a distressed debt hedge fund.
The Santa Monica, Calif.-based firm aims to complete the first round of fundraising for the new vehicle within three months, Bloomberg News reports.
Tennenbaum raised $454 million in December for a debtor-in-possession financing fund, which targets loans of about $10 million.
Tennenbaum’s Opportunities V fund was the fifth-best performer among all hedge funds through the first three quarters of last year, according to Bloomberg Markets.
"We have the ability to make investments up to $250 million in private and public companies through open-market purchases and privately negotiated transactions," states the firm's Web site.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note