Wednesday, 1 October 2014
Last updated 2 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...