Thursday, 23 October 2014
Last updated 28 min ago
Mar 26 2010 | 4:03am ET
A hedge fund, a private equity fund and a shipping company aren’t walking into a bar, but they are setting up a joint-venture.
Euromar will invest in the shipping industry, including seafaring vessels. The new vehicle is backed by Eton Park Capital Management, p.e. shop Rhone Capital and shipping company Euroseas, which will manage the joint venture.
Each of the alts. firms is putting up $75 million towards Euromar’s investments, with Euroseas adding $25 million, in addition to its expertise. Each of the three firms will have two representatives on the new company’s board of directors.
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…
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