Eton Park, Rhone Cap. In Shipping J.V.

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.

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Editor's Note

    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…