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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...