Friday, 26 December 2014
Last updated 2 days ago
May 5 2010 | 11:51am ET
Pardus Capital Management is planning a new corporate debt hedge fund.
The new vehicle would invest primarily in fulcrum debt, post-reorganization stocks and activist equity positions in the U.S., Europe and Latin America, HedgeFund.net reports. It will be more diversified that the firm’s existing fund, which invests much of its $1 billion in assets in just two technology companies.
Pardus recently added a senior analyst to cover distressed investments in Europe. Lutz Strober joined the New York-based activist shop last month.
The new Pardus fund will be seeded with between $15 million and $20 million by the firm.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.