Saturday, 30 August 2014
Last updated 1 day ago
Jun 9 2010 | 9:59am ET
Spain’s Cygnus Asset Management has launched an event-driven hedge fund.
The Madrid-based US$660 million firm’s Europa Event Driven Fund began trading with US$20 million at the beginning of the month, HFMWeek reports. The new fund debuted with money from existing investors.
New hire José Luis Pérez Esteve helms the new fund, which focuses on pre-announced mergers, relative value and spin-offs. Pérez Esteve joined the firm from London-based special situations hedge fund Shelter Island Capital Management. Cygnus plans to add an analyst and trader to the new fund’s team, as well.
The event-driven fund has a capacity of US$1 billion. There is a $1 million minimum investment requirement. The fund charges 2% for management and 20% for performance, and features monthly liquidity with 45 days’ notice. Goldman Sachs serves as its prime broker.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...