Monday, 1 September 2014
Last updated 3 days ago
Oct 26 2010 | 3:21am ET
Following some not insubstantial tinkering with its strategy, Cedarview Capital Management is back in the market for new investors.
The New York-based firm has begun marketing its Cedarview Opportunities I Fund after overhauling its credit opportunities strategy. The $150 million hedge fund firm has hired Richard Jakob, formerly of NewOak Capital Asset Management, to recruit new investors, with an eye on high net-worths, family offices and small pension funds.
Cedarview—which lost 53% in 2008—hopes its new outlook, and its 95% return last year, will do the trick to attract new dollars. The firm has done away with leverage and now features a concentrated core portfolio of high-yield bonds, bank loans and distressed securities.
"Our product offers tremendous value in this yield-starved environment," founder Burton Weinstein told HFMWeek. "We have the ability to be in bank loans as well and the instruments we buy are of shorter duration."
In addition to the strategic changes, Weinstein, formerly of Aviary Capital, has bought out the stake of Capital Z Asset Management, which seeded the fund in 2004. Weinstein said the seeder's exit will allow him increased flexibility to pursue strategic transactions.
Cedarview is up 23% this year.
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 ...