Saturday, 29 November 2014
Last updated 20 hours ago
Nov 10 2010 | 9:38am ET
New York-based Garrison Investment Group has raised $68.5 million for a new hedge fund, Brian Chase, chief financial officer for Garrison, confirmed for FINalternatives.
The vehicle, the Garrison Opportunity Fund II, is registered in the Cayman Islands and may raise up to $500 million, according to regulatory filings. Its predecessor fund, the Garrison Opportunity Fund, is structured as a private equity vehicle and has approximately $500 million in assets.
The $68.5 million for the new fund comes from 11 investors, according to regulatory filings.
Garrison specializes in credit and asset-based investments. Its team of 35 professionals sources and executes transactions across corporate, real estate and financial assets. Garrison Investment Group invests predominantly in loans, securities and asset purchases, and “is actively investing in the current market environment,” according to its Web site.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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