Egeli & Co. Unveils Special Situations Fund

Dec 9 2010 | 9:15am ET

Istanbul-based investment management firm Egeli & Co. has recently launched a special situations hedge fund. 

The new vehicle, the Egeli & Co Special Situations Fund, will make investments in corporate restructurings, distressed debt, undervalued companies and public securities as well as other investments involving debt, equity and hybrids in Turkey and the surrounding region. Egeli & Co plans to soft close of the new fund at US$150 million.

Caledonian Fund Services (Europe) is serving as the administrator and PriceWaterhouseCoopers as the auditor. The fund, which is domiciled in the Cayman Islands, charges 2% for management and 20% for performance.

In addition to the new fund, Egeli & Co manages a long-only Turkish equity investment trust and a multi asset investment company—both of which are listed on the Istanbul Stock Exchange. The emerging markets-focused firm has also announced plans to launch Turkey’s first agriculture investment fund during first quarter of 2011.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.