Egeli & Co. Unveils Special Situations Fund

Dec 9 2010 | 10:15am 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

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of