Wednesday, 30 July 2014
Last updated 10 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…