Thursday, 26 November 2015
Last updated 1 day ago
Mar 9 2011 | 3:09am ET
New York-based asset management firm MSD Capital has raised $779.86 million for a new hedge fund vehicle, MSD Energy Partners, according to a regulatory filing.
The money invested in the newly-launched energy-focused fund comes from 25 investors, according to the filing.
The new fund is being managed by Brian Frank. Prior to joining MSD, Frank was a portfolio manager at hedge fund firm Cumberland Associates from 2005 to 2008. Before joining Cumberland, he served as a director of Harman International, a principal at W.R. Hambrecht + Co, and an analyst in the merger and acquisitions group at Lazard Freres.
MDS Capital—Dell Computer founder Michael Dell's investment business—was founded in 1998 to manage his own fortune, but last year MSD began taking in capital from outside investors. With the latest capital inflow of almost $880 million, the 80-person firm is believed to manage over $12 billion.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…