Thursday, 2 October 2014
Last updated 23 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...