Saturday, 30 August 2014
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...