Saturday, 18 April 2015
Last updated 15 hours ago
Apr 30 2007 | 12:55pm ET
U.K.-based Fauchier Partners this month launched the Jubilee Special Situations Fund, a fund of hedge funds, with some $50 million committed capital. The fund is targeting institutional investors and will be open for investment until June 2007.
According to the firm, the Jubilee Fund will comprise a portfolio of hedge funds investing across the capital structure of both private and publicly-listed companies. A significant proportion of its assets will be invested in less liquid situations such as distressed debt, direct lending, structured public and private equity and the balance will be invested in more traditional value-based investments.
The new offering has a return target of LIBOR +8%. Other specifics concerning the vehicle’s fees and minimum investment requirement could not be obtained by press time.
Fauchier Partners was founded in 1994 and manages a variety of funds of hedge funds as well as advises a number of listed closed-end funds of hedge fund vehicles. It currently manages some US4.7 billion in assets.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…