Tuesday, 21 October 2014
Last updated 28 min 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.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...