Fauchier Launches Fund Of Hedge Funds

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.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR