Tuesday, 23 September 2014
Last updated 8 hours ago
May 19 2011 | 12:53pm ET
Robert Crane, Gary Ran and Gary Weisman have very different professional backgrounds but they’re joining forces to form an investment firm that will focus on the commercial aviation industry—and to launch the first aviation-focused hedge fund.
Crane Aircraft Partners, to be based in California and Michigan, will be led by Crane, who has over 25 years’ experience in commercial aircraft leasing and trading. Ran is the chairman and found of the independent investment firm Telemus Capital Partners and Weisman is the owner of General Worldwide Aviation and a commercial real estate developer.
Crane Aircraft Partners is not their first cooperative venture: in the past five years alone, the firm's partners have been investors in, and lenders on, commercial aviation assets valued at $100 million and have raised approximately $25 million in equity and debt capital.
The firm will use its experience and extensive relationships to raise equity and debt capital from retail and institutional investors.
Said Ran, "In the wake of the global financial crisis, there is a need for both equity and debt capital in the commercial aviation industry. We see a ripe opportunity to earn attractive investment returns. In addition, creating an aviation focused hedge fund allows us to benefit from the knowledge and insight we've gained from being active investors in commercial aviation assets."
Crane Aircraft Partners expects to begin fundraising for the new firm's first equity and debt funds within the next month.
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 McKitich, CIO of Petty 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…
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.