The former heads of Polygon Investment Partners’ largest hedge fund have struck out on their own, raising US$100 million for their new fund despite the troubles of their old.
The European Special Situations and Distressed Credit Fund will invest with the expectation that an economic slowdown will make refinancing distressed debt difficult.
Tara Bryson and her boyfriend, Michael Hearl, were arrested in July and charged with running “a complex marijuana cultivation operation capable of producing a marijuana crop year round.
Hedge fund Charlemagne Capital reported lower first-half earnings on lower assets under management, but said that investors have begun to return to the firm over the past two months.
Stenham Asset Management is buying one of the oldest fund of hedge funds shops in Europe in a move that will increase its own assets under management by more than 10%.
Crude oil has broken through levels not seen since 2014 and it appears to be entering a new phase, ending the downward super cycle that took crude from above $100 per barrel to under $30, and entering a phase where both supply and demand are expected to grow.