News

Alpstar, a European credit fund specialist, has formed partnership with Ahorro Corporacion Financiera, the financial services group of Las Cajas, the Spanish Savings Banks.
 
The partnership is looking to parlay the local access of ACF with the distressed and recovery acumen of Alpstar to source and invest in stressed Spanish corporate debt via an advisory and restructuring strategy.

A private equity adviser caught up in the New York pension kickback scandal has found itself on the outs with another public fund.

UBS is considering the sale of its hedge fund unit to the group’s management, a Swiss newspaper reported yesterday.

Leftist members of the European Parliament are blasting the European Commission’s soon-to-be-proposed hedge fund regulation, with their leader calling it “almost worthless.”

One of the world’s largest hedge fund investors may be getting into the hedge fund seeding business.

Hedge fund administrator Conifer Securities is continuing to build its nascent prime brokerage business with the hire of a former Morgan Stanley executive.

A pair of hedge fund veterans is taking advantage of an industry in flux by launching a firm specializing in due diligence.

CalCEF Clean Energy Angel Fund, Kuwait Petroleum Ventures Inc. and Keiretsu forum’s Cleantech Investment Committee have formed a partnership called the Cleantech Angel Network of Networks to invest in early stage cleantech companies.

Indiana-based start-up Bright Automotive has unveiled the Idea, a light-use vehicle that gets 100mpg for its first 50 miles.

Albiasa Corp, a Spanish company with operations in the United States, plans to build a $1 billion concentrated solar power plant near Kingman, Arizona.