Friday, 19 September 2014
Last updated 9 hours ago
Jun 23 2011 | 7:23am ET
K2 Advisors, the $10 billion fund of hedge funds, may be looking for a buyer.
The Wall Street Journal reports the Stamford, Conn.-based shop is in discussions with possible buyers, including the Carlyle Group. Citing people “familiar with the matter,” the paper said K2 is considering an outright sale or the sale of a majority stake.
K2 co-founder David C. Saunders refused to comment on the issue, telling the WSJ, “Right now we're just interested in managing money. We think we're in a really great position. Anything else would be a distraction.”
K2 has added about $3 billion in AUM since 2008, despite choppy markets.
Saunders founded K2 in 1994 with William A. Douglass III, calling it after the Himalayan mountain of the same name. The firm has offices in London, Sydney and Tokyo, as well as the U.S. and over 90% of its AUM come from institutional investors, according to marketing documents viewed by the paper.
T.A. Associates, a Boston-based private-equity firm, bought a minority stake in K2 in 2007. The value of the transaction was never revealed.
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…
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