Wednesday, 2 September 2015
Last updated 4 hours ago
Aug 26 2011 | 9:37am ET
Fund of hedge funds Federal Street Partners is splitting its onshore fund's assets into two strategy-specific vehicles.
The Connecticut firm has begun moving $100 million from its Multi-Strategy Fund to its global long/short and Asia-focused emerging markets funds, Federal Street Associates I and Federal Street Associates, HFMWeek reports.
"We wanted a greater emphasis on emerging markets and we want to become more tax efficient," CEO Ed Barksdale said.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…