Thursday, 24 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…