Federal Street Moves Assets To Long/Short, Emerging Markets Funds

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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of