Monday, 24 October 2016
Last updated 2 days ago
Nov 3 2011 | 8:21am ET
Fund of hedge funds Central Park Group is getting some help to run its event-driven fund.
The New York-based firm has named Brencourt Advisors the sub-adviser to the Multi-Event Fund, it said in a statement. Brencourt founder William Collins will handle fund management duties.
The two sides have set up a joint-venture, Central Park Multi-Event Management.
"Brencourt brings specialized expertise in event investing to the Central Park Group Multi-Event Fund," Central Park co-CEO Greg Brousseau said. "We are impressed with Brencourt's 10-year record of attractive returns, their approach to the asset class and their research, trading and risk-management capabilities."