Sunday, 3 May 2015
Last updated 1 day ago
Dec 12 2011 | 9:52am ET
Dyal Capital Partners will acquire a passive minority interest in Paris-based hedge fund manager and quant specialist Capital Fund Management. The terms of the acquisition were not made public.
Dyal will buy its interest from the estate of CFM’s deceased founder, Jean-Pierre Aguilar. The remainder of Aguilar’s interest has been purchased by CFM’s senior management, who will maintain majority ownership of the firm.
Under the terms of the transaction, the firm’s governance structures are unchanged. CFM will retain complete autonomy over its management, operations and investment strategies, and will continue to be led by the existing senior management team.
Said CFM’s Philippe Jordan: “I and my partners are delighted to welcome Dyal as CFM’s long-term strategic partner. The firm will benefit from the settled ownership which this transaction brings and from Dyal’s sector knowledge and expertise.”
The transaction is expected to close before the end of 2011, subject to regulatory approval.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…