Thursday, 26 November 2015
Last updated 11 hours ago
May 9 2012 | 9:56am ET
A Citadel Investment Group veteran has won the backing of fund of hedge funds Grosvenor Capital Management.
Grosvenor's seed investment in Nightscape Capital more than doubles that firm's assets under management. Grosvenor agreed to invest $75 million in Nightscape's Global Value Fund, managed by former Citadel portfolio manager Nick Stukas, as part of its emerging managers program. Nightscape is the program's first beneficiary.
In exchange for its seed investments, Grosvenor is seeking a roughly 20% stake in management companies. It will also offer operational and marketing support.
Nightscape, a European-focused relative value and special situations fund, returned 7.78% last year.
Stukas worked at Sandelman Partners after leaving Citadel, helping establish the former firm's London office.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…