Friday, 9 October 2015
Last updated 10 hours ago
May 17 2012 | 10:14am ET
It's open season on funds of hedge funds.
Amidst word that Gottex Fund Management would buy Hong Kong-based Penjing Asset Management and that Kohlberg Kravis Roberts is in talks to acquire a stake in Prisma Capital Management comes news that Financial Risk Management may be on the move, as well.
The London-based firm finds itself in the acquisitive sites of an unidentified publicly-traded company, Hedge Fund Alert reports. While HFA speculates that Man Group, whose fund of funds business is led by FRM veteran Luke Ellis, may be the interested party, it reports that sources familiar with the firm say it is more likely to buy a U.S.-focused business.
FRM has US$9 billion in assets under management.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…