Tuesday, 6 October 2015
Last updated 9 min ago
Nov 9 2012 | 10:17am ET
Hedge fund Tiburon Capital Management has been acquired by New York-based Gray & Co.
Gray, an investment consultancy, added Tiburon last month in a deal whose terms were not disclosed, Gray's director of manager research and administration chief Yolanda Waggoner-Foreman told Pensions & Investments. Tiburon is now a subsidiary of Gray, based at its New York office, with the hedge fund's CEO, Peter Lupoff, named head of Gray's alternative investments division.
The acquisition boosts Gray's assets under management by about 10%, with Tiburon's $54 million event-driven strategy coming on board.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…