Tuesday, 21 October 2014
Last updated 3 hours ago
Dec 4 2012 | 12:16pm ET
Money manager TCW Group, itself in the process of being acquired by the Carlyle Group, is boosting its hedge fund profile with an acquisition of its own.
The Los Angeles-based firm has struck a deal for Regiment Capital Advisors' special situations funds and direct-lending business. The deal, terms of which were not disclosed, is expected to close by the end of the year.
"As a diversified asset manager, the acquisition of Regiment's direct lending business and the team of talented professionals who have managed the SSF business over the past 12 years is a continuation of our strategy to expand and augment TCW's capabilities and offerings in the alternatives area," TCW CEO David Lippman said.
Regiment's five special-situations funds manage about $2 billion and are run by six people, all of whom will join TCW. They will remain based in New York and Boston, with chief Rick Miller becoming group managing director of direct lending at TCW.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...