Jun 2 2006 | 8:16pm ET
~ Fallen energy giant Enron announced this week that its assets were being acquired by three hedge funds in a deal worth $2.1 billion. London-based Ashmore Investment Management and U.S. fund managers Eton Park and D.E. Shaw have agreed to buy the assets of Prisma Energy, which serves as the holding company for Enron's assets. Ashmore will take on 60% of the assets, while the U.S. firms will each own 20%. The deal involves the three hedge funds taking on $800 million of Enron's debt.
~ In line with JPMorgan's push to become a dominant player in the hedge fund servicing industry, the firm's Hedge Fund Services unit has agreed to acquire Henderson Global Investors' middle and back offices. Under the agreement, JPMorgan HFS will take over Henderson's middle and back offices and its employees, who service 14 hedge funds representing approximately $2 billion of assets. The administration will be done out of JPMorgan HFS's London office. Two months ago JPMorgan HFS acquired the middle and back office operations of Greenwich, Conn.-based Paloma Partners
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…