Saturday, 25 October 2014
Last updated 1 day ago
Jul 8 2013 | 10:17am ET
A controversial hedge fund has won some big-name backers for its strategies.
Doyen Capital counts the families of Bayrock Group founder Tevfik Arif and Rixos Hotels CEO Fettah Tamince among its investors, Bloomberg News reports. The ties go deeper than that, as well, with Arif's son serving as a Doyen manager.
Doyen invests in energy trading and other areas, but has received the most attention for its plays on soccer. The firm has struck deals with soccer players, including Brazilian star Neymar, paying them in exchange for a share in their future transfer fees. That has earned it the ire of UEFA, the sport's governing body in Europe, which is concerned that such deals will interfere with the US$3 billion global transfer market. FIFA, the world soccer governing body, is reviewing the practice.
Doyen also invests in soccer players' image rights, and counts Neymar a client in that regard, as well.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.