Hedge Fund Bets On Soccer Player Transfers

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.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.