Monday, 20 October 2014
Last updated 22 min ago
Jul 9 2013 | 10:06am ET
New York-based private equity manager Raven Capital Management has held a final close on its Raven Asset-Based Opportunity Fund I, with over $150 million in capital commitments.
Raven specializes in asset-based senior secured loans and cashflow generating assets—primarily receivables/intellectual property, specialty finance, commercial real estate, transportation and infrastructure assets and other 'esoteric' assets. The firm directly originates, underwrites and actively manages its investments.
“While low interest rates and volatility dominate the broader fixed income markets, we believe attractive opportunities exist in the unbanked and off-the-run credits we directly originate,” said Raven's Josh Green. “We are pleased with the confidence our investors have shown in us, and look forward to working with a diverse set of counterparties.”
Raven also announced that Chris Felice has joined the company as controller. Felice comes to Raven from HGGC (formerly Huntsman Gay Global Capital), a middle-market p.e. firm with approximately $1.1 billion in committed capital, where he served as vice president and controller.
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 ...