Thursday, 2 October 2014
Last updated 15 hours ago
Jul 11 2013 | 11:48am ET
A Neuberger Berman Group private-equity fund has taken its eighth stake in a hedge fund manager.
Dyal Capital Partners acquired a minority interest in Waterfall Asset Management from M.D. Sass-Macquarie Financial Partners. The credit hedge fund has $2.3 billion in assets under management, and will remain under the leadership of co-founders Tom Capasse and Jack Ross.
Terms of the deal were not disclosed, by Dyal generally takes a 20% passive stake.
Dyal closed in December with $1.28 billion in commitments, and aims to build a portfolio of between 12 and 15 established managers. In addition to Waterfall, the fund owns stakes in Capital Fund Management, Capstone Investment Advisors, Halcyon Asset Management, Mast Capital Management, MKP Capital Management, Pinnacle Asset Management and Scopia Fund Management.
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…
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