Sunday, 29 November 2015
Last updated 1 day ago
Dec 16 2013 | 11:08am ET
Cube Capital is spinning off its real-estate business to focus on its core hedge fund business.
Oleg Pavlov, a co-founder of the London- and Hong Kong-based firm, will head the newly-independent real-estate business, which will be called Quadrum, Reuters reports. The new firm, which will be based in London and which will invest in emerging markets and distressed opportunities in developed markets, will take US$350 million of Cube's US$1.3 billion in assets.
The split is amicable: Pavlov will remain a co-owner of Cube, while Cube co-founders François Buclez and Alan Sipols will own minority stakes in Quadrum.
"We are now an institutional fund of hedge funds and [our clients] don't care about the real-estate business," Cube managing director Peter Madsen told Reuters. He said that there will be no loss of clients or staff between the two firms.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…