Carlyle, Moore Chief Buy Commodities Firm

Mar 14 2014 | 12:36pm ET

The Carlyle Group and Moore Capital Management founder Louis Bacon have struck a deal to take control of commodities trader Traxys Group.
Terms of the agreement were not disclosed. Carlyle and Bacon will buy a controlling stake from Traxys’ current owners—Pegasus Capital Advisors, Kelso & Co. and Resource Capital Funds—while the firm’s management will also increase its stake in the Luxembourg-based firm. The deal is expected to close in the third quarter.
Carlyle will pay for its share using its $1.1 billion smaller companies fund.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note