Monday, 20 October 2014
Last updated 8 hours ago
Oct 30 2007 | 12:04pm ET
AIG Highstar Capital III, an infrastructure private equity fund formed by its namesakes, has closed with capital commitments of US $3.5 billion. Over 90% of Highstar III's capital commitments were sourced from non-AIG-affiliated investors, principally from a group of pension plans, endowments, financial institutions and family investment offices, according to the AIG and Highstar.
The third fund from AIG Highstar Capital, the new offering is focused on investment opportunities in the infrastructure sector and has already invested US$2.4 billion in three U.S.-based port operators. The fund also controls two waste-management businesses in the U.S. and is a significant investor in the Kinder Morgan management buyout.
"In 2000, when we closed our first fund, infrastructure was a nascent asset class for private equity investing,” managing partner Christopher Lee said. “Today, infrastructure investing is a critical component of a successful and diversified alternative investment strategy, given its low correlation with other asset classes and relative stability of cash flow over time.
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 ...