Tuesday, 21 October 2014
Last updated 59 min ago
Nov 1 2007 | 12:08pm ET
Private equity firm Hellman & Friedman has taken an undisclosed minority stake in Chicago-based fund of hedge funds manager Grosvenor Capital. Under the deal, H&F has acquired most of the stake held by Value Asset Management, which has been a minority investor in Grosvenor for a decade but is in the process of liquidating.
Grosvenor management—which remains in place without changes to personnel, operations or strategy—has also taken the opportunity to boost its own stake in the firm.
“We are enthusiastic about our new partnership with H&F,” Grosvenor CEO Michael Sacks said. “Their history in general, and experience with asset management firms in particular, were important factors in selecting them to be our partner.”
Grosvenor manages some $24 billion, and maintains offices in London and Tokyo in addition to its Windy City headquarters.
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 ...