Thursday, 29 January 2015
Last updated 13 hours ago
Jul 28 2006 | 1:46pm ET
Mellon HBV Alternative Strategies is closing one of its funds and returning money to investors, according to an investor in the fund. The Mellon HBV Rediscovered Offshore Opportunities Fund had over $350 million at its height, but dropped to around $40 million last month. The fund invested in corporate restructurings and distressed debt.
A spokesman for Mellon HBV declined to comment. The firm currently has over $700 million in assets under management in a variety of other single-manager hedge fund vehicles.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…