Mellon HBV Winding Down Beleaguered Fund

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.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...