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

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note