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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of