Monday, 6 July 2015
Last updated 7 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…