Coast Preps Pair of Funds of Funds

Mar 7 2008 | 9:24am ET

Santa Monica, Calif.-based fund of hedge funds shop Coast Asset Management is reportedly coming to market with a pair of funds of funds later this year.

The $6.7 billion firm is prepping the Coast Event Driven Fund and Coast Asset Lending Fund for launch with some $100 million each, Alternative Investment News reports. Direct Lending will allocate capital to credit and direct-lending managers but avoid asset-backed lending strategies.

Both funds will roll out with between 10 to 12 managers each.

The firm declined to comment on its new initiatives.

Coast recently named Roger Hartley, a former managing director at Putnam Lovell, as chief operating officer. Last year, the firm opened its initial office outside the U.S., in London, and recruited Sabine Maarschalk from ABN Amro to head sales efforts in the U.K., continental Europe and the Middle East. This year, the firm said it is actively exploring additional non-U.S. markets, particularly in the Pacific Rim countries.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.