Star Hedge Managers Corp. on Monday launched a C$75million fund of funds through an initial public offering on the Toronto Stock Exchange. The firm had originally sought to raise C$500 million for the offering.
According to regulatory filings, the fund of funds has exposure to three long/short Canadian underlying hedge funds: the Dynamic Funds, Sprott Asset Management and Front Street Investment Management.
Approximately one third of the Portfolio will be initially invested in the Front Street managed account, which can invest in resources-related companies.
Genna GarverBy Genna Garver, John Brunjes, and Cheri Hoff of Bracewell & Giuliani -- On Oct. 27 the Private Fund Investment Advisers Registration Act of 2009 (H.R. 3818) moved one step closer to becoming law with the 67-1 approval of the U.S. House of Representatives Committee on Financial Services (the "Bill"). More...
Investors this week announced the formation of NewWorld Capital Group, a private equity firm that will invest in middle-market companies and related infrastructure projects in the cleantech sphere. More...