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.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
According to a survey of 300 executives by Ernst & Young, the world’s biggest companies are poised to increase spending cleantech solutions. More...