Saturday, 28 November 2015
Last updated 6 hours ago
Oct 7 2008 | 1:50am ET
British hedge fund Capula Investment Management has sold a second minority stake in itself, this time to Japan’s largest trading firm.
Capula, which manages some US$4.2 billion, has sold a 5% stake to Mitsubishi Corp., it said. Mitsubishi’s stake, valued at as much as US$35 million, does not carry with management rights or board representation, Capula said, but Mitsubishi will work with the hedge fund to expand its footprint in Asia.
“As Capula’s strategic partner in Japan and the Asian region, Mitsubishi is expected to support the marketing of Capula funds to institutional investors in the region,” Capula said. “Capula and Mitsubishi also intend to jointly develop new financial products.”
In February, Capula sold a 20% stake to Petershill, the Goldman Sachs private equity fund that invests in hedge fund managers.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…