Tuesday, 24 November 2015
Last updated 17 min ago
Jan 27 2009 | 8:31pm ET
Asset management shop SW1 Capital has bought a stake in a hedge fund platform, with big plans for its own hedge fund business.
The London firm, which manages private equity funds as well as hedge funds, has the option to buy a controlling stake in PCE Investors within three months from p.e. firm Ubequity Capital Partners, which owns two-thirds of PCE. For its initial stake, SW1 bought out minority shareholder Schneider Trading Associates. The firms did not disclose the size of SW1’s interest in PCE.
SW1, which is headed by hedge fund industry veterans Simon Luhr and Terry Duffy, hope to use PCE, which has US$1.6 billion in assets across 21 funds and 15 teams, as a stable for future hedge fund acquisitions.
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…