SW1 Capital Buys Stake In Hedge Fund Platform, Eyes Control

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.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note