Thursday, 27 August 2015
Last updated 7 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…