Tuesday, 1 December 2015
Last updated 36 min ago
Feb 11 2009 | 2:38am ET
Aladdin Capital Holdings has launched a hedge fund designed to take advantage of higher interest rates being charged by the shrinking debtor-in-possession industry.
The Stamford, Conn.-based firm’s DIP fund will be run by Victor Russo, formerly of CIT Group, and Luke Gosselin, formerly of Goldman Sachs. The firm said the financial crisis has forced many traditional DIP lenders, notably General Electric, to reduce their lending or cut off the flow of funding entirely.
“This provides a tremendous opportunity to capture meaningful market share,” Neal Neilinger, Aladdin’s chief investment officer, said in a statement. “The DIP fund will participate, structure and lend directly into both large-cap and mid-cap facilities.”
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…