Monday, 1 September 2014
Last updated 3 days ago
Nov 11 2009 | 12:13pm ET
Crescendo Partners, whose activist-oriented portfolio Crescendo Partners III reported a 2% gain last month and is up 151% for the year and 22% since its inception in January 2007, is on a fundraising push.
The hedge fund firm told FINalternatives that it is initiating a targeted capital raise of $100 million for the portfolio, and expects to close the round in the first quarter of 2010.
Eric Rosenfeld, who formed Crescendo Partners in 1998 after managing the merger arbitrage business at Oppenheimer and Company for 14 years, said he sees tremendous opportunities for Crescendo’s style of patient activism, but plans to build assets gradually over time.
In situations where Rosenfeld chooses to become active, the fund typically buys between 5% and 20% of a company. The activist hedge fund is an investor in such 2009 standout activist investments as Cott Corp, Bridgewater Systems, and Destination Maternity.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...