Does loyalty lie with the lawyer or the law firm?
Big changes were afoot in the London hedge fund legal scene last week, after New York-based Akim Gump swooped on Simmons & Simmons
19/02/2010
Gottex forms direct lending joint venture with FrontPoint
Fund manager Gottex has teamed up with FrontPoint Partners, the multi-strategy investment management firm, to form a new direct lending venture. The move sees the two firms seeking to capitalise on the current dislocation in the loan market to small and mid-sized companies.
The venture will focus on making secured loans to US and European middle market companies, utilising both FrontPoint’s Direct Lending strategy and a customised Gottex Direct Lending strategy, and will be managed by direct-lending specialist Steve Cezh. Cezh, who has 20 years experience in the leveraged finance space, will head up the operation from FrontPoint’s Greenwich, Connecticut base.
As a result, Gottex, which has over $8bn in assets and is incorporated in Guernsey, will be able to offer its clients access to the direct lending market.
FrontPoint already oversees approximately $7bn in AuM.
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Editor's view: 8 February 2012
Speculative moves, a perceived landgrab and a potential bidding war in the hedge fund sector have all opened up in recent weeks
Comment: Julian Korek
"Advisers need to be analysing key considerations and determining where they fall in the spectrum of SEC registration; no easy task given the scope of the legislation"
Investor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
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Join us and our panel of experts for HFMWeek's Subscribers' Club February's UK breakfast briefing…
29/02/2012
US: Endowments and Foundations in Hedge Funds
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European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
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