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
08/09/2010
Real estate vet debuts Iridium Capital fund
Marilyn Kane, who has a background in commercial real estate, has set up her maiden hedge fund.
Kane formed New York-based Iridium Capital and has launched the IC Income and Growth Fund, which will purchase single-tenant net lease properties with a focus on retail, medical and industrial buildings in the Midwest and South of the US.
“People who are not versed in commercial real estate stay away from it because they are afraid of volatility,” she said. “We wanted to give an investor peace of mind to mitigate the inherent volatility in real estate and come up with a very precise strategy that would be low risk, low entry level and provide a good steady return.”
Kane also brought on Sean Shanahan for the launch. They previously worked together at Sperry Van Ness Butler Kane.
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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"
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