Guinness family firm takes stake in hedge fund group

Forbes – The investment office of the Guinness family, which made its fortune in brewing, has taken a stake in 47 Degrees North and will back future fund launches, the fund of hedge funds firm said on Monday.

Under the deal, Iveagh will be a minority shareholder in 47 Degrees North and provide seed capital for new launches, which are set to include emerging managers and innovative hedge fund strategies, the hedge fund firm said in a statement. It did not give the size of the stake.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.