Tag Archives: fortunes

Hedge fund turmoil a boon for family offices

Guardian Unlimited – Tumbling markets and redemption waves have been murder on hedge funds, but the turmoil will free up top-tier talent for a quiet but well-heeled corner of the market: family offices. The world’s wealthiest, not content to hand […]

Persky’s Dalton hedge fund to bet on distressed debt

Reuters – Hedge fund manager Steven Persky plans to start betting on companies’ bad fortunes again. Persky, who runs $1 billion hedge fund firm Dalton Investments, said on Wednesday he will re-launch his distressed debt strategy three years after liquidating […]

Commercial property rents collapse in London hedge fund areas

The Independent – Rents for plush offices in Mayfair and St James’s plunged almost 30 per cent last year, hammered by the declining fortunes of many of their hedge funds tenants.   The commercial property agency NB Real Estate has […]

Cobra on sale for 200 million pounds

Business Standard – Indian entrepreneur Lord Karan Bilimoria has put Cobra, the beer company he founded 18 years ago, up for sale for an estimated £200 million, a leading daily here claimed today. The 46-year-old businessman had drafted in advisers […]

Hedge fund gets all of its ducks in a row

New Zealand Herald – Eyebrows were raised this week when New York hedge- fund Elliott International nominated two Kiwi businessman – including recently appointed Infratil director Mark Tume – to join the Telecom board. Telecom is on the fringes of […]