Hedge Funds: Investors Gain Interest in Hedge Funds Amid Pandemic Investors now plan to put more cash into hedge funds rather than less. This has not occurred in years. For instance, a survey by Preqin showed that 44 percent of hedge fund investors plan to invest in hedge funds in the next year. This is …
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Private Equity: HSBC Closes Second Private Equity Fund HSBC has raised $260 million for its second Vision Private Equity fund. Last year, HSBC’s private equity fund closed at $250 million. The strategy for this fund is to make primary and secondary co-investments. These investments will be made globally and across various sectors and strategies. This …
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Hedge Funds: Citi Wins Battle Against Hedge Fund and Creditors Citigroup won its battle to regain $900 million that it sent to cosmetic company Revlon creditors. Citi accidentally sent this money and intended to recover the funds as soon as possible. In addition, a U.S. judge blocked hedge fund Brigade Capital from doing anything …
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Private Equity: Onex Corporation Promotes Le Blanc to President Private equity firm Onex has promoted Bobby Le Blanc to president. He will now oversee all business ventures and will serve as head of Onex Partners. Le Blanc will also be in charge of reporting to Chairman and CEO Gerry Schwartz. According to Schwartz, “Having joined …
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Lawsuit Follows Mistaken Payment. Citibank accidentally wired $175 million to Brigade Capital Management. The hedge fund has not returned the money, which led Citibank to file a lawsuit. The bank hopes to get the money back and argue that it was an “operational mistake.” In court documents, Citibank explained that its intention was to send …
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