Wed, May 4, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Biggest French hedge fund sells minority stake to U.S. private equity firm Dyal

Friday, January 13, 2012

Benedicte Gravrand, Opalesque Geneva: The biggest French hedge fund, Capital Fund Management (CFM), completed its re-organisation earlier this month, following the death of its founder, Jean-Pierre Aguilar, in 2009. The company reportedly managed $2.6bn in hedge funds then.

Part of Aguilar’s stake went to the four other managing directors (Jean-Philippe Bouchaud, Marc Potters, Jacques Saulière and Philippe Jordan), reported French news publication L’Afegi.

And a minority part of his stake was sold to Dyal Capital Partners in December 2011. Dyal Capital Partners is a U.S.-based private equity firm specializing in making investments in hedge fund managers and seeking to take minority stakes. Founded in 2010, it is a subsidiary of Neuberger Berman Inc. , a global independent asset management firm.

The $1bn purchase of this stake in CFM is the first one for Dyal.

CFM’s directors retain control and decision power, which is important for their investors, said Julian Parsons, director at KPMG Corporate Finance, which took care of the transac......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n