Fri, Oct 28, 2016
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. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  2. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  3. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso

  4. Barclay CTA Index down 0.40% in September (+0.10% YTD)[more]

    Managed futures traders lost 0.40% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.10% year to date. “The US Fed, in spite of its hawkish tone, opted to hold rates steady which roiled financial markets,” says Sol Waksman, founder and president of BarclayHe

  5. Opalesque Exclusive: Meet Emma, your friendly A.I. helper[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Shaunka Khire, who co-designed an artificial intelligence (AI) robot called EMMA/MANSI, talks to Opalesque