Viteos Fund Services is on the block... [more]From PEhub.com: Viteos Fund Services is up for sale and could attract interest from private equity, four sources said. Credit Suisse is advising on the Viteos auction, the people said.
Somerset, New Jersey-based Viteos provides back office outsourcing for the hedge fund industry. A sale of Vit
Fortress hedge fund manager David Dredge says markets trouble on the way... [more]From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie
North America - Puerto Rico agency plans talks with hedge fund creditors... [more]From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional
People - Former Sentry portfolio manager Dennis Mitchell joins Sprott... [more]From Theglobeandmail.com: Portfolio manager Dennis Mitchell has resurfaced in the investment community, joining Sprott Asset Management. In early July, Sentry announced it had ended its 10-year employment relationship with Mr. Mitchell – the firm’s chief investment officer – which stunned many in th
Commodities - Hedge funds' well-timed bullish bets ahead of oil's price surge... [more]From AFR.com: Hedge funds couldn't have timed an increase in bullish oil positions better, just before improving prospects for US growth sent crude on its biggest two-day rally in six years. Money managers boosted their net-long position in West Texas Intermediate crude 6.2 per cent last week, days
…And Finally - One picture is worth a thousand stitches... [more]From BizarreNews.com: Driving is dangerous enough. You add in distractions like phone calls and texting and it practically turns into a giant game of Russian Roulette. But one Maine driver threw caution and common sense out of the car window with a stunt that put himself and his passengers in the ho