Sun, Nov 29, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Edex Recovery Solutions to manage $150m hedge fund liquidation mandate

Monday, September 16, 2013
Opalesque Industry Update - Edex Recovery Solutions (ERS) has won the exclusive mandate to manage the controlled liquidation of a $150M hedge fund consisting of loans as well as private and public equities. The mandate was awarded after close cooperation with the relevant regulatory authorities, fund directors and legal advisors. The liquidation process is expected to involve a portfolio restructuring which will cover a number of jurisdictions.

About Edex Recovery Solutions
ERS is a standalone SEC registered investment adviser owned jointly by Gottex Fund Management and the Eden Rock Group that was driven by both parties’ experience in winding down large portfolios of illiquid hedge fund assets. Eight mandates have been awarded to date involving combined assets of $926M (current market value approximately $648M) across a broad spectrum of strategies including real estate, life settlements, corporate loans, energy investments and legal claims.

Press release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November