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Simons backs Long Island focused buyout fund
From Libn.com: Principals behind Topspin Partners have raised $115 million for a new leveraged buyout fund that will take a hard look at Long Island companies among potential acquisitions and investments. Leo Guthart, Stephen Lebowitz and Leigh Randall are managing directors behind the new fund, Topspin Partners LBO, based in Roslyn Heights. Jim Simons, chief executive of Renaissance Technologies, a hedge fund based in Manhattan, is the largest investor. Lebowitz said the fund will look at firms on Long Island, but isn’t limiting its search to this area....Full article: Source
Opalesque Exclusive: New French FoF includes alternatives
The new Satori fund of funds was launched in May 2007 by French money management consultant Synergim (based in Nimes) and Paris-based fund manager Swam Capital Management. The fund is said to be a multi-asset fund which is reactive and 100% flexible. Satori, in start-up mode, has collected EUR3 million in mid-June, according to Newsmanager.com.
It was initially aimed at independent advisors and their clients, but the fund is focusing more on the regularity of performance returns as it is used mostly to support life-insurances. Currently, it invests in 33 funds, diversified in geography and sectors. “Within the asset allocation, we are careful never to overexpose our portfolio, even when we ...................... To view our full article Click here
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