Copper Arch to return all capital to investors, Aladdin Capital to raise cash to invest in distressed mortgage securities, Vega Select Opportunities fund up 6.7% in October, recovering from last year`s losses, Global`s highly ranked Distressed Fund open for investors to the end of December, Chilton Investment aims to open shop in western China
|
|
|
Opalesque Exclusive: Copper Arch to return all capital to investors
Industry sources told Opalesque that Copper Arch Capital, a New York hedge fund, would be returning all capital to its investors at year end.
The firm is led by chairman Scott Siprelle, a former Morgan Stanley banker. In a career that spanned 13 years at Morgan Stanley, Sipprelle rose to head of the U.S. equity capital markets division.
In July 1998, Sipprelle started Midtown Research Group which ran the MRG Nuclear hedge fund. In the first half of 2005, Copper Arch made headlines when it voiced stern criticism and called for a restructuring of Morgan Stanley, then led by Phil Purcell.
Aladdin Capital to raise cash to invest in distressed mortgage securities
From TheStreet.com: … Stamford-based hedge fund manager Aladdin Capital Management, which manages some $20 billion in assets, is trying to raise cash to invest in esoteric subprime securities that have seen their values decimated over the past several months amid rising residential loan defaults.
People familiar with Aladdin's plans told TheStreet.com that the hedge fund is pounding the pavement in an effort to lure backers ranging from wealthy individuals to institutional investors, such as pensions and insurance firms. An official at the firm declined to comment on the hedge fund's plans… Full article:
...................... To view our full article Click here
|
|
RSS
