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News

We aggregate on a daily basis the most relevant news related to hedge funds/alternative investment firms and people moves. Members have unlimited access to all exclusive and aggregated articles and the ability to search by keywords.

Assured Guaranty Buys Hedge Fund BlueMountain for $160 Million

Assured Guaranty (ticker: AGO) is buying hedge fund BlueMountain Capital for about $160 million as the insurer builds a money-management business.
That includes buying a stake from Affiliated Managers Group (AMG) for $91 million in cash....

Jeffrey Tarrant, Pioneering Hedge Fund Investor, Dies at 63

Jeffrey Tarrant, a leading hedge fund investor who backed managers including Bill Ackman and Marc Lasry before they were stars, has died. He was 63.

Tarrant died on Aug. 5 at his home in Bridgehampton, New York, from a brain tumor that was first diagnosed and treated in 2017, according to a statement Wednesday from Protege Partners, the firm he founded...

Private Equity Shop Preps Debt Hedge Fund

Antarctica Capital, which runs a $2 billion private equity fund, is crafting a debt-focused hedge fund.

The New York firm plans to launch the vehicle in the fourth quarter with $50 million to $100 million. Antarctica recently hired two veteran debt investors, and now is in the process of selecting a prime broker and other service providers...

The Fall of Barneys Burns a Hedge-Fund Star

Some billionaire hedge-fund managers buy sports teams. Richard Perry snapped up one of New York’s most influential luxury department-store chains.

Mr. Perry’s passion project—Barneys New York Inc.—filed for chapter 11 bankruptcy protection Tuesday with plans to close 15 of its 22 stores and with new financing that gives it time to find a buyer. Barneys’ troubles reflect the litany of woes hurting retailers across the U.S.: The company faced a sky-high rent increase and ran into difficulty navigating the rise of e-commerce...