Warburg Pincus announced today that it has formed a $1 billion joint venture with a Beijing-based asset management firm for investing in distressed and "special situations" real estate opportunities in mainland China. The US private equity firm revealed the latest... Read More>> The post Warburg Pincus Sets Up $1B JV for China Real Estate Special Situations appeared first on Mingtiandi.
The rebound in equity markets supported hedge funds last week, with strategies with elevated beta such as such as Special Situations and L/S Equity, outperforming, according to the latest Weekly Brief from Lyxor's Cross Asset Research team.
Recent unstable market conditions have proved supportive for hedge funds, in relative terms, with liquid hedge fund benchmarks were down 1 percent in March, and distressed and special situations strategies underperforming.
Austin-based Pennybacker Capital LLC, a real estate private equity firm, has named Dave Stahl as managing director of distressed credit and special situations. Previously, Stahl worked at Lone Star Funds/Hudson [...]
AION is an India-focused special situations fund jointly promoted by US private equity fund Apollo Global Management and local fund ICICI Venture Fund Management Co. Ltd.
The G10-Rosseau Special Situations Fund (US) LP, managed by Rosseau Asset Management of Toronto, earned the top position in 2016 among the 4,099 hedge funds tracked by BarclayHedge with a 156.32 per cent annual return.Â read more
This was the year to ridicule hedge funds. Pension funds, politicians, Warren Buffett, even hedge fund managers themselves -- they all had something to say about the disappointing performance, high fees and market saturation. Well-known managers from Ray Dalio to John Paulson saw performance on their main funds range from flat to double-digit losses, while some distressed-debt investors like Jason Mudrick benefited from the rally in commodities prices. Strategies focused on macro trends and equity hedges -- which have seen returns crimped by swollen stock-market valuations and ultra-low interest rates -- produced the worst returns.
<p>Distressed investments specialist Solace Capital Partners has raised $576 million in capital commitments for its inaugural fund.</p> <p>The new vehicle, named Solace Capital Special Situations Fund, closed well in excess of its $500 million target, according to the company. </p> <p>Solace focuses on distressed-for-control and special situations investments in North America. The company has flexible capital and targets opportunities in complex, distressed or capital-constrained, lower-middle market companies across numerous industries. Typical investment size ranges from $10 million to $75 million.</p>
Hedge funds enjoyed broad-based returns last week as equity, bond and currency assets remained largely in their respective lanes as financial markets continue adapting to Donald Trump’s election win, according to the latest edition of Lxyor Asset Management’s Weekly Brief. The Lyxor Hedge Fund Index gained 0.7% for the week through November 22, with all sub-strategies except one ending the period on a positive note. Event Driven led the pack, gaining 0.9% and supported by positive returns in both Merger Arbitrage and Special Situations segments, while Global Macro and L/S Equity gained ground, up 0.8% and 0.7% respectively. Fixed Income...
Oaktree Capital, one of the worldâs largest special situations and distressed assets funds, may soon close its first private debt transaction in India, according to at least three people aware the of development.