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July 16, 2006
Mittal Hedge Fund Aims for $500 Million
Kenneth Jeyaretnam, a key player in the widely known Mittal takeover of Arcelor, will launch his own hedge fund. The fund will perform global operations with the primary focus on Europe, Asia and the US. The fund will be based on merger arbitrage and distressed debt trading. It is aiming to scoop up an initial $500 million of investment funds. The new hedge fund will be known as the Stamford global Event Driven Fund. It will look to Japanese investors for funding. Its FSA authorization has been obtained through Noble Asset Management (NAM). Stamford will apply for authorization in six months after the launch.
Jeyaretnam commented “We are delighted to be working with N.A.M. The Principals and employees of N.A.M. have great integrity and have shown real commitment to building a highly successful asset management business. Their network within the industry and relationships with potential investors to include strategic investors is unrivalled.”
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Our company might be looking for a hedge fund industry expert to assist in interfacing with our hedge fund client. Can you recommend anybody? Thank you.
Posted by: donna | Aug 23, 2006 6:16:23 PM
Hi Donna,
As we write only informative posts on hedge funds, we are not in a position to recommend any hedge fund expert for your company. However, you can visit the following website that provides a database for hedge fund managers. It might help you.
http://www.aa-center.net/products/aim/aim_database.htm
Posted by: Sagar | Aug 24, 2006 8:39:45 AM
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