New York (HedgeCo.net) \u2013 Luxembourg-based hedge fund Chenavari Investment Managers joined the ranks of some other highly regarded hedge funds by selling a stake in the company to alternative investment firms. In the case of Chenavari, they sold a 10% interest to Dyal Capital Partners, a division of Neuberger Berman. Dyal also has stakes in other alternative firms Blue Harbour Group, Halcyon, Jana Partners and Pinnacle Asset Management. <\/p>\n
The deal, which was reported by eFinancial News on Wednesday, between Chenavari and Dyal makes the third notable transaction involving an alternative investment firm taking on a partner in the form of private equity investors. Just last month, Marshall Wace, a hedge fund based in the UK, sold a 24.9% stake to U.S.-based private equity firm Kohlberg Kravis Roberts. Earlier this year, private equity firm Blackstone Group took a minority stake in Magnetar Capital.<\/p>\n
The article from eFinancial News also stated that Chenavari\u2019s Toro Capital ABS fund had an annualized compounded return of 30% for the last three years, citing Barron\u2019s as the source of the performance figures.<\/p>\n
Rick Pendergraft
\nResearch Analyst
\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"
New York (HedgeCo.net) \u2013 Luxembourg-based hedge fund Chenavari Investment Managers joined the ranks of some other highly regarded hedge funds by selling a stake in the company to alternative investment firms. In the case of Chenavari, they sold a 10% […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048],"tags":[],"class_list":["post-50209","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=50209"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50209\/revisions"}],"predecessor-version":[{"id":50210,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50209\/revisions\/50210"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=50209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=50209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=50209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}