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’Peloton founder tries again
Geoff Grant, co-founder of failed hedge fund Peloton Partners, has succeeded in launching another fund, highlighting how quickly investors can forgive managers of failed funds. California-based Grant Capital Partners has backing close to $100m from Société Générale,
Peloton founder launches new fund
One of the founders of collapsed hedge fund Peloton Partners has already begun marketing a new fund, in the latest example of how quickly investors can forgive managers of failed funds. Geoff Grant, chief investment officer of Peloton,
Peloton puts offices on market
Peloton Partners, the stricken hedge fund manager, has put its plush offices in London’s Soho on the market just a week after its $2bn flagship fund collapsed with the loss of all investor money. Peloton is still in the process of winding down its remaining $1.6bn multi-strategy fund,
Peloton apologises for fiasco
Peloton Partners, the stricken London hedge fund manager, told investors Wednesday that its flagship $2bn fund was worthless and that it did not know how much would be left of its remaining $1.6bn fund after banks seized and sold some of its assets.
Brevan Howard to raise new fund
Brevan Howard, the $21bn London hedge fund, plans to raise $500m by listing a new fund, after its first listed vehicle returned 41% in its first year. The BH Global fund will invest about half its money in Brevan’s flagship fund,
ABX update
Down again. Steeply too. Hedge fund liquidations this time. We started with Peloton, and rumours – as yet unfounded – have been doing the rounds of others. Here is Tuesday’s closing graph, for the AAA 07-02 tranche:
Focus Capital forced to liquidate portfolio
Focus Capital, a $1bn New York hedge fund, has been forced to liquidate its portfolio after missing margin calls from banks, it told investors on Tuesday. The fund, which had produced strong returns by investing in Swiss mid-cap stocks since 2005,
Another hedge collapse in Focus
Focus Capital has sold its entire portfolio of Swiss mid-cap stocks after the New York hedge fund – which had $1bn at the start of this month – missed margin calls and was forced to sell by its two biggest banks.
Peloton crash fires fund fears
Fears of a hedge-fund meltdown are rippling through the City of London, with dozens more funds said to be close to following Peloton into collapse, reports The Times. Peloton began to liquidate its $9bn credit portfolio on Friday after coming under pressure from its bankers.
ABX sinks Peloton
Prime tranches on the ABX are set to fall further over the next few days. Current lows are thought to be on the back of some particularly grim remittance data – not yet public – detailing losses, delinquencies et cetera.
Peloton Partners in crisis sale
One of London’s most successful hedge funds imploded on Thursday when Peloton Partners put the assets of its $2bn flagship fund up for sale and froze its remaining fund after geared mortgage bets left it unable to meet lenders’ demands.
A hedge fund’s demise: the Peloton pile-up
Peloton Partners, which last year had one of London’s best performing hedge funds thanks to a bet against US subprime, is liquidating its $2bn ABS fund as a result of the continued deterioration in asset values.