|
|
Article: Restructuring A Hedge Fund; Battered hedge funds bring on third parties to navigate what promises to be markedly different terrain.(Hedge Funds)
- Article from:
- Investment Dealers' Digest
- Article date:
- January 5, 2009
- Author:
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Gerelyn Terzo
It's been said that a failure is a person who has blundered but is not capable of cashing in on that experience.
Mitchell Kaye is no failure. In fact, he's poised to use the collapse of a hedge fund he once ran years ago to help floundering funds stay afloat, in the nascent business of hedge fund restructuring.
The managing director at Navigant Capital Advisors spent more than a decade in asset management, including co-founding a $600 million fund in the mid-1990s. That fund collapsed, however, as a result of massive redemptions. Now, with the industry under siege and hemorrhaging cash (and trust), the services of his firm ...