Hints and tips:
...Multi-manager hedge fund Freestone Grove Partners, led by a former Citadel portfolio manager, launched with $3.5bn last week, according to one person with knowledge of the matter....
...“In the Grove there’s literally peacocks that walk across the street. You have to be really careful driving.”...
...“Every time you turned around, they were raising funds,” says Greg Bohlen, co-founder of Union Grove Venture Partners, a previous investor in Tiger Global....
...All of this provides just enough financial diversification that the ranch can have fewer cows, so that even in dry years there is enough pasturage....
...Worse, what was hailed as Apollo’s signature trade of the financial crisis devolved into a generational feud at the firm....
...The contingent value right entitles holders to a cash payment linked to the volume of certified resource to be contained in the Elk-Antelope fields....
...which can trace its origins back to an 18th century rum distributor to the British Royal Navy — announced the purchase of Boston-based hedge fund Numeric for $325m, and the US fund of hedge funds Pine Grove...
...gary.silverman@ft.com ——————————————- Letter in response to this article: Lessons from an icy tale based on reality not fiction / From Richard Davis, Elk Grove, CA, US, (Colonel, US Air Force, Retired...
...steamroller” – the metaphor by which high-octane, high-borrowing hedge fund strategies used to be known – are still a distant thing of the past, even with individual blow-ups such as those of Platinum Grove...
...Its US portfolio reveals a collection of mid-sized companies based in towns with folksy names such as Middleton, Wisconsin; Maple Grove, Minnesota and Elk Grove Village, Illinois....
...Shareholders in HRE, the biggest German casualty of the financial crisis, will be given the chance to sell their holdings at a maximum price of €1.26 a share....
...In Elk Grove, a suburb of Sacramento in northern California, a quarter of a mile separates the local branch of Longs Drug stores from a rival branch of Walgreens, the national drugstore chain....
...The investment is JC Flowers’ second in Germany’s financial sector....
...Even John Meriwether and Myron Scholes of LTCM managed to set up their own funds, after a $4.6bn loss at the group took the global financial system to the brink of crisis in 1998....
...The consortium bidding for the HRE stake includes Shinsei Bank and Grove International Partners....
...On the southern half of the island, healthy-looking olive groves slope down to a spectacular sapphire blue sea. All this makes a holiday on Zakynthos a tranquil, restful, well-fed affair....
...The company, floated by former cricketer Phil Edmonds and mining entrepreneur Andrew Groves, rose a further 32.7 per cent to 99.5p....
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