Ospraie Management, the US hedge fund firm run by commodities trader Dwight Anderson and part owned by Lehman Brothers, is to shut down its flagship fund and return money to investors.
Atticus puts Deutsche Börse stake in special vehicle (Fund News)
Atticus Capital has put its entire stake in Deutsche Börse, the German exchange, into a special limited vehicle to block redemptions by clients and boost its negotiating strength with management.
Gottex launches multi-asset investment program (Fund News)
Gottex, the asset management firm, has launched a global, multi-asset investment program that will invest in both alternative and traditional investments similar to those in which so-called U.S. super endowments invest.
Three private equity firms, Kohlberg Kravis Roberts, Hellman & Friedman and Bain Capital were told by Lehman that they remained in the bidding for its asset management arm.