Thomas Whelan, CEO, and George Van, Chairman of Van Hedge Funds LLC announced last week that Muirhead Holdings LLC of Greenwich, Connecticut, a holding company owned by Mr Whelan, has acquired the hedge fund index provider and research firm with immediate effect.
According to a company statement, Whelan will continue as CEO of Van while George Farr, Chairman of Muirhead Holdings, will become Chairman of Van.
"The Company's foundations rest solidly on the investment advisory, hedge fund index, and capital introduction businesses," observed Mr Whelan.
"George Van and I believe that these lines of business are best grown separately," he added.
Whelan and Van pointed out that, with the unprecedented growth of the hedge fund industry, opportunities for these lines of business are virtually unlimited.
Muirhead Holdings will rebrand the company as Greenwich-Van and will continue to operate the Company from its offices in Nashville, Greenwich and Hong Kong.
George Van is forming two new companies, a capital introduction company and a company to provide strategic advice to multinational companies expanding into hedge fund space.
Van's new businesses, initially to be based in Nashville, Tennessee, are George Van & Company, LLC for capital introductions and Strategic Services, LLC for strategic advice.
Founded in 1992 by George Van, Van Hedge has created the world's largest database of hedge funds and Van Hedge Fund Indices are recognized benchmarks for hedge fund performance around the world.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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