Well known hedge fund magnate and philanthropist George Soros is to launch a new venture as part of his Soros Management Fund that will focus on the financing of distressed and junk rated firms, a report in the Financial Times stated this week.
The new company will be known as SFM Capital and will become the third entity attached to the larger Soros Fund Management group, which has some $47.4 billion in hedge funds and $4 billion in private equity.
According to SFM's chief executive Mark Schwartz, the new investment firm intends to "pursue investment opportunities in a range of situations, including senior secured loans to non-investment grade companies, mezzanine loans, receivables and mortgages, subordinated securities, and distressed asset purchases and workouts," the FT quoted him as saying.
SFM Capital has drafted former Goldman Sachs chief information officer to the post of chief executive.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment