December 22, 2006
At Sowood, Hedge Fund Business And Private Equity Part Ways
Sowood Capital Management recently announced the formation of Denham Capital Management. The move will allow Sowood to divide its hedge fund and private equity fund management efforts into independent management companies. Altassets.com reports:
Denham anticipates that it will operate fully independent of Sowood as of 1 July 2007, according to a statement. Denham will manage approximately $2.3bn of invested and committed private equity funds at inception.
Read more: Sowood separates private equity from hedge fund business
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