Ex-Goldman executives rumored to target $4bn for fund (Fund News)
Bloomberg reports that Mount Kellett Capital Management LP, the investment firm founded by two former Goldman Sachs Group Inc. (GS) executives, plans to raise a new fund matching the $4bn gathered in 2012 by its last global special-situations vehicle, according to two people familiar with the matter.
Paulson to open second real estate fund (Fund News)
Bloomberg reports that Billionaire John Paulson is starting another private-equity fund to invest in real estate, marking the second time this month that his money-management firm has revealed plans to raise additional assets.
Lansdowne exits Prudential short after ‘meaningful’ losses (Fund News)
Bloomberg reports that Lansdowne Partners Ltd., the biggest European hedge-fund firm focused on stock picking, said it abandoned a more than four-year bearish bet against Prudential Plc (PRU) after suffering “meaningful” losses.
Benros Capital Partners LLP, a London hedge fund founded by former Goldman Sachs Group Inc. (GS) traders, is shutting down after less than two years as shareholder Brummer & Partners AB pulled its investment.