Listed on the London Stock Exchange, QIF was incorporated as a closed-end investment company on the Isle of Man in 2007.
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PaineWebber also acquired Abbott, Proctor & Paine in 1970, the Abacus Fund, a closed-end investment company in 1972, Mitchum, Jones & Templeton Inc. in 1973. In 1977, the firm acquired investment research and advisory firm Mitchell Hutchins, which had been founded in 1919. Two years later, in 1979, the company acquired Blyth, Eastman Dillon & Co., which itself was the product of a number of mergers.
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Tetragon Financial Group was founded in 2005. It is registered in Saint Peter Port, Guernsey in the Channel Islands and headquartered in the United Kingdom. In 2007, TFG went public with an IPO, selling at $10/share, as an Amsterdam-listed closed-end investment company on Euronext. In 2010, Tetragon acquired Lyon Capital Management LLC (“LCM”) and established a joint venture with John Carrafiell, Sonny Kalsi and Fred Schmidt of GreenOak Real Estate. In October 2012, TFG purchased Polygon Management (“Polygon”).
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A Business Development Company ("BDC") is a form of unregistered closed-end investment company in the United States that invests in small and mid-sized businesses. This form of company was created by Congress in 1980 as amendments to the Investment Company Act of 1940. Publicly filing firms may elect regulation as BDCs if they meet certain requirements of the Investment Company Act. BDCs were created to provide small and growing companies access to capital and to enable private equity funds to access public capital markets.
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It also manages Third Point Reinsurance, a property and casualty reinsurer, and Third Point Offshore Investors, a UK-based closed-end investment company. Third Point's funds include: Third Point Partners, Third Point Opportunities Master Fund, Third Point Ultra Master Fund, and Third Point Resources. Third Point Ventures, its capital arm, invests in startup technology alternative energy and clean technology companies. Headquartered in New York City, the firm also has six additional offices: in Sunnyvale, California; Los Angeles, California; Stamford, Connecticut; Bangalore, India; Hong Kong; and London.
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In addition to several books, he has also written influential articles, including "The Valuation of Closed-End Investment Company Shares," Journal of Finance (1977). This article discussed the puzzle of why closed-end fund companies typically trade at market valuations lower than the net value of their assets. If net asset value and market capitalization are only two ways of measuring the same thing, then why is there a consistent difference between them? Malkiel discussed, and discarded, the hypothesis that the discount is due to the management fees.
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Chris Rynning (born August 14, 1967) is the founder of nHack, advisor to the Norwegian state-owned investment fund Investinor, author, entrepreneur, and financial commentator. Rynning has self-published two books about China, Little Streams, Big River (2013) and China AI: How China Will Dominate AI and Blockchain Technology (2018), and publishes a newsletter on Chinese economics and financial events. From December 2006 until January 2015, Rynning was CEO of the London Alternative Investment Market listed Origo Partners PLC. Origo is a closed-end investment company which holds a portfolio of unquoted interests and illiquid publicly traded equity interests in companies based or principally active in China and Mongolia.
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New Mountain’s private equity strategy seeks to acquire the highest quality leaders in carefully selected “defensive growth” industries, and then build those businesses. New Mountain can acquire majority control equity positions through its private equity flagship funds, or minority equity positions through its strategic equity strategy. New Mountain manages credit investments through New Mountain Finance Corporation, a closed-end investment company that is listed on the New York Stock Exchange until 2020 when it was moved to Nasdaq (Ticker: NMFC) and several private credit strategies. New Mountain Capital’s credit strategies seek to generate current income and capital appreciation through investments in debt securities at all levels of the capital structure. New Mountain manages public equity portfolios through New Mountain Vantage Advisers (“Vantage”), which are designed to apply New Mountain's established strengths as an acquirer and builder of businesses toward non-control positions in the U.S. public equity markets generally. New Mountain’s Net Lease strategy seeks to acquire operationally critical real estate assets from sponsor-backed companies in “defensive growth” industries.
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