Hedge Funds

Van Eck spins off Greylock

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At the start of the new year, Van Eck spun off its emerging markets debt fund group under the banner name Greylock. The new name reflects a new legal structure and general partnership that the emerging market debt group's hedge funds fall under, but Van Eck remains firmly onboard as a minority owner.

Beneath the hood, little has changed other than the name of the Van Eck Opportunity Fund, renamed the Greylock Global Opportunity Fund. The U.S. and offshore versions of the strategy gained about 1.7% in December, leaving returns at a solid 19.7% for the year. What