Muirhead Holdings acquired Van Hedge Funds. Terms were not disclosed, said Thomas Whelan, CEO of Van Hedge Funds. The Van funds will be rebranded as Greenwich-Van Funds. Mr. Whelan will remain CEO of the family of five indexed hedge funds of funds, which have slightly less than $100 million in assets. George Farr, chairman of Muirhead, assumed the same title at Van Hedge Funds.
George Van, who founded Van Hedge in 1992, left the firm, Mr. Whelan said. Mr. Van is creating two new companies in Nashville, Tenn., his hometown; George Van & Co. will provide capital introduction services for hedge funds and investors, and Strategic Services will provide strategic and consulting advice to institutional money managers interested in hedge funds.