Stories

  • Citadel Appoints Marketing Director

    January 11, 2008

    Michael Leder, a director at UBP Asset Management, has left to join Citadel Alternative Asset Management as its first director of marketing.

  • Hungry For More Acquisitions, Blackstone Pursues 'Regional' Hedge Funds

    January 10, 2008

    Blackstone is underrepresented in “regional” hedge funds and acquisitions are desired in this area, said Steve Schwarzman, chairman and CEO of The Blackstone Group, during a conference call this afternoon.

  • FRM Launches Seeding Platform

    January 10, 2008

    Financial Risk Management, the $14 billion fund of hedge funds firm in London, launched its first hedge fund seeding platform last month with $1 billion.

  • Weintraub Preps European Equities Strategy

    January 10, 2008

    New York-based Integre Advisors, an asset management firm founded by Manny Weintraub, is launching its second hedge fund, focused on European equities, March 1.

  • Bear Stearns Closes ABS Fund

    January 10, 2008

    Bear Stearns is closing its Bear Stearns Asset Backed Securities fund, abandoning a rescue plan after the fund dropped 39% in 2007, Bloomberg reports.

  • Bear, Fortress Considered Merger

    January 10, 2008

    Bear Stearns held preliminary talks with Fortress Investments about a possible merger weeks before former Chief Executive Officer Jimmy Cayne stepped down, people familiar with the matter told Financial Times.

  • Blackstone To Acquire Hedge Fund

    January 10, 2008

    Blackstone Group has agreed to acquire hedge-fund manager GSO Capital Partners for a deal that could be worth up $930 million.

  • Citi Alternatives Names Ex-Presidential Aide COO

    January 10, 2008

    Citi Alternative Investments appointed Jack Lew, former director of the Office of Management and Budget under President Bill Clinton, chief operating officer, HedgeWorld reports.

  • Frontier Capital Adds Two Partners

    January 10, 2008

    Frontier Capital Management has promoted two employees to partner: Chief Operating Officer Colin Hodges and Head of Investments David Cienfuegos.

  • General Atlantic Adds London MD

    January 10, 2008

    General Atlantic hired John Bernstein as a managing director in its London office as part of the firm’s plans to expand its presence in Europe.

  • Magnum Launches Multi-Manager India FoF

    January 10, 2008

    Magnum has launched a new India fund of hedge funds, Magnum India Fund, which invests in nine to 12 hedge fund managers with a variety strategies, including long/short large-cap and mid-cap equity, long-only small-cap equity and PIPES, event-driven/risk arbitrage, multi-strategy arbitrage and distressed debt.

  • Man Group Assets Up, Sales Slow

    January 10, 2008

    Man Group said Thursday its estimated funds under management increased to $71.7 billion by the end of December, from $68.6 billion in September, but net sales slowed, Reuters reports.

  • Norwegian Fund Debuts

    January 10, 2008

    Oslo-based Harpoon Capital Management will roll out its maiden hedge fund Jan. 22.

  • PE Fundraising Up 19% In 2007

    January 10, 2008

    U.S.-based private equity firms raised $302 billion across 415 funds last year a new record and 19% increase over 2006, Dow Jones Venture Wire reports, citing Dow Jones Private Equity Analyst data.

  • Private Equity Players Going Green

    January 10, 2008

    The World Bank Group private sector lending arm, IFC, announced it will make its first commitment to a third-party environment-focused private equity fund, Hindu BusinessLine reports.

  • TD Launches Canadian 130/30 Fund

    January 10, 2008

    TD Asset Management launched a 130/30 fund for Canadian investors, TD Emerald 130/30 Fundamental Canadian Equity Pooled Fund Trust, which employs long-only equity and long/short equity market neutral strategies, Hedgeweek reports.

  • Amaranth COO Winkler Resurfaces At Hudson Bay

    January 09, 2008

    Charlie Winkler, former coo of Amaranth Advisors, has joined hedge fund firm Hudson Bay Capital Management.

  • Antara AM Introduces Indian Hedge Fund

    January 09, 2008

    Antara Asset Management has launched Antara India Evergreen Fund with $10 million from Hong Kong’s SHK Asset Management, Asian Investor reports.

  • Armajaro To Reopen Commodity Fund

    January 09, 2008

    London-based Armajaro Asset Management will reopen one of its commodity hedge funds in February as it seeks to grow the strategy to over $1 billion.

  • Carbon Trading Fund Closes

    January 09, 2008

    London-based hedge fund Carbon Trading Fund has shut it doors, citing a lack of funds just two years after it opened, Bloomberg reports.

  • Carmignac Reopens L/S Fund

    January 09, 2008

    Paris asset manager Carmignac Gestion has reopened its maiden hedge fund, a long/short, market-neutral strategy.

  • Evolution Trader Resigns To Start Hedge Fund

    January 09, 2008

    Evolution trader Ali Mortazavi has resigned to start his own hedge fund but promised not to compete directly with his old employer, Financial Times reports.

  • GAM Launches Structured Investments

    January 09, 2008

    Specialist asset manager GAM has poached Julius Baer’s alternative risk trading team and renamed it GAM Structured Investments.

  • ING RE Wins EUR1.6B ABP Deal

    January 09, 2008

    ING Real Estate Fund landed a deal to take control of ABP’s EUR1.6 billion office investment portfolio KFN, Global Pensions reports.

  • Iraq Hedge Fund Down 5.4% In November

    January 09, 2008

    Godvig Capital’s Iraq-focused hedge fund, the Babylon Fund, saw its biggest redemption in November 2007, with a 5.4% loss.

  • Lightyear Adds Goldman Partner As MD

    January 09, 2008

    New York private equity firm Lightyear Capital has hired Goldman Sachs Partner Chris Casciato as managing director.

  • Scandium FoF To Add ABL Managers

    January 09, 2008

    Copenhagen-based Scandium Asset Management, which runs the only fund of hedge funds available to Danish retail investors, will expand its exposure to asset-based lending strategies.

  • Trafigura Sub Loses Director

    January 09, 2008

    Mark Thompson, director at Galena Asset Management, has quit the firm after seven years.

  • Yellowstone Launches Second Green Energy Fund

    January 09, 2008

    Yellowstone Capital Partners has opened its second alternative and renewable energy fund, Yellowstone Energy Ventures II, Houston Business Journal reports.

  • Activist Brog Picks Fight With Truck Stop Co.

    January 08, 2008

    Activist hedge fund investor Timothy Brog has begun a proxy contest against truck stop chain owner TravelCenters of America.

  • London Firm Plots Up To Five Launches

    January 08, 2008

    London-based Reech AiM Group plans on launching up to five funds this year in the natural resources/commodities and credit sectors.

  • Standard Pacific Vets Launch Fund

    January 08, 2008

    John Aborn and William Hockett, formerly of hedge fund firm Standard Pacific Capital, have formed Starpoint Capital and plan to launch its maiden hedge fund next month.

  • Adult Entertainment Fund Closes In On Acquisitions

    January 07, 2008

    AdultVest, the Beverly Hills-based private equity firm that seeks to match adult-entertainment businesses with qualified investors, is in the early stages of acquiring several U.S.-based gentlemen’s clubs and internet media companies.

  • Aberdeen PM Departs

    January 07, 2008

    Michael Nicol, fund manager at Aberdeen Asset Management, has left the firm.

  • Frankfurt Firm Preps €5 Billion Real Estate Fund

    January 07, 2008

    Nauerz & Noell, a €100 million Frankfurt-based hedge fund firm, is planning to boost assets under management by launching its first real estate fund, with a target capacity of €5 billion.

  • EIM Set To Double Long-Only Biz

    January 07, 2008

    EIM Group, the €14 billion Geneva-based fund of hedge funds firm, is seeking to more than double its long-only assets after moving into traditional investments for the first time about six months ago.

  • Swiss Firm Launches Multi-Strat Fund

    January 07, 2008

    Geneva-based Inoks Capital has launched a ‘best ideas’ fund that allocates to the most successful positions within its existing funds.

  • Bulldog Launching SPACs-Only Fund

    January 04, 2008

    Phil Goldstein's Bulldog Investors is launching Absolute Plus Fund dedicated to SPACs, or special purpose acquisition companies Jan. 15.

  • Distressed To Thrive At Expense Of Long/Short In '08

    January 04, 2008

    Investors are bullish on the distressed market this year, while directional long/short equity funds are emerging as a cause for concern.

  • Mitchell Debuts Small-Cap Fund

    January 04, 2008

    S. W. Mitchell Capital, the $2 billion London boutique led by ex-J O Hambro Investment Management partner Stuart Mitchell, has launched its second hedge fund.

  • Credit Markets Start Year Wider

    January 04, 2008

    In a slow trading week negative news pulled the credit markets wider with the CDX index again crossing the 500-basis-point barrier to ring in the new year.

  • Kim Launch Will Happen This Quarter Or Next

    January 04, 2008

    The long-awaited hedge fund managed by former Merrill Lynch executive Dow Kim is expected to launch this quarter, according to a Goldman Sachs cap intro document.

  • N.Y. Private Equity Firm Completes Agribusiness Refinancing

    January 04, 2008

    Provident Group last week completed a $50 Million equity expansion financing for Brazil Iowa Farms, a Royal, Iowa agribusiness that owns and operates farmland and a cotton gin in the Brazilian state of Bahia.

  • Antarctica Unveils Pair Of New Funds

    January 04, 2008

    New York fund of funds firm Antarctica Asset Management has launched one new strategy with plans to roll out a second next month.

  • Manager Bullish On Energy MLPs

    January 04, 2008

    Investors seeking uncorrelated, low-risk alpha this year should consider master limited partnerships (MLPs), fee-based midstream energy assets, said David Fleischer, principal, Chickasaw Capital.

  • ACAM Rehires Old CEO

    January 04, 2008

    Fund of hedge funds firm ACAM Advisors, with over $500 million under management, has hired Hiroto Satomi as CEO and CIO of the firm to replace Keith Danko.

  • K2 Offers Bank Debt Strategy

    January 04, 2008

    K2 Advisors has rolled out a fund of funds investing in five bank debt hedge funds. It seeded the portfolio with $25 million--proceeds generated by its March sale of a stake to TA Associates--and investors have since chipped in another $25 million.

  • Citi Wraps Up Peru CDO

    January 04, 2008

    Citigroup is wrapping up a $165 million cash collateralized debt obligation backed by 30 loans to microfinance institutions.

  • Currency Fund Gains With Year-End Sterling Short

    January 04, 2008

    Crystal Lake, Ill.-based KMJ Capital, a currency-only hedge fund, returned .89% last month, finishing up the year strong by shorting the British pound.

  • Stelzer Leaves Morgan Stanley

    January 04, 2008

    Scott Stelzer, head of Morgan Stanley's commercial mortgage-backed securities proprietary trading desk, has left the firm.

  • Thames River Hit By Ailing Infrastructure Co.

    January 04, 2008

    Thames River Capital's long/short mid-cap European equity offering, the Tybourne Fund, took a hit in November when its position in U.K. infrastructure support company Jarvis went south.

  • Horizon21 Seeks Relationship Managers

    January 04, 2008

    Horizon21, the Swiss fund management firm led by Rainer-Marc Frey, is seeking relationship managers to join its wealth management business, based in Zurich.

  • Legg Mason Offers EM Market Neutral Fund

    January 04, 2008

    Legg Mason International Equities has rolled out an emerging market market-neutral fund with a return target of 12-15%.

  • Analysts Fret Over Spanish Mortgages

    January 04, 2008

    The Spanish mortgage market faces deteriorating performance due to affordability issues exacerbated by rising interest rates and the fact that 97% of mortgages in the market have floating rates.

  • Dutch Firm Seeks Analysts

    January 04, 2008

    Amsterdam-based Insinger de Beaufort Asset Management, the alternatives-dedicated investment management arm of Dutch private bank Insinger de Beaufort, is seeking an analyst for its European equities team and one for its real estate equities team.

  • U.K. Incubator Eyes Third Fund

    January 04, 2008

    Noble Asset Management, a London-based hedge fund incubation firm, is weighing what would be its third fund launch and is expected to make a decision in the near-term.

  • Emerging Markets Not Kind To FX Player

    January 04, 2008

    Currency-only fund manager Pani Bekaert Pluim's PBP Global Partners Fund was flat in December and posted a 6% loss in November as part of a worldwide pullback in emerging markets currencies.

  • "Individuals and institutions like to avoid complexities."

    January 04, 2008

    --Chickasaw Capital Principal David Fleischer, on why master limited partnerships have been avoided despite a track record of superior returns.

  • Funds of Hedge Funds

    January 04, 2008

    The table below displays some of last year's top performing funds of funds, according to data provided by Eurekahedge. Funds are listed by year-to-date returns.

  • GLG Debuts Emerging Markets Funds

    January 04, 2008

    GLG Partners has launched two emerging market hedge funds.

  • Mandate Scoreboard

    January 04, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through Jan. 3.

  • One Year Ago In Alternative Investment News

    January 04, 2008

    Former portfolio managers from Goldman Sachs Asset Management and Sparx Asset Management formed Four Seasons Asia Investment and were preparing to launch a Japan-focused long/short equity strategy.

  • Search Directory

    January 04, 2008

    The following directory includes search and hire activity for the week. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. All amounts are in US$ millions unless otherwise stated.


 

Planning for a high-income year due to 457A income? Download this short paper to find out more about the opportunity to reduce tax liability and have significant charitable impact..

Click here for more details.


Latest Poll

Will a Trump presidency be good for hedge funds?

 - 17%
 - 83%

View previous results