Stories

  • BoNY Ups Asia Alternative Services

    February 14, 2008

    Bank of New York Mellon has hired Kate Colchester as v.p. of sales for Asia for the firm's alternative investment services group, HedgeWeek reports.

  • Brevan Howard Preps Multi-Strat Fund

    February 14, 2008

    Brevan Howard is prepping a multi-strategy offering that is expected to launch in the coming months, FINalternatives reports.

  • Clear Trade To Launch $12B Fund

    February 14, 2008

    Private equity firm Clear Trade will launch a USD12 billion fund that will invest in future power and infrastructure projects in the U.S. over a five-year period, Business Standard reports.

  • Dalton Strategic Launches North America Fund

    February 14, 2008

    Dalton Strategic Launches North America Fund Dalton Strategic Partnership has launched the offshore Melchior Selected Trust North America Opportunities Fund, which mirrors the investment strategy of the Melchior North America Opportunities Fund.

  • GLG Debuts Mining Fund

    February 14, 2008

    GLG Partners has rolled out its first fund to be focused on the mining sector.

  • HSBC Preps New Shariah Funds

    February 14, 2008

    HSBC Group’s Islamic financial services division, HSBC Amanah, is developing new Islamic funds, Gulf Times reports.

  • Infinity Names News Partner

    February 14, 2008

    Private equity firm Infinity Asset Management has named John Hunt as a partner, AltAssets reports.

  • London Manager Sets Currency Fund Launch

    February 14, 2008

    Currency manager The Cambridge Strategy plans to launch the Asian Markets Alpha Currency Hedge Fund at the end of February with $31 million under management, HedgeWorld reports.

  • P/E Pros Bemoan Bad Image

    February 14, 2008

    Reports of inflated earnings for private equity managers, along with lengthy lockup periods and a long wait for returns, have led to a negative public perception of the industry, according to panelists at the Opal Financial Group’s Institutional Investors’ Congress in Vienna on Feb. 7 and 8.

  • Torrey Launches Asia Fund

    February 14, 2008

    Torrey Pines Capital Management has launched Torrey Pines Asia Fund to the public after three months of trading with company capital, FINalternatives reports.

  • Touradji Expands To Asia

    February 14, 2008

    Paul Touradji’s $3 billion New York hedge fund firm, Touradji Capital Management, has opened an office in Singapore, its first in Asia.

  • Alliance Hires Ex-Blackrock MD

    February 13, 2008

    Alliance Trust has hired Edward Troughton as managing director of asset management distribution.

  • Aussie Fund Invests In Infrastructure

    February 13, 2008

    ANZ Australian Staff Superannuation Scheme, the pension fund for banking corporation ANZ with assets over AUD2 billion (GBP915 million), has invested in infrastructure for the first time.

  • AXA Expands FoF Business

    February 13, 2008

    Axa Investment Managers has hired Rajiv Jaitly, Sharmila Soosaipillai and Shiblee Alam, who will work in its fund of hedge funds division.

  • Brazilian FoF To Focus On Existing Offering

    February 13, 2008

    São Paulo-based Bank Safdié aims to double assets to $300 million in its Safdié LatAM Fund by midyear.

  • Calif. VC Firm Holds First Close

    February 13, 2008

    Menlo Park, Calif.-based venture capital firm BlueRun Ventures has held a first closing for its latest fund, at $200 million.

  • Falconhead Acquires Cycling Publisher

    February 13, 2008

    New York-based private equity firm Falconhead Capital has acquired Inside Communications, a Boulder, Colo.-based cycling and sports publishing house.

  • GE Backs Woman-Run Fund

    February 13, 2008

    Carrie McCabe, former chief executive officer of Blackstone Alternative Asset Management and FRM Americas is launching a new hedge fund firm backed by General Electric's asset management unit, Reuters reports.

  • Goldstein Puts Pressure On Franklin Templeton

    February 13, 2008

    Phil Goldstein's Bulldog Investors has moved to force Franklin Templeton Investments to convert its closed-ended mutual fund, Franklin Universal Trust, into an open-ended structure.

  • London Shop Launches Market Neutral FoF

    February 13, 2008

    London-based Fund Analytics Investment Management has launched a fund of European equity market-neutral hedge funds based on a manager selection model developed by Director Amir Sajjadi.

  • Merrill Head Leaves For Hedge Fund

    February 13, 2008

    Merrill Lynch's Graham Goldsmith, head of corporate principal investments, is leaving for hedge fund Strategic Value Partners, Bloomberg reports.

  • N.Y. Start-Up To Launch Clean Energy Fund

    February 13, 2008

    Vertus Capital Partners, a New York-based start-up hedge fund firm, will launch its debut fund on March 1.

  • New Mexico Seeks Hedge Fund Investment Caps

    February 13, 2008

    Rep. Teresa Zanetti of New Mexico is pushing a bill that would cap the amount the New Mexico State Investment Council can invest in hedge funds, New Mexico Business Weekly reports.

  • Omni Seeks Analysts

    February 13, 2008

    Omni Partners, the London-based event-driven hedge fund firm, is seeking to expand its five–strong team with the appointment of up to three analysts in the next three months.

  • UBS Expands Hedge Fund Coverage

    February 13, 2008

    UBS hired Michael Arbus from TD Securities, Globe and Mail reports.

  • Conn. Firm Eyes Asia Expansion

    February 12, 2008

    New Canaan, Conn.-based J.H. Whitney Investment Management plans to grow assets in its Asian strategies to $2.5 billion from $1.5 billion and expects to make a business development hire in Singapore to lead the push.

  • McCreevy Hits Out At Regulation ‘Junkies’

    February 12, 2008

    Charlie McCreevy, European commissioner for internal markets, has defended alternative investments against lobbyists who have called for more regulation of the industry.

  • Diapason Adds Currencies To Fixed-Income Fund

    February 12, 2008

    Lausanne, Switzerland-based Diapason Commodities Management, with $7 billion under management, will add sterling, yen and South African rand tranches to its fixed-income strategy over the next few months.

  • Event-Driven Firm Launches Fund

    February 12, 2008

    Swiss firm Pergamon Capital Partners is offering its European event-driven strategy as a pooled fund for the first time, having previously run it solely via managed accounts.

  • Randy Smith Opens Up To Investors

    February 12, 2008

    Smith Management, the New York-based family office that manages the money of renowned venture capitalist Randy Smith, is seeking to grow its India-focused hedge fund to $1 billion by taking in external assets for the first time.

  • FoF Assets Up 32% In 2007

    February 12, 2008

    The funds of hedge funds industry experienced strong growth in 2007, with assets under management up 32%, HedgeWeek reports citing an InvestHedge survey published by HedgeFund Intelligence.

  • GIMV, KBC Start JV For Russia

    February 12, 2008

    Belgian-based private equity firms GIMV and KBC Private Equity have teamed up to create a new firm to target the Russian market called Eagle Capital Partners, AltAssets reports.

  • HRJ Closes VC FoF At USD273M

    February 12, 2008

    HRJ Capital has closed its fifth venture capital fund of funds with USD273 million, Private Equity Online reports.

  • LDV Preps Activist Fund

    February 12, 2008

    LDV Capital Management is preparing to launch its maiden hedge fund, Three Rivers Activist Fund, in the next few months, FINalternatives reports.

  • London Popular For EM Hedge Funds

    February 12, 2008

    London is the most popular place to domicile hedge funds investing in emerging markets, the Financial Times reported, citing Hedge Fund Research.

  • Lyceum Closes Fund

    February 12, 2008

    Lyceum Capital announced the final closing of Lyceum Capital Fund II, at GBP255 million

  • Michigan Hedge Fund Team Hit With Fraud Fine

    February 12, 2008

    A husband-and-wife pair has been ordered to pay a USD3.1 million fine for allegedly defrauding investors in their hedge fund, FINalternatives reports.

  • Sailfish Capital To Close

    February 12, 2008

    Slammed by bad trades in the credit markets, Mark Fishman has begun closing the fund he co-founded, Sailfish Capital Partners, which managed USD2 billion six months ago, The New York Times reports citing investors.

  • Horseman Says Whoa!

    February 11, 2008

    London-based Horseman Capital Management is increasing the short exposure of the Horseman Emerging Markets Opportunities fund.

  • Toronto Firm Preps Fifth Launch

    February 11, 2008

    Front Street Capital, the $1.3 billion Toronto-based hedge fund firm, is preparing to launch its fifth fund March 1.

  • Aussie Firm Gears Up For Hard Close

    February 11, 2008

    Sydney-based private equity firm Taurus Funds Management will hard-close its flagship fund either on June 30 or when it reaches $300 million, whichever is first, according to Gordon Galt, founder and portfolio manager.

  • Bear Stearns Faces Indictment

    February 11, 2008

    Bear Stearns is facing a possible federal indictment over the collapse of two hedge funds last year, CNBC reports.

  • CFTC Files Injunction Against Raptor

    February 11, 2008

    The U.S. Commodity Futures Trading Commission has filed an order of permanent injunction for fraud against Christian Kis, the head of hedge fund Raptor Capital, FINalternatives reports.

  • Dunne Succeeds Lowe At JPM FoF

    February 11, 2008

    JP Morgan Asset Management (JPMAM) has named Daire Dunne co-manager on its multi-manager fund of funds following Jonathan Lowe’s relocation to Hong Kong, Citywire reports.

  • EUR1.8B Dutch Pension To Double Alt Exposure

    February 11, 2008

    The EUR1.8 billion occupational pension funds for physiotherapists, Stichting Pensioenfonds voor Fysiotherapeuten (SPF), is looking to almost double its hedge fund investments, to 15% from the current 8%, investment committee member Peter van de Ven told IPE.

  • First Avenue Launches Incubation Fund

    February 11, 2008

    First Avenue Partners announced the launch of FAP Hedge Fund Opportunities Fund, a hedge fund incubation strategy, which launched with EUR100million from German insurer Gothaer.

  • Goldman Acquires 19.9% Capula Stake

    February 11, 2008

    A Goldman Sachs private equity fund has bought 19.9% of London hedge fund firm Capula Investment Management, estimated at USD100 million, Financial Times reports.

  • Moore Tader To Start USD2.5B Fund

    February 11, 2008

    Moore Capital trader Tim Leslie is set to spinoff the firm’s credit strategy with 30 other Moore employees, Financial Times reports.

  • Morgan Stanley Plans India Fund

    February 11, 2008

    Morgan Stanley is starting an equity fund in India, Morgan Stanley Across Capitalizations Equity Fund, that will be benchmarked against the Bombay Stock Exchange 200 Index, Bloomberg reports.

  • North AM Taps Goldman For Partner

    February 11, 2008

    London-based North Asset Management has hired Gerard Gardner as a partner from Goldman Sachs.

  • Octavian Adds Distressed Pros

    February 11, 2008

    New York-based special situations firm Octavian Advisors, with $1.1 billion under management, has made two hires for its distressed debt team.

  • QIM Launches Two Quant Funds

    February 11, 2008

    Quantitative Investment Management has introduced two new hedge funds, Quantitative Tactical Fund and the Quantitative Fund, FINalternatives reports.

  • Stat Arb Firm Readies Fund

    February 11, 2008

    London- and Paris-based Neledhia Capital Management will launch its first fund, a statistical arbitrage offering, in the next few months.

  • UAE Fund Coming To Europe

    February 11, 2008

    United Arab Emirates-based Mashreq plans to offer its Arab Tigers Fund in Europe.

  • Lehman To Split Off Structured Finance Team

    February 08, 2008

    A team of seven senior principals from Lehman Brothers' global securitized products team will split off as One William Street Capital Management and launch a hedge fund with over $1 billion next quarter.

  • Polar Disconnects Ailing Tech Fund

    February 08, 2008

    Polar Capital Partners, the $3.6 billion London firm, has shut down its technology hedge fund because of poor performance.

  • Alden Plots MENA, Canada Funds

    February 08, 2008

    New York-based Alden Global Capital is preparing to launch two hedge funds in the next two-three months.

  • "We had a bad year, but we raised more money than we lost."

    February 08, 2008

    LaGrange Capital Partners' Founder Grange Johnson on his fund's poor performance. Despite being down 7.38% through October, the firm is actively marketing the event-driven strategy.

  • Citadel Promotes Within For COO

    February 08, 2008

    Citadel Investment Group has promoted Chief Financial Officer Gerald Beeson to chief operating officer, effective Feb. 1.

  • Danish Security Clears Five New Funds

    February 08, 2008

    The Danish Financial Supervisory Authority has approved five new hedge funds, Nordic News reports citing Børsen.

  • Funds Of Hedge Funds

    February 08, 2008

    The table below displays some of last year’s top performing funds of funds, according to data provided by Eurekahedge.

  • Greenwich Investment Considers Closing

    February 08, 2008

    New York-based Greenwich Investment Partners, a specialist in long/short equity management, might be closing, FINalternatives reports.

  • Hedge Fund Strategy Performance - December 2007

    February 08, 2008

  • Hedge Funds Down 2.45% January

    February 08, 2008

    Hedge fund adviser Hennessee Group announced the Hennessee Hedge Fund Index dropped -2.45% last month, compared with the S&P 500, -6.12%, Dow Jones Industrial Average, -4.63%, and Lehman aggregate bond index, which gained 1.92%.

  • London Cable Outage Hits Hedgies

    February 08, 2008

    A broken communications cable in London’s Mayfair district Thursday afternoon halted business for many hedge fund portfolio managers, HedgeWorld reports.

  • Mandate Scoreboard

    February 08, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through Feb. 6.

  • Marine Launches U.K. Shipping Fund

    February 08, 2008

    London-based Marine Capital has launched Eclipse Shipping, the U.K.’s first major investment fund to offer direct access to the global shipping sector.

  • Matrix To Launch EM Fund

    February 08, 2008

    Alternative investments firm Matrix is launching a new fund of hedge funds, Matrix Emerging Markets Index Fund, which aims to mirror the diversification and volatility qualities of the Eurekahedge Emerging Markets Index, Citywire reports.

  • One Year Ago In Alternative Investment News

    February 08, 2008

    Eden Rock Capital Management, the $2 billion London-based fund of funds firm, prepared to launch a structured finance fund March 1 with a medium-term target size of $1 billion.

  • Search Directory

    February 08, 2008

    The following directory includes search and hire activity for the week.

  • Six Dow Jones Hedge Fund Strategies Down

    February 08, 2008

    January hit hedge funds hard with all six hedge fund strategies covered by Dow Jones hedge fund indexes down.

  • Soros Buys 3% Of India’s Reliance Entertainment

    February 08, 2008

    George Soros acquired a 3% stake in Reliance Entertainment for USD100 million, VC Circle reports.

  • Calif. Firm Replaces Portfolio Managers

    February 07, 2008

    Tiburon, Calif.-based Hovan Capital Management has replaced two of its portfolio managers after President and CIO Kurt Hovan became unhappy with their work.

  • CMA Targets Onshore French Mart

    February 07, 2008

    Capital Management Advisors, the $3 billion Geneva-based fund of hedge funds firm owned by private banking group EFG International, is making its first push into the onshore French market as interest in hedge funds grows among French investors.


 

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