Stories

  • Energy Firm To Launch Water Strat

    February 21, 2008

    RNK Capital, with $1.2 billion under management, on March 1 will launch the Grey2O Fund, a long/short equity strategy.

  • MSS Opens Doors To Start-Ups

    February 21, 2008

    MSS Capital, the London-based firm which manages almost $1 billion in a fund of funds platform linked to the FTSE Group’s hedge fund index, is seeking managers for a new platform of start-up funds.

  • Aureos Sets Africa PE Fund Launch

    February 21, 2008

    Mauritius-based private equity firm Aureos Capital is preparing to launch its fourth Africa-focused fund, Aureos Africa Fund, in June.

  • Bear Stearns PE Buys Macquarie FoF Unit

    February 21, 2008

    London-based Bear Stearns’ private equity division announced it will acquire Australian bank Macquarie’s listed private equity fund of funds unit in a deal worth AUD115.5 million (USD105 million), Reuters reports.

  • Caliburn Adds Four To Equity Team

    February 21, 2008

    Caliburn Capital Partners has named Mike Curry, Lana Exertier, Apostolos Katsaris and Pawel Kisielewski equity partners, HedgeWeek reports.

  • Dubai To Commit $5B To India, China, Japan

    February 21, 2008

    Dubai Holding’s private equity division Dubai International Capital plans to invest roughly USD5 billion in India, China and Japan during the next three years, VC Circle reports.

  • Falconhead Sets Third PE Launch

    February 21, 2008

    Falconhead Capital, the New York-based private equity firm, is planning to launch its third fund in a year-and-a-half.

  • GAM Reopens Trading Fund

    February 21, 2008

    Julius Baer subsidiary GAM has reopened its Trading Fund to investors after seven years, Financial News reports.

  • Lionhart To Launch Private Equity Fund

    February 21, 2008

    Lionhart, the $800 million Toronto hedge fund firm, is about to roll out the Lionhart Talon Fund, its first private equity fund.

  • Northern Rock To Lose Three Directors

    February 21, 2008

    Three independent non-executives at Northern Rock are expected to resign this week when Executive Chairman Ron Sandler reveals his new board of directors, The Times of London reports.

  • Standard Chartered Closes SIV

    February 21, 2008

    Standard Chartered has given up on its USD7.2 billion structured investment vehicle after assets dropped, HedgeCo.Net reports.

  • Sun China Fund Looks Beyond Sub-Prime

    February 21, 2008

    Kevin Yip and Tammy Ching’s Sun China Fund launched in mid-2007 and returned 43% for the year, Asian Investor reports.

  • Three Canadian Hedgies Face Fraud Charges

    February 21, 2008

    The executive director of the British Columbia Securities Commission has issued a notice of hearing alleging that Alvin Lee Johnson, Heng Goh and Victor Schwab defrauded investors by illegally selling millions of dollars in securities, HedgeCo.Net reports.

  • Aberdeen Multi-Asset Fund To Include Alts

    February 20, 2008

    The Aberdeen Multi-Asset Fund plans to start investing in alternatives, expanding beyond its current portfolio of equities, bonds and cash.

  • Credit Suisse VP To Join Concordia

    February 20, 2008

    Vincent Phister, vice-president in the fund of hedge funds group at Credit Suisse’s Zurich office, has left the firm and will join Concordia Advisors, the London-based hedge fund firm, in March.

  • Distressed Shop Seeks Investors

    February 20, 2008

    New York-based Armory Advisors has begun marketing its sole hedge fund, a distressed strategy, for the first time.

  • Dutch Firm Eyes Energy

    February 20, 2008

    Amsterdam’s Aster-X Capital Management plans to increase its exposure to alternative energy stocks in the next few months.

  • Dynamic Makes First European Push

    February 20, 2008

    Dynamic Funds, the $25 billion Canadian asset manager, is targeting European investors for the first time in a bid to diversify away from the Canadian domestic market.

  • Eden Rock Readies Distressed FoF

    February 20, 2008

    Eden Rock Capital Management will launch a distressed opportunities fund at the end of March which aims to return more than 100%, hopefully within three years.

  • Family Office Launches Event-Driven Strategy

    February 20, 2008

    Judicial Capital has launched an event-driven, long-bias equity hedge fund, FINalternatives reports.

  • Lancer Owners Face 20 Years For Fraud

    February 20, 2008

    The Department of Justice is charging five employees of Lancer Group hedge funds with one count of conspiracy to commit mail, wire and securities fraud and six counts of wire fraud over a scheme that cost investors up to $200 million, Financial News reports.

  • Marshall Wace To List EUR1.4B Fund

    February 20, 2008

    Marshall Wace Chairman Sir Andrew Large announced plans to list a EUR1.4 billion fund in London to enhance liquidity and bolster the London Stock Exchange, Financial News reports.

  • Nedgroup Debuts Uncorrelated FoF

    February 20, 2008

    Nedgroup Investments, the international asset management arm of South African firm Nedbank Group, has launched its second fund of hedge funds.

  • Nestlé Brews Alts Increase

    February 20, 2008

    Nestlé’s £2.8 billion pension scheme is considering a range of alternative asset classes and may increase its existing 20% allocation.

  • Providence Names Former AOL Exec Advisor

    February 20, 2008

    Private equity firm Providence Equity Partners has hired former AOL Executive V.P. of Programming and Products, James Bankoff, as a senior advisor, AltAssets reports.

  • Skandia To Add Best Ideas Fund

    February 20, 2008

    Skandia Investment Group plans to launch a European best ideas fund that will build upon its existing group of best ideas funds.

  • Start-Up To Launch Delayed Credit Fund

    February 20, 2008

    Deister Capital Management, a New York start-up that hit a roadblock last year when its main seed investor pulled out, has lined up a replacement and will launch its credit fund in March.

  • VC Investment In China Reach $2.49B

    February 20, 2008

    Venture capitalists invested USD2.49 billion in China across 241 deals, AltAssets reports, citing the China quarterly venture capital report from Dow Jones VentureSource.

  • Mulvaney Stages January Comeback

    February 19, 2008

    Mulvaney Capital Management has continued the turnaround it began in December, returning 21.65% in January.

  • CDC Commits USD180 To PE

    February 19, 2008

    U.K. government-backed private equity investor CDC Group has committed USD180 million to four private equity funds in Latin America, bringing the group’s overall investment in Latin America to USD976 million, AltAssets reports.

  • Citigroup Stops HF Redemptions

    February 19, 2008

    To prevent a fire sale, Citigroup has halted investor withdrawals from CSO Partners, a hedge fund that focuses on corporate credit, Money Morning reports.

  • Hermes Seeks Board Changes At Italmobiliare

    February 19, 2008

    Italmobiliare, the Italian company that owns the world’s fifth-largest cement company, Italcementi, might increase the number of independent directors on its board in April, a move U.K. hedge fund Hermes would welcome, Financial Times reports.

  • India Considers USD5M Fund

    February 19, 2008

    The Indian government is considering creating a sovereign investment fund with USD5 million to start, in an attempt to support continued growth, acquire companies abroad and to buy coal mines and foreign oil and gas blocks, The Economic Times reports.

  • JPMorgan Earmarks USD750M For Asia PE

    February 19, 2008

    JPMorgan has set aside USD750 million for private equity investments in Asia, VC Circle reports.

  • Mellon Hungry For Converts, L/S Credit

    February 19, 2008

    Mellon Global Alternative Investments is changing the thematic weightings in its funds of funds.

  • Oxford To Buy Mortgage Pool

    February 19, 2008

    Oxford Funding Corp. announced that its hedge fund, Oxford Opportunistic Mortgage Fund, reached an agreement to buy its first pool of mortgages worth USD5.3 million.

  • Salus Alpha Launches Two Funds

    February 19, 2008

    Salus Alpha has launched two new UCITS III-compliant funds, Salus Alpha Event Driven and Salus Alpha Managed Futures.

  • Zeta To Shut Down, Relaunch

    February 18, 2008

    Zeta Fund, the $6 billion private investment club, is winding down and plans to spin off about six of its internal hedge fund strategies as separate funds, each of which will launch with around $500 million.

  • Pamplona Expands Team

    February 15, 2008

    London-based alternatives firm Pamplona Capital Management is seeking to expand its 36-strong team by hiring up to five people across the investment management and sales divisions of its London office.

  • London Shop Launches Market Neutral FoF

    February 15, 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.

  • N.Y. FoF Launches Feeder Fund

    February 15, 2008

    New York and Albany, N.Y.-based fund of funds firm Meridian Capital Partners, with over $3 billion in assets, launched a leveraged feeder fund for U.S. investors at the start of the year with $36 million.

  • Bear Analyst To Join Healthcare L/S Fund

    February 15, 2008

    Rajeev Jashnani, healthcare equity analyst at Bear Stearns, is leaving the firm to take the same role at Sivik Global Healthcare, an $800 million hedge fund firm in New York.

  • Safdié Makes Push With FoF

    February 15, 2008

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

  • Venus Eyes Trio Of India Launches

    February 15, 2008

    Cambridge, Mass.-based Venus Capital Management is preparing to launch three India-focused hedge funds by mid-year.

  • Omni Seeks Analysts

    February 15, 2008

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

  • Horseman Launches U.S. Fund

    February 15, 2008

    Horseman Capital Management has launched a version of the Horseman Europe Select Fund for U.S. taxable investors.

  • Fund Analytics Mulls More FoFs

    February 15, 2008

    London firm Fund Analytics Investment Management is considering rolling out two more funds of funds, pending the success of its European equity market-neutral fund of hedge funds, which launched in January.

  • "I feared my eardrums were getting bruised in Brussels by the army of pro-regulation junkies and lobbyists who wanted me to 'tackle' private equity, hedge funds, and sovereign wealth funds."

    February 15, 2008

    --Charlie McCreevy, European commissioner for internal markets, defending alternatives against those calling for more regulation.

  • Aussie Bourse Investigate Hedge Collusion

    February 15, 2008

    The Australian Securities Exchange’s Head of Supervision Eric Mayne said the bourse will investigate allegations that hedge funds are plotting to drive down shares of major Australian companies, News.com.au reports.

  • Bramdean Plans East Move

    February 15, 2008

    Bramdean Asset Management CEO Nicola Horlick is seeking to boost her fund’s exposure in the East amid the Western decline, Reuters reports.

  • Citigroup Halts CSO Partner Redemptions

    February 15, 2008

    Citigroup has put a freeze on redemptions from its CSO Partners Hedge Fund, a corporate debt fund, after investors tried to pull more than 30% of the fund's $500 million in assets, The Wall Street Journal reports.

  • Credit Suisse Adds To Aussie Division

    February 15, 2008

    Credit Suisse has hired Jerome Lander as a director and head of international equities and portfolio of diversified assets for its Australian asset management business.

  • Funds of Hedge Funds

    February 15, 2008

    The table below displays some of last month's top performing long/short managers, according to data provided by Eurekahedge.

  • Hedge Fund Assets Reach USD2.8T

    February 15, 2008

    The combined assets of the global hedge fund industry increased by nearly 4% in the fourth quarter of 2007, to an estimated USD2.79 trillion, according to a report from HedgeFund.net and Institutional Investor News, HedgeWeek reports.

  • Mackay Shields Launches High-Yield Fund

    February 15, 2008

    MacKay Shields and New York Life Investment Management have launched a 130/30 fixed-income fund, MainStay 130/30 High-Yield Fund, reports International Fund Investments.

  • Mandate Scoreboard

    February 15, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through Feb. 13.

  • Meisenbach Liquidating Four Funds

    February 15, 2008

    Meisenbach Capital, a USD125 million hedge fund, is liquidating and closing four funds, Founder Mark Meisenbach said in a Feb. 11 letter to investors, Reuters reports.

  • One Year Ago In Alternative Investment News

    February 15, 2008

    London-based funds of hedge fund firm Financial Risk Management contemplated launching a hedge fund seeding platform.

  • Quant Strategies Fueled Financial Fire

    February 15, 2008

    Quantitative strategies are "partly guilty" of market distortion as "sudden de-levering" helped intensify equity market corrections, Barclays Capital has revealed in its Equity Gilt Study 2008, IPE reports.

  • Search Directory

    February 15, 2008

    The following directory includes search activity for the week.

  • Farming Fund Ploughs Into Ukraine

    February 11, 2008

    Alpcot Capital Management, a London-based alternatives firm focused on the agriculture industry, is expanding its Russian farming fund to incorporate investments in Ukraine.


 

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