Stories

  • Cohen & Steers Faces Proxy Battle Over Funds

    March 07, 2008

    In New York, Cohen & Steers Inc, a publicly traded money-management firm, could face a proxy battle from a hedge fund over two of its closed-end funds, reports the Wall Street Journal.

  • GLG Holds Talks To Buy Tisbury

    March 07, 2008

    GLG Partners, Europe's second-biggest hedge fund manager, is in talks to acquire Tisbury Capital in one of the first signs of consolidation in the sector since the crisis in the debt markets.

  • Gore Invests $35 Million In Hedge Funds

    March 07, 2008

    Former U.S. Vice President Al Gore left the White House with less than $2 million in assets, including a Virginia home and a family farm in Tennessee.

  • Hedge Fund Tells Congress It Won't Undercut Rail Safety

    March 07, 2008

    In Washington, The Children's Investment Fund, the activist hedge fund that is seeking to shake up the management structure at CSX Corp. (CSX), defended its campaign before a House panel Wednesday.

  • Hedge Funds Worldwide Show Losses

    March 07, 2008

    Hedge funds worldwide bled more red ink in February after delivering their worst-ever returns in January, investors and industry analysts said, noting that ongoing declines could force dozens of managers to close down, according to Reuters.

  • Lyceum Targets Legal Services Sector; Hires Three

    March 07, 2008

    UK mid-market private equity firm Lyceum Capital is targeting investment opportunities in the legal services sector, which should arise from the Legal Services Act 2007.

  • Magenta Director Valerio Boccardi Joins Palamon

    March 07, 2008

    European mid-market buy-out firm Palamon Capital Partners has appointed Valerio Boccardi as a vice president, based in London.

  • Morgan Stanley To Invest AUS$750m In Learning Care

    March 07, 2008

    Morgan Stanley Private Equity has agreed to acquire a 60% stake in U.S. childcare business Learning Care Group, from Australian parent company A.B.C.

  • Altira Closes $178m Fund

    March 06, 2008

    Energy technology-focused venture firm Altira Group has closed its fifth fund, Altira Technology Fund V, at $176 million.

  • Ascalon Launches Global Commodity Fund

    March 06, 2008

    Ascalon Capital Managers and H3 Global Advisors have announced the launch of the Ascalon H3 Commodities Fund, which promises to deliver strong returns despite the market downturn, according to www.moneymanagement.com.au.

  • Eddington Preps Concentrated FoF

    March 06, 2008

    London-based Eddington Capital Management, with $195 million in assets, will launch a fund of hedge funds on April 1 to take advantage of opportunities in the equity markets.

  • Gresham Sells Giles To Charterhouse Capital

    March 06, 2008

    U.K. mid-market private equity firm Gresham Private Equity has exited its investment in insurance broking company Giles through its sale to Charterhouse Capital Partners.

  • Paragon Unveils Offshore Fund

    March 06, 2008

    Paragon Capital has launched an offshore version of its secured debt hedge fund.

  • Pension Funds Eye Blackstone Stock

    March 06, 2008

    If it continues to fall, Washington State Investment Board, a $65 billion U.S. public pension fund manager, is eyeing an investment in Blackstone Group’s New York-listed stock as a way to buy into the alternative asset management company.

  • Pequot Capital Spins Off Venture Capital Unit

    March 06, 2008

    New York-based Pequot Ventures, which has about $2 billion in capital commitments and $1 billion in capital under management and uncalled capital, will separate from Connecticut-based Pequot Capital Management, which manages more than $7 billion in hedge fund assets, on June 30, according to FINalternatives.com.

  • 360 Launches Japan Long/Short Fund

    March 05, 2008

    London-based 360 Asset Management has launched the 360 Japan Long Short Hedge Fund, according to asianinvestor.net.

  • Argo Hires Ex-Morgan Stanley Pro

    March 05, 2008

    Argo Capital Management, the $1.1 billion London emerging market debt firm, has hired Demetris Efstathiou in a new role as director and the fifth member of its investment committee.

  • Asia Trade Finance Firm Makes Japan Push

    March 05, 2008

    Singapore-based EuroFin Asia is targeting Japanese investors for the first time with its LH Asian Trade Finance Fund—a commodities-focused asset-based lending strategy.

  • Aureos Invests In Thai Engineering Co.

    March 05, 2008

    Mauritius private equity firm Aureos Capital’s Aureos Southeast Asia Fund has invested $3.7 million in Eurotech Engineering International, a steel manufacturing company in Thailand, on March 4.

  • Brevan Howard Plans LSE-listed Fund

    March 05, 2008

    London-based Brevan Howard Asset Management is considering launching a new multi-strategy hedge fund, BH Global, which will be listed on the London Stock Exchange, according to marketwatch.com.

  • Caliburn Plots Asia Presence, Eyes More Funds

    March 05, 2008

    Caliburn Capital Partners, the London- and Geneva-based fund of funds firm co-founded by Tony Morrongiello, will open an office in Singapore on May 1.

  • Coast Expands Into Alternatives With Slate Of New Hires

    March 05, 2008

    Santa Monica, California-based Coast Asset Management, a multi-strategy alternative investment firm with approximately $6.7 billion in assets, has announced several high-level staffing appointments.

  • Duff, Ex-Morgan Stanley Executive, Opens Asset-Management Firm

    March 05, 2008

    Phil Duff, who sold hedge-fund manager FrontPoint Partners to Morgan Stanley two years ago, started a firm to help institutions such as pension funds, insurers and endowments meet long-term funding obligations, according to Bloomberg.com.

  • Ex-Hess Treasurer Joins Lucas

    March 05, 2008

    Robert Vogel, former treasurer of energy company Hess Corporation, has joined hedge fund and private equity firm Lucas Capital Management as an assistant principal.

  • Goldman Sachs Asset Management Co-Head Retires

    March 05, 2008

    Peter Kraus, co-head of Goldman Sachs’ investment management business, is retiring after the bank’s flagship Global Alpha Fund recorded the biggest loss of almost any hedge fund last year, according to financialnews-us.com.

  • Man Seeks Hedge Fund Specialist

    March 05, 2008

    Man Investments will hire a head of hedge fund portfolio development to provide a link between the firm’s sales, investment management and product development teams.

  • MCF Plots Hedge Fund Platform

    March 05, 2008

    San Francisco’s MCF Asset Management is planning to build a platform of hedge funds over time by incubating emerging managers.

  • ‘Christian’ Hedge Fund Fraudster Denied Bail

    March 04, 2008

    Steve Wilson, the California man charged with defrauding investors of more than $5 million in a hedge fund Ponzi scheme, has been denied bail, according to finalternatives.com.

  • AXA To Expand FoF Team

    March 04, 2008

    AXA Investment Managers, with EUR548 billion under management, is seeking to grow its 26-strong fund of hedge funds team with five-to-10 hires over the next year.

  • Citigroup, Wachovia Face Hedge Fund Lawsuits

    March 04, 2008

    Citigroup Inc. and Wachovia Corp are facing separate lawsuits filed in a U.S. Federal court in New York by a small fund, the Wall Street Journal reported on Tuesday.

  • Credit Suisse Plans Emerging Market Debt Fund

    March 04, 2008

    Credit Suisse Asset Management is preparing to launch an emerging market debt hedge fund as early as mid-March.

  • Government Funds' Partnerships with PE Raises Transparency Concerns

    March 04, 2008

    As foreign government-run funds increasingly invest in U.S. companies through unregulated private equity funds or hedge funds, they are attracting political attention they would normally avoid, according to the Associated Press.

  • Hedge Funds Run More for Institutions

    March 04, 2008

    More than half--55%--of 50 hedge fund and funds of hedge funds managers surveyed said they managed more for institutional investors than they had three years ago.

  • Reech Makes Hedge Fund Asset Push

    March 04, 2008

    Reech Alternative Investment Management Group is targeting institutional investors for its second hedge fund, an equity market-neutral multi-strategy offering.

  • RockView Readies Short Credit Arb Fund

    March 04, 2008

    Kevin Schweitzer’s RockView Capital, a spin-off of Jemmco Capital, is about to launch a fund that will primarily short U.S. credit arbitrage.

  • SilverStreet Gets Scandinavia Specialist

    March 04, 2008

    SilverStreet Capital, the London fund of hedge funds shop founded last year by Gary Vaughan-Smith and Alex Da Costa, has hired Edwin Doeg in Stockholm to be involved in all aspects of the business, including fund management, marketing and investor relations.

  • Study: Big Hedge Funds Get Bigger

    March 04, 2008

    The top 350 hedge funds control almost half the $2,100 billion industry, a new study shows.

  • Theorema Rolls Out Concentrated Fund

    March 04, 2008

    Theorema Asset Management, a London firm with $1 billion in assets, has launched its fourth hedge fund.

  • Wealth Fund Hires Foreign Money Managers

    March 04, 2008

    China Investment Corp (CIC), the country's $200 billion sovereign wealth fund, is hiring foreign fund managers to invest in hedge funds and private equity as well as in traditional assets such as bonds, according to chinadaily.com.

  • Carne Launches New Ucits III Registration Service

    March 03, 2008

    Carne Global Financial Services Group, the Dublin-based independent adviser to the European hedge fund and traditional fund management industries, has launched a new fund registration service aimed at smoothing the sometimes rocky path towards Ucits3 authorization, according to www.hedgeweek.com.

  • Ex-Citi Execs Ring in New Telecom Fund

    March 03, 2008

    Pacific Ocean Capital, a newly established hedge-fund management company in Singapore, has announced the launch of the Asia Telecom Fund, according to www.asianinvestor.net.

  • Goldstein to Sue SEC Over Advertising Ban

    March 03, 2008

    Phil Goldstein, the hedge fund manager who derailed the U.S. Securities and Exchange Commission's bid to require hedge fund registration, will sue the regulator to lift its ban on hedge fund marketing and advertising, according to plans he unveiled to The Financial Times.

  • ING Launches Asian R.E. Fund

    March 03, 2008

    ING Investment Management has launched its new Asia-Pacific real estate securities fund, according to www.asianinvestor.net.

  • Philly Firm Readies Vol Arb Fund

    March 03, 2008

    Philadelphia firm Radcliffe Group is preparing to launch its third hedge fund, a volatility arbitrage strategy.

  • "The bottom line is, we were paying $20 an hour for labor in the U.S. and less than $1 an hour in China."

    February 29, 2008

    --Ivan Faggen, co-founder of Triton Pacific Capital Partners, on the benefits of shifting manufacturing processes for one of its holdings to China.

  • ABN Reboots Hedge Fund Biz With China Strat

    February 29, 2008

    ABN Amro Asset Management is taking another stab at growing its single-manager hedge fund business, after two of its funds were shut down last year.

  • Atlantis Fund Targets Pre-IPO China Cos.

    February 29, 2008

    Atlantis Investment Management is launching a new China fund that will target Chinese companies nearing their IPO.

  • Brazil Firm Moves Into Long-Only Funds

    February 29, 2008

    Explora Investments, the São Paulo-based hedge fund start-up, has launched its first long-only fund, a South American equity strategy, and plans to launch an offshore version in June.

  • Citi Appoints Hedge Fund Pros for Risk

    February 29, 2008

    Citi CEO Vikram Pandit has hired a firm Morgan Stanley and Old Lane Partners colleague, Brian Leach, as chief risk officer, HedgeFund.net reports.

  • Ex-Thomas Weisel Analyst Joins N.Y. Start-Up

    February 29, 2008

    Alex Gorski, former analyst at Thomas Weisel Partners, has joined hedge fund firm Juno Mother Earth Asset Management.

  • Former Tiger Asia MD Launches Fund

    February 29, 2008

    James Lee, former managing director at Julian Robertson-seeded Tiger Asia Management, has founded Stylos Capital Management, which will launch its maiden hedge fund this week.

  • Hedge Fund Strategy Performance - January 2008

    February 29, 2008

  • HitecVision Closes Fund At $800M

    February 29, 2008

    Norway-based HitecVision Private Equity has closed its HitecVision V fund to new investors with USD800 million, beating its original target of USD600 million, AltAssets reports.

  • Investors Seize Failed Bear Funds

    February 29, 2008

    Unnamed investors have seized two failed Bear Stearns hedge funds in a move their lawyers expect will give them a basis to sue the U.S. bank for compensation, Financial Times reports.

  • Japan Hedge Funds Bounce Back

    February 29, 2008

    Hedge funds focused on Japan may bounce back after a two-year losing streak, said Ed Rogers, manager of the best-performing Japan-only fund of hedge funds in 2007, Bloomberg reports.

  • JPMorgan Launches Emerging Debt Fund

    February 29, 2008

    Gunter Heiland and Jeffrey Grills have been charged with handling a new emerging markets local currency debt fund, Citywire reports.

  • Mandate Scoreboard

    February 29, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through Feb. 27. The 2007 column denotes last year's ranking. Wins represent the number of new mandates the firm has won this year.

  • Multi-Strategy Hedge Funds

    February 29, 2008

    The table below displays some of last year's top performing Multi-Strategy Hedge Funds, according to data provided by Eurekahedge.

  • Naissance Commissions Activism Study

    February 29, 2008

    James Breiding's Naissance Capital has commissioned a thesis on the ability to generate sustainable alpha via shareholder activism, alongside the Swiss Banking Institute of the University of Zurich.

  • One Year Ago In Alternative Investment News

    February 29, 2008

    Florian Homm and Sean Ewing's Absolute Capital Management had plans to expand into Asia, the Middle East, Africa, Australia and South America.

  • Peloton Closes Fund, Freezes Another

    February 29, 2008

    London-based hedge fund firm Peloton Partners has been forced to close one fund and freeze another to redemptions after mortgage investments lost value, The Wall Street Journal reports.

  • Philly Hedge Shop Snags CEO

    February 29, 2008

    Philadelphia-based Endowment Capital Group has hired Christopher Long to be its ceo.

  • San Diego Start-Up Delays Private Equity Launch

    February 29, 2008

    The Nanotech Company, a private equity firm in San Diego, has delayed the launch of its first fund.

  • Search Directory

    February 29, 2008

    The following directory includes search activity for the week.

  • Spanish Fund, GLG To Start FoF

    February 29, 2008

    Spain’s Altex Partners Group will launch a new fund of hedge funds with GLG Partners, dubbed Altex GLG Fund, FINalternatives reports.

  • Stenham Embraces Leverage, Lock-Ups

    February 29, 2008

    Stenham Advisors, a wealth management firm that manages $2.5 billion in alternatives, is planning two new launches that will mark the firm's first use of leverage and long lock-up periods within its funds of hedge funds.

  • Systeia Founders To Start New Fund

    February 29, 2008

    Jean-Louis Juchault and David Obert, founders of hedge fund Systeia Capital Management, sold their remaining 22% stake in the firm to Crédit Agricole Group and are considering starting their own hedge fund this year, HedgeWorld reports.

  • Tiburon Manager Takes Fund To Stanhope

    February 29, 2008

    Ivo Coulson, partner at London-based Tiburon Partners, has left the firm after three years to become a partner at $3 billion multi-family office Stanhope Capital.

  • Triton To Launch Third P.E. Strat

    February 29, 2008

    Triton Pacific Capital Partners, a lower-middle market private equity firm in Los Angeles, is preparing to launch its third fund in early 2009.


 

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