Stories

  • Aureos Launches LATAM Fund

    March 20, 2008

    Private equity fund manager Aureos Capital has launched a Latin America fund that focuses exclusively on small- and medium-sized companies.

  • Lawyers Drafted To Shore Up Collateral Arrangements

    March 20, 2008

    In-house counsel and external lawyers are being called on by derivatives participants spooked by Bear Stearns’ troubles to bolster credit support annexes and margin agreements.

  • Hedge Funds Stay Strong In February

    March 20, 2008

    A rough market didn’t hit hedge fund strategies too hard last month, according to the Credit Suisse/Tremont Hedge Fund Index, HedgeWorld.com reports.

  • Hedgies Apply For Dillard’s Board Seats

    March 20, 2008

    A Dillard’s shareholder group represented by a hedge fund announced plans to nominate four people for election to the board, Reuters reports.

  • Hedgies To Sue British Govt.

    March 20, 2008

    Thirty one investors are believed to have joining forces in the lawsuit that targets the British government as a source for Northern Rock’s collapse, HedgeCo.Net reports.

  • Japanese Bonds Slam U.K. Hedge Fund

    March 20, 2008

    A USD3 billion London hedge fund dropped more than a quarter of its value on Monday as a result of its holdings in the Japanese government bond market, Financial Times reports.

  • Leonard Green Preps USD500M Debt Fund

    March 20, 2008

    Private equity firm Leonard Green & Partners is raising a fund to go after investments in debt securities, including bank debt and bonds of non-investment grade companies in the retail, healthcare, media, telecom and distribution sectors, FINAlternatives reports.

  • Meriwether’s JWM Down 24% YTD

    March 20, 2008

    JWM Partners, the investment firm headed by former Long-Term Capital Management Chief Executive Officer John Meriwether, lost 24% in its USD1 billion fixed-income hedge fund this year, through March 14, two people with knowledge of the matter told Bloomberg.

  • Polar Capital Closes Two Funds

    March 20, 2008

    Listed British fund manager Polar Capital Holdings plans to close two hedge funds and one long-only fund amid an 11% drop in assets since Dec. 31, 2007, according to a trading statement.

  • Ritchie Drops Suit To File New Claims

    March 20, 2008

    Ritchie Capital Management has dropped its suit against Coventry First so it can re-file a similar suit with new claims, HedgeCo.Net reports.

  • Alberta Mulls Real Estate, Infrastructure Boosts

    March 19, 2008

    The C$16.6 billion Alberta Heritage Savings Trust Fund will vote March 28 on whether to increase its private real estate allocation to 18% from 10%, and infrastructure to 7% from 3%.

  • Cumulus Preps Agriculture Fund

    March 19, 2008

    London-based Cumulus will launch Cumulus Agriculture Fund on PCE Investors’ incubation platform in the second quarter.

  • Mulvaney Gains With Sector-Wide Commodities Rally

    March 19, 2008

    Mulvaney Capital Management’s systematic financial and commodity futures program returned 28.86% in February.

  • Halcyon Plots Distressed Real Estate Fund

    March 19, 2008

    Halcyon Real Estate Investors will launch a distressed debt real estate opportunity fund which it will start marketing in April.

  • Absolute Capital NZ Fund Fails

    March 19, 2008

    Another New Zealand fund established Australia’s Absolute Capital Group will be liquidated soon, New Zealand Herald reports.

  • Blackstone To Expand Seeding Fund

    March 19, 2008

    Blackstone Alternative Asset Management will seed two new funds in the next few months and add them to its fledgling Blackstone Strategic Alliance Fund as it kick-starts plans to grow the platform to 10 managers.

  • Colo. Hits Fla. Fund With Lawsuit

    March 19, 2008

    Colorado securities regulators have sanctioned a Florida hedge fund and its manager, former dentist, over suspected violations of securities laws, Rocky Mountain News reports.

  • Credit Suisse Prepping Russian Commercial Real Estate Fund

    March 19, 2008

    Credit Suisse is preparing to launch an opportunistic commercial real estate fund to target Russia.

  • Delphi Proceeds With Probe

    March 19, 2008

    Delphi is moving ahead with investigations to show whether or not the hedge funds supporting their USD6.1 billion refinancing shorted their stock, HedgeCo.Net reports.

  • European PE Funds Raise EUR74B In 2007

    March 19, 2008

    European private equity funds raised a total of EUR74.3 billion in 2007, according to preliminary figures released by PEREP Analytics, an independent data-gathering body endorsed by the European Private Equity and Venture Capital Association.

  • Gerken Taps Marketing Director

    March 19, 2008

    The $1.4 billion San Francisco firm Gerken Capital Associates has hired Anthony Moore in the new position of director of marketing.

  • Kohlberg Closes Sixth PE Fund At USD1.5B

    March 19, 2008

    Kohlberg & Company has closed its sixth private equity fund, Kohlberg Investors VI, above its original target, at USD1.5 billion, AltAssets reports.

  • London & Capital Launches Agriculture Fund

    March 19, 2008

    London & Capital has introduced its first commodities-focused product, a futures-based agricultural commodities fund, Investment Week reports.

  • New Hedge Fund To Make Green Tech Offering

    March 19, 2008

    Athamas, a new asset management company, is preparing to launch its maiden hedge fund that will take advantage of opportunities in the clean technology sector, FINalternatives reports.

  • Occam Adds Asia Execs To Hedge Teams

    March 19, 2008

    Occam Asset Management has appointed two investment specialists to its hedge fund teams, Investment Week reports.

  • San Diego To Issue Private Equity RFP

    March 19, 2008

    The San Diego City Employees Retirement System plans to issue an RFP next month for a discretionary private equity manager of managers, which could be a fund of funds or a specialist consultant.

  • SSgA Lands USD200M Universities Mandate

    March 19, 2008

    The Universities Superannuation Scheme has hired State Street Global Advisors to manage a USD200 million hedge fund replication mandate.

  • Tactica Raises GBP20M For FoF Range

    March 19, 2008

    Investment boutique Tactica Fund Management says it has about GBP20 million in pipeline money for its new multi-asset fund of funds range that launches this week, Citywire reports.

  • WAY Group Launches Two FoFs

    March 19, 2008

    Unit trust provider The WAY Group has launched a new unconstrained fund of funds in a bid to offer a more diverse selection of investment options for its clients, IFAonline reports.

  • Airline Crafts Currency Investment

    March 18, 2008

    Monarch Airlines wil invest 1% of its $250 million in active currency management for the first time to diversify its asset mix, which is invested solely in equities and bonds.

  • Former Cerberus MD Sets Up Distressed Shop

    March 18, 2008

    Alex Lagetko, former managing director at the $30 billion Cerberus Capital Management, has formed VSO Capital Management in New York and launched VSO Partners.

  • Ex-Nordea Pros Team With Credit Suisse For Crunch Fund

    March 17, 2008

    Capital Four Management, which was set up last year by a group of Nordea credit veterans, has joined forces with Credit Suisse Asset Management to launch a fund specifically developed to exploit the fallout from the credit crisis.

  • Gold Council Seeks Managing Director

    March 17, 2008

    The World Gold Council, a marketing and research organisation for gold investments, is seeking to hire a managing director in the next few months.

  • Rutgers Eyes Private Equity Boost

    March 17, 2008

    The $550 million endowment for Rutgers, The State University of New Jersey, intends to increase its 5% private equity allocation to 15% over the long-term.

  • U.K. Managers Divided Over Regulation

    March 17, 2008

    The U.K. hedge fund industry is split over the issue of regulation, according to a study by The Bank of New York Mellon and advisory firm Kinetic Partners.

  • "In a world that's collapsing, it makes sense that you invest in a region that has financial wherewithal."

    March 14, 2008

    --Geoffrey Symonds, founder of GLS Capital, on his bullish approach to the Middle East.

  • Boutiques Lead FoHF Awards

    March 14, 2008

    The InvestHedge Funds of Hedge Funds Awards for the best risk-adjusted performance among global funds of hedge funds saw boutiques leading big banks, with GEMS Recovery Portfolio snagged fund of the year and Blackstone Alternative Asset Management earning the institutional firm of the year award, for the second time.

  • Council Picks Currency Manager

    March 14, 2008

    Dorset County Council has selected Auriel Capital Management and Record Currency Management for currency management mandates for its £1.4 billion pension scheme.

  • FRM To Change Credit FoF Listing

    March 14, 2008

    Financial Risk Management will move the listing of FRM Credit Alpha Ltd to the London Stock Exchange from the Irish Stock Exchange in the next two months.

  • GLG Buys Stake In Asian PE Co.

    March 14, 2008

    U.S.-listed hedge fund manager GLG Partners has acquired a 29% stake in India’s Origo Sino-India, an investment company focused on the Chinese and Indian private equity markets, The Independent reports.

  • Global Macro Hedge Funds

    March 14, 2008

    The table below displays some of January's top performing global macro hedge funds, according to data provided by Eurekahedge.

  • GLS Bets Big On Middle East

    March 14, 2008

    GLS Capital has launched the Crescent GLS Arabian Opportunities Fund, a hedge fund focused on the Middle East with a capacity of at least $1 billion.

  • GO Capital Suspends Redemptions Until Dec.

    March 14, 2008

    Amsterdam-based hedge fund manager GO Capital Asset Management announced it has suspended redemptions from its Global Opportunities Fund and will not process future redemptions until Dec. 1 or make payments until March 31, 2009.

  • LatAm Hedge Fund Targets Institutions

    March 14, 2008

    Quantek Asset Management has just started marketing its Quantek Opportunity Fund to institutional investors.

  • Mandate Scoreboard

    March 14, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through March 12.

  • MidBlock Creates $20M Retail PE Fund

    March 14, 2008

    MidBlock Capital Management has created its first private equity fund to develop retail centers throughout the U.S.’s Southwestern region.

  • Moore-Linked Shop Unveils Brazil Property Fund

    March 14, 2008

    Vision Brazil Investments has teamed up with Louis Bacon's Moore Capital Management to launch a fund focused on commercial and residential real estate in Brazil.

  • NYTimes CEO: No Sales To Hedgies

    March 14, 2008

    The New York Times Co. isn't giving in to pressure from hedge fund shareholders who want it to unload The Boston Globe and other print assets to focus more on new media, The New York Post reports.

  • One Year Ago In Alternative Investment News

    March 14, 2008

    Mellon Global Alternative Investments launched Mellon Recovery Fund, a distressed debt fund of funds aimed at institutional investors, with $110 million from one unnamed pension fund.

  • RAB Capital Assets Dip In 2008

    March 14, 2008

    U.K.-listed hedge fund manager RAB Capital announced Friday that its net income for 2007 increased 3% to GBP137 million pounds and assets under management up 38%, with over 50% of the growth coming from net inflows to funds.

  • Search Directory

    March 14, 2008

    The following directory includes search activity for the week.

  • SEC Looking At Redemptions

    March 14, 2008

    The Securities and Exchange Commission is taking a close look at whether hedge fund firms are making the correct disclosures if they give some investors a better deal than others when it comes to cashing out.

  • Sloane Robinson To Launch Raft Of Strats

    March 14, 2008

    Sloane Robinson hopes to roll out five directional long/short equity funds, using a stock selection process created by Credit Suisse Asset Management unit HOLT Investment Partners.

  • UBS: No To Uncollateralized Hedgie Loans

    March 14, 2008

    In the wake of the latest hedge fund failure, UBS has come out to clarify that it doesn't give uncollateralized loans to hedge funds, Bloomberg reports.

  • Vancouver Shop Mulls Offshore Fund

    March 14, 2008

    Primevest Capital is considering launching an offshore version of its event-driven fund, for non-Canadian investors.


 

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