Stories

  • Basis Capital Liquidates Fund

    May 01, 2008

    Australia-based Basis Capital Funds Management has withdrawn its application for protection of its Cayman-domiciled Basis Yield Alpha Fund and has been forced to liquidate it, HedgeCo.Net reports.

  • Nobles Closes Second Fund

    May 01, 2008

    Noble Fund Managers announced the final close of its second venture finance fund, Noble Venture Finance II, after reaching its target of GBP100 million.

  • Goodman Launches Second Eurozone FoF

    May 01, 2008

    Goodman Property Investors (GPI) has launched its second Eurozone fund of funds, Goodman Eurozone Fund of Funds II, which will be managed by Karin Koks in Amsterdam.

  • Invesco Launches Euro High-Income Bond Fund

    May 01, 2008

    Invesco Perpetual is preparing the launch of a European high-income fund for bond duo Paul Causer and Paul Read and European equity fund manager Katharina Hoyland, according to Citywire.

  • Gore’s Climate Unit Closes Fund At $683M

    May 01, 2008

    A new fund from Al Gore’s Generation Investment Management, Climate Solutions Fund, closed a $683 million fund that will invest in early-stage environmental companies, Financial Times reports.

  • KKR, Environmental Defense Fund Partner

    May 01, 2008

    Kohlberg Kravis Roberts & Co. (KKR) and Environmental Defense Fund (EDF) have formed a partnership to create a “green portfolio” to measure and enhance the environmental performance of companies in KKR's U.S. portfolio.

  • Kleiner Perkins Raises $500M For Green Investments

    May 01, 2008

    Venture capital firm Klein Perkins Caufild & Byers has raised USD500 million to invest in green companies, The Wall Street Journal reports.

  • T. Rowe Price Adds LatAm Strategy

    May 01, 2008

    T. Rowe Price has added a regional equity strategy to its Luxembourg-domiciled SICAV range that focuses on investments in Latin America.

  • Swedish Private Bank Preps Nordic Activist Strat

    May 01, 2008

    Öresund Investment Group, a Stockholm-based private bank overseeing EUR13 billion, will launch the Granite Investment Partners fund in the fourth quarter with EUR200 million, aiming to hit EUR1 billion within a few months.

  • Man Names Chief Operating Officer

    May 01, 2008

    Man Investments has hired Andrew Stewart as chief operating officer.

  • Systematic Hires Manager For Green Private Equity Fund

    May 01, 2008

    Zurich firm Systematic Absolute Return SAR has hired Garry Martin to head up the firm’s latest offering, an environmentally responsible private equity fund that the firm believes to be the first-ever of its kind.

  • India’s ICICI Tables FoF Plans

    April 30, 2008

    India’s ICICI Bank has applied for a license to establish a non-banking finance company (NBFC) just after it decided to halt plans to enter the fund of funds business, The Economic Times reports.

  • ING Names New Fund Management Head

    April 30, 2008

    ING Australia has appointed Vinnie Wadhera its new head of funds management, sales and marketing, Money Management reports.

  • NautaDutilh Names Investment Funds Partner

    April 30, 2008

    Benelux law firm NautaDutilh has named Pierre Reuter a partner in the Luxembourg office.

  • Threadneedle Adds Manager To Start Commodities Team

    April 30, 2008

    Threadneedle announced its planned foray in commodities with the hire of David Donora as executive director, effective April 28.

  • Och-Ziff Down In Q108

    April 30, 2008

    Och-Ziff Capital Management Group’s first quarter results suggest the hedge fund is not among the top-performing managers, HedgeWorld.com reports.

  • Family Office Plans Concentrated FoFs

    April 30, 2008

    Opus Capital Management, the fund of funds arm of the large and secretive FBE family office in New York, plans to launch a concentrated fund of funds around the end of next year, which may be followed by several others.

  • Tuckerbrook Battles Banerjee For Funds

    April 30, 2008

    Tuckerbrook Alternative Investments and Sumanta Banerjee head to court on May 1 in a dispute for control of the Tuckerbrook-SB Global Special Situations Fund and Tuckerbrook-SB Global Distressed Fund.

  • Dubai Shop Preps Regional PE Fund

    April 30, 2008

    Rasmala Investments will launch its second private equity fund in the next month with $35 million of firm capital, which it aims to grow to $350 million over the next year.

  • Polar Preps U.K. Absolute Return Fund

    April 30, 2008

    London’s Polar Capital will launch a U.K. absolute return fund on June 3, the firm’s first hedge fund to be launched under the UCITS III directive.

  • Former Citigroup MD Sets Up L/S Shop

    April 30, 2008

    Sam Barai, ex-managing director at the Citigroup’s defunct $2.5 billion multi-strategy hedge fund arm Tribeca Global Management, has formed Barai Capital Management and launched its maiden hedge fund, Barai Capital Master Fund, earlier in April.

  • Fund Of Funds Seeks Analyst, Eyes Growth

    April 30, 2008

    Cogo Wolf Asset Management, the fund of hedge funds firm with $100 million under management, is looking to make a research hire, reflecting expected growth.

  • BlueMountain Snags Ex-Deutsche Bank Director

    April 30, 2008

    Jay Bryant, former director in Deutsche Bank’s collateralized debt obligation group, moved late-April to hedge fund firm BlueMountain Capital Markets, where he is managing director in investor relations and marketing.

  • Former Citigroup MD Sets Up L/S Shop

    April 30, 2008

    Sam Barai, ex-managing director at the Citigroup’s defunct $2.5 billion multi-strategy hedge fund arm Tribeca Global Management, has formed Barai Capital Management and launched its maiden hedge fund, Barai Capital Master Fund, earlier in April.

  • Fortis Announces Sharia Fund, China Unit Upgrade

    April 30, 2008

    Fortis Investments’ Indonesian business, PT. Fortis Investments, has launched its second fund that invests in Sharia-compliant money market securities, shares and bonds.

  • First Reserve To Commit EUR600M To New Solar Venture

    April 30, 2008

    First Reserve, a private equity group that specializes in energy investments, announced plans to invest EUR600 million in a solar energy company it created via recent acquisitions in Spain and Italy, Financial Times reports.

  • Blue Oar Enters Hedge Fund Sector

    April 30, 2008

    Blue Oar Asset Management (BOAM) has tapped former Mercury Asset Management MD Adrian Akers for its hedge fund launch, Citywire reports.

  • Meriwether Allows Redemptions

    April 30, 2008

    Hedge fund manager John Meriwether is allowing investors to pull their money from his USD300 million global macro fund after the portfolio lost 14% this year, a person familiar with the fund told Reuters.

  • Diapason Polishes First Diamond Fund

    April 30, 2008

    Diapason Commodities Management will launch Diamond Circle Capital, the first publicly-listed fund to invest directly in polished diamonds.

  • Aberdeen Halts Hedge Fund Plans

    April 30, 2008

    Aberdeen Asset Management’s plans for a range of hedge fund-style strategies are now uncertain.

  • Penso Shifts Strategy In Wake Of De-Leveraging

    April 30, 2008

    Cedarhurst, N.Y.-based Penso Capital Markets is shifting its investments in the wake of massive de-leveraging.

  • Laven Launches Multi-Strat FoF

    April 29, 2008

    London-based consulting firm Laven Partners will launch Laven Multi-Strategy Fund May 1.

  • Baird Capital Adds Three Partners

    April 29, 2008

    The buyout fund of Baird Private Equity, Baird Capital Partners, has hired Tom Hodson, Harry Schulman and A.J. Wasserstein as operating partners.

  • Calif. Firm Preps ETF Hedge Fund

    April 29, 2008

    Hermosa Capital Management is preparing the summer launch of a long/short hedge fund called Hermosa Capital Fund to invest in exchange-traded funds, FINalternatives reports.

  • Axis PE’s First Closure Reaches $150M

    April 29, 2008

    Axis PE, the private equity unit of Axis Bank, had the first closure of its Axis Infrastructure Fund (AIF) at $150 million, VC Circle reports. The fund’s aims to raise USD500-600 million.

  • Galleon Plans Asian Macro Fund

    April 29, 2008

    Galleon Group plans to create an Asian portfolio that will trade bonds, interest rates and currencies by betting on macroeconomic trends, Bloomberg reports.

  • Summit Partners Closes Two Funds

    April 29, 2008

    Summit Partners has closed two new funds, a Europe private equity fund with EUR1 billion in limited partner interests and a subordinated debt fund with USD825 million in LP commitments, Private Equity Wire reports.

  • Former JPMorgan China CIO Launches Fund

    April 29, 2008

    Former CIO of JPMorgan's China fund venture Lu Jun has raised 300 million Yuan (USD43 million) for his fund, which targets the Chinese stock market, Reuters reports.

  • Saudis Prep USD5.3B Sovereign Wealth Fund

    April 29, 2008

    Saudi Arabia’s Public Investment Fund (PIF) is in the final stages of launching the nation’s first sovereign wealth fund, though its early financial commitment might disappoint some as it will launch with just SR20 billion (USD5.3 billion), according to Secretary General Mansour Al-Maiman, Financial Times reports.

  • Dubai's PE Unit Buy Stake

    April 29, 2008

    Istithmar World Capital, the private equity and alternatives unit of Dubai’s state-owned Istithmar World, has agreed to acquire a majority stake in credit investor Gulf Stream Asset Management, for an undisclosed amount, Financial News reports.

  • India, Oman Link Up

    April 29, 2008

    The Embassy of India hosted the Second Event of India Business Forum in Oman, where presentations were seen on investment opportunities in Oman and the India 2020 Opportunity Fund, Oman Tribune reports.

  • Hyerdale Founder Shrugs Off April Losses

    April 29, 2008

    Hyerdale Capital’s maiden hedge fund, the U.S. equity long/short strategy of the same name, is down 12% so far this month—but Founder Patrick D’Angelo says he is not concerned.

  • Merrill Energy Exec Departs To Launch Fund

    April 29, 2008

    Carter Page, chief operating officer of energy and power investment banking at Merrill Lynch, left the firm today to start an alternative investment fund focused on oil and gas in frontier emerging markets.

  • Summit To Expand London Team

    April 29, 2008

    Private equity house Summit Partners is seeking to add two or three investment professionals to its 15-strong London team over the course of 2008.

  • Thames River Adds Ex-World Bank Pro To Credit Team

    April 29, 2008

    Felix Martin has joined Thames River Capital last month as a third investment analyst in the firm’s 10-strong global credit team.

  • Industry Bullish Despite Market Misery

    April 29, 2008

    Hedge fund managers expect higher capital inflows and more fund launches this year than last, despite a shaky market.

  • Freestone Capital Launches First Distressed FoF

    April 29, 2008

    Seattle fund of hedge funds firm Freestone Capital Management has launched Freestone Advantage Partners, its first focused on distressed managers, April 1.

  • Mercer, IFC To Offer Sustainability Rating For EM

    April 28, 2008

    Mercer and IFC announced plans to rate fund managers in emerging markets based on their ability to incorporate environmental, social and governance factors (ESG) into their investment decisions.

  • Sovereign Funds To Surpass U.S. Economy

    April 28, 2008

    Sovereign wealth funds’ collective value increased 24% to USD3.5 trillion (GBP1.75 trillion) in 2007, The Guardian reports citing a new report from consultancy Global Insight.

  • Darby Names Asia Head

    April 28, 2008

    Darby Overseas Investments, the private equity unit of Franklin Templeton Investments, has elected David Hudson senior managing director and head of Asia operations, AltAssets reports.

  • Deutsche Bank Launches RREEF India

    April 28, 2008

    Deutsche Bank has launched its global alternative investment management business, RREEF Alternative Investments (RREEF), in Mumbai, India.

  • Bancroft Seeks EUR250M For Third Fund

    April 28, 2008

    Bancroft Private Equity, a private equity firm that focuses on central and Eastern Europe and Turkey, is raising its third fund, Bancroft 3, with a target of EUR250 million, AltAssets reports.

  • Vermeer Capital Holds EUR75M First Closing

    April 28, 2008

    Paris-based Vermeer Capital has completed a EUR75 million first closing on its turnaround fund, Vermeer Capital, AltAssets reports.

  • Marathon Opens Office In Turkey

    April 28, 2008

    Marathon Asset Management has opened a new office in Istanbul, Turkey, in an effort to expand existing emerging markets capabilities and establish a presence in the region.

  • Nicholas-Appelegate Launches Three 130/30 Strategies

    April 28, 2008

    Nicholas-Applegate Capital Management has introduced three 130/30 strategies in an effort to capitalize off the demand for alpha-extension investments.

  • Holding Capital Backs RKC, Preps India, Brazil Funds

    April 28, 2008

    Holding Capital Asset Management has acquired a minority stake in hedge fund RKC Capital and will help Founder Rusty Cannon create a general partner entity for his long/short and neutral hedge funds, Matador Fund and Matador Market Neutral Fund.

  • Silver Creek Names New MD, Preps London Launch

    April 28, 2008

    Silver Creek Capital Management, a fund of hedge funds firm, has hired Gideon Nieuwoudt as a managing director and a member of the investment committee, in July.

  • FRM To List Flagship Fund of Funds

    April 28, 2008

    Financial Risk Management will list its flagship multi-strategy fund of hedge funds, FRM Diversified, on the London Stock Exchange June 18.

  • Greenwich Long-Only Firm Plans Second HF

    April 28, 2008

    Newgate Capital Management, which manages $4.5 billion primarily in long-only strategies, will launch its second hedge fund in the third quarter.

  • L.A. Firm Readies Second Loan Fund

    April 28, 2008

    Four Corners Capital Management in Los Angeles is preparing to launch its second hedge fund at the end of the month.

  • GAM To Expand Structured Product Biz

    April 28, 2008

    GAM, the London firm with $75.8 billion in assets, is seeking to grow and diversify its structured product business by targeting investors outside of the structured product team’s traditional client base in Asia and the Middle East.

  • Thybo Taps Stanhope COO

    April 28, 2008

    David Pughe will join Thybo Advisory in Monaco as chief operating officer July 1.

  • "This is actually the perfect time to launch because the global liquidity crisis has caused a lot of money to come out of hedge funds."

    April 25, 2008

    --Ed Rogers, founder of Rogers Investment Advisors, on his plans to launch what is believed to be the first private equity fund to focus on investing in Asian hedge fund firms.

  • Assetz Launches Foreclosure Fund

    April 25, 2008

    Investment firm Assetz seeks to raise GBP20 million for a fund specializing in foreclosed British homes, despite its bullish outlook on house prices, Reuters reports.

  • Bear Stearns Brokerage Pros Join Pershing

    April 25, 2008

    Several Bear Stearns prime brokerage professionals have left for Pershing Prime Services, the Jersey City-based firm owned by Bank of New York Mellon.

  • Ernst & Young Publishes Guide To HFs In Luxembourg

    April 25, 2008

    Ernst & Young has released a new guide to establishing and running Luxembourg hedge funds along, with details on important regulations.

  • EverKey Preps L/S Hedge Fund

    April 25, 2008

    EverKey Global Management and founder Jeffrey Everett is launching a long/short, emerging markets vehicle next month called EverKey Global Fund, FINalternatives reports.

  • Flaherty, Bloom To Leave Silver Creek

    April 25, 2008

    Tim Flaherty and Steven Bloom, co-founder and managing director respectively at $10 billion fund of hedge funds firm Silver Creek Capital Management, will leave the firm later this month.

  • FrontPoint Readies Portable Alpha Strat For Pensions

    April 25, 2008

    Morgan Stanley-owned FrontPoint Partners will launch a fund on May 1 to make it easier for public pension funds to invest in portable alpha as well as investing in two types of beta.

  • Funds of Hedge Funds

    April 25, 2008

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

  • Hedge Fund Association Appoints Leonard CIO

    April 25, 2008

    Leonard Asset Management (LAM) Chief Investment Officer Jay Howard has been chosen to serve on the 2008 board of directors for the not-for-profit association Hedge Fund Association (HFA), HedgeCo.net reports.

  • I.T.-Focused Venture Firm Hires Partner

    April 25, 2008

    James Socas, former v.p. and head of corporate development at software company Symantec Corporation, joined venture capital firm Updata Partners as a general partner Monday.

  • Mandate Scoreboard

    April 25, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through April 23.

  • Morgan Stanley Appoints India PE Hea

    April 25, 2008

    Morgan Stanley announced plans to create an India office for its private equity division, Morgan Stanley Private Equity (MSPE), starting May 1.

  • Namibia’s Development Bank Plans PE Fund

    April 25, 2008

    The Development Bank of Namibia plans to establish a private equity fund with one of the local financial services group, CEO David Nuyoma told Namibia Economist.

  • One Year Ago In Alternative Investment News

    April 25, 2008

    Zurich-based Harcourt Investment Consulting was preparing an illiquid fund of funds to invest in about 16 different commodity-focused hedge funds and private equity funds.

  • Pamplona Embarks On Asset Raising

    April 25, 2008

    Pamplona Capital Management is making a first push for assets from external investors for its two hedge funds—an emerging markets strategy and an energy and transportation offering.

  • PE Sector Raises USD25B In 1Q08

    April 25, 2008

    Private equity property funds might raise record amounts this year, as a rough market has yet to hit the industry after Private Equity Intelligence (Preqin) announced that PE funds raised USD25 billion in the first quarter of 2008, Reuters reports.

  • Pyramis Kicks Off Market Neutral Strat

    April 25, 2008

    Pyramis Global Advisors has rolled out a global market-neutral fund. The firm, Fidelity Investments' institutional asset management arm, closed its U.S. market-neutral strategy a few months ago after reaching $1 billion.

  • RCG Markets New Global Equity FoF

    April 25, 2008

    RCG Capital Partners is marketing its global fund of hedge funds for the first time.

  • Search Directory

    April 25, 2008

    The following directory includes search activity for the week.

  • TCI To Contest J-Power Rejection

    April 25, 2008

    The Children’s Investment Fund Management plans to contest Japan’s rejection of the fund’s bid to double its stake in the nation’s largest electricity wholesaler, Bloomberg reports.

  • Hedge Fund Strategy Performance - March 2008

    April 25, 2008


 

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