Stories

  • AXA Rosenberg To Receive Pension Investment

    May 30, 2008

    AXA Rosenberg Investment Managers’s AXA Rosenberg Global Advantage Long/Short will receive a $110 million investment from a pension plan in the next month, said Will Cazalet, director of long/short equities.

  • Wood Creek Sues SageCrest For Redemption

    May 30, 2008

    Wood Creek Capital Management is suing SageCrest in an attempt to claim a $5.4 million redemption the hedge fund has not paid.

  • New Jersey Ends Relationship With Rogerscasey

    May 30, 2008

    The $78 billion New Jersey Division of Investment is terminating its relationship with Rogerscasey, its consultant on funds of hedge funds, as of June 1.

  • Abraaj Taps Legg Mason Subsidiary For AM Head

    May 29, 2008

    Dubai-based buyout firm Abraaj Capital has hired Ahmed Nashaat from Legg Mason’s Permal Group for its hedge fund investments, Bloomberg reports.

  • Da Vinci Launches Fund On LSE Alt Market

    May 29, 2008

    Da Vinci CIS Private Sector Growth Fund has become the first investment entity list on the London Stock Exchange’s new market for alternative investment vehicles, the Specialist Fund Market.

  • Qiming Closes USD320M China Fund

    May 29, 2008

    Shanghai-based Qiming Venture Partners has closed its second fund, Qiming Venture Partners II, with USD320 million, beating its USD300 million target, AltAssets reports.

  • Citco Tops Hedge Fund Admin Survey

    May 29, 2008

    The Advent Software-sponsored third survey of hedge fund administrators from HedgeFund.net shows the top three firms in terms of assets under administration (AUA) were Citco Fund Services, Citi and HSBC Securities Services.

  • Fink Resigns From Man’s Board, Earnings Up 60%

    May 29, 2008

    Alternative investment firm Man Group announced that Deputy Chairman Stanley Fink will retire from the board and will not seek re-election as a director.

  • SEI Adds USD4B In AUM Through April

    May 29, 2008

    SEI, a provider of outsourced investment operations and asset management solutions, has posted institutional sales that brought USD4.1 billion in new AUM and snagged 16 new institutional clients through April.

  • GLG Eyes Systematic Roll-Outs

    May 29, 2008

    London giant GLG Partners is planning to launch a pair of systematic hedge funds focused on the U.S. and emerging markets.

  • Sands Brothers Considers Second ABL Fund

    May 29, 2008

    Greenwich, Conn., and New York hedge fund firm Sands Brothers Asset Management is considering launching its second asset-backed lending fund early next year.

  • Ex-3G Partner Founds Firm

    May 29, 2008

    Derk Cullinan, former partner at 3G Capital Partners, has founded Cato Partners Management and will launch the Cato Partners fund July 1.

  • Police & Fire Plan Ups Private Equity

    May 29, 2008

    The $3 billion San Jose (Calif.) Police & Fire Retirement Plan has raised its private equity target to 8% from 5% and has also carved out first-time allocations to real assets, absolute return strategies and credit strategies with targets of 5% each.

  • New Mexico Eyes Credit FoF

    May 29, 2008

    The $10 billion New Mexico Educational Retirement Board is considering hiring an additional fund of hedge funds for up to $100 million to focus on credit strategies.

  • York Opens Moscow Office

    May 29, 2008

    York Capital Management has opened a research office in Moscow and hired George Kikvadze to head up the space.

  • London Broker Plans More Outposts

    May 29, 2008

    Baronsmead Insurance Brokers, the specialist insurance broker to alternatives firms, is planning to open offices in the Channel Islands, the Caribbean and Continental Europe in the next twelve months.

  • Lyons Leaves First Avenue

    May 29, 2008

    Hedge Fund Principal Lorraine Lyons has left First Avenue Partners.

  • Federated Fund Eyes 130/30

    May 29, 2008

    The investment committee of the $1.8 billion San Jose (Calif.) Federated City Employees Retirement System is looking at 130/30 strategies.

  • Iraq Fund Rebounds As Dinar Strengthens

    May 29, 2008

    Godvig Capital Management’s Iraq-focused Babylon Fund, which invests in T-bills, bonds and equities, was up 0.8% in April.

  • Hedge Funds Return To Solid Credits

    May 29, 2008

    Hedge funds are beginning to launch funds dedicated to buying solid credits.

  • Dubai’s Ithmar To Raise USD1B

    May 28, 2008

    Dubai-based Ithmar Capital is looking to raise $1 billion through the 2H08 launch of its third close-ended private equity fund, Gulf News reports.

  • Quant AM Assets To Double In 2008

    May 28, 2008

    Singapore- based hedge fund Quant Asset Management announced plans to double its assets under management this year, Bloomberg reports.

  • Activist Hedge Funds Mark First Win With Atos

    May 28, 2008

    Activist hedge funds Centaurus Capital and Pardus Capital Management won a longstanding battle this week when the two managed to rid French IT services company Atos Origin Chairman Didier Cherpitel, appoint Jean-Philippe Thierry chief executive officer and create a strategy committee, Reuters reports.

  • Babcock Plans to Raise $1 Billion Fund for Turkey

    May 28, 2008

    Australia's Babcock & Brown announced plans to raise more than USD1 billion for a fund that will invest in Turkish infrastructure, two people with knowledge of the matter Bloomberg reports.

  • Asian Long/Short Shop Readies Long-Only Fund

    May 28, 2008

    New York-based Jadeite Capital Investment Advisors is working on a long-only extension of its long/short offering and plans to launch a research and trading office in Hong Kong later this year, FINalternatives reports.

  • UBS Commodities Co-Head Leaves For Hedge Fund

    May 28, 2008

    Hunter Shively, global co-head of UBS’s commodities business, is stepping down after seven months to join a startup hedge fund that will trade energy futures, Bloomberg reports.

  • Altius To Hard-Close PE Fund of Funds

    May 28, 2008

    Altius Associates will close its first fund of private equity funds with more than $100 million by the end of June.

  • RCG Eyes Feeder For Taxable Investors

    May 28, 2008

    RCG Capital will launch a feeder fund in the next six months to provide taxable U.S. investors with access to its Global Equity Long/Short Fund.

  • Citadel To Build Out Securitized Products Platform

    May 28, 2008

    Ken Griffin’s $20 billion Citadel Investment Group plans to expand the securitized products platform within its flagship Kensington Global Strategies Fund Limited and offshore counterpart, Wellington Fund LLC.

  • FRM To Hire Hong Kong Head

    May 28, 2008

    Financial Risk Management, the fund of hedge funds firm managing $15 billion, is planning to hire a local individual to head up its new Hong Kong office, which opened earlier this month.

  • GAM Preps Onshore European Fund

    May 28, 2008

    GAM will roll out a UCITS III version of its European long/short equity hedge fund in the next two months.

  • Bear Stearns L/S Fund To Shut Down

    May 28, 2008

    Bear Stearns Asset Management will close its Bear Focus Fund in the next few weeks because of the firm’s recent acquisition by JPMorgan.

  • Juno Readies Commodity Equity Fund

    May 28, 2008

    New York firm Juno Mother Earth Asset Management plans to launch a hedge fund focused on commodity-related equities this summer.

  • Cedar Ridge to Make Investment, Risk Hires

    May 28, 2008

    Cedar Ridge Partners, a high-yield municipal bonds-focused hedge fund firm, is seeking to hire an investment analyst and a compliance pro as its assets grow.

  • Torkelund Leaves Dynamic After Brief Spell

    May 27, 2008

    Marketer Robert Torkelund has left Dynamic Funds, less than three months after joining the $25 billion Canadian asset manager on March 1.

  • Tuckerbrook Investors To Vote On Future Of Fund

    May 27, 2008

    Investors in Tuckerbrook | SB Global Distressed Fund I are set to vote on the fate of the fund as a battle continues between the two managing member, Tuckerbrook Alternative Investments and Sumanta Banerjee.

  • Charlemagne Introduces Its First MENA Fund

    May 27, 2008

    Charlemagne Capital announced plans to launch its first Middle East and North Africa fund next month.

  • Threadneedle Opens Hong Kong Office

    May 27, 2008

    Threadneedle has opened its first unit in Asia in Hong Kong and has hired James Campion to run the office.

  • East Capital Launches Russia RE Fund

    May 27, 2008

    East Capital has launched a new fund called East Capital Russian Property Fund that will invest in shopping centers and retail real estate in Russia, Ukraine and Kazakhstan.

  • FRM To Open Hong Kong, Seoul Offices

    May 27, 2008

    Fund of hedge funds group Financial Risk Management announced plans to expand its Asian operations via the opening of new offices in Hong Kong and South Korea.

  • Brevan Howard Raises USD1B In IPO

    May 27, 2008

    Brevan Howard Asset Management has raised $1 billion in an initial public offering of a hedge fund, almost double its original aim, Bloomberg reports.

  • FoFs Fill In For Banking Lenders

    May 27, 2008

    Funds of hedge funds managers are benefiting from the credit crisis by serving as lenders, Reuters reports, citing S&P Fund Services.

  • Institutions Open To Hedge Fund Newbies

    May 27, 2008

    As hedge fund assets under management near USD3 trillion and new hedge funds continue to pop up, institutional investors warm to the idea of investing in new funds and younger managers, specifically spinout teams, FINalternatives reports, citing a new Preqin survey.

  • Judge Orders Amaranth, Hunter To Court

    May 27, 2008

    Amaranth Advisors and its former head energy trader Brian Hunter have been ordered to face a lawsuit filed by the Commodity Futures Trading Commission that alleges they tried to manipulate natural gas futures contracts prices, Bloomberg reports.

  • Abraaj Preps MENA Fund

    May 23, 2008

    Dubai-based Abraaj Capital is preparing to roll out the ASOF III Fund, a long/short Middle East/North Africa equity strategy, on June 1.

  • "I expect I will have much happier news in three months and one day."

    May 23, 2008

    --Jay Yoder, co-founder of Tuckerbrook Alternative Investments, who is restricted by a non-compete clause after resigning from the firm.

  • ABN AMRO Launches Altera Securities

    May 23, 2008

    ABN AMRO has launched Altera Securities, a five-year structured investment that offers equal exposure to emerging markets, global infrastructure and commodities, with a 100% capital guarantee, Financial Standard reports.

  • Blackstone To Make Global Hedge Fund Push

    May 23, 2008

    The Blackstone Group is seeking to expand its single-manager hedge fund business outside the U.S., and has hired Philip Anker, formerly head of global institutional sales at Citigroup Alternative Investments, to lead the charge.

  • Canadian Pensions Move To Alts

    May 23, 2008

    Traditional Canadian pension fund managers are suffering as many pensions are abandoning traditional fund managers in favor of alternative asset managers, Globe and Mail reports.

  • Ex-Stratix PMs Form Unique Tech, Energy Fund

    May 23, 2008

    Seth Buchalter and Steven Fortuna, formerly portfolio managers at the now-closed Stratix Asset Management, have regrouped to form S2 Capital Management and will launch the S2 Capital Fund June 1.

  • Global Macro Hedge Funds

    May 23, 2008

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

  • Hedge Fund Strategy Performance - April 2008

    May 23, 2008

  • Hedgies To Boost EM Commitments

    May 23, 2008

    Hedge fund investors plan to hike their allocations to emerging markets, with the Middle East expected to be the best performing region, and the Western world expected be the worst, Emirates Business 24/7 reports.

  • Mandate Scoreboard

    May 23, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through May 21.

  • Mass. Man Suspected Of Hedge Fund Fraud

    May 23, 2008

    Massachusetts’s main securities regulator is accusing a Wayland man of wrongly soliciting investors to commit millions to a hedge fund that has little cash remaining, the Associated Press reports.

  • Nedgroup Adds Senior Analyst

    May 23, 2008

    Nedgroup Investments, a fund of hedge funds provider, has named Kevin Burrows a senior analyst in its investment management team.

  • One Year Ago In Alternative Investment News

    May 23, 2008

    Soros Fund Management purchased warrants for 3 million shares in pharmaceutical concern Bioenvision at $2 per share.

  • Search Directory

    May 23, 2008

    The following directory includes search activity for the week.

  • Thames River To Open L/S Hedge Fund

    May 23, 2008

    U.K.-based hedge fund firm Thames River Capital plans to open an equity long/short vehicle called Argentum Fund in June that will invest in global financial stocks, including property, FINalternatives reports.


 

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