Stories

  • Aureos Plans Billboards Investment In Costa Rica

    June 06, 2008

    Private equity firm Aureos Capital expects to close a $1-1.5 million expansion deal in a billboard company in Costa Rica in July.

  • Da Vinci Preps Second Placing For Russian PE Fund

    June 06, 2008

    Da Vinci Capital Management is seeking to grow assets to $250 million from $110 million in its closed-ended Russian private equity fund by way of a secondary placing of shares later in the year.

  • Horseman To Close European Hedge Fund

    June 06, 2008

    Horseman Capital Management will soft close its European long/short equities hedge fund, the Horseman European Select Fund, on July 1 at $1 billion.

  • Taiwan: Hedge Funds Are Welcome

    June 05, 2008

    Lee Shyan-Yuan, one of several commissioners at Taiwan's Financial Supervisory Commission (FSC), believes attracting hedge funds to the market would be a smart move, according to BusinessWeek.

  • VAM Launches Maiden Hedge Fund

    June 05, 2008

    Luxembourg-based VAM Funds in April unveiled its first hedge fund product, a multi-strategy fund of funds, FINalternatives reports.

  • Drake Closing Last Two Funds

    June 05, 2008

    New York-based Drake Capital Management, which had already started to wind down its flagship fund, is throwing in the towel on its remaining two funds, according to Hedgefund.net.

  • Unions Plan Demonstrations, Lobbying To Close PE Tax ‘Loopholes’

    June 05, 2008

    A major North American union is planning to “take back the economy” from private equity firms, FINalternatives reports.

  • Massachusetts Puts More Money Into Private Equity

    June 05, 2008

    Massachusetts’ $52.7 billion state pension fund, one of the biggest U.S. public funds, hired several fund managers and allocated more money to private equity funds on Thursday, according to Reuters.

  • Shelby County Ramps Up Alts Exposure

    June 05, 2008

    The $1 billion Shelby County (Tenn.) Retirement System will make first-time allocations to private real estate and commodities.

  • Maine CIO Makes Alts Proposal

    June 05, 2008

    Andrew Sawyer, cio of the $11.1 billion Maine Public Employees Retirement System, has recommended a 20% alternatives allocation to his board, according to AIN sister publication Money Management Letter.

  • JER To Deploy $150-200M In Latin American Investments

    June 05, 2008

    JER Partners’ new Latin American division (AIN, May 26) will be deploying about $150-200 million on a yearly basis for private equity deals in the region.

  • J O Hambro “Hedge” Fund Loses 17% With No Shorts

    June 05, 2008

    J O Hambro Investment Management’s long/short Tai Chi Fund is down 17.27% this year through April—but Fund Manager Alan Gibbs has no short exposure to protect against losses and does not plan to add any.

  • AIG, Larch Lane Enter Seeding Partnership

    June 05, 2008

    AIG Investments and Larch Lane have created a partnership to seed emerging hedge fund managers, completing its first deal last month.

  • Agecroft Looks North

    June 04, 2008

    Richmond, Va., third-party marketing firm Agecroft Partners has tapped Tim Driscoll as managing director.

  • Ilex Mulls Energy Credit Fund

    June 04, 2008

    London credit hedge fund firm Ilex Asset Management is considering launching a fund focused on energy bonds and loans.

  • Harcourt Rolls Out Emerging Markets FoF

    June 04, 2008

    Harcourt Investment Consulting has launched a multi-strategy fund of hedge funds focused on emerging markets.

  • SYW Debuts Offshore Fund

    June 04, 2008

    SYW Capital Management is launching an offshore version of its long/short equity hedge fund.

  • Jitters Bring Polygon Founder To A Halt

    June 04, 2008

    One of the three co-founders of $6bn London hedge fund firm Polygon Investment Management is stepping back from investing after clients pulled out $2bn, according to the Financial Times.

  • FoFs Eye Lending Opportunities

    June 04, 2008

    Managers of funds of hedge funds are finding good investment opportunities in strategies that fill the gap left by banks hamstrung by the credit crisis, Reuters reports.

  • Apex Opens Isle of Man Office

    June 04, 2008

    Fund administration business Apex Fund Services has established an office in the Isle of Man headed by Tim Parkes, a former managing director at Barclays Wealth and Barclays Private Clients International, according to Hedgeweek.

  • CSX: Hedge Funds Have No Plan

    June 04, 2008

    U.S. railroad CSX Corp., locked in a proxy battle with two hedge funds, urged shareholders in a letter on Tuesday to vote against the activist investor group's proposed slate of five directors, saying they had "no plan" for the company, Reuters reports.

  • Greylock Preps Africa Fund

    June 04, 2008

    The $700 million Greylock Capital Management will unveil its first Africa-focused private equity fund July 1.

  • HFR: Hedge Funds Recoup 2008 Losses in Second Quarter

    June 04, 2008

    According to Hedge Fund Research, hedge funds almost recovered since March from the worst start to the year in about two decades, reports Bloomberg.

  • AIG To Back New Hedge Funds

    June 04, 2008

    American International Group will start investing in new hedge funds through a joint venture with Larch Lane Advisors, a unit of Old Mutual Asset Management that specializes in seeding start-up managers in the $2 trillion industry, according to MarketWatch.

  • Alts Pro Leaves UBS

    June 04, 2008

    Nils Tuchschmid, a managing director within the global asset management division at UBS, has left the firm.

  • Credit Suisse Appoints Jain To Senior Post

    June 04, 2008

    Bob Jain, head of proprietary trading at Credit Suisse, has been appointed head of single-manager hedge funds in the asset management division, a new position.

  • Blackstone Hires New London FoF Head

    June 04, 2008

    The Blackstone Group has lined up a new hire to head the London operation of its fund of hedge funds arm, Blackstone Alternative Asset Management.

  • State Street Sues Ex-Moore President

    June 04, 2008

    State Street Corporation has filed a complaint against James Kelly, former president of Louis Bacon’s Moore Capital, and his hedge fund administration company, HedgeServ, for violating a non-compete agreement.

  • Archer to Re-Open, Grow Fund By 20%

    June 03, 2008

    Archer Capital Management is reopening its flagship fund in hopes to increase its assets under management by 20% by the end of summer.

  • Sourcecap Plans 130/30 Launch

    June 03, 2008

    Sourcecap Intl. is preparing to launch its first 130/30 fund.

  • Soros Testifies In Senate Energy Trade Hearing

    June 03, 2008

    Hedge fund manager George Soros testified Tuesday before the Senate Commerce Committee alongside Chicago Mercantile Exchange Executive Chairman Terrence Duffy at a hearing dealing with energy market manipulation, CBS.com reports.

  • Acuity Introduces 130/30 Fund

    June 03, 2008

    Acuity Funds has launched a new pooled fund that will employ long and short strategies, the Acuity Pooled 130/30 Fund, which aims to help investors maximize returns in bull markets and protect assets in bear markets.

  • GGV Capital Adds IT, Consumer Execs

    June 03, 2008

    Venture capital firm GGV Capital has hired two operating executives to for its investment team, Jeff Richards and Jia Fen Wang.

  • UK Advises China On Private Equity

    June 03, 2008

    China is reportedly talking to U.K.-based buy-out professionals and members of the British Treasury department as it explores developing a private equity industry, Financial Times reports.

  • Shanghai Nears Approval Of USD2.9B Fund

    June 03, 2008

    A government-owned investment unit is said to be close to getting the OK the launch a 20 billion yuan (USD2.9 billion) industrial fund, Caijing magazine reports.

  • Charlemagne Launches First MENA Fund

    June 03, 2008

    U.K.-based emerging markets hedge fund manager Charlemagne Capital has launched its first Middle East and North Africa fund, Magna MENA Fund, which will invest in companies with a strong presence in the Arabic-speaking world, HedgeWeek reports.

  • Battenkill Benefits From Oil On Both Sides

    June 03, 2008

    Battenkill Capital Management’s Alpine Fund is up 6% this year through Monday, primarily thanks to its long and short oil plays.

  • Horizon21 On Lookout For Commodities Specialist

    June 03, 2008

    Rainer-Marc Frey’s Swiss alternatives shop, Horizon21, will make a senior investment hire to focus on commodities allocations for its funds of hedge funds.

  • Culross Plans Expansion

    June 03, 2008

    Culross Global Management, a London fund of hedge funds firm, will expand its team as it gears up to grow assets under management.

  • Former Stratix Exec Forms Second Firm

    June 02, 2008

    Ian Goodman, co-founder of the now defunct Stratix Asset Management, has taken another stab at launching his own hedge fund by forming GCore Capital.

  • Paulson Open To Mideast Investment In U.S.

    June 02, 2008

    U.S. Treasury Secretary Henry Paulson Jr. spoke before the U.S.-U.A.E. business council in Abu Dhabi and reiterated the nation’s openness to receiving capital investments from Mideast investors.

  • Fortis Preppings Opticredit Fund

    June 02, 2008

    Fortis Investments is set to launch a new closed-end bond fund the summer that will take advantage of discrepancies in credit markets over the next two years, Citywire reports.

  • Cranwood Launches Fixed Income Fund

    June 02, 2008

    Cranwood Capital Management has launch its new fund, Cranwood Fixed Income Arbitrage Fund, whose sister fund is Cranwood International.

  • Man Hoarding Money For Hedge Fund Buyouts

    June 02, 2008

    Man Group has revealed that it has prepared a cash reserve that will put toward acquisitions of smaller hedge fund managers, Thomson Merger News reports.

  • Denham Capital Closes PE Fund At $2B

    June 02, 2008

    Private equity firm Denham Capital Management has closed the Denham Commodity Partners Fund V at its $2 billion hard cap, beating the $1.75 billion target.

  • LGT Eyes Second London Listing

    June 02, 2008

    LGT Capital Partners of Pfäffikon, Switzerland, is seeking to list its $750 million global fund of private equity funds on the London Stock Exchange by the end of the year.

  • Citadel Taps Greenlight Analyst For L/S Launch

    June 02, 2008

    Ken Griffin’s $20 billion Citadel Investment Group has hired Greenlight Capital’s Svetlana Ilieva to launch a new fund on its incubation and seeding platform.

  • London & Capital Seeks Analysts

    June 02, 2008

    London & Capital is seeking to add one or two analysts to the three-strong investment team in its fund of hedge funds division.

  • Hedge Funds Eye Whistleblower Protections

    June 02, 2008

    Hedge fund firms are preparing to step up their efforts to protect whistleblowers.

  • "Value managers are licking their chops right now because companies that are fundamentally sound are trading at bottom-barrel prices."

    May 30, 2008

    --Mitchell Nichter, partner at Paul Hastings, on hedge funds' newfound appetite for solid credits.

  • Allianz Opens Bahrain Office, Launches Shariah Funds

    May 30, 2008

    Allianz Global Investors has opened a Middle Eastern office in Bahrain and launched two Shariah-compliant equity funds.

  • Aureos Buys Mexican Leasing Stake

    May 30, 2008

    Mauritius private equity firm Aureos Capital's Aureos Latin America Fund has invested $5 million in Analistas de Recursos Globales (ARG), a Mexican transportation equipment leasing company.

  • Bahrain’s Arbah Launches Nanotech Fund

    May 30, 2008

    Arbah Global, a Bahrain based investment unit of Arbah Capital, announced a new fund that will invest in nanotechnology, Gulf Daily News reports.

  • CapMan To Acquire Russian PE Firm

    May 30, 2008

    CapMan has agreed to acquire the management companies of Norum Russia Fund III from DnB NOR Bank and Sitra Management, AltAssets reports.

  • Funds Of Hedge Funds

    May 30, 2008

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

  • Harbinger Enters Aussie Ore Battle

    May 30, 2008

    U.S. hedge fund Harbinger and its owner Phil Falcone has acquired another 8% of Aussie iron ore company Midwest Corporation, which is being courted by a rival and a shareholder, Australia’s ABC news reports.

  • Hunt Ventures Closes First Fund At Target

    May 30, 2008

    Dallas-based early stage technology-focused firm Hunt Ventures has closed its first fund, Hunt Ventures Fund I at its initial target of USD140 million, AltAssets reports.

  • Mandate Scoreboard

    May 30, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through May 28.

  • New Dalton Fund To Invest In Japanese REITs

    May 30, 2008

    Los Angeles-based fund Dalton Investments plans to raise about 30 billion yen (USD286 million) for a fund that will invest in Japan’s real estate investment trusts, Bloomberg reports.

  • Pioneer To Launch Asian Equities HF

    May 30, 2008

    Pioneer Alternative Investments has announced plans to launch the UCITS III-compliant Pioneer Absolute Return Equity Asia fund on June 3, Hedgeworld reports.

  • Search Directory

    May 30, 2008

    The following directory includes search activity for the week


 

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