Stories

  • MENA PE Has Legs

    June 12, 2008

    A lack of talent and legal restrictions will not stop the growth of the private equity industry in the Middle East and North Africa, Financial News reports.

  • Gartmore Concerned About Indian Governance

    June 12, 2008

    Gartmore Head of Global Emerging Markets Chris Palmer is short Indian stocks and is concerned about government interference in private businesses and a lack of financing, Reuters reports.

  • Threadneedle Aims For USD100M Commodities Fund

    June 12, 2008

    British fund manager Threadneedle plans to launch a commodity-focused hedge fund this year and is aiming to raise USD100 million within two years, Reuters reports.

  • Citi To Close Old Lane Hedge Fund

    June 12, 2008

    Citigroup announced that it will restructure Old Lane and its multi-strategy hedge fund because of redemptions by external investors.

  • Blacksquare Launches Commodities FoF

    June 12, 2008

    Blacksquare Capital Management is going digging for double-digit returns, FINalternatives reports.

  • Goldman’s LatAm Buyout Head Opts For PE

    June 12, 2008

    Tom Connolly, formerly Goldman Sachs Americas’ lead for financing leveraged buyouts, is switching departments and moving to the firm’s private equity unit, the Financial Times reports.

  • Parker To Launch Green Hedge Funds

    June 12, 2008

    Parker Global Strategies plans to launch a PGS Global Green Fund and PGS Global Water Fund later this year.

  • Shelby County Ramps Up Alts Exposure

    June 12, 2008

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

  • Kentucky Plans Multiple Investment Changes

    June 12, 2008

    The Kentucky Retirement Systems is planning to ramp up its exposure to alternatives and international assets.

  • Hedge Funds Pile Into Vanilla Options

    June 12, 2008

    Hedge funds are returning to the equity derivatives markets after laying low for few months, with an uptick of interest in basic structures.

  • 3A Hires Biz Development Head, Sales Pros

    June 12, 2008

    Claire Locher has joined 3A, the fund of hedge funds arm of Swiss bank Syz & Co., as head of business development.

  • Marco Polo Targets U.S. Investors, Eyes Soft-Close

    June 12, 2008

    Hong Kong’s Marco Polo Pure Asset Management is marketing its maiden fund, Marco Polo Pure China Fund, to U.S. investors.

  • Mulvaney Rebounds In May With Energy Plays

    June 12, 2008

    Mulvaney Capital Mangement’s systematic financial and commodity futures program was up 5.35% in May, largely because of its long positions in the energy sector.

  • Volaris Founders Get New Roles At Credit Suisse

    June 12, 2008

    Volaris, are leaving the business they co-founded to take up other roles with the parent firm, according to a hedge fund manager familiar with the situation.

  • Mass. Plan Eyes Hedge Funds

    June 12, 2008

    The $170 million Taunton (Mass.) Contributory Retirement System is discussing a 5-10% allocation to hedge funds of funds, which would be its first foray into alternatives.

  • Hedge Funds Go Vanilla On Equities

    June 12, 2008

    Hedge funds are returning to the equity markets after a quiet few months, with an uptick of interest in vanilla option-based products.

  • Private Equity Managers To Make Art, Not Deals

    June 11, 2008

    Private equity fund managers are not typically known for their artistic abilities, but at an Altius Associates-sponsored art exhibition in September about 50 private equity professionals will be showcasing their own creations to raise funds for charity.

  • Bahrain OKs USD500M Islamic Buyout Fund

    June 11, 2008

    The Central Bank of Bahrain has approved a USD500 million Islamic Buyout Fund from Global Investment House (Global) and Dubai Islamic Bank (DIB), Guly Daily News reports.

  • Abu Dhabi SWF Cuts HF, Hikes Index Investments

    June 11, 2008

    The world’s largest sovereign wealth fund, Abu Dhabi Investment Authority (ADIA), plans to cut its hedge fund investments and up its holdings in index funds, Thomson Reuters reports.

  • China’s SAFE Pledges USD2.5B To TPG Fund

    June 11, 2008

    China’s State Administration of Foreign Exchange has agreed to commit more than USD2.5 billion to the latest TPG fund, a move that might be the largest allocation ever made to a private equity firm, people familiar with the matter told the Financial Times.

  • May Hedge Funds Beat S&P

    June 11, 2008

    The Greenwich Global Hedge Fund Index (GGHFI) reported May returns of 2.01% while the Greenwich Composite Investable Index returned +1.66%, beating the S&P 500 movement of 1.29%, Hedgeco.net reports.

  • Galleon Adds Senior Portfolio Manager

    June 11, 2008

    Hedge fund manager Galleon Group has named David Lau as its partner and senior portfolio manager, Reuters reports.

  • Peloton CIO Preps New Fund

    June 11, 2008

    Geoff Grant, former cio and co-founder of Peloton Partners, plans to launch a new fund called LiquidMacro in September, just seven months after his former firm’s USD2 billion ABS fund tanked, Financial Times reports.

  • Horses Becoming Hedge Trend

    June 11, 2008

    Despite Big Brown’s failure to win the Triple Crown, the horse hedge fund trend is going strong.

  • Buffett Bets S&P 500 Will Beat Hedgies

    June 11, 2008

    Berkshire Hathaway CEO Warren Buffett has bet USD320,000 of his own money that the Standard & Poor’s 500 index will beat a group of hedge funds, Associated Press reports, citing Fortune.

  • Merriman Hires COO

    June 11, 2008

    Jack Thrift, former partner and cfo of Pacific Growth Equities, has joined San Francisco firm Merriman Asset Management June 2 as chief operating officer.

  • Ex-Volaris Director’s New Firm Takes Shape

    June 11, 2008

    Rick Selvala, ex-director in Credit Suisse’s Volaris volatility management unit, has shed light on his new firm, Harvest Volatility Management, which he recently set up with Curt Brockelman, managing partner of Perch Bay Partners.

  • Florida FoF Makes First Push For Assets

    June 11, 2008

    World Opportunity Fund, a Naples, Fla., fund of hedge funds firm, has begun pitching its fund of the same name for the first time.

  • Sector Readies Energy, Transport Fund

    June 11, 2008

    Sector Asset Management in Oslo is raising assets for Sector Speculare IV—an energy and transportation fund which will launch on June 30 to take advantage of rising price of oil.

  • Credaris Eyes Fund Launch In Q4

    June 11, 2008

    London-based hedge fund firm Credaris plans to offer a long/short single-name credit strategy to outside investors for the first time.

  • Blackstone To Seed Mortgage Fund

    June 11, 2008

    Blackstone Alternative Asset Management (BAAM) is planning to invest in a hedge fund focused on the mortgage sector via its Blackstone Strategic Alliance Fund.

  • Pamplona Goes Net-Short Emerging Markets

    June 11, 2008

    Pamplona Capital Management has reweighted its emerging markets hedge fund so that it is now net-short.

  • Two Senior Bear Officials Take Positions At Wexford

    June 11, 2008

    Marc McCarthy, senior managing director and Latin & EMEA oil & gas analyst at Bear Stearns, and Rowe Michaels, director of Latin American equity research, are moving to Wexford Capital.

  • Long Island Fund Seeks Traders, Analysts

    June 10, 2008

    Roslyn, N.Y.-based N.I.R. Group is seeking to hire multiple traders and analysts for its newest strategy, a commodity hedge fund that launched last November.

  • Vegas Firm Seeks Investors For Iraq Fund

    June 10, 2008

    BB&M International Corporation in Las Vegas is marketing its foreign exchange Amiraq Fund, which CEO Bill Burbank believes is the only strategy to invest solely in the Iraqi dinar.

  • Merck Trio To Launch Pharma Fund

    June 10, 2008

    Three investment pros from Merck Capital Ventures (MCV), a venture capital offshoot that invests on behalf of the pharmaceutical company, will leave in July to form Pharma Capital Ventures (PCV).

  • Toronto Fund Benefits From Gas Trades

    June 10, 2008

    Toronto firm AlphaOne Asset Management’s AlphaOne Partners Fund returned 8.1% in May, primarily due to its long positions in driller Colossus Minerals and Petrol Olympic, a gas exploration company.

  • Zug Firm Rolls Out Macro Strat

    June 09, 2008

    Zug, Switzerland firm GMI Global Macro Investments has begun marketing the Bernina Global Macro Fund, its latest fund.

  • Reech Plans Multiple Launches

    June 09, 2008

    Reech Alternative Investment Management Group is preparing to a launch a raft of natural resources and credit funds this year.

  • Aladdin Seeks Assets For Credit Fund

    June 09, 2008

    Stamford, Ct. credit house Aladdin Capital Holdings is seeking to grow the Aladdin Relative Value Credit Fund to $250 million by the end of the summer.

  • Global Advisors Eyes Growth

    June 09, 2008

    Global Advisors hopes to grow its assets under management to $500 million from $189 million by the end of year.

  • Pentium Readies Natural Resources Fund

    June 09, 2008

    Vicente Zaragoza, founder of Swiss firm Pentium Fund, is preparing to launch a natural resources hedge fund in the next month.

  • Four Senior Officials Depart Greylock

    June 06, 2008

    A quartette of senior officials have departed Greylock Capital Management.

  • "You hit 40, and either buy a motorcycle or join a hedge fund. I don't look good in leather, so here I am."

    June 06, 2008

    --Andrew Parry, ceo and co-founder of Sourcecap Intl., on switching to hedge funds from long-only investing.

  • AIG, Larch Lane Start JV

    June 06, 2008

    American International Group’s asset management division has inked a joint venture agreement with Larch Lane to seed hedge funds.

  • Long/Short Equity Hedge Funds

    June 06, 2008

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

  • Man Acquires Stake In Nephila Capital

    June 06, 2008

    Man Group has approved a deal that will see the firm acquire a 25% stake in Nephila Capital, an alternative investment manager.

  • Mandate Scoreboard

    June 06, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through June 4.

  • One Year Ago In Alternative Investment News

    June 06, 2008

    KGR Capital launched a fund of hedge funds focused solely on Greater China.

  • Search Directory

    June 06, 2008

    The following directory includes search activity for the week.

  • Sovereign Wealth Funds Aim For Controlling Stakes

    June 06, 2008

    Despite some opinions about investments made by sovereign wealth funds, many are making such commitments to gain controlling stakes in companies, according to new research from Monitor.

  • Viburnum Opens Second PE Fund

    June 06, 2008

    Funds management group Viburnum Funds has launched the Viburnum Private Equity Fund 2, which targets private equity investments in small- to medium-sized businesses in Western Australia, WA Business News reports.

  • Wood Creek Sues SageCrest

    June 06, 2008

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


 

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