Stories

  • TCU To Revamp Investment Strategy

    June 20, 2008

    The $1.2 billion endowment of Texas Christian University will no longer be defining hedge funds as an asset class, a move that will give the university more flexibility when investing in the strategies.

  • Xavier Hires New Investment Head, Looks At Alts

    June 20, 2008

    Xavier University has hired Maribeth Amyot as v.p. for financial administration to oversee its $120 million endowment.

  • Chicago Schools Kick Off Hedge Fund Interviews

    June 20, 2008

    The $11 billion Chicago Public School Teachers Pension & Retirement Fund has narrowed down its list of candidates for funds of hedge funds and will conduct manager interviews in the summer and fall.

  • Algert Coldiron Readies Asia Strat

    June 19, 2008

    San Francisco firm Algert Coldiron Investors is preparing to launch the Abaci Fund in July.

  • Egypt’s Naeem To Start USD19M IPO Fund

    June 19, 2008

    Egypt’s second largest investment bank by market value, Naeem Holding, plans to start a 100 million Egyptian pound (USD19 million) fund to acquire stakes in firms that plan to float, Reuters reports.

  • Dubai Commits USD250M To Shariah Commodities

    June 19, 2008

    The Dubai Multi Commodities Centre Authority (DMCC) announced plans to invest USD50 million in five Shariah-compliant commodity hedge funds, Reuters reports.

  • FSN Closes Fund At EUR375M

    June 19, 2008

    Nordic buyout firm FSN Capital Partners has closed its latest fund, FSN Capital III, at EUR375 million, beating its original EUR300 million, AltAssets reports.

  • Former Citi CFO Starts Cleantech Fund

    June 19, 2008

    Former Citigroup CFO Todd Thompson is looking to raise USD3 billion for a new clean technology private equity fund, a source told VentureBeat.

  • Lehman's Rieder Buys USD5B Securities

    June 19, 2008

    Lehman Brothers Holdings has invested in former trader Rick Rieder’s new hedge fund R3 Capital Partners and sold roughly USD5 billion of assets, Bloomberg reports.

  • Bear Fund Managers Arrested For Fraud

    June 19, 2008

    Bear Stearns former hedge fund managers Ralph Cioffi and Matthew Tannin were taken into custody over fraud charges regarding the collapse of two funds tied to the subprime mortgage crisis, Bloomberg reports.

  • Industry Slams FSA Short-Selling Clampdown

    June 19, 2008

    The U.K. Financial Services Authority’s recent clampdown on short-selling has provoked outrage across the hedge fund industry.

  • Morgan Adds Credit Sales Chief

    June 19, 2008

    Morgan Stanley has recruited Ben Falloon to boost credit and interest rates structured product sales throughout the Asia ex-Japan region.

  • Tiburon Adds Long China Exposure

    June 19, 2008

    Tiburon Partners is upping the long exposure to China in its long/short Greater China Tiburon Tao Fund.

  • Shaka Launches New Japan Fund

    June 18, 2008

    Hedge fund manager Shaka Capital Management has launched the Shaka Japan Fund in New York with capital from its partners and the goal of reached USD1 billion, Asian Investor reports.

  • Aussies To Commit AUD1B more To Hedge Funds

    June 18, 2008

    Australian superannuation funds plan to commit another AUD1 billion to hedge funds over the next five years, Investment & Technology reports.

  • Goldman FoHF Raises USD221M On LSE

    June 18, 2008

    A Goldman Sachs Group-run listed fund of hedge funds has increased its assets by roughly 25% and raised USD221.3 million on the London Stock Exchange, Dow Jones reports.

  • Paulson: Writedowns Could Touch USD1.3T

    June 18, 2008

    Paulson & Co. Founder John Paulson has conjectured that global write downs and losses stemming from the credit crisis could touch USD1.3 trillion, surpassing the International Monetary Fund’s USD945 billion estimate, Bloomberg reports.

  • SGAM Names Alt Unit Head

    June 18, 2008

    Société Générale Asset Management has named Olivier Leclerc ceo of its subsidiary, SGAM Alternative Investments, effective June 1.

  • SYW Brings On Investment Analyst

    June 18, 2008

    SYW Capital Management is in the midst of expanding its team, starting with new hire Matt Petricone as an investment analyst.

  • Galleon Hires Ex-DBS Managing Director

    June 18, 2008

    Raj Rajaratnam’s $7.3 billion Galleon Group has tapped David Lau, former managing director at Singapore bank DBS Group, to head up the firm’s latest offering.

  • Judge Orders Tuckerbrook To Pay Fees

    June 18, 2008

    Tuckerbrook Alternative Investments has been ordered to pay Sumanta Banerjee his share of management fees stemming from the Tuckerbrook | SB Global Distressed Fund I, of which he is a general partner.

  • Aladdin Readies Mortgage Fund

    June 18, 2008

    Stamford, Conn., credit house Aladdin Capital Holdings will launch the Aladdin Opportunity Fund later this year to take advantage of dislocation and mispricing in the mortgage markets.

  • Web Site To Link Funds, Capital

    June 18, 2008

    With social networking all the rage, a new Web site is set to link hedge funds with potential investors.

  • Shoreline To Staff Up

    June 18, 2008

    Prime broker Shoreline Trading Group is seeking to make three new hires to add to its staff of six in New York.

  • Truman Preps Third Mortgage Loan Fund

    June 18, 2008

    Armonk, N.Y., firm Truman Capital Advisors will launch its third U.S. residential mortgage loan and mortgage-backed securities fund in the next few weeks.

  • South Carolina Hires Alts Director

    June 18, 2008

    Hershel Harper has joined the $28 billion South Carolina Retirement System as director of alternative investments.

  • Pamplona Adds Energy Shorts

    June 18, 2008

    Pamplona Capital Management is adding energy shorts to its E+T Global Fund.

  • Old Lane Credit Desk To Be Folded Into Citi

    June 18, 2008

    The structured credit desk of hedge fund Old Lane Partners will be folded into the Citigroup proprietary desk.

  • Gartmore Gets Biz Development Pro

    June 18, 2008

    Ana Tomic has joined Gartmore Investment Management on Monday as a business development director.

  • TCU To Revamp Investment Strategy

    June 17, 2008

    The $1.2 billion endowment of Texas Christian University will no longer be defining hedge funds as an asset class, a move that will give the university more flexibility when investing in the strategies.

  • ING Group To Raise USD5B For MENA

    June 17, 2008

    Netherlands-based ING Group plans to raise up to USD5 billion in the Middle East and North Africa (MENA) over the next three years via investment funds, with a specific focus on getting a hold on Saudi Arabia, Arabian Business reports.

  • Korea’s Woori To Start Asia Fund

    June 17, 2008

    South Korean broker Woori Investment & Securities announced plans to start a USD100 million Asia-focused hedge fund in Singapore, Reuters reports.

  • Carlyle Asia Names Senior Director

    June 17, 2008

    Private equity firm The Carlyle Group has selected Sunil Kaul to serve as senior director of financial services of Carlyle Asia Partners, The Economic Times reports.

  • Odey Preps New FoFs

    June 17, 2008

    Odey Asset Management is reportedly preparing for the launch of a new fund-of-funds, Financial News reports.

  • Private Equity Up In Q407, Down From 2006

    June 17, 2008

    Private equity investments shifted upwards about a percentage point in the final quarter of 2007 ending in December, Reuters reports.

  • Obama, EP Member In Talks About Alt Regulation

    June 17, 2008

    Former Danish Premier Poul Nyrup Rasmussen is reportedly in talks with aides to U.S. presidential nominee Barack Obama about the possible regulation of private equity and hedge funds firms, The Independent reports.

  • FBR Directors To Start New Mortgage Fund

    June 17, 2008

    Mortgage analyst and money manager Michael Youngblood announced plans to start a new hedge fund with partner Steve Gaenzler sometime during the next 30 to 60 days, Reuters reports.

  • Blackfish Adding Second Currency Basket

    June 17, 2008

    Blackfish Capital Management will add a second currency basket in the next few days to its global macro Blackfish Capital Exodus Fund, which launched in April to exploit the weak U.S. dollar.

  • First Horse Shuts Down

    June 17, 2008

    First Horse Capital, the Hong Kong-based hedge fund firm co-founded by former Citigroup managing director Ajay Kapur, will shut down in upcoming weeks.

  • Highland Builds Central Risk Management Team

    June 17, 2008

    Highland Capital Management is centralizing its risk management activity in response to recent market troubles.

  • Abu Dhabi Investment Council Names CIO

    June 16, 2008

    The Abu Dhabi Investment Council has named Shiv Srinivasan its new chief investment officer for active investment strategies, including hedge fund investing, HedgeWeek reports.

  • Ashmore Unit Aims To Acquire Philippine’s Petron

    June 16, 2008

    SEA Refinery Holdings, a unit of investment fund Ashmore Group on Friday offered to buy another 20% stake in Philippine oil refiner Petron for almost $827 million, a deal that would give it a 60% stake and full control of the company, Reuters reports.

  • Hudson Clean Energy Adds Partner

    June 16, 2008

    Alternative energy private equity firm Hudson Clean Energy Partners has named Shaun Kingsbury a partner, based in London, AltAssets reports.

  • MGPA Closes Fund III At USD5.2B

    June 16, 2008

    Private equity real estate investment advisory firm MGPA had the final closing of MGPA Fund III with commitments of USD5.2 billion.

  • Ontario Govt. Launches CAD205M VC Fund

    June 16, 2008

    Ontario’s Ministry of Research and Innovation launched the CAD205 million Ontario Venture Capital Fund in partnership with OMERS Capital Partners, RBC Capital Partners, Manulife Financial, the Business Development Bank of Canada and TD Bank Financial Group, Ottawa Business Journal reports.

  • Judge Slams Lake Shore

    June 16, 2008

    Chicago-based hedge fund Lake Shore Asset Management, which was accused by U.S. regulators of hiding upwards of $37.5 million in trading losses, was punished by a judge for failing to comply with her demands, Chicago Tribune reports.

  • Buechler Eyes Chinese Investors

    June 16, 2008

    William Buechler, president and cio of La Jolla, Calif., firm Buechler Capital Asset Management, plans to travel to Hong Kong in August to meet with potential clients.

  • Blacksquare Touts Commodity FoF

    June 16, 2008

    Blacksquare Capital in London is seeking assets for its commodity fund of hedge funds, which launched on June 1 with $25 million seed capital from a Swiss bank.

  • KKR Hires First Compliance Chief

    June 16, 2008

    Kohlberg Kravis Roberts has hired its first chief compliance officer, highlighting what industry professionals described as a renewed compliance focus in the private equity industry.

  • Numeric Merges Three Stat Arb Funds, Plans 130/30 Strat

    June 13, 2008

    Numeric Investors, the $16 billion hedge fund firm in Boston, has merged three of its statistical arbitrage funds into one $1 billion fund.

  • Israel To Mentor Russia For VC Growth

    June 13, 2008

    Israeli investment firm Tamir Fishman & Co. has landed a deal with the Russian government tender to create a venture capital fund that will manage a $100 million investment in Russian technology startups, EETimes reports.

  • India Hospitality Hires Development Czar, Plans USD200M Fund

    June 13, 2008

    India Hospitality Corp. has hired Ravi Deol, a renowned retail developer, to work on a project to expand its hotels and food services businesses.

  • 3i Raises GBP114M For Infrastructure

    June 13, 2008

    A publicly traded fund from U.K. private equity firm 3i Group, 3i Infrastructure, raised another GBP114.6 million to commit to infrastructure projects, Dow Jones reports.

  • Blacksquare Commodities Fund Of Fund Debuts

    June 13, 2008

    London-based Blacksquare Capital Management has launched a commodities fund of hedge funds for which it hopes returns will reach 15%, HedgeWeek reports.

  • RREEF Hires Client Relations Head

    June 13, 2008

    RREEF Alternative Investments has expanded its s executive staff with the appointment of Susan Barlow as managing director and head of global client relations, IPE reports.

  • Cerberus Capital Starts Distressed Fund

    June 13, 2008

    Private equity firm Cerberus Capital Management is starting a new fund that will invest in assets losing value as a result of the credit crisis, Chairman John Snow told Reuters.

  • New Bill Could Up PE Taxes

    June 13, 2008

    A bill before the New York state legislature would allow city taxation of carried interest through unincorporated businesses, thanks to an east side assemblyman, Micah Kellner, HedgeWorld.com reports.

  • Gerken Plans Private Equity FoF

    June 13, 2008

    The $1.3 billion San Francisco-based Gerken Capital Associates will launch a fund of private equity funds focused on emerging markets later this year.

  • Vision Snags New Talent

    June 13, 2008

    New York’s Vision Capital Advisors has hired two recent graduates of Harvard Business School who will begin the week of June 16.

  • Bank-Eligible FoF To Launch After Delay

    June 13, 2008

    Chicago-based Wamberg Asset Management expects to roll out a bank-eligible fund of hedge funds in the next 60 days—more than seven months after it was supposed to launch.

  • "There is certainly opportunity in Iraq. But there's probably opportunity in Mars."

    June 13, 2008

    --A skeptical San Francisco consultant on the appeal of investing in Iraq.

  • Search Directory

    June 13, 2008

    The following directory includes search activity for the week.

  • Mandate Scoreboard

    June 13, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through June 11.

  • Multi-Strategy Hedge Funds

    June 13, 2008

  • Vision Eyes Private Equity

    June 13, 2008

    Vision Capital Advisors is considering launching a private equity strategy, possibly by year's end, to enable it to invest in more privately-owned companies.


 

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