Stories

  • Clinton Group Partner Quits, Alleges Pricing Problems

    October 31, 2003

    Tony Barkan has resigned from The Clinton Group, where he was a senior partner.

  • Cazenove To Launch First Hedge Funds

    October 31, 2003

    Cazenove Fund Management, an $11 billion London-based long-only investment manager, is launching its first hedge funds.

  • Former Lynch & Mayer Chief Seeks Managers For Fund Of Funds

    October 31, 2003

    Eldon Mayer, the former chairman of large-cap manager Lynch & Mayer, is looking for emerging hedge fund managers for his new fund of funds venture, Mayer Capital Advisors.

  • PSAM Taps New Biz Development Official, Marketing Head To Exit

    October 31, 2003

    Nehro said his firm, which has not yet been named, will offer consulting services to asset managers and may engage in third-party marketing.

  • Tremont Taps Alpha Marketer In London

    October 31, 2003

    Tremont Capital Management, the giant fund of funds firm with $9 billion in assets, has hired a marketer from Alpha Investment Management.

  • Communications Provider Conducts Fund Of Funds Search

    October 29, 2003

    Avaya, a provider of communications networks and services headquartered in Basking Ridge, N.J., is seeking several hedge funds of funds for its defined benefit pension plan.

  • California Endowment Making Maiden Hedge Fund Foray

    October 28, 2003

    The University of the Pacific is seeking a hedge fund of funds manager to handle up to $6 million for the school's $136 million endowment.

  • Former Och-Ziff Head Trader Seeks Credit Analyst

    October 28, 2003

    JohnDavis Capital Management, a capital structure arbitrage hedge fund firm founded by Mike Silver, Och-Ziff Capital Management Group's former head of trading, is looking to hire a credit analyst.

  • Indiana Foundation Examining Funds Of Funds

    October 28, 2003

    The Central Indiana Community Foundation is examining its asset mix with an eye towards seeking a hedge fund of funds for its $336 million fund.

  • Maryland Firm Partners With Zacks For Option Overlay Fund

    October 28, 2003

    Chicago-based Zacks Investment Management has partnered with Rockville, Md.-based Lighthouse Partners Ltd. on a hedge fund that will apply an option overlay to the existing strategy employed by the Zacks Large Cap Market Neutral fund.

  • New Hampshire System Seeking Hedge Funds Of Funds

    October 28, 2003

    The University of New Hampshire System is seeking additional hedge funds of funds to fill another 5% of the endowment's alternatives allocation.

  • Former President Bush Speaks At Maverick Meeting

    October 27, 2003

    Former President George H.W. Bush made an appearance last week at Maverick Capital's 10th annual meeting.

  • Fiduciary Duty Claim Of Alger Case Could Apply To Hedge Funds

    October 27, 2003

    The breach of fiduciary duty for which the Securities and Exchange Commission barred a mutual fund manager at Fred Alger Management from the securities industry could be applied to hedge fund managers.

  • McDonald Close To Offering Hedge Funds

    October 27, 2003

    McDonald Investments plans to roll out registered hedge funds of funds as early as the first quarter.

  • Northeast Advisors To Add Hedge Funds Of Funds

    October 27, 2003

    Northeast Advisors, investment manager for the Baldwin family foundation, among others, is planning to introduce hedge funds of funds to its portfolios for the first time.

  • Pennsylvania Fund Being Educated On Hedge Funds

    October 27, 2003

    The $256 million Bucks County (Pa.) Employees Retirement Fund is examining various alternatives including hedge funds--and is undergoing an alternatives education by consultant PFM Advisors--as part of its consideration of carving out its first allocation to alternatives.

  • San Diego Firm Readies Hedge Fund

    October 27, 2003

    RMC Capital Management, a San Diego-based investment advisor that works with wealthy individuals and families, is putting together its third hedge fund, a balanced portfolio.

  • SEC Grapples With Hedge Fund Definition

    October 27, 2003

    Hedge funds which may be hoping to avoid registration under the Investment Advisers Act by restructuring their activities got a hint recently from a Securities and Exchange Commission official as to how the Commission may define "hedge fund" in an attempt to catch them.

  • SEI Investments Targets Hedge Funds With SEC Prep Course

    October 27, 2003

    As the potential for registration looms in the wake of the Securities and Exchange Commission's recent hedge fund report, SEI Investments is targeting its hedge fund clients with a preparatory SEC exam program.

  • SEI To Unleash Alternatives Effort

    October 27, 2003

    SEI Investments is soon to unveil a full-scale alternative investments effort, including SEI-branded hedge funds of funds, offshore funds and other types of privately placed investment vehicles.

  • SF Manager Using SEC Stamp In Positioning Fund

    October 27, 2003

    The San Francisco-based investment advisor that runs the family office for the Magowan family is taking a cue from the present market environment and is using the fact that its hedge funds are registered with the Securities and Exchange Commission--and have been for years--when marketing them.

  • Tech Portfolio Manager Exits New York Hedge Fund

    October 27, 2003

    Technology portfolio manager Marc Lewis has left New York-based hedge fund Exis Capital Management.

  • Former Lehman And RBC Credit Pros Ready Fund

    October 24, 2003

    3V Capital Management, a Greenwich, Conn.-based firm run by former high-yield and distressed officials from Lehman Brothers and RBC Capital Markets, is preparing to launch its first fund in December or January.

  • Dallas Firm Preps Financial Services Fund

    October 24, 2003

    Service Equity Management, an affiliate of Dallas-based investment bank SAMCO Capital Markets, is raising capital for a private equity fund focusing on the financial services sector.

  • Washington Endowment Creates CIO Position; Hedge Fund Searches Possible

    October 23, 2003

    The University of Washington is said to be seeking to hire a chief investment officer to fill a new position, and also is reportedly considering a search for hedge fund managers.

  • Deutsche Bank Appoints New Asian Prime Brokerage Sales Chief

    October 23, 2003

    Deutsche Bank has named Ryan Bacher to head hedge fund prime brokerage sales in Asia Ex-Japan out of Hong Kong.

  • Former Goldman Bank Debt Chiefs Take In Outside Capital

    October 22, 2003

    Anchorage Capital Group, a New York-based start-up run by former Goldman Sachs bank debt honchos Kevin Ulrich and Tony Davis, has begun to take in money from outside investors.

  • SSARIS Rolls Out Managed Futures Fund

    October 21, 2003

    Stamford, Conn.-based SSARIS has launched a fund based on its 20-year old managed futures program, the Diversified Trading Program.

  • Former Maverick Honcho Adopts Lone Pine-Inspired Fee Formula

    October 21, 2003

    Highside Capital Management, the highly touted start-up run by former Maverick Capital honcho Lee Hobson, has adopted a unique fee structure.

  • CDC Ixis Sub Plans To Open First Hedge Fund To Outside Investors

    October 21, 2003

    CDC Ixis Capital Markets will open its first hedge fund to outside investors in the first half of next year.

  • Insurer Considers Hiring Second Hedge Fund Firm

    October 20, 2003

    Highway Insurance Holdings is considering hiring a second hedge fund of funds manager, in addition to Union Bancaire Privée Asset Management (UBP), which was hired in August to manage 5% of its GBP290 million of assets under management.

  • BNY Touts Nascent Hedge Fund Arm

    October 20, 2003

    Bank of New York Alternative Investment Services is looking to raise the visibility of its wares through a marketing campaign.

  • Co-op Reviews, To Discuss Hedge Funds

    October 20, 2003

    The GBP1.5 billion CIS Employees' Pension Scheme, the Co-operative Insurance Society's final salary scheme, embarked on as asset/liability study (ALS) last month and plans to discuss investing in alternative investments, including hedge funds, next year.

  • HSBC Plans FX Hedge Fund

    October 20, 2003

    HSBC is planning a foreign exchange hedge fund. The firm has hired Andrew Baxter, global head of packaged foreign exchange fund products and quantitative fx program trading at Deutsche Bank in London, to be a director in fx derivatives and head of private client structured products and program trading globally, as part of the effort.

  • Japan's Largest Pension Fund Reviews Portfolio, Hedge Funds

    October 20, 2003

    The JPY32 trillion (GBP175 billion) Government Pension Investment Fund of Japan is reviewing its asset allocation and is considering making a first foray into alternative investments.

  • NASD Draws Lines On Hedge Fund Sales

    October 20, 2003

    Brokers recommending hedge fund shares are not allowed to use the performance of related funds as a selling point, the NASD said on Oct. 2--but that may change later.

  • Nova Scotia Teachers' Fund Goes For Hedge Funds

    October 20, 2003

    The C$6 billion Nova Scotia Public Service Superannuation & Teacher Pension Fund in Halifax, Nova Scotia, has appointed Barclays Global Investors (BGI) to manage 1% of the fund's assets in a Canadian long/short market neutral hedge fund strategy.

  • SEC Report Gives Boost To Hedge Funds And SMAs

    October 20, 2003

    Hedge funds wanting access into fee-based separate account programs may have just gotten an unexpected push from the Securities and Exchange Commission's staff recommendations for hedge funds.

  • Sweden's AP7 Reportedly Mulls Emerging Hedge Fund Of Funds

    October 20, 2003

    AP-Fonden 7, Sweden's national defined contribution pension fund, is considering investing in an emerging manager hedge fund of funds, according to business development officials.

  • UBS Reviews DB Scheme; May Consider Hedge Funds

    October 20, 2003

    The GBP1 billion UBS Warburg Pension & Life Assurance Scheme in London is conducting a review of its defined benefit scheme, that is due to conclude by year-end.

  • WestLB Recruits Bermudan Hedge Fund Pro

    October 20, 2003

    Westdeutsche Landesbank has hired Jean Michel Darreguet, senior trader at Bermuda-based hedge fund Ross Capital Markets, as head of equity derivatives trading in Tokyo.

  • Presbyterian Fund Weighing Consultant Search For Hedge Fund Foray

    October 17, 2003

    The Presbyterian Foundation is considering seeking a consultant to assist it with researching and possibly searching for various alternatives managers, including hedge funds, as the fund is considering increasing its alternatives allocation.

  • Atlas Launches Novel Fund Of Funds

    October 17, 2003

    Atlas Capital, a London-based multi-strategy fund of funds firm, has launched a novel fund of funds.

  • Bear Stearns Creates Hedge Fund Group; Premier Fund of Funds In The Works

    October 17, 2003

    Bear Stearns Asset Management has created a unit specifically dedicated to hedge funds and is planning to launch its first non-proprietary hedge fund of funds by the first quarter.

  • Carle Foundation Debating Diversification, Hedge Funds

    October 17, 2003

    Members of the Carle Foundation are debating whether to diversify the $225 million fund, the entirety of which is currently invested in domestic and international equity mandates.

  • French Fund Of Funds Seeks Analysts

    October 17, 2003

    HDF Finance, a French multi-strategy fund of funds firm with EUR1 billion in assets, is seeking two Paris-based analysts to select U.S. hedge funds. The firm does not have an office dedicated to research in the U.S., said Alexandre Poisson, head of research.

  • Long-Short Precious Metals Fund Prepped

    October 17, 2003

    Global Advisors, a $110 million London-based hedge fund firm, is readying a gold fund that will short mid- and large-cap mining stocks, dubbed Global Precious Metals Fund.

  • New Zurich Spin Off Seeks Quant Analyst

    October 17, 2003

    The recently spun off fund of funds firm Lyra Capital, which manages $1.3 billion, is seeking a quantitative analyst to select and monitor performance of its underlying hedge funds based on the quantitative and modeling approach of the firm.

  • Singapore Macro Firm Taps UBS Derivatives Honcho

    October 17, 2003

    Aman Capital Management, a Singapore-based global macro manager founded last summer, has hired a head of risk management as it prepares for its first fund launch next month.

  • Credit Lyonnais Adds New Fund Derivatives Co-Head

    October 16, 2003

    Credit Lyonnais Securities has added a new co-head for its hedge fund structuring group in London, tapping Fabrice Perez from Rabo Securities.

  • Dallas Firm In The Market With Energy Fund

    October 16, 2003

    Dallas-based Energy Spectrum Capital is looking to raise $300 million for its fourth fund.

  • Former Goldman Official To Launch Asian Convert Fund

    October 16, 2003

    Indigo Partners, a New York-based hedge fund start-up run by a former Goldman Sachs official, is preparing to launch an Asian-focused convertible arbitrage fund early next year.

  • Illinois Firm Plans New CTA Fund

    October 16, 2003

    Hinsdale, Ill.-based commodity trading advisor Clarke Capital Management is planning to launch a new fund this fall in conjunction with Andros Funds, a Nassau, Bahamas-based firm that sponsors offshore funds.

  • Cap Z Teams With Management To Buy Out Zurich Fund Of Funds Unit

    October 15, 2003

    Private equity firm Capital Z Investment Partners and the head of Zurich Capital Markets' (ZCM) Benchmark fund of funds group have joined forces to buy out the unit.

  • Citco's French Sub To Launch Registered Fund Of Funds

    October 15, 2003

    Citco Fund Advisors, the French fund of funds unit of giant hedge fund administrator Citco Group, is prepping its first registered fund of funds.

  • FRM Snags Goldman Official For CTA Push

    October 15, 2003

    Multi-billion dollar fund of funds giant Financial Risk Management (FRM) is placing a greater emphasis on commodity trading advisors--and will be increasing its investment in this area over the next three-six months.

  • Global Macro Firm Restructures

    October 14, 2003

    Tactical Global Management (TGM), a global macro and currency hedge fund firm that manages $650 million, has reorganized its reporting lines as part of a global push.

  • Alcentra Rolls Out Loan Fund

    October 13, 2003

    The Alcentra Group launched a new hedge fund called Avila Fund.

  • Bristol Prepping Private Equity Search

    October 13, 2003

    The Bristol County (Mass.) Retirement System, seeking to boost returns, will launch searches for at least one real estate manager and a private equity manager for its $265 million plan.

  • British Fund Of Funds Hires K2 Analyst, Opens Big Apple Office

    October 13, 2003

    International Asset Management (IAM), a London-based fund of funds firm that manages $1.4 billion, has tapped Mark DeAngelis from K2 Advisors to be a senior analyst for its newly created New York office.

  • Ex-Lehman Equity Head Connected With Highbridge Capital

    October 13, 2003

    Mark Sanborn, former managing director in equities at Lehman Brothers in New York, has resurfaced at hedge fund giant Highbridge Capital Management, which manages over $4.5 billion in assets.

  • GAM Seeks Marketing Blitz For Fund Of Funds Business

    October 13, 2003

    GAM is seeking to increase its hedge fund of funds business, and as part of the effort has hired Craig Brownell, a client portfolio manager at Fiduciary Trust International, as its director of institutional business development.

  • Lawyers Call For Tax Reform To Bring Hedge Funds Onshore

    October 13, 2003

    Lawyers are calling for a change in tax law in order to make a success of the U.K. regulator's proposed opening up of hedge funds to high-net-worth individuals. Moving hedge funds onshore should increase the number of funds and subsequently provide a boost to the over-the-counter derivatives markets, noted Matthew Judd, partner at Clifford Chance in London.

  • Muirfield Capital Seeks Managers

    October 13, 2003

    Muirfield Capital Management, a hedge fund of funds backed in part by former Donaldson, Lufkin & Jenrette ceo and chairman John Chalsty, is seeking managers and expects to add to its staff.

  • Taiwan Regulator Seeks Clarification On Hedge Funds

    October 13, 2003

    Taiwan's Securities and Futures Commission has come back to the Securities Investment Trust & Consulting Association of R.O.C. asking for clarifications on a proposal to open hedge funds for retail investors.

  • Textile Co. To Scan Fund In November; Searches Possible

    October 13, 2003

    The board of directors of Albany International Corp. will conduct an investment review of its $135 million defined benefit plan in November.

  • Dexia Preps High-Yield Fund

    October 10, 2003

    Dexia Asset Management's Paris-based alternatives group is preparing to launch a new hedge fund, Dexia Credit Arbitrage.

  • Former Merrill Derivatives Official Taps Strategist

    October 10, 2003

    Forbes Investment Management, a London-based start-up hedge fund firm run by a former Merrill Lynch derivatives official, has hired a chief portfolio strategist.

  • Former UBS Prop Trading Chief Plans Fund, Seeks Traders

    October 10, 2003

    Caspar Marney, formerly global head of proprietary technical trading for UBS Warburg, is planning to launch his first fund early next month.

  • Former Viking, Bernstein Officials Join Forces For Fund

    October 10, 2003

    Peter Uddo, a former portfolio manager at Tiger cub Viking Global Investors, and Kevin Oram, the former global sector head of technology investments at Sanford C. Bernstein & Co., have founded a new firm, Praesidium Investment Management.

  • Jersey Hedge Fund Boosts U.S. Presence

    October 10, 2003

    Liberty Ermitage, a Jersey-based hedge fund manager with over $1 billion under management, is boosting its nascent U.S. presence.

  • Manitoba Workers Comp Fund May Consider Hedge Funds Next Year

    October 10, 2003

    The Workers Compensation Board of Manitoba (WCB) may consider adding hedge funds to its C$715 million ($531 million) portfolio next year.

  • REFCO Preps CTA Fund of Funds

    October 10, 2003

    REFCO Alternative Investments (RAI) is readying an actively managed commodity trading advisor fund of funds for year-end.

  • VC firm Seeds Managers In London, Dublin, N.Y.

    October 10, 2003

    BRI Partners, a venture capital firm specializing in start up and early stage hedge fund management companies, has seeded three managers in London, Dublin and New York.

  • Wellspring Partners With Zuma Capital Partners For Private Equity Investments

    October 10, 2003

    Wellspring Capital Management, a New York-based private equity firm, has partnered with Los Angeles-based Zuma Capital Partners to identify middle-market private equity investment opportunities.

  • Chicago Jewish Federation Seeks Hedge Funds

    October 09, 2003

    The $414 million Jewish Federation of Metropolitan Chicago will seek to make direct investments in hedge funds, real estate and private equity funds over the coming months following the hiring of several alternative consultants.

  • CMA To Launch Leveraged Structured Note

    October 09, 2003

    Capital Management Advisors (CMA) is raising money for a five-year European medium-term note linked to its Pantheon fund of funds.

  • Dublin Hedge Fund To Make Pension Marketing Push

    October 09, 2003

    Alder Capital, a Dublin-based currency hedge fund manager, is making a push to capture pension fund assets.

  • J.P. Morgan Global Macro Officials Prep Fund

    October 09, 2003

    Two J.P. Morgan investment officials have joined forces to launch a macro fund.

  • Moore Prez And Tiger Cubs Feast At Private Soirée

    October 09, 2003

    A select number of hedge fund executives, including some Tiger cubs, gathered for an exclusive dinner last night at a private New York residence.

  • Parish Capital Launching Private Equity Fund Of Funds

    October 09, 2003

    Parish Capital Advisors, which was launched July 1, is rolling out a private equity fund of funds-its first product-that will target institutional investors, including nonprofit funds.

  • Blackstone Taps Risk Pro From Former Vendor

    October 08, 2003

    Blackstone Alternative Asset Management has hired Christopher Rapcewicz, formerly a risk professional from Measurisk, a New York-based company that was its risk management vendor until it became insolvent last summer.

  • Former Caxton, TAG Honchos Prep Fund

    October 08, 2003

    Jerry Stelli, a former business development director at hedge fund giant Caxton Associates, and Andrew Malloy, a former cio of multi-family office TAG Associates, have started their own firm and are preparing to launch a fund of funds early next year as well as take stakes in hedge fund managers.

  • Acartha Seeking To Acquire Single-Strategy Alternatives Managers

    October 07, 2003

    The Acartha Group, an alternative investment manager to institutional investors such as foundations and endowments, is seeking to acquire single strategy hedge fund, private equity and specialized real estate managers in order to round out its array of investment strategies.

  • Adelaide Scheme Searches For Oz Private Equity Manager

    October 07, 2003

    The Independent Schools Superannuation Trust, with AUD350 million (GBP143 million) in assets, is searching for managers to run Australian private equity and infrastructure.

  • Aussie Electrical Super Ventures Into Alternatives

    October 07, 2003

    The AUD240 million (GBP99 million) Electrical Industry Superannuation Trust in Keswick, South Australia, has made a first foray into alternative investments in a bid to enhance returns through diversification.

  • Baring HK Hires Analysts

    October 07, 2003

  • Conn. Fund Of Funds Seeks Distressed Managers

    October 07, 2003

    Parker Global Strategies, an asset management firm with $350 million in assets, will seek to raise $50-100 million from foundations and endowments and other institutions, for its new PGS Distressed Opportunities Fund, a fund of funds that offers distressed debt funds as well as hedge fund investments.

  • DrKW Expects to Launch Hedge Fund Index Securitization

    October 07, 2003

    Dresdner Kleinwort Wasserstein is planning to structure what would be the first collateralized fund obligation referenced to an index of hedge funds.

  • Ex-Grantchester Bigwig Starts Hedge Fund

    October 07, 2003

    Hoyt Ammidon, one of the founding members of Grantchester Securities, a trading and research-oriented high-yield boutique that essentially closed last year, has started a hedge fund called Semaphore Management, according to high-yield sell-side officials.

  • French Hedge Fund Rolls Out U.S. Marketing Effort

    October 07, 2003

    Systeia Capital Management, a Paris-based hedge fund with EUR750 million under management, is making a marketing push in the U.S.

  • Funds Advised To Gear Up For Regulation

    October 07, 2003

    Hedge funds should start getting ready for regulation even though the Securities and Exchange Commission's report is far from the rule proposal stage, advised lawyers and an accountant.

  • Graham Capital Launches Energy Trading Desk

    October 07, 2003

    Stamford, Conn., hedge fund Graham Capital Management has hired former Duke Energy North America trader Chris Hill to build an energy desk that will focus on oil and gas trading.

  • Hedge Funds Prep Anti-Money Laundering Strategies

    October 07, 2003

    Hedge funds have begun ramping up their procedures and technology for client identification, although they are not yet required to have such policies in place, but are anticipating that will be the case.

  • Jordan Hires With Eye To Buy

    October 07, 2003

    The Jordan Company, a New York based private equity firm, sees growing opportunities for acquisitions in the $50 million to $1 billion range and has hired a principal and two associates to bulk up its staff.

  • Kinetics Readies Medical Hedge Funds

    October 07, 2003

    Kinetics Asset Management is planning to launch domestic and offshore hedge fund versions of its Medical Fund.

  • New Sydney Firm Plans Alternatives Manager Hires

    October 07, 2003

    Newly-established Aurora Funds Management in Sydney will launch three Australian alternative funds in December and is in the process of selecting asset managers to run the funds. Hugh

  • Norfolk Council Eyes Private Equity

    October 07, 2003

    The approximately GBP1.3 billion Norfolk County Council Superannuation Fund is considering making a first foray of 5% of assets into alternatives, including private equity.

  • Old Dominion Boosts Alternatives; Seeking Consultant

    October 07, 2003

    The $100 million Old Dominion University endowment has increased its alternatives allocation to 45% from 5% and, as part of the increase, will search for funds of funds managers to handle timberland, real estate, energy, private equity and venture capital investments.

  • Razorbacks To Launch Multiple Searches

    October 07, 2003

    The University of Arkansas Foundation will search for a global emerging markets equity manager, a global small-cap equity manager, a hedge fund and a private equity manager to handle up to $80 million in combined assets.

  • SEC Calls Misrepresentation As Hedge Fund 'Fraud du Jour'

    October 07, 2003

    Securities and Exchange Commission regulators have noticed use of the term "hedge fund" in investment management marketing materials as a way to draw attention from potential investors.

  • SEC Recommendation Would Open Marketing To Wealthy Investors

    October 07, 2003

    The Securities and Exchange Commission staff's recommendation to remove the ban on general solicitation to wealthy investors could mean a relaxation on the marketing rules hedge fund managers must follow.

  • SEC's Campos Sees U.S. Behind Europe On Hedge Funds

    October 07, 2003

    The Securities and Exchange Commission's Roel Campos said the U.S. needs to get in line with European countries, such as France, which already has hedge fund regulations in place.

  • SEC's Glassman Calls Hedge Fund Regulation Possibly 'Unrealistic'

    October 07, 2003

    The SEC's registration of hedge funds could create "unrealistic" obligations for inspectors of hedge funds, said Securities and Exchange Commission Member Cynthia Glassman.

  • Venture-Backed IPO Pipeline Bulging

    October 07, 2003

    A flush pipeline of venture-backed IPOs augurs well for venture capital firms, according to Thomson Venture Economics and the National Venture Capital Association (NVCA), which last week issued results for the third quarter.

  • Bayer Names New Investment Head

    October 06, 2003

    Bayer Pensionskasse, the $6 billion corporate pension scheme for the German drug-maker Bayer, has a new gatekeeper.

  • Citi Forms Structured Unit

    October 06, 2003

    Citigroup Alternative Investments has created a Structured Alternative Investments (SAI) group that will develop funds of funds to invest in a myriad of alternative investments including hedge funds, managed futures, private equity and real estate, said a CAI official.

  • Completed Searches Table

    October 06, 2003

  • Connecticut Fund Eyes Lending, Social Responsibility

    October 06, 2003

    Contrarian Capital Management, a multi-strategy hedge fund firm with a focus on distressed investments, is making a push into two areas not often associated with hedge funds.

  • Dutch Telecom Co. Makes First Foray Into Hedge Funds

    October 06, 2003

    The EUR500 million pension scheme for the Dutch telecom service provider Arcadis in Arnhem has made its first foray into hedge funds as part of recent changes to its asset allocation.

  • French Gov't Fund To Look At Hedge Funds

    October 06, 2003

    France's Fonds de Reserve pour les Retraites (FRR), the gigantic public fund created to help finance France's retirement system, will look at making a foray into hedge funds sometime next year.

  • Funds of Hedge Funds: An Introduction to Multi-Manager Funds

    October 06, 2003

    In addition to the enhanced risk/return profile of funds of hedge funds, there are numerous additional structural benefits to investment in multi-manager hedge funds.

  • Hedge Fund Incentive Fees

    October 06, 2003

    One of the ironies of hedge fund investing is that investors can provide conflicting incentives to the hedge fund manager.

  • MFA To Lobby Task Force

    October 06, 2003

    The Managed Funds Association, the Washington, D.C.-based hedge fund trade group, in reaction to the Securities and Exchange Commission staff report on hedge funds, is planning to lobby other government agencies to prevent hedge funds from being forced to become registered investment advisors.

  • New Searches Table

    October 06, 2003

  • Oak Hill To Launch High-Yield Fund

    October 06, 2003

    Oak Hill Advisors, the investment firm run by billionaire Robert Bass and his team, with $4.4 billion under management, is planning to launch a high-yield fund later this year.

  • Orphan Drug Act: Stimulating VCPE Investment in the Treatment of Rare Diseases

    October 06, 2003

    Orphan drug companies sit at the intersection of the public and private sectors, as various regulatory agencies and nonprofit organizations join to encourage the development of new treatments for rare diseases-about 6,000 mostly genetic ailments that, in sum, affect roughly one in ten Americans, or close to 25 million people.

  • Potential Searches Table

    October 06, 2003

  • Risks and Rewards in Biotech Investing

    October 06, 2003

    Biotechnology investments have been historically rewarding, but with the recent advances in and excitement about mapping the human genome, interest in this sector has been explosive.

  • Search & Hire Directory

    October 06, 2003

    The following directory includes search and hire activity for the past month.

  • Structured Equity Products: A New El Dorado Or The Next Kitchen Sink?

    October 06, 2003

    Over the last year, a number of high-profile structured finance sell-siders have left the Street to venture into a new corner of the hedge fund world--structured finance strategies, with a strong emphasis on the equity tranche.

  • Swedish Insurer Hires Four Fund-Of-Hedge-Fund Managers

    October 06, 2003

    Skandia Liv, Sweden's largest life insurer with approximately SEK240 billion (EUR27 billion) in assets under management, has hired four fund-of-hedge-fund managers for a total of SEK2 billion.

  • Tennis Pro Serves Up Hedge Fund

    October 06, 2003

    Newly retired tennis star Michael Chang and his brother/coach Carl are hoping to launch a $100 million long/short hedge fund directed at qualified investors in the United States and China.

  • Updated Searches Table

    October 06, 2003

  • "The hedge fund managers who love to buy those illiquid instruments are in mortgage land, because it's illiquid and it's hard to mark. You don't see the mismark until there is a blow-up."

    October 05, 2003

    --Mark Walker, a structurer in the fund-linked derivative group of Zurich Capital Markets, commenting on a new group of hedge funds that buy the equity tranches of structured finance vehicles.


 

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