Stories

  • Ascension To Re-Examine Maiden Hedge Fund Allocation

    January 09, 2004

    Ascension Health will once again consider a $275 million maiden allocation to hedge funds of funds for its $3 billion investment pool?of which $1.7 billion is dedicated to nonprofit hospital assets.

  • BAE Systems To Explore Hedge Funds, Private Equity Investments

    January 09, 2004

    The investment committee of BAE Systems’ $1.3 billion defined benefit plan will explore the possibility of investing in hedge funds or private equity or both.

  • Former II-Ranked Analyst Taps Bear Stearns Officials

    January 09, 2004

    Hayground Cove Asset Management, a long/short equity hedge fund firm founded by former Bear Stearns analyst Jason Ader, has hired two analysts from his former firm.

  • FRM Scandinavian Marketer Retires

    January 06, 2004

    A London-based marketer covering Scandinavia at fund of funds giant Financial Risk Management (FRM) is slated to leave the firm tomorrow.

  • AIP To Add Distressed Securities

    January 05, 2004

    Alternative Investment Partners is planning to add a distressed securities hedge fund manager to the Alpha Hedged Strategies Fund.

  • Burden Hedge Fund Arm To Expand Distribution

    January 05, 2004

    The fund of funds arm of William A.M. Burden & Co., a family office for descendants of Cornelius Vanderbilt, is planning to bulk up distribution arrangements for its alternative investments in 2004, a major change from the group's traditional reliance on one distribution partner.

  • Hedge Funds Seek Consulting Help

    January 05, 2004

    Hedge funds are looking to consultants as increasing demand for compliance help mounts.

  • Hedge Funds Threaten Cutting U.S. Advisers

    January 05, 2004

    Some hedge funds, including ones incorporated in the U.S. but with offshore administrators, are considering dropping U.S. investment advisers as one way to avoid having to comply with the U.S. Department of Treasury's pending anti-money laundering rules.

  • Jarring Returns May Lead Family Offices To Alternative Investing

    January 05, 2004

    With the changeover into 2004, families will be able to take a fresh look at three-year performance numbers, and for some families this popular performance benchmark may bring with it a bit of a shock.

  • Merrill Eyes Registered Hedge Fund

    January 05, 2004

    Merrill Lynch is discussing jumping into the registered hedge fund space to target the mass affluent investor.

  • Prop Desks Eye Hedge Fund Spin Offs

    January 05, 2004

    Derivatives houses are starting to review the structure of proprietary trading desks to reduce volatility of earnings and keep top staffers.

  • Regulations, Scandals To Boost Registered Hedge Funds

    January 05, 2004

    More fund companies are expected to develop registered hedge funds next year.

  • Upper-Tier Affluent Plow Into Hedge Funds

    January 05, 2004

    Hedge funds have been a hot area for high-net-worth individuals with more than $10 million in assets.

  • When Will Lazard Private Placement Team Score?

    January 05, 2004

    More than 10 months have passed since Lazard, with some fanfare, lured away nine members of Merrill Lynch's private equity placement team.

  • Alabama Fund Mulling Hedge Funds, Seeks CFO

    January 02, 2004

    The $102 million Community Foundation of Greater Birmingham is considering a maiden hedge fund allocation for diversification, and is seeking its first CFO to monitor the fund's asset allocation and work with its investment committee and consultant to ensure implementation of the fund's investment policy.

  • Everest Expands Far Eastern Offerings

    January 02, 2004

    Everest Capital, which manages approximately $1 billion, has rolled out two Asian hedge funds.

  • REFCO Expands U.S. Marketing Effort

    January 02, 2004

    REFCO Alternative Investments (RAI), a $350 million fund of funds investing in CTA baskets and funds linked to the S&P managed futures index, is revamping its sales operations in the Americas with the creation of five senior sales positions.

  • Fortis Contemplates Fund of Funds

    December 31, 2003

    Fortis Investments is in discussions to launch a hedge fund of funds next year in Germany once the legislation to make them available to the retail segment come through.

  • Italian Bank Sub Rolls Out Funds of Funds

    December 31, 2003

    Capitalgest Alternative Investments, the new hedge fund of funds subsidiary of Italian banking concern Banca Lombarda, has rolled out one fund and will launch another tomorrow.

  • Shanghai Firm To Launch Small-Cap Fund

    December 31, 2003

    Shanghai-based Dynasty Asset Management will launch a small-cap version of its long/short equity China-focused fund on Jan. 1.

  • Tiger Cub Adds Emerging Markets Research Head

    December 31, 2003

    Big Sky Capital, a Santa Monica-based global macro hedge fund firm co-founded by Tiger Management alumnus Peter Early, has hired Paul Schulte as managing director and head of emerging markets research.

  • Aberdeen Spins Off U.K. Venture Firm

    December 30, 2003

    Aberdeen Asset Management has spun off a U.K. venture capital firm to its management.

  • Alternatives Take Off In Europe

    December 30, 2003

    European institutional investors as a whole showed more appetite for hedge funds and private equity than their U.K. counterparts this year, but where U.K. investors did get in they typically assigned a larger asset allocation to alternatives than European institutions.

  • BNP Kicks Off Three Funds

    December 30, 2003

    BNP Paribas Asset Management has launched three new hedge funds.

  • Canberra's PSS/CSS To Hire Private Equity Managers

    December 30, 2003

    The AUD10 billion combined Public Sector Super and Commonwealth Super schemes (PSS/CSS) in Canberra plan to add private equity managers next year to reach the strategic allocation of 10% to alternative assets.

  • EFG Seeks Emerging Managers For Funds

    December 30, 2003

    EFG Private Bank, the London-based private banking arm of Geneva-based EFG Bank Group, is planning to launch two investment vehicles this year that will focus on emerging hedge fund managers.

  • Goldman Managing Director Swaps London For NYC

    December 30, 2003

    Hugh Lawson, global head of product management, hedge fund strategies group at Goldman Sachs Asset Management, moved back to New York from the London office at the end of last month after having worked there for three years.

  • Large Melbourne Plan Seeks Hedge Fund

    December 30, 2003

    Melbourne-based CARE Super, the AUD1.5 billion (GBP628 million) fund for clerical workers, is searching for a hedge fund manager.

  • PlusFunds Makes Retail Marketing Push

    December 30, 2003

    PlusFunds Group, a $900 million fund of funds, is making a retail marketing push, targeting high-net-worth investors.

  • RBC Launches Online Securities Lending Exchange

    December 30, 2003

    Royal Bank of Canada’s custody arm has launched a securities lending exchange that allows clients to conduct the majority of their business online.

  • Telstra To Hire Two Fund Of Funds Managers

    December 30, 2003

    The AUD6.7 billion Telstra Super in Melbourne will hire one or two more hedge fund of funds managers by April.

  • Medical Research Fund Reportedly Seeking Hedge Fund Managers

    December 29, 2003

    The Burroughs Wellcome Fund in Research Triangle Park, N.C., is reportedly seeking additional hedge fund managers to bolster its alternatives portfolio, which already makes up some 9% of the fund.

  • European Parliament Enters Final Straight

    December 24, 2003

    The European Parliament's debate on hedge fund regulation has made it through a vote in the Parliament's Committee on Economic and Monetary Affairs largely unchanged and now faces one last step in the form of a full Parliamentary vote due in January or February.

  • London Firm Launches Asian Fund

    December 24, 2003

    Tiburon Partners, a London-based asset manager with approximately EUR40 million under management, has rolled out the Tiburon Tiger Fund, its first hedge fund since it closed an arbitrage fund in early 2002.

  • MMI Looks To Build On Hedge Fund Membership

    December 24, 2003

    The Money Management Institute is looking to build its membership of hedge fund managers in 2004.

  • Texas Manager Launches First Hedge Fund

    December 24, 2003

    Moncrief Willingham Energy Advisers, a Houston-based managed accounts firm, has launched its first hedge fund.

  • Treasury: Plan For Changes

    December 24, 2003

    After months of anticipation, investment advisers and hedge funds are still waiting for the U.S. Department of Treasury to approve rules that would require them to establish anti-money laundering rules and procedures, but it may be a good idea to get ready in the meantime.

  • Trust Co. Seeks Fund of Funds Manager

    December 24, 2003

    Legacy Trust Company is building an alternative investments platform and is searching for a fund of funds manager to serve as one of two core program components.

  • Alternative Investments Changes Name of "Hedged" Fund

    December 23, 2003

    Alternative Investment Partners , sponsor of the Alpha Strategies I Fund, has changed the name of the fund to Alpha Hedged Strategies Fund.

  • Brokerages To Add Registered Funds To Alternatives Platforms

    December 23, 2003

    Brokerages will be looking to add registered hedge funds and funds of funds to their alternatives platforms next year.

  • Friedberg Milstein Snags Octagon Partner For New Mezz Fund

    December 23, 2003

    Friedberg Milstein, a New York-based institutional asset manager, has hired Eric Green, a board member and partner at J.P. Morgan Partners' loan asset management firm Octagon Credit Investors, according to Corporate Financing Week, an LMW sister publication.

  • Law Group Advises On How To Soften Hedge Fund Registration

    December 23, 2003

    Ways to narrow the scope of any future Securities and Exchange Commission registration requirements for hedge funds were suggested to the agency in a Dec. 8 comment letter from the New York City Bar Association's Committee on Private Investment Funds.

  • Seminole Preps Small-Cap Funds

    December 23, 2003

    Seminole Capital Management, a New York-based long/short equity manager, is preparing to launch a pair of small-cap funds early next month.

  • U.K. Money Manager Preps European Hedge Fund

    December 23, 2003

    Polar Capital Partners, a London-based money manager that manages $1.9 billion, is preparing to roll out a European equity fund.

  • Wisconsin May Outsource Private Equity

    December 23, 2003

    The State of Wisconsin Investment Board (SWIB) is considering whether to hand over the $500 million direct investment portion of its $1.6 billion private equity portfolio to an outside money manager, according to James Senty, SWIB's chairman.

  • D.C. Retirement Board Kicks Off New Searches

    December 22, 2003

    The District of Columbia Retirement Board has launched a search for managers to oversee its new 5% allocation to real estate and for firms to advise on but not manage investments in its private equity portfolio.

  • Former Appleton Officials Ready Fund

    December 22, 2003

    Turnstone Asset Management, a London-based fund of funds firm formed by former officials from Appleton International, will roll out its second fund in the second quarter.

  • Former Whitney And SAC Officials Launch Healthcare Fund

    December 22, 2003

    Great Point Partners, a Greenwich, Conn.-based start up run by former officials at Whitney & Co. and SAC Capital Advisors, has launched a healthcare fund.

  • Hong Kong Firm Eyes Managers For Asian Fund Of Funds

    December 22, 2003

    Genesis Capital Management is planning to launch an Asian hedge fund of funds next year and is currently looking for managers.

  • Smith Barney Increases Hedge Fund Focus on Consultants

    December 22, 2003

    Smith Barney Consulting Group plans to increase its focus on financial consultants when it relaunches its education initiative around registered hedge funds next year.

  • States Shift Concern On Hedge Fund Recommendations

    December 22, 2003

    The North American Securities Administrators Association has shifted its principal concern with the Securities and Exchange Commission staff's hedge fund report to the possible relaxation of the ban on general solicitation to wealthy investors.

  • Fidelity Alumnus Rolls Out European Long/Short Fund

    December 19, 2003

    C60 Capital, a London-based hedge fund firm launched in April by Fidelity Investments alumnus Thierry Serero and two other partners, has rolled out a European long/short equity fund

  • Metacapital Closes Fund, Undergoes Personnel Changes

    December 19, 2003

    Metacapital Management, a New York-based mortgage-backed securities hedge fund firm, is closing its fund to new investors.

  • Millennium Investors Hit Gate On Offshore Fund

    December 19, 2003

    Some investors in an offshore fund run by Millennium International Management, the multi-billion dollar hedge fund firm run by Israel Englander, have been hit with a gate provision.

  • European Families Seek Managers For Distressed Fund Of Funds

    December 18, 2003

    Capital E Financial Group, a money management firm backed by three wealthy European families, is seeking distressed debt managers for a new fund of funds.

  • Finaltis Strengthens Sales Team

    December 18, 2003

    Finaltis, a Paris-based hedge fund that manages $350 million, has recently beefed up its marketing effort.

  • Skidmore Eyeing Alternatives Increase

    December 18, 2003

    Skidmore College, in Saratoga Springs, N.Y., is considering increasing its 30% allocation to alternatives, which include hedge funds, and may seek new managers to accommodate the increase.

  • Paloma’s Sussman Cites Amaranth’s Growth As Reason For Withdrawal

    December 17, 2003

    Well-known hedge fund manager Donald Sussman, chairman of Paloma Partners Management Co., said Amaranth Advisors’ size is the reason Paloma is cashing out of the spin-off.

  • Former Caxton Bond Trader Resurfaces

    December 16, 2003

    Former Caxton Corp. trader Rich Hornstrom has returned to the hedge fund space after a six-year hiatus.

  • French Insurer Seeks Hedge Funds

    December 16, 2003

    French insurer Matmut is increasing its EUR2.3 billion investment portfolio’s hedge fund allocation by 2% through a new fund of funds and a structured product that will seek managers next year.

  • Alabama Family To Launch Macro Fund

    December 15, 2003

    Harbert Management, a family-run investment business for the Harbert family of Birmingham, Ala., is planning to launch a global macro hedge fund at the end of the first quarter.

  • Clinton Sells Home Equity Floaters

    December 15, 2003

    Clinton Group has been selling home equity asset-backed bonds to the tune of hundreds of millions of dollars in recent weeks, ABS traders said.

  • Former Shattan Group MD Enters Private Equity Fray

    December 15, 2003

    Kevin Fechtmeyer, who left a position earlier this year as a managing director at The Shattan Group, which he co-founded in 1996, is looking to enter the market with a new private equity vehicle, Cave Creek Capital Management.

  • Health Charity Makes First Foray Into Hedge Funds

    December 15, 2003

    The GBP115 million King's Fund in London has made its first move into hedge funds of funds by hiring U.S.-based firms Pine Grove Associates and Quellos Group.

  • Hedge Fund Managers Change Pitches

    December 15, 2003

    As the economy continues to improve, registered hedge fund officials are changing their marketing pitches.

  • High Valuations Add To Private Equity Woes

    December 15, 2003

    Valuations for middle-market businesses have soared from five to six times EBITDA to seven and eight times in the last few months and even into the double digits, bankers say.

  • Highland Launches Distressed Fund

    December 15, 2003

    Highland Capital Management has launched a new distressed debt/private equity fund and is shooting to raise north of $500 million, bankers said.

  • London Borough Tenders Over GBP100M In Global & Private Equity

    December 15, 2003

    The GBP450 million London Borough of Lambeth Superannuation Fund has tendered for a GBP90 million global equity mandate and a GBP22.5 million private equity brief

  • Nascent Hedge Fund Eyes Put Protection

    December 15, 2003

    San Francisco-based Tricera Capital is considering purchasing equity derivatives to hedge the firm's recently launched Tricera Asia Fund, which is expected to hit assets of $5-10 million in the coming months.

  • Pantheon Unveils Returns On Four Funds

    December 15, 2003

    Pantheon Ventures, one of the largest investors in private equity funds of funds in the U.S., recently disclosed its initial returns on four private equity funds of funds, according to a source who spoke to an attendee at an annual investor conference the firm held in San Francisco.

  • SAC Lures Lehman Equity Trader

    December 15, 2003

    SAC Capital Management has hired Colin Rust, former proprietary equity derivatives trader at Lehman Brothers in New York, in a similar role.

  • ABN Cap Intro Official Hops To Bear Stearns

    December 12, 2003

    Alessandra Tocco, a director in ABN AMRO’s former capital introductions team, has left to join Bear Stearns as a managing director.

  • BofA Fund Of Funds Manager Leaves

    December 12, 2003

    Jason Papastavrou, a fund of funds portfolio manager with Banc of America Capital Management’s alternatives group, has left the firm.

  • Farallon Follows Lone Pine's Lead On High-Water Marks

    December 12, 2003

    Farallon Capital Management, the San Francisco-based hedge fund behemoth run by Tom Steyer, is the latest hedge fund manager to propose changes to its high-water mark provisions.

  • FrontPoint Shuts Down Quant Fund

    December 12, 2003

    FrontPoint Partners has for the first time liquidated one of its funds.

  • Quadriga Preps New Guaranteed Fund

    December 12, 2003

    Austrian commodity trading advisor Quadriga Investment Group is prepping a new principal-guaranteed fund aimed at non-U.S. investors.

  • Bill Gates’ Firm, Investors Take Stake In Hamilton Lane

    December 11, 2003

    A group of investors, including Cascade Investment, the investment arm of billionaire Bill Gates, has agreed to take a 40% ownership stake in private equity advisory firm Hamilton Lane.

  • Boston Music School To Seek Venture Cap

    December 11, 2003

    The Berklee College of Music in Boston will seek an additional venture capital manager over the next three-to-six months to handle about $5 million.

  • Drake To Launch Low Vol. Fixed-Income Fund

    December 11, 2003

    Drake Management, which manages just over $1 billion, will launch a low volatility multi-strategy fixed-income fund in the first quarter.

  • EGM Seeks Managers For Fund Of Funds

    December 11, 2003

    San Francisco-based EGM Capital wants to add equity long option managers to its funds of funds.

  • Former Ardsley Manager Seeks Analysts For TMT Fund

    December 11, 2003

    Ampere Capital Management, which is run by Wayne Wilkey, a former partner at Ardsley Partners, is looking to hire one-two additional analysts in the next six months.

  • French Manager Rolls Out Volatility Arbitrage Fund

    December 11, 2003

    Finaltis, a Paris-based alternative asset manager with $350 million in assets, has launched a volatility arbitrage fund.

  • HVB Readies Funds Compliant With New German Law

    December 11, 2003

    Vienna-based HVB Alternatives, which manages EUR1.5 billion, is prepping two new multi-strategy funds of funds that will comply with the new German hedge fund legislation effective January 1.

  • Mezzacappa Registers New Long/Short Equity Fund

    December 11, 2003

    Mezzacappa Management has registered a new long/short equity fund of funds with the Securities and Exchange Commission that is slated to launch in January.

  • New Mexico School Mulling Hedge Fund Increase; Searches Possible

    December 11, 2003

    The Albuquerque Academy will consider increasing its hedge fund allocation to 10% from 8% as it seeks new strategies to diversify its portfolio.

  • Para Advisors Taps Marketer

    December 11, 2003

    Para Advisors, a New York event-driven hedge fund firm with $425 million in assets, has hired a new marketer to broaden its institutional client base.

  • Perry-Backed Firm To Make Hires For New Investment Push

    December 11, 2003

    Recon Capital, a capital structure arbitrage specialist linked to Perry Capital, is looking to make several hires to broaden its investment activity.

  • Amex Hedge Fund Honcho Seen Close To Leaving

    December 09, 2003

    Bruce Lamo, coo of American Express Alternative Investments, is reportedly leaving the firm as part of a reorganization

  • Ex-Tullett Trader Creates Frankfurt-Based Consulting Firm

    December 09, 2003

    Thomas Neiss, a former equity trader at Tullett Liberty has formed Capital Consulting, a Frankfurt-based consulting firm with a hedge fund focus.

  • Loomis, Sayles Preps Consumer Sector Hedge Fund

    December 09, 2003

    Boston-based institutional money manager Loomis, Sayles & Co. is preparing to launch the Loomis Sayles Consumer Discretionary Hedge Fund this month.

  • San Francisco Hedge Fund Seeks Analysts

    December 09, 2003

    Marathon Resource Investments, a San Francisco-based natural resources hedge fund firm, is looking to hire one to two analysts.

  • GAM To Launch Currency Hedge Fund

    December 08, 2003

    GAM USA is close to launching a currency hedge fund geared towards institutions in both the U.S. and Europe.

  • Hedge Fund Mgr. Teaming With Major Insurers

    December 08, 2003

    Finch Asset Management is in talks with AIG and Mass Mutual about using a Finch fund of funds as the underlying investment in tax-deferred insurance products designed for high-net-worth investors and for use in executive compensation plans.

  • Ispat-Inland Considering Mezzanine Search

    December 08, 2003

    Ispat Inland is considering investing in several new asset classes including mezzanine funds for its $1.8 billion defined benefit plan.

  • Phoenix Firm Plans Private Equity Co.

    December 08, 2003

    Inlign Wealth Management, a Phoenix-based multi-family office, is planning to put together its own private equity firm to invest on behalf of its clients.

  • SG CIB To Launch Structured Products Linked To MSCI Index

    December 08, 2003

    SG Corporate & Investment Banking (SG CIB) plans to roll out a number of alternative investments based on Morgan Stanley Capital International's MSCI Hedge Invest Index for ultra-high-net-worth U.S. investors.

  • Sierra Investment Partners Mulling Private Equity Subadvisor Hire

    December 08, 2003

    Sierra Investment Partners, a manager of managers to Taft-Hartley funds, is considering a search for its first private equity subadvisor next quarter due to increased demand from both union plan sponsors and consultants.

  • University Of Ottawa Maps Out Strategy

    December 08, 2003

    The University of Ottawa’s C$900 million pension plan has begun planning its alternative investment strategy and is considering hedge funds and private equity.

  • Wharton Steps Into CDOs

    December 08, 2003

    Wharton Asset Management is on the verge of entering the collateralized debt obligation business.

  • Whittier Trust Moving Into Hedge Funds

    December 08, 2003

    Whittier Trust Company is planning to launch a hedge fund early next year.

  • Amaranth Unveils New Fund Series, Undergoes Legal Restructuring

    December 05, 2003

    Amaranth Advisors is planning to start the New Year with a flurry of activity. The Greenwich, Conn.-based manager is in the process of rolling out a series of multi-sector long/short equity funds.

  • Auburn Taps New Consultant; To Consider Alternatives

    December 05, 2003

    Auburn University has hired Prime, Buchholz & Associates as its new consultant, replacing Smith Barney Consulting, and will consider making its maiden foray into alternative investments as part of an upcoming asset allocation study.

  • California Recruiter Creates Private Equity Fund

    December 05, 2003

    Pinnacle CEO Recruiters, a Santa Monica-based executive search firm, has created a private equity buyout fund that invests in the companies where it places CEOs.

  • Healthcare Hedge Fund Adds Analyst

    December 05, 2003

    OrbiMed Advisors, a New-York based healthcare sector asset management firm with $1.4 billion in alternative assets, tapped Trevor Polischuk from Lehman Brothers, as a senior analyst.

  • HSBC’s U.S. Alts Chief Leaves To Start Fund Of Funds

    December 05, 2003

    Roland Eberhard, the head of alternative investments for HSBC’s private bank in the U.S., has left to start his own fund of funds venture.

  • Ohio Foundation Considering Hedge Funds, Consultant Search

    December 05, 2003

    The Health Foundation of Greater Cincinnati is considering carving out an allocation to hedge funds of up to 20%, and may seek an alternatives consultant to monitor the allocation.

  • SYSTEIA Adds Senior Analyst

    December 05, 2003

    SYSTEIA Capital Management, a Paris-based hedge fund firm with $1 billion in assets, recently hired Antoine Mallard as an event-driven/merger arbitrage senior analyst.

  • Crédit Agricole Quant Pro To Exit, Seeks Seed Capital

    December 04, 2003

    The former head of quantitative research and management at Crédit Agricole Asset Management (CAAM), Pascal Auger, is seeking $20 million in seed capital to launch his own statistical arbitrage fund.

  • Former Port Authority Chief Seeks Capital For Middle-Market Fund

    December 04, 2003

    Odyssey Investment Partners, which is run by Stephen Berger, formerly the executive director of the Port Authority of New York and New Jersey, is looking to raise roughly $750 million for a middle-market private equity fund.

  • Canadian University Pension Examines Hedge Funds

    December 03, 2003

    Ottawa-based Carleton University's C$590 million retirement fund is conducting an investment policy review that includes taking a look at hedge funds.

  • German Family Office Seeks Investors For Hedge Fund

    December 03, 2003

    Wermuth Asset Management, the Frankfurt-based family office for Dieter Wermuth, the former chief European economist for United Financial of Japan Bank, is planning to make a push for outside investment in its hedge fund.

  • Zurich Private Equity Firm Adds Analyst

    December 03, 2003

    SCM Strategic Capital Management, a Zollikon, Switzerland-based private equity firm, has appointed Simone Drack as an analyst for its private equity investments.

  • Citigroup Launches Cross Margining Of Equity&Fixed Income Prime Brokerage

    December 02, 2003

    Citigroup will merge its global equity and fixed income prime brokerages as a way to expand its margin lending to hedge funds, and has combined the sales and marketing forces of these divisions.

  • Swiss Firm To Launch Leveraged Stat Arb. Fund

    December 02, 2003

    Zurich-based AlphaSwiss Asset Management will launch a leveraged fund that will be linked to its existing $20 million statistical arbitrage hedge fund, AlphaSwiss Behavioral Quant USA.

  • "We don't like surprises, positive or negative."

    December 01, 2003

    --Jelle Mensonides, cio of alternative investments at Heerlen, Netherlands-based ABP Investments, commenting on how the pension values hedge fund managers that can explain their performance.

  • ABP Investments

    December 01, 2003

    ABP Investments, the E145 billion Heerlen, Netherlands-based pension behemoth plans on adding up to E1.5 billion in hedge fund assets next year, bringing its allocation from E3 billion to possibly as high as E4.5 billion.

  • BAREP Plans Massive Fund RollOuts

    December 01, 2003

    Billion dollar hedge fund manager BAREP Asset Management, starting this month, plans to launch at least five new strategies that will use more leverage than it has to date.

  • Cap Intro Meetings Pay Off

    December 01, 2003

    Nearly 60% of institutional investors who attend capital introduction meetings held by prime brokers allocate capital to hedge funds they meet through these events, according to data collected by consulting firm Prince & Associates, and provided exclusively to AIN.

  • Completed Searches Table

    December 01, 2003

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

  • DrKW Head Quits To Start Hedge Fund

    December 01, 2003

    David Schwartz, head of structured products marketing at Dresdner Kleinwort Wasserstein in New York, has left to start a structured credit fund.

  • Ellington Structures Debut Money Market Class

    December 01, 2003

    Ellington Capital Management is preparing to issue its largest-ever collateralized debt obligation as part of its Duke Funding program, according to an official at UBS Securities, which is underwriting the transaction.

  • Equalt Hires Convertible Arbitrage Head

    December 01, 2003

    Equalt Alternative Asset Management, the Paris-based e900 million alternative arm of Crédit Agricole Indosuez, has hired Xavier Linsenmaier as head of convertible arbitrage.

  • Euro MPs Try To Block Retail Hedge Funds

    December 01, 2003

    Members of the European Parliament have proposed amendments that could cancel two key proposals in the Parliament's initiative to introduce European regulation of hedge funds.

  • Korean Insurers Eye Hedge Funds

    December 01, 2003

    A trio of Korean non-life insurance firms will be looking at making their first forays into hedge funds of funds next year.

  • Korea's National Pension Fund Eyes Hedge Funds

    December 01, 2003

    South Korea's $100 billion National Pension Corp. in Seoulplans to invest in overseas alternative assets such as hedge funds, private equity, infrastructure and real estate next year.

  • L.A. Start Up Plots Equity Hedges

    December 01, 2003

    Namaste Capital Management anticipates entering equity derivatives to risk manage its Namaste Fund, a long/short equity fund scheduled to be launched in January.

  • Mammoth Swedish Plan To Kick Off Private Equity Search Next Year

    December 01, 2003

    Swedish pension behemoth AP-Fonden 2 is planning to search next year for a private equity fund of funds manager to invest in Europe and the U.S., plus opportunistically outside those regions.

  • MIT Guru To Launch Fund With Cash From Paloma

    December 01, 2003

    Andrew Lo, the well-known professor of finance at the Massachusetts Institute of Technology's Sloan School of Management and hedge fund manager, plans on launching a new quantitative global macro fund this month.

  • New Searches Table

    December 01, 2003

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

  • Pfizer Keeps An Eye On Hedge Funds

    December 01, 2003

    The $10 billion Pfizer, Inc. pension plan has been talking to both hedge funds and funds of funds managers for possible investment.

  • Potential Searches Table

    December 01, 2003

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

  • Ritchie Capital To Launch Single-Strategy Funds

    December 01, 2003

    Ritchie Capital Management, the $1.2 billion multi-strategy hedge fund firm run by former professional football player and U.S. national bobsledding team member Thane Ritchie, plans to launch at least three single-strategy hedge funds next year.

  • SAC, Tremblant Analysts Combine For New Fund

    December 01, 2003

    Jennifer Klein and Anurag Sanyal, who worked at Tremblant Capital and SAC Capital Advisors, respectively, are prepping their own fund for a January launch at their new firm Sequence Capital.

  • Scandals, Blowups and Lawsuits Mark Low Points For 2003

    December 01, 2003

    As the year comes to a close, some in the hedge fund industry would rather not remember 2003. Some hedge fund officials are not going to be filled with Christmas cheer.

  • Updated Searches Table

    December 01, 2003

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

  • Valuations Of Hedge Funds Seen As Tricky ForRegulators

    December 01, 2003

    Regulators have recently been harping on asset valuation as a key concern for hedge funds, but lawyers doubt how effective they could be at reviewing fund valuations.

  • VicSuper Hires MacquarieFor Aussie Private Equity

    December 01, 2003

    Melbourne-based Victorian Superannuation Fund or VicSuper, with AUD1.65 billion in assets, has hired Macquarie Funds Management in Sydney to run AUD100 million in Australian private equity over three years, starting Nov. 1.


 

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