Stories

  • BlueCrest Affiliate Nabs Morgan Stanley Analyst

    July 02, 2004

    BlueCrest North America, the U.S. affiliate of BlueCrest Capital Management in London, has tapped Ashish Misra from Morgan Stanley as a senior quantitative analyst.

  • CSAM Carves Retail Alts In Japan

    July 02, 2004

    Credit Suisse Asset Management is looking at introducing a U.S. multi-strategy, third-party fund of hedge funds for retail investors in Japan.

  • Dexion Raises GBP132 Million With New Share Class

    July 02, 2004

    London-based fund of hedge funds Dexion Absolute Limited has raised GBP132.5 million through the issuance of C shares.

  • Investors Remove GP In U.K. Private Equity Fund

    July 02, 2004

    In what is believed to be the first hostile takeover of a private equity firm's management in the U.K., investors in an Albermarle Private Equity fund have ousted the general partner.

  • Majority of Institutions Eye Hedge Funds

    July 02, 2004

    More than 70% of institutional investors are looking to hire a fund of hedge funds, according to a survey by Mellon Global Investments.

  • Air Canada Execs To Obtain Stock Options

    July 01, 2004

    Cerberus Capital Management and Deutsche Bank have reached an agreement with Air Canada that will offer stock options to top executives, according to Dow Jones Newswires.

  • Alaska Pension Allocates To Hedge Funds

    July 01, 2004

    The Alaska State Pension Investment Board has chosen three firms to manage its first, $300 million hedge fund allocation.

  • Commonfund Taps Managing Director

    July 01, 2004

    James Meisner has joined Commonfund as a managing director for marketable alternative strategies.

  • Credit Agricole Unit Largest Funds Group In France

    July 01, 2004

    Credit Agricole Unit Largest Funds Group In France With the merger of Credit Lyonnais and Credit Agricole complete, the newly formed Credit Agricole Asset Management (CAAM) becomes the largest funds management group in France, according to Reuters.

  • CSFB Reshuffles Execs

    July 01, 2004

    Credit Suisse First Boston has issued a memo announcing three executive moves within the firm, according to Dow Jones Newswires.

  • Falconer Officials Join Tiedemann To Form New Group

    July 01, 2004

    Timothy Maxwell and James Gorman of Falconer Capital Management have joined Tiedemann Investment Group to manage Tiedemann Falconer Partners.

  • Fla. State Pension Board Names New Private Equity Head

    July 01, 2004

    The State Board of Administration of Florida has named Jim Treanor as senior portfolio manager within the alternative investments asset class.

  • Former Goldman Sachs Exec Raises New Fund

    July 01, 2004

    Jon Bloom, a former executive in risk arbitrage and derivatives at Goldman Sachs, has raised $16 million for his new hedge fund, according to Bloomberg News.

  • Garnett & Helfrich Taps Texas Pacific Honcho

    July 01, 2004

    Garnett & Helfrich Capital has hired Mike Guthrie as director, responsible for making investments from the firm’s brand-new venture buyout fund, according to AltAssets.

  • Hedge Funds Effect On Global Economy To Be Studied

    July 01, 2004

    The Financial Stability Forum will study the impact of hedge funds on the global economy, according to HedgeCo.Net.

  • Three Former Bear Stearns Advisors Form Hedge Fund

    July 01, 2004

    Three members of a special team of Investment Banking Private Services advisors have left Bear Stearns to form a new hedge fund.

  • Trio Launches Southeastern Europe Fund

    July 01, 2004

    GED Private Equity Group, Bank Austria-Creditanstalt and Caja Madrid have joined together to launch a EUR100 million private equity fund that will invest in the countries of Southeastern Europe, according to Ziarul Financiar.

  • UBS Lowers Forecast For Man Group

    July 01, 2004

    Despite lowering its price target for Man Group, UBS says it is keeping a buy rating on the hedge fund manager’s shares, according to Reuters.

  • Warburg Pincus Closes Munich Office

    July 01, 2004

    Warburg Pincus has closed its Munich office four years after opening it, according to the International Herald Tribune.

  • Bain Capital Raises $4.25 Billion For Two Funds

    June 30, 2004

    In what is considered one of the largest fundraisings of the year, Boston-based buyout firm Bain Capital has raised $4.25 billion for two new private equity funds, PrivateEquityOnline reports.

  • Barclays, HFR Launch Collateralized Fund Obligation

    June 30, 2004

    Barclays Capital and Hedge Fund Research have announced plans to jointly launch a collateralized fund obligation (CFO) intended to give pension funds and insurers some exposure to the hedge fund market, according to Investment & Pensions Europe reports.

  • Close-Man Fund of Funds Raises $126 Million

    June 30, 2004

    The fund of hedge funds jointly launched by Close Fund Management and Man Investments has raised more than £70m from private and institutional investors in the U.K., according to Portfolio International.

  • Ellington Prepares For Fed Rate Hikes

    June 30, 2004

    Hedge fund manager Michael Vranos of Ellington Management Group says he is prepared for a wild ride once the Federal Reserve Bank starts raising interest rates, Bloomberg News reports.

  • Pioneer Funds Down In May

    June 30, 2004

    Pioneer Alternative Investments’ May trading report was far from sunny, as two of its funds experienced disappointing results, according to Financial Standard.

  • Scandinavian Investor Seeks Manager

    June 30, 2004

    An unidentified Scandinavian institutional investor is looking for a manager to handle a new $100 million single-strategy multi-manager hedge fund mandate, according to Investment & Pensions Europe.

  • ArcLight Capital Partners Closes $1.6 Billion Energy Fund

    June 29, 2004

    ArcLight Capital Partners has closed its second private equity fund that will invest in the power and energy industries.

  • Centurion Capital Closes Debut Fund At EUR150 Million

    June 29, 2004

    Centurion Capital has closed its debut fund with EUR150 million, according to AltAssets.

  • Curry Joins 3A's Hedge Investment Team

    June 29, 2004

    Michael Curry has joined 3A Alternative Asset Advisors as a senior analyst, according to HedgeCo.Net.

  • Delman To Launch Currency Fund of Funds

    June 29, 2004

    Delman SA will launch a fund of currency funds in August with $20 million, according to Managed Accounts Report.

  • Start-Up's Fund To Debut In August

    June 29, 2004

    Gallega Capital Management, a start-up firm formed by two fund managers in 2002, will debut its Stormrider Fund Aug. 2, according to Managed Accounts Report.

  • Airport Fund Shelves Alternatives Plans

    June 28, 2004

    The GBP1.5 billion pension scheme for the British Airports Association has decided against investing in alternatives, following a review of its asset allocation.

  • Barclays Hires Senior Investment Strategist

    June 28, 2004

    Stan Beckers will be joining Barclays Global Investors as a senior investment strategist for it European active equity business, according to Financial News.

  • BofA Analyst Joins $1.5 Bln Credit Fund

    June 28, 2004

    Jeffrey Burch, a former utility fixed-income analyst at Bank of America in London, has left the investment bank to help manage a recently launched $1.5 billion credit derivative-focused hedge fund in New York.

  • Boutique Scouts Market For Hedge Fund Expertise

    June 28, 2004

    J O Hambro Capital Management is on the lookout to hire absolute return U.K. equity expertise and long/short equity hedge fund managers to launch products.

  • Canadian Giant Ploughs Into Private Equity

    June 28, 2004

    The C$34 billion Ontario Municipal Employee's Retirement System is seeking to increase its private equity exposure to 25% from 10% during the next five-to-seven years.

  • Emergency Super Considers Increasing Alternatives Allocation

    June 28, 2004

    The AUD3.3 billion Emergency Services Superannuation Scheme in Melbourne is considering increasing its private equity and infrastructure exposure to 7-8% from 5% and making a first foray into hedge funds.

  • EquipSuper To Look At Hedge Funds

    June 28, 2004

    The AUD2.4 billion EquipSuper in Melbourne will review in the next two-to-three months whether it should make a first foray into hedge funds.

  • Fauchier Appoints Two Executive to Board of Directors

    June 28, 2004

    Fauchier Partners has tapped two of its executives to be directors, according to HedgeWorld.Com.

  • France's State Post Office to Merge With ABN Amro Unit

    June 28, 2004

    Only days after news that ABN Amro had sold its German private equity portfolio to an existing management team, the Netherlands-based bank reportedly will merge with Xange Capital, the private equity arm of La Poste, France’s state post office, according to Financial Times.

  • German Insurer To Plough EUR610M Into Alternatives

    June 28, 2004

    AXA Konzern, the German subsidiary of French insurer AXA, plans to nearly triple its EUR200 million hedge fund exposure to EUR540 million and to raise its EUR230 million private equity allocation also to EUR540 million, said Ulrich Gericke, director of the treasury and asset/liability modeling.

  • Health Super Reviews Hedge Funds Portfolio

    June 28, 2004

    The AUD3.5 billion Health Super in Victoria will review its hedge funds and private equity portfolio, which amounts to 5% of its assets, in the next six months as part of an annual review.

  • Ibbotson To Add Alternative Investment Models

    June 28, 2004

    Ibbotson Associates Advisors, a Chicago-based research provider's alternative investments consulting arm, is looking into additional investment models its clients can use and aims to sign five more clients by year-end.

  • ICI Prez Calls Hedge Funds 'Fox In Our Henhouse'

    June 28, 2004

    Renewing his organization's call for hedge fund adviser registration, Investment Company Institute President Paul Stevens said hedge funds' involvement in last fall's mutual fund scandals had been overlooked.

  • Jupiter Adds To Hedge Fund Group

    June 28, 2004

    Jupiter has hired Delphine Boillot as a member of its Hedge Fund Advisory Group.

  • Kansas Endowment Considering Alternatives, International Equity

    June 28, 2004

    Wichita State University is conducting an asset allocation study for its $125 million endowment fund that could result in a boost to its alternatives and international equity allocations.

  • Liontrust Weighing Hedge Fund Expansion

    June 28, 2004

    Liontrust Asset Management is considering whether to roll out a range of hedge funds.

  • MLIM Readies Registered Hedge Fund In SMA

    June 28, 2004

    Merrill Lynch Investment Managers plans to roll out by year-end a registered hedge fund inside a separately managed account, a first for the industry.

  • N.J. Manager Preps Short Credit Fund

    June 28, 2004

    U.S. hedge fund manager Chatham Asset Management will allow investors to take short credit exposures by going long a credit derivatives index in its soon to be launched Chatham Asset Partners Short Credit Fund.

  • Smith Barney Eyes Registered Hedge Funds For Managed Account

    June 28, 2004

    Smith Barney Consulting Group will incorporate registered hedge funds and possibly variable annuities into its unified managed account as early as next year.

  • Three Asian Asset Managers Launch Distressed-Debt Fund

    June 28, 2004

    A consortium of Asian asset managers from Tokyo and Bangkok has announced plans to form a new distressed-debt hedge fund, according to HedgeCo.Net.

  • Unigestion To Launch First Single-Strategy Funds of Funds

    June 28, 2004

    Unigestion is planning to launch eight new single-strategy funds of funds at the end of July.

  • Washington State Foundation Seeking CIO

    June 28, 2004

    The Washington State University Foundation is searching for a consultant and its first chief investment officer and will consider shifting 20% of its assets into private equity and real estate funds, as well as boost its 10% allocation to absolute return strategies.

  • Windstone Capital Forms New $150 Million Private Equity Fund

    June 28, 2004

    Windstone Capital Partners has formed a new $150 million private equity fund.

  • Former JPMorgan Honcho To Launch First Fund

    June 25, 2004

    Joe Wong, a former head of JPMorgan Chase's U.S. convertible arbitrage prop desk, is in the process of launching his first fund.

  • Lone Pine, HFR Take Top Honors

    June 25, 2004

    Lone Pine Capital and HFR Asset Management took the top hedge fund and fund of funds honors, respectively, in Alternative Investment News' Second Annual Hedge Fund Industry Awards.

  • Mellon Prepares New Fund of Funds

    June 25, 2004

    Mellon Global Alternative Investments is set to launch a new fund of funds on July 1.

  • Sandell To Boost Staff By Up To Thirty-Percent

    June 25, 2004

    Sandell Asset Management has boosted its merger arbitrage team and is preparing to make more hires later this year across different parts of the firm.

  • U.K. Firm To Launch First Hedge Fund

    June 25, 2004

    London-based Progressive Alternative Investments is launching a new long/short U.K. equities hedge fund.

  • Atlanta Small-Cap Manager Re-Emerges

    June 24, 2004

    Jeff Newman, a long/short equity manager, is getting ready to return to investing after a one-year break.

  • Aviva Group Launches Fund of Funds

    June 24, 2004

    The Aviva Group has launched a Luxembourg-domiciled Société d'Investissement à Capital Variable (SICAV) that will consist of nine sub-funds, according to Portfolio International.

  • Barclays Snags J.P. Morgan Honcho

    June 24, 2004

    Gary Dugan, head of global equity strategy at J.P. Morgan Fleming Asset Management, is leaving his position to pursue alternative investment research, Bloomberg News reports.

  • BofE's Allen Moves To Brevan Howard

    June 24, 2004

    William Allen will become an economist for London-based Brevan Howard Asset Management, a $4 billion fixed-income macro hedge fund launched in 2003, according to RiskNews.

  • Finatem Taps Managing Director

    June 24, 2004

    German middle-market private equity firm Finatem has named Robert Henigs as its new managing director and partner, according to PrivateEquityOnline.

  • Former Galleon, Kingdon Officials Join Forces For Comeback

    June 24, 2004

    Jeff Bernstein, a former portfolio manager at the Galleon Group, and Godfrey Gill, a former portfolio manager/analyst at Kingdon Capital Management, are gearing up to launch a hedge fund in Stamford, Conn.

  • London Firm To Launch Funds, Seeks Marketer

    June 24, 2004

    Uniastrum Capital, a U.K. affiliate of Russian-based Uniastrum Bank, is planning to launch two long/short hedge funds at the beginning of August.

  • Rocker Preps Short-Only Fund

    June 24, 2004

    Rocker Management, the short-biased equity manager based in Millburn, N.J., is planning to launch a short-only fund.

  • Start Up Nabs Goldman Analyst

    June 24, 2004

    Rhombus Capital Management, an equity long/short hedge fund start-up, nabbed Douglas Wurtz as a research analyst from Goldman Sachs.

  • Top Framlington Managers Cool To Hedge Funds

    June 24, 2004

    In what is being viewed as a setback for Framlington's CEO Peter Chambers, two top fund managers say they are cool to the idea of running hedge funds, Reuters reports.

  • ABN Amro Management Buys German Private Equity Portfolio

    June 23, 2004

    The management team of ABN Amro’s private equity arm has acquired the firm’s German private equity portfolio, which consists of six middle-market investments.

  • Pasadena Capital Taps Schneider As Senior Managing Director

    June 23, 2004

    California-based private-equity firm Pasadena Capital has selected a member of its advisory board to fill the position of senior managing director, according to AltAssets.

  • Philly Shop Nabs Citadel Analyst

    June 23, 2004

    NewMarket Capital Partners, a fund of funds firm based in Philadelphia, has hired Jill Sanderson from Citadel Investment Group, where she was an analyst conducting research on equity, fixed-income and private placement securities.

  • Rohatyn Taps BofA Asia Honcho

    June 23, 2004

    Emerging market hedge fund firm The Rohatyn Group, a start-up run by JPMorgan alumnus Nick Rohatyn, has hired Goetz Eggelhoefer, managing director and head of global markets in Singapore for Bank of America.

  • Sagamore Makes Merger Arb Push

    June 23, 2004

    Multi-strategy firm Sagamore Hill Capital Management is preparing to deploy more capital to merger arbitrage.

  • SSgA To Offer Custodian Services To German Hedge Funds

    June 23, 2004

    State Street Global Advisors (SSgA) will offer custodian services to German hedge funds through State Street’s banking subsidiary SSGA Munich.

  • UBS Launches New Swiss Fund of Funds

    June 23, 2004

    UBS is launching a fund of hedge funds called UBS (CH) Global Alpha Strategies (CHF).

  • Yellow Point's Debut Fund Closes

    June 23, 2004

    Yellow Point Equity Partners' debut fund has closed.

  • BAM Hires Platinum Capital Official

    June 22, 2004

    Paul Graham will join Baring Asset Management (BAM) as alternative investment sales specialist.

  • Former Goldman Partners Raise $843 Million

    June 22, 2004

    Fifteen months after its launch, the debut hedge fund offering by two former Goldman Sachs partners has raised $843 million, according to Financial News.

  • Former SAC Official To Launch Fund In Taiwan

    June 22, 2004

    Taiwan-based Clairvoyance Capital Advisors will launch a new hedge fund next month focused on long/short equities.

  • LSP Taps Biotech Honcho

    June 22, 2004

    Daan Ellens, who made a name for himself in the biotech industry, has joined Life Science Partners, the European venture capital firm that provides private equity capital to early-stage life science companies.

  • Prospect Partners Closes $165 Million Private Equity Fund

    June 22, 2004

    Prospect Partners has closed Prospect Partners Fund II at $165 million.

  • Rhicon To Launch Fund

    June 22, 2004

    Rhicon Currency Management will launch a new fund on July 1.

  • Adveq Closes Fourth Tech Fund Above Goal

    June 21, 2004

    Adveq Management has closed its fourth technology fund at $325 million, above its capitalization goal of $300 million.

  • Alaskan Pension Taps Crestline For Hedge Fund Mandate

    June 21, 2004

    The Alaska Permanent Fund Corp. (APFC) has chosen Crestline Investors to manage a hedge fund allocation.

  • Colorado Plan Mulling Hedge Funds

    June 21, 2004

    The $161 million Arapahoe County (Co.) Employees Retirement Trust is considering searching for a hedge fund of funds manager to handle about $10 million, a move that would mark the plan's maiden foray into hedge funds.

  • CSFB, DrKW Prep UCITS III Funds Linked To Alternatives

    June 21, 2004

    Credit Suisse First Boston and Dresdner Kleinwort Wasserstein are structuring funds that give European retail investors exposure to hedge funds.

  • EU Hedge Fund Rules May Hang On New Parliament

    June 21, 2004

    The introduction of rules on the sale and marketing of hedge funds in Europe--including to retail investors--could depend on July's internal elections to the European Parliament's Committee on Economic and Monetary Affairs.

  • Hedge Fund Wins Verdict Against Refco Over 1998 Margin Call

    June 21, 2004

    A New York jury has found that Refco Capital Markets and Refco Securities were liable for breaching their contract and duty of good faith and fair dealing with their customers by forcing a hedge fund to liquidate when securities held as collateral had not materially declined in value.

  • Hedge Funds Score Bigtime As Ross Joins Horizon Takeover

    June 21, 2004

    Contrarian Capital Management, Greenlight Capital, Stark Investments and Varde Partners stand to get a whole lot richer now that Newcoal, a company formed by W.L. Ross & Co., teamed up with the hedge funds to bid $277 million for the coal company, reports AIN sister publication Loan Market Week.

  • HSBC To Offer Hedge Funds Onshore

    June 21, 2004

    HSBC Private Bank, which oversees $11 billion in hedge fund assets for its offshore high-net-worth clients, is preparing to bring its hedge fund and fund of funds advisory services to the domestic market.

  • Italian Manager Targets Hedge Funds

    June 21, 2004

    ARCA Asset Management, Italy’s fifth largest asset manager with EUR36 billion in assets under management, is developing a fund of funds that can invest 20% of its portfolio in hedge funds.

  • Morningstar Says Let Managers Run Hedge & Mutual Funds

    June 21, 2004

    The Securities and Exchange Commission should not forbid portfolio managers who manage hedge funds from also managing mutual funds, Morningstar recommended in a May 21 letter to the Commission.

  • Naissance To Launch Generic-Drug Hedge Fund

    June 21, 2004

    Only a week after announcing its new $500 million India hedge fund, Naissance Capital is planning to launch a generic-drug hedge fund July 1.

  • Philly To Embrace Hedge Funds

    June 21, 2004

    The $4.1 billion City of Philadelphia Board of Pension & Retirement system has carved out a 5% allocation to hedge funds--its first to the asset class--and has hired CRA RogersCasey to assist it in searching for hedge fund managers.

  • Private Equity Firms Mulling Move To Hedge Funds

    June 21, 2004

    Private equity firms may be poised to cash in on the hedge fund business, according to The Daily Deal.

  • Royal Mail Opts For Hedge Funds

    June 21, 2004

    Royal Mail has recently decided to follow in the footsteps of mammoth pension funds BT and the Railways Pension Scheme by allocating 5% of its approximately GBP15.5 billion in plan assets to hedge funds, according to an industry official who has spoken to Royal Mail.

  • Titan Capital To Close Funds At $500 Million

    June 21, 2004

    Titan Capital Group will hard close the three volatility arbitrage funds it manages when it reaches its goal of $500 million in assets.

  • UBS Hires Lehman Equity Staffer For Hedge Fund Sales

    June 21, 2004

    UBS has hired Makram Fares, director in equity derivative sales to hedge funds at Lehman Brothers in London, for a similar role.

  • Buyout Honcho To Launch Hedge Fund

    June 18, 2004

    Marc Bataillon says he plans to apply a buy out approach when he launches his new hedge fund in July, according to Financial News.

  • CSFB To Launch Series of Index Certificates

    June 18, 2004

    Credit Suisse First Boston will launch a second series of certificates based on the CSFB/Tremont Investable Hedge Fund Index.

  • First Foreign VC Fund Penetrates China

    June 18, 2004

    For the first time a foreign venture capital fund has been permitted to operate and invest in China in partnership with a local fund, according to AltAssets.

  • GS Equity Closes Third Fund

    June 18, 2004

    Australia-based GS Private Equity has closed its recently launched GS Private Equity Fund 3 with AUD450 million in commitments, according to AltAssets.

  • HK Monetary Authority Chief Sounds Hedge Fund Warning

    June 18, 2004

    The head of the Hong Kong Monetary Authority recently singled out hedge funds as an area that needs special attention.

  • Institutions Outline Manager Criteria

    June 18, 2004

    Three large North American institutions outlined what they considered important when selecting hedge fund managers at the Managed Funds Association’s Forum 2004 conference this week.

  • MFA Stands Firm Against Regulation

    June 18, 2004

    The Managed Funds Association underlined its continued opposition to a Securities and Exchange Commission staff proposal to register hedge fund managers as investment advisers at a panel during its summer conference this week.

  • SAC Alum Launches Short-Term Fund

    June 18, 2004

    Marc Scharf, a former portfolio manager at SAC Capital Advisors, has launched his own fund, Capital M Partners.

  • Fimat Adds Two Hedge Funds To Benchmark

    June 17, 2004

    Fimat Group has added two new hedge funds to its Fimat Volatility Arbitrage Median (FVAM) benchmark, bringing the total to seven, since the FVAM was launched in December.

  • Former Gothaer Unit Entering Mezzanine Market

    June 17, 2004

    Capiton, a middle-market private equity subsidiary of Gothaer Insurance, plans to move into the mezzanine sector after it spins out from its German parent company, according to AltAssets.

  • Hedge Fund Investment May Surpass Mutual Funds

    June 17, 2004

    The inflow of assets into hedge funds may surpass that of mutual funds in the next year or two, according to Steven Galbraith, a partner with Maverick Capital and formerly chief investment officer at Morgan Stanley.

  • HFR Adds Risk Chief From Northern Trust

    June 17, 2004

    Fund of funds firm HFR Asset Management has tapped Don Rieck from Northern Trust to be its director of risk management.

  • J.P. Morgan Seeks Officials In London

    June 17, 2004

    J.P. Morgan Alternative Asset Management is looking to hire two senior staffers for its London office.

  • New Star Launches Fund

    June 17, 2004

    Ireland-based New Star Asset Management plans to launch the Managed Hedge Fund this month, according to Portfolio International.

  • Western Venture Fund Raises $80 Million

    June 17, 2004

    US Appian Ventures expects to use the $80 million it has raised for its debut fund to invest in software and technologies companies in the western U.S. that are involved network connectivity, according to AltAssets.

  • Canadian Railway Plan Eyes Funds of Funds

    June 16, 2004

    VIA Rail Canada, the national passenger rail service, is seeking to expand its C$1.4 billion pension’s hedge fund and private equity investments, most likely through funds of funds.

  • Commonfund To Seek CTA Managers

    June 16, 2004

    Commonfund's $2 billion fund of funds is searching for CTA managers.

  • Former EBF Official's Firm To Launch Asian Convert Fund

    June 16, 2004

    Pine River Capital Management, which is run by Brian Taylor, formerly a partner at hedge fund firm EBF & Associates, will launch an Asian convertible arbitrage fund this month.

  • Greenspan Opposes Hedge Fund Regs

    June 16, 2004

    Testifying before the Senate Banking Committee, Federal Reserve Board Chairman Alan Greenspan says in general he sees no purpose in regulating hedge funds, according to Bloomberg News.

  • Hong Kong Regulator Suspects Fund of Misappropriations

    June 16, 2004

    Hong Kong-based CSA Absolute Return Fund, a $200 million fund of funds, after it has come under suspicion by the Securities and Futures Commission.

  • MFA Hits Back After ICI Slam

    June 16, 2004

    The Managed Funds Association has responded to comments by the Investment Company Institute that call for hedge fund regulation.

  • Putnam Lovell CEO Predicts More Hedge Fund Acquisitions

    June 16, 2004

    Donald Putnam, ceo and co-founder of investment bank Putnam Lovell NBF, predicted an up tick in hedge fund acquisitions in the next three years.

  • Rock Star Bono Joins Private Equity Fund

    June 16, 2004

    Paul Hewson, better known as lead singer Bono of the Irish rock group U2, has been named managing director of the recently formed private equity fund Elevation Partners.

  • UBS Cap Intro Official Hops To Citi

    June 16, 2004

    Ross Bartfield, a director and founding member of UBS' Capital Introductions team in New York, has resigned.

  • Bluecrest To Launch Fifth Fund

    June 15, 2004

    Bluecrest Capital Management plans to launch a fifth fund later this year, according to Dow Jones Newswires.

  • BofA Hires Specialist To Focus On Credit Derivatives

    June 15, 2004

    Banc of America Securities has hired Peter Nguyen to lead a specialist sales effort focused on coverage of hedge funds, banks and other frequent users of credit derivative products.

  • Chanos Advocates Congressional Lobbying

    June 15, 2004

    Jim Chanos, the well-known short-seller, kicked off the Managed Funds Association's Forum 2004 conference yesterday by advocating increased lobbying efforts for the hedge fund industry in Washington, D.C.

  • Deutsche Bank Seeks Third-Party Distributors

    June 15, 2004

    Deutsche Bank hedge fund offshoot, DB Absolute Return Strategies, is looking to engage a number of third-party firms to distribute its funds in markets in which the bank does not have significant coverage.

  • FrontPoint Taps Sofaer Asian Investment Honchos

    June 15, 2004

    FrontPoint Partners has hired two officials from Sofaer Capital International to concentrate on the Asian market.

  • Funds of Funds Limit Investors

    June 15, 2004

    Funds of Funds are starting to limit the amount of capital any one investor puts in their funds.

  • Gartmore To Kick Off Fund

    June 15, 2004

    Gartmore Investment Management is planning to launch a new fund that will invest in European banks and insurers, Bloomberg News reports.

  • Three Private Equity Firms To Invest $122M In RiskMetrics

    June 15, 2004

    Three private equity firms have closed on an agreement to invest a total of $122 million in RiskMetrics Group, a major independent financial risk management firm.

  • UBS Official Leaves For HSBC

    June 15, 2004

    Grant Thompson, global head of leveraged fund services at UBS, has left to become to become global head of sales to hedge funds at HSBC Holdings, according to Bloomberg News.

  • ADI Sub Seeds London Hedge Fund

    June 14, 2004

    NewAlpha Advisers, a subsidiary of French hedge fund manager ADI, has seeded its first hedge fund manager.

  • Alts Hit Austrian Scheme's Radar

    June 14, 2004

    The EUR2 billion Vereinigte Pensionskasse is planning to gradually increase its 0.5% exposure to European real estate to 3% gradually assets, over the next three-to-five years.

  • Citadel Marketer Hangs Out Shingle

    June 14, 2004

    Carey Metz, a power marketer at Citadel Investment Group in Chicago, has left the firm and is reportedly starting a hedge fund.

  • Compliance Culture Propagates Hedge Fund Transparency

    June 14, 2004

    Hedge funds have been increasing the transparency of their investments due to market factors, according to lawyers and compliance officers.

  • Dexion To Issue Additional Shares

    June 14, 2004

    Dexion Capital expects to issue up to 150 million C shares for its Dexion Absolute fund of funds, according to Management Account Reports.

  • FBI Investigating Phony SEC Examiner Sham

    June 14, 2004

    The Federal Bureau of Investigation, acting on information provided by the Securities and Exchange Commission, is examining multiple reports that a phony SEC examiner has been calling hedge funds in an attempt to solicit information.

  • Finnish Association Lobbies for More Flexible Investment Guidelines

    June 14, 2004

    TELA, the Finnish Pension Alliance, is lobbying for the Finnish regulator to relax the restrictions on private pension funds and pension insurance companies' investment strategies.

  • Firm Readies New India Hedge Fund

    June 14, 2004

    Naissance Capital is planning to launch a new $300 million hedge fund that will take advantage of India’s rapid growth, Bloomberg News reports.

  • Fund Of Funds To Hit Capacity

    June 14, 2004

    Close Management will close its new Close Man Hedge Fund on June 18, according to Portfolio Management.

  • Hitachi Mulls Hedge Fund Move

    June 14, 2004

    Hitachi Investment Management in Tokyo, which manages JPY150 billion on behalf of approximately 100 pension funds in the Hitachi Group, is considering investing approximately $100 million in hedge funds this year.

  • Lawyers Suspect Hedge Fund Registration Stalling

    June 14, 2004

    After months of speculation on how exactly hedge fund regulation for investment advisers would transpire, some lawyers have begun to question whether it will happen at all.

  • Optima To Open London Office

    June 14, 2004

    Optima Fund Management, which manages approximately $3 billion, expects to open a London office within the next 12 months.

  • Sainsbury Allocates £25 Million To Funds of Funds

    June 14, 2004

    J Sainsbury is allocating £25 million of its £2.7 billion employee pension scheme to funds of hedge funds, according to Management Account Reports.

  • SocGen Adds Equity Derivatives Salesmen

    June 14, 2004

    SG Corporate & Investment Banking has added two New York-based equity derivatives salesmen who will provide flow products to hedge funds.

  • Sofaer Honchos Bolt Over Equity Spat

    June 14, 2004

    Giampaolo Guarnieri and James Soutar, two investment officials at London-based Sofaer Capital, have resigned, and are setting up their own shop.

  • Sydney's Retail Super To Hire Absolute Return Managers

    June 14, 2004

    The AUD6.5 billion Retail Employees Superannuation Trust in Sydney plans to hire absolute return managers during the next few months.

  • BayStar Acquires Stake In Fund of Funds

    June 11, 2004

    BayStar Asset Management has acquired a stake in Ascendant Capital Partners, a hedge fund of funds firm, from Turner Investment Partners.

  • Dow Jones Grants BNP Paribas Hedge Fund Index License

    June 11, 2004

    Dow Jones Hedge Fund Indexes and Lyra Capital have granted BNP Paribas a license to market, promote, issue and sell structured products linked to the recently launched Dow Jones Hedge Fund Indices.

  • GLG To Launch Fixed-Income Fund

    June 11, 2004

    GLG Partners is planning to launch a $500 million fixed-income hedge fund next month, according to Bloomberg News.

  • Gotham Fixed-Income Shop Taps Swiss Re Structured Product Trader

    June 11, 2004

    New York-based hedge fund Apache Capital Management has nabbed Robert Emerson from Swiss Re Financial Products to be a managing director and portfolio manager.

  • Nestlé Pension Honcho To Launch Samba's Fund of Funds Unit

    June 11, 2004

    John Gillbanks, former head of internal investments at Nestlé’s pension fund in Switzerland, will join Samba Financial Group next month as head of the group’s new fund of hedge funds business in London, Financial News reports.

  • Ontario Teachers' To Invest $300 Million In Hedge Funds

    June 11, 2004

    Ontario Teachers' Pension Plan may invest an additional $300 million in hedge funds in 2004, according to Bloomberg News.

  • RAB Raises $88 Million For New Funds

    June 11, 2004

    RAB Capital has raised $88 million for its two newest funds, AFX News reports. Launched June 1, the RAB Japan Fund, which focuses on liquid large-cap stocks, has raised $36 million.

  • Auburn To Seek Alternatives Managers

    June 10, 2004

    Auburn University will seek absolute return, private equity and real estate managers to fill its newly-created 40% allocation to alternative strategies.

  • Barclays Launches New Small-Cap Hedge Fund

    June 10, 2004

    Barclays Global Investors has launched a new small-cap hedge fund to complement its suite of large-cap equity market neutral hedge funds.

  • Beantown Firm To Add Four Analysts

    June 10, 2004

    Boston-based Venus Capital Management is looking to add four analysts as it is readying its second hedge fund.

  • CLB Partners Launching Private Equity Fund

    June 10, 2004

    CLB Partners has announced the formation of a private equity fund. The fund aims to invest in companies with $2-10 million in historical and sustainable cash flow.

  • Germany May Allow Insurers To Invest In Hedge Funds

    June 10, 2004

    Germany’s insurance industry, the largest in Europe, maybe allowed to invest in hedge funds for the first time, according to PricewaterhouseCoopers.

  • London Hedge Fund Nabs UBS Analyst

    June 10, 2004

    London-based Phylon Investment Advisers tapped Paolo Monaco, an official in the investment banking division of UBS, as an analyst.

  • Managers In Buyout Talks With Aberdeen Over Private Equity Unit

    June 10, 2004

    The managing director of Aberdeen Murray Johnstone Private Equity and some of his colleagues are in talks to acquire the division from Aberdeen Asset Management (AAM), according to The Times of London.

  • Merrill Energy Analyst Launches Fund

    June 10, 2004

    John Olson, well-known for his negative predictions about Enron while he was an energy research analyst at Merrill Lynch, has launched an energy hedge fund.

  • Montana Fund Mulling Alternatives

    June 10, 2004

    The University of Montana Foundation will consider how to fund a 10% target allocation to alternatives it decided on based on a 2002 asset allocation study that suggested the $91 million fund diversify.

  • N.Y. Fed Chief Cites Need For More Hedge Fund Monitoring

    June 10, 2004

    While noting the value of hedge funds to the economy, the president of the Federal Reserve Bank in New York also warned that greater monitoring is needed in an area that is facing increasing scrutiny.

  • Newbridge Capital To Open Melbourne Office

    June 10, 2004

    Newbridge Capital plans to open an office in Melbourne, according to News.com.

  • Wine Becoming A Vintage Fund

    June 10, 2004

    One alternative investment that is catching the fancy of investors, especially in China and Russia, is vintage wine.

  • Allianz Mulling Hedge Funds In Germany

    June 09, 2004

    Allianz is contemplating launching hedge funds in Germany, and if it does the firm may create a new hedge fund unit, Bloomberg News reports.

  • Bear Stearns Acquires BDC Financial

    June 09, 2004

    Bear Stearns Asset Management (BSAM) has acquired the private equity specialty finance business of BDC Financial, a Boston-based private equity specialty finance firm.

  • CFTC Market Oversight Chief Resigns

    June 09, 2004

    Michael Graham, the first director of the Commodity Future Trading Commission’s Division of Market Oversight, will be leaving the agency at the end of the month.

  • Ex-Julius Baer Official To Roll Out Fund

    June 09, 2004

    Gianluca Codagnone, formerly a managing director at Julius Baer Italia, has started his own firm with some partners and is getting ready to launch a fund.

  • Fund Houses Ready Funds of Funds For U.K.

    June 09, 2004

    Gartmore Investment Management is looking to develop fund of hedge funds products for the retail market by the end of the year.

  • GAM Hybrid Fund Open To Investors

    June 09, 2004

    The GAM SVG UK Focus Fund is looking for investors.

  • GAM Kicks Off Equity Fund

    June 09, 2004

    Hedge fund titan GAM has kicked off a new global long/short equity fund, GAM Global Equity Hedge.

  • GlobeOp Expands Management Team

    June 09, 2004

    GlobeOp Financial Services (GFS) has expanded its management team with three new appointments. Joining GFS in New York are Michael Allen from UBS, as director of client services, and Brian Wolpert, from Union Bank of Switzerland, as global director of OTC operations and documentation.

  • Mariner Jacks Fee For Flagship Fund

    June 09, 2004

    Mariner Investment Group, the New York-based fixed-income heavyweight, is planning to raise its management fee from 1.5% to 2% for one of its flagship master funds, Mariner Partners.

  • Old Mutual Quant Team To Set Up Hedge Fund Firm

    June 09, 2004

    David Ross, head of quantitative strategies at Old Mutual Asset Managers in London, is leaving next month after nine years with the firm to set up his own hedge fund business along with three colleagues from Old Mutual’s quantitative team.

  • Portuguese-French Cross-Border Equity Fund to Launch

    June 09, 2004

    Espírito Santo Capital of Portugal and Sigefi Private Equity of France plan to launch a cross-border private equity fund that will invest in middle-market companies.

  • StoneHedge Taps Schwab Institutional Official

    June 09, 2004

    Peter Goldman has joined StoneHedge Partners in Boston to oversee the development of the registered investment adviser market sector.

  • Thomas H. Lee To Acquire Majority Stake In REFCO

    June 09, 2004

    REFCO Group has signed a definitive agreement with Thomas H. Lee Partners paving the way for the Boston-based private equity firm to acquire a major ownership stake in the firm.

  • Wilshire Hires Hedge Fund Research Chief

    June 09, 2004

    Wilshire Associates, the Santa Monica, Calif.-based consulting firm, has hired Thomas Kuntz as a managing director in charge of its hedge fund research effort

  • Hedge Funds Down, But Things May Be Looking Up

    June 08, 2004

    Despite a negative return in May, things may be looking up for hedge fund managers, according to the Hennessee Group.

  • Merrill Lynch Boosts Asian Prime Brokerage

    June 08, 2004

    Merrill Lynch has announced the addition of two executives to its Asian prime brokerage.

  • New CFO Trade Group Takes Shape

    June 08, 2004

    A hedge fund trade group for chief financial officers and chief operating officers is being formed and will be modeled after the Private Equity CFO Association.

  • PlusFunds: $2.5B Invested in S&P Hedge Fund Indices

    June 08, 2004

    PlusFunds Group is currently overseeing $2.5 billion in the S&P Hedge Fund Indices.

  • RMB International Launches Hedge Fund

    June 08, 2004

    RMB International, a Luxembourg-based fund manager, has launched a fund of hedge funds that will select hedge fund managers that aim for higher risk-adjusted returns, according to Portfolio International.

  • Spain Under Pressure To Allow Hedge Funds

    June 08, 2004

    Asset managers around Europe are looking to Spain's new government to permit the sale of hedge funds in that country, Bloomberg News reports.

  • UBS To Open Dublin Office

    June 08, 2004

    Responding to the growing need to have administrative services nearby, UBS has announced that it will open an office in Dublin next month, according to The Sunday Business Post.

  • Alaska Funds Move To Make First Hedge Fund Investments

    June 07, 2004

    The $11 billion Alaska State Pension Investment Board is reviewing a shortlist of absolute return hedge fund of funds candidates and plans to make its first commitment of $300 million to hedge funds over the next year, while the $27.3 billion Alaska Permanent Fund has compiled a list of three absolute return hedge fund managers of managers to make presentations to the board June 17.

  • Budzyna Leaving Ernst & Young

    June 07, 2004

    John Budzyna has announced his resignation from Ernst & Young.

  • Citi Taps Risk Manager

    June 07, 2004

    Citigroup’s Equity Finance Group, which includes its prime brokerage business, has hired Severino Renna as its new risk manager.

  • GAM Eyes Private Placement Insurance

    June 07, 2004

    GAM USA is actively looking into private placement variable universal life insurance (PPVULI) as a means to offer its hedge fund offerings to U.S. high-net-worth individuals.

  • Hedge Fund Interest In Commodities Raises Concerns

    June 07, 2004

    The flood of hedge fund money into commodity markets--in particular oil--in the last three months has raised concerns with structurers working for retail and institutional clients.

  • Heritage Partners Hits Brick Wall

    June 07, 2004

    Heritage Partners has shelved plans to raise fund IV and received permission from the majority of its investors to extend by a year the investment period for Heritage Partners III--an $843 million fund that stopped taking in new money in 1999.

  • Incubator Hopes To Attract Up To 25 Firms

    June 07, 2004

    Umbrella Asset Management, a new type of hedge fund incubator that will be launched later this year, expects to attract up to 25 hedge fund firms onto its platform during its first year of launch.

  • Marin Capital Readies Credit Fund

    June 07, 2004

    Marin Capital Partners is prepping to launch a credit arbitrage fund.

  • Martin Currie Readies Japanese Fund

    June 07, 2004

    Edinburgh-based asset manager Martin Currie is prepping its second Japanese hedge fund.

  • McDonald Readies Funds of Funds

    June 07, 2004

    McDonald Financial Group will offer four funds of hedge funds next month.

  • Morgan Stanley Expands Alts Platform

    June 07, 2004

  • Nelson Peltz's Triarc Moves On Deerfield

    June 07, 2004

    Billionaire Nelson Peltz's holding company Triarc Companies is close to investing $185 million in Deerfield & Co. and its subsidiary, Deerfield Capital Management.

  • Oak Hill Lands CalPERS Honcho

    June 07, 2004

    Richard Hayes, the senior investment officer of CalPERS’ Alternative Investment Management Program, will join Oak Hill Partners as managing partner on July 7.

  • Old Hill Eyes Multi-Strategy Launch

    June 07, 2004

    Old Hill Partners, a fixed-income hedge fund firm based in Darien, Conn., is considering launching a multi-strategy fund that could invest in all of the strategies managed by the firm and its sister company, The Patriot Group.

  • Peltz To Sub-Advise Start-up Fund Of Funds

    June 07, 2004

    Hoboken-based start-up The Winslow Group plans to launch its first offering next month, a fund of hedge funds that will be sub-advised by Peltz Capital Management, said Rui Moura, managing director and co-founder.

  • Pengana Extends IPO

    June 07, 2004

    Sydney-based Pengana Capital has announced that it is extending its IPO until June 15.

  • Pennsylvania Fund of Funds Adds Staffers

    June 07, 2004

    Bala Cynwyd, Pa.-based Attalus Capital, which manages $400 million in hedge fund of funds assets, is beefing up its team.

  • SEC Asked Not To Ban Same Manager For Mutual & Hedge Funds

    June 07, 2004

    Disclosing that the same portfolio manager oversees both mutual and hedge funds is fine, the Asset Managers Forum told the Securities and Exchange Commission last week, but don't ban managers from doing both jobs at once.

  • Weston, Atlas Seed Distressed Debt Fund

    June 07, 2004

    An entity run by Weston Capital Management, Atlas Capital Group and Rand Merchant Bank’s subsidiary RMB International, is investing in a nascent distressed debt fund.

  • Barclays Rolls Out Fund

    June 04, 2004

    Barclays Global Investors launched--and then on the same day closed--the BGI Smaller Companies Equity Market Neutral Fund.

  • Baring Rolls Out New China Hedge Fund

    June 04, 2004

    Baring Asset Management plans to launch The Baring China Absolute Return Fund this month.

  • Citadel Taps Island ECN Honcho

    June 04, 2004

    Citadel Investment Group has hired Matt Andresen for the company’s Citadel Derivatives Group subsidiary in Chicago.

  • European Hedge Fund Assets Experience Steep Growth

    June 04, 2004

    Hedge fund assets under management are experiencing a 50% annual growth rate in Europe, according to a recent report, European Rainmakers, published by UBS.

  • Geneva Firm Hires Marketer

    June 04, 2004

    Alternative Asset Advisors (3A) in Geneva has hired Sophie Maireas head of marketing, a new position.

  • Highland Financial Snags Stonehedge Official

    June 04, 2004

    Dean Smith will be joining Highland Financial Holdings Group as senior vice president in charge of credit risk products and risk management.

  • Julius Baer Launching Third Fund

    June 04, 2004

    Julius Baer has announced plans to launch its third hedge fund this fall.

  • Munich Shop Preps Domestic Fund

    June 04, 2004

    LION Advisors, a Munich-based long/short equity manager, is preparing one of the first domestic hedge funds to be launched under Germany’s new hedge fund law.

  • Muzinich Looks To Raise U.S. Assets

    June 04, 2004

    Muzinich & Co., the New York-based high-yield manager, has tapped a new U.S. marketer in an effort to court domestic investors.

  • Nordic Manager Launches Private Equity Fund In U.K.

    June 04, 2004

    Nordea Investment Management will next week launch its first private equity fund of funds targeted at U.K. institutional clients.

  • Optima To Launch Emerging Market Fund

    June 04, 2004

    Optima Fund Management plans to a launch a dedicated emerging market fund next month.

  • Allianz Sub Prepares Macro Fund

    June 03, 2004

    Alpha Vision Capital Management, a Newport Beach, Calif.-based subsidiary of Allianz Dresdner Asset Management (ADAM), is preparing to roll out a global macro fund in July.

  • Drake Taps Official For Asian Push

    June 03, 2004

    Drake Management has hired Richard Horodeck, chairman of advisory firm HedgeJapan, as managing director in charge of product/client development for Japan and Asia.

  • London Fund of Funds To Launch Seeding Vehicle

    June 03, 2004

    London-based Arundel Partners will launch a new fund of funds that will seed emerging managers on August 1.

  • London Start-Up Taps Deutsche Bank, Goldman Biggies

    June 03, 2004

    Nator Capital, a London-based long/short equity start-up, has brought in two additional partners.

  • CSFB Tries To Stop Flow of Managers To Hedge Funds

    June 02, 2004

    Attracted by the prospect of high fees, portfolio managers look at hedge funds as a golden opportunity.

  • Mesirow Taps Adams Street Honcho

    June 02, 2004

    Mesirow Financial has hired Marc Sacks as its new senior managing director and head of its private equity partnership group. Before joining Mesirow, Sacks was a partner at Adams Street Partners for 11 years.

  • Northern Trust Hedge Funds Assets Top $800 Million

    June 02, 2004

    Northern Trust Global Investments announced that its hedge fund program has grown to more than $800 million.

  • O'Connor Official Joins Blackstone

    June 02, 2004

    Bruce Amlicke has become the first chief investment officer for Blackstone Alternative Asset Management. Amlicke, who held the CIO position at UBS O’Connor’s Alternative Investment Solutions Group, will also serve as Blackstone’s senior managing director.

  • Syz and Warburg To Jointly Launch Funds of Funds

    June 02, 2004

    Swiss banking group Syz & Co. and M.M. Warburg & Co., based in Hamburg, Germany, have announced plans to jointly create alternative products in Germany.

  • Two Former Galleon Staffers Launch Fund

    June 02, 2004

    Two former managers at Galleon Management have launched a new hedge fund, Sedna Partners, according to Bloomberg News.

  • Well-Known Hedge Fund Guru To Launch Long/Short Fund

    June 02, 2004

    Milton Berg, a well known hedge fund portfolio manager at Soros Funds and Steinhardt Partners, will launch Data 500 Investors, a long/short Standard & Poor’s 500 Index fund that will be offered to large institutional investors--especially foundations and endowments.

  • DCM Announces New $375M Venture Capital Fund

    June 01, 2004

    Doll Capital Management (DCM) has announced the formation of its newest venture fund.

  • Demand For FX Structured Products Jumps

    June 01, 2004

    Institutional investors are starting to purchase structured products linked to foreign exchange hedge funds.

  • Dover Taps Portfolio Manager

    June 01, 2004

    Dover Management has hired Philip Propper De Callejon, Jr., as cio for equities and senior portfolio manager.

  • EagleRock Taps Chief Operating Officer

    June 01, 2004

    Andy Laszlo has joined EagleRock Capital Management as chief operating officer.

  • GAIM Targets Pensions With Dublin Funds

    June 01, 2004

    GAIM Advisors plans to launch a long/short equity fund of funds in Dublin next month, to target U.K. and European pension funds.

  • Hedge Fund Taps Junk Duo For High-Yield Effort

    June 01, 2004

    George Weiss Associates, an equity-based hedge fund in New York, is starting a high-yield effort that will take positions in bonds and credit derivatives.

  • N.Y. Fund Eyeballs Equity Options

    June 01, 2004

    New York-based hedge fund manager Alpine Analytics Management will likely enter over-the-counter equity derivatives in its soon-to-be-launched market-neutral fund.

  • Private Equity Could Be On The Cards For Doctors

    June 01, 2004

    Artsenpensioensfondsen, the EUR10.2 billion Dutch doctors' pension fund, may put private equity on next year's agenda for the first time.

  • Santander Plans Spanish Offering

    June 01, 2004

    Grupo Santander Asset Management is developing a series of domestic fund of hedge funds for the Spanish retail market.

  • StoneHedge Taps Risk Management Pro

    June 01, 2004

    StoneHedge Partners has hired Shelley Goldberg as a principal in charge of risk management.

  • Venus Capital Hires Portfolio Manager

    June 01, 2004

    Venus Capital Management, a Boston-based hedge fund shop, has hired Sandy Mehta as cio for Asia and portfolio manager of a new Asia-Pacific long/short fund, Venus Acumen Asia Fund.

  • "I'm not a good manager of people, end of story. I will never have a partner again."

    May 30, 2004

    --Peter Homans, manager of long/short equity hedge fund firm Pangaea, lamenting over his less than amicable split with his former partner.

  • Amaranth Enters Consumer Sector

    May 30, 2004

    Multi-strategy behemoth Amaranth Advisors is making a push into the long/short equity consumer space.

  • Anchorage Taps Scotia Bank Loan Maven

    May 30, 2004

    Anchorage Capital Group, a New York-based startup run by two former Goldman Sachs bank debt honchos, has hired Mike Aglialoro, Scotia Capital's former head of loan portfolio management.

  • AP-Fonden 7

    May 30, 2004

    Sweden's seventh state pension fund, the SEK40 billion (E4.4 billion) AP-Fonden 7, based in Stockholm, is exploring the possibility of investing in emerging hedge fund managers.

  • Completed Searches Table

    May 30, 2004

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

  • Custody Battle for Premature Twin Boys Turns Vicious As Diandra Douglas Has Babies' Biological Father Arrested

    May 30, 2004

    LOS ANGELES, May 24 /PRNewswire/ -- The birth of twin boys who survived being born 12 weeks premature should be cause for celebration, but in the case of Diandra Douglas, former wife of actor Michael Douglas, and the babies' genetic and biological father, Zack Hampton Bacon, III, successful NYC-based hedge fund executive, the battle for custody turns vicious and ugly.

  • D.E. Shaw Dips Toe In Macro Pool

    May 30, 2004

    Hedge fund behemoth D.E. Shaw & Co. has entered the world of global macro investing for the first time.

  • French Insurer Readies Hedge Fund Foray

    May 30, 2004

    French insurance company Groupe Camacte will make its first allocation to hedge funds from its €700 million investment portfolio in July.

  • Galleon Partners launch Fund of Funds

    May 30, 2004

    Long/short equity heavyweight The Galleon Group has launched a fund of funds designed to manage the personal assets of the firm's partners.

  • Galtere, New York

    May 30, 2004

    Located around the corner from an Armani Exchange store in New York's trendy Flatiron District, Galtere's headquarters is anything but corporate.

  • Irvine Foundation Seeking Hedge Funds

    May 30, 2004

    The James Irvine Foundation is seeking hedge fund managers to fund its 10% allocation to the asset class, which is only half-funded, and is also still funding its 8-10% real estate allocation.

  • K2 To Roll Out First Currency Fund

    May 30, 2004

    K2 Advisors is prepping its first currency-only fund of funds, representing only its second single-strategy fund of funds.

  • Mariner Kicks Off Higher-Risk Fund Series

    May 30, 2004

    Mariner Investment Group, the fixed-income giant run by Bill Michaelcheck, is rolling out a new multi-strategy fund series that will take more investment risks than the firm's other funds.

  • Moore Capital Honcho Fires Off Unusual Press Release

    May 30, 2004

    Zack Bacon, brother of Moore Capital Management chief Louis Bacon, aired his dirty laundry on PR Newswire May 24, when the New York-based Moore Capital executive issued a press release detailing his side of a complicated custody battle with his partner Diandra Douglas, ex-wife of actor Michael Douglas.

  • New Searches Table

    May 30, 2004

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

  • New Zealand Plan Eyes Alternatives

    May 30, 2004

    The NZD3.5 billion (£1.1 billion) New Zealand Superannuation Fund plans to start looking at global property, private equity, hedge funds and infrastructure investments by year-end, with a view to starting manager searches next year.

  • Potential Searches Table

    May 30, 2004

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

  • Québec Institutions Eye Additional Hedge Funds

    May 30, 2004

    Two large Québec institutions are taking a look at increasing their allocations to hedge funds, which could result in more than C$4 billion in searches.

  • Updated Searches Table

    May 30, 2004

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


 

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