Stories

  • MMC Capital Raises $1.1 Billion

    July 30, 2004

    Marsh & McLennan Cos.' Private-equity unit, MMC Capital, has closed its Trident III fund after raising $1.1 billion, according to AltAssets.

  • New SVG Offering To Invest In Private Equity

    July 30, 2004

    SVG Capital is marketing its EUR400 million SVG Diamond Private Equity Plc, a collateralized debt obligation whose portfolio contains rated bonds that are backed by private equity investments, according to PrivateEquityOnline.

  • Oppenheim Launches Two Hedge Funds of Funds

    July 30, 2004

    Oppenheim Prumerica has launched two hedge funds of funds, according to Der Bonds.

  • Largest Italian Buyout Fund Closes At EUR700 Million

    July 29, 2004

    Milan-based Investitori Associati has closed its fourth buyout fund at a record EUR700 million, according to PrivateEquityOnline, making it the largest Italian fund of its kind.

  • More U.K. Pension Plans Invest In Hedge Funds

    July 29, 2004

    A new survey by the U.K.'s Department of Work and Pensions says that 7% of 699 pension plans have invested with hedge fund managers, compared with virtually no hedge investments only a few years ago.

  • RAB Capital Shares Drop 15%

    July 29, 2004

    Hedge fund manager RAB Capital suffered its biggest single-day decline in share price on July 28 since the U.K. hedge fund manager started trading shares in March, according to Bloomberg News.

  • Thomas Lloyd-Butler Beefs Up Capital Management Team

    July 29, 2004

    Scott Chan, a research analyst with Thomas Lloyd-Butler Capital Management, has been promoted to portfolio manager and partner.

  • Worldview Technology Names General Partner

    July 29, 2004

    Worldview Technology Partners has named Irwin Gross as its new general partner.

  • ABN AMRO Adds To Its Foreign-Exchange Team

    July 28, 2004

    Increased foreign-exchange trading volume has prompted ABN AMRO to add seven people to its forex trading team, Reuters reports.

  • CTA Firm Rolls Out Quantitative Market Neutral Fund

    July 28, 2004

    Eclipse Capital Management, a $500 million CTA firm based in St Louis, is prepping its first non-CTA hedge fund in an effort to expand its scope of strategies.

  • Dove Launches Directional Fund On Schneider Platform

    July 28, 2004

    Portfolio manager Clint Dove plans to launch the Saffron US Equity Fund in August.

  • Friedman Fleischer Closes Fund

    July 28, 2004

    Friedman Fleischer & Lowe has closed its second fund with $750 million, 25% higher than its original target of $600 million, according to AltAssets.

  • Galleon Alum To Launch Fund

    July 28, 2004

    Adam Wolfberg, a former portfolio manager with the Galleon Group, is preparing to launch his fund in October.

  • HSH Nordbank Ups Hedge Biz With Stake In Credaris

    July 28, 2004

    HSH Nordbank has acquired a 49% stake in Credaris Portfolio Management (CPM), thus becoming the largest investor in the firm that runs hedge funds and manages portfolios.

  • Optima, Bear Measurisk Sign Risk Monitoring Pact

    July 28, 2004

    Optima Fund Management and Bear Measurisk have signed an agreement under which Bear will provide Optima with risk transparency, reporting and monitoring services using its InterSight program.

  • Pitango Closes Fourth Fund At $300 Million

    July 28, 2004

    Pitango Venture Capital has closed its fourth fund with $300 million in commitments, bringing the Israeli firm’s capital under management to more than $1 billion, according to AltAssets.

  • Pittsburgh Investment Bank Offering First Hedge Fund

    July 28, 2004

    Parker/Hunter, one of Pennsylvania’s largest independently owned investment banks, is planning to launch its first hedge fund, according to the Pittsburgh Business Times.

  • Prospect Energy IPO Falls Short By Five Million Shares

    July 28, 2004

    Prospect Energy Corp., the business development company of private equity firm Prospect, has become the first BDC since April to launch its initial public offering, when several announced their future IPOs, according to Reuters.

  • Trongone Joins Third Point As Chief Operating Officer

    July 28, 2004

    New York-based alternative investment firm Third Point Management Company has named Jeffrey Trongone as its new chief operating officer.

  • Bijesse Named Chief Investment Officer Of EIM Group

    July 26, 2004

    William Bijess will join EIM Group Aug. 2 as chief investment officer of the firm's U.S. operations and as a member of its global investment committee.

  • BluMont Man Series 3 Notes Close At $57 Million

    July 26, 2004

    BluMont Capital has closed its BluMont Man Multi-Strategy Series 3 Notes after raising C$75.7 million. The fund will invest in five categories: futures, arbitrage, funds of funds, equity market neutral and long/short equity.

  • Canadian Uni May Increase Alternatives Allocation

    July 26, 2004

    The University of British Columbia is seeking to increase its C$700 million endowment's allocation to alternatives, namely hedge funds and private equity, to 15% from 10% of assets and its real estate exposure to 10% from 5%.

  • Chemical Co. To Test Private Equity

    July 26, 2004

    Dow Benelux nv Pensioensfond, the Dutch pension fund for the international chemicals company, expects to invest 5% of its EUR800 million assets in private equity for the first time by year-end.

  • Council Tenders For First Hedge Funds

    July 26, 2004

    A GBP17 million fund of hedge funds mandate should be put out to tender this month by the GBP345 million London Borough of Brent Superannuation Fund.

  • Goldman, BNP Alumni Launch Mezzanine Fund

    July 26, 2004

    Robin Doumar, Goldman Sachs' former head of European mezzanine finance, and David Cottam, who ran BNP Paribas' international equity capital markets, have teamed up to launch what may be Europe's largest independent mezzanine fund, according to Financial News.

  • Indian Conglomerate Powers $200 Million PE Fund With Singapore

    July 26, 2004

    Singapore's state investment arm, Temasek, has joined with India's largest conglomerate to launch a $200 million private equity fund that will invest in India’s power sector, according to AltAssets.

  • J.P. Morgan Exec Predicts Hedge Fund Admin. Assets to Double

    July 26, 2004

    J.P. Morgan Chase is expecting exponential growth in its assets under administration for hedge funds, a service it is offering for the first time.

  • Mitsubishi Offering For Japanese Pension Fund In Q 3

    July 26, 2004

    Mitsubishi Trust & Banking Corp says it plans to offer sometime in the third quarter, a managed futures fund of funds targeting Japanese corporate pension funds, Nikkei Financial Daily reports.

  • Pantheon Closes Fund

    July 26, 2004

    Pantheon has closed its Pantheon Global Secondary Fund II, after raising $900 million in less than nine months.

  • Starview Chairman Exits

    July 26, 2004

    John Frawley, the former Merrill Lynch managed-futures operation head who founded Starview Capital in 2000, has left his position as chairman of the company after a decision to further integrate the operations of Starview and Lyra Capital, according to Managed Account Reports.

  • "We're in it for the long haul, but you never know."

    July 23, 2004

    --Victor Raskin, cio of the YMCA Retirement Fund, hedging on his fund's commitment to hedge fund investing.

  • Aetna To Pitch Hedge Fund of Funds

    July 23, 2004

    Aetna, Inc.'s Alternative Investment Group will market, for the first time, its hedge fund of funds to institutions, especially foundations and endowments.

  • Allianz Readies Fund of Funds

    July 23, 2004

    Allianz Hedge Fund Partners, the $1.1 billion fund of funds of Allianz Dresdner Asset Management, is prepping a new German fund of funds for launch in the fall.

  • AXA Spin-Off Readies Fund of Funds

    July 23, 2004

    Celestar Capital Advisors, an advisory firm specializing in alternatives, is preparing to launch its first fund of funds Oct. 1.

  • BGI Australia To Offer Fund of Funds

    July 23, 2004

    Barclays Global Investors (Australia) is this month launching a fund of funds that seeks to outperform cash by 8%.

  • Chicago Convert Shop Adds Analyst

    July 23, 2004

    Castle Creek Convertible Arbitrage, a Chicago-based hedge fund manager, has hired a credit analyst. David Sekera was previously a research analyst with Banc One Capital Markets' portfolio management group, which manages a $3 billion prop book, said Allan Weine, principal.

  • Chicago Shop Poaches BAREP Marketer

    July 23, 2004

    Lotsoff Capital Management, a multi-strategy money manager based in Chicago, has hired Damien Zinck from French giant BAREP Asset Management, where he served as senior v.p. for business development. Zinck, who will join early next month as a senior v.p. of marketing, was hired to help Lotsoff expand its European coverage, explained Mark Levey, senior managing director at Lotsoff.

  • Citi & German Firm Ready Fund

    July 23, 2004

    Citigroup is working with Frankfurt-based hedge fund firm Arsago Alternative Capital Management to overhaul the latter's German onshore global macro hedge fund to comply with new regulations for the country.

  • Completed Searches Table

    July 23, 2004

  • Deutsche Bank Nabs CDC Ixis Fund Structurer

    July 23, 2004

    Deutsche Bank's structured and investment products group in London hired Florent Josset out of CDC Ixis Capital Markets as a fund-linked notes director.

  • Equalt Readies Second Share Class Arb Fund

    July 23, 2004

    Equalt Alternative Asset Management will launch a second fund in October that employs a share class arbitrage strategy.

  • Ex-Merrill Honcho Joins Loan Shop

    July 23, 2004

    Highland Capital Management, a Dallas-based investment advisor with $500 million in hedge fund assets, has nabbed Dansby White, formerly of Merrill Lynch, to develop the firm's expertise in collateralized debt obligations and credit products.

  • Former Tudor Healthcare Maven Readies Offshore Vehicle

    July 23, 2004

    Ridgemark Capital Management, which runs a long/short biomedical healthcare fund onshore, is planning to launch an offshore version Sept. 1.

  • Fortis Makes Push Into Single-Manager Funds

    July 23, 2004

    Benelux titan Fortis Investments is making a push into single-manager hedge funds.

  • Funds of Funds Asset Growth Spikes By 45%

    July 23, 2004

    Funds of funds saw their assets under management grow by 45%, from approximately $90.5 billion at the end of 2002 to $140.6 billion at the end of last year, according to a recent survey conducted by Watson Wyatt and Global Investor magazine.

  • Funds of Funds Face Unexpected Speed Bump In Entering German Mart

    July 23, 2004

    Firms looking to Germany as the next hot spot for funds of funds have been slow to get their products to market.

  • Hedge Fund Advisers May Re-register To Exploit New Rules

    July 23, 2004

    There is speculation that investment advisers to hedge funds that had voluntarily registered with the Securities and Exchange Commission could withdraw their registration and re-register if a new rule is adopted allowing funds to take advantage of a fee provision.

  • High Yield Shop Poaches K2 Honcho

    July 23, 2004

    Airlie Group, a Greenwich, Conn., high-yield manager, has snagged Steve Ezzes, a senior official at fund of funds giant K2 Advisors. Ezzes, who joins as a managing director, will help the firm make investments, said Dort Cameron, managing partner.

  • Julius Bär Hires ING Derivatives Official

    July 23, 2004

    Julius Bär Investments has tapped a new portfolio manager.

  • Korea Life Eyes Hedge Funds

    July 23, 2004

    Korea Life Insurance, South Korea's second largest insurer with $28 billion in assets, is planning a huge move into a range of international asset classes, including hedge funds and private equity.

  • London Firm Seeks Acquisitions

    July 23, 2004

    London-based hedge fund firm Titanium Capital is aggressively seeking to acquire smaller boutiques. Although there are no specific discussions taking place, it is possible that the firm, which currently has over $400 million under management, might make an acquisition before the end of the year, said Philip Manduca, managing director.

  • Lyster Watson Taps New Chief Operating Officer

    July 23, 2004

    Lyster Watson & Co., a New York-based fund of funds and marketing firm, has tapped a new chief operating officer.

  • Marine Insurer To Consider Hedge Funds

    July 23, 2004

    Oriental Marine and Fire Insurance in Seoul will next year consider investing in funds of hedge funds to diversify its portfolio.

  • Mindich To Launch Fund With High Private Equity Allocation

    July 23, 2004

    Eric Mindich, the highly touted former Goldman Sachs partner who has made headlines with his plans to launch his own hedge fund, is readying a vehicle that could have up to a 30% allocation to private equity.

  • MLIM Hit By Manager Departures

    July 23, 2004

    Hubert Van den Bergh and Michael Sakkas, the two managers of Merrill Lynch Investment Managers' U.K. equity hedge fund, reportedly resigned last Tuesday, according to officials close to the firm.

  • New Searches Table

    July 23, 2004

  • New York Manager Plans Hedge Fund

    July 23, 2004

    A handful of fixed-income veterans have joined OTA Asset Management as part of the firm's plans to launch a hedge fund next month.

  • North Carolina Shop Adds Two

    July 23, 2004

    Mangan & McColl Partners, a Charlotte-based hedge fund manager, has made two hires for its research team. The firm tapped Will Waller, formerly an assistant portfolio manager at Washington, D.C.-based Hovde Capital Advisors, a financial services long/short equity manager.

  • Potential Searches Table

    July 23, 2004

  • Q&A: Do Hedge Funds Live Up To The Hype?

    July 23, 2004

  • Real Estate Scion Buys Out Hedge Fund Partner

    July 23, 2004

    Andy Bluhm, a scion of Chicago's wealthy Bluhm family, has bought out David Markus, his partner in distressed hedge fund firm Delaware Street Capital.

  • San Diego Firm Eyes New Launch

    July 23, 2004

    Context Capital Management, a San Diego-based convertible arbitrage manager, is considering launching an opportunistic convertible fund.

  • Third-Party Marketing Firm Taps Putnam Lovell Pro

    July 23, 2004

    Liability Solutions, a placement agent and advisory specialist for hedge funds with offices in London and New York, has hired Rhonda Rosen, an investment banker from Putnam Lovell.

  • UBP Kicks Off ERISA Fund

    July 23, 2004

    UBP Asset Management, the U.S. subsidiary of fund of funds giant Union Bancaire Privée, has launched its first ERISA-friendly vehicle for pension fund clients.

  • Updates Searches Table

    July 23, 2004

  • YMCA Retirement Fund

    July 23, 2004

    The $3.7 billion YMCA Retirement Fund is seeking to boost its hedge fund allocation to 7% from 4% in the next 12 months.


 

Planning for a high-income year due to 457A income? Download this short paper to find out more about the opportunity to reduce tax liability and have significant charitable impact..

Click here for more details.


Latest Poll

Will a Trump presidency be good for hedge funds?

 - 20%
 - 80%

View previous results