Stories

  • Asian Private Equity Investment Hits $8.6 Billion

    August 13, 2004

    Asian investment in private equity is on course to break a record in 2004, with $8.6 billion poured into PE funds for the first six months of this year, according to a report by Asian Venture Capital Journal.

  • Chamber of Commerce Opposes Hedge Fund Regulation

    August 13, 2004

    An executive of the U.S. Chamber of Commerce says his organization opposes the proposal by the Securities and Exchange Commission to regulate hedge funds to avoid a possible repeat of scandals in other industries.

  • Exponent Raises $730 Million For Debut Fund

    August 13, 2004

    It took less than five months for Exponent Private Equity to launch its debut fund and close its debut fund with an estimated $730 million, according to PrivateEquityOnline.

  • HVB To Sell Hedge Funds In Germany

    August 13, 2004

    Following the lead of Commerzbank and Dresdner Bank, HVB Group says it expects to start selling hedge funds in Germany by year's end, according to Bloomberg News.

  • Mich. To Invest In EDF Offering

    August 13, 2004

    The state of Michigan is making a local venture capital investment, according to Business Direct Weekly.

  • Thames River Launches Fund To Back Hedge Start-Ups

    August 13, 2004

    Thames River Capital has formed Thames River Hedge Ventures Fund to provide financial backing for hedge fund start-ups, Hedgeweek reports.

  • Andor Capital Loses 46% Of Its Assets In July

    August 12, 2004

    Andor Capital Management continues to bleed as it lost 46% of its assets in July, dropping its total assets to $3.5 billion, Bloomberg News reports.

  • Apollo Raises $30 Million For Real Estate Hedge Fund

    August 12, 2004

    Apollo Real Estate Advisors has raised an estimated $30 million in four months for its new hedge fund, Claros Real Estate Security, according to Dow Jones Newswires.

  • Bayes Capital Fund Launches With $13 Million

    August 12, 2004

    Three investors have pumped $13 million into the launch of The Bayes Capital Tactical Equity Fund.

  • Former Uni-Quantum Chief Joins Firm

    August 12, 2004

    Fan Chen has joined Standard Chartered Private Equity as managing director of the firm's activities in China, Taiwan and Hong Kong, according to AltAssets.

  • Illinois Teachers K.O. Hedge Funds

    August 12, 2004

    The Teachers' Retirement System of the State of Illinois (TRS) has decided against investment in hedge funds—at least for now.

  • Mount Lucas Taps Researchers

    August 12, 2004

    Adam Berger and Nan Lu have left the firm they co-founded, Princeton Quantitative Investments, to join Mount Lucas Investment Management Corp. as researchers, according to HedgeWorld.

  • Ferrer Freeman Closes Fund

    August 11, 2004

    Ferrer Freeman & Co. has closed FFC Partners III, L.P, having reached its target of $400 million in commitments.

  • Galen Partners Raises $250 Million For Fourth Fund

    August 11, 2004

    Galen Partners, has closed its fourth fund after raising $250 million, according to AltAssets.

  • Invesco Alumni Working At New Hedge Fund

    August 11, 2004

    Andy Summers, former manager of Invesco Funds Group’s $2.5 billion healthcare investment portfolio, has launched a new hedge fund and has gotten two Invesco analysts--Kevin Reeder and Rich Carney--to join him, according to HedgeCo.Net.

  • Invesco Backing Away From Supporting Polygon Challenge

    August 11, 2004

    Hedge Fund Polygon Investments appears to be losing the support of Invesco in its challenge of the British Energy (BE) restructuring plan, according to the Times of London.

  • Abria Financial Taps New CFO

    August 10, 2004

    Abria Financial Group has named Dominic Staniscia as its new chief financial officer, and Michael Doran senior v.p., investment management.

  • Bank Of New York Hires Sales Manager For Hedge Team

    August 10, 2004

    The Bank of New York has named Linda McLennan as senior sales manager for its expanding hedged fund administration team in London.

  • Carlyle Launches European Leveraged Finance Fund

    August 10, 2004

    The Carlyle Group is launching its new European leveraged finance business with a fund that will invest in senior and mezzanine loans and high yield, according to PrivateEquityOnline.

  • CSFB Adds Two Risk Pros

    August 10, 2004

    Crédit Suisse First Boston’s Hedge Fund Investments (HFI) group, which manages $7.95 billion in fund of funds assets, has made two new appointments to its risk management team.

  • Gartmore Hires Business Development Head

    August 10, 2004

    Gartmore Investment Management has hired Angus Woolhouse, group marketing and product development director at INVESCO in London, as head of business development for global institutional and alternative investments, a new position.

  • Hedge Funds Active In Terra Industries Acquisition

    August 10, 2004

    Hedge fund Perry Capital Management has been an important player in the acquisition of Mississippi Chemical Corp. by Terra Industries.

  • Korean Bank To Set Up $100 Million Tech Fund

    August 10, 2004

    Hana Bank of South Korea has announced plans to establish a $100 million private equity that will invest primarily in technology companies, according to The Korea Herald.

  • Merrill To Launch $50 Million Fund of Funds

    August 10, 2004

    Merrill Lynch Investment Managers has received approval from the Securities and Exchange Commission to launch the Multi-Strategy Hedge Opportunities fund, Bloomberg News reports.

  • Armajaro Commodity Fund To Launch In October

    August 09, 2004

    Armajaro Asset Management says it will launch its Armajaro Commodity Fund in October, according to Managed Account Reports.

  • Credit Veteran Shuns Retirement For Hedge Fund

    August 09, 2004

    Tim Frost, a veteran of the European credit industry who retired from JPMorgan in March, has been linked with Cairn Capital, a newly minted credit asset manager in London.

  • Duke Management Alumni Reunited At Quellos

    August 09, 2004

    Sallie Shuping Russell, formerly a manager of venture capital funds at Duke Management (Dumac), has joined former Dumac Founder Eugene McDonald at Quellos Private Capital, Triangle Business Journal reports.

  • Eden Rock Launches Fund

    August 09, 2004

    Eden Rock Capital Management has launched the Eden Rock Finance Fund (ERFF), a fund of asset-based lending funds.

  • Ex-TFS Head Launches First Freight Hedge Fund

    August 09, 2004

    A group of shipping and freight derivatives professionals, including the former head of freight at inter-deal broker TFS in London, are setting up what is thought to be the first hedge fund to take long/short positions in tanker forward freight agreements (FFAs).

  • Korean Insurer To Invest $100 Million Overseas

    August 09, 2004

    South Korea’s second-largest insurer, Korea Life Insurance, says it plans to invest $100 million of its $28 billion in assets overseas, Financial Times reports. Korea Life is considering investments in international private equity and hedge funds.

  • Korean Manager Plans Fund of Funds

    August 09, 2004

    Daehan Investment Trust Management is to introduce its third global fund of hedge funds in September.

  • Legg Mason Unit To Let Europeans Invest In U.S. Fund

    August 09, 2004

    With the opening of its first office in London, Batterymarch Financial Management, an affiliate of Legg Mason, say it will allow U.K. and European investments in its U.S. All-Capitalization Market Neutral Equity Fund, according to Managed Account Reports.

  • Proponent of Euro Hedge Fund Rules Re-Elected

    August 09, 2004

    John Purvis, the driving force behind the European Parliament's proposal for regulating hedge funds, has been re-elected to his position as vice-chairman of the Parliament's influential economic committee.

  • Sponsors Go Specialist Route

    August 09, 2004

    New private equity funds are increasingly focusing on a particular industry or investment strategy in order to stand out in an ever-more-crowded field of entrants, say industry veterans.

  • U.K. Private Equity Head Joins Competitor

    August 09, 2004

    Darrell Cooke, the head of private equity at Addleshaw Goddard, a London-based law firm, has announced his resignation to join DLA, Addleshaw’s national competitor, according to TheLawyer.com.

  • "The perception that hedge funds are major users of leverage is simply not true."

    August 06, 2004

    -- Charles Gradante, managing principal at Hennessee Hedge Fund Advisory Group, on the results of a recent industry study.

  • BAREP Rolls Out Short-Term CTA Fund

    August 06, 2004

    BAREP Asset Management, the Paris-based hedge fund arm of Société Générale, has developed a unique CTA fund that primarily uses a short-term trend following approach.

  • California Firm Opens To Outside Investors

    August 06, 2004

    Armory Advisors, a long/short event-driven start-up hedge fund firm, is accepting new capital from outside investors for the first time since launching its fund last September.

  • Cazenove Eyes Long/Short Launch

    August 06, 2004

    Cazenove Fund Management is planning to launch a long/short hedge fund next year.

  • Chilton Preps New Fund

    August 06, 2004

    Richard Chilton's Chilton Investment Co. is prepping a new launch.

  • Completed Searches Table

    August 06, 2004

  • Deutsche Bank Hires Three To Boost Structuring Team

    August 06, 2004

    Deutsche Bank has recruited three directors for its North American Structuring team.

  • Discovery Readies Multi-Strategy Fund

    August 06, 2004

    Connecticut-based Discovery Capital Management, which has assets of over $1 billion, launched a global multi-strategy hedge fund.

  • Dutch Doctors Eye Hedge Funds

    August 06, 2004

    The E10 billion Artsenpensioenfondsen, a pension scheme for doctors in the Netherlands, may make a foray into hedge funds and private equity next year.

  • EFG To Launch Combined Hedge Fund, Long-Only Portfolio

    August 06, 2004

    EFG Private Bank is planning to launch a managed strategy in mid-November that will span both traditional investments and hedge funds.

  • Emerging Markets Shop Taps Two

    August 06, 2004

    Artha Capital, a New York-based emerging markets manager, has made a pair of hires.

  • Equalt To Automate Short-Term CTA Program

    August 06, 2004

    Equalt Alternative Asset Management is setting up an automated trading system for the short-term component of its CTA fund, Equalt Systematic Futures.

  • Fidelity Spin-Off Opens Fund To Outside Investment

    August 06, 2004

    Geode Capital Management, a Boston-based hedge fund firm that spun off from Fidelity Capital, the venture arm of Fidelity Investments, has opened its $500 million Geode Multi-Strategy Fund to outside investors.

  • Fire Scheme Seeks Alts.

    August 06, 2004

    The AUD240 million Fire and Emergency Services Superannuation Fund in Perth is seeking a new domestic private equity manager by year-end to replace Foundation Capital (Australia), which is winding down its private equity fund.

  • Firm To Bring Hedge Fund Strats To 401(k) Mart

    August 06, 2004

    The Newport Group is planning to launch a fund of hedged mutual funds for 401(k) plans early in the fourth quarter, marking a first for the defined contribution industry.

  • Fortis Readies First U.S. Hedge Funds

    August 06, 2004

    Fortis Investments is planning two hedge funds that represent its first-ever alternative investment offerings for the U.S. market.

  • Fortune Seeds FX Options Fund

    August 06, 2004

    London-based Fortune Asset Management seeded a foreign exchange options fund on Aug. 1.

  • Fund of Funds To Create Yen-Denominated Share Class

    August 06, 2004

    FAM Global Investments, a $600 million fund of funds, will create a yen-denominated share class for its Master Offshore fund next month.

  • Gartmore Expands Marketing Team In Shake-Up

    August 06, 2004

    Gartmore Investment Management has redesigned the way it handles client service and is hiring to expand its marketing teams in the U.K., Europe, the U.S. and Japan.

  • German Firm Launches First Hedge Fund

    August 06, 2004

    German firm Nauerz & Noell is launching its first hedge fund, an offshore vehicle domiciled in the Virgin Islands focusing on managed futures.

  • German Fund Makes First Venture Into Hedge Funds

    August 06, 2004

    The E16 billion BVV Versicherubgsverein des Bankgewerbes pension fund has hired five funds of funds to invest 1% of its assets in hedge funds this year.

  • Goldman Adds To Fund of Funds Team

    August 06, 2004

    Goldman Sachs' fund of funds group has made a fresh hire for its product development team.

  • Hedge Funds Using Less Leverage

    August 06, 2004

    Hedge funds are not as highly levered as some may think, as 85% of hedge funds have never exceeded two-to-one leverage, according to a recent survey by Hennessee Hedge Fund Advisory Group.

  • India Makes Hedge Fund Market Access Easier

    August 06, 2004

    India has taken steps to make it easier for foreign hedge funds to access Indian markets, according to HedgeCo.Net.

  • John Major Exits Carlyle

    August 06, 2004

    Former British Prime Minister John Major has resigned as European chairman of The Carlyle Group, according to AltAssets, which notes that this latest departure marks a shift away from Carlyle’s predilection toward hiring politically connected people.

  • Lyster Watson Seeks Marketer

    August 06, 2004

    New York-based fund of funds manager Lyster Watson & Co is seeking a marketer.

  • Military Super To Hire Absolute Return Managers

    August 06, 2004

    In a complete overhaul of investment strategy, the AUD7.5 billion (GBP3 billion) hybrid Military Superannuation and Benefits Scheme in Canberra has decided to allocate 40% of its assets to absolute return strategies.

  • Mindich Taps CFO

    August 06, 2004

    Eton Park Capital Management, the hyped-up start-up run by former Goldman Sachs star Eric Mindich, has hired a chief financial officer, Pat Dennis from Ernst & Young.

  • Motor Fund Eyes Hedge Funds

    August 06, 2004

    The Motor Trades Association of Australia Industry Superannuation Fund with AUD2.1 billion, is considering a maiden foray into hedge funds.

  • New Searches Table

    August 06, 2004

  • Pioneer Taps Auda Official

    August 06, 2004

    Pioneer Alternative Investments, which manages $2.3 billion in funds of hedge funds, has added a due diligence analyst.

  • Potential Searches Table

    August 06, 2004

  • Second-Quarter Inflows Into Hedge Funds Drop

    August 06, 2004

    Fading investor optimism helped contribute to hedge funds’ first losses in nearly two years, according to Reuters.

  • Senior Andor Analyst Jumps Ship

    August 06, 2004

    Mike Tierney, a senior analyst at beleaguered long/short equity giant Andor Capital Management, has left the firm.

  • Skandia Seeks Hedge Funds

    August 06, 2004

    Swedish insurer Skandia Liv plans to appoint three hedge fund of funds managers and invest with at least two of them.

  • Thames River Launches Fund

    August 06, 2004

    London-based Thames River Capital has launched, Hedge+, its first hedge fund designed to invest in start-ups, according to Bloomberg News.

  • Updated Searches Table

    August 06, 2004

  • Value Fund Taps First Marketer

    August 06, 2004

    Owl Creek Asset Management, a New York-based opportunistic value manager, has hired its first marketer.


 

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