Stories

  • Mellon Manager Sees Bright Side Of Hedge Fund Registration

    August 20, 2004

    Fund of funds manager Derek Stewart says there are positive aspects of SEC-proposed hedge fund registration.

  • Moore Capital Pours Half Its Assets Into Spiders

    August 20, 2004

    Observers say they are unsure what prompted Louis Moore Bacon to pour half of his firm?s equities under management in spiders, Standard & Poor?s 500 Index depositary receipts, according to Bloomberg News.

  • Schulte Taps New York Attorney

    August 20, 2004

    Terrance O?Malley has joined Schulte Roth & Zabel in the law firm?s New York office, according to HedgeWorld.

  • Texas Teachers To Invest In Hedge Funds

    August 20, 2004

    The Teachers Retirement System of Texas (TRS) is investing in hedge funds so that it can raise enough cash to pay benefits to its 610,000 members, according to HedgeCo.Net.

  • Another Tracker Indicates July Hedge Fund Losses

    August 19, 2004

    HedgeFund.net-PerTrac reports that the top quarter of hedge funds rose an average of 0.58% in July, but the bottom quarter dropped 1.57%, resulting in an average loss of 0.65% for the month.

  • BNY To Introduce One-Stop Hedge Fund Records Platform

    August 19, 2004

    Bank of New York expects to launch in the near future a hedge fund platform that will streamline record-keeping by allowing managers and customers to use the same system, Hedgeco.Net reports.

  • GB Palladin Taps Managing Director

    August 19, 2004

    Jaime Dworkin has joined GB Palladin Capital as managing director who will develop private equity business together with Managing Director Matthew Kahn, according to PrivateEquityOnline.

  • UBS’ New Fund of Funds Aims To Raise $750 Million

    August 19, 2004

    UBS Financial Services hopes to raise $750 million for a new fund of funds it is launching in October, according to a filing with the Securities and Exchange Commission.

  • Asian Biomedical VC Fund Has First Closing

    August 18, 2004

    The joint venture of United Overseas Bank and Japan Asia Investment Co. has raised $12 million in the first closing of its UOB JAIC Venture Bio Investments, with its eye on collecting another $20 million in the next six to nine months.

  • Bryan Cave Offers Alternatives To Hedge Fund Registration

    August 18, 2004

    The law firm of Bryan Cave has offered an alternative to the Securities and Exchange Commission’s proposal to require hedge fund registration.

  • Ex-Goldman Partner Forms Fund With Texas Pacific

    August 18, 2004

    Dinakar Singh, formerly the head of Goldman Sachs in-house trading group, has formed a new investment firm with Texas Pacific Group, The Wall Street Journal reports.

  • Lyra Capital Names New Head of Research

    August 18, 2004

    Lyra Capital has appointed Tom Schneeweis as its new director of research, according to Managed Accounts Reports.

  • Marshall Wace Registers In India

    August 18, 2004

    Marshall Wace Asset Management, a London-based hedge fund with more than $2 billion in assets under management—has registered with India’s Securities and Exchange Board (SEBI) —but not as a hedge fund, according to the Business Standard.

  • Short-Selling Google May Be In Hedge Funds’ Cards

    August 18, 2004

    Google hasn’t made a lot of friends recently, and hedge funds may be hoping they can short sell the company’s stock once it starts trading.

  • Trident Launching Japanese Equity Hedge Fund

    August 18, 2004

    Trident Pacific plans to roll out a mid-cap equity hedge fund that will focus on Japanese equities.

  • Brochet Launches Multi-Strategy Hedge Fund

    August 17, 2004

    Brochet Capital Management has launched Brochet Capital Partners, a multi-strategy hedge fund, according to HedgeWeek.

  • CSFB/Tremont Hedge Fund Index Down In July

    August 17, 2004

    The CSFB/Tremont Hedge Fund Index was off 0.31% in July, but year to date it is still in positive ground, up 2.61%.

  • Deutsche Bank Alumni Launch Debut Fund

    August 17, 2004

    Three former traders at Deutsche Bank have launched Auriel Capital Management, their debut fund, Bloomberg News reports.

  • Five Groups Seek Extension of Hedge Fund Proposal Deadline

    August 17, 2004

    Five trade associations have asked the Securities and Exchange Commission for a 90-day extension to the deadline for commenting on the SEC’s hedge fund registration proposal.

  • MPC Capital May Jump Into German Hedge Fund Market

    August 17, 2004

    MPC Capital AG, a German investment firm, is considering selling hedge funds, now that Germany has permitted such sales to individuals, according to Bloomberg News.

  • Alameda Starts Private Equity Education

    August 16, 2004

    Investment officials and board members at the $3.4 billion Alameda County Employees Retirement Association has started getting educated on different types of private equity investments by its consultant, Strategic Investment Solutions.

  • Building Society To Consider Hedge Funds

    August 16, 2004

    The GBP370 million pension fund for the Bradford & Bingley Building Society is considering a first foray into funds of hedge funds.

  • Citigroup Getting More Into Germany’s Hedge Fund Act

    August 16, 2004

    In addition to a hedge fund selling platform, Citigroup has said it will establish a master kapitalanlagegesellschaft (KAG), or investment company, to support foreign funds, according to Der Fonds.

  • Close Fund, Man To Launch Second Hedge Fund

    August 16, 2004

    Close Fund Management and Man Investments hope to match the success of their first joint fund with a second multi-strategy hedge fund to be launch in the fall, according to Portfolio International.

  • Hedge Funds Set Fifth Consecutive In-Flow Record

    August 16, 2004

    For the fifth time in a row, the inflow of hedge funds surpassed that of the previous quarter, according to HedgeWorld.com.

  • Local Authority Hires First Private Equity Managers

    August 16, 2004

    The GBP500 million London Borough of Islington Pension Fund has hired its first private equity managers.

  • Mass. Lets Pension Fund Keep PE Data Private

    August 16, 2004

    Massachusetts has given the Pension Reserves Investment Management Board the authority to keep some details regarding private equity investments secret, according to the Boston Business Journal.

  • Pine Grove Takes In $100 Million

    August 16, 2004

    Investors last month added another $100 million into Pine Grove Associates, bringing its total of assets in the fund of funds to $592 million—almost 100% increase since the beginning of 2004, according to Managed Account Reports.

  • PRS Group Taps Risk Chief

    August 16, 2004

    PRS Group has named Ravi Cheruvu to head its risk management group in connection with funds of funds and to oversee the firm's convertible arbitrage program, according to HedgeWeek.

  • SG To Blitz Alts Products

    August 16, 2004

    Societe General Asset Management is organizing a series of roadshows in an attempt to raise awareness and understanding of alternative investment products amongst independent financial advisors and online broker platforms.

  • Standard Exec Moves To Dubai To Launch Investment Fund

    August 16, 2004

    Peter Eaves, former head of project finance at Standard Bank in London, is set to move to Dubai at the end of this month to help run a power and energy private equity fund being launched by Standard and Gulf International Bank.

  • Van Hedge Index Drops 0.9% In July

    August 16, 2004

    The Van Global Hedge Fund Index dropped 0.9% net of fees last month, according to Van Hedge Fund Advisors International. Despite the decline, however, year to date the Van Index is up 1.3%.

  • Williams To Launch Energy-Related Hedge Fund

    August 16, 2004

    Lewis Williams, principal of Griffon Energy Capital, has announced plans to launch next month an energy-related hedge fund, according to Bloomberg News.

  • "[It] looked like a Starbucks where a bomb had just gone off."

    August 13, 2004

    -- David Yarrow, founding partner of Clareville Capital, on his firm's old office in London's Fulham neighborhood.

  • Apollo Launches Inaugural Hedge Fund With CMBS Niche

    August 13, 2004

    Apollo Real Estate Advisors has launched Claros Real Estate Securities Fund, a unique hedge fund targeting impaired real estate securities, including troubled commercial mortgage-backed bonds and mezzanine loans, and wants to raise enough cash to initiate a $500 million effort or larger over the next several months.

  • Asian Start-Up Preps Japan Fund

    August 13, 2004

    Trident Pacific Capital, a Singapore-based start-up, is preparing to launch its Trident Pacific Japan - Absolute Return Fund.

  • Asset Alliance Readies Funds Of Funds

    August 13, 2004

    Asset Alliance, with $4.6 billion, is preparing two new funds of funds for Oct. 1.

  • Big Apple Bar Association To Seek Improvements In Hedge Fund Rule

    August 13, 2004

    The Association of the Bar of The City of New York will ask the Securities and Exchange Commission to improve its proposal that would require the registration of investment advisers to hedge funds.

  • British Scheme To Consider Hedge Funds

    August 13, 2004

    The £900 million Durham County Council Pension Fund will consider a foray into hedge funds next year.

  • Cadogan Adds Director Of Investments

    August 13, 2004

    Fund of funds firm Cadogan Management has hired Peter Hommeyer as director of investments.

  • CalPERS' Anson Bullish On LBOs, Venture Capital

    August 13, 2004

    Mark Anson, cio of the $166 billion California Public Employees Retirement System, sees opportunities in leveraged buyout and venture capital funds.

  • Children's Fund Taps Cazenove Analyst

    August 13, 2004

    Children's Investment Fund Management, which made a splash last year with an unusual charity-oriented business model, has hired an analyst.

  • Clareville Capital, London

    August 13, 2004

    Hedge Fund Habitats features the spaces, from quirky to sublime, where hedge fund managers work.

  • Convertible Arbitrage Managers Take Detours

    August 13, 2004

    Convertible arbitrage funds are employing a number of non-conventional hedges in an attempt to make money in a market with little volatility.

  • Dallas Firm Kicks Off PIPEs Fund

    August 13, 2004

    Multi-strategy hedge fund firm Gryphon Partners has launched a PIPEs fund.

  • Danish Firm Readies Multi-Manager Fund

    August 13, 2004

    Danish firm Copenhagen Fund Management is developing a new currency hedge fund that will invest in several underlying managers using an online software platform.

  • Dutch Firm Prepares Offshore Fund

    August 13, 2004

    Aster-X Capital Management intends to launch an offshore version of its existing long/short European equities hedge fund in the next few months.

  • Ex-NYMEX Prez Weighs Hedge Fund Foray

    August 13, 2004

    Robert "Bo" Collins, former president of the NYMEX, is looking to set up a fund to trade energy.

  • Fla. Fund Hires Marketing Head

    August 13, 2004

    Tequesta Capital Advisors, a Palm Beach Garden, Fla.-based hedge fund manager, has opened its first satellite, in New York, and has hired a former Salomon Brothers official to lead the office's marketing and client services efforts.

  • Former Omega Honcho Hires Prez

    August 13, 2004

    Lattanzio Management, a long/short equity firm run by the former head of equity trading at well-known manager Leon Cooperman's Omega Advisors, has hired a president and chief operating officer.

  • Former Tudor Exec. Readies Fund

    August 13, 2004

    Dwight Anderson, a commodities manager who left legendary hedge fund firm Tudor Investment Corporation, is readying a second fund at Ospraie Management, where he recently closed a $1 billion fund.

  • Funds of Funds Down On Convertible Arbitrage

    August 13, 2004

    Funds of funds viewed convertible arbitrage as their least favored strategy in the second quarter, according to a recent survey by Paris-based Seeds Finance.

  • Healthcare Hedge Fund Grows Research Team

    August 13, 2004

    OrbiMed Advisors, a New York-based healthcare hedge fund with $800 million in assets, has beefed up its research team with the addition of three analysts.

  • Investment Adviser Group To Back SEC Hedge Fund Proposal

    August 13, 2004

    The Investment Counsel Association of America plans to back the Securities and Exchange Commission's proposal to require hedge fund investment adviser registration.

  • Investors Sour On Global Macro, Managed Futures

    August 13, 2004

    Hedge fund investors are not currently keen to invest in global macro discretionary and managed futures funds, according to a recent survey conducted by Geneva-based hedge fund advisory firm Tara Capital.

  • London Firm Preps Funds

    August 13, 2004

    London-based Platinum Capital Management is planning to launch a new single-manager hedge fund next month.

  • New Searches Table

    August 13, 2004

  • Potential Searches Table

    August 13, 2004

  • Raymond James To Offer Multi-Manager Fund

    August 13, 2004

    Raymond James Alternative Investment Group plans to add a Bornhoft Group managed futures multi-manager fund, Frontier Fund, to its investment line-up.

  • Robeco-Sage Adds Analyst

    August 13, 2004

    Robeco-Sage Capital Management, a White Plains, N.Y.-based fund of funds manager, has added a senior-level analyst to its investment team.

  • San Bernardino Pension Picks AIG, Benchmark Plus

    August 13, 2004

    The $4.2 billion San Bernardino County (Calif.) Employees Retirement Association has hired AIG Global Investment and Benchmark Plus to each manage $100 million fund of funds mandates.

  • San Francisco Firm Readies Fund

    August 13, 2004

    Belay Capital Management, a San Francisco-based start-up, is preparing to launch its first fund in October.

  • Unigestion Readies New Fund of Funds

    August 13, 2004

    Swiss firm Unigestion, which manages around Euro2.8 billion in hedge fund assets, will launch a new fund at the end of September that will closely mirror the firm's longstanding Hemisphere Defensive fund of funds.

  • Updated Searches Table

    August 13, 2004

  • Zurich Sub Readies Fund of Funds

    August 13, 2004

    The Geneva Life Insurance Company, a subsidiary of Zurich Financial Services, will roll out a customized aggressive multi-strategy fund of funds on Sept. 1.


 

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