Stories

  • ABN Amro Craigs, Direct Capital Team Up For PE Fund

    August 26, 2004

    New Zealand's ABN Amro Craigs and Direct Investment have teamed up to offer that country's third retail fund, according to National Business Review.

  • Cardinal Taps Wale For Hedge Fund Venture

    August 26, 2004

    Cardinal Asset Management has tapped veteran hedge fund manager Phillip Wale to work on its new equity hedge fund.

  • Hedge Funds In Asia Dipping Further

    August 26, 2004

    The Asian hedge fund index composite fell 0.59% last month, with poor performance of Japanese long/short equity funds pulling it even further, according to HedgeWorld.

  • MFA Snags CFTC's Parsons

    August 26, 2004

    The Managed Funds Association has appointed Scott Parsons to the new position of executive v.p., strategic and government affairs.

  • Norshield, Candela To Market Fund of Funds

    August 26, 2004

    Canadian Norshield Financial Group and U.K.-based Candela Capital have joined to market a fund of funds to European institutions, Hedgweek reports.

  • Oak Hill Adds To Investment Relations Force

    August 26, 2004

    Oak Hill Capital Management has named Suzanne Bryan and Patricia Selcke to its investment relations team.

  • ONE Financial Rolls Out Second Guaranteed Note

    August 26, 2004

    ONE Financial has launched ONE Financial MSCI Hedge Invest Index Notes, Series 2, the second principal guaranteed note tied to the Morgan Stanley Capital International.

  • SEC Freezes Assets of Kansas Hedge Fund

    August 26, 2004

    The U.S. District Court For The District Of Kansas has granted the Securities and Exchange Commission's motion to freeze the assets of a Wichita-based hedge fund and its manager in connection with alleged violations of federal securities laws.

  • Aurora Funds Taps CFO

    August 25, 2004

    The Aurora Funds, an early-stage venture capital firm in the Southeast, has named Mike Gorman as its new chief financial officer.

  • Exponent Private Equity Closes With GBP400 Million

    August 25, 2004

    It took Exponent Private Equity only five months to raise GBP400 million and close its debut fund, according to AltAssets.

  • Ex-Secretary of Defense Forms Banking Firm

    August 25, 2004

    William Cohen, the U.S. secretary of defense under President Bill Clinton, has formed TCG Financial Partners, a merchant banking firm, Bloomberg News reports.

  • Massachusetts Releases Results of VC Funds

    August 25, 2004

    In response to requests from the media, Massachusetts Treasurer Timothy Cahill has released performance results for the 103 venture capital funds the state's $32.5 billion pension plan from 1986 to 1998, according to the Boston Globe.

  • Raiffeisen To Launch Fund With Four Int’l Partners

    August 25, 2004

    Vienna-based Raiffeisen Capital Management has launched an Austrian fund of hedge funds with the help of U.K.

  • Bleakley Joins Absolute Capital

    August 24, 2004

    David Bleakley, founding chairman and managing director of the Australian financial planning company Bleakleys Ltd., has joined Absolute Capital Group as a non-executive member of the board of directors.

  • BofA’s Davis Says He Was Fired For Age-Bias Complaint

    August 24, 2004

    Rob Davis, managing director and senior sales executive of Banc of America’s prime brokerage, says he was fired for filing an age-discrimination complaint with the Equal Employment Opportunities Commission, according to Mar/Hedge.

  • FIM Names Research Director

    August 24, 2004

    FIM Limited has named Brendan Robertson as a director in the London-based firm’s research and investment department.

  • Former CSA Executives To Launch Asian Fund of Funds

    August 24, 2004

    Jennifer Carver and Brian MacDougall have formed Oria Capital Management and will run two funds not involved in an alleged fraud scheme at their former firm, CSA, in addition to rolling out a new Asian fund of hedge funds, Hedgeweek reports.

  • Former Fidelity Manager Moves To Man Group

    August 24, 2004

    Rainer Fritzche, a former manager at Fidelity Investments, has joined Man Group as a senior client relationship manager, according to Bloomberg News.

  • Market Conditions End Evercore’s BDC Quest

    August 24, 2004

    Evercore Investment Corp. has pulled the plug on its IPO hopes.

  • MPC Looking to Raise EUR25 Million For Sixth Fund of Funds

    August 24, 2004

    MPC Capital is looking to raise EUR25 million for its latest fund of funds, MPC Global Equity VI, PrivateEquityOnline reports.

  • Royal Skandia To Launch Fund With Guarantee

    August 24, 2004

    Royal Skandia expects to launch, for the first time, a structured product that invests in hedge funds that comes with a money-back guarantee, Portfolio International reports.

  • ADI Hires Convertible Arb Pro

    August 23, 2004

    ADI, the French alternative fund manager with EUR5.83 billion under management, has hired Paul Besson, head of volatility and convertible arbitrage at CCR, a subsidiary of Commerzbank with EUR200 million under management.

  • Barton Biggs Makes Sour Bet On Oil

    August 23, 2004

    An investment firm formed by a former longtime Morgan Stanley honcho Barton Biggs has seen its fortunes sink as the price of crude oil keep rising.

  • BNP Paribas Preps German Wrapper

    August 23, 2004

    BNP Paribas Asset Management in Germany is seeking approval to launch a domestic fund of hedge funds wrapper in Germany.

  • Ferd’s Debut Fund Closes At $186 Million

    August 23, 2004

    Ferd Equity Partners (FEP) has closed its debut fund at $186 million, according to PrivateEquityOnline.

  • Forsyth Offers Income & Growth Hedge Fund Product

    August 23, 2004

    Forsyth Partners, an independent financial services group, and KBC Financial Products have structured an innovative investment product based on Forsyth's alternative strategies fund.

  • GE Dutch Pension Seeks Hedge Funds

    August 23, 2004

    General Electric's EUR400 million pension scheme for Dutch employees is planning to hire its first alternatives managers in the first half of next year.

  • Hedge Funds Less Attractive, But Still Popular

    August 23, 2004

    Analysts say falling returns and high fees are making hedge funds less attractive, according to Reuters, but they will remain popular because the absolute returns they offer still outperform investments with relative returns, which can often be negative in a bear market.

  • Hedge Funds Pile Into Oil Market

    August 23, 2004

    Hedge funds and prop desks have been entering the oil derivatives market in increasing volumes in the last few weeks to take advantage of the widening price difference between crude oil and jet fuel, according to traders.

  • JPMorgan Transfers Credit Honcho For New Asian Role

    August 23, 2004

    JPMorgan has shunted Dean Rostrom, v.p. in the investors solutions group in New York, to take a new role in Tokyo as Asian head of global structured credit marketing and alternative investment products.

  • London Manager To Open In Singapore

    August 23, 2004

    Platinum Capital Management, a London-based hedge fund manager, expects to open an office in Singapore by October, pending regulatory approval.

  • Man Launches Capital-Guaranteed Structured Notes

    August 23, 2004

    Man Investments is prepping a series of capital-guaranteed structured notes pegged to a portfolio of hedge funds selected by Man’s RMF Investment Management subsidiary.

  • N.Y. To Increase Requirements For Private Fund Startups

    August 23, 2004

    A bill that would increase the amount of information startup firms are required to publish in the media, and which hit opposition from lawyers, was recently approved by New York State Legislature.

  • Softbank Fund To Target Banks, Insurers

    August 23, 2004

    Softbank Investment is attempting to lure regional banks and insurers into investing in a new hedge fund, according to Financial Times. One of Softbank’s units, SBI, aims to collect $300 million for a U.S. investable hedge fund index.

  • University of North Carolina Invests 55% In Hedge Funds

    August 23, 2004

    No one comes close to investing in hedge funds the way the University of North Carolina does.

  • "In a smaller structure, you're able to be less pigeon-holed, while in a large corporation you get stuck in one path."

    August 20, 2004

    --Tom Hunter, the new controller of Attalus Capital, on his move from JPMorgan to a smaller firm.

  • ... Expands Fund-Linked Biz

    August 20, 2004

    Credit Suisse First Boston is expanding its $15 billion fund-linked product group, which originates structured products pegged to funds of funds and hedge fund indices, in the Americas and Asia.

  • Austrian Scheme May Increase Hedge Fund Allocation

    August 20, 2004

    The E2.2 billion ÖPAG Pensionskassen Aktiengesellschaft is considering increasing its 4% allocation to hedge funds to 10-15% of assets to boost returns.

  • BAREP Marketer Exits

    August 20, 2004

    Cécile de Lasteyrie, a marketer for BAREP Asset Management, the Paris-based hedge fund arm of Société Générale, has left the firm.

  • Cazenove To Reopen U.K. Long/Short Fund

    August 20, 2004

    London-based Cazenove Fund Management will reopen its U.K. long/short equity hedge fund to new investors on Oct.1.

  • CSFB Readies Global Hedge Fund Marketing Campaign ...

    August 20, 2004

    Credit Suisse First Boston is making a global hedge fund marketing push and has tapped Patrick Durkin, a Credit Suisse Asset Management marketing veteran, to lead the effort.

  • Deutsche Asset Management To Expand U.K. Hedge Fund Biz

    August 20, 2004

    Deutsche Asset Management (DeAM) intends to grow its London-based hedge fund business with new hedge funds later in the year and further moves to increase its assets.

  • Deutsche Bank Sub To Refocus Fund For Europe

    August 20, 2004

    DB Absolute Return Strategies, a Deutsche Bank hedge fund offshoot, is seeking to refocus its Topiary 2 fund of funds as its primary product for targeting the European institutional and high-net-worth market.

  • Deutsche Bank Taps Two Merrill Derivatives Pros

    August 20, 2004

    Deutsche Bank's structured and investment products group, part of the bank's global equity derivatives department, nabbed two staffers from Merrill Lynch who will be focusing on several areas, including hedge fund-linked products.

  • DKR Spin-Off Adds CFO

    August 20, 2004

    Basso Capital Management, a $1.3 billion Stamford, Conn.-based hedge fund firm that spun out of DKR Capital earlier this year, has hired Todd Trabold from Blue Ridge Capital to be its cfo.

  • Gartmore Preps Quant Fund

    August 20, 2004

    Gartmore Investment Management, which manages $4.6 billion in hedge fund assets, will launch a quantitative equity hedge fund to investors on Nov.1.

  • Key Hires Global CEO

    August 20, 2004

    Key Asset Management has hired Peter Dencik, adviser to the board of directors at Singer & Friedlander Investment Management in London, in the new role of group ceo.

  • Law Firm Offers Alternative To Registering Hedge Funds

    August 20, 2004

    Hedge funds should be exempt from Securities and Exchange Commission registration or examination if they supply more information about themselves among other things, according to an Aug. 16 comment letter from Bryan Cave, a Washington, D.C.-based law firm.

  • London Firm Readies European Mid-Cap Fund

    August 20, 2004

    London-based fund manager Sagitta Asset Management, which manages $1.5 billion in traditional and alternative investments, is preparing to launch a European long/short mid-cap hedge fund in September or October.

  • Lone Pine Analyst Departs

    August 20, 2004

    Allison Hughes, an analyst at billion-dollar hedge fund Lone Pine Capital in Greenwich, Conn., has left the firm.

  • Mitsubishi To Launch CTA Fund For Japanese Pensions

    August 20, 2004

    Mitsubishi Corp., in a joint effort with its affiliate Mitsubishi Trust, is prepping a fund that will invest in five-10 CTA managers, which will be sold exclusively to Japanese pension funds.

  • New Searches Table

    August 20, 2004

    The following directory includes search and hire activity for the week.

  • New York Firm Taps Two

    August 20, 2004

    New York money management firm John A. Levin & Co. has hired two officials to help with its Levco Alternative Fund.

  • Ontario School Seeks Hedge Funds

    August 20, 2004

    The C$4 billion Colleges of Applied Arts & Technologies Pension Plan is planning to invest C$350 million in hedge funds.

  • Pa. Fund Of Funds Nabs JPMorgan Official

    August 20, 2004

    Attalus Capital, a Bala Cynwyd, Pa.-based fund of funds firm, has tapped Tom Hunter from JPMorgan as its controller.

  • Potential Searches Table

    August 20, 2004

    The following directory includes search and hire activity for the week.

  • SEC Extension To Hedge Fund Comment Period 'Highly Unlikely'

    August 20, 2004

    The Securities and Exchange Commission is not likely to extend the comment period for its proposed rule on hedge fund adviser registration, according to a SEC insider.

  • Soros To Host Bush-Ousting Cocktail Party

    August 20, 2004

    Billionaire hedge fund king George Soros will host a cocktail party at his home to raise money for America Coming Together (ACT), the liberal political organization with the expressed goal of getting people to vote against President George W. Bush.

  • U.K. Fund Of Funds Hires Marketer

    August 20, 2004

    Eddington Capital Management, a one-year-old London-based hedge fund of funds manager, has hired its first marketing director.

  • U.K. Pensions Warm To Hedge Funds

    August 20, 2004

    Pension funds in the U.K. are starting to warm up to the idea of investing in hedge funds.

  • Updated Searches Table

    August 20, 2004

    The following directory includes search and hire activity for the week.

  • Vega To Target Smaller Investors

    August 20, 2004

    Hedge fund behemoth Vega Asset Management is preparing two new hedge fund initiatives that will target smaller investors for the first time.


 

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