Stories

  • 3i Adds Two Non-Executive Directors

    September 10, 2004

    Private equity firm 3i has added Sir Robert Smith and Peter Mihatsch as non-executive directors to the board, according to PrivateEquityOnline.

  • Caltius Mezzanine Hires New Staff To Handle Fund

    September 10, 2004

    Caltius Mezzanine has hired Christopher Hebble as principal and Rick Stuart as senior associate to help manage the $300 million Caltius Partners III and the recently closed Caltius Partners Executive III, AltAssets reports.

  • CSFB Nabs Focus Investment Senior Arbitrage Pro

    September 10, 2004

    Credit Suisse First Boston's fund of funds unit has tapped Norman Kiliarjian from Focus Investment Group as director of equity arbitrage.

  • Dexion, ABN To Launch Third Fund of Funds

    September 10, 2004

    Following two earlier offerings, Dexion Capital and ABN AMRO have once again joined to launch in late November a third London-listed fund of hedge funds.

  • Hedge Funds Inch Back In August, Still Up For The Year

    September 10, 2004

    After being off 0.9% in July, hedge funds inched back up 0.2% in August, leaving the funds in positive ground, 1.5%, for the first eight months of 2004, according to a preliminary report released by Van Hedge Fund Advisors International.

  • Japanese Bank Units Join To Launch Fund

    September 10, 2004

    Mizuho Securities and DLIBJ Asset Management plan to launch late this year a JPY30 billion private equity fund aimed at Japanese institutional investors, according to AltAssets.

  • Norwest Closes Private Equity Fund With $800 Million

    September 10, 2004

    Norwest Equity Partners has closed its eighth private equity fund with $800 million in commitments.

  • Silver At The Center Of Thunder's New Hedge Fund

    September 10, 2004

    Silver is the focus of Thunder Capital Management's new hedge fund, which launched Sept. 1.

  • Abria Issues Series 4 Alternative Strategies Notes

    September 09, 2004

    The Abria Financial Group has issued The Abria Alternative Strategies Notes, Series 4, offering a 100% principal-guarantee.

  • CalPERS Sued Over Undisclosed Manager Fees

    September 09, 2004

    The California Public Employees' Retirement System (CalPERS) has been sued for not disclosing certain fees it pays to venture capital and hedge fund managers, according to Reuters.

  • Castanea Partners Closes Fund

    September 09, 2004

    Castanea Partners has raised $207 million for its latest fund, Castanea Partners Fund II.

  • Quaker BioVentures Raises $280 Million For Debut Fund

    September 09, 2004

    Quaker BioVentures has closed its debut fund after raising $280 million—about $80 million over its target, according to AltAssets.

  • The Ins and Outs of Hedge Funds Hurt Industry

    September 09, 2004

    Michael Goldman, founder of Momentum, says the constant movement of money in and out of hedge funds is hurting the industry, Investment & Pensions Europe reports.

  • Van Global To Help Offer Canadians Alternatives

    September 09, 2004

    Van Hedge Fund Advisors International and Canada-based Tactic Series Funds have agreed to work together to offer alternative investment products to Canadian investors. The first product is expected to be rolled out later this month.

  • VC Activity In Europe Highest Since 2002

    September 09, 2004

    Venture capital activity in Europe soared in the second quarter of 2004 to EUR967.3 million--the highest since 2002, according to Ernst & Young and VentureOne.

  • EBS Mulling Fund Managers Access To Spot FX Market

    September 08, 2004

    EBS has announced that starting in December it will enter a research and development phase for a product to give non-bank trading professionals access to the spot FX system for U.S. and U.K. funds.

  • French Insurers To Invest More In Private Equity

    September 08, 2004

    France's private insurance company association, Fédération Francais des Sociétés d'Assurance, has agreed to invest another EUR6 billion of life insurance savings in private equity through 2007, according to AltAssets.

  • Schroder To Offer Alternatives In Multi-Manager Product

    September 08, 2004

    Schroder Investment Management says it will offer alternative investments in one of its new multi-manager products, Reuters reports.

  • White & Case Forms Hedge Advisory Group In Asia

    September 08, 2004

    With the number of hedge funds in Asia nearly tripling in the past two years, the law firm of White & Case has formed the Asia Investment and Hedge Fund Support Group.

  • Zenit Retains GAIM As Investment Adviser

    September 08, 2004

    Zenit Alternative Investment SGR, an Italian alternative investment management company, has named GAIM Advisors as adviser to the Zenit Hunter Fund.

  • Hamilton Lane Reportedly Interested In Citco Unit

    September 07, 2004

    Private equity firm Hamilton Lane reportedly is interested in buying the fund of funds business of Citco--Citco Fund Advisors and Richcourt Fund Advisors--according to Mar/hedge.

  • Single-Stock Futures Exchange To Suspend Trading

    September 07, 2004

    After vying for the single-stock futures market with OneChicago, NQLX has announced it will suspend trading of all securities futures products on Dec. 17.

  • "We're kind of like surfers. We measure the waves of the market and wait for our wave. We'll ride our wave as long as possible then get off and wait for our next wave"

    September 03, 2004

    Stephen Mage, portfolio manager and founder of Florida-based 4X Capital Management, on his company's strategy that aims to identify and capture a selection of market swings with trends or counter-trends.

  • Austin Police Investigating Alts

    September 03, 2004

    The $310 million City of Austin (Texas) Police Retirement System is continuing its alternative investments education and will conduct informational interviews at its Sept. 15 meeting.

  • Barclays Unit Unveils First Retail Product On FTSE Hedge Index

    September 03, 2004

    U.K.-based Woolwich Plan Managers, part of the Barclays Group, has launched the first retail structured investment plan linked to the FTSE Group's hedge fund index.

  • BGI Seeks To Boost Quant Research Platform

    September 03, 2004

    Barclays Global Investors is building up its quantitative research capacities by hiring industry professionals and academics as an effort to retain its intellectual edge in the increasingly competitive quantitative investment strategies marketplace.

  • BlackRock Builds HNW Unit

    September 03, 2004

    Hedge fund/fixed-income behemoth BlackRock has begun to build out its Wealth Management Group (WMG) beyond its New York base. Separately, it is planning to launch a corporate credit-oriented fixed-income hedge fund in September.

  • Boston Fund Ups Alts Stake

    September 03, 2004

    The $650 million Boston Foundation is planning to increase its target allocation to hedge fund and absolute return strategies to 7% from 4%. CFO Jim Pitts said investments in timber also are likely.

  • Cardinal Hires Fund of Funds Heads

    September 03, 2004

    Cardinal Asset Management, the London and Dublin-based alternative investment firm which is 15% owned by ISIS Asset Management, has hired Paul Boulton and Chris Peel to head up its global fund of hedge funds business.

  • CFTC Files $10M Actions Against Illinois Hedge Fund

    September 03, 2004

    The Commodity Futures Trading Commission has charged Charles Harris and his Illinois-based hedge fund, Tradewinds International, with defrauding investors by misrepresenting the value of the commodity pool they operated, issuing fraudulent statements to investors and misappropriating investor funds that Harris allegedly used for personal and business purposes.

  • Completed Searches Table

    September 03, 2004

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

  • Family Office CIO Joins California Consultant

    September 03, 2004

    Wilshire Associates has hired Daniel Johnedis from Waypoint Advisors, a Norfolk, Va., family office, where he was cio. He will be v.p. in charge of due diligence and manager selection, covering both traditional and hedge funds managers with a focus on fixed-income strategies.

  • Finnish Pension Provider To Eye Hedge Fund Increase

    September 03, 2004

    Varma, the largest private sector pension insurer in Finland, with EUR20.3 billion under management, is reviewing whether to increase its 1.5% exposure to hedge funds.

  • For The Second Week, Event Driven Index Leads The Way

    September 03, 2004

    For the second straight week, the Event Driven Index has posted the largest gain—0.56%--to lead the HFRX Indices, according to Hedgeweek.

  • Former Bear Stearns, Moore Pros To Launch Fund

    September 03, 2004

    Hudson Biscayne, a New York-based firm run by former Moore Capital Management and Bear Stearns honchos, is slated to launch a global macro hedge fund in November.

  • Former Glenview Partner Launches U.S. Equity Shop

    September 03, 2004

    Abe Bronchtein, formerly a partner at New York hedge fund shop Glenview Capital Management, has created AJB Capital Management, a New York-based long/short U.S. equities hedge fund firm.

  • Former HVB Manager To Unveil Own Fund

    September 03, 2004

    Stephen Mage, former senior portfolio manager and co-manager of a fund of hedge funds at HVB Group, plans to launch a global macro hedge fund by late October.

  • Gottex Builds Up Institutional Sales Effort

    September 03, 2004

    Gottex Fund Management, the Lausanne, Switzerland-based $3.4 billion fund of funds, is making an institutional push and has added two senior marketers--one in Boston and the other in London--to lead the effort.

  • Greenspan Says Hedge Fund Registration Won’t Help

    September 03, 2004

    Alan Greenspan, chairman of the Federal Reserve Bank, has been making a case against hedge-fund registration, saying it won't help to deter fraudulent activity.

  • Hermes Hires Hedge Fund Pro

    September 03, 2004

    Kathryn Graham, director at Progressive Alternative Investments in London, will join Hermes Pensions Management's hedge fund team in a couple of months' time as a fund manager, according to a source close to the move.

  • Hong Kong Start-Up Preps First Fund

    September 03, 2004

    Acru Asset Management, a new Hong Kong-based hedge fund firm, is readying its first fund for a mid-November launch. The fund will be Cayman-domiciled and will focus on long/short Greater China equities.

  • Ivy Launches Credit Focused Fund

    September 03, 2004

    Ivy Asset Management the billion-dollar Garden City, N.Y., fund of funds, has launched a credit-based fund of funds that is believed to be the first of its kind in the industry.

  • Japanese Firms Ready Hedge Funds

    September 03, 2004

    Two Japan-based start-up firms, Ottoman Capital and Alpha-Pacific Management, will both launch long/short Japanese equities vehicles in the coming months. Ottoman's fund will be event-driven, focusing on troubled companies.

  • Koreans Shun Commodity Funds

    September 03, 2004

    South Korean institutional and retail investors are not ready for commodity-linked funds, as evidenced by the failure of these products to take off.

  • LongChamp To Use Leverage

    September 03, 2004

    The LongChamp Group, originally set up to manage the family assets of Charles Feeney, founder of duty-free shopping empire DFS Group, is getting set to make its first foray into using leverage.

  • Martin Currie Closes Seventh Hedge Fund At $130M

    September 03, 2004

    Martin Currie has raised $130 million for its seventh hedge fund, The Martin Currie Daijiro Absolute Return Fund, according to Reuters.

  • Michigan Foundation Seeking Fund-of-Funds

    September 03, 2004

    The $175 million Community Foundation for Southeastern Michigan is seeking absolute return and hedge fund-of-funds managers for its maiden allocation to alternatives.

  • N.J. Firm Readies Debut Hedge Fund

    September 03, 2004

    DaVinci Investment Strategies, a Short Hills, N.J., firm run by two former co-heads of global convertible arbitrage strategies at Exis Capital Management, is expected to launch a multi-strategy hedge fund in October, according to a Goldman Sachs prime brokerage document obtained by AIN.

  • New Searches Table

    September 03, 2004

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

  • Nonprofit Hires Consultant For Alternatives Push

    September 03, 2004

    The $115 million Community Foundation of Greater Flint has hired Hammond Associates as its first full-retainer consultant to advise it on a move into alternative investing.

  • Northeastern Seeking Alternative Managers

    September 03, 2004

    Northeastern University has increased its endowment's allocation to alternative investments to 25% from 20%, and is seeking managers to handle the increase.

  • Oppenheimer To Build Private Equity Unit

    September 03, 2004

    Oppenheimer & Co. is investing in private equity using the firm's capital, and is weeks away from announcing its first deal. Rick White, brought in as managing director and head of the new private equity unit earlier this year, said Oppenheimer will eventually offer venture capital, buyout and real estate funds to its high-net-worth clients.

  • Philly To Bump Up Alts Allocation

    September 03, 2004

    The $4 billion City of Philadelphia Board of Pension & Retirement System has decided to increase both its hedge fund and private equity allocations in an effort to boost overall portfolio returns.

  • Potential Searches Table

    September 03, 2004

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

  • Putnam Builds Fund Management Biz In Europe

    September 03, 2004

    Stephen Cohen, managing director and head of European & South East Asia business at Putnam Investments in London, is transforming Putnam's London office into a fund management centre, from the sales and marketing bureau he joined two years ago.

  • Refco Preps Structured Note

    September 03, 2004

    Refco Alternative Investments, the alternatives arm of the $20 billion Refco Group, is developing a new structured note.

  • Single-Stock Futures Exchange To Suspend Trading

    September 03, 2004

    After vying for the single-stock futures market with OneChicago, NQLX has announced it will suspend trading of all securities futures products on Dec. 17.

  • SocGen Sub Readies New Fund of Funds

    September 03, 2004

    Société Générale Asset Management Alternative Investments (SGAM AI), a EUR 21 billion subsidiary of Société Générale Asset Management, is launching this week a new fund of funds wrapping together the subsidiary's internal hedge funds and its money market funds as part of an effort to strengthen SG as an alternative investment powerhouse.

  • Société Générale Takes Three Alternative Investment Awards

    September 03, 2004

    Société Générale has won three awards from Albourne Partners Limited for excellence in three categories: most reasonable leverage provider, best managed account platform, and best execution--futures.

  • Swiss Firm Preps First Single Hedge Fund

    September 03, 2004

    Geneva-based asset management firm Mignon Genève is planning to launch a European high-yield credit fund on Dec. 1.

  • Triumph Master Fund Is Three Times A Winner

    September 03, 2004

    Triumph Investment Master Fund, a multi strategy, alternative investment fund, has been ranked No.1 among the world's money managers by Nelson, The Barclay Group and its subsidiary Global Hedge Source Ltd.

  • Updated Searches Table

    September 03, 2004


 

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