Stories

  • Cardinal Taps Official From Soros Private Equity

    September 17, 2004

    Cardinal Asset Management has hired Andrew Switajewski from Soros Private Equity to run a hedge fund, according to Bloomberg.

  • Mack Takes Up Residence At Pequot

    September 17, 2004

    Former Credit Suisse Group honcho John Mack has been given some office space at hedge fund giant Pequot Capital, according to Reuters.

  • Thames River Taps Research Chief

    September 17, 2004

    London-based Thames River Capital has hired Marco Bianchi from Newman & Ragazzi to be its head of equity research, according to Financial News.

  • U.S. Hedge Fund Takes Stake In English Soccer Club

    September 17, 2004

    U.S. hedge fund Lonestar Partners filed a statement with the London Stock Exchange announcing that it owned a 10.9% stake in Millwall Holdings, according to Reuters.

  • Canada's Largest Private VC Fund Closes At $250 Million

    September 15, 2004

    Ventures West Management (VWM) has closed at $250 million what is reported to be the largest private venture capital fund ever raised in Canada.

  • Nicolas, Tuinhout To Join Greenpark

    September 15, 2004

    Christophe Nicolas has left buyout firm Permira to become an investment director at Greenpark Capital, according to Private Equity Online.

  • Northern Trust Names Private Equity VP

    September 15, 2004

    Northern Trust Global Advisors, an investment management subsidiary of Northern Trust, has named Heidi Levin as v.p. in the firm's Private Equity Group.

  • Soros CIO Leaves To Launch His Own Firm

    September 15, 2004

    Jacob Goldfield, the chief investment officer of Quantum Endowment Fund, the $8.3 billion flagship offering of Soros Fund Management (SFM), is leaving to launch his own firm, Bloomberg News reports.

  • Sovereign Capital Names Conboy As Director

    September 15, 2004

    Philip Conboy has joined Sovereign Capital, a U.K. lower mid-market private equity provider, as a director.

  • Tennenbaum Nets $2 Billion For Fourth Fund

    September 15, 2004

    Tennenbaum Capital Partners has closed its fourth fund with $2 billion in commitments.

  • Vega Bounces Back After Rough August

    September 15, 2004

    After suffering major losses in August, Vega Asset Management bounced back in the first week of September, recovering half of what it lost, according to Financial Times.

  • 2004: A Bad Year for Currency Hedge Funds

    September 14, 2004

    This year is turning out to be bad for currency hedge funds, according to Financial Times.

  • Actis Names New Chief Investment Officer

    September 14, 2004

    Actis, a U.K. emerging markets private equity firm, has named Alistair Mackintosh as its new chief investment officer, according to AltAssets.

  • Belgian Hedge Fund Unit Alpha Opens Office In Singapore

    September 14, 2004

    With Asian interest in hedge funds heating up, another fund firm has its sights on settling into the Far East.

  • Benchmark Raises $375 Million For Venture Capital Fund

    September 14, 2004

    Benchmark Capital has closed its Benchmark Europe II after obtaining $375 million in commitments for the venture capital fund, according to AltAssets.

  • C3 Rolls Out Fund

    September 14, 2004

    C3 Tech Innovations has launched a $10 million private equity fund that will invest in overlooked and underfunded technology companies.

  • FIM Names Healy Chief Operating Officer

    September 14, 2004

    Tom Healy will join FIM Ltd. as chief operating officer on Oct. 1, according to HedgeWorld.com.

  • Firms Looking To Sublet Space To Hedge Funds

    September 14, 2004

    Global FX Remote Group, a private day trading firm, is looking to sublet some of its new downtown Manhattan office space to traders or hedge funds.

  • Harmonic Becomes Part of R.J. O'Brien

    September 14, 2004

    R.J. O'Brien and Associates, a futures commission merchant, has acquired Harmonic Investment Management, an alternative investment product firm based in Memphis.

  • HSBC Offers Tremont-Linked Fund

    September 14, 2004

    HSBC Bank Canada has rolled out its Structured Alternative Investment Return Securities, Series C1 (STAIRS C1), with returns linked to a Tremont Partners-managed fund of hedge funds, according to CanadianHedgeWatch.

  • InterWest Partners Raises $600 Million

    September 14, 2004

    Venture capital firm InterWest Partners has closed its ninth fund, InterWest Partners IX, after raising $600 million.

  • J.P. Morgan Said To Spin-Off Bank One’s PE Unit

    September 14, 2004

    J.P. Morgan Chase reportedly will spin-off One Equity Partners, the private-equity unit of Bank One Corp., into a separate business, according to The Wall Street Journal.

  • Molenaar To Run Robeco Asset Management

    September 14, 2004

    In a restructuring of senior management, Niek Molenaar has been tapped to head Robeco Asset Management (RAM), according to Investment & Pensions Europe.

  • One In Three German Institutions Interested In Hedge Funds

    September 14, 2004

    Roughly one-third of German institutional investors are interested in hedge funds, according to a survey by Faros Consulting.

  • Partners Group Closes Dedicated Secondaries Fund

    September 14, 2004

    Partners Group has raised EUR500 million in commitments for its dedicated secondaries fund, Partners Group Secondary L.P., and has closed it, according to PrivateEquityOnline.

  • Refco Rolls Out Notes Linked To S&P Hedge Index

    September 14, 2004

    Refco Securities has launched Refco Diversified Alpha Notes – EUR I. The

  • Report: Borrowing By Hedge Funds Is Up

    September 14, 2004

    Borrowing from banks by hedge funds and other financial institutions was up 50% in the fist quarter of 2004 over the same period last year, according to the Australian Financial Review.

  • Thomson Financial Forms U.K. Hedge Fund Team

    September 14, 2004

    Thomson Financial has formed a new technology team dedicated to the U.K.'s hedge fund market.

  • Toshiba To Move 25% Of Pension Assets Into Alts

    September 14, 2004

    Toshiba Corp.'s pension fund will move about one-quarter of its total pension fund assets into alternative investments by the end of the company's fiscal year in March, according to Jiji Press.

  • U.K. Group Releases New Due Diligence Questionnaires

    September 14, 2004

    The Alternative Investment Management Association has updated it series of due diligence questionnaires to assist its membership in selecting hedge fund managers and other related entities.

  • BISYS, Rydex Press Ahead With Registered Fund Plans

    September 13, 2004

    BISYS will go to the National Securities Clearing Corp. this month with a proposal it says will make selling registered hedge funds easier through the retail channel.

  • NICSA Forming Committee On Hedge Funds

    September 13, 2004

    The National Investment Company Service Association is forming a committee on alternative investments, to help its members learn how hedge funds are operated, organized and serviced.

  • Vega Looks to Spread Its Wings

    September 13, 2004

    Vega Asset Management is planning to set up a London arm of its newly launched energy and commodity trading fund, Anglian Commodity Fund.

  • "I would doubt that hedge funds would be seen as an attractive entry point because a lot of money has been chasing these opportunities"

    September 10, 2004

    Steven Huber, cio of Maryland State Retirement & Pension System, on why the plan will not likely consider hedge funds any time soon.

  • ...Adds Analyst

    September 10, 2004

    Mayer & Hoffman Capital Advisors, a fund of funds formed in January by former Credit Suisse Asset Management fund of funds executive Matthew Hoffman, has added David Paulsson as a junior analyst.

  • ADI Taps Systeia Official For Sales Spot

    September 10, 2004

    French hedge fund manager ADI has hired Sophie Lenfant-Biache from Systeia Capital Management as a senior member of its sales team.

  • Anchorage Readying Two Funds

    September 10, 2004

    Anchorage Capital Group, a New York-based startup run by former Goldman Sachs bank debt honchos Kevin Ulrich and Tony Davis, is prepping two new funds for launch in October.

  • BAREP Creates Biz Development Slot

    September 10, 2004

    BAREP Asset Management, the E6.4 billion Paris-based alternative investment manager, has created a new position of head of business development and appointed Jean-François Valicon, formerly head of structured products, to fill the role.

  • Bigger Hedge Funds Are A Better Bet To Survive

    September 10, 2004

    Hedge funds that collect $100 million in assets within their first 12 months are more likely to stay in business than their smaller counterparts, according to Reuters.

  • British Firm Seeks Analyst

    September 10, 2004

    London-based hedge fund firm Ilex Asset Management is looking to make a research hire.

  • Circus Capital Names New Biz Development Director

    September 10, 2004

    Circus Capital has named Harvey Athwal as its new business development director.

  • Completed Searches Table

    September 10, 2004

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

  • EIB Eying Hedge Funds

    September 10, 2004

    The European Investment Bank, the financing institution of the European Union, is examining a possible first allocation into hedge funds.

  • EX-DIM Chief Challenges Legality Of Registering Advisors

    September 10, 2004

    New questions about the legality of forcing hedge fund advisors to register with the Securities and Exchange Commission have been raised by a former head of the SEC's Division of Investment Management.

  • Former Goldman Analyst Launches Fund

    September 10, 2004

    Alerian Capital Management, a hedge fund start-up launched by Gabriel Hammond, who covered the energy and power sector at Goldman Sachs, recently launched the MLP Total Returns Fund.

  • Freidheim's New Venture Takes Shape

    September 10, 2004

    Distressed debt honcho Steve Freidheim is wasting no time preparing his hedge fund firm following a planned spinoff from Och-Ziff Capital Management at the end of the year.

  • Fund of Fund Sales Head Leaves Gartmore

    September 10, 2004

    Stephen Attenborough, head of European institutional sales for funds of hedge funds at Gartmore Riverview in London, has left the firm.

  • Germany Creates Rules For Hedge Fund Investments By Insurers

    September 10, 2004

    Germany's regulator has adopted rules on how insurance companies can invest in hedge funds.

  • Golden State UFCW Plan To Examine Alts

    September 10, 2004

    The $3 billion UFCW Employers Benefit Plans of Northern California will embark on an alterative investment plan in the upcoming months as it concludes a radical 18-month restructuring of its pension plan, according to an industry executive familiar with the fund.

  • Gotham Fund of Funds Seeks Managers...

    September 10, 2004

    Mayer & Hoffman Capital Advisors, a $43 million New York-based fund of funds, is seeking eight managers for its Low Beta Strategy Allocation fund.

  • Hedge Fund Paired With Tax Strategy

    September 10, 2004

    Start-up Lattice Capital Management is packaging a strategy that limits the high tax ramifications and risk associated with hedge fund investing.

  • Hedge Fund Technology Supplement

    September 10, 2004

  • HFR To Launch Dual Fund Of Funds Strategy

    September 10, 2004

    Fund of funds giant HFR Europe will launch a new fund on Tuesday comprised of two separate portfolios.

  • Indiana Teachers Shies Away

    September 10, 2004

    The $6.6 billion Indiana State Teachers Retirement Fund will most likely steer clear of hedge funds for the time being mainly because of transparency issues with the asset class.

  • ING Hires Two Sales Execs For Europe

    September 10, 2004

    ING Financial Markets has named Glenn Coltart as U.K. head of sales and Simon Jeffries to lead sales trading in its western European equity group, Reuters reports.

  • Irish Groups Offer Guide To Good Hedge Fund Practice

    September 10, 2004

    The Alternative Investment Management Association and the Dublin Funds Industry Association have jointly issued their "Guide to Sound Practices For Hedge Fund Administrators."

  • Kokas Joins McCormack Advisors

    September 10, 2004

    California-based McCormack Advisors has named Ted Kokas as senior v.p. and senior analyst and a member of the hedge fund of funds manager's portfolio management team.

  • Korea Gives Green Light To Establish PE Funds

    September 10, 2004

    In a move to kindle interest in stocks, Korea's National Assembly has signed a bill that allows the establishment of private equity funds, the Korean Times reports.

  • London Firm Seeks Acquisitions, Launches Fund

    September 10, 2004

    U.K. firm Integrated Asset Management (IAM) is looking to acquire other funds of hedge funds.

  • Lyxor To Offer German Wrappers

    September 10, 2004

    French giant Lyxor Asset Management, which manages $20 billion in alternatives, is planning local wrappers for a variety of countries, including Germany.

  • Maryland Delays

    September 10, 2004

    The $30 billion Maryland State Retirement & Pension System recently decided to make a foray into private equity, but is unlikely to consider hedge funds anytime soon.

  • Mellon Rolls Out Absolute Return Strat

    September 10, 2004

    Mellon Capital has rolled out its newest absolute return strategy, Global Alpha II, and is drumming up interest among institutional clients and the consultant community.

  • New Hampshire Eyes Hedge Funds

    September 10, 2004

    The $4.5 billion New Hampshire Retirement System is considering adding one or more hedge fund of funds managers in the first quarter to handle up to $100 million.

  • New Jupiter Fund Soars To 24% Return

    September 10, 2004

    In its first year of operation, the Jupiter Ganymede Hedge Fund grew by 24%, with current net assets at around $30 million.

  • New Platinum Fund Uses Unique Strategy

    September 10, 2004

    Platinum Capital Management's new Platinum Premier Fund is employing a strategy that resembles the way fixed income market-makers trade in banks, according to Hedgeweek.

  • New Searches Table

    September 10, 2004

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

  • NYLIM Gets Serious Over Quant

    September 10, 2004

    New York Life Investment Management has combined three existing investment units to create the foundations of its first quantitative-oriented equity platform—to include both hedge funds and long-only strategies—a move that marks the firm's first concerted push into hedge funds.

  • Oak Hill Does Damage Control

    September 10, 2004

    Oak Hill Platinum Partners, an investment firm run by billionaire Robert Bass and his investment team, is doing some damage control following a recent court ruling involving the former partners of Long-Term Capital Management.

  • Pioneer Launches New Fund of Funds

    September 10, 2004

    Pioneer Alternative Investments, which manages around $3 billion in funds of funds, has launched a new vehicle that will target both retail and institutional investors.

  • Potential Searches Table

    September 10, 2004

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

  • PSAM Hires Risk Arbitrage Analyst

    September 10, 2004

    P. Schoenfeld Asset Management (PSAM), which manages around $700 million, has hired Koray Ozdemir as risk arbitrage analyst.

  • Renaissance Honcho Says More Filing Time Needed

    September 10, 2004

    Mark Silber, v.p. of Renaissance Technologies Corp., has told the Securities and Exchange Commission that the 120-day deadline for filing audited financial statements is not enough.

  • San Mateo Moves Them To Back Burner

    September 10, 2004

    The $1.4 billion San Mateo County Employees Retirement Association will not consider hedge funds, at least for another three or four years.

  • SEB Preps European Offering

    September 10, 2004

    SEB Invest is launching a hedge fund of funds that will be distributed in the Scandinavian countries, Germany, Poland and the Baltic States.

  • Service Employees Likely To Seek Hedge Fund of Funds

    September 10, 2004

    The $1.45 billion Service Employees International Union pension fund, based in Washington, D.C., is looking at hedge funds and could search for two or more hedge fund of funds managers in the next three-to-six-months.

  • Tax Papers May Spell Doom For Onshore U.K. Funds

    September 10, 2004

    The Inland Revenue, the U.K. tax authority, is mulling changes to the taxation of derivatives in investment funds.

  • Titanium To Close Commodities Fund

    September 10, 2004

    London-based hedge fund firm Titanium Capital will close its commodities fund to new investors on Oct. 1.

  • U.K. Firm Plans European Energy Fund

    September 10, 2004

    Millennium Asset Management, a London-based hedge fund firm with over $2.7 billion under management, is planning to launch a fund focused on Northern European energy markets, with a particular emphasis on Norway.

  • UBS Preps Novel Fund of Funds With Inflation Link

    September 10, 2004

    Structurers at UBS in London are looking to launch a fund of hedge funds product with an innovative inflation-linked payoff in the next three months.

  • Updated Searches Table

    September 10, 2004

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


 

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