Stories

  • Caltech Boost Hedge Fund Allocation

    October 01, 2004

    The California Institute of Technology has increased the hedge fund allocation in its $2 billion endowment from 15% to 25%, according to Financial News.

  • Hedge Funds Hit Euro Disney For EUR9 Million

    October 01, 2004

    A group of hedge funds led by Black Diamond holding 40% of senior debt issued by Euro Disney won a concession, Financial News reports.

  • Man To Buy Back Shares

    October 01, 2004

    Hedge fund titan Man Group Plc is conducting a share buy back program, according to Reuters.

  • Polygon Abandons British Energy Fight

    October 01, 2004

    Hedge fund firm Polygon Investment Partners has abandoned its efforts to improve rescue terms for shareholders, according to the Financial Times.

  • Prop Traders To Exit Goldman

    October 01, 2004

    Two of Goldman Sachs' highest paid proprietary traders are opting for an early retirement, Financial News reports.

  • ADF Launches EU Fund

    September 29, 2004

    American Diversified Fund has launched what is believed to be the first offering of its kind to offer “complete transparency feature for investors desiring hedge fund related performance.”

  • Alternative Investments Up To 60% To Fund Research

    September 29, 2004

    The California Institute of Technology has decided to increase its allocation of assets in alternative investments from 46% to 60% in an effort to generate revenue to fund research, Reuters reports.

  • Asia-Pacific Hedge Fund Assets More Than Double

    September 29, 2004

    For the first time, assets in hedge funds in the Asia-Pacific region have doubled from the year before, according to AsiaHedge. In the past 12 months, assets soared to $47 billion, compared with $22 billion from the year before, with China and Japan the driving forces.

  • Charity Puts 10% of Lotto Money In Hedge Funds

    September 29, 2004

    A new U.K.-based charity has decided to put 10% of its lottery grant into hedge funds, The Times of London reports.

  • Commerzbank Honcho To Launch Hedge Fund

    September 29, 2004

    Mehmet Dalman, the head of investment banking at Commerzbank, is leaving to launch his own hedge fund, according to Handelsblatt, which noted that Wolfgang Matis, currently the head of Deutsche Bank may replace Dalman.

  • CSFB Chief Looks To Asian Expansion

    September 29, 2004

    The new ceo of Credit Suisse First Boston (CSFB) says he is looking to expand the bank's presence in Asia with an aggressive campaign to market high-yield, private equity and securitization offerings, according to Financial Times.

  • Four Hurricanes Not Enough To Trigger Bond Losses

    September 29, 2004

    The four hurricanes that have battered the southeast U.S. are not enough to trigger losses for holders of catastrophe bonds, according to Investment News.

  • GAIM Advisors Launches Long/Short Fund

    September 29, 2004

    GAIM Advisors has launched a new principal-protected note issued by CDC IXIS Capital Markets and linked to the GAIM Long/Short Fund.

  • Hedge Funds Fuel Foreign Exchange Turnover

    September 29, 2004

    The rising number of hedge fund bets has fueled a 57% increase in foreign-exchange market turnover, according to a survey by the Bank for International Settlements (BIS).

  • HSBC Hires Global Head of Sales

    September 29, 2004

    Charles Robinson has joined HSBC Alternative Investments as the global head of sales and marketing.

  • Luxembourg’s Hedge Fund Industry Gets A Boost

    September 29, 2004

    Luxembourg has just given its hedge fund industry a shot in the arm by introducing regulations that make it a more competitive destination, according to HedgeWeek.

  • Man Group Offers Goods And Bad News

    September 29, 2004

    Man Group says funds under management were up in the last six months by $500 million and new clients pumped in $7 billion over the past six months, according to Reuters.

  • More Institutions Expected To Turn To Italian Hedge Funds

    September 29, 2004

    The number of institutions investing in hedge funds in Italy is likely to more than triple, according to Stefano Meloni, chairman of Hedge Invest, Reuters reports.

  • Pequot To Roll Out First Multi-Strat Fund

    September 29, 2004

    Pequot Capital Management plans to launch its first multi-strategy offering, the Pequot Diversified Fund, according to HedgeFund.Net.

  • Swedish Pension Fund Looking For PE Partner

    September 29, 2004

    Sweden's national pension fund is looking for a strategic partner to help advise it on private equity investment, according to AltAssets.

  • UMB Fund Services Taps Chief Operating Officer

    September 29, 2004

    UMB Fund Services has named Stephen Leonhardt to the newly created position of chief operating officer.

  • Western Tech Raises $500 Million For 11th Venture Debt Fund

    September 29, 2004

    Western Technology Investment has raised $500 million in commitments at the closing of its 11th venture debt fund, according to Alt Assets, thus bringing the firm's assets under management to more than $1 billion.

  • Close Finsbury Rolls Out Sub-Fund In Ireland

    September 27, 2004

    Close Finsbury Asset Management has rolled out MultiAsset Portfolio, the first sub-fund of Close Finsbury Managed Funds, an open-ended investment company (OEIC) domiciled in Dublin, according to Portfolio International.

  • Funds of Funds Fuelling 67% Of Hedge Fund Inflows

    September 27, 2004

    Funds of funds are responsible for about two-thirds of hedge inflows, according to a survey by Morgan Stanley, reported in Financial Times.

  • Irish Pension Fund To Shift 20% To PE, Real Estate

    September 27, 2004

    Ireland's National Pensions Reserve Fund (NPRF) plans to shift 20% of its EUR10.6 billion in assets under management to private equity and real estate, but for now is shelving plans to invest in hedge funds, according to AltAssets.

  • One-Third of Euro Pension Funds Invest In Alternatives

    September 27, 2004

    One-third of Continental European pension funds say they plan to pour money into alternative investments, such as hedge funds, emerging markets and private equity, according to a survey by JP Morgan Fleming Asset Management.

  • Providence Closes Fund at $4.25 Billion

    September 27, 2004

    Providence Equity Partners has raised $4.25 billion for its latest fund, but according to Financial Times, the fund, which specializes in media and communications investments, could have closed to nearly double that amount.

  • S3 Asset Management Taps Ex-Barclays Manager

    September 27, 2004

    Kevin Mirabile will become a partner with S3 Asset Management, a New York-based firm that provides outsourced portfolio financing services for hedge funds.

  • Treflie and Aspen Unite In Fund Merger

    September 27, 2004

    Treflie Capital Management and Aspen Capital Management have entered into an agreement whereby Treflie Absolute, a multi-strategy fund of hedge funds, will acquire all the assets of Aspen Grove Fund, an equity-oriented fund of hedge funds.

  • "[At the moment,] if I fall down the stairs, we have a problem"

    September 24, 2004

    Michael Hecht, fund manager of Copenhagen Fund Management, on the peril of running a one-man outfit.

  • ABN Amro Launches Low-Risk Fund of Funds

    September 24, 2004

    ABN Amro Asset Management has launched a global relative value fund of hedge funds.

  • Alexandra Beefs Up Risk, European Long/Short

    September 24, 2004

    Alexandra Investment Management has added a risk manager and a European long/short trader.

  • Andor Alumnus Launches Fund

    September 24, 2004

    David Felman, former manager of Andor Diversified Growth Fund, has formed a new hedge fund, Phinity Partners, according to HedgeCo.Net, citing news reports.

  • Cardinal Preps Fund, Snags Soros Honcho

    September 24, 2004

    Cardinal Asset Management, a London- and Dublin-based firm which is 15% owned by ISIS Asset Management, is developing a hedge fund that will feature a private equity capability.

  • Charlemagne Appoints Portfolio Managers

    September 24, 2004

    London-based Charlemagne Capital has hired two new portfolio managers and is seeking to expand its team further. The roles are newly-created and the pair has not yet joined.

  • Completed Searches Table

    September 24, 2004

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

  • Credit Start-Up Taps Merrill Quant Honcho

    September 24, 2004

    New York-based credit arbitrage start-up Panton Capital has nabbed Yongjai Shin, head of the global emerging markets research group at Merrill Lynch, to be head of quantitative research and analytics.

  • Danish Firm Seeks Marketing Partners

    September 24, 2004

    Danish firm Copenhagen Fund Management is looking to partner with one or two marketing firms.

  • Finnish Fund Hires Private Equity Managers, Looks For More

    September 24, 2004

    The €15 billion local government pensions institution in Helsinki, Kuntien Eläkevakuutus, has hired five single-strategy private equity managers for a €105 million portfolio and expects to appoint another three by year-end for a maximum of €75 million, funded from new contributions.

  • Former AEP Exec Readies Energy Fund

    September 24, 2004

    Lew Williams, formerly v.p. of energy trading at American Electric Power, is planning to launch a hedge fund next month.

  • Former Lipper Director Barred From Industry

    September 24, 2004

    The Securities and Exchange Commission has barred Edward Strafaci from the securities industry after he had pleaded guilty to violating federal securities laws.

  • Former Russell Research Honcho To Launch Fund

    September 24, 2004

    Brad Lawson, co-head of research for Russell Investment Group's fund of funds operation, has left to start his own hedge fund firm.

  • Fornelli Pans Greenspan On Hedge Fund Registration

    September 24, 2004

    Cynthia Fornelli, former deputy director of the Securities and Exchange Commission's Division of Investment Management, told a Sept. 14 hedge fund seminar in New York that while she fully agrees with "our fellow financial regulators" that hedge funds do play a vital role, hedge fund registration would not interfere with that role.

  • FRM Plans U.S. Push

    September 24, 2004

    London-based fund of funds giant Financial Risk Management is making its first concerted push into the U.S. market. FRM, which manages $12 billion, is developing a range of funds of funds for taxable and tax-exempt U.S. investors.

  • GAM To Reopen Funds

    September 24, 2004

    Hedge fund giant GAM, with over $34 billion under management, will reopen its four Composite Absolute Return funds of funds and its Diversity III multi-manager fund on Oct. 18.

  • Hedge Funds Tap Synthetic CDO Mart

    September 24, 2004

    Hedge funds are aggressively buying and selling synthetic collateralized debt obligation tranches, a trade known as correlation trading.

  • Illinois Hedge Fund Managers Ordered To Repay $3.3 Million

    September 24, 2004

    Judge David Bernthal of U.S. District Court for the Central District of Illinois has ordered two Illinois hedge fund managers to repay a total disgorgement of more than $3.3 million and another $450,000 in prejudgment interest and fines for their role in a scheme related to operating and selling investments in a hedge fund.

  • Illinois To Examine Hedge Funds Next Year

    September 24, 2004

    The $10.4 billion Illinois State Board of Investment has postponed to the first quarter of next year considering a 5% allocation to hedge funds.

  • ISDA Starts Hedge Fund Definition Effort

    September 24, 2004

    The International Swaps and Derivatives Association plans to draft a set of definitions for derivatives on hedge funds and mutual funds.

  • Japanese Hedge Fund Boasts 55% Return In First Year

    September 24, 2004

    A Japanese hedge fund launched only last December has already earned a 55% return for its clients, Bloomberg News reports.

  • Martin Currie Rebuilds Fund After Poor Performance

    September 24, 2004

    Edinburgh-based Martin Currie, which manages $1.1 billion in hedge fund assets, is rebuilding its long/short European equity fund after replacing the fund's manager, Mike Nicol, due to poor performance.

  • Mass. Retirement Plan Still Won't Bite On Hedge Funds

    September 24, 2004

    Massachusetts' $300 million Barnstable County Retirement System is still not ready for hedge funds.

  • MSCI Hedge Index Continues Downward Trend

    September 24, 2004

    The MSCI Hedge Fund Composite Index was off 0.12% last month, as there appears to be an increasing positive correlation of hedge funds with major equity markets.

  • Muirfield To Roll Out Fund

    September 24, 2004

    Muirfield Capital Management is launching a new leveraged offshore fund.

  • New Searches Table

    September 24, 2004

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

  • New York Firm Hires Former Dresdner Honcho

    September 24, 2004

    Peter Carril, former global head of emerging markets debt trading at Dresdner Kleinwort Wasserstein, has joined Nexstar Capital Partners as managing director and portfolio manager.

  • Pilgrim Unveils Leveraged Arb Strat

    September 24, 2004

    Pilgrim Foresight Management Company has launched its fourth strategy-specific hedge fund portfolio to be used in private placement insurance offerings.

  • Potential Searches Table

    September 24, 2004

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

  • Santander Offshoot Plans Major Expansion

    September 24, 2004

    Optimal Investment Services, the $4 billion hedge fund firm owned by Spanish banking giant Santander Group, will open offices in the U.K. and Japan next year.

  • Smaller Hedge Funds Eye Online Brokers

    September 24, 2004

    Smaller hedge funds are increasingly turning to online brokers to avoid the higher fees charged by prime brokers.

  • Third Point Adds Distressed Analyst

    September 24, 2004

    Third Point Management has hired Neel Devani as a senior distressed debt and special situation analyst.

  • Thomson Financial Forms U.K. Hedge Fund Group

    September 24, 2004

    With more than 100 hedge fund clients, Thomson Financial has hired Mark Jackson to head the newly formed sales group that will focus on attracting new clients to the publishing company's hedge fund oriented products.

  • Updated Searches Table

    September 24, 2004

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

  • Wharton To Launch First Fund of Funds

    September 24, 2004

    London-based Wharton Asset Management, with $4 billion, will launch its first fund of hedge funds this week.


 

Planning for a high-income year due to 457A income? Download this short paper to find out more about the opportunity to reduce tax liability and have significant charitable impact..

Click here for more details.


Latest Poll

Will a Trump presidency be good for hedge funds?

 - 33%
 - 67%

View previous results