Stories

  • BNP Paribas Hires Two For FX Sales Group In London

    October 07, 2004

    BNP Paribas hired two people to its foreign exchange institutional sales group in London, according to Reuters.

  • CSFB/Tremont Launches New Hedge Fund Sector Invest Indices

    October 07, 2004

    CSFB/Tremont Index announced that it has launched 10 new investable hedge fund indices, the CSFB/Tremont Sector Invest Indices, derived from the CSFB/Tremont Hedge Fund Index, an index with almost 400 constituent funds.

  • Ex-Prop Trader Rolls Out Managed Futures Fund

    October 07, 2004

    Jin Khang, a former proprietary trader at Kidder Peabody, Fuji Bank and Korea Exchange Bank, who retired in 1998, is prepping a new hedge fund that could reach $500 million, reports Financial News.

  • French Hedge Fund Market Grows

    October 07, 2004

    France's hedge fund industry has grown at a pace of 43% a year over the past two years in terms of assets under management, Financial News reports, citing a study by Astérias, a market research firm.

  • Hedge Fund Indices Attract $10 Billion During First Year

    October 07, 2004

    Total inflows to hedge fund investable indices reached more than $10 billion since several were launched a year ago, making them a highly competitive part of the $800 billion hedge fund industry, according to Financial Times.

  • JP Morgan Seeds Toronto High Yield Fund

    October 07, 2004

    Marret Asset Management, a Toronto-based high yield and specialty credit investment management firm, announced Wednesday that JP Morgan Incubator Strategies, a division of JP Morgan Partners, invested significant capital in its offshore hedge fund, Marret Fund, according to Bloomberg.

  • Battery Ventures Closes Seventh VC Fund

    October 06, 2004

    Battery Ventures has raised $450 million for its seventh venture capital fund, according to PrivateEquityOnline.

  • Canadian Investors Form Europe’s Largest Indy Mezz Fund

    October 06, 2004

    In what is believed to be the first fund of its kind, Teachers' Private Capital, the private equity arm of the Ontario Teachers' Pension Plan, and the Caisse de depot et placement du Quebec through its private equity unit have invested C$1.2 billion in the launch of Europe's largest independent mezzanine fund, Park Square Capital Partners LP.

  • Cornerstone Partners Taps Marketer

    October 06, 2004

    Cornerstone Partners has retained Hamersley Partners to help with its marketing needs, according to HedgeWorld.com.

  • Credit Suisse Alumni Launch Singapore Hedge Fund

    October 06, 2004

    Three former members of Credit Suisse Financial Services' private banking team plan to launch Libran Global Macro Fund before year's end, Finance Asia reports.

  • D.E. Shaw Names Senior Institutional Marketer

    October 06, 2004

    The D.E. Shaw Group has named Robert Bartkowiak senior v.p. to help direct the firm's four-year-old institutional asset management unit.

  • Ex-Commerzbank Head Launches Wealth Management Group

    October 06, 2004

    Mehmet Dalman, former head of investment banking at Commerzbank, and several of his former colleagues has formed WMG, a wealth management group, Portfolio International reports.

  • Gartmore To Launch Fund

    October 06, 2004

    Gartmore is looking to raise $500 million for a new hedge fund that will invest in a basket of Gartmore's own hedge funds, Financial Times reports.

  • Hedge Funds Heavy Into Sugar Futures

    October 06, 2004

    Hedge funds now represent about half of the open interests in sugar futures, according Jean-Michel Boehm, head of ABN Amro Futures' soft commodities unit.

  • Hedge Funds May Be Looking Up In Q4

    October 06, 2004

    HFR Europe is betting on history repeating itself as it predicts that hedge funds will pick up in the fourth quarter.

  • Key Asset Management Picks Another Ex-IO Exec

    October 06, 2004

    London-based Key Asset Management has named Chris Jones as its new chief investment officer, according to HedgeFund.net.

  • Man Group Seen As Takeover Target

    October 06, 2004

    After hitting a 17-month low in share price, Man Group stock was up 6% amid rumors that the hedge-fund giant was in takeover talks, according to The Guardian.

  • Opus Prime Launches Fund

    October 06, 2004

    Opus Prime Capital plans to launch its Op.1 Alpha Advance Global Futures Fund in October on Schneider Trading Associates' platform.

  • Pequot Expands Team

    October 06, 2004

    Pequot Capital Management has hired Michael Takata and Ramu Thiagarajan as the firm looks to expand its hedge fund business, Hedgeworld.Net reports.

  • Progressive Rolls Out First Hedge Fund

    October 06, 2004

    Progressive Alternative Investments, a unit of Progressive Asset Management, has launched Stockbridge Fund, a U.K. long/short, small/mid cap hedge fund.

  • Roston Joins Silver Creek

    October 06, 2004

    Marc Roston has joined fund of hedge funds manager Silver Creek SV as senior portfolio manager.

  • Schroder Rebrands SAIF Sub-Funds

    October 06, 2004

    In an effort to better align its fund of hedge funds offerings with other firm products, Schroder has rebranded all three “Blue” sub-funds of the Schroder Alternative Investment Funds (SAIF) range of fund of hedge funds.

  • Soros Hands Over Control To Sons

    October 06, 2004

    George Soros has named his sons Robert Soros and Jonathan Soros as co-deputy chairmen of Soros Fund Management, according to Bloomberg News.

  • U.K. Pension Fund To Invest 5% In Hedge Funds

    October 06, 2004

    U.K.'s Dorset County Pension Fund has decided to shift 5% of its GBP900 million in assets from equities to hedge funds, Investment & Pensions Europe reports.

  • VAN Market Sentiment Indicators Head South

    October 06, 2004

    For the first time since it was launched in March, the VAN Hedge Fund Advisors International's Macro Sentiment Indicators are bearish, with all indicators pointing south.

  • ABSA Rolls Out Diversified Hedge Fund

    October 04, 2004

    The Absa Group, one of South Africa's largest financial services organizations, is expected to roll out a diversified hedge fund this month, according to Hedge Fund Manager.

  • Asensio Plans To Launch Fund

    October 04, 2004

    Hedge fund adviser Manuel Asensio expects to launch a new short/long term fund in the spring for large pension and other institutional long-term investors, Reuters reports.

  • CSFB To Offer Five Hedge Funds

    October 04, 2004

    Credit Suisse First Boston Alternative Capital plans to offer five limited liability hedge funds, Hedgeco.Net reports.

  • F&C To Launch Retail Fund of Funds

    October 04, 2004

    F&C Management plans to launch a retail fund of hedge funds early next year, following its merger with ISIS Asset Management, according to Citywire.

  • Gottex Adds Staff To Handle Growth

    October 04, 2004

    Gottex Asset Management has expanded its staff by 10 to accommodate the fund of funds' growth, which has doubled its assets to more than $3 billion since the beginning of the year, according to Financial News.

  • IMF Calls For Better Hedge Fund Disclosure

    October 04, 2004

    The International Monetary Fund (IMF) has called on hedge funds to provide better disclosure about the workings of the industry.

  • Issuers To Entice Hedge Funds With Convertibles

    October 04, 2004

    Up to a dozen companies are planning to issue a combined $3-4 billion worth of convertible bonds in the next six months targeted specifically to hedge funds, according to an equity capital markets banker at a bulge bracket firm.

  • Kenmar Acquires Hedge Funds From Prudential

    October 04, 2004

    Kenmar has purchased 13 hedge funds from Prudential Securities, according to Financial News.

  • Kenner & Co. Prepares Next Fund

    October 04, 2004

    Kenner & Co. is preparing to raise $750 million for what will be its fourth fund.

  • Lawyers See Early 'Chilling Effect' From Impending Hedge Fund Rule

    October 04, 2004

    The Securities and Exchange Commission's proposed rule on hedge fund adviser registration is already having a "chilling effect" on the hedge fund industry, despite the fact that the rule has not yet been approved, according to lawyers.

  • Mass. Pension Fund Looking To Hire Hedge Fund Manager

    October 04, 2004

    Massachusetts' Pension Reserves Investment Management Board (PRIM) says it will meet tomorrow to decide on how much money to allocate to a small cap-manager and to hire a manager to invest in hedge funds, according to Reuters.

  • Montagu Newhall Hires Partner

    October 04, 2004

    Montagu Newhall Associates, an international fund of funds manager, has named Jim Lim as partner.

  • Morley Opens Fund To U.K. Investors

    October 04, 2004

    Morley Fund Management has opened its Alpha Optimum fund to U.K. investors for the first time, according to Hedge Fund Manager.

  • New Oregon Fund First Turning To Local Talent

    October 04, 2004

    The Oregon Investment Fund has developed a questionnaire to help it select new investment opportunities, with special attention to local talent, according to The Business Journal of Portland.

  • Pantheon Picks Up Most Of Swiss Life's PE Portfolio

    October 04, 2004

    Swiss Life (UK) is easing out of private equity investments by selling the majority of its portfolio to Pantheon Ventures, AltAssets reports.

  • S.A. Bank Lists Fund Of Hedge Funds On Irish Exchange

    October 04, 2004

    South African bank NIB Nedcor has listed a sterling-denominated fund of hedge funds on the Irish Stock Exchange, according to Financial News.

  • SEC Official Expects Changes To Hedge Fund Rule

    October 04, 2004

    The Securities and Exchange Commission's adopting release of the hedge fund adviser registration rule will differ from its current form, anticipated Robert Plaze, associate director in the Division of Investment Management.

  • Second City Capital Partners Closes Fund

    October 04, 2004

    Vancouver-based Second City Capital Partners has closed its debut private equity and mezzanine fund, Second City Capital Partners I, with aggregate capital commitments of $100 million.

  • Spain Gets First Hedge Fund Management Firm

    October 04, 2004

    NIBC Petercam Gestion has become Spain's first hedge fund management firm, according to Hedge Fund Manager.

  • Strategy Changes Needed To Help Hedge Funds Survive

    October 04, 2004

    Hedge funds need to change their investment strategy if they want to survive, according to a study by a JPMorgan analyst.

  • "Wilbur has put himself in the same company as Russian kleptocrats who put themselves in control of a company and give themselves favorable shares of company stocks,"

    October 01, 2004

    --Dan Loeb, managing member of Third Point Management, on Wilbur Ross' decision to collect a fee by receiving equity in a bankrupt coal company.

  • Bank Leu Expands Range

    October 01, 2004

    Bank Leu, the CHF28 billion Swiss private bank, is planning three new funds of hedge funds for the first half of 2005.

  • Canadian Pensions Examine Alternatives

    October 01, 2004

    Two Canadian pensions with combined assets of more than C$5 billion are examining alternatives for the first time.

  • Colorado Guns & Hoses Makes Overlay Play

    October 01, 2004

    The $2.5 billion Colorado Fire & Police Pension Association has tapped two hedge fund of funds managers as part of a portable alpha strategy.

  • Credit Pros Leave Clinton Group

    October 01, 2004

    Two senior fixed-income professionals, Robert Smalley, director of credit research, and Robert Wenzel, credit arbitrage portfolio manager, have left the Clinton Group in New York.

  • Ex-Alpha MD Launches Biz

    October 01, 2004

    John Seilern, ex-senior managing director at Alpha Investment Management, has set up a third-party agency business.

  • Forest Hires Compliance Chief

    October 01, 2004

    Forest Investment Management, a registered hedge fund adviser based in Greenwich, Conn., has hired Stephen Ellwood from MacKay Shields Financial Corp. as chief compliance officer.

  • Former Hypo Bank Duo Launches Fund

    October 01, 2004

    London firm Iyber Capital Management has launched a hedge fund focused on capital structure arbitrage.

  • Former Russell Official To Launch Fund

    October 01, 2004

    Scott Burrill, former head of trading strategies for Russell Investment Group, plans to launch a global market-neutral hedge fund Nov. 1.

  • Hedge Funds Attack Wilbur Ross

    October 01, 2004

    Two hedge funds that own some of the second lien debt for bankrupt coal mining concern Horizon Natural Resources are upset with legendary financier Wilbur Ross, chairman and ceo of W.L. Ross & Co. and head of the ad hoc creditors committee.

  • Hedge Funds Set To Benefit From Change In Investor Focus

    October 01, 2004

    An ideological shift in the approach to asset allocation taken by European pension fund providers will be good news for hedge funds, according to a survey by JPMorgan Fleming.

  • Lehman Explores Hedge Fund Index

    October 01, 2004

    Lehman Brothers is exploring the possibility of coming out with an index for hedge funds.

  • London Manager Considers Additional Funds of Funds

    October 01, 2004

    London-based Liongate Capital Management is considering developing a variety of new funds of funds.

  • Mammoth Healthcare Plan Mulls Hedge Fund Foray

    October 01, 2004

    Catholic Healthcare Partners, one of the largest not-for-profit health systems in the U.S., will consider making maiden allocations to hedge funds and private equity over the next two years.

  • Man Hits Delay With German Fund of Funds

    October 01, 2004

    Man Investments, the hedge fund giant with $39.5 billion under management, is the latest firm to hit a snag launching a German fund of funds.

  • Marathon Adds Managing Director

    October 01, 2004

    Marathon Capital Growth Partners has hired Jeffrey Schmidt, a former derivatives market specialist at Bloomberg LP, as managing director.

  • Mellon Seeks Analyst

    October 01, 2004

    Mellon Global Alternative Investments is looking to hire an additional analyst in anticipation that its fund of funds business will grow.

  • Nevada Firm Launches First Funds

    October 01, 2004

    Dekker Capital Management has launched its first two hedge funds.

  • Potential Searches Table

    October 01, 2004

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

  • Schonfeld Seeks Traders

    October 01, 2004

    Schonfeld Group, a proprietary and sell-side trading firm, is actively looking for new traders for its Institutional Brokerage Services (IBS) unit.

  • Skandia Liv

    October 01, 2004

    Swedish insurer Skandia Liv plans to appoint three funds of funds managers in late October.

  • Thames River Hires Head of Quant Research

    October 01, 2004

    Marco Bianchi joined Thames River Capital last month as head of European quantitative research in London.

  • Treflie Acquires Aspen Grove Fund

    October 01, 2004

    Treflie Capital Management has acquired an equity oriented fund of funds from Aspen Grove Capital Management.

  • Tremont Hires Analyst

    October 01, 2004

    Edoardo Rulli joined Tremont Capital Management from hedge fund firm Rasini as an investment analyst.

  • Tremont Readies Japanese, Emerging Market Funds

    October 01, 2004

    Fund of funds titan Tremont Capital Management is planning to launch a Japan long/short equity fund and an emerging market fund.

  • Updated Searches Table

    October 01, 2004

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

  • Vega Brass Backpedal After Marketer's Email

    October 01, 2004

    Vega Asset Management made what appeared to be an attempt last week to respond to market rumors surrounding its Vega Relative Value Fund, but the effort may have only raised more questions.

  • Vermont Fund Shelves Hedge Funds

    October 01, 2004

    The $92 million Burlington (Vt.) Employees Retirement System has decided to put its alternative investment plans on ice.

  • Ziff Brothers Analyst Rolls Out Tiger Umbrella Fund

    October 01, 2004

    Jonathan Auerbach, a former senior analyst at Ziff Brothers Investments, recently joined famed hedge fund firm Tiger Management and is the managing partner of a new umbrella fund.

  • JANA Letter

    September 28, 2004

  • Ross Letter

    September 28, 2004


 

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