Stories

  • Belgian Pension Fund Mulling Hedge Fund Allocation

    November 04, 2004

    The VKG Belgian Pension Fund is considering an allocation of 3-5% to hedge funds, according to HedgeCo.Net.

  • Caxton To Roll Out Long-Only Fund

    November 04, 2004

    Hedge fund giant Caxton Associates says it plans to launch a long-only fund—but not because it expects the stock market to rally before the end of the year, according to Bloomberg News.

  • Commodities Heat Up, As Convertibles Cool

    November 04, 2004

    Hedge fund investors are showing greater interest in commodities and managed futures than in the traditional convertible arbitrage strategies, according to a survey by Tara Capital.

  • DB Advisors May Face Overhaul

    November 04, 2004

    DB Advisors, the internal hedge fund unit of Deutsche Bank, is being blamed for lost profits during the past two quarters, and may be in for major changes, according to Reuters.

  • GLG Launches First Asian-Dedicated Fund

    November 04, 2004

    U.K. powerhouse GLG Partners has rolled out its first fund dedicated to Asian investments.

  • SEC Charges Hedge Fund Official With Securities Fraud

    November 04, 2004

    The Securities and Exchange Commission has charged Treyton Thomas with violating federal securities laws by creating a false impression about himself and his hedge fund firm as part of a scheme to manipulate the securities of a Canadian software company.

  • VC Firm Enters Emerging Market With $150M Fund

    November 04, 2004

    ATA Ventures has entered the investment market with the formation of ATA Ventures I, a new equity fund capitalized with $150 million.

  • Westpac Bank Launches New Bluewater Hedge Fund

    November 04, 2004

    Westpac Bank has launched a new hedge fund through its Bluewater Funds Management unit, the Australian Financial Review reports.

  • CSFB, Macquarie Alumni To Launch Asian Hedge Fund

    November 03, 2004

    Neil Harvey, the former head of Credit Suisse First Boston's Asian investment banking group, has joined with three former Macquarie staffers to form Bennelong Asset Management, Finance Asia reports.

  • Dresdner Forex Head Leaves To Launch Hedge Fund

    November 03, 2004

    Jorge Villion, global foreign-exchange head at Dresdner Kleinwort Wasserstein, is leaving to form his own hedge fund management venture, Dow Jones Newswires reports.

  • Hedge Fund Assets Top $1 Trillion

    November 03, 2004

    For the first time, single-manager hedge fund assets under management have topped $1 trillion, a figure well above industry estimates of $800-900 million, according to the semiannual survey by Hedge Fund Manager magazine.

  • Polish Firm Launches P.E. Fund

    November 03, 2004

    Copernicus Capital, a Polish fund management company, has announced plans to launch its first private equity fund that will focus exclusively on managers that invest in Central and Eastern Europe, AltAssets reports.

  • Schroders Hires Two Research Analysts For Hedge Group

    November 03, 2004

    Schroder Investment Management has added two research analysts to its fund of hedge funds business with the appointment of Naveed Chaudhry and Jean-Pierre du Plessis.

  • Scotia Prime Brokerage Snags New Sales Head

    November 03, 2004

    Scotia Prime Brokerage has named Patrick Blessing as head of sales and marketing.

  • Banyan Partners Opt To Close Shop

    November 02, 2004

    The co-founders of Banyan Fund Management have decided to go their separate ways, and plan to shut their $200 million hedge fund by the end of the year, MAR/Hedge reports.

  • KKR Names Huth To Head Its European Business

    November 02, 2004

    Kohlberg Kravis Roberts & Co. has named Johannes Huth to succeed Ned Gilhuly as head of the firm's European business, according to AltAssets.

  • London Asia, GEM Form China P.E. Fund

    November 02, 2004

    London Asia, the investment bank that focuses on China, has joined with New York-based Global Emerging Markets to launch a $200 million private equity fund.

  • Pirate Capital Names New Co-Director Of Sales/Marketing

    November 02, 2004

    Norwalk, Conn.-based Pirate Capital has named John Crawley as a co-director of the firm's sales and marketing group, where he will work with current director Andrew Stotland.

  • RMF Hedge Ventures Sponsors Fund

    November 02, 2004

    RMF Hedge Fund Ventures, a unit of RMF Investment Management, has entered into an agreement to provide seed capital to the Azura Asia Opportunity Fund.

  • Bain Capital Ventures Raises $250 Mln For Second Fund

    November 01, 2004

    Bain Capital Ventures has closed its second fund with $250 million, according to PrivateEquityOnline.

  • BearingPoint Debuts Hedge Fund Service

    November 01, 2004

    BearingPoint Inc. has unveiled a new service for institutional investors in hedge funds due diligence and valuation services, timed to coincide with the passage of the Securities and Exchange Commission's hedge-fund registration rule.

  • Brittanic Rolls Out First Hedge Fund

    November 01, 2004

    Britannic Asset Management has launched its first hedge fund, Britannic World Markets Fund.

  • Despite Losses, Quadriga Keeps Faith In Its Strategies

    November 01, 2004

    Things may be looking down at Quadriga Group, but the firm is still upbeat about its strategies.

  • Hedge Funds Could Benefit From European Rule Changes

    November 01, 2004

    Hedge funds could be big winners when the new International Financial Reporting Standards go into effect in Europe Jan. 1, Wall Street Journal Interactive reports.

  • Hedge Funds Drive Drax Higher

    November 01, 2004

    Hedge funds are bidding up Drax's debt, betting on movements in the darkspread--the spread between energy prices and coal-fired generation costs.

  • Huron Raises $90M For P.E. Fund

    November 01, 2004

    Detroit-based Huron Capital has raised $90 million in commitments at the first closing of its second private equity fund.

  • Northgate Capital Open London Office, Names New Head

    November 01, 2004

    Northgate Capital has opened a new office in London and hired Hosein Khajeh-Hosseiny to manage it, according to PrivateEquityOnline.

  • Pantheon Ventures Acquires U.S. Buyout-Focused Portfolio

    November 01, 2004

    Pantheon Ventures, a fund of funds firm based in the U.K., has acquired a buyout portfolio that consists of 20 private equity funds with about 90% focusing on U.S. interests, PrivateEquityOnline reports.

  • Roye: Six Ways Hedge Fund Rules Will Help SEC

    November 01, 2004

    Paul Roye, director of the Division of Investment Management of the Securities and Exchange Commission, says the newly passed hedge fund registration rule helps the SEC in six ways.

  • Soros Spin-Off Part Of Trio Investing In Trump Project

    November 01, 2004

    Grove Capital, recently spun off by George Soros' Soros Fund Management, is one of three hedge fund shops reportedly investing in a new $160 million skyscraper being built by Donald Trump, the Chicago Tribune reports.

  • U.K. Boutique Eyes FTSE Hedge Fund Note

    November 01, 2004

    Pinder, Fry & Benjamin, a U.K. investment products boutique, is structuring a fund-wrapped product based on a FTSE hedge fund index.

  • Why Currency Analysts Are Heading For Hedge Funds

    November 01, 2004

    It seems currency analysts are not satisfied working for banks, as a growing number of them are moving to hedge funds, or opening their own shops to advise hedge funds, Reuters reports.

  • "Do you really want to be a mutual fund at a time at when the SEC is attacking the mutual fund industry?"

    October 29, 2004

    --Scott Kimball, founder of AquaCapital, on why some managers may not be in a hurry to roll out registered funds.

  • Arden Adds Analyst

    October 29, 2004

    Arden Asset Management has hired Craig Krawiec as research associate to focus on due diligence.

  • Balyasny Taps Ex-SAC Risk Chief

    October 29, 2004

    Barry Schachter, formerly managing director of risk management at SAC Capital Advisors, has joined Balyasny Asset Management, the Chicago-based hedge fund founded by Schonfeld Securities trader Dmitry Balyasny.

  • Cadbury To Consider Hedge Funds

    October 29, 2004

    Cadbury Schweppes may make its first investments in hedge funds next year for its £1.3 billion pension fund.

  • Canadian Power Company Taps Consultant For Hedge Fund Foray

    October 29, 2004

    Hydro One's C$4 billion pension plan has hired Aon Corporation to assist with its maiden allocation to hedge funds.

  • Citi Fund Of Funds Head Resigns

    October 29, 2004

    Clifford DeSouza, senior investment officer of Citigroup Alternative Investments' fund of hedge funds team, has stepped down.

  • Citi Hires Dutch Buy-Sider

    October 29, 2004

    Citigroup Alternative Investments' credit structures division in London has hired Erik-Jan van Bergen, head of asset-backed securities at ING Investment Management in The Hague.

  • Close Blazes Path In Hedge Fund Race

    October 29, 2004

    Close Fund Management has raised £70 million through a novel capital-protected fund of hedge funds product.

  • Commission Makes Last Minute Gesture To Extend Olive Branch

    October 29, 2004

    Six days before last Tuesday's Securities and Exchange Commission vote to register hedge funds, Commissioner Roel Campos called a meeting to offer the industry several ways to avoid or at least delay registering under the Investment Advisors Act.

  • Completed Searches Table

    October 29, 2004

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

  • French Pension Fund Pans On Private Equity

    October 29, 2004

    The €5.5 billion Caisse Autonome Nationale de Compensation des Assurances de Vieillesse des Artisans, a French private organization that manages public retirement funds for craftsmen, will not invest in private equity beyond its current 0.1% allocation.

  • FRM Hires Risk Manager, Japanese Analyst

    October 29, 2004

    London-based fund of funds giant Financial Risk Management has made two new hires to replace Chris White, formerly senior v.p., portfolio and risk management, who left the firm in August.

  • Gotham Fund Nabs Lehman Official

    October 29, 2004

    Zinc Capital Management, a New York-based long/short shop, has hired Ray Jahaly from Lehman Brothers to be its chief operating officer.

  • HFR Opens London HQ, Seeks To Expand Team

    October 29, 2004

    HFR Asset Management (Europe), the fund of funds that manages over $3 billion, opens its first London office today.

  • HSBC Maps Out Growth Of Euro Long/Short Fund

    October 29, 2004

    As part of a wider marketing initiative, HSBC Alternative Investments Limited, the hedge fund arm of the private bank, is looking to ramp up the assets of its $70 million Continental European Alpha Fund in the coming months.

  • Investcorp Makes U.S. Push

    October 29, 2004

    Investcorp Asset Management, which manages $3.2 billion in fund of hedge funds assets, is looking to establish a bigger presence in the U.S.

  • Julius Baer Nabs Analyst From Reservoir

    October 29, 2004

    Julius Baer Investment Management has added Matt Auriemma from hedge fund firm Reservoir Capital Group as a qualitative analyst for its $1.8 billion fund of funds unit.

  • Kingdon Hikes Investment Minimum

    October 29, 2004

    Kingdon Capital Management is raising the bar for entry into its funds in an effort to attract more large institutional investors.

  • Kingdon To Hire Counsel To Help With New SEC Regs

    October 29, 2004

    Kingdon Capital Management, the $3 billion firm run by well-known manager Mark Kingdon, is looking to hire its first in-house counsel and is currently interviewing candidates.

  • New Searches Table

    October 29, 2004

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

  • Potential Searches Table

    October 29, 2004

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

  • Prime Brokerage Growth May Face Hurdles

    October 29, 2004

    Prime brokers are currently enjoying a period of strong revenue growth, but need to get a handle on their competition and expenses, according to a recent study by Celent Communications.

  • Rotary Eyes Hedge Funds

    October 29, 2004

    Rotary International will consider a maiden allocation to hedge funds of funds for the $580 million held in its foundation and endowment funds.

  • Ruling May Spur More Registered Funds

    October 29, 2004

    More hedge fund managers may now opt to offer registered open- and closed-end funds now that the Securities and Exchange Commission has adopted a rule requiring them to register as investment advisers.

  • Singapore Platform Adds Funds

    October 29, 2004

    iFast, the B2B fund distribution platform in Singapore, is adding hedge funds to help its independent financial advisor clients service their high-net-worth clients better.

  • Updated Searches Table

    October 29, 2004

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


 

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