Stories

  • SEC To Enhance Hedge Fund Exam Program

    December 03, 2004

    The Securities and Exchange Commission is studying ways to enhance its examination program in preparation for newly-registered hedge funds, according to Jamey Basham, SEC special counsel in the Office of Investment Adviser Regulation.

  • AXA Closes Secondary Fund

    December 02, 2004

    AXA Private Equity has closed its third-generation secondary fund of funds, AXA Private Equity Fund of Funds III, at $1.04 billion, exceeding by $200 million its original $800 million target.

  • More Hedge Funds Turn To Private Equity

    December 02, 2004

    Cash-rich hedge funds are taking a closer look at private equity investments as the number of good trading opportunities continue to decline, according to HedgeCo.Net, citing a recent Reuters report.

  • Pequot Takes A Step Toward WC Acquisition

    December 02, 2004

    As part of its expansion plans, Pequot Capital Management reportedly is one step closer to completing its acquisition of WC Capital Management, according to Hedgefund.Net, citing a letter to investors from Pequot chairman Art Samberg.

  • Refco Names Head of Euro Sales

    December 02, 2004

    Refco Alternative Investments has named Jan de Smedt as its head of European sales.

  • Sussman Sounds Alarm Over Leverage

    December 02, 2004

    Excessive borrowed money is posing major risks to the hedge fund industry, according to Donald Sussman, chairman and founder of Paloma Partners Management Co.

  • CalSTRS Eyes Hedge Funds

    December 01, 2004

    At the recommendation of its it staff and investment consultant, the California State Teachers' Retirement System (CalSTRS) may consider placing some of its $119 billion in assets in hedge funds as a way of enhancing returns, Hedgeworld reports.

  • Hedge Fund Investments in Japan Jump 17%

    December 01, 2004

    Worldwide hedge fund investment in Japan rose 17% since the end of last year, according Asia Pulse, citing figures from Daiwa Securities America.

  • Ivy Asset Management Climbs Into Asian Mart

    December 01, 2004

    To capitalize on the 80% annual growth of hedge funds in Asia, the fund of funds firm Ivy Asset Management has opened an office in Tokyo.

  • Japan Gov't Pension Fund Mulls Hedge Funds

    December 01, 2004

    Japan's Government Pension Investment Fund (GPIF) says that some time before the fiscal year ending March 2005, it may begin investing in hedge funds as a way of boosting returns, Dow Jones Newswires reports.

  • Name Change For Calif. Hedge Manager

    December 01, 2004

    McCormack Advisors has changed its name to Santa Barbara Alpha Strategies, effective Dec. 1.

  • New Zealand Fund Gets OK To Invest In Hedge Funds

    December 01, 2004

    The New Zealand government has given the country's superannuation fund the green light to allocate assets to alternative investments, including hedge funds, according to the Dominion Post.

  • Putnam Lovell Expands Staff

    December 01, 2004

    Putnam Lovell NBF Securities has named Avtar Vasu as v.p. responsible for quantitative analysis, risk management of existing hedge fund managers and evaluation of new managers.

  • Renaissance Raises $50M For Gazprom Fund

    December 01, 2004

    Russian investment bank Renaissance Capital has sold to foreign investors $50 million in shares of RenGaz Holdings Limited Series 2, a fund that bets on the Russian shares of OAO Gazprom, the world's largest gas-producing company.

  • Sununu Slams Hedge Fund Registration

    December 01, 2004

    Sen. John Sununu (R-N.H.) has come out against hedge fund registration, saying there is no evidence that registration would protect investors any better than without it.

  • T. Rowe Price To Skip Hedge Funds For Now

    December 01, 2004

    T. Rowe Price Group says it won't be entering the hedge fund business any time soon as alternative investments conflict greatly with the traditional mutual funds it offers, Reuters reports.

  • Three Tilney Funds Get S&P Ratings

    December 01, 2004

    Three funds of funds managed by the Tilney Group have received Standard & Poor's Fund Management Ratings.

  • Tidewater Rolls Out Real Estate-Linked Fund

    December 01, 2004

    Tidewater Capital Management has launched a hedge fund that will invest in secured real estate transactions.

  • Babson Names Alternative Product Manager

    November 30, 2004

    Babson Capital Management has appointed Edward Kung as alternatives product manager and managing director.

  • BNP, Fauchier Launch Fund of Funds Biz

    November 30, 2004

    BNP Paribas Asset Management and Fauchier Partners are merging the operations of their joint venture, BNP Paribas Fauchier Partners, to create a fund of hedge funds business.

  • French Private Equity Adviser Forms Second-Hand P.E. Firm

    November 30, 2004

    Paris-based placement agent Triago has launched a separate unit dedicated to aiding institutions that want to sell their private equity assets.

  • Mark Cuban Mulls Hedge Fund For Sporting Events

    November 30, 2004

    Mark Cuban, owner of professional basketball's Dallas Mavericks, says he is interested in launching a hedge fund managed by professional gamblers to bet on sporting events, the Associated Press reports.

  • Schwab Linked to Shut San Diego Hedge Fund

    November 30, 2004

    Charles Schwab & Co. has been linked to a hedge fund in San Diego that the Securities and Exchange Commission closed earlier this year because of alleged securities fraud, Investment News reports.

  • Trio Joins ATP

    November 30, 2004

    ATP Private Equity Partners has expanded the number of its investment professionals by three to deal with an expected heavy of flow of fund deals within the next several months, AltAssets reports.

  • Absolute To Become Only Third Hedge Fund On London AIM

    November 29, 2004

    Absolute Capital Management (ACM) will become only the third hedge fund on London's Alternative Investment Market when it takes a listing next month, which, according to Bloomberg News, will broaden its appeal to potential investors.

  • AvSuper Considers Aussie Long/Short

    November 29, 2004

    The AUD732 million AvSuper in Sydney plans to search for an unspecified number of Australian long/short equity managers.

  • BNY Brokerage Taps New Head of Sales Trading

    November 29, 2004

    BNY Brokerage, a subsidiary of Bank of New York, has named Anthony Conroy as head of sales trading.

  • Cap Intro Head Leaves UBS

    November 29, 2004

    Joe Pescatore, co-head of UBS Hedge Fund Services' capital introduction group, has left the firm.

  • China's Volatile Market Spawning Hedge Funds

    November 29, 2004

    China's volatile market is spawning a growing crop of China-focused hedge funds, Wall Street Journal Interactive reports.

  • Deutsche Manager Leaves To Launch $200M Fund

    November 29, 2004

    Matt Lindsey, who led the emerging markets group at Deutsche Asset Management, has left to launch his own hedge fund, Bloomberg News reports.

  • Edhec Says 10 of 13 Hedge Funds Gained In Oct.

    November 29, 2004

    Yet another indicator shows that hedge funds are making a come back after a rough ride for the first eight months of the year, according to HedgeCo.Net.

  • Exposure Worries Fuel Demand For Risk Management Systems

    November 29, 2004

    The growing hedge fund industry has generated equally growing concerns of banks' exposure, and together they are fueling a rising demand for risk-management systems, according to Hedgeco.Net, citing a Reuters report.

  • Fleming Family Capital Debuts Fund

    November 29, 2004

    The newly formed Fleming Family Capital Management (FCM) is looking to raise $150 million for its debut offering, the Emerging European Frontiers Fund, The Telegraph reports.

  • Hardt Group Invests In Tuckerbrook Offering

    November 29, 2004

    The Hardt Group, a hedge fund firm founded by former executives at Commonfund and HVB Alternative Investments, plans to invest in newly formed Tuckerbrook Alternative Investments.

  • Harvard Managers Rake In $25M Each

    November 29, 2004

    One of top performing university endowments pays its top managers handsomely, but the $25 million-plus David Mittelman and Maurice Samuels each received this year from their firm, Harvard Management Co., is actually about 25% less than each made last year.

  • Hedge Fund Startups Developing Compliance Infrastructure

    November 29, 2004

    Increasing numbers of hedge fund startups, put on notice by the recent adoption of Securities and Exchange Commission Rule 203(b)(3)-2 requiring registration of hedge fund advisers, are investing in their firm's compliance infrastructure.

  • Hedge Funds Hurt By Lack Convertibles

    November 29, 2004

    Some specialist hedge funds may have to close up shop, thanks to a lack of convertible bond issues in Europe, according to HedgeCo.Net.

  • Inflexion Names Assistant Director

    November 29, 2004

    As part of its expansion, Inflexion Private Equity has named Andrew Mainwaring as assistant director.

  • Institutional Investors Plan To Put More In Alts

    November 29, 2004

    More than half of institutional investors surveyed intend to increase their allocations in alternative investments, according to the Coller Capital's debut Global Private Equity Barometer.

  • Lawyers Expect Flurry of No-Action Requests On Hedge Fund Rule

    November 29, 2004

    Anticipated vague areas in the Securities and Exchange Commission's rule on hedge fund adviser registration will result in a flurry of no-action requests, lawyers said.

  • MFA Re-elects Chairman, Adds Four New Directors

    November 29, 2004

    The Managed Funds Association has re-elected its chairman, Adam Cooper, a senior managing director and general counsel of Citadel Investment Group.

  • New Ranking System Aims To ID Top Hedge Fund Managers

    November 29, 2004

    Lyster Watson & Co. has developed a ranking system that aims to identify top hedge fund managers, Hedgeweek reports.

  • Soros To Pump $15M Into Israeli Healthcare Fund

    November 29, 2004

    Soros Fund Management says it will invest $15 million into Medica Venture Partners, an Israeli venture capital firm that invests in healthcare and life-science companies, according to Bloomberg News.

  • ADI Sees Massive Outflows In October

    November 25, 2004

    French hedge fund colossus Alternative & Derivative Investments had a rough October, suffering from E178 million in net redemptions for its onshore funds, an amount that represents 58% of its net redemptions for the year.

  • RMF Founder Plans Hedge Fund

    November 25, 2004

    Rainer-Marc Frey, founder of fund of funds giant RMF, is reportedly in the early stages of setting up his own firm, Horizon 21, a hedge fund and wealth management group.

  • WMG Raids Commerzbank

    November 25, 2004

    Mehmet Dalman's fledgling alternative investments firm, WMG Limited, has tapped around 10 individuals from his former haunt, Commerzbank.

  • "It's a good time in our market and we're...having a good time of it as well."

    November 24, 2004

    --Paul Russell, compliance officer at Global Advisors, on the performance of the firm's commodities fund.

  • Agency Seeks Private Equity

    November 24, 2004

    The £1 billion Environment Agency Active Pension Fund has tendered a global private equity and domestic real estate briefs worth £50 million each, following a regular review of its investment strategy.

  • Barep Plans Systematic Long/Short Fund

    November 24, 2004

    Barep Asset Management, the Paris-based hedge fund arm of Société Générale, is planning to develop a systematic long/short equity hedge fund.

  • Black Diamond Appoints Marketing Chief

    November 24, 2004

    Black Diamond Capital Management, a $5 billion distressed debt hedge fund firm, has hired Michael Moreno to be its head of marketing, investor relations and client reporting.

  • Cazenove Closes U.K. Fund

    November 24, 2004

    London-based Cazenove Fund Management has soft-closed its U.K. long/short equity fund at £165 million, after reopening it at the beginning of October.

  • Commerzbank Looks To Break Out of Europe

    November 24, 2004

    Commerzbank Securities, with over $2 billion in fund of funds assets under management, is evaluating opportunities to expand distribution beyond its traditional European markets.

  • Commodities Manager Set To Close Flagship Fund

    November 24, 2004

    London- and New York-based Global Advisors is likely to hit the target of $250 million in assets for its flagship commodities fund on Dec. 1.

  • Completed Searches Table

    November 24, 2004

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

  • Dutch Publisher To Consider Hedge Funds

    November 24, 2004

    The pension plan for Dutch publishing company Koninklijke Wegener in Apeldoorn is considering making a foray into hedge funds.

  • Endeavour Readies Multi-Sector Fund

    November 24, 2004

    Endeavour Capital Advisors is planning to launch a multi-sector long/short equity fund next month.

  • Ex-Soros Execs To Start Fixed-Income Fund

    November 24, 2004

    Former Soros Fund Management senior officials, Duncan Hennes and Bob Farrell, will launch a fixed-income fund in January.

  • Focus Hires Risk Manager

    November 24, 2004

    Focus Investment Group, a New York-based fund of funds firm, has hired Amar Sil, a senior risk manager at Smith Barney, to be its director of risk management.

  • Japan's DLIBJ Could Hire More Hedge Fund Managers

    November 24, 2004

    DLIBJ Asset Management in Tokyo will consider outsourcing assets to more fund of hedge funds managers.

  • K2 Hires Commonfund Analyst

    November 24, 2004

    Fund of funds titan K2 Advisors recently hired Lilly Knight, a former analyst with Commonfund Capital, as a research analyst for the firm.

  • Maryland Postpones Hedge Funds

    November 24, 2004

    The $30 billion Maryland State Retirement & Pension System is putting the brakes on plans to invest in hedge funds for the first time.

  • New Mexico To Make Hedge Fund Foray

    November 24, 2004

    The $11.6 billion New Mexico State Investment Council will search for one or several hedge fund managers for a $350 million mandate.

  • New Searches Table

    November 24, 2004

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

  • Okumus Makes Satellite Radio Play

    November 24, 2004

    In a recent letter to investors, well-known manager Ahmet Okumus of Okumus Capital offered a peak behind the curtain at some of his funds' positions.

  • Potential Searches Table

    November 24, 2004

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

  • QIC To Search Fund of Hedge Fund Managers

    November 24, 2004

    Queensland Investment Corporation (QIC), with AUD33 billion in assets under management, will search for fund of funds managers in the next six to 12 months.

  • RAB Readies Energy Fund

    November 24, 2004

    U.K. hedge fund firm RAB Capital, which has $1.5 billion under management, is planning to launch a fund focused on energy commodities next year.

  • SAC Makes Two Senior Hires

    November 24, 2004

    SAC Capital Advisors has created a director of research position and hired H. Perry Boyle, co-head of research at Thomas Weisel Partners.

  • SAC Taps Head of HR

    November 24, 2004

    SAC Capital Advisors has hired a head of human resources.

  • Seattle Fund Plans Alts Increase

    November 24, 2004

    The $600 million Marguerite Casey Foundation in Seattle will consider increasing its allocation to alternatives, including hedge funds, next year.

  • Smaller Pensions Begin To Accept Hedge Funds

    November 24, 2004

    Smaller U.S. pension funds, which have traditionally bucked the idea of investing in hedge funds, are beginning to reconsider.

  • U.K. Firm Considers New Funds

    November 24, 2004

    London-based Eddington Capital Management is considering developing new products next year.

  • Updated Searches Table

    November 24, 2004

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


 

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