Stories

  • Cap Z Co-Founder To Leave Next Year

    December 10, 2004

    Scott Delman, who co-founded Capital Z Investment Partners in 1998, plans to leave in the middle of the next year, PrivateEquityOnline reports.

  • Citi First To Offer Hedge Fund Services In Germany

    December 10, 2004

    German regulator BaFin has granted a new Citigroup unit the first full license to offer hedge fund services to fund managers in Germany.

  • Ex-Moore Official Closes Fund

    December 10, 2004

  • Hedge Funds Expected To Improve In 2005

    December 10, 2004

    Sagitta Asset Management predicts that 2005 will be a better year for hedge funds, Bloomberg News reports.

  • Horizon To Offer Cash Management To Funds of Funds

    December 10, 2004

    Horizon Cash Management has expanded its client base beyond single- manager strategies by taking on as a client Discovery Capital, a New York-based fund of funds, according to Hedgeweek.

  • Jim Rogers Touts Commodities

    December 10, 2004

    Jim Rogers, co-founder of Diapason and previously the manager of George Soros' Quantum Fund, says countries such as China will help commodities outperform stocks and bonds for the next 15 years, according to Bloomberg News.

  • New AMG Capital Service Offers Alts

    December 10, 2004

    AMG Capital Group, an alternative investment provider and consultant, has established a new service that will specialize in providing brokers/dealers, registered investment advisers and financial planners with access to public U.S. commodity funds and other domestic and offshore alternative investments.

  • Canadian Firm May Start Base Metals Fund

    December 09, 2004

    Frank Mersch, chief investment officer for Front Street Capital, says that early next year the Canadian hedge fund may launch for foreign investors a base-metals offering, Bloomberg News reports.

  • First Eastern To Roll Out $200M Private Equity Fund

    December 09, 2004

    Hong Kong-based First Eastern Investment says it is creating a private equity fund to help Chinese companies expand into India and Indian companies expand into China, PrivateEquityOnline reports.

  • Harmonic Taps Schroders Manager As Business Head

    December 09, 2004

    Harmonic Capital Partners has picked up Julian Samways as its new head of business development.

  • Hennessee Warns Of Naked-Writing Risks

    December 09, 2004

    Amid the positive news that hedge funds were up 2.75% in November (5.98% year to date), Hennessee Group warned that naked writing of credit default swaps could pose a major risk to the industry.

  • New Star Renames Funds of Funds

    December 09, 2004

    New Star Asset Management Limited has renamed three of its global funds of funds in an effort to more accurately reflect their specific investment objectives and risk profiles.

  • Asian Firm Open For Business

    December 07, 2004

    Oria Capital, the firm formed in August to take over the accounts handled by Charles Schmitt and Associates, has launched its first offering, an Asia multi-strategy fund with more than a dozen hedge funds covering eight strategies, Mar/Hedge reports.

  • CME To Intro New Membership Class For Hedge Funds

    December 07, 2004

    The Chicago Mercantile Exchange plans to introduce a new family of fund membership class for hedge funds.

  • CSAM To Spin Off Hedge Funds

    December 07, 2004

    In an effort to streamlines its U.S. operations, Credit Suisse Asset Management (CSAM) has announced plans to spin off its private equity unit and internal hedge funds early next year, Reuters reports.

  • Hedge Funds Attract Top Research Talent

    December 07, 2004

    Marshall Wace Asset Management is the latest firm to hire away top research talent from investment banks, according to Hedge Fund Alert.

  • Nokia To Roll Out VC Fund

    December 07, 2004

    Nokia Venture Partners, which usually focuses on early-stage technology companies, plans to launch a new mid- to late-stage $100 million venture capital fund, Nokia Growth Partners.

  • RMB Introduces New Euro Share Class

    December 07, 2004

    RMB International has introduced a new euro share class for its RMBI MultiManager SICAV, according to MAR/Hedge.

  • Top Deutsche Bank Exec To Launch Hedge Fund

    December 07, 2004

    Shamil Chandaria, who has been running the structured capital markets group at Deutsche Bank, plans on leaving at the end of the year to launch a financial/commodities futures-linked hedge fund, according to Bloomberg News.

  • Updata Closes Third VC Fund

    December 07, 2004

    Updata Partners has closed its third venture capital fund, Updata Partners III, with total commitments of $154.5 million.

  • Canadian Firm Rolls Out Hedge Funds

    December 06, 2004

    Seven-month-old Selective Asset Management has announced plans to launch two hedge funds and one fund of funds this week, according to Hedgefund.Net.

  • Carlyle Founder Says Hedge Funds Have Edge Over P.E. In Financing

    December 06, 2004

    David Rubenstein, a co-founder of The Carlyle Group, says hedge funds have an advantage over private equity offering financing to companies, PrivateEquityOnline reports.

  • Dingell Wants Probe of Hedge Funds’ Role In Energy Mart

    December 06, 2004

    Rep. John Dingell (D-Mich.), ranking member of the House Committee on Energy and Commerce, is urging an investigation of the role hedge funds are playing in the energy industry, HedgeCo. reports.

  • Forest Investment Picks Up Two Veterans

    December 06, 2004

    Two investment veterans have joined the $1.3 billion Forest Investment Management, a multi-strategy arbitrage firm, Hedgeweek reports.

  • FSA Is Mum On Meeting Over Risk Posed By Hedge Growth

    December 06, 2004

    The U.K.'s Financial Services Authority would not comment on a meeting it held last week with the London Investment Banks Associations' Prime Brokerage Committee on potential risks posed by the growth of the hedge fund industry, Reuters reports.

  • German Manager Rolls Out Managed-Futures Fund

    December 06, 2004

    TrendConcept Vermögensverwaltung GmbH, a German asset manager with EUR980 million in assets, plans to launch a managed futures fund in early 2005, Mar/hedge reports.

  • Harris P.E. Firm To Invest In Manufacturing

    December 06, 2004

    William Harris Investors, a family-based asset management firm founded by Irving Harris, has formed WHI Capital Partners (WHICP), which will to invest in private, mature, market-leading companies with annual revenues of between $10 and $75 million and operating cash flow in excess of $3 million.

  • HSBC's Third Private Equity Fund Closes At $700M

    December 06, 2004

    HSBC Private Equity Asia has raised $700 million for HSBC Private Equity Fund 3, AltAssets reports.

  • "I get the feeling that if you've got £100 million to spare, you chuck it in a hedge fund! "

    December 03, 2004

    -- Peter Dingemans, trustee of the University of Sussex Pension & Assurance Scheme, on the high inflow of assets into hedge funds.

  • ABN Amro Weighs Bigger U.S. Presence

    December 03, 2004

    ABN Amro Asset Management, which manages $1.1 billion in hedge funds and funds of funds, is considering expanding in new markets including the U.S.

  • AXA Private Equity To Open Office In Singapore

    December 03, 2004

    AXA Private Equity plans to expand its business into Asia with the opening of an office next year in Singapore, AltAssets reports.

  • BNP Paribas-Fauchier Eyes Acquisitions

    December 03, 2004

    BNP Paribas Fauchier Partners (BNP FP) is seeking to acquire fund of hedge funds firms in the next couple of years and use them along with organic growth to reach the top five bracket of European funds of funds.

  • Completed Searches Table

    December 03, 2004

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

  • Consultants See Uptick In Hedge Fund Searches

    December 03, 2004

    The number of hedge fund searches by institutions has increased this year, according to consultants.

  • Dalman Plans Equity Vol Fund

    December 03, 2004

    WMG, an alternative investments firm set up by Mehmet Dalman earlier this year, is considering launching an equity volatility fund.

  • Deutsche Bank Rolls Out Fund of Funds

    December 03, 2004

    Following approval by German regulators on Nov. 26, Deutsche Bank has launched a hedge fund of funds—its first in months, Handelsblatt reports.

  • E&Y Partner Champions Outsourcing Compliance

    December 03, 2004

    Hedge fund advisers will need to outsource compliance functions, including the chief compliance officer role, to avoid being overburdened with the costs of registration, Joel Press, senior partner at Ernst & Young's global hedge fund practice, told attendees at the Securities Industry Association's hedge fund conference in New York last week.

  • EFG Turns Away From Funds of Funds

    December 03, 2004

    London-based EFG Asset Management, part of EFG Private Bank, the CHF68 billion Swiss bank, has rejected the idea of developing further funds of funds, at least within the next 12-15 months.

  • Ex-DeAM Official Launches Quant Fund

    December 03, 2004

    BTN Partners, a Stamford, Conn.-based hedge fund firm founded by Joshua Feuerman, the former global quantitative equity chief at Deutsche Asset Management, has rolled out a quantitative long/short market neutral fund.

  • Former CSFB Officials Ready Japan Small-Cap Fund

    December 03, 2004

    London- and Tokyo-based start-up firm PBG Capital, which is run by two former Credit Suisse First Boston officials, will launch its first fund in early January.

  • Former JPMorgan Prop Traders Roll Out Macro Fund

    December 03, 2004

    A trio of ex-JPMorgan prop desk traders has launched a global macro and directional fund. Even Berntsen, Chris Harris and Roberto Vidal left the bank last summer and formed NorOdin Investment Management, which rolled out the fund last week.

  • Galleon To Open Fund of Funds

    December 03, 2004

    Long/short equity heavyweight The Galleon Group is planning to open its fund of funds to outside investors in January.

  • German Firm Preps Commodity Certificate

    December 03, 2004

    Feri Alternative Assets is planning to launch an index certificate linked to a portfolio of about eight commodity long/short hedge funds in January.

  • Gotham Shop Rolls Out Credit Fund

    December 03, 2004

    New York-based EOS Partners has launched the EOS Credit Opportunities Fund, a hedge fund that invests in global distressed bank debt and other fixed-income securities.

  • Hedge Funds Attract $106 Billion Through Q3

    December 03, 2004

    Net asset flows into hedge funds during the first three quarters of 2004 have totalled a whopping $106 billion, compared to $45.4 billion through the third quarter last year.

  • Hedge Funds Optimistic About Long-Term Growth

    December 03, 2004

    Despite suffering through sluggish returns and little volatility, hedge fund managers and analysts are optimistic about the future of the industry, Reuters reports.

  • Hedge Funds Pounce On Weak Dollar

    December 03, 2004

    The sharp fall of the U.S. dollar is allowing hedge funds that short the currency to recoup losses from earlier in the year when the greenback was trading sideways.

  • Hedge Funds Still Down On Dollar, Treasuries

    December 03, 2004

    Hedge fund managers remain pessimistic about the prospects for the U.S. dollar and U.S. Treasury 10-year notes, according to Van Hedge Fund Advisors International.

  • Icahn-Linked Honcho To Roll Out Fund

    December 03, 2004

    Providence Capital, a registered broker/dealer founded by Bert Denton, activist investment advisor to CalPERS, the Dorrance Family and Carl Icahn, will launch its first fund Jan. 1.

  • Institutional Investment In Hedge Funds Set To Swell

    December 03, 2004

    The number of European institutions investing in hedge funds is expected to increase significantly within the next two years to a level akin to private equity.

  • Iowa Ponders Hedge Funds

    December 03, 2004

    The $17.9 billion Iowa Public Employees Retirement System has been looking at investing in hedge funds for the past three years.

  • JC Clark Incubates Short Strat

    December 03, 2004

    One of Canada's oldest and largest hedge fund firms, JC Clark, is incubating a short-only U.S. equity strategy.

  • Managers To Use Lock-Up Loophole

    December 03, 2004

    Some hedge fund managers are expected to use a loophole in the Securities and Exchange Commission's hedge fund rule that allows them to avoid registration.

  • Marin County To Look At Hedge Funds Next Quarter

    December 03, 2004

    The $1.1 billion Marin County Employees Retirement Association in San Rafael, Calif., will examine making a foray into hedge funds in March.

  • Merrill Taps Synthesis Incubator Head

    December 03, 2004

    Jason Huemer, former head of Synthesis Asset Management's incubator shop, has joined Merrill Lynch's prime brokerage capital introduction team.

  • MFA Accepts Hedge Fund Registration

    December 03, 2004

    Managed Funds Association President Jack Gaine told the audience at the Securities Industry Association's hedge fund conference in New York last week that registration of hedge fund advisers is a fait accompli, and that rather than fight it, the MFA will work to educate regulators.

  • MIT Guru Recommends SEC Collect More Data

    December 03, 2004

    Andrew Lo, professor of finance at Massachusetts Institute of Technology's Sloan School of Management, is urging the Securities and Exchange Commission to take a more active role in collecting data from hedge funds.

  • Nassau Firm Launches Fund

    December 03, 2004

    Magnum Funds, a Nassau-based fund of funds firm, has launched a new offshore fund.

  • New Searches Table

    December 03, 2004

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

  • Potential Searches Table

    December 03, 2004

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

  • Red Cross Seeks Alternatives

    December 03, 2004

    The $1.24 billion American National Red Cross investment fund is seeking to place $170 million in private equity, venture capital and real estate funds over the next five years to fill its 17% target allocation to alternatives.

  • SEC Issues Final Rule On Hedge Fund Registration

    December 03, 2004

    The Securities and Exchange Commission has issued its long-awaited final rule on hedge fund registration.

  • Sussex Scheme Approaches Hedge Funds With Caution

    December 03, 2004

    The £43 million University of Sussex Pension & Assurance Scheme has decided not to invest in hedge funds but will possibly reconsider the asset class in six months.

  • Syz To Make Hedge Fund Push Into Japan, Middle East

    December 03, 2004

    Swiss banking concern Syz & Co.'s fund of hedge fund division, 3A, is planning to make a push into Japan and the Middle East.

  • Two Former Marks & Spencer Officials Reunite

    December 03, 2004

    Roger Holmes, formerly of London's Marks & Spencer, has decided to join another former M&S alumnus at the private equity group Change Capital, according to Financial Times.

  • University of Quebec To Select Funds of Funds

    December 03, 2004

    The C$1.6 billion Régime de Retraite de l'université du Quebec, the pension plan for the University of Quebec, will tap one or two funds of funds for a total mandate of C$75 million on Dec. 10.

  • Updated Searches Table

    December 03, 2004

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


 

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