Stories

  • Baring Fund Raises GBP100M

    December 16, 2004

    Baring Asset Management says its Baring Directional Global Bond Trust has attracted GBP100 million--and returned 6.2%--since it launched in March.

  • CSFB/Tremont Hedge Fund Index Up 2.65%

    December 16, 2004

    With the help of strong performance in the managed-fund sector, the CSFB/Tremont Hedge Fund Index rose 2.65% in November.

  • ECB Says Hedge Funds Pose Less Danger Now

    December 16, 2004

    In its first financial stability review, the European Central Bank acknowledges that hedge funds improve the markets' efficiency, thus easing much of the concern the bank has had about the potential dangers of the investment vehicle, Financial Times reports.

  • MSCI Index Rises In November

    December 16, 2004

    MSCI Hedge Fund Indices joined its peers in November with an increase in the 2% range.

  • NY State Taps Private Equity Manager

    December 16, 2004

    The New York State Common Retirement Fund has retained Palladium Equity Partners, a Hispanic-led private equity fund, to handle $25 million of its assets.

  • Van Hedge Index Climbs 2.8% In November

    December 16, 2004

    A 2.8% net gain in November has boosted the Van Global Hedge Fund Index to 6.2% year-to-date.

  • American Securities Closes Fourth Fund

    December 15, 2004

    American Securities Capital Partners has announced the final closing of its fourth investment fund, with $1 billion in committed capital--$250 million above its original target.

  • Analysts Fault Banks’ Hedge Fund Risk Models

    December 15, 2004

    Analysts in the U.K. say the risk management model that investment banks use in dealing with hedge funds is fundamentally flawed, according to Reuters.

  • CalPERS Adopts P.E. Policy To Protect Public Workers

    December 15, 2004

    The California Public Employees' Retirement System has adopted a policy to ensure that future investments in its $21 billion private equity portfolio do not displace public workers.

  • CalPERS Cuts Private Equity Allocation To 6%

    December 15, 2004

    The California Public Employees' Retirement System board of administration has revised its asset allocation mix resulting in a 1% reduction to private equity from 7% to 6%, and a similar reduction in real estate from 9% to 8%.

  • Completed Searches Table

    December 15, 2004

  • Former Soros Adviser's Japan Fund Soars 68%

    December 15, 2004

    James Rosenwald, a former adviser to George Soros, has seen his Japanese Management Buyout Fund surge 68% in the past 12 months, Bloomberg News reports.

  • FrontPoint To Use Calypso For Trading Strategies

    December 15, 2004

    FrontPoint Partners has selected a Calypso Technology system for various fixed income and credit- related trading strategies.

  • JH Partners Raises $200 Million

    December 15, 2004

    The nation's five largest endowments have boosted JH Partners' first institutional fund with $200 million in commitment at its closing.

  • Lancer Official Slapped With Court Order

    December 15, 2004

    Michael Lauer, principal of hedge fund adviser Lancer Management Group, has been hit with a federal court order to show why he should not be held in contempt for violating a December 2003 order that froze his assets.

  • PlusFund CEO Resigns

    December 15, 2004

    Gabriel Bousbib, president and ceo of PlusFunds Group, has resigned to pursue other interests.

  • Soros To Pump Funds Into Swiss Reinsurance Firm

    December 15, 2004

    George Soros hopes to capitalize on the burgeoning foreign insurance market by acquiring a major stake in a new reinsurance company launched by Zurich-based Glacier Re, according to the This Is London Web site.

  • Thomas Murray Creates Alternative Investment Service

    December 15, 2004

    Thomas Murray Group has formed a division devoted to alternative investments, Investment & Pensions Europe reports.

  • Threadneedle To Launch Fund

    December 15, 2004

    Jeremy Podger, who currently manages Threadneedle's Global Select Growth Fund, has been chosen to handle the London firm's fifth hedge fund offering, according to Citywire.

  • U.K. County Pension Funds Picks Fund Manager

    December 15, 2004

    U.K.'s Dorset County Council has named International Asset Management to manage the county's pension plan's hedge fund portfolio, Investment & Pensions Europe reports.

  • U.K. Hedge Fund Ups Stake In Serb Drink Firm

    December 15, 2004

    FPP Balkan, a U.K. base hedge fund, has taken control of Knjaz Milos, Serbia's largest drinks firm, by increasing its stake to 58% from 25%, Reuters reports.

  • First Quadrant Launches Global Macro Strategy

    December 14, 2004

    First Quadrant, a California-based investment management firm, has launched its Global Macro strategy to investors.

  • HSBC Offers Fund With No Currency Fluctuation Risk

    December 14, 2004

    The weakening of the U.S. dollar has prompted HSBC to reclassify its HSBC Global Absolute Limited without currency-fluctuation risks by offering shares in U.S. dollars and sterling, Hedgeweek reports.

  • Irish Stockbrokerage Shuts Hedge Fund After One Year

    December 14, 2004

    Irish stock broking firm NCB says it will close its hedge fund after one year.

  • Japanese Investors Favor Long/Short Strats

    December 14, 2004

    Three-quarters of hedge fund investment in Japan is in long-short equity funds, Financial Times reports, noting that the fact that investors weigh heavily in one strategy is an early sign that the hedge fund industry there may be maturing.

  • More Institutional Investors Opt For Hedge Funds

    December 14, 2004

    A growing number of pension plans and institutional investors are opting for hedge funds as an alternative investment, The Standard reports.

  • Standard Life Raises EUR250M For P.E. Fund Of Funds

    December 14, 2004

    Standard Life Investments has raised EUR250 million at the first close of its European Strategic Partners 2004, a private equity fund of funds.

  • Venture Capital Activity Sees Positive Growth In '04

    December 14, 2004

    2004 appears to be the start of a new capital investment cycle, according to a venture capital report compiled by Ernst & Young and VentureOne.

  • Capital Structure Arb: Next Year's Must Have

    December 13, 2004

    Capital structure arbitrage is likely to come back into fashion next year because of expectations companies will start to releverage their balance sheets.

  • Chamber of Commerce May Support Suit Over Hedge Fund Rule

    December 13, 2004

    The U.S. Chamber of Commerce may file an amicus brief in support of a lawsuit that Phillip Goldstein, principal at Opportunity Partners, an unregistered hedge fund advisor in Pleasantville, N.Y., is about to file against the Securities and Exchange Commission concerning the hedge fund registration rule.

  • Former Calpine Vets Ready Power Fund

    December 13, 2004

    Thomas McAndrew, former head of portfolio risk management at Calpine, is launching a macro-energy hedge fund in Houston with two other alumni, Jeffrey Fox, a director of trading and Corey Amthor, v.p. of trading.

  • "Most Wall Street pundits have persuaded the financial media to believe that the elephant in the swimming pool is the hedge fund."

    December 10, 2004

    --Charles Gradante, managing principal at the Hennessee Group, on the scapegoating of the hedge fund industry.

  • Absolute Decides Against Float On AIM

    December 10, 2004

    Absolute Capital Management has changed its mind about becoming the third hedge fund on London's Alternative Investment Market, according to Financial Times.

  • Ader To Roll Out Leveraged Fund

    December 10, 2004

    Hayground Cove Asset Management, the $800 million long/short equity hedge fund firm founded by former Bear Stearns analyst Jason Ader, will launch a 2x-leveraged version of its flagship fund next month.

  • AIG Closes Private Equity Fund With $239M

    December 10, 2004

    AIG Private Equity Portfolio III (PEP III) had its second and final close with commitments totaling nearly $239 million.

  • Aussie Fund To Plow AUD560M Into Alts

    December 10, 2004

    The AUD7 billion Funds SA in Adelaide aims next year to invest 5-8% of total assets--or AUD560 million--in alternatives including hedge funds.

  • Big Apple Shop To Launch Long/Short Fund

    December 10, 2004

    New York-based Pendulum Capital Management is planning to roll out a long/short equity fund in the first quarter.

  • British Can Maker To Consider Hedge Funds

    December 10, 2004

    The 1 billion pound corporate pension plan for consumer packaging concern Rexam will consider a foray into hedge funds next year and possibly allocate up to 5%.

  • British Pension Makes Maiden Allocation To Private Equity

    December 10, 2004

    The £670 million Cornwall County Council Superannuation fund has made a 5% foray into private equity.

  • Cairn Preps Fund With Ex-JPMorgan Credit Head

    December 10, 2004

    London-based credit asset manager Cairn Capital, which manages $3.25 billion in collateralized debt obligations, will launch a European credit fund early next year.

  • Citi To Increase European Sales Team

    December 10, 2004

    Citigroup Alternative Investments is planning to make several senior sales hires, a move which could roughly double the firm's European sales team.

  • Completed Searches Table

    December 10, 2004

    The following directory includes search and hire activity for the week. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. All amounts are in US$ millions unless otherwise stated. To report manager hires and new searches, please call Mark Faro at (212) 224-3287, Emma Trincal at (212) 224-3648, Jennifer McCandless at (212) 224-3615 and Robert Murray at 44 (0)207 303 1705 or fax (212) 224-3939.

  • Emerging Markets Shop Hires Marketing Chief

    December 10, 2004

    OneWorld Investments, a Boston-based emerging markets hedge fund firm that manages $282 million, has tapped Daniel Smythe as managing director of client marketing and investor relations.

  • Emerging Markets, Futures Will Be Money Makers In ‘05

    December 10, 2004

    Fund of hedge funds should see their best returns next year by investing in emerging markets and futures, according to a Reuters survey.

  • Ex-DeAM Official Launches Quant Fund

    December 10, 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.

  • Ex-Moore Official Closes Fund

    December 10, 2004

  • Former DeAM Honcho Launches Emerging Markets Fund

    December 10, 2004

    North of South Capital, a London- and Hong Kong-based start-up, has launched a long/short global emerging markets fund.

  • Former EACM Partner Launches Marketing Firm

    December 10, 2004

    Patrick Moriarty, a former partner and head of business development for Evaluation Associates Capital Markets (EACM), has started his own third-party marketing firm, Lacken Bay Partners.

  • Frisco Shop To Roll Out Consumer Long/Short Fund

    December 10, 2004

    JMP Asset Management is planning to launch a long/short U.S. equity fund focusing on the consumer sector next month.

  • Fund Managers Shun CPPI

    December 10, 2004

    Banks selling constant proportion portfolio insurance on hedge funds and funds of funds are meeting resistance from traditional fund managers due to concerns some types of CPPI create the appearance of market timing.

  • Funds of Funds Analysts Take Home More Bacon

    December 10, 2004

    Total compensation for analysts at funds of funds increased this year, while some back office professionals saw their pay remain flat.

  • Gartmore Wins Alternatives Award

    December 10, 2004

    Gartmore Investment Management, a well-known name in traditional asset management, has capitalized on its strong brand name and long-term relationships with pension funds into success in new hedge fund and private equity efforts and has been named Alternative Manager of the Year by AIN sister publication Global Money Management.

  • German Hedge Fund Demand To Grow

    December 10, 2004

    The demand for German-domiciled hedge funds is expected to grow to an average of EUR47 billion a year by 2009, according to RCP & Partners.

  • Grove Capital To Sell 50% Of Mapeley

    December 10, 2004

    Grove Capital, the fund recently spun out from George Soros' hedge fund firm, Soros Fund Management, is selling its 50% stake in Mapeley, a private property company, to Fortress Investments, according to Financial Times.

  • Health Super Hunts For Private Equity Managers

    December 10, 2004

    The AUD4.4 billion Health Super in Victoria is searching for managers to invest AUD100 million in Asian private equity funds of funds.

  • Hedge Fund Rules Worries Venture Capitalists

    December 10, 2004

    Venture capital firms are worried that the Securities and Exchange Commission's recent adoption of the hedge fund registration rule will lead to greater regulation of VC firms, Dow Jones Newswires reports.

  • Hennessee Denounces Scapegoating of Hedge Funds

    December 10, 2004

    Hedge funds have been blamed in some corners for provoking sharp moves in the market, such as the sharp drop of the U.S. dollar and rising oil prices, but others are challenging that notion.

  • HFR, DrKW Roll Out Fund

    December 10, 2004

    HFR Asset Management and investment bank Dresdner Kleinwort Wasserstein launched a five-year capital-guaranteed investment product called Himalaya.

  • HSBC Scheme Abandons Hedge Funds

    December 10, 2004

    The £7.5 billion HSBC Bank Pension Scheme has reconsidered its earlier plans to make a move into funds of hedge funds, high-yield debt and emerging market debt.

  • Insurance Co. Eyes Mezzanine Private Equity

    December 10, 2004

    Samsung Life Insurance in Seoul may double its current $100 million investment in mezzanine private equity next year.

  • Investors Balk At Longer Lockups

    December 10, 2004

    Many investors are less than thrilled with hedge fund managers employing longer lock-up provisions.

  • London Firm Plans Credit Funds

    December 10, 2004

    London-based CPM Advisers, with E930 million under management, has launched a credit opportunities fund and is planning two more funds for next year.

  • MFA Preps Sound Practices For Hedge Fund Compliance

    December 10, 2004

    The Managed Funds Association is revising its sound practices for hedge funds to address compliance under the new registration rules.

  • New Searches Table

    December 10, 2004

    The following directory includes search and hire activity for the week. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. All amounts are in US$ millions unless otherwise stated. To report manager hires and new searches, please call Mark Faro at (212) 224-3287, Emma Trincal at (212) 224-3648, Jennifer McCandless at (212) 224-3615 and Robert Murray at 44 (0)207 303 1705 or fax (212) 224-3939.

  • Ohio Health System Adds Hedge Funds

    December 10, 2004

    The $600 million Consolidated MedAmerica Health Systems in Dayton, Ohio, is in the process of hiring a hedge fund of funds manager to invest its 5%, or $30 million, maiden allocation to alternatives.

  • Potential Searches Table

    December 10, 2004

    The following directory includes search and hire activity for the week. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. All amounts are in US$ millions unless otherwise stated. To report manager hires and new searches, please call Mark Faro at (212) 224-3287, Emma Trincal at (212) 224-3648, Jennifer McCandless at (212) 224-3615 and Robert Murray at 44 (0)207 303 1705 or fax (212) 224-3939.

  • RAB Global Macro Fund Gets Smacked

    December 10, 2004

    London-based RAB Capital's global macro fund is down roughly 18% so far this year due at least in part to two bad plays.

  • Refco Plans European Institutional Expansion

    December 10, 2004

    Refco Alternative Investments, a futures and commodity trading advisor specialist, is planning to expand into the institutional market in Scandinavia and France, and develop further in Switzerland and Germany.

  • SAC Sub Taps COO

    December 10, 2004

    Sigma Capital Management, a division of hedge fund titan SAC Capital Advisors, has tapped Brian Conroy to be its chief operating officer. Conroy has worked at SAC as director of execution trading for two years.

  • San Francisco Firm Lands BGI Pro

    December 10, 2004

    Ascend Capital, a San Francisco-based hedge fund firm with $1.2 billion in assets, recently hired David Saraniti as director of quantitative research.

  • Thames River Launches Two Irish-Listed Funds

    December 10, 2004

    Thames River Capital has launched two bond funds that are listed on the Irish Stock Exchange.

  • Tremont Mulls Three-Year Option

    December 10, 2004

    Fund of funds giant Tremont Capital Management is considering developing vehicles with longer lock-ups--possibly up to three years--so that it is better able to invest in a wider variety of funds.

  • U.K. Firm Preps European Value Fund

    December 10, 2004

    London-based Elgin Capital is preparing to launch a long/short European valuation-driven fund. The Elgin Spectrum Fund will be launched in January, according to a Goldman Sachs prime brokerage document obtained by AIN.

  • U.K. Hedge Fund Firm Plans Move Into Investment Advice

    December 10, 2004

    Uniastrum Capital, which manages approximately $45 million and is the London-based hedge fund affiliate of Russia-based Uniastrum Bank, is planning to diversify by providing advice about investment allocations and will hire a financial advisor.

  • U.K. Start-Up Readies Managed Futures Fund

    December 10, 2004

    Amplitude Capital, a London-based start-up hedge fund firm, is preparing to launch a managed futures fund focused on short-term directional tactical trading.

  • Updated Searches Table

    December 10, 2004

    The following directory includes search and hire activity for the week. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. All amounts are in US$ millions unless otherwise stated. To report manager hires and new searches, please call Mark Faro at (212) 224-3287, Emma Trincal at (212) 224-3648, Jennifer McCandless at (212) 224-3615 and Robert Murray at 44 (0)207 303 1705 or fax (212) 224-3939.


 

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