Stories

  • Amadeus Capital Promotes Six Staffers

    January 06, 2005

    London-based Amadeus Capital Partners has promoted six of its staff members, PrivateEquityOnline reports.

  • Carlyle Attracts $5 Bln By First Closing of Buyout Fund

    January 06, 2005

    Carlyle Group has held the first closing of its Carlyle Partners IV buy-fund with approximately $5 billion in commitments, Alt Assets reports.

  • Endowments Hit A High Relying Less On Hedge Funds

    January 06, 2005

    University and foundation endowments had their best returns in four years, while those that relied less on hedge funds and venture capital funds outperformed those that did, according to The Wall Street Journal, citing a survey by Commonfund.

  • Four Permal Funds Receive S&P Rating

    January 06, 2005

    Four funds managed by the Permal Group have been assigned Standard & Poor's fund of hedge fund ratings.

  • GlobeOp Names First CFO

    January 06, 2005

    GlobeOp Financial Services has named Greg Stockett as its first chief financial officer and a member of the fund administrator's management committee.

  • HarbourVest Names New V.P. In London

    January 06, 2005

    Boston-based HarbourVest Partners has named David Atterbury as a senior v.p. based in the private equity firm's London office.

  • Hedge Fund Managers Expect Dollar To Bounce Back

    January 06, 2005

    In a dramatic turnaround, a majority of hedge fund managers expect a rise in the U.S. dollar this month, according to Van Macro Sentiment Indicators.

  • Hedge Funds Are Hot In Asia

    January 06, 2005

    With an almost 90% jump in hedge fund assets under management in Asia last year, the world's largest continent has become the hottest region for the industry.

  • Kiwi Securities Enters Private Equity Field

    January 06, 2005

    Kiwi Securities has changed its name to The Silverfern Group and has entered the private equity fundraising business to complement its core mergers and acquisition practice.

  • Lehman/GLG Deal Hits Snag

    January 06, 2005

    Lehman Brothers' reported offer to buy GLG Partners, one of the U.K.'s largest hedge funds, is still up in the air as issues over the asking price and valuation may end up killing the deal altogether, Reuters reports.

  • Mellon Blasts Metromedia Offer

    January 06, 2005

    Mellon HBV Alternative Strategies, the hedge fund unit of Mellon Financial, has blasted a $300 million offer for Metromedia International Group as “grossly inadequate.”

  • NeoMed Completes First Closing Of VC Fund

    January 06, 2005

    NeoMed Management has held the first closing of its fourth life sciences venture capital fund with EUR38 million, AltAssets reports.

  • SciVest Launches Global Fund of Funds

    January 06, 2005

    SciVest Alternative Strategies has launched SciVest Global Multi-Strategy Fund, a global fund of hedge funds.

  • SEC Investigates Commission Rebates

    January 06, 2005

    The Securities and Exchange Commission is investigating commission rebates.

  • Symphony Capital Raises $315 Mln For Debut Funds

    January 06, 2005

    Symphony Capital has raised $315 million at the final closing of its first two debut private equity funds.

  • WestBridge Capital Elevates Three To Partner

    January 06, 2005

    WestBridge Capital Partners has elevated three three-year veterans of the company to partners.

  • Asia-Focus Hedge Fund Attracts $94 Million

    January 05, 2005

    The Rohatyn Group's new hedge fund specializing in Asian investments has attracted $94.8 million from 33 investors since August, according to a filing with the Securities and Exchange Commission.

  • Hedge Fund Down On BofA

    January 05, 2005

    Rising interest rates may mean the time ripe for withdrawing money from Bank of America, says Thomas Brown, who runs hedge fund Second Curve Capital in the current issue of Barron's online edition.

  • Japan Private Equity Fund Closes 50% Ahead Of Target

    January 05, 2005

    Tokyo-based Unison Capital Partners has closed its private equity offering, Unison Capital Partners II, with $724 million, about 50% more than its original target, PrivateEquityOnline reports.

  • Lackluster Returns Prompt London Firm To Close

    January 05, 2005

    Lackluster returns in 2004 caused partly by low equity market volatility have prompted hedge fund Continuous Time Finance Ltd. to close, Reuters reports.

  • Lancer Investors Clash With Fund's Receiver

    January 05, 2005

    A majority of the investors in the defunct Lancer hedge fund group have been clashing with Marty Steinberg, the receiver of the fund appointed by the Securities and Exchange Commission, KYC News reports.

  • Marketer Offers Help Following Tsunami

    January 05, 2005

  • Warburg Pincus To Buy Back Stake From Credit Suisse

    January 05, 2005

    Warburg Pincus has bought back a 19.9% stake in its private equity activities from Credit Suisse Group, which made the purchase five-and-a-half years ago.

  • AIMA Issues Guidance For Asia Hedge Funds Managers

    January 04, 2005

    London-based Alternative Investment Management Association (AIMA) has published a “guide to sound practices” for Asian hedge fund managers.

  • BaFin Gives Deutsche, Merck OK To Sell Hedge Fund

    January 04, 2005

    BaFin, the German finance regulator, has given the green light to Deutsche Bank and distributor Merck Finck & Co. to sell the DB Platinum II MF Hedge No. 1 in Germany, MAR/Hedge reports.

  • Korean Buyout Firms Launch Funds

    January 04, 2005

    With recent changes in securities laws, two South Korean buyout firms have completed registration for the launch of their country's first private equity funds, Yonhap News reports.

  • Lightyear Funds Credit Protection Entity

    January 04, 2005

    Lightyear Capital says its Lightyear Fund L.P. has provided the majority of equity capital to launch Athilon Capital Corp., which will offer credit protection on a portfolio basis to investment banks, commercial banks, insurance companies and other institutions.

  • Mutual Funds Edge Out Hedge Funds In '04

    January 04, 2005

    Despite the stain of scandal, mutual funds ended 2004 strong with major indicators showing that they outperformed hedge funds, which struggled for much of the year.

  • Yale Students Protest Hedge Fund Non-Disclosure Policies

    January 04, 2005

    A petition signed by an estimated 170 Yale students is asking the university's head of endowment to help change a policy of non-disclosure regarding hedge fund and private equity investments, PrivateEquityOnline reports.

  • Ex-NYMEX Head Launches Energy Hedge Fund

    January 03, 2005

    J. Robert Collins, who resigned as president of the New York Mercantile Exchange in June, has launched a new hedge fund that focuses on trading financial contracts linked to energy prices, Bloomberg News reports.

  • Merrill To Launch First Registered Hedge Fund

    January 03, 2005

    Merrill Lynch has announced plans to offer its first registered hedge fund.

  • NASD Awards Hedge Fund Manager $4.2M

    January 03, 2005

    An NASD arbitration panel has ordered First New York Securities to pay its former hedge fund manager Hilary Shane $4.2 million over charges that the company denied her a share of membership interests when she left First New York.

  • Unigestion Teams Up With Lyxor For Funds

    January 03, 2005

    Unigestion Asset Management is teaming up with Lyxor, a unit of Societe Generale, to roll out a group of single-strategy funds of hedge funds, according to Investment & Pensions Europe.

  • Van Attacks Hedge Fund Paper

    January 03, 2005

    George Van, chairman of the Van Companies, and v.p. Ziyihi Song, call a recent paper on the risk and returns of hedge funds flawed.

  • "If you have a credit event, several hedge funds may face systemic portfolio problems."

    December 23, 2004

    --Charles Gradante, managing principal of Hennessee Group, on the dangers of hedge funds writing naked credit default swaps.

  • 2004 Hedge Fund Retrospective

    December 23, 2004

  • ABN Amro Drops Partner For German Fund

    December 23, 2004

    ABN Amro Asset Management has ended its fund of funds partnership with German firm Feri Trust.

  • Ader To Beef Up Team

    December 23, 2004

    Hayground Cove Asset Management, the $800 million long/short equity fund founded by former Bear Stearns analyst Jason Ader, is seeking two long/short analysts and a comptroller.

  • Brisbane Fund Postpones Private Equity Plans

    December 23, 2004

    The AUD800 million Brisbane City Council Superannuation Plan will again look at making a first foray in private equity in six months after deciding in August not to invest.

  • Completed Searches Table

    December 23, 2004

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

  • European Markets Advance Slowly

    December 23, 2004

    Martin Theisinger, managing director and head of Germany for Schroder Investment Management, suggested that delays in the country might have a knock-on effect in other European countries.

  • Funds Increase Use Of Naked Default Swaps

    December 23, 2004

    Hedge funds are increasingly writing naked credit default swaps to juice their returns.

  • Funds of Funds Fret Possible U.K. Regs

    December 23, 2004

    The Financial Services Authority intends to make a preliminary statement in the coming months about the possibility of U.K. regulation, which could lead to hedge funds being made available to U.K. retail investors.

  • Funds Turn To Leverage

    December 23, 2004

    Hedge fund managers are relying on leverage in a low-return environment. Leverage has also increased because low rates make the cost of borrowing more attractive.

  • GAM To Offer Fund of Funds To Institutions

    December 23, 2004

    GAM is planning to roll out a feeder structure to entice institutional investors to invest in an existing $200 million fund of hedge funds portfolio in a bid to gain more assets from institutions.

  • German Mart Still In Flux

    December 23, 2004

    The creation of an onshore hedge fund market in Germany has been one of the biggest talking points within the alternative investment community in 2004.

  • Goldstein Files Suit Against SEC

    December 23, 2004

    Phillip Goldstein of hedge fund firm Opportunity Partners has filed his long-awaited legal challenge to the Securities and Exchange Commission's decision to require hedge funds to register as advisers.

  • Gotham Fund Beefs Up Team

    December 23, 2004

    New York-based EOS Partners is staffing up in the wake of a recent fund launch.

  • Gotham Macro Fund Suffers Losses

    December 23, 2004

    Quest Partners has been having a difficult time with its global macro fund, which is down 27% year-to-date through November.

  • Hall of Shame

    December 23, 2004

    In a year marked by the Securities and Exchange Commission's historic move to require registration, here are some of the industry's not-so-proud members who did their part to sound the alarm. From

  • Hedge Fund Barometer

    December 23, 2004

    This year had many ups and downs for players in the hedge fund industry.

  • IAM Recruits Analyst; Expects Further Hires

    December 23, 2004

    International Asset Management, the London-based fund of funds with $2 billion under management, has hired an analyst to focus on manager research and operational due diligence.

  • Illiquid Investments Gain In Popularity

    December 23, 2004

    High-profile hedge funds investing in illiquid securities began to dot the landscape this year.

  • Indices Take Off

    December 23, 2004

    This year saw the emergence of investable hedge fund indices as a viable alternative to traditional funds of funds.

  • London Firm Eyes U.S. Acquisitions

    December 23, 2004

    Integrated Asset Management, a London-based fund of funds with $600 million under management, is on the prowl for U.S. acquisitions.

  • M&A Activity May See Uptick

    December 23, 2004

    Hedge fund M&A activity is expected to increase next year as more firms seek to consolidate.

  • Management Fees Head North

    December 23, 2004

    Hedge fund base management fees rose this year despite less than stellar overall performance.

  • New Searches Table

    December 23, 2004

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

  • Plaze To Hedge Funds: Hold This!

    December 23, 2004

    Robert Plaze, associate director of the Securities and Exchange Commission's Division of Investment Management, told an industry gathering last week that the agency will not back down from its two-year hold provision for hedge funds that want to avoid registration--a provision hedge funds had been hoping to overturn.

  • Potential Searches Table

    December 23, 2004

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

  • Telluride Hires Millennium Trader

    December 23, 2004

    Telluride Asset Management, a Wayzata, Minn.-based start-up launched last year by Peter Hajas, a former partner at O'Connor & Associates, has added a trader from Millennium Partners.

  • U.K. Firm Plans U.S., Asia Offices

    December 23, 2004

    London-based MSS Capital, which manages over $300 million through its fund of funds platform linked to the FTSE Group's hedge fund index, is planning to open offices in the U.S. and Far East next year.

  • Western Firms Increase Asia Focus

    December 23, 2004

    European and U.S. hedge fund firms, including EIM Group and Julius Bär are seeking to capitalize on opportunities in Asia, leading to the creation of new marketing and research teams on the continent.

  • Zingers of the Year

    December 23, 2004


 

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