Stories

  • Knight Teams Up With S3 To Offer Hedge Client Service

    January 21, 2005

    Knight Equity Markets has joined forces with S3 Asset Management to provide hedge fund clients with balance-sheet management products.

  • Onyx Launches First P.E. Real Estate Fund

    January 21, 2005

    Toronto-based Onex Corp. hopes to capitalize on the hot North American real estate market with its first private equity real estate fund.

  • Persian Gulf Private Equity Heats Ups

    January 21, 2005

    Private equity in the Persian Gulf is becoming more attractive, as Arab nationals look for local investment opportunities as they try to avoid scrutiny from foreign governments post-9/11 and average performance of some global stock markets, Dow Jones Newswires reports.

  • Quadriga Debuts Walk-In Boutique

    January 21, 2005

    Austria fund manager Quadriga Asset Management is breaking new ground by offering exclusive hedge-like funds to walk-in investors at its new center scheduled to open in March in Manhattan, the New York Sun reports.

  • Siemens Names Venture Capital CEO

    January 21, 2005

    Siemens AG has named Ralf Schnell president and ceo of Siemens Venture Capital.

  • Wisconsin Firm To Launch Hedge Fund

    January 21, 2005

    Fall River Capital plans to launch an offshore hedge fund by the end of March, according to HedgeWorld.

  • AGF Private Equity Raises Third Fund

    January 20, 2005

    AGF Private Equity Holding has held a first closing of its third fund of funds with EUR180 million.

  • Citigroup Teams With Arsago To Raise German Fund

    January 20, 2005

    Citigroup and Arsago Global Hedge Holding together have raised $78 million for a new German hedge fund, Arsago Global Macro-CI, according to Bloomberg News.

  • Former Wallenberg Staffers Launch Asia Ex-Japan Fund

    January 20, 2005

    The former head of the Wallenberg family office's Asian investment team along with other ex-staffers have launched an Asia ex-Japan equity long/short fund, according to Finance Asia.

  • Gabelli Names Alts Chief

    January 20, 2005

    Gabelli Asset Management has named 19-year company veteran Frederick Scholz as president of Gabelli & Partners its alternative investments arm.

  • Hatteras To Launch Two Funds

    January 20, 2005

    Hatteras Investment Partners expects to launch next month two funds with estimated total assets of $125 million, MAR/Hedge reports.

  • Increased M&A Activity Give Hedge Funds A Lift

    January 20, 2005

    Merger arbitrage hedge funds are expected to receive a major boost this year, thanks to a robust revival in merger and acquisition activity, CBS MarketWatch reports.

  • Korean Group Wants Gov’t To Tax Foreign Hedge Funds

    January 20, 2005

    Spec Watch Korea, a group formed last year to keep a watchful eye on foreign fund activities, is urging the Korean government to begin taxing foreign hedge funds, Yonhap News Service reports.

  • ABP Pours $5B Into Hedge Funds

    January 19, 2005

    Dutch pension fund Stichting Pensioenfonds ABP has allocated 2.5%--or $5 billion--of the total capital it manages into hedge funds, according to Handelsblatt.

  • Aetna To Offer Hedge Fund Service To Outside Clients

    January 19, 2005

    Aetna Capital Management, which handles hedge fund investments for the insurance giant, now will offer its services to institutional and high-net-worth clientele, according to the Hartford Courant.

  • Allfunds To Launch Alts Platform

    January 19, 2005

    Allfunds Bank, Spain's largest third-party distributor, is planning to team up with a European alternative investment manager in a bid to set-up a distribution platform dedicated to alternative investment products.

  • Barry Diller Family Office Buys A Piece Of Landmark Investors

    January 19, 2005

    Arrow Partners, the family office of Barry Diller and the von Furstenberg family, has acquired a minority stake in Landmark Investors

  • British P.E. Firms Struggle To Maintain Privacy

    January 19, 2005

    In the face of U.K.'s newly enacted Freedom of Information Act (FOIA), local private equity firms are struggling with issues of just how much to disclose, Financial Times reports.

  • Ex-Goldman Trio Launch $1.5B Hedge Fund

    January 19, 2005

    Three former executives of Goldman Sachs have launched Prisma Capital Partners, a hedge fund with $1.5 billion in assets.

  • Exodus Forces Deutsche To Close Internal Hedge Fund Unit

    January 19, 2005

    An exodus of hedge fund professionals has prompted Deutsche Bank AG to close DB Advisors, its internal hedge fund unit, according to Financial News.

  • Gartmore Readies Credit Hedge Fund

    January 19, 2005

    Gartmore Investment Management in London will launch a European investment-grade credit hedge fund in the second half of the year, according to Richard Hodges, head of European fixed income.

  • Hedge Funds Less Alternative, More Mainstream

    January 19, 2005

    Hedge funds are increasingly losing their “alternative” label, according to a report by Greenwich Associates, which noted several trends.

  • Hedge Funds May Be Forced To Show Their Hand

    January 19, 2005

    Hedge funds may lose one of their most prized attributes, secrecy, if a U.K. proposal to force market players to reveal their positions in listed companies goes ahead.

  • HFR, Dresdner Launch Certificate Linked To Hedge Fund

    January 19, 2005

    Dresdner Kleinwort Wasserstein and HFR Asset Management have launched a seven-year certificate aimed at giving German retail investors exposure to hedge funds, Reuters reports.

  • Roye Cautions Hedge Funds Against Outsourcing Compliance

    January 19, 2005

    Outsourcing compliance functions, especially policies and procedures and codes of ethics "can be problematic, even dangerous," according to Paul Roye, director of investment management at the Securities and Exchange Commission.

  • Taylors Ready Insurance Hedge Fund Index

    January 19, 2005

    The Taylor Companies is putting together an index that will track the performance of insurance-dedicated hedge funds.

  • Union Hires Hedge Funds

    January 19, 2005

    The $1.44 billion Service Employees International Union has hired InTrust Advisors and Mariner Investment Group to manage a combined $75 million in funds of hedge funds.

  • University To Increase Private Equity Exposure

    January 19, 2005

    The University of Pennsylvania plans to increase its 10% exposure to real estate, private equity and natural resources to 25% of its $3.9 billion endowment over the next five-to-seven years. The allocation with be funded out of public equity and bonds.

  • Wisconsin Alumni Fund To Discuss Alternatives Foray

    January 19, 2005

    Tom Weaver, hired as director of investments at the $1.4 billion Wisconsin Alumni Research Foundation on Jan. 12, plans to review the fund's 80% equity and 20% fixed-income portfolio to cut risk and improve returns.

  • Advent To Launch Multi-Strat Fund

    January 14, 2005

    Advent Capital Management, a $4 billion New York-based manager of hedge funds, mutual funds and separate accounts, is prepping a new multi-strategy hedge fund.

  • AIG Sub Plans Alts Effort

    January 14, 2005

    AIG Global Investment Group is laying the groundwork to build an ultra-high-net-worth effort. The plan is to leverage its diverse alternative investment platform, which includes global investments in real estate, hedge funds and private equity,

  • Arkansas Fund Plans Alternatives Foray

    January 14, 2005

    The $110 million Charles A. Frueauff Foundation in Little Rock, Ark., will make its first allocation to alternatives this year.

  • Auburn Eyes Hedge Funds

    January 14, 2005

    Auburn University's $160 million foundation has made its maiden foray into hedge funds and is looking for managers to fill the second half of its $32 million, 20% allocation.

  • Commonfund To Expand Alts Teams

    January 14, 2005

    Commonfund is looking to hire several analysts and investor relations professionals as it plans to expand its alternative investment teams.

  • Completed Searches Table

    January 14, 2005

  • Ex-JP Morgan Exec Lands At Stanfield

    January 14, 2005

    James Conzelman, head of consultant relations at JPMorgan Fleming Asset Management, has left to become a managing director at Stanfield Capital Partners, HedgeWorld.com reports.

  • Ex-Macquarie Directors Prep Fund

    January 14, 2005

    A high-profile group of four former Macquarie Bank directors, including Richard Pegum, have started their own firm, Bennelong Asset Management, and are preparing to launch a multi-strategy Asia/Pacific fund.

  • Fischers Launch Hedge Fund

    January 14, 2005

    Fischer & Co., a hedge fund of funds boutique that began as single-family office A.A. Fischer & Co., kicked off the new year with the launch of its third strategy.

  • Former CSFB Head Readies Funds

    January 14, 2005

    Stephen Stonefield, the former chairman of Credit Suisse First Boston Asia Pacific and member of the CSFB executive board, has christened Precise Asset Management, which is set to launch three long/short hedge funds focused on Asia.

  • Galleon Adds Managing Director

    January 14, 2005

    Long/short equity heavyweight The Galleon Group recently hired Ashwan Khanna to serve as a managing director.

  • Galleon To Hold Tsunami Benefit

    January 14, 2005

    Raj Rajaratnam, founder of The Galleon Group, will be holding a fund-raising event for Sri Lankan victims of the recent tsunami. Rajaratnam, who is from Sri Lanka, was visiting the country when the tsunami struck.

  • Gartmore Taps Healthcare Analyst

    January 14, 2005

    Gartmore Global Investments has hired Andrew Kauth as a healthcare equities analyst.

  • Goldman Star Trader Reportedly Launching Hedge Fund

    January 14, 2005

    Christian Siva-Jothy, co-head of Goldman Sachs' global foreign exchange prop desk in London, has recently left the firm and is reportedly planning to launch his own hedge fund.

  • JPMorgan Fleming Readies MBS Fund

    January 14, 2005

    JPMorgan Fleming Asset Management is planning to launch the JPMorgan Absolute Return Mortgage Fund, managed by Michael Pecoraro, cio of the fixed-income group.

  • Kellner DiLeo Hires Alliance High Yield Official

    January 14, 2005

    Kellner DiLeo Cohen & Co. has hired Katalin Kutasi, director of high yield, distressed and private securities research at Alliance Capital Management, to be a manager of distressed and high yield portfolios.

  • Lansdowne Readies Multi-Strategy Fund

    January 14, 2005

    U.K. hedge fund colossus Lansdowne Partners is gearing up to launch a multi-strategy fund in the middle of the year.

  • Local Authority Makes First Alts Allocation

    January 14, 2005

    The £770 million Bedfordshire County Council Pension Fund has earmarked £150 million for its first investment in alternatives.

  • London Firm Adds Structured Finance Counsel

    January 14, 2005

    London-based asset manager Cairn Capital has hired James Starky, a veteran of the European structured finance legal scene, as chief legal officer.

  • London Start-Up Eyes Growth, Indian Office

    January 14, 2005

    Amplitude Capital, a London-based start-up hedge fund firm that is preparing to launch a managed futures vehicle, has made a clutch of quantitative research hires and is making plans for a further headcount increase.

  • New Mexico funds Propose Legislation To Invest In Hedge Funds

    January 14, 2005

    New Mexico's three biggest public funds could see restrictions to their asset allocations--that include prohibitions against investing in hedge funds--lifted if legislation to be jointly proposed by the $10 billion New Mexico Public Employees Retirement Association and the $7.2 billion New Mexico Educational Retirement Board is approved.

  • New Searches Table

    January 14, 2005

  • New York Firm To Roll Out Volatility Fund

    January 14, 2005

    Titan Capital Group, a New York-based hedge fund firm, is planning to launch a new volatility arbitrage fund.

  • Oklahoma Gears Up For Study; Entertains Alternatives

    January 14, 2005

    The $5.8 billion Oklahoma Public Employees Retirement System will begin an asset allocation study during the first half of this year and will consider investing in alternatives.

  • Panel Pushes European Hedge Fund Regs

    January 14, 2005

    A Committee of European Securities Regulators panel has concluded there is a need for pan-European hedge fund regulation.

  • Phoenix Fund Mulls Commodities, Private Equity

    January 14, 2005

    The $165 million Flinn Foundation in Phoenix is keeping an eye on private equity and venture capital opportunities and will discuss adding commodities to its inflation-hedging portfolio bracket over the course of this year.

  • Potential Searches Table

    January 14, 2005

  • RMB Hires Senior Analyst

    January 14, 2005

    RMB International, the fund management arm of Rand Merchant Bank, has filled the first of two spots on its hedge fund of funds research team by hiring a senior analyst.

  • SAC Manager Departs

    January 14, 2005

    A portfolio manager with hedge fund giant SAC Capital Advisors recently left and is said to be starting his own firm. Gianluca De Berardinis left

  • Schroders Plans Fund of Funds Launches

    January 14, 2005

    Schroder Investment Management is planning to launch several new funds of hedge funds this year.

  • South Africa Pensions Mulling Hedge Funds

    January 14, 2005

    For the first time, pension funds in South Africa are considering investments in hedge funds, according to MoneyWeb.

  • Traders Blame Hedge Funds For Spike In Oil Price

    January 14, 2005

    Crude oil futures have jumped 14% since the beginning of the year, and now traders are saying hedge funds helped pump up the price, according to the Associated Press.

  • U.K. Firm Looks To Double Assets

    January 14, 2005

    London-based Harmonic Capital Partners, which manages $320 million across three hedge fund vehicles, is expecting to significantly increase its assets this year.

  • U.K. Start-Up To Launch Financials Fund

    January 14, 2005

    London-based hedge fund start-up KI Asset Management will launch a sector-specific financials fund on Feb. 1.

  • Updated Searches

    January 14, 2005

  • VC Group Names Director of Investment Operations

    January 14, 2005

    Scottish Equity Partner has named Gary Le Sueur as its first director of investment operations.

  • We call him our in-house Eliot [Spitzer].

    January 14, 2005

    Stephen Stonefield, head honcho of Precise Asset Management, on his colleague David Gong, who previously worked for the Securities and Exchange Commission's enforcement division.


 

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