Stories

  • Aussie Hedge Fund Firm Suspended By Exchange

    January 27, 2005

    Australian investor Stephen Matthews seemed to have a good idea when he launched his Hedge Fund Patrol on New Zealand's Unlisted online platform, but his hopes were dashed just two days after the debut.

  • Canadian Hedge Funds Bite Back

    January 27, 2005

    After suffering the sting of Canadian banks urging greater regulatory oversight of hedge funds, hedge funds north of the border are hitting back by pointing out that the very banks that are complaining are also big fans of hedge funds.

  • EU To Debate Guidelines For Hedge Fund Regulation

    January 27, 2005

    The explosive growth of hedge funds has prompted the European Commission to debate proposed guidelines for the regulation of hedge funds.

  • Hedge Fund Giants Beat Industry Average

    January 27, 2005

    Some of the world's largest equity hedge funds—those with assets of more than $2 billion—enjoyed returns almost double the industry average last year.

  • Hedge Funds May Benefit From Change In New Mexico Law

    January 27, 2005

    Alternative investments such as hedge funds, private equity and real estate may be the big beneficiaries if new legislation in New Mexico is enacted.

  • Hedge Funds May Rush To Get Listed In Europe

    January 27, 2005

    Don't be surprised if a growing number of hedge funds start cropping up on European stock markets.

  • Hedge Funds Spike Rents In London

    January 27, 2005

    Apparently money is no object for hedge funds, when it comes to finding an office, and because of that, they are pushing the rents in London's Mayfair district—home to many investment firms—to sky-high levels.

  • Japan and Australia Hedge Funds Healthiest In Asia

    January 27, 2005

    Japan and Australia hedge funds produced the healthiest returns to investors in 2004.v While the Bank of Bermuda AsiaHedge Composite Index rose 6.5% last year, Australian long/shore funds soared 19.58% and Japan's were up 10.9%.

  • Lehman, HedgeFund.Net To Launch Indices

    January 27, 2005

    Lehman Brothers is teaming up with HedgeFund.Net to launch a series of hedge fund indices, which include both broad market benchmarks and various investable indices.

  • One-Third of Hedge Funds Charge Hefty Performance Fees

    January 27, 2005

    About one-third of alternative investment funds charge a performance fee above the industry wide 20% of net gains, according to Fitzrovia.

  • Property Hedge Fund Eyes Thailand, Malaysia

    January 27, 2005

    LIM Asia Alternative Real Estate Fund, Asia's first hedge fund offering devoted exclusively to property, likes to invest in Malaysia and Thailand.

  • Spain Mulling EUR100K Minimum Hedge Fund Investment

    January 27, 2005

    Spain is thinking about establishing a minimum investment of EUR100,000 for both institutional and retail investors.

  • German, French LSE Ownership Could Translate Into Tougher Regs

    January 26, 2005

    The London Stock Exchange's Alterative Investment Market (AIM) has been hailed as a success, and the companies quoted on it want to keep it that way—as long as the LSE's new owner doesn't introduce tougher regulations.

  • Hedge Funds Help Boost Risk-Professional Compensation

    January 26, 2005

    Hedge funds have helped contribute to the 9% rise in compensation for risk professionals, according to a study by Risk Talents Associates (RSA).

  • Hedge Funds Make A Splash In Second-Lien Market

    January 26, 2005

    Armed with a flood of cash, and eager to find new ways to generate returns that made them famous, hedge funds are becoming big players as lenders of second-lien debt to private equity firms.

  • London Hedge Fund Ups Fees For Top Performance

    January 26, 2005

    London-based hedge fund Cheyne Capital has started charging its customers higher fees when it performs exceptionally.

  • Pharmaceutical Consultant Says Hedge Flap Did Not End His Biz

    January 26, 2005

    Dr. Eric Topol, a well-known cardiologist and medical researcher, insists that report in Forbes magazine that he was a paid consultant for a hedge fund betting on a drop in share prices for Merck after the brouhaha erupted over the drug makers' drug Vioxx was not the only reason why he is ending his consulting business.

  • Private Equity Firms Lobby Against New Japanese Taxes

    January 26, 2005

    Ten private equity firms—including Carlyle Group and JP Morgan Partners—are lobbying against proposed tax changes that they claim will “tarnish Japan's reputation on global capital markets.”

  • Cadogan To Launch Registered Fund

    January 25, 2005

    Fund of funds firm Cadogan Management, which manages $1.4 billion, is prepping a registered fund as part of an effort to target more institutional assets.

  • BofA To Sell Fund-Linked Platform

    January 24, 2005

    Banc of America Securities is looking to sell its fund-linked structured products platform, which rivals described as the most successful in the U.S.

  • College Endowments Up Hedge Fund Allocations

    January 24, 2005

    College endowments have increased their allocations to hedge funds by an average 20%, according to the latest National Association of College and University Business Officers (NACUBO) Endowment Study.

  • Ex-CFTC Chair: Hedge Funds Should Choose Regulators

    January 24, 2005

    Unregistered hedge fund advisers should be free to choose which agency they want to register with, recommended Philip McBride Johnson, former chairman of the Commodity Futures Trading Commission.

  • Gartmore Launches First Asia Pacific Quant Fund

    January 24, 2005

    Gartmore Investment Management will launch its first single-strategy quantitative Asia Pacific hedge fund on Feb. 1.

  • GLG, Vega Top European Hedge Fund List

    January 24, 2005

    GLG Partners and Vega Asset Management topped the list of European single-manager hedge fund firms in Alpha magazine's second annual Europe Hedge Fund 25.

  • Hedge Funds Favor Morgan Stanley For Trade Execution

    January 24, 2005

    Hedge funds placed Morgan Stanley at the top of the list for execution of New York Stock Exchange- and NASDAQ-listed shares, according a recent survey conducted by Alpha magazine.

  • HFR Sets Up Shop In Tokyo; Eyes Hong Kong

    January 24, 2005

    Chicago-based hedge fund firm HFR Asset Management has opened a sales and client services office in Tokyo last month.

  • Hong Kong To Revamp Hedge Fund Reg

    January 24, 2005

    The Hong Kong Securities and Futures Commission will propose changes to its authorization and disclosure rules for hedge fund managers.

  • Late-Stage Investments Boost Venture Capital To $20.9B

    January 24, 2005

    A surge in late-stage investments has helped reverse a three-year slide, boosting venture capital investments to $20.9 billion, according to a MoneyTree survey.

  • Morgan Stanley Ranked Best By HF Managers

    January 24, 2005

    Morgan Stanley is tops among head traders at hedge fund managers.

  • New York City CFO To Open Private Equity Firm

    January 24, 2005

    Adam Blumenthal, first deputy comptroller and cfo for the New York City Office of the Comptroller, will resign on Jan. 28 to form a private equity firm.

  • SAC Nabs Another Big-Wig For Fixed-Income Fund

    January 24, 2005

    Sigma Capital Management, a New York subsidiary of hedge fund behemoth SAC Capital Advisors, has added another fixed-income big shot trader to its roster.

  • Survey Says Hedge Funds Taking Risk Management Seriously

    January 24, 2005

    Hedge funds appear to be taking risk management seriously, according to Plansponsor magazine's first-ever survey on the topic.

  • Tax Threats May Drive Hedge Funds From Hong Kong To Singapore

    January 24, 2005

    Observers say that if the Hong Kong government cannot convincingly explain its tax position on hedge funds, managers may consider taking their business elsewhere—such as Singapore.

  • Aetna Lands SEI Marketer For Fund of Funds

    January 21, 2005

    Aetna Capital Management, which oversees hedge fund investments for insurance giant Aetna Inc., recently hired Scott Trimble as managing director of business development. Trimble, who held a similar role at SEI Investments, joined the firm at the beginning of the month to help market its fund of funds.

  • Alliance Team Reunited At Lee Munder

    January 21, 2005

    Lee Munder Capital Group has hired Michael Marian, a portfolio manager and analyst from Alliance Capital Management, reuniting him with former Alliance officials Wayne Lyski and Tim Bicik.

  • As you can imagine, there's quite a strong demand for deodorant in Eastern Europe.

    January 21, 2005

    Jonathan Sharpe, portfolio manager of Gartmore Investment Management's AlphaGen Cepheus Fund, on why the fund is keen on a cosmetics company that does business in Eastern Europe.

  • Atlanta Firm Plans International Initiative

    January 21, 2005

    Atlanta-based AquaCapital has begun discussions with prominent families in Mexico, Taiwan, China, Hong Kong and Europe about creating offshore versions of its multi-strategy hedge fund.

  • Big Apple Manager Eyes Analysts, Makes Energy Plays

    January 21, 2005

    New York money management firm John A. Levin & Co. is looking to hire additional analysts for its Levco Debt Opportunity Fund.

  • Campbell Makes Equity Push

    January 21, 2005

    Managed futures and currency giant Campbell & Company is making a push into equity.

  • Canada Not Likely To Follow U.S. Hedge Fund Example

    January 21, 2005

    The Ontario Securities Commission (OSC) appears to be responding to calls from Canadian banks last week to keep closer tabs on the country's growing hedge fund industry.

  • Canadian Firm Expands To Offshore Markets

    January 21, 2005

    Abria Capital is embarking on a new distribution campaign that includes offshore concerns.

  • Completed Searches Table

    January 21, 2005

  • DeAM Absorbs Disbanded Hedge Fund Unit

    January 21, 2005

    Deutsche Asset Management has absorbed DB Advisors, the internal hedge fund unit of Deutsche Bank that was recently disbanded.

  • Distressed Funds Were Tops In ‘04

    January 21, 2005

    In a year when overall average hedge fund returns hovered around 8%, distressed-securities funds emerged as the clear winner in 2004, jumping 17.72%, according to Edhec, the Paris-based business school.

  • Former Goldman Distressed Honcho May Limit Monthly Inflows

    January 21, 2005

    Pirate Capital, the Norwalk, Conn.-based event-driven hedge fund firm founded by ex-Goldman Sachs distressed debt honcho Thomas Hudson, will likely look to limit monthly subscriptions for its Jolly Roger Fund.

  • Funds May Sacrifice Investment Strategy Leeway

    January 21, 2005

    Hedge fund advisers planning to register with the Securities and Exchange Commission should be prepared to sacrifice major portions of the flexibility for their investment allocation strategies.

  • Gartmore Makes Eastern Euro Play

    January 21, 2005

    The managers of Gartmore Investment Management's AlphaGen Cepheus Fund have their eyes on Eastern Europe.

  • Gotham Firm Hires Quartet

    January 21, 2005

    AM Investment Partners has hired an analyst, financial controller and two programmers.

  • Hedge Fund Broker To Add Analysts

    January 21, 2005

    Investec (US) Incorporated, a New York-based broker/dealer that caters to hedge funds, is looking to add several analysts.

  • Hedge Fund Vets Ready Event-Driven Fund

    January 21, 2005

    Executives from Sagamore Hill Capital Management and EagleRock Capital Management have formed Azura Capital Partners, a multi-strategy, event-driven hedge fund firm that will invest across the capital structure.

  • Hedge Funds Warm To Weather Derivatives

    January 21, 2005

    Hedge funds are increasingly looking to trade weather derivatives either as a non-correlated play or as an investment strategy.

  • HFR Takes Aim At Institutional Clients

    January 21, 2005

    HFR Asset Management is looking to broaden its client base, and is putting an emphasis on landing more pension, foundation and endowment clients.

  • IAM Sub Launches Long/Short Fund

    January 21, 2005

    London-based GAIM Advisors, the $220 million fund of funds subsidiary of Integrated Asset Management, has launched a global long/short equity fund of funds and is planning a global macro vehicle for later in the year.

  • Jacobson Outlines Criteria

    January 21, 2005

    London-based hedge fund firm Jacobson Fund Managers' soon to be launched Jacobson Fundamental Equity Fund will provide development capital to early stage U.K. ventures that have already proven their concept and have found themselves a couple of blue-chip customers.

  • Japanese Insurer May Make Maiden Fund of Funds Investment

    January 21, 2005

    Fukoku Mutual Life Insurance Co. in Tokyo, which invests approximately 1-2% of its $50 billion in total assets in alternatives, is considering investing in hedge funds of funds for the first time.

  • London Fund of Funds Drops Managers

    January 21, 2005

    Eden Rock Capital Management, a London-based fund of hedge funds firm with $320 million under management, has ditched two underlying managers from its $70 million Solid Rock Fund, which invests in niche and younger hedge funds.

  • Lyxor Delays German Wrappers

    January 21, 2005

    French behemoth Lyxor Asset Management is one of the latest firms to delay a hedge fund product for the German market because of regulatory concerns.

  • Mellon Eyes $1 Billion Mark

    January 21, 2005

    Mellon Global Alternative Investments is targeting significant asset growth this year, from $540 million up to $750 million-$1 billion.

  • New Jersey Pension OKs Plans To Move $9B In Alternatives

    January 21, 2005

    Despite protests from unions, New Jersey has given the green light for the state's pension plans to shift $9 billion of its $70 billion in assets from the stock market to alternative investments.

  • New Searches Table

    January 21, 2005

  • New York Firm Launches First Fund

    January 21, 2005

    New York-based Coronat Capital Management recently soft-launched the Coronat International Equity Fund, an international long/short equity fund that invests in listed non-U.S. equities.

  • Non-U.S. Firms Embrace Lock-Ups

    January 21, 2005

    Hedge fund firms outside the U.S. are starting to embrace what until now has been an American concept--lock-up provisions.

  • Philly Firm Launches Offshore Fund

    January 21, 2005

    Philadelphia-based NewMarket Capital Partners has launched an offshore multi-strategy fund of funds.

  • Potential Searches Table

    January 21, 2005

  • Q&A: The German Hedge Fund Market

    January 21, 2005

    New regulations last year creating an onshore hedge fund market in Germany have led to a number of firms developing funds of funds.

  • SAC Hires Compliance Chief

    January 21, 2005

    SAC Capital Advisors, the $4.5 billion hedge fund giant run by well known manager Steve Cohen, has hired Steven Kessler as its chief compliance officer.

  • San Francisco Firm Taps Analyst

    January 21, 2005

    Triatto Capital Management has hired Mark Cusumano as a partner and senior analyst.

  • Stock Price Tumbles As Homm Takes Short Position

    January 21, 2005

    When German hedge fund manager Florian Homm talks, investors apparently listen.

  • Syz Honcho To Set Up Shop

    January 21, 2005

    Tony Morrongiello, ceo of Swiss banking concern Syz & Co.'s fund of hedge funds division, 3A, will depart the firm next month to set up his own shop.

  • Treesdale Launches Fund

    January 21, 2005

    Treesdale Partners, a New York-based fund of funds focused on fixed-income strategies, is launching a leveraged version of its Treesdale Fixed Income Fund.

  • U.K. Hedge Funds Center of French Insider-Trading Probe

    January 21, 2005

    French regulator L'Autorité des marchés financiers is focusing on four London-based hedge funds that it alleges engaged in insider trading involving the 2002 sale of a convertible bond by Vivendi Universal SA.

  • Updated Searches Table

    January 21, 2005


 

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