Stories

  • '$1B Club' Controls Half Of Industry

    February 10, 2005

    Fund of funds with over $1 billion in assets now account for more than half of the trillion-dollar hedge fund industry, according to InvestHedge.

  • Bond Expert To Launch Debt, Equity Fund

    February 10, 2005

    Former FrontPoint partner Jeffrey Maillet, a high-yield bond market veteran, is using his talent and experience to launch a multi-strategy hedge fund that will trade corporate debt and equity.

  • CalPERS Warns PE Market Heading For Trouble

    February 10, 2005

    California Public Employees' Retirement System (CalPERS), the U.S.' largest pension fund--which has $20 billion of its $175 billion in private equity--says the p.e. market could be heading for trouble as hedge funds in search of higher returns, pour more money into the sector.

  • Canadian Regulators Suspend Hedge Fund

    February 10, 2005

    First Canadian regulators suspended Portus Alternate Asset Management from signing on new customers for two weeks until a hearing over its marketing practices, and now the Toronto-based firm has dropped a bombshell: Clients can't withdraw their money.

  • FTSE Down In January

    February 10, 2005

    Hot on the heels of announcements from Van and Hennessee indices of declines in January comes word that the FTSE Hedge Index fell -0.6% last month.

  • Move Over, Man: UBS Is Tops

    February 10, 2005

    The mighty has fallen—to second place.

  • Asian Hedge Funds 2004: Bigger Was Better

    February 09, 2005

    Industry experts would tell you that hedge funds perform best when they're relatively small and managers are highly motivated, usually in the first couple of years of operation.

  • First Two Funds Aimed At Art Investors To Debut In U.S.

    February 09, 2005

    Fernwood Art Investments will debut the first two funds aimed at art investors in the U.S. in the second quarter.

  • Man Group Launches Bond Based On Hedge Fund Returns

    February 09, 2005

    Hedge giant Man Group has launched a capital-guaranteed bond based on the returns of its flagship offering, the managed futures hedge fund AHL.

  • More Voices Shift Gas Price Woes Away From Hedge Funds

    February 09, 2005

    The Commodity Futures Trading Commission and the New York Mercantile Exchange have joined the Federal Energy Regulatory Commission in saying hedge funds are not to blame for high natural-gas prices.

  • Ontario Agency Slow To Act On Fast-Growing Hedge Fund

    February 09, 2005

    Last week, the Ontario Securities Commission (OSC) along with seven other provincial Canadian regulators temporarily banned Portus Alternative Asset Management from taking on new clients while it investigates the hedge fund's marketing practices.

  • Capital Dynamic, Wesport To Become $5.25B P.E. Firm

    February 08, 2005

    Capital Dynamics has agreed to acquire Wesport Private Equity from Man Group in a deal that will make the combined entities one of the world's largest private equity firms with more than $5.25 billion in assets under management and over 250 managers worldwide.

  • Europe: To Regulate Or Not To Regulate?

    February 08, 2005

    The verbal battle over hedge fund registration in Europe is shaping up.

  • In India, Banks Are Out-Hedging Hedge Funds

    February 08, 2005

    Banks in India are exiting stocks so quickly that they are making hedge funds look like long-term investments, the Business Standard reports.

  • South Africa To Start Licensing Hedge Funds

    February 08, 2005

    Within the next 12 months, hedge funds in South Africa will be required to register.

  • Merrill To Launch Hedge-Fund Like Fund For Star Manager

    February 07, 2005

    Merrill Lynch plans to rollout a hedge fund-style absolute return fund to be run by superstar U.K. equity manager Mark Lyttleton, Citywire reports.

  • Perry Officials Pursue Own Hedge Fund

    February 07, 2005

    Perry Partners has lost three of its top staff members to the lure of starting their own hedge fund.

  • Schroder Venture Unit Changes Name

    February 07, 2005

    As a mark of its new independence from Schroders plc, the company's former venture capital unit has changed its name from Schroder Ventures US to SV Investment Partners, AltAsset reports. The

  • Texas P.E Firm Hires European Portfolio Manager

    February 07, 2005

    Texas Pacific has named Vincenzo Morelli to run its European portfolio, according Financial News.

  • "He's trained me [in etiquette]. I find I'm being benchmarked to the Queen."

    February 04, 2005

    --Randall Dillard, a partner at Liongate Capital Management, on his butler, Graham, who was trained at Buckingham Palace as a groom to Queen Elizabeth II.

  • Canadian Firm Launches Offshore Fund

    February 04, 2005

    Canadian hedge fund firm BluMont Capital has launched an offshore version of its long/short fund, which invests almost entirely in Canada-listed equities.

  • Completed Searches Table

    February 04, 2005

  • Gartmore Boosts Global Institutional, Alternatives Team

    February 04, 2005

    Gartmore Investment Management has created two new roles in its rapidly-growing global institutional and alternative investments business headed by Charles Beazley, spanning the U.S., Europe and Japan.

  • Harcourt Launches Offshore Fund of Funds

    February 04, 2005

    Zurich-based Harcourt Investment Consulting, which manages $2.4 billion, has launched an offshore fund of funds.

  • Ivy Seeks Hires For Nascent Tokyo Office

    February 04, 2005

    Fund of funds giant Ivy Asset Management is looking to hire several officials to staff its new office in Tokyo.

  • Japanese Manager Adds Hedge Funds

    February 04, 2005

    Mitsui Sumitomo Asset Management in Tokyo, which is one of the biggest asset managers in alternative assets in Japan, is expanding its hedge fund lineup.

  • Liongate Capital Management, London

    February 04, 2005

    Situated at 23 Great Pulteney Street, Liongate Capital Management's haunt has been designed to reflect both the old and new, combining 18th century interiors and stunning antiques with the technology required to run the firm's multi-strategy fund of funds.

  • New Searches Table

    February 04, 2005

  • Potential Searches Table

    February 04, 2005

    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, Cannon Hersey at (212) 224-3648, Jennifer McCandless at (212) 224-3615 and Robert Murray at 44 (0)207 303 1705 or fax (212) 224-3939.

  • Quebec University Boosts Hedge Fund Exposure

    February 04, 2005

    The Régime de Retraite de L'Université du Quebec will by the end of the month increase its exposure to hedge funds to 6% from 1%, and hire its second fund of funds manager to handle C$80 million.

  • Sprott Considers Energy Fund

    February 04, 2005

    Sprott Asset Management, one of the largest players in the Canadian hedge fund space, is considering developing an energy long/short fund.

  • U.K. Firm Seeks Marketers

    February 04, 2005

    London-based MSS Capital, which manages over $300 million through a fund of funds platform linked to the FTSE Group's hedge fund index, is planning to hire additional marketers.

  • Updated Searches Table

    February 04, 2005

  • Barclays Prime Brokerage Hires Marketing Chief

    February 03, 2005

    Barclays Capital, the investment banking division of Barclays Bank, recently hired Pari Lake as a director for its prime brokerage team.

  • Baring Readies First Japanese Hedge Fund

    February 03, 2005

    Baring Asset Management is preparing to launch a Japanese long/short fund in the next three months. "We see a lot of potential for the Japanese market.

  • Colorado Firm Preps Fund

    February 03, 2005

    The Agile Group is preparing a single-manager hedge fund that is slated to be launched in the fourth quarter.

  • Conn. Firm Seeks Analyst

    February 03, 2005

    South Port, Conn.-based Pemi Partners is seeking a junior analyst or portfolio assistant to handle growth over what may be a tough investing climate.

  • Consultants Discuss Due Diligence

    February 03, 2005

    As institutional investors increase their allocations to hedge funds, due diligence is becoming more of a concern.

  • DB Advisors Manager Launches Fund

    February 03, 2005

    Amir Shaked, a portfolio manager with Deutsche Bank's DB Advisors unit, is starting his own firm and is prepping a long/short equity fund.

  • Glocap Official To Start Own Firm

    February 03, 2005

    Claude Schwab, managing director of hedge fund executive search firm Glocap Search, left early last month to start his own hedge fund service firm.

  • HSBC Eyes Canadian Hedge Funds

    February 03, 2005

    HSBC's fund of hedge funds arm, HSBC Republic Investments Limited, is actively monitoring Canadian hedge fund managers and might look to invest at a later date.

  • Kansas Health System Mulls Private Equity

    February 03, 2005

    The $1 billion-plus Sisters of Charity of Leavenworth Health System in Lenexa, Kan., will consider a maiden allocation to private equity when the finance board meets this spring.

  • Kingdon Snags Andor Counsel

    February 03, 2005

    Kingdon Capital Management, the $3 billion firm run by well-known manager Mark Kingdon, has hired Alfred Barbagallo as its in-house general counsel.

  • Lawyers Spot Registration Loopholes

    February 03, 2005

    Hedge funds torn with the unappetizing choice of registering with the Securities and Exchange Commission by February 2006 or talking their clients into a two-year lockup are casting around for other loopholes.

  • Liongate Opens Fund of Funds

    February 03, 2005

    London-based firm Liongate Capital Management has opened its multi-strategy fund of funds to new investors for the first time since launching the vehicle last April.

  • LongChamp Reels In Analyst

    February 03, 2005

    Fund of funds firm LongChamp Group has hired an analyst focused on equity strategies and distressed corporate credits.

  • Managed Futures Players Skidded In January

    February 03, 2005

    A number of hedge funds trading managed futures strategies have begun the year on the back foot, suffering significant losses in January.

  • Merger Arb Funds Nibble At P&G, SBC Deals

    February 03, 2005

    Hedge funds employing merger arbitrage strategies are taking only small exposure to two big deals that have recently been announced.

  • Pharmaceutical Scheme Shelves Hedge Fund Plan

    February 03, 2005

    The Aventis Pharma Pension Fund has shelved its plans to make a first foray into hedge funds as it is uncomfortable with the lock-up periods many hedge funds impose.

  • Pirate Capital Taps Icahn Analyst

    February 03, 2005

    Norwalk, Conn.-based Pirate Capital has hired a pair of analysts, including one from Icahn Associates.

  • REFCO Hires National Sales Manager

    February 03, 2005

    REFCO Alternative Investments has hired a new national sales manager and aims to attract more institutional investors and increase its national marketing footprint.

  • SAC Managers Prep Funds

    February 03, 2005

    Two portfolio managers at hedge fund titan SAC Capital Advisors, which is run by well-known manager Steve Cohen, are leaving to start their own firms.

  • Strong Q4 Boosts Hedge Fund Assets

    February 03, 2005

    Hedge funds attracted $73.6 billion in net inflows during 2004 and assets under management increased by over $152 billion to $972.6 billion, according to a study by Hedge Fund Research, the research arm of HFR Group. Strong Q4 Boosts Hedge Fund Assets

  • Uniastrum Pioneers Structured Products For Russia

    February 03, 2005

    Uniastrum Capital, the London-based hedge fund affiliate of Uniastrum Bank in Russia, has launched among the first capital-protected notes linked to derivatives for the Russian market.


 

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