Stories

  • Azura Hires EagleRock Analyst

    February 14, 2005

    Azura Capital, the event-driven hedge fund run by industry veterans Peter Lupoff and Mark May, has hired Brian Cohen, a former analyst at EagleRock Capital Management.

  • Brevan Howard Hires Morgan Stanley Trader

    February 14, 2005

    Filippo Cipriani, executive director and head of local markets currency trading at Morgan Stanley in New York, plans to join London-based hedge fund giant Brevan Howard Asset Management.

  • Calif. Plan Wrapping Up Alternatives Education

    February 14, 2005

    The $1.15 billion Stanislaus County (Calif.) Employees Retirement Association will wrap up its education on real estate at its Feb. 26 board meeting and could discuss investing in private equity, hedge funds or real estate during an annual strategic planning session in the fall that will examine all investments.

  • Danish Fund Holds Off On Hedge Funds

    February 14, 2005

    AP Pension, with approximately DKK20 billion in assets, has decided to shelve its plans to invest in hedge funds and private equity via single-manager funds and funds of funds because fees are too high and "it is difficult to see the returns right away," said Jan Samsø, cio in Copenhagen.

  • Duluth Weighs Alternatives

    February 14, 2005

    The $300 million Duluth (Minn.) Teachers Retirement Fund Association began examining alternatives again at its Feb. 9 board meeting to assess whether alternatives fit into its portfolio.

  • Hedge Fund Association Launches Mentoring Panels

    February 14, 2005

    The Hedge Fund Association, a not-for-profit association of hedge fund managers, service providers, and investors, has launched mentoring panels to help educate its members on a number of key issues, including compliance.

  • Local Authority Appoints Private Equity Managers

    February 14, 2005

    Unigestion Asset Management and Invesco Asset Management have each won private equity fund-of-funds mandates worth GBP5 million from the London Borough of Hammersmith and Fulham Pension Fund.

  • London Firm Hits On Matched Debt Equity Trade

    February 14, 2005

    Eriswell Capital has traded a novel debt against equity structure which has caught the eye of several market makers because it offers a natural hedge for their correlation books.

  • London Scheme Shuns Hedge Funds

    February 14, 2005

    The London Borough of Ealing Pension Fund has decided against making a maiden allocation to hedge funds of funds for now, after its investment panel decided that there was no urgent need to diversify as returns have been satisfactory.

  • Lone Star Hedge Fund Kicks Up Energy

    February 14, 2005

    2003 Houston Energy Partners is looking to grow a $44 million long/short energy hedge fund over the next year by about $160 million on a steady diet of distressed power utilities and undervalued energy businesses.

  • Mass. Plan Eyes Private Equity

    February 14, 2005

    The $180 million Lowell (Mass.) Retirement System is searching for real estate and private equity managers; proposals for both mandates are due Feb. 28.

  • N.H. Fund Selects Hedge Funds

    February 14, 2005

    The $100 million Manchester (N.H.) Employees Contributory Retirement System recently completed maiden investments in two funds of hedge funds.

  • New Venture Chosen To Oversee Ohio VC Program

    February 14, 2005

    The Ohio Venture Capital Authority has named Buckeye Venture Partners as the program administrator of The Ohio Capital Fund.

  • OPERS To Issue Hedge Fund RFP

    February 14, 2005

    The $64.5 billion Ohio Public Employees Retirement System will issue an RFP on March 1 for two or three hedge fund managers to handle a total of $25-50 million.

  • Private Equity Firm Recruiting

    February 14, 2005

    Capital Dynamics is recruiting to fill 10 positions globally, including two or three investment staff at managing director level to be based in New York.

  • Bear Stearns Structured Products Pro Leaves To Launch Fund

    February 11, 2005

    Kevin Robik, head of structured equity products for Bear Stearns, has left the firm to launch his own hedge fund.

  • BlueMountain Grows Investment Team

    February 11, 2005

    BlueMountain Capital Management, which manages a relative-value corporate credit fund with approximately $2.6 billion in assets, has hired four investment professionals.

  • Building Society Pension Shelves Hedge Funds

    February 11, 2005

    The £400 million Bradford & Bingley Building Society Staff Pension Scheme has decided not to invest in hedge funds following an asset-liability study, but might reconsider at a later date.

  • Calif. Firm Launches Rare Coin Fund

    February 11, 2005

    Certified Asset Management is preparing to launch the Rare Coin Alliance Fund III.

  • Citadel Considers Alternatives Foray

    February 11, 2005

    The $135 million Citadel Foundation in Charleston, S.C., will consider a maiden allocation to alternatives this year.

  • Citi Rounds Out Marketing Team

    February 11, 2005

    Citigroup Alternative Investments has hired a head of marketing and client research.

  • Citi Targets European Family Offices, Pension Funds

    February 11, 2005

    Citigroup Alternative Investments, which manages $92 billion, is making its first significant push to market hedge funds and other alternatives to European family offices and pension funds.

  • Completed Searches Table

    February 11, 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.

  • DKR Makes Natural Resource Push

    February 11, 2005

    Hedge fund titan DKR Capital has created a new natural resource team and will launch a fund focusing on the strategy in the next few months.

  • Ex-Goldman Traders Set Up Shop In London

    February 11, 2005

    Silver Point Capital, a U.S. diversified credit hedge fund firm founded by ex-Goldman Sachs debt traders Robert O'Shea and Edward Mulé in 2002, is in the process of setting up an office in London.

  • Former FrontPoint Official Opens Fund To Public

    February 11, 2005

    Jeffrey Maillet, one of the earliest players in the institutional loan market who was also previously with hedge fund firm FrontPoint Partners, has opened his hedge fund to outside investors for the first time.

  • FRM Makes Asian Push

    February 11, 2005

    London fund of funds mammoth Financial Risk Management is planning to increase its Asian business.

  • Gotham Firm Lands Senior Analyst

    February 11, 2005

    New York-based Halycon Asset Management has hired a senior v.p. to analyze event-driven investment opportunities.

  • Gottex Mulls Fund With Longer Lock-Up

    February 11, 2005

    Gottex Fund Management, the Swiss fund of funds firm with approximately $5 billion under management, is considering developing a fund of funds with a long lock-up provision.

  • Hedge Fund Officials Party In Florida

    February 11, 2005

    The Managed Funds Association kicked off its Network 2005 event in sunny Key Biscayne, Fla., last week with a slew of activities for delegates.

  • Hedge Funds Seen Mimicking Private Equity

    February 11, 2005

    Hedge fund managers are increasingly setting up funds to mirror private equity.

  • HSBC Eyes Emerging Markets, Tech Funds

    February 11, 2005

    HSBC's single-manager hedge fund arm, HSBC Alternative Investments Limited, is making plans for two new funds.

  • ING Touts Funds of Funds

    February 11, 2005

    ING Investment Management Americas has just started talking to U.S. consultants about its funds of hedge funds.

  • Institutions Increase Appetite For Managed Futures

    February 11, 2005

    More institutional investors are making allocations to managed futures funds.

  • John Henry Eyes Increased Currency Plays

    February 11, 2005

    Managed futures hedge fund firm John W. Henry & Company is likely to build out its currency-only products.

  • MassPRIM Weighs First Single-Manager Hedge Fund Investment

    February 11, 2005

    The $36 billion Massachusetts Pension Reserves Investment Management Board intends to review whether to invest in single-manager hedge funds for the first time.

  • MCM Loses With Insurance Stock

    February 11, 2005

    New York-based MCM Associates had a rough January, as its Mission Partners fund was down -5.1%, largely due to a 3% loss in an insurance stock.

  • MFA Conference Photo Gallery

    February 11, 2005

  • MFA Supports SEC-CFTC Exemptions

    February 11, 2005

    The Managed Funds Association is doing its part to help the Securities and Exchange Commission and Commodities Futures Trading Commission clarify which funds won't need to register with both agencies.

  • Morgan Stanley AIP Hires Commonfund Portfolio Manager

    February 11, 2005

    Morgan Stanley Alternative Investments has hired Rick Papetti, who oversaw portfolio management of the $2.5 billion hedge fund of funds division at Commonfund Asset Management.

  • Platinum To Close Fund

    February 11, 2005

    London-based manager Platinum Capital Management will close its fixed-income, short-term interest rate arbitrage fund, Platinum Premier, at the end of March.

  • Potential Searches Table

    February 11, 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.

  • RMB Launches Diversified Fund Of Funds

    February 11, 2005

    RMB MultiManagers, the fund management arm of Rand Merchant Bank, has launched a new fund of hedge funds designed to combine the advantages of two existing vehicles.

  • Sal. Oppenheim Plans U.S. Fund

    February 11, 2005

    German private bank Sal. Oppenheim is planning to launch two multi-strategy funds, one of which will be domiciled in the United States.

  • Seen & Heard

    February 11, 2005

    EASILY PLEASED: Standing in line waiting for drinks at the Super Bowl party, one hedge fund professional was impressed by the liquor selection.

  • Spyglass Hedges Inverse IOs

    February 11, 2005

    Naples, Fla.-based mortgage-backed securities hedge fund firm Spyglass Capital is hedging its inverse interest only (IO) positions against the possibility of a flattening U.S. Treasury yield curve.

  • TGM Readies Offshore Directional Fund

    February 11, 2005

    London- and Brisbane-based Tactical Global Management, with $1.3 billion under management, is preparing to launch an offshore version of its directional global macro hedge fund to target investors outside Australia.

  • Updated Searches Table

    February 11, 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.

  • We don't want to kill the golden goose.

    February 11, 2005

    Craig Reeves, managing director at Platinum Capital Management, on the firm's concerns about its fund becoming to large.

  • Weyerhaeuser's Look To Special Situation Private Equity

    February 11, 2005

    Fiduciary Counselling, which represents family members of timber dynasty Weyerhaeuser, will look to the private equity market this year to boost returns.


 

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?

 - 17%
 - 83%

View previous results