Stories

  • "It is time for you to step down from your role as ceo and director so that you can do what you do best: retreat to your waterfront mansion in the Hamptons where you can play tennis and hobnob with your fellow socialites."

    February 18, 2005

    Dan Loeb, partner of Third Point Management Company, calling for the ouster of Irik Sevin, ceo, president and chairman of Star Gas Partners.

  • Aladdin Readies CDOs

    February 18, 2005

    Aladdin Capital Management, which manages $3 billion in hedge funds and collateralized debt obligations, is increasing its presence in the structured credit markets.

  • AXA Eyes New Private Equity Fund of Funds

    February 18, 2005

    AXA Private Equity is planning to launch a new private equity fund of funds later this year. It is likely to be launched in the second half, said Sylvie Deneubourg, spokeswoman in Paris.

  • Blackstone Taps Morgan Stanley Prime Brokerage Official

    February 18, 2005

    Blackstone Alternative Asset Management has hired Vineet Kapur, a v.p. in Morgan Stanley's prime brokerage unit, as a managing director.

  • Canadian Firm Creates New Structured Product

    February 18, 2005

    Toronto-based Abria Financial has launched a new principal-protected structured product that provides investors exposure to the Abria Alternative Strategies Fund, a fund of funds.

  • Citi Plans German Alternatives Debut

    February 18, 2005

    Citigroup Alternative Investments is planning to develop its first range of alternatives products for the onshore German market and hopes to launch its first funds in the summer.

  • Completed Searches Table

    February 18, 2005

  • Cougar Launches Turkish Fund

    February 18, 2005

    Cougar Asset Management, a Malta-based firm founded by former JPMorgan Chase emerging markets proprietary trader Semih Tavli, has launched one of the first hedge funds focused exclusively on Turkey.

  • Deerfield Readies Clutch of CDOs

    February 18, 2005

    Deerfield Capital Management is planning to roll out five collateralized debt obligations this year.

  • FRM Grows American Biz

    February 18, 2005

    London-based fund of funds giant Financial Risk Management, which manages $13.5 billion, has made progress towards its goal of building a presence in the U.S. market.

  • FX Concepts Rolls Out Volatility Fund

    February 18, 2005

    New York-based currency manager FX Concepts has launched a new fund based on its FX Volatility Program.

  • Hedge Funds Advised To Clean Up Vocabulary

    February 18, 2005

    Hedge fund advisers, required to register with the Securities and Exchange Commission by next Feb. 1, need to clean up their "hedge fund speak," the loose manner in which they discuss everything from performance numbers to investment strategies.

  • John Levin Makes Mirant, Owens Corning Plays

    February 18, 2005

    New York money management firm John A. Levin & Co.'s Levco Debt Opportunity Fund was up 0.05% last month and had exposure to energy concern Mirant Corporation and Owens Corning.

  • King Street Makes Power Play

    February 18, 2005

    Hedge fund titan King Street Capital Management's King Street Capital, LP, fund is set up to score big in an energy play through investments in bankrupt companies--National Energy & Gas Transmission (NEGT) and its subsidiary USGen New England.

  • Loeb Calls For CEOs' Heads

    February 18, 2005

    Dan Loeb, the outspoken partner of Third Point Management Company, is calling for the resignation of CEOs from two companies his hedge fund has stakes in.

  • Naissance Bets On Healthcare M&A, Insurers

    February 18, 2005

    Swiss hedge fund firm Naissance Capital has decided to diversify its Naissance Healthcare Fund away from a focus on generic drug manufacturers by investing in mergers and acquisitions, and U.S. insurers.

  • New Jersey Firm Launches First Fund

    February 18, 2005

    Saddle River Capital Management has made its initial foray into hedge funds and has launched the Exchange Traded Fund Strategy Fund.

  • New Searches Table

    February 18, 2005

  • Oracle Partner To Launch Fund

    February 18, 2005

    Oded Levy, a partner and co-manager at long/short healthcare hedge fund firm Oracle Partners, has left the firm and formed Kaia Investment Management. Levy plans to launch the Kaia Global Special Situations Fund by the end of the second quarter.

  • Paulson Hires Biz Development Manager

    February 18, 2005

    The $3.7 billion merger arbitrage giant Paulson & Co. has hired Philipp Levy as managing director of business development.

  • Potential Searches Table

    February 18, 2005

  • RBC Expands Prime Brokerage Service To U.S.

    February 18, 2005

    Royal Bank of Canada, which operates Canada's largest prime brokerage service, has expanded its U.S. operations to include hedge fund servicing.

  • Roye Warns Hedge Funds Over Lock-Up Loophole

    February 18, 2005

    The Securities and Exchange Commission will not hesitate to tighten up its new hedge fund rule to prevent hedge funds from using loopholes to avoid registration under the Investment Advisers Act.

  • Sagitta Drops Hedge Fund Plans

    February 18, 2005

    London-based fund manager Sagitta Asset Management, which manages $1.4 billion, has ditched plans to launch a European long/short mid-cap hedge fund.

  • TGM Mulls Sector Funds

    February 18, 2005

    London- and Brisbane-based Tactical Global Management, which manages $1.3 billion, is considering developing new sector-based global macro products and will also look to grow its investment team opportunistically.

  • Unigestion Plans German Fund Launch

    February 18, 2005

    Alternatives specialist Unigestion plans to launch a private equity fund of funds in July, exclusively targeting German institutional investors.

  • Updated Searches Table

    February 18, 2005

  • Vega Brings Communications In-House

    February 18, 2005

    Nomos Capital Partners, the third-party marketing firm run by Mark Lowe that has a longstanding relationship with Vega Asset Management, will no longer be sending out investor communiqués for the hedge fund mammoth.


 

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