Stories

  • BarCap Hires JPMorgan Hedge Fund Pro

    February 28, 2005

    Barclays Capital has hired Laurent Ichard, head of equity derivatives sales to hedge funds at JPMorgan in London.

  • CFOs Seen Taking Compliance Reins At Small Hedge Funds

    February 28, 2005

    Small hedge fund firms who assign chief compliance officer duties to an existing employee typically choose the chief financial officer, according to hedge fund lawyers and consultants.

  • Chicago Teachers' Fund Seeks Private Equity Managers

    February 28, 2005

    The $10.7 billion Public School Teachers' Pension and Retirement Fund of Chicago is searching for two private equity managers to handle $5 million apiece.

  • Earlham To Search For Private Equity

    February 28, 2005

    Earlham College's investment committee is gearing up to start searching for private equity and venture capital opportunities in its drive to raise its alternatives allocation to 20% from 14%.

  • Ohio 911 Likely To Search For Hedge Funds

    February 28, 2005

    The board of the $9.6 billion Ohio Police & Fire Pension Fund is likely to issue an RFP sometime this year for a fund of hedge funds manager to handle $300-350 million, said Dave Graham, spokesman.

  • Oregon Adds Private Equity Managers

    February 28, 2005

    The $8.8 billion Oregon Public Employees Retirement Fund selected three private equity managers at its Feb. 23 board meeting to handle $500 million.

  • Seattle To Add Hedge Fund Managers

    February 28, 2005

    The $1.6 billion Seattle City Employees Retirement System is searching for a fund of hedge fund manager to handle approximately $20 million.

  • At 20 bucks it was a bang-me-upside-the-head idea.

    February 25, 2005

    David Eigen, managing partner of Post Road Capital Management, on his purchase of Consolidated Tomoka Land Co. shares.

  • AXA Plans Early Secondary Fund

    February 25, 2005

    AXA Private Equity is planning to role out an early secondary fund of funds that invests in funds which are 20-50% invested.

  • Beantown Firm To Launch Funds

    February 25, 2005

    Boston-based Concentric Investment Management is planning to launch two funds April 1. The funds, Concentric Partners and the Victoria Opportunity Fund, will be long/short equity vehicles.

  • Big Apple Firm Preps Multi-Strat Fund

    February 25, 2005

    New York-based Boone Capital Management will launch a multi-strategy fund March 1.

  • Caterpillar Dumps Maiden Hedge Fund Plans

    February 25, 2005

    Caterpillar Fonds de Prevoyance, the €55 million Belgian defined benefit pension scheme of heavy equipment and mining manufacturer Caterpillar, has shelved its plans to invest in hedge funds.

  • Completed Searches Table

    February 25, 2005

  • Conn. Firms Join Forces

    February 25, 2005

    Smith Point Group, a Cos Cob, Conn.-based CTA firm, has joined forces with a global macro firm.

  • Copenhagen To Grow Fund, Increase Headcount

    February 25, 2005

    Danish firm Copenhagen Fund Management is targeting institutional and high-net-worth investors in a variety of countries including the U.K., China and Scandinavia, as it plans to grow the assets of its multi-manager currency fund ten-fold by the end of the year.

  • Danish Fund Seeks Private Equity Managers

    February 25, 2005

    Industriens Pensionsforsikring, the pension fund for Danish trade union members, has earmarked E130 million to private equity this year and plans to hire up to seven managers, said Jan Oestergaard, head of investments in Copenhagen.

  • Davidson Kempner To Launch Fund

    February 25, 2005

    Davidson Kempner Capital Management will launch a hedge fund focused on investments in distressed securities and the lower part of the capital structure.

  • Dayton Family Office Seeks International Hedge Funds

    February 25, 2005

    Okabena, the family office for the Daytons of superstore Target fame, is turning its hedge fund focus toward non-U.S. opportunities as it seeks to fill its 50% hedge fund target, up from 15-25% of its 40% overall alternative allocation.

  • DKR To Launch Structured Credit Fund

    February 25, 2005

    DKR Capital has developed a structured credit team that will soon launch a fund.

  • Ex-Merrill Managers To Roll Out U.K. Fund

    February 25, 2005

    Hubert van den Bergh and Michael Sakkas, former managers of Merrill Lynch Investment Management's U.K. long/short equity fund, have set up their own firm.

  • Former Bear Stearns Prop Trader Launches Global Fund

    February 25, 2005

    Gatko Partners, which is run by Richard Gati, a managing director at Bear Stearns International, has launched a long/short global strategy fund with a top-down approach.

  • Former Idanta, Bricoleur Execs Prep Fund

    February 25, 2005

    Jonathan Huberman, a former partner at Idanta Partners, the private equity affiliate of the Bass family interests, is prepping a long /short equity fund with Daniel Wimsatt, a co-founder of the billion-dollar long/short equity firm Bricoleur Capital Management.

  • Former JPMorgan Pro Joins Energy Shop

    February 25, 2005

    Alerian Capital Management, an energy Master Limited Partnership-focused hedge fund firm, has hired John Fullerton to be its ceo.

  • Gartmore Preps Global, Large-Cap U.K. Funds

    February 25, 2005

    Gartmore Investment Management is planning to launch two hedge funds in its AlphaGen range during March--a global long/short equity fund and a large-cap U.K. equity vehicle.

  • GLG Funds Founder Out of Gate

    February 25, 2005

    Two hedge funds launched in July by U.K. behemoth GLG Partners, which has traditionally had good performance, have performed poorly.

  • Hong Kong Gets Nine Hedge Fund Applications

    February 25, 2005

    The Hong Kong Securities and Futures Commission has received license applications from nine hedge fund managers since opening its doors to retail hedge funds.

  • L.A. Firm Makes Retail Plays

    February 25, 2005

    Los Angeles-based Aria Partners' fund was down 0.87% last month, but some of its better plays came in the retail sector.

  • New Searches Table

    February 25, 2005

  • Oracle Taps Former Galleon Trader

    February 25, 2005

    Oracle Partners, a Greenwich, Conn.-based healthcare hedge fund firm, has hired David Slaine, formerly of hedge fund titan The Galleon Group, as a senior trader.

  • Orion Hires Marketing Head

    February 25, 2005

    Fund of funds firm Orion Capital Management, which is run by Peter Rup, who also manages assets for legendary economist Henry Kaufman, has hired a head of marketing.

  • Peltz To Stay Small

    February 25, 2005

    Peltz Capital Management is presently out selectively raising capital for its hedge fund of funds, but Co-founder Harlan Peltz is quick to note he is not looking to be a mega-fund.

  • Post Road Scales Back Index Puts

    February 25, 2005

    Post Road Capital Management, a hedge fund firm that is run by a wealthy real estate family, has scaled back the index puts in its Post Road Value Fund and is rolling out an offshore vehicle.

  • Potential Searches Table

    February 25, 2005

  • Pyrenees To Trade Asian Weather Contracts

    February 25, 2005

    Pyrenees Capital Management, a Stamford, Conn.-based hedge fund that specializes in weather and natural gas trading, plans to start trading weather contracts referenced to Asia.

  • Q&A: Convertible Arbitrage

    February 25, 2005

    Convertible arbitrage funds have largely been flat over the past year, as market participants had to deal with a lack of volatility.

  • Ramius HVB Drops Plans For German Onshore Funds

    February 25, 2005

    Ramius HVB Partners, the partnership formed between HVB Alternatives and Ramius Capital Group to develop products for the onshore German hedge fund market, has ditched plans to develop a pair of multi-strategy funds of funds.

  • SAC Sub Adds To Fixed-Income Fund

    February 25, 2005

    Sigma Capital Management, a New York subsidiary of hedge fund goliath SAC Capital Advisors, has nabbed two fixed-income professionals for its growing roster of veteran bond hands.

  • Sankaty Readies Credit Fund

    February 25, 2005

    Sankaty Advisors, the fixed-income affiliate of private equity giant Bain Capital, is raising capital for a new multi-asset class credit opportunities fund.

  • Santander Offshoot Eyes Global Fund of Funds

    February 25, 2005

    Optimal Investment Services, the $4.5 billion hedge fund firm owned by Spanish banking mammoth Santander Group, is looking to develop a new long/short equity fund of funds with a global mandate.

  • Satellite Manager Joins SAC

    February 25, 2005

    SAC Capital Advisors, the hedge fund giant run by well known manager Steve Cohen, recently hired Portfolio Manager Craig Elkind from Satellite Asset Management.

  • U.K. Pensions Increasingly Eye Hedge Funds

    February 25, 2005

    Current investment in hedge funds by U.K. pension funds might be low, but this is likely to increase sharply over the next 18 months, according to a recent survey of 111 pensions by JPMorgan Fleming Asset Management.

  • U.S. Interest In Asia Spurs On Marketer

    February 25, 2005

    Singapore-based marketing and introductions outfit IntroHedge is hoping to capitalize on expansion in the Asian hedge fund market, notably the Lion City, and is seeking tie-ups with hedge funds and service providers.

  • Updated Searches Table

    February 25, 2005


 

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