Stories

  • Beantown Buyout Firm Plans Fund

    March 07, 2005

    Century Capital Management, an investment firm with more than $1.2 billion in assets under management, will likely begin raising another buyout fund for insurance companies later this year or early next year, said Davis Fulkerson, a managing partner.

  • Canary Whistleblower Says Restraints Depend On Compliance Principles

    March 07, 2005

    Hedge funds need to have self-imposed higher standards in compliance before they are over-policed by regulators.

  • Hedge Funds Bring In Ross For WestPoint Bankruptcy Sale

    March 07, 2005

    Contrarian Capital Management, Satellite Senior Income Fund and CP Capital Investments, holders of WestPoint Stevens' first-lien debt, have brought in Wilbur Ross to buy the bankrupt textile company, in what could prove a highly contentious deal.

  • James Baker To Exit Carlyle Group

    March 07, 2005

    James Baker, the former Secretary of State, will retire from The Carlyle Group on April 28.

  • SEC Plans Patience With First Hedge Fund Exams

    March 07, 2005

    With registration of hedge funds less than a year away the Securities and Exchange Commission wants to ensure that compliance staff and management are prepared for examiners and their inquiries, an official said.

  • U.K. Hedge Fund Consultant Plans U.S. Launch

    March 07, 2005

    IMS Consulting, a U.K. compliance consultant specializing in hedge funds, is planning to open a U.S. office.

  • "I was so productive that they need two people to do my job."

    March 04, 2005

    Joel Katzman, president and ceo of JPMorgan Alternative Asset Management, on the firm's plans to fill his shoes after he retires.

  • Altegris Seeks New Hires

    March 04, 2005

    Hedge fund consultancy Altegris Investments is interviewing candidates for a chief compliance officer and two or three investment consultants.

  • Amex To Hire Marketer

    March 04, 2005

    American Express Alternative Investments is looking to hire a marketer for its single-manager hedge funds.

  • Ares Adds PIMCO Star To Broaden Credit Spectrum

    March 04, 2005

    Ares Management has brought on board Pacific Investment Management Co.'s David Hinman as lead portfolio manager for the Ares Total Value Fund and as a member of the investment committee for all Ares Capital Market Funds.

  • Atlanta Firm Launches New Fund

    March 04, 2005

    Atlanta-based AquaCapital will close the $10 million AquaFund, a multi-strategy fund with a global macro approach, to new investors and is preparing to roll out a fund focused on U.S. long/short equity.

  • Atlas Seeks Research Analyst

    March 04, 2005

    London-based fund of funds giant Atlas Capital, with $4.8 billion under management, is looking to hire a research analyst to focus on long/short equity strategies.

  • Big Apple Firm Names CFO

    March 04, 2005

    NCH Capital, the New York-based hedge fund firm that invests in former communist countries, recently named Joel Schiff as its cfo.

  • British Firm Plans Growth, Seeks Marketer

    March 04, 2005

    London-based Ilex Asset Management is planning to approximately double the size of its European credit opportunities fund by the end of the year and will hire a marketer to focus on this task.

  • Carlson Officials Start Firm

    March 04, 2005

    A group of officials from Dallas-based Carlson Capital have left to form their own shop, Verity Capital.

  • CDK Rolls Out Fund

    March 04, 2005

    CDK Investment Management has launched an onshore version of its fund of funds that is focused on credit related strategies.

  • CMA Partners With Private Banks

    March 04, 2005

    Swiss fund of hedge funds firm Capital Management Advisors has recently crossed the $1.5 billion asset mark and is looking to increase its distribution network through private banks this year.

  • Completed Searches

    March 04, 2005

  • Cross Gains Ground With Travel Company Debt

    March 04, 2005

    London-based Cross Asset Management, which is run by well-known manager Roddy Campbell, benefited in January from several value and corporate restructuring plays.

  • CSFB Distressed Head Leaves To Start Hedge Fund

    March 04, 2005

    Jeff Bersh, managing director and head of the distressed credit trading group at Credit Suisse First Boston, has left the firm and plans to start a hedge fund.

  • DDJ Hires Analyst

    March 04, 2005

    Distressed debt shop DDJ Capital Management has hired a senior research analyst to expand in-house research.

  • Delaware Firm Makes MCI Play

    March 04, 2005

    Wilmington, Del.-based Butcher's Hill Capital's Geneva Arbitrage Fund is making merger arbitrage bets on the MCI/Verizon Communications and Hollywood Entertainment Corp./Movie Gallery deals.

  • Fixed-Income Mavens To Start Fund

    March 04, 2005

    Mark Fishman, director of fixed income at SAC Capital Advisors' Genesis Fund, is leaving to start Sailfish Capital with Sal Naro, co-head of credit fixed income at UBS.

  • Former Och-Ziff Trader Joins Gotham Credit Firm

    March 04, 2005

    Michael Silver, former head trader in debt and equities at hedge fund behemoth Och-Ziff Capital Management, recently joined Brookville Capital Management, a New York-based distressed and special situations firm.

  • Giuliani To Speak At Merrill Cap Intro Event

    March 04, 2005

    Former New York Mayor Rudy Giuliani is scheduled to speak at a Merrill Lynch capital introductions event this week in Florida.

  • Harcourt Hires Analyst

    March 04, 2005

    Zurich-based fund of funds firm Harcourt Investment Consulting, which manages $2.5 billion, has lined up a new analyst who will join the firm on April 1.

  • Health Scheme To Consider TAA

    March 04, 2005

    The trustees of the £320 million BUPA Pension Scheme plan will discuss a tactical asset allocation strategy, including currency overlay, with its investment consultants Watson Wyatt due to new accounting standards, said Simon Warren, corporate treasury manager.

  • Hedge Fund Inflows Up Only Slightly, While Private Equity Pops

    March 04, 2005

  • ING To Hire Hedge Fund Chief Operating Officer

    March 04, 2005

    ING Investment Management Americas' hedge fund business in New York is interviewing to hire a chief operating officer, a new position.

  • JPMorgan's Katzman Calls It Quits

    March 04, 2005

    Joel Katzman, president and ceo of JPMorgan Alternative Asset Management, and one of the hedge fund industry's most well-known figures, will retire April 30.

  • London Firm To Bulk Up Research

    March 04, 2005

    GMP Asset Management, a London-based event-driven manager that has been trading since last March, is looking to increase its research team.

  • Lone Star Firm Readies Offshore Fund

    March 04, 2005

    2003 Houston Energy Partners is planning a roll out in mid-April a hedge fund targeting offshore investors keen on breaking into the U.S. power and energy markets.

  • Martin Currie Eyes Asia

    March 04, 2005

    Edinburgh-based Martin Currie, which manages $1.2 billion in hedge funds and has total assets of $15 billion, is looking to target Asian investors.

  • Michigan Health Fund Eyeing Direct Hedge Fund Investments

    March 04, 2005

    The $5 billion investment portfolio of Trinity Health in Novi, Mich., is discussing changes to its alternatives portfolio.

  • New Searches Table

    March 04, 2005

  • PAAMCO Predicts Hedge Funds To Move Into Long-Only

    March 04, 2005

    Stephen Oxley, managing director at Pacific Alternative Asset Management Company, predicts that hedge funds will move into long-only strategies over the next coming years because they have become an "institutionalized asset class" as large single funds are becoming too large for most funds of funds.

  • Park Place Sells Software Stake

    March 04, 2005

    London-based Park Place Capital has dropped its position in Swiss back office banking software vendor, Temenos, from a pair of Europe-focused fundamental stock-picking hedge funds.

  • Penn. Firm To Kick Off Long/Short Fund

    March 04, 2005

    Radnor, Penn.-based CMG Investment Advisors will launch a long/short single-manager fund that will invest primarily in equities on April 1.

  • Potential Searches Table

    March 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.

  • Retailer To Review Entire Scheme

    March 04, 2005

    The Selfridges Retail Pension Scheme plans to review its £120 million scheme in June when the three-year contracts with incumbent managers Deutsche Asset Management and Legal & General Investment Management will end.

  • SAC Taps DB Official As CFO

    March 04, 2005

    SAC Capital Advisors, the $6 billion hedge fund colossus run by Steve Cohen, has hired Jim Rowen to be its cfo.

  • Updated Searches Table

    March 04, 2005

  • Ziff Brothers Eyes Move

    March 04, 2005

    Ziff Brothers Investments, the New York-based asset management firm for the Ziff family, is considering moving its office.


 

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