Stories

  • Baylor Raises Alts Allocation

    March 21, 2005

    The $750 million Baylor University endowment has increased its alternatives allocation to 40% from 30% to diversify and in reaction to inflation and equity return concerns.

  • Boston Buyout Firm Preps For New Fund

    March 21, 2005

    Boston-based Heritage Partners will likely start raising another fund at the end of this year, said Peter Hermann, general partner.

  • Boston Hedge Fund Snags PanAgora CCO

    March 21, 2005

    High Vista Strategies, an unregistered hedge fund adviser in Boston, recently hired Scott McDonald as its chief compliance officer.

  • Brokerage Sweep Seen Targeting Hedge Funds

    March 21, 2005

    The Securities and Exchange Commission's mini-sweep of directed brokerage arrangements could be in part targeting registered hedge fund advisers, according to lawyers and consultants.

  • Buckeye Power Fund Looks To Bulk Up

    March 21, 2005

    Hedge fund Alpha Energy Partners plans to build up its operations over the next several months by adding four or five natural gas traders as well as one or two risk managers to round out its nine-person operation, said Barry Hines, co-founder of Boomerang Capital in Rowayton, Conn., an advisor to the firm.

  • Derivatives Dealers Laud Hedge Fund Activity In Credit Mart

    March 21, 2005

    Dealers said a cross-section of hedge funds are bringing more liquidity to credit derivatives.

  • Duo Leave JPMorgan To Start Hedge Fund

    March 21, 2005

    Ben Smith, a managing director in the equity derivatives division at JPMorgan in New York, and Sheehan Maduraperuma, v.p., are forming a hedge fund.

  • Graham Taps Ex-Citi Trader

    March 21, 2005

    Craig Gile, an energy derivatives trader who departed Citigroup last year along with global commodities head David Becker, has resurfaced--again as an energy trader--at Graham Capital Management.

  • Hedge Fund Indices To Get More Airtime

    March 21, 2005

    Shorting hedge fund indices will be popular this year, according to speakers at last week's Structured Products Association conference in New York.

  • Hedge Funds Urged To Scrutinize Marketer Contracts

    March 21, 2005

    Hedge funds that use third-party marketers to gather assets will need to make sure these individuals and firms comply with Securities and Exchange Commission regulations governing cash payments for client solicitation.

  • Idaho Endowment Embarks On Alts Foray

    March 21, 2005

    The $837.5 million Idaho Endowment Investment Board is taking a first step towards a long-term alternatives target of 10% with the recent approval of maiden allocations to hedge funds of funds and collateralized debt obligations worth $5 million each.

  • U.K. Council Picks Private Equity Managers

    March 21, 2005

    Pantheon Ventures and Lexington Partners have each won a private equity fund of funds mandate from the Tyne & Wear Pension Fund, following a tender.

  • "One has to educate the market. Liquidity is good but...has a huge cost."

    March 18, 2005

    Claude Porret, a member of RMF Investment Management's management committee, on the benefits of investing in funds with longer lockups.

  • Alcatel Hangs Up On Hedge Funds, Private Equity

    March 18, 2005

    French telecommunications giant Alcatel has decided against investments in hedge funds or private equity for its U.K. pension scheme, which holds approximately £215 million.

  • Angelo Gordon Distressed Chief Exits

    March 18, 2005

    Jeff Aronson, the portfolio manager responsible for all of Angelo, Gordon & Co.'s distressed securities and leveraged loan efforts, has left the firm.

  • Arsago Sees Slow Growth of German Mart

    March 18, 2005

    Frankfurt-based Arsago Alternative Capital Management, which recently launched an onshore global macro fund with Citigroup, is seeing a slow uptake of hedge funds by German investors.

  • BGI To Launch Three Funds Down Under

    March 18, 2005

    Barclays Global Investors Australia is preparing to launch three hedge funds over the next month that will be pitched to institutions.

  • Cairn Adds Researchers

    March 18, 2005

    London-based asset manager Cairn Capital has hired two credit analysts to provide research support to its collateralized debt obligation and hedge fund businesses.

  • Cap Z Taps Fortis Analyst

    March 18, 2005

    Capital Z Investment Partners recently hired Victor Cohen, an analyst from Assurance Fortis, a division of Fortis Investments.

  • Chicago Firm Opens Fund of Funds

    March 18, 2005

    Chicago-based Endurance Asset Management has opened its fund of funds to outside investors.

  • Citi Taps UBS Sales Head For Germany

    March 18, 2005

    Citigroup Alternative Investments has hired David Barker, ex-head of marketing and sales of equity derivatives and hedge funds to German and Austrian institutions at UBS, to head up institutional sales in Germany.

  • Colorado Firm Scores With Tech Pair Trade

    March 18, 2005

    Greenwood Village, Col.-based Choice Capital Management's Adams Market Neutral Fund was up 60 basis points last month, largely from shorting Nasdaq stocks.

  • Completed Searches Table

    March 18, 2005

  • EagleRock Hires Goldman Trader

    March 18, 2005

    New York-based EagleRock Capital Management has hired John Petrozzi from Goldman Sachs where he was a senior high yield and distressed debt trader for six years.

  • European Insurers Eye Single-Manager Hedge Funds

    March 18, 2005

    European insurance companies that opt for hedge fund investments are increasingly allocating money to single managers rather than funds of funds.

  • FRM Hires CEO For U.S. Biz

    March 18, 2005

    Financial Risk Management, the $13.5 billion London-based fund of funds colossus, has tapped Carrie McCabe to be the ceo of its American operation, FRM Research.

  • Greylock To Launch Equity Fund

    March 18, 2005

    Greylock Capital Management, a $1 billion hedge fund firm run by emerging market debt investor Hans Humes, is planning to launch an emerging markets equity fund in May.

  • John Levin Makes MCI, Level 3 Plays

    March 18, 2005

    John A. Levin & Co.'s Levco Debt Opportunity Fund was up 0.53% last month and had exposure to MCI and Level 3 Communications.

  • Marathon Runs With Dynamic CDO Structure

    March 18, 2005

    Marathon Asset Management is structuring an innovative collateralized debt obligation that can change its investments at any time in almost any asset class, enabling a hedge-fund like strategy within a CDO structure.

  • Mellon To Close Flagship Fund of Funds

    March 18, 2005

    Mellon Global Alternative Investments, which manages $645 million in funds of hedge funds, plans to hard-close its flagship vehicle, the Mellon Sanctuary Fund, at the beginning of June.

  • New Searches Table

    March 18, 2005

  • New Star To Launch Fund

    March 18, 2005

    New Star Asset Management, which manages over $1 billion in hedge funds, is preparing a pan-European long/short hedge fund due for launch on April 4.

  • Oak Hill Creates Clean-Up Provision

    March 18, 2005

    Oak Hill Platinum Partners, an investment firm run by billionaire Robert Bass and his investment team, has created a clean-up provision for its Oak Hill CCF fund.

  • Old Mutual Adds External Managers To Fund of Funds

    March 18, 2005

    Old Mutual Asset Managers, which manages $1.2 billion in hedge funds, has added external managers to its multi-strategy fund of funds for the first time.

  • Orion Names New Chief Operating Officer

    March 18, 2005

    Fund of funds firm Orion Capital Management has named Bruce Arella, a managing director at the firm, as its new chief operating officer.

  • Potential Searches Table

    March 18, 2005

  • RMF Mulls Longer Lockups

    March 18, 2005

    Fund of funds giant RMF Investment Management is contemplating funds with longer lockup provisions--possibly upwards of three years--to accommodate the illiquid investments many hedge funds are pursuing.

  • San Francisco Firm To Market Fund

    March 18, 2005

    San Francisco-based Belay Capital Management is planning to market its nascent long/short equity fund.

  • U.K. Firm Closes Metals Fund

    March 18, 2005

    Galena Asset Management, a subsidiary of commodity trading company Trafigura Group, has closed its long/short leveraged hedge fund, which trades non-ferrous and precious metal derivatives.

  • Updated Searches

    March 18, 2005

  • WDW Makes Marketing Push

    March 18, 2005

    William D. Witter, the $1.6 billion New York-based investment firm, is currently marketing its two long/short equity hedge funds for the first time.


 

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