Stories

  • Exotic Fund Derivatives Will Follow HFR Short Fund

    April 11, 2005

    Fund derivatives with exotic payoffs will follow hot on the heels of HFR Asset Management launching a fund to short its HFRX Global Hedge Fund index (AIN, 3/28).

  • Fla. Trust Company Launches Fund of Funds

    April 11, 2005

    Coral Gables Trust Co. recently launched its first fund of hedge funds, The Coral Gables Stability LP, and plans to launch a second later this year.

  • Funds of Funds Best Option For Pension Plans

    April 11, 2005

    Funds of funds remain the preferred option for institutional investors putting assets into the hedge fund space, but as the industry and its regulation grow, pension plans will have to choose their managers more carefully, two recent reports said.

  • Goldman Reportedly Raises $8-9B Fund

    April 11, 2005

    Goldman Sachs' private-equity wing has reportedly completed raising its newest buyout fund with total commitments between $8-9 billion, according to an industry official.

  • Mass. Fund Issues RFIs For Private Equity, Real Estate

    April 11, 2005

    The $520 million Plymouth County (Mass.) Retirement System has issued a continuous request for information for private equity and real estate managers.

  • Northern Trust To Expand Alts. Offerings

    April 11, 2005

    Northern Trust Global Investments has appointed a coo, plans to hire additional staff and could launch new alternatives funds to help achieve its goal of nearly doubling its assets under management to $50 billion in three-to-five years.

  • Pittsburgh To Examine Hedge Funds

    April 11, 2005

    The $373 million Pittsburgh Municipal Pension Trust will discuss initial allocations to hedge funds and real estate later this year.

  • Principal May Grow Structured Products, Hedge Funds

    April 11, 2005

    Principal Global Investors may seek to expand its structured products and absolute return businesses by acquisitions.

  • U.S. Tax Could Apply To Offshore Fund Trades

    April 11, 2005

    Offshore hedge funds using total return swaps on bank loans have become increasingly involved in the origination process and some market participants warn their activity may be viewed as a lending business and subject to federal income tax.

  • Veritable Readies Large-Cap Fund of Funds

    April 11, 2005

    Veritable has been building its due diligence staff in the year since it split with multi-family office Hawthorn and is now readying a new fund of funds.

  • Year-End Results May Decide Alternatives Investment For Pa. Plan

    April 11, 2005

    The $382.6 million Bucks County (Pa.) Employees Retirement Fund intends to evaluate year-end 2005 returns from hedge fund of funds and private equity to decide whether to invest in the asset classes.

  • "The hedge fund market can be pretty brutal and you have to pick your moment."

    April 08, 2005

    Simon Wilson, head of marketing at Old Mutual Asset Managers, on deciding when to start marketing a fledgling fund.

  • Belgian Start-Up Contemplates More Funds

    April 08, 2005

    Erasmus Capital, the Brussels-based start-up hedge fund firm that is due to launch its first fund this month (AIN, 4/4), is already considering future products.

  • British Firm Launches U.K. Equity Fund

    April 08, 2005

    London-based Tiburon Partners has launched its second hedge fund, a U.K. long/short equity vehicle.

  • Commerzbank To Double Asian Manager Exposure

    April 08, 2005

    Commerzbank Securities, with nearly $2 billion in fund of funds assets, is planning to double its approximately $100 million allocation to Asia-based hedge fund managers.

  • Completed Searches Table

    April 08, 2005

  • Creedon Keller Restructures Following Divorce Proceeding

    April 08, 2005

    Creedon Keller & Partners has restructured following a ruling in a divorce proceeding for one its founders.

  • Emerging Manager

    April 08, 2005

    Cardinal Asset Management: The London- and Dublin-based firm was founded by Nick Corcoran, former executive v.p. at Zurich Capital Markets, and Nigel McDermott, founding director of proprietary investment vehicle Constantia Capital, along with Paul Kearney, ex-managing director at Zurich.

  • Focus Nabs Deutsche Bank Manager

    April 08, 2005

    Focus Investment Group, a $1 billion New York-based fund of funds firm, has hired Lance Babbit as a senior analyst and portfolio manager.

  • Former Clinton Manager Rolls Out Fund

    April 08, 2005

    Seth Fischoff, formerly a portfolio manager at the Clinton Group, has launched the first fund at his new firm, Agamas Capital Management.

  • Fund of Funds Leader

    April 08, 2005

    Attica Alternative Investments: This London-based firm partnered with German bank Sal. Oppenheim and beat numerous larger firms in the race to launch onshore funds of funds for the nascent German market.

  • Gottex Eyes U.S. Growth

    April 08, 2005

    Gottex Fund Management, the Lausanne, Switzerland-based fund of funds firm, is planning to increase its assets under management by $1.5 billion by year-end.

  • Harmonic Eyes Asian Investors

    April 08, 2005

    Harmonic Capital Partners, a London-based hedge fund firm with $355 million under management, is considering making a marketing push into Asia.

  • Hedge Fund Leader

    April 08, 2005

    Campbell & Company: The managed futures and currency giant took the unusual step of making a push into equities.

  • Illinois Fund Hires Consultant For Alts. Foray

    April 08, 2005

    The $300 million Carle Foundation in Urbana, Ill., has hired Summit Strategies Group in St. Louis as its first investment consultant to help the foundation make maiden allocations to alternative strategies.

  • Institutional Investor

    April 08, 2005

    California Public Employees' Retirement System: The trendsetting $180 billion pension mammoth increased its investment in single-manager hedge funds to just under $900 million last year from $685 million.

  • Institutional Manager

    April 08, 2005

    Barclays Global Investors: The money management titan made a push into fixed-income hedge funds, a move that coincided with the promotion of Peter Knez earlier in the year to global cio of fixed income.

  • Investec Makes Options Desk Hire

    April 08, 2005

    Investec (US) Incorporated, a New York broker/dealer that caters to hedge funds, has hired Julie Siskovic as first v.p. of the institutional options strategy department.

  • LibertyView Health Fund Dips In February

    April 08, 2005

    LibertyView Capital Management's health sciences fund was down 6.74% in February.

  • London Firm Plans Marketing Push

    April 08, 2005

    London-based firm L.H. Ward & Co. is planning to market its hedge fund to outside investors for the first time.

  • New Searches Table

    April 08, 2005

  • Old Mutual Grows Asia Team

    April 08, 2005

    Old Mutual Asset Managers, which has approximately $1.4 billion in hedge fund assets, has added Philip Hunter as a third analyst for its Asia team.

  • Otus Plans Small-Cap Fund Closing

    April 08, 2005

    London-based Otus Capital Management is preparing to close its small-cap long/short European equity fund.

  • Pequot Readies Global Market Neutral Fund

    April 08, 2005

    Hedge fund colossus Pequot Capital Management is planning to launch a global market neutral fund next month.

  • Pirate Capital Taps CFO

    April 08, 2005

    Norwalk, Conn.-based Pirate Capital has hired a chief financial officer.

  • Plainfield To Employ Direct Lending Strat

    April 08, 2005

    Plainfield Asset Management, the nascent firm started by distressed maven Max Holmes, will engage in direct lending when it launches its fund.

  • Potential Searches Table

    April 08, 2005

  • Public Plans Study Hedge Funds

    April 08, 2005

    Public pension plans in Connecticut, Tennessee and Missouri are being educated about hedge fund investing.

  • Refco Preps Commodity Fund of Funds

    April 08, 2005

    Futures and CTA specialist Refco Alternative Investments, which is part of the New York-based Refco Group, will launch a fund of funds in July that will invest in commodity hedge funds.

  • SAC Hires Portfolio Managers

    April 08, 2005

    SAC Capital Management, the $5 billion hedge fund giant run by Steve Cohen, has hired three portfolio managers.

  • Saxo Bank Makes Soybean Play

    April 08, 2005

    Copenhagen-based Saxo Bank is making bets that some recent gains in soybeans will continue.

  • Saxo Weighs Incubator Program

    April 08, 2005

    Saxo Bank is looking at launching an incubator program to develop talented traders who want to launch their own hedge funds.

  • U.K. Firm Hires RBS Credit Strategist

    April 08, 2005

    London-based hedge fund firm Picus Capital Management has hired Martin Hornbuckle, head of credit strategy at Royal Bank of Scotland, as an investment specialist.

  • Updated Searches Table

    April 08, 2005


 

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