Stories

  • Apollo Looks To Raise Mega-Fund

    April 18, 2005

    Apollo Management is raising money for its next mega-fund, with a target in the range of $6.5 billion, according to an industry official.

  • CESR Stirs A Storm Over Hedge Fund Index Products

    April 18, 2005

    CESR has put the cat among the pigeons with a discussion paper it issued last month, announcing it will rethink the use of hedge fund indices in UCITS III wrappers.

  • Deutsche Bank Analyst Hops To Duquesne

    April 18, 2005

    Eric Lee, v.p. in high-yield research at Deutsche Bank and an Institutional Investor-ranked cable analyst, is planning to join Duquesne Capital Management in May, according to a market participant.

  • Hedge Funds Sprout Up In Greenhouse Gas Mart

    April 18, 2005

    Hedge fund managers in the U.S. are starting to set up funds to trade greenhouse gases because they think prices for carbon dioxide credits are set to skyrocket.

  • Texas Tech Seeks To Fill 5% Private Equity Allocation

    April 18, 2005

    Texas Tech University is seeking to fill the remaining 5% of its 15% allocation to private equity.

  • "But smoking was also common practice not too long ago, demonstrating that popularity is not synonymous with good judgment."

    April 15, 2005

    Ron Surz, president of PPCA, Inc., on why investors should not rely on peer groups when evaluating hedge funds even if this is the most common industry practice.

  • Attica Eyes $1 Billion Mark, Grows German Funds

    April 15, 2005

    Attica Alternative Investments, the London-based fund of funds firm with $600 million under management, expects to grow to around $1 billion by year end.

  • Boussard Gavaudan Preps Consumer Fund

    April 15, 2005

    Paris- and London-based Boussard Gavaudan Asset Management, which manages over $1 billion, is planning to launch a global long/short consumer sector fund on May 3.

  • Canadian Firm Launches Energy Fund

    April 15, 2005

    Toronto-based HorizonOne Asset Management launched an energy fund on April 1.

  • Completed Searches Table

    April 15, 2005

  • Conn. Hedge Fund Association Formed

    April 15, 2005

    The Connecticut Hedge Fund Association, a non-profit trade association for hedge fund managers has been launched. Bluepoint Partners, a third-party hedge fund marketer based in Darien, Conn., created the group to promote better understanding between alternative investment managers, government agencies and institutional investors, said a Bluepoint official.

  • Danish Scheme Shelves Hedge Fund Plan

    April 15, 2005

    Pensionskassernes Administration, the Danish fund that manages €11 billion on behalf of eight defined contribution pension schemes for health and social care workers, has iced its hedge fund foray plan, as the "risk/return profile of such investments are currently not attractive," said Claus Jorgensen, head of equity, in Copenhagen.

  • Dutch Firm Readies Delayed Offshore Vehicle

    April 15, 2005

    Aster-X Capital Management, a Dutch firm that manages E175 million, is gearing up to launch an offshore version of its long/short European equity fund on June 1.

  • Energy Firm Ups Alternatives Allocation

    April 15, 2005

    Norsk Hydro Pensjonskasse, the Norwegian pension fund of global energy and aluminium supplier Hydro, is upbeat about alternatives and plans to increase its exposure to global private equity, hedge funds and real estate this year.

  • Ex-Fleming CEO Moves To Asian Hedge Fund

    April 15, 2005

    Mark White, former ceo of JPMorgan Fleming Asset Management, has resurfaced after a brief hiatus to join Hong Kong $75 million hedge fund firm KGR Capital.

  • Forest Preps Two Funds

    April 15, 2005

    Forest Investment Management, the $1.3 billion multi-strategy arbitrage firm, plans to launch two funds May 1.

  • Former Goldman, JPMorgan Heavyweights Prep Macro Fund

    April 15, 2005

    A high-profile group of alumni from Goldman Sachs and JPMorgan, including Geoff Grant and Ron Beller, has set up London-based Peloton Partners.

  • Fortress Hires Canadian Pension Manager

    April 15, 2005

    Fortress Investment Group, the $12 billion New York-based hedge fund giant, has hired Ben Cheng as a portfolio manager in its Toronto office.

  • Guest Column: Ron Surz, President of PPCA, Inc.

    April 15, 2005

    Using Monte Carlo Simulations To Evaluate Performance

  • Imperial Oil Eyes Funds of Funds

    April 15, 2005

    Imperial Oil, the C$2.7 billion Canadian pension plan, is considering investing in a fund of hedge funds.

  • International Securities Group Weighs Hedge Fund Disclosure Standards

    April 15, 2005

    The International Organization of Securities Commissions may propose global standards on how much hedge funds should disclose to retail investors.

  • Liberty Ermitage Grows Marketing Team

    April 15, 2005

    Jersey-based Liberty Ermitage is increasing its marketing and communications efforts in an attempt to raise its profile and attract new investors.

  • London Firm Taps Citi Credit Honcho

    April 15, 2005

    London-based credit-focused hedge fund firm Ilex Asset Management has hired David Meek as partner and senior portfolio manager.

  • Lyxor Kicks Off Index-Linked Fund For Germany

    April 15, 2005

    French giant Lyxor Asset Management, a unit of Société Générale, has launched an index-linked fund of funds for the onshore German market.

  • Martin Currie Builds Out Resources Team

    April 15, 2005

    Edinburgh-based Martin Currie has tapped Duncan Goodwin from Merrill Lynch. Goodwin joined the asset manager last week to co-manage its global resources fund alongside existing managers Wendy Anderson and Chris Butler.

  • Moore Extends Lockups

    April 15, 2005

    Moore Capital Management, the $9.5 billion hedge fund behemoth run by Louis Bacon, has extended the lockup provisions on three of its funds.

  • N.Y. Firm Makes Sterling/Dollar Trades

    April 15, 2005

    Greenbriar Forecast, a Chappaqua, N.Y.-based currency manager, made six profitable sterling/U.S. dollar trades in March in its Greenbriar Global Management Fund.

  • Nebraska Fund May Boost Alts. Allocations

    April 15, 2005

    The $911 million University of Nebraska Foundation will conduct a full asset allocation review in late May with the help of Cambridge Associates that may lead to increased allocations to alternative investments.

  • New Searches Table

    April 15, 2005

  • North Sound Nabs Citi Energy Analyst

    April 15, 2005

    North Sound Capital, the $3 billion hedge fund run by Tom McAuley, a former managing director at Tiger Management, has hired a new head for its energy team.

  • Oak Hill Snags New Hires

    April 15, 2005

    Oak Hill Platinum Partners, an investment firm run by billionaire Robert Bass and his investment team, has hired four new officials.

  • Plainfield Taps Guggenheim Official

    April 15, 2005

    Joseph Bencivenga, managing director and head of capital markets research and private equity at broker-dealer Guggenheim Capital Markets in New York, has joined Plainfield Asset Management.

  • Potential Searches Table

    April 15, 2005

  • RAB Ups European Fund Liquidity

    April 15, 2005

    RAB Capital increased the liquidity of its RAB Europe Fund last month.

  • SG's FX Trading Head Launches Fund

    April 15, 2005

    Lawrence Rhee, head of foreign exchange options trading at Société Générale in New York, has left to set up a fixed-income hedge fund.

  • Singapore Authority Sees Hedge Fund Market Growth

    April 15, 2005

    The Monetary Authority of Singapore will support a favorable regulatory environment and incentives for the growth of new investment areas such as alternatives, more specifically hedge funds.

  • Tablerock Fund Dips 6% In March

    April 15, 2005

    Tablerock Fund Management's Hourglass Fund was down 6% in March partly due to its convertible bond position in Cell Therapeutics.

  • U.K. Firm Remains Net Long

    April 15, 2005

    Fundamental Asset Management's Chess River U.K. Equity Fund was up 0.51% in March.

  • Updated Searches Table

    April 15, 2005

  • Welsh Council Appoints Private Equity Duo

    April 15, 2005

    Standard Life Investments and HarbourVest Partners have been appointed for a £15 million private equity fund of funds mandate by the Powys County Council Pension Fund.


 

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