Stories

  • Soros Spinning Off Credit Group

    May 24, 2005

    Soros Fund Management is spinning off its 12 person credit team as a separate firm.

  • Beantown Firm Hires Partner For New Office

    May 23, 2005

    Boston-based Bunker Hill Capital has hired Brian Kinsman as a managing partner to open a new office in San Diego.

  • Blackstone Looks To Raise $11B Fund

    May 23, 2005

    The Blackstone Group is aiming to raise $11 billion for its next buyout fund according to Stephen Schwarzman, chairman and ceo.

  • Citadel Hires JPMorgan Rates Trader

    May 23, 2005

    Citadel Investment Group has reportedly hired Richard Jackson, a senior interest rate options trader at JPMorgan in London.

  • Kohlberg Family Office Hires New Leader

    May 23, 2005

    Jim Welch, former co-head of JPMorgan Alternative Asset Management's portfolio management group, has been hired to head the family office of Jerome Kohlberg, senior founding partner of legendary leveraged buyout firm Kohlberg Kravis Roberts & Co.

  • Secondary Loan Mart Bounces Back After Sweating Hedge Fund Selling

    May 23, 2005

    Nail biting and cold sweats subsided last week as the secondary loan market bounced back to levels closer to comfort for market players.

  • "Do you know any other money managers with $13 billion [under management] who don't make any money?"

    May 20, 2005

    Phil Goldstein of Opportunity Partners on the unprofitable numbers posted by BKF Capital Group.

  • Aladdin Nabs AIG Pros

    May 20, 2005

    Aladdin Capital Management, the $4 billion Stamford, Conn.-based hedge fund and collateralized debt obligation manager, recently hired three officials from AIG Global Investment Group to round out its asset- and commercial mortgage-backed securities team.

  • Basswood Dips In First Quarter

    May 20, 2005

    Basswood Partners, which manages roughly $2 billion, experienced a loss of 1.4% in the first quarter for its Basswood Opportunity Partners fund.

  • Brick Capital Shorts Mining Stocks

    May 20, 2005

    Brick Capital Partners' Brick Capital Fund is up 6% this year and has made profitable short plays on Phelps Dodge and other mining stocks, while also capitalizing on a long U.S. Dollar position.

  • Cajun Fund Makes Energy Plays

    May 20, 2005

    Baton Rouge, La.-based Maple Leaf Partners' fund was up 9.3% on the back of some plays in the energy, commodities sector.

  • Cazenove Readies New U.K. Fund

    May 20, 2005

    Cazenove Capital Management is preparing to launch its second U.K. long/short fund toward the end of the month.

  • Citi Trio To Start Fund

    May 20, 2005

    Three managing directors from Citigroup are leaving to start their own hedge fund firm.

  • CMA Plans Push Into Asia

    May 20, 2005

    Capital Management Advisors, the $1.5 billion Geneva-based fund of funds firm, has set its sights on Asia for the first time.

  • Completed Searches Table

    May 20, 2005

  • Firm Hit By GM, Ford Plays

    May 20, 2005

    New York-based Balestra Capital Management lost money recently shorting General Motors and Ford Motor Company shares.

  • Former DLJ Alums Launch Fund

    May 20, 2005

    Former Donaldson, Lufkin & Jenrette alumni Simon Baker, Jacques Soenens and Kevin Goldstein have reunited to form hedge fund firm Great Gable Partners.

  • Former GLG Manager To Close Shop

    May 20, 2005

    Robert Kim, a former portfolio manager at hedge fund giant GLG Partners, will close his firm, Cydonia Capital, July 1.

  • Garden State Manager Expands Into Equities

    May 20, 2005

    Blenheim Capital Management, a Somerset, N.J.-based global macro fund manager, is moving into equities.

  • Graham Tweaks Trend-Following Strategies

    May 20, 2005

    Managed futures behemoth Graham Capital Management is making some changes to its trend-following programs due to poor performance at a time when many firms following this strategy are struggling.

  • Hedge Funds Attack One Of Their Own

    May 20, 2005

    BKF Capital Group, a publicly traded company that counts John A. Levin & Co. as its main subsidiary, is facing a proxy battle initiated by hedge funds.

  • Hedge Funds Bemoan Worst Conditions Since LTCM Collapse

    May 20, 2005

    As hedge funds struggle to find investment opportunities and returns slip, some are saying the current environment is the most challenging since 1998 when Long-Term Capital Management collapsed.

  • Hedge Funds Face Margin Call Clampdown

    May 20, 2005

    Credit hedge funds report dealers are increasing margin call frequency in the wake of recent mark-to-market losses on collateralized debt obligation trades.

  • ITT Considers Alternatives Increase, Portable Alpha

    May 20, 2005

    ITT Industries is considering increasing its private equity commitments to 20% from 10%, hedge fund investments to up to 20% from 10%, and introducing portable alpha strategies.

  • Kingdon, Catequil Officials Launch Fund

    May 20, 2005

    Mitch Swergold, formerly a portfolio manager at Kingdon Capital Management, and Seth Berman, who was cfo at Catequil Asset Management, have started their own firm, Swergold Capital Partners.

  • New Searches Table

    May 20, 2005

  • Novel Mutual Fund To Add Hedge Fund Managers

    May 20, 2005

    Alternative Investment Partners, which manages a fund of funds in the form of an open-end mutual fund, plans to add three underlying hedge fund managers by the third quarter.

  • Ospraie To Launch Seeding Platform

    May 20, 2005

    Ospraie Management, the New York firm run by well-known manager Dwight Anderson, is planning to launch a $1 billion seeding platform in July.

  • Potential Searches Table

    May 20, 2005

  • RAB Launches Energy Fund With Lock-Up

    May 20, 2005

    London-based RAB Capital last week launched RAB Octane, an energy fund focused on pre-IPO energy companies.

  • SSgA Sub Rolls Out Japan Fund of Funds

    May 20, 2005

    Stamford, Conn.-based SSARIS Advisors, the majority-owned hedge fund subsidiary of State Street Global Advisors, has launched a Japan long/short equity fund of funds to be distributed by its parent firm's Tokyo operation.

  • Stenham Seeks To Grow Flagship Funds

    May 20, 2005

    Stenham Advisors, the $1.5 billion fund of funds and wealth management firm, is making a push to double the assets in its flagship pair of diversified funds of funds, SGL Universal and SGL Universal II.

  • Titanium Fund Dips In April

    May 20, 2005

    London-based Titanium Capital's global event-driven arbitrage fund was down 1.07% in April.

  • Updated Searches Table

    May 20, 2005

  • Will Global Macro Be The Next Big Thing?

    May 20, 2005

    Consultants and public funds are being educated on global macro hedge funds, a less crowded option for those interested in entering the hedge fund space or diversifying their alternatives portfolios.


 

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