Stories

  • "I like being the underdog. What did they say about David and Goliath?"

    May 27, 2005

    Phil Goldstein of Opportunity Partners on the legal community shedding doubt on his ability successfully strike down the Securities and Exchange Commission's registration rule.

  • Bear Stearns Hires Commodities Salesmen

    May 27, 2005

    Bear Stearns International has hired Steve Bingley and Robert Rees as managing directors in its commodities division. Bingley and Rees, who joined the firm at the beginning of the month, will sell the firm's sales and trade execution advisory services to hedge funds, said an official at the firm.

  • BofA Vet Tapped For Fund Startup

    May 27, 2005

    Christopher Ainsworth, a director in Bank of America's alternative asset group, was hired by Mont Pelerin Capital to become its chief administrative officer.

  • Calif. Endowment Hunts For Funds of Funds

    May 27, 2005

    The $3.5 billion California Endowment hopes to hire at least one long/short equity fund of funds to fill part of its 10% target hedge fund allocation, though the exact timing of the move has been thrown into question by the departure of CIO Alex Hsiao in April.

  • Chicago Firm To Launch Fund of Funds

    May 27, 2005

    Chicago-based Mansur Capital is planning an ERISA-only fund of funds, Ontario Institutional Partners, that will closely follow the sector allocation of its existing $350 million Ontario Partners fund.

  • Citi Names Credit Trading Heads

    May 27, 2005

    Citigroup's global fixed-income unit has promoted two officials to run its credit trading group.

  • Completed Searches Table

    May 27, 2005

  • Conn. Tax Hike Talk Sparks Hedge Fund Concern

    May 27, 2005

    The Connecticut General Assembly is considering whether to raise income taxes for its wealthiest citizens, a fair number of whom are hedge fund managers, as part of several new tax packages currently being deliberated by state politicians.

  • Danish Plan Eyes Alternatives

    May 27, 2005

    BankPension plans to look at global real estate, commodities and hedge funds four months from now, after making a first foray into domestic and European real estate.

  • Dubin & Swieca Changes Name

    May 27, 2005

    Dubin & Swieca Capital Management, the $1.2 billion fund of funds giant started by well-known managers Glenn Dubin and Henry Swieca, has changed its name to Corbin Capital Partners.

  • Dutch Supermarket Moves Deeper Into Private Equity

    May 27, 2005

    The €1.5 billion pension scheme for the Dutch supermarket retailer Ahold has hired Egeria Capital Management for a private equity mandate, and another manager for private equity fund of funds.

  • Farallon, Lampert Top Charts

    May 27, 2005

    San Francisco-based Farallon Capital Management, with $12.5 billion in assets, is the largest single-manager hedge fund firm in the world, according to Alpha magazine's 2004 Hedge Fund 100 ranking.

  • Industry Hopes Regulators May Lighten UCITS Ruling

    May 27, 2005

    Industry officials are hopeful the Committee of European Securities Regulators may confirm hedge-fund linked products can be used in a retail fund wrapper.

  • Lawyers Say Goldstein Suit Faces Long Odds

    May 27, 2005

    The Securities and Exchange Commission's response to Phillip Goldstein's legal challenge of the hedge fund registration rule failed to impress the petitioner, but lawyers agreed the odds are stacked against him.

  • LibertyView Credit Fund Dips

    May 27, 2005

    LibertyView Capital Management's credit opportunities fund was down 73 basis points last month.

  • Lyxor Rolls Out Single-Strategy Index Funds

    May 27, 2005

    French behemoth Lyxor Asset Management, a unit of Société Générale, has rolled out a series of eight index funds that track the sub-indices of the MSCI Hedge Invest index.

  • New Searches Table

    May 27, 2005

  • Pirate Snags Citi Credit Honcho

    May 27, 2005

    Pirate Capital, the Norwalk, Conn.-based event-driven firm run by former Goldman Sachs distressed debt maven Thomas Hudson, has hired Carlton Klein from Citigroup Alternative Investments. Klein, who was Citi's chief credit officer, will be a co-portfolio manager at the firm alongside Hudson, said Andrew Stotland, director of sales and marketing.

  • Potential Searches Table

    May 27, 2005

  • RAB Europe Fund Down In April

    May 27, 2005

    London-based RAB Capital's RAB Europe Fund used an index futures position to hedge some of the market decline in April, but was still down 1.28% for the month.

  • Salton Shrugs Off Loeb

    May 27, 2005

    Officials at Salton Inc., makers of the George Foreman Grill, are not concerned about a creditors' committee being formed by outspoken hedge fund manager Dan Loeb, ceo of $3 billion Third Point. The company has $125 million of 10 3/4% senior subordinated notes due in December.

  • SEC Targets Sham Transactions

    May 27, 2005

    The Securities and Exchange Commission expects to bring more actions against hedge fund advisers in connection with what the SEC deems "sham transactions."

  • Short Maven Returns To Launch Long-Only Fund

    May 27, 2005

    Joseph Feshbach, a pioneer of informational short-selling, has returned from a lengthy absence to launch a long-only hedge fund.

  • South Carolina Fund Mulling Alts. Boost

    May 27, 2005

    The $50 million Spartanburg County Foundation will consider adding private equity and real assets this fall to boost returns and cut volatility.

  • U.K. Club To Open N.Y. Office

    May 27, 2005

    Zeta Fund, a London-based private investment group that manages internal hedge funds, is planning to open an office in New York.

  • UBP Makes Senior Hires

    May 27, 2005

    UBP Asset Management, the $6 billion U.S. subsidiary of fund of funds giant Union Bancaire Privée, has made two senior hires in its portfolio management division.

  • UBS Team To Start Prime Brokerage

    May 27, 2005

    Four members of UBS prime brokerage trading group will be starting their own prime brokerage firm June 1.

  • Updated Searches Table

    May 27, 2005

  • WMG Hires Schroders Portfolio Manager

    May 27, 2005

    WMG, the London-based firm started by ex-Commerzbank honcho Mehmet Dalman, has hired Heather Crighton as a long/short equity manager.


 

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