Stories

  • "The ICI has taken over the tarmac at LaGuardia."

    June 10, 2005

    --Jack Gaine, president of the Managed Funds Association, on why it was more than thunderstorms in New York delaying delegates arrivals at his Chicago event.

  • Completed Searches Table

    June 10, 2005

  • Delegates Party In Lausanne

    June 10, 2005

    Recent difficulties across most hedge fund strategies failed to lower spirits at last week's GAIM 2005 conference in Lausanne.

  • Duff, Swieca Urge Biz Development

    June 10, 2005

    Two of the industry's biggest names spoke on separate occasions of the need for hedge fund managers to shift their professional orientation, from one of portfolio management to business development.

  • EIM Honcho Outlines New Way To Secure Capacity

    June 10, 2005

    Nicholas Verwilghen, head of quantitative research at fund of funds titan EIM Group, told delegates that he expects funds of funds to begin paying management fees for underlying funds in which they are not invested in order to reserve capacity.

  • GAIM 2005 Conference

    June 10, 2005

    ICBI held its GAIM 2005 conference last week at the Beaulieu Conference Centre in Lausanne, Switzerland.

  • Investors Hit Back At High Fees, Lockups

    June 10, 2005

    Institutional investors are starting to be critical of hedge fund managers that apply higher fees and longer lockup provisions.

  • Managed Funds Association Conference

    June 10, 2005

    The Managed Funds Association held its Forum 2005 conference last week at The Fairmont Chicago.

  • Meyer Sees Convergence, IPOs

    June 10, 2005

    Frank Meyer, founder of Glenwood Capital Investments, told attendees during a keynote address last Monday that he expects more hedge fund firms to go public, while others will converge.

  • Potential Searches Table

    June 10, 2005

  • Saxo Bank Preps Macro Fund

    June 10, 2005

    Saxo Bank Fund Management will launch a global macro hedge fund on July 1. The firm has been running a global macro program, managed by Steen Jakobsen, since 2003.

  • Seen & Heard

    June 10, 2005

    CONSPIRACY THEORIST: Thunderstorms on the East Coast managed to keep several attendees from reaching the Windy City on time.

  • Seen & Heard

    June 10, 2005

    ABREAST OF THE SITUATION: After leaving an exclusive nightclub, several groups found themselves in a strip club just along the street.

  • Updated Searches Table

    June 10, 2005

  • Windy City Soiree

    June 10, 2005

    About 400 hedge funds, CTAs, vendors and investors descended on Chicago last week for the Managed Funds Association Forum 2005.

  • 1990s Traders Return To Scene

    June 09, 2005

    Tony Bohannon and Leon Tompkins, who were traders in the 1990s, have resurfaced to start Bentford Group, a global macro firm.

  • Absolute Return Boutique Plans Acquisitions

    June 09, 2005

    London & Capital, an absolute return boutique with $1.6 billion in assets under management, is looking to make two acquisitions outside the U.K. market by the year-end.

  • Agricultural Fund To Hire First Alternative Managers

    June 09, 2005

    The €300 million pension fund for the Dutch agricultural wholesale sector, Bedrijfspensioenfonds voor de Agrarische en Voedselvoorzieningshandel, is in the final stages of hiring its first alternatives managers.

  • Conn. Firm Gains On Talk America Play

    June 09, 2005

    Kettle Creek Partners' $8 million Kettle Creek Small Cap Fund is up 3.63% year-to-date due in part to its long position in Talk America Holdings, a telecommunications company.

  • Credit Trader Departs Concordia

    June 09, 2005

    Joshua Ackman, credit trader at hedge fund Concordia Advisors in New York, has left the firm.

  • DKR Hires Marketer For Europe

    June 09, 2005

    Stamford, Conn.-based DKR Capital has hired Lakhshimi Kapoor from Goldman Sachs to market the fund in Europe.

  • Dorset Firm To Grow Vol. Fund

    June 09, 2005

    Sherbourne, Dorset-based hedge fund firm RA Asset Management is planning to market its volatility fund for the first time.

  • Ex-Carlson Officials Ready Fund

    June 09, 2005

    Verity Capital Partners, which is run by a group of former officials from Carlson Capital, is readying a multi-strategy hedge fund.

  • GAM Marketer Bolts

    June 09, 2005

    David Anderson, a managing director of marketing for GAM, has resigned and will be leaving the firm at the end of the month.

  • Goldstein Throws SEC Argument Back In Its Face

    June 09, 2005

    A plaintiff battling the Securities and Exchange Commission's hedge fund registration rule has seized upon the SEC's statement that the intent of Congress was "ambiguous" on an issue crucial to the case.

  • GSC Hires Merrill ABS Pro

    June 09, 2005

    GSC Partners, the $7.4 billion hedge fund and private equity firm, has hired Wenbo Zhu as senior v.p. in the structured finance group to head up its quantitative analysis and analytics team.

  • Insinger Markets Funds

    June 09, 2005

    Amsterdam-based Insinger de Beaufort Asset Management is actively marketing its two single-manager hedge funds for the first time.

  • IPM Mulls Commodity Fund

    June 09, 2005

    Stockholm-based Informed Portfolio Management is considering developing a commodity hedge fund. Institutional investors that have invested passively in commodity indices are now looking for more dynamic exposure, viewing commodities as a potential source of alpha, said Igor Yelnik, partner, director of fund products.

  • Mellon Sub Plans Multi-Manager Fund

    June 09, 2005

    EACM Advisors, the Connecticut-based fund of funds subsidiary of Mellon Financial, is planning to launch a multi-manager vehicle in about three months that will invest in a range of Mellon single-manager hedge funds.

  • Mich. Pension Considering Private Equity Boost

    June 09, 2005

    The $4.8 billion Michigan Municipal Employees Retirement System will likely increase its allocation to private equity and real estate.

  • Mutual Fund Administrator Starts Hedge Fund Arm

    June 09, 2005

    Gemini Fund Services, which provides compliance and administrative services to mutual funds, is now targeting hedge funds.

  • Osprey To Roll Out Distressed Fund

    June 09, 2005

    Osprey Group Asset Management is planning to launch a distressed fund sometime in the next month.

  • Pickens Crony Preps Fund

    June 09, 2005

    Garrett Smith, who has a long-time connection to Texas oilman and famed corporate raider Boone Pickens, has started Spinnerhawk Capital Management.

  • Russian Fund Debuts With Cash From Ritchie Capital

    June 09, 2005

    A trio of former senior officials from Russian investment firm Troika Dialog have formed Red Star Asset Management and launched a fund with $50 million from Ritchie Capital Management that invests in Russia, Eastern Europe and states of the former Soviet Union.

  • Soros Spin-Off Taps Citi Vet To Head Marketing Effort

    June 09, 2005

    Bill Young, formerly of Citigroup, has been hired by Camulos Capital to head the firm's marketing efforts.

  • Stenham Eyes Increased Asia Exposure

    June 09, 2005

    Stenham Advisors, the London-based fund of funds and wealth management firm with $1.5 billion under management, is planning to increase its exposure to Asia ex-Japan hedge fund managers.

  • Threadneedle To Mount U.S. Hedge Fund Push

    June 09, 2005

    London-based Threadneedle Investments, with $1.7 billion in hedge fund assets, is planning its first major push for hedge fund assets from U.S. investors.

  • Toronto Firm Preps Fund

    June 09, 2005

    Salida Capital Corp., a C$500 million Toronto-based hedge fund firm, is planning to launch a global macro fund on July 1.


 

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