Stories

  • "I think anything is acceptable to investors if the returns are there."

    June 17, 2005

    Nicholas Verwilghen, head of quantitative research at EIM Group, on why fund of funds investors would not object to his idea of paying management fees for underlying managers in which the fund is not invested in order to reserve capacity.

  • ABN Amro Readies German Retail Push

    June 17, 2005

    ABN Amro Asset Management is preparing to target retail investors with its onshore German fund of funds.

  • Alpha-Bets Conference

    June 17, 2005

    Financial Research Associates held its Alpha-Bets conference last week at the Monterey Plaza Hotel & Spa in Monterey, Calif.

  • Bear Stearns Vets To Launch Event-Driven Fund

    June 17, 2005

    Steven Audi and Kevin Robik, who worked together at Bear Stearns in the mid-90s, have formed Balance Asset Management and are planning to launch an event-driven fund with $300 million.

  • BofA Nabs Former Andor Official

    June 17, 2005

    Banc of America Securities has hired David Strasser, a founding partner of hedge fund firm Moda Partners, who formerly ran the consumer group for the Andor Diversified Growth portfolio.

  • Calif. County Eyeing Hedge Funds

    June 17, 2005

    The $375 million Imperial County (Calif.) Employees Retirement System is getting educated about hedge funds.

  • Completed Searches Table

    June 17, 2005

  • Copenhagen Firm Plans Fund

    June 17, 2005

    Copenhagen-based Scandium Invest is planning to launch an onshore version of its offshore multi-strategy fund of hedge funds in September or October.

  • Crédit Agricole Lines Up Analysts

    June 17, 2005

    Crédit Agricole Alternative Investment Products Group, which manages $11 billion, has lined up a junior analyst to join the team in the next few weeks.

  • Delegates Kick Back In Monterey

    June 17, 2005

    About 100 hedge funds, funds of funds, consultants, pensions, foundations and endowments spent a few relaxing days in Monterey, Calif., last week at Financial Research Associates' Alpha-Bets conference.

  • Demand Creates Need For New Strategies

    June 17, 2005

    Hedge funds are in a supply and demand cycle that will lead them to develop new strategies and seek different opportunities as the demand for higher returns increases and the actual returns diminish.

  • Eden Rock Sees Slight Redemptions

    June 17, 2005

    London-based fund of hedge funds firm Eden Rock Capital Management has seen redemptions from its $50 million multi-strategy Eden Rock Fund.

  • Ex-KBC Execs Plan Marketing Drive

    June 17, 2005

    Erasmus Capital, the Brussels-based start-up founded by Karl Ottevaere and Jan De Spiegeleer, ex-managing directors at KBC Financial Products, is planning to begin marketing its fund around September.

  • Firms Dismiss EIM Honcho's Capacity Idea

    June 17, 2005

    Single managers and funds of funds have rejected a recently floated trial by Nicholas Verwilghen, head of quantitative research at behemoth EIM Group, that called for a unique way to reserve capacity.

  • GAM Honcho Joins Muirfield

    June 17, 2005

    Craig Brownell, director of institutional business at GAM, has left to join fund of funds firm Muirfield Capital Management.

  • GoldenTree Readies Multi-Strat Fund

    June 17, 2005

    Hedge fund giant GoldenTree Asset Management, which is run by Steven Tananbaum and Leon Wagner, is planning to roll out a multi-strategy fund next month that will invest in the firm's existing strategies.

  • Greylock To Launch Macro Fund

    June 17, 2005

    Greylock Capital Management, a $1 billion hedge fund firm run by emerging market debt investor Hans Humes, is planning to launch a global macro fund in August.

  • Hedge Fund Provides Secondary Offering Vehicle

    June 17, 2005

    Cornell Capital Partners a hedge fund based in Jersey City, N.J., has a structured financing vehicle that supplies companies a revolving line of credit via a secondary public offering, in exchange for discounted shares.

  • Innovation Key To Hedge Fund Success

    June 17, 2005

    Hedge funds employing strategies such as equity long/short, fixed-income arbitrage and convertible arbitrage will need to adapt to the changing market or continue to see their returns shrink.

  • Landmark To Open Two Funds

    June 17, 2005

    Landmark Investments is opening its Landmark Select Fund and Landmark Value Strategies Global hedge funds to outside investors July 1.

  • Many Top Funds Already Registered

    June 17, 2005

    Nearly half of the 100 biggest hedge fund firms are already registered with the Securities and Exchange Commission.

  • Montreal Firm Rolls Out Onshore Fund

    June 17, 2005

    Montreal-based Crystalline Management has launched its second onshore hedge fund.

  • Nordic Hedge Fund Industry Set To Swell

    June 17, 2005

    Hedge fund managers are predicting an explosion in the number of funds in the Nordic region over the next couple of years in response to regulatory changes.

  • Oak Hill Readies Fund

    June 17, 2005

    Oak Hill Platinum Partners, an investment firm run by billionaire Robert Bass and his investment team, is planning to roll out a higher risk version of its $1.8 billion Oak Hill Contingent Capital Fund.

  • Potential Searches Table

    June 17, 2005

  • RAB Eyes Emerging Markets

    June 17, 2005

    London-based hedge fund giant RAB Capital is planning to increase its exposure to emerging markets, including investing in Asia ex-Japan for the first time.

  • San Diego County Seeks Multi-Strat Funds

    June 17, 2005

    The $6.3 billion San Diego County Employees Retirement Association is seeking three multi-strategy hedge funds to add to its portfolio this summer.

  • San Francisco Firm Goes Long On Google, Yahoo

    June 17, 2005

    Crosslink Capital, a San Francisco-based venture capital/hedge fund firm with $1 billion in total assets, is bullish on search engine companies and has its two biggest positions staked in Yahoo and Google.

  • Seen & Heard

    June 17, 2005

    * BIG BALLS: Conferences are known for the free gifts vendors provide.

  • Updated Searches Table

    June 17, 2005


 

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