Stories

  • "[This is] not something to jump up and down with joy on."

    July 08, 2005

    John Pomeroy, cio of Pennsylvania State University's endowment, on the fund's absolute return portfolio's performance.

  • Angelo Gordon Takes Activist Role In Salton

    July 08, 2005

    Hedge fund titan Angelo, Gordon & Co. has agreed to a private debt exchange with Salton Inc., makers of the George Foreman Grill.

  • Boussard Gavaudan Mulls Reopening Fund

    July 08, 2005

    Paris- and London-based hedge fund firm Boussard Gavaudan Asset Management is considering reopening its $1 billion-plus multi-strategy arbitrage fund for new investment.

  • Cheyne To Launch $3 Billion Structured Vehicle

    July 08, 2005

    Cheyne Capital Management, the $23 billion London-based asset management firm, is launching Cheyne Finance, a $3 billion structured investment vehicle (SIV).

  • CSFB Credit Pro Joins Goodman

    July 08, 2005

    GSO Capital Partners, Bennett Goodman's hedge fund firm that spun out of Credit Suisse First Boston last year, has nabbed another pro from CSFB.

  • Danish Firm Grows Team

    July 08, 2005

    Copenhagen-based fund of funds firm Scandium Invest is expanding its team by hiring a portfolio manager and a head of sales and marketing.

  • Ex-JPMorgan Derivatives Honcho To Roll Out Offering

    July 08, 2005

    Gerald Hanweck, Jr., formerly JPMorgan's chief equity derivatives strategist, has started Huntdale Capital Management and is planning to launch a fund in September.

  • Ex-Old Mutual Managers Hit Launch Hold-Up

    July 08, 2005

    Aphelion Capital, a London-based start-up hedge fund firm formed by a group of former Old Mutual Asset Managers quantitative equity pros, has pushed back the launch of its large-cap market neutral hedge fund because of legal delays.

  • Former Soros Manager Readies Fund

    July 08, 2005

    Mike Donatelli, formerly a merger arbitrage portfolio manager at Soros Fund Management, is ramping up a new fund at his firm EAC Management.

  • George Weiss Pro Seen Launching Fund

    July 08, 2005

    Daniel Michaels, an analyst and portfolio manager at billion-dollar hedge fund firm George Weiss Associates, is expected to roll out his own long/short equity fund. Michaels is said to be receiving seed capital from the firm and has completed capital raising for his fund.

  • German Firm To Launch Fund of Funds

    July 08, 2005

    German firm Nauerz & Noell is planning to launch a fund of funds in the next three months.

  • Global Macro Fund Takes Short Positions On U.S. Interest Rates

    July 08, 2005

    Combinatorics Capital added to its two largest positions on July 1; short bets on three-month Eurodollar futures and 10-year U.S. Treasuries.

  • Gottex Kicks Off Massive Asia Push

    July 08, 2005

    Gottex Fund Management, the Lausanne, Switzerland-based fund of funds firm with $5 billion under management, is planning to double its exposure to Asian hedge fund managers and roughly quadruple its assets from Asian investors.

  • HSBC Sees Interest From U.S. Investors

    July 08, 2005

    HSBC's single-manager hedge fund arm, HSBC Alternative Investments Limited, is benefiting from growing interest in its Continental European Alpha Fund from U.S. investors.

  • Idaho Firm Launches Offshore Energy Fund

    July 08, 2005

    Sawtooth Investment Management, a hedge fund firm in Boise, Idaho, is launching an offshore version of its McOmber Energy Fund on Aug. 1, domiciled in the Bahamas.

  • Japan Small-Cap Fund Set To Close

    July 08, 2005

    London- and Tokyo-based start-up PBG Capital is planning to close its Japan long/short equity fund to new investors at the end of the month.

  • London Firm Sees Interest From Funds of Funds

    July 08, 2005

    London Firm Sees Interest From Funds of Funds London-based, credit-focused hedge fund firm Ilex Asset Management is expecting a large inflow of assets in the next few months.

  • London Fund of Funds Plans Hires

    July 08, 2005

    FIM, a $2 billion fund of hedge funds firm, is planning to add staff to its main office in London as well as to its newly-formed New York outpost.

  • Magnetar To Include Direct Lending Strat

    July 08, 2005

    Magnetar Capital, the massive startup launched by a former principal at Citadel Investment Group, will engage in direct lending when it launches its fund this fall. Magnetar is run by Alec Litkowski from Citadel and Ross Laser, formerly president of Glenwood Capital Management, and expects to launch with $2 billion (AIN, 6/27).

  • Muirfield Makes Institutional Push

    July 08, 2005

    Muirfield Capital Management, a $700 million fund of funds shop run by three former Donaldson, Lufkin & Jenrette pros, is looking to grow its institutional business.

  • New Searches Table

    July 08, 2005

  • New York Firm Rolls Out Fund of Funds

    July 08, 2005

    Rye, N.Y.-based Gordon Asset Management has launched an offshore version of its AIJED Multi-Manager Absolute Return Fund.

  • Orn Puts The Brakes On New Fund Plans

    July 08, 2005

    London-based hedge fund firm Orn Capital has dropped plans to launch new sector-specific hedge funds.

  • Penn State Evaluates Hedge Fund Opportunities

    July 08, 2005

    Pennsylvania State University is evaluating whether to put additional money into hedge funds.

  • Pentium Plans Currency Fund

    July 08, 2005

    Swiss hedge fund firm Pentium Fund, with €400 million under management, is planning its fifth offering.

  • Potential Searches Table

    July 08, 2005

  • Thai Fund Bets On Slowdown

    July 08, 2005

    Knight PF Management's Knight Pacific Fund recently put on a number of trades to capitalize on slowing infrastructure development in China and high oil costs.

  • Updated Searches Table

    July 08, 2005


 

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