Stories

  • Calif. UFCW Hires Managers

    July 18, 2005

    The $3.4 billion United Food & Commercial Workers-Northern California Employers Joint Pension Trust Fund has hired private equity and fund of hedge funds managers to handle $100 million and will select alternative managers in the next couple of months for an additional $240 million.

  • Citadel Swoops On Lehman Equity Chiefs

    July 18, 2005

    Citadel Investment Group has hired Neil McDonald, head of equity derivatives flow trading for Europe at Lehman Brothers in London.

  • Convertible Arb Funds Turn To Out-Of-The-Money Puts

    July 18, 2005

    Hedge funds have started hedging convertible bonds by buying up cheap, deep out-of-the-money put options as a less risky alternative to shorting stock.

  • FSA Highlights Potential Hedge Fund Conflicts

    July 18, 2005

    Investment management firms that have traditionally only managed mutual funds could face conflicts of interests if they decide to also manage hedge funds, a Financial Services Authority official has warned.

  • Hedge Fund Case Shows Dangers Of Integration Strategies

    July 18, 2005

    An enforcement action against two affiliated investment advisers for failing to integrate two hedge funds with near identical investment strategies has illustrated the danger of offering identical investment strategies in separate funds.

  • Ohio Highway Patrol Considers Tactical Asset Allocation

    July 18, 2005

    The $700 million Ohio State Highway Patrol Retirement System has put a fund of hedge funds search on hold while it contemplates a possible $35 million global tactical asset allocation mandate.

  • Ontario Rejects Accredited Investor Exemption

    July 18, 2005

    Regulators in Ontario are balking at a country-wide proposal that would exempt funds from filing prospectuses if the manager is an accredited investor.

  • "If you have enough clout and enough money, you can effect some kind of change."

    July 15, 2005

    Phillip Goldstein of Bulldog Investors, on how hedge funds are able to be successful activist investors.

  • Amplitude Grows Research Effort

    July 15, 2005

    London-based hedge fund start-up Amplitude Capital has lined up an analyst who is expected to come onboard in the next few weeks.

  • Blackstone Launches Distressed Debt Fund

    July 15, 2005

    The Blackstone Group has launched a single-manager distressed debt fund.

  • Blackstone's James Downplays Hedge Fund Threat

    July 15, 2005

    Tony James, president of The Blackstone Group, said the threat of competition posed by hedge funds playing in the private equity arena is overblown.

  • Brownstone To Seed Managers

    July 15, 2005

    Brownstone Advisors, a New York-based fund of funds firm with $100 million, is seeking niche strategy hedge funds to seed.

  • Completed Searches Table

    July 15, 2005

  • Danish Firm To Incubate Managers

    July 15, 2005

    Copenhagen-based Scandium Invest is planning to bring two existing single-managers in-house and incubate them as the first part of what will become a larger platform of funds.

  • Ex-Citi Trio Becomes Quartet

    July 15, 2005

    The three former Citigroup managing directors who departed the firm to start Claren Road Asset Management have been joined by a fourth member from Citi.

  • Former Citadel Pro Launches Energy Fund

    July 15, 2005

    Matthew Epstein, who was formerly an energy analyst at Citadel Investment Group, has started Greenwich, Conn.-based Aremet Capital Management and launched an energy fund with $75-100 million.

  • Former Kraft Chief's Kin To Launch Unique Funds

    July 15, 2005

    The Dumbarton Group, a New York-based investment firm run by the grandson of the late William Beers, chairman and ceo of Kraft Foods, is launching a series of alternative funds with unique twists.

  • Former WSJ All-Star Analyst Heads To Calif. Startup

    July 15, 2005

    Justin Vaicek, a Wall Street veteran who spent the last few years as cfo of a boutique California eyewear firm, was hired as portfolio manager by hedge fund startup Mont Pelerin Capital.

  • Fulcrum Starts Consulting Program

    July 15, 2005

    Fulcrum Investment Group, a third-party marketing firm started by former Promethean Investment Group official John Morris, has launched HedgeConsult, a consulting program for hedge fund managers.

  • Galena Plans Special Situations Fund

    July 15, 2005

    London-based Galena Asset Management, a subsidiary of commodity trading firm Trafigura Group, is planning to roll out a special situations fund toward the end of the year.

  • Garrison Family Plans Fund

    July 15, 2005

    The Garrison family is building a multi-strategy hedge fund that will help fund a new investment center at the University of Arkansas, which the family is sponsoring.

  • Gems Advisors Plans Asian, U.S. Growth

    July 15, 2005

    Gems Advisors is planning to make a big push for assets from Asia and, later, the U.S.

  • Global Advisors Targets Asset Growth

    July 15, 2005

    Global Advisors, the London- and New York-based commodities manager, is planning to reopen its $380 million energy and metals fund before the end of the year, with the intention of increasing assets to $500 million.

  • Hedge Funds After Best Mutual Fund Clients

    July 15, 2005

    A longtime hedge fund executive is warning mutual fund companies that hedge funds are after their very top clients and they have a historic opportunity to better leverage their distribution capabilities.

  • Hedge Funds Flex Muscles With Troubled Companies

    July 15, 2005

    More hedge funds are turning to activist investing to unlock value from distressed companies.

  • Hedge Funds Shake Off Regulatory Concerns

    July 15, 2005

    Despite increased regulatory scrutiny, most hedge funds and funds of funds are not concerned that increased regulation will have a large impact on the industry, according to a recent study by KPMG International and CREATE, a London-based think tank.

  • HSBC Mulls New Single-Strategy Funds

    July 15, 2005

    HSBC's hedge fund unit, HSBC Alternative Investments Limited, is considering spinning out new offerings from its multi-strategy arbitrage fund.

  • London Firm Makes Marketing Push

    July 15, 2005

    London-based Eddington Capital Management is making a push to grow its multi-strategy fund of hedge funds, which invests in niche managers.

  • Mellon Decides Against Fund Close

    July 15, 2005

    Mellon Global Alternative Investments has reversed its decision to hard-close its $400 million flagship Mellon Sanctuary Fund.

  • N.Y. Firm To Launch Currency Fund

    July 15, 2005

    Proteom Capital Management, a New York-based hedge fund run by Caissa Capital co-founder Jonathan Kinlay, is expected to roll out a currency fund in the coming months.

  • New Searches Table

    July 15, 2005

  • Park Place Prepares To Soft-Close Fund

    July 15, 2005

    London-based Park Place Capital, which manages approximately $200 million, will soft-close its concentrated, "best ideas" European long/short fund on Aug. 1.

  • Portland Firm Rolls Out Stat Arb Fund

    July 15, 2005

    Portland, Ore.-based Beacon Rock Capital has launched an options-based statistical arbitrage fund.

  • Potential Searches Table

    July 15, 2005

  • Renaissance Targets Pension Funds

    July 15, 2005

    Hedge fund mammoth Renaissance Technologies is planning to make a push for pension assets.

  • Swedish Family Office Invests In Hedge Fund

    July 15, 2005

    Michael Östlund & Company, a Stockholm firm that started as a family office, will invest in ProfitFundCom, a Liechtenstein-based hedge fund manager, as part of a larger partnership between the two firms.

  • Taylor Hires Counsel

    July 15, 2005

    The Taylor Companies, the firm run by well-known manager Thomas Taylor, has hired a counsel. Christine Woodhouse was tapped to fill the role, said Spokeswoman Cathleen Rittereiser, declining to elaborate.

  • Toronto Firm To Roll Out Leveraged Funds

    July 15, 2005

    Abria Financial Group, a fund of funds firm based in Toronto, is launching levered versions of its flagship diversified arbitrage funds on Aug. 1.

  • Updated Searches Table

    July 15, 2005


 

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