Stories

  • ADV Could Shed Light On Hedge Fund Investment Terms

    July 25, 2005

    The Securities and Exchange Commission could look to the investment adviser registration Form ADV to determine what terms hedge fund managers are offering investors, said Cynthia Fornelli, securities regulation and conflicts management executive at the Bank of America.

  • Goodman Hedge Fund Buys RBC CDO Biz

    July 25, 2005

    Bennett Goodman's hedge fund GSO Capital Partners has inked a deal with RBC Capital Markets to buy its collateralized debt obligation business.

  • JPMorgan Derivatives Chiefs Plan Hedge Fund

    July 25, 2005

    Christian Dalban, the ex-global co-head of equity derivatives at JPMorgan in London and Clemens Lansing, European head of flow derivatives trading and relative value at the firm, are planning to launch a hedge fund together.

  • Michigan Foundation Moves Into Alts.

    July 25, 2005

    Seeking to diversify, the $115 million Community Foundation of Greater Flint has made a 15% maiden allocation to hedge funds, private equity and real assets.

  • Star HY Trader Joins Citadel

    July 25, 2005

    Joe Russell, the former head of leveraged loan and high-yield debt trading at Credit Suisse First Boston, has accepted an offer to start at hedge fund Citadel Investment Group.

  • Vendor Enhances Hedge Fund Trade Monitoring System

    July 25, 2005

    New York-based Advanced Financial Applications is developing a system for enabling hedge fund managers to monitor traders and to oversee valuations.

  • "It's a distraction when you are on the front page of the Wall Street Journal every day."

    July 22, 2005

    Tom Juterbock, formerly head of global macro proprietary trading at Morgan Stanley, on the working environment during the public spat between Phil Purcell and dissident shareholders.

  • Bass Bros. Start Higher Risk Fund

    July 22, 2005

    BBT, the Fort Worth, Texas, firm run by billionaires Sid and Lee Bass, has started a new fund to manage its personal assets more aggressively than via its existing multi-strategy fund.

  • Citi Honcho Rolls Out Fund

    July 22, 2005

    Daniel Lewis, who departed Citigroup's global special situations group to form Orange Capital last winter, has launched the firm's inaugural fund.

  • Commerzbank Debuts Fund of Funds

    July 22, 2005

    Commerzbank's Alternative Investment Strategies group has rolled out a fund of funds.

  • Completed Searches

    July 22, 2005

  • Council Mulls Alternatives, Overlay Strategies

    July 22, 2005

    Bath & North East Somerset Council plans to look at the alternative asset class spectrum and overlay strategies at a triennial asset liability study to start shortly.

  • Ex-J O Hambro Pro Seeks Analyst

    July 22, 2005

    Stuart Mitchell, partner and head of specialist European equities at J O Hambro Investment Management who left recently to set up his own firm, is looking to hire an analyst.

  • Ex-Morley CIO Rolls Out Macro Fund

    July 22, 2005

    Gerald Holtham, the former cio of investment management giant Morley Fund Management, has formed Cadwyn Capital and launched a global macro fund.

  • FrontPoint Preps Japan Funds

    July 22, 2005

    FrontPoint Partners, the $4 billion Greenwich, Conn.-based hedge fund firm, is expected to launch three Japan-focused hedge funds on Aug. 1.

  • GLG Credit Fund Continues To Stagger

    July 22, 2005

    U.K. giant GLG Partners' credit hedge fund is continuing its downward slide that began in March, slipping 4.73% last month.

  • Gottex Set To Launch New Share Classes

    July 22, 2005

    Gottex Fund Management, the Swiss fund of funds giant that manages $5 billion, will launch a range of new non-leveraged share classes for its $4.5 billion Gottex Market Neutral Fund on Oct 1.

  • Ivy Investment Head Departs For UBP

    July 22, 2005

    Lara Sevanot, head of investments at Ivy Asset Management in London, has left the firm to join Union Bancaire Privée Asset Management in Geneva.

  • Mass. Fund Loses On Visteon Bet

    July 22, 2005

    D.A. Capital Management's long/short equity fund was down 1.42% in May largely on the heels of a short position in Visteon Corporation.

  • Merton Wheels Out Funds

    July 22, 2005

    Integrated Finance Limited, the asset management firm co-founded by Nobel laureate Robert Merton, is rolling out a hedge fund and fund of hedge funds.

  • N.Y. Manager Pounces On AIG, Exxon

    July 22, 2005

    New York-based Chimay Capital Management's $100 million equity long/short fund took advantage of higher oil prices and a regulatory scandal with long positions in Exxon Mobil and American International Group, respectively.

  • New Searches Table

    July 22, 2005

  • Nykredit Considers Single-Manager Funds

    July 22, 2005

    Nykredit Portfolio, the fund management and administration arm of Danish mortgage and banking firm Nykredit, is considering developing single-manager hedge funds for the first time.

  • Ospraie Launches Long-Only Fund

    July 22, 2005

    Ospraie Management, which is run by well-known manager Dwight Anderson, has launched the Ospraie Real Return Fund to capitalize on institutions' growing demand for long-only commodities exposure.

  • Park Place Eyes More Funds, Joint Ventures

    July 22, 2005

    London-based Park Place Capital, which manages approximately $200 million, is considering developing new funds.

  • Pentium Plans Commodity Fund

    July 22, 2005

    Swiss hedge fund firm Pentium Fund, which manages approximately €400 million, is planning a commodity fund for the autumn.

  • Perry Pros Prep Fund

    July 22, 2005

    Rick Crosby, Bill Feil and Bill Vernon, who left hedge fund giant Perry Capital earlier this year, are preparing to launch their first fund Oct. 1.

  • Piper Jaffray Officials Launch Fund

    July 22, 2005

    Piper Jaffray & Co. officials Joseph Jasper and David Nicoski have formed Vermilion Capital Management.

  • PMFM Ventures Into Hedge Funds

    July 22, 2005

    Athens, Ga.-based mutual fund manager PMFM is preparing to launch its first hedge fund.

  • Potential Searches Table

    July 22, 2005

  • Prime Brokerage Nabs DB Vet

    July 22, 2005

    Citigroup Global Prime Brokerage has hired Nick Roe, head of global equity finance at Deutsche Bank, as managing director and head of European Equity Finance/Prime Brokerage.

  • Ritchie Capital Makes Macro Play

    July 22, 2005

    Ritchie Capital Management is starting a global macro team and has hired former Morgan Stanley trading veteran Tom Juterbock to lead the effort.

  • U.K. Council Holds Back On U.S. Private Equity Mandate

    July 22, 2005

    The £1.6 billion Norfolk County Council Superannuation Fund has deferred the appointment of a North American private equity fund of funds manager due to its failure to agree on a contract.

  • U.K. Firm Ups Exposure, Remains Defensive

    July 22, 2005

    London-based Progressive Alternative Investments has increased both the long and short exposure of its U.K. mid-and small-cap Stockbridge Fund.

  • U.K. Fund Embarks On Maiden Alts. Foray

    July 22, 2005

    The £420 million Northumberland County Council has tendered a £30 million private equity fund of funds mandate.

  • Updated Searches Table

    July 22, 2005


 

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