Stories

  • "We are not talking about organizations that conduct business over a kitchen table,"

    August 26, 2005

    Robert Plaze, associate director of the Securities and Exchange Commission's Division of Investment Management, on why he is not sympathetic to the prospect of hedge funds missing the Feb. 1 registration deadline.

  • 30% Of Hedge Fund Assets Reside In Conn.

    August 26, 2005

    An informal study by the Connecticut Hedge Fund Association finds that roughly $300 billion, or about one-third of the hedge fund industry's estimated $1 trillion, is managed by Connecticut firms.

  • Bear Stearns To Launch Asian Fund of Funds

    August 26, 2005

    Bear Stearns is preparing to launch a $400 million Asian fund of funds within the next two months.

  • Campbell Head Trader Rides Off Into Sunset

    August 26, 2005

    Doug York, head trader at $7 billion commodities trading advisor Campbell & Co., is retiring this week.

  • Canadian Firm Kicks Off Trio Of Hedge Funds

    August 26, 2005

    Chartwell Asset Management, a Vancouver-based firm with approximately C$30 million under management, has launched its first hedge funds.

  • Canadian Prime Broker Makes First London Sales Hire

    August 26, 2005

    Toronto-headquartered Scotia Capital has made a first prime brokerage sales hire for its London office.

  • Completed Searches Table

    August 26, 2005

  • CSAM Taps INVESCO Vet To Head High Yield Group

    August 26, 2005

    Credit Suisse Asset Management has hired Martha Metcalf from INVESCO to head up its high yield group.

  • Dallas Firm Taps Analyst

    August 26, 2005

    Dallas-based Clover Partners has hired an additional analyst to round out its team as assets have nearly doubled.

  • Dutch Firm Puts The Brakes On Fund Launch

    August 26, 2005

    Amsterdam-based Aster-X Capital Management has delayed the launch of a U.S. dollar-denominated, Luxembourg-based version of its long/short European equity fund for the second time.

  • Gieger Leaves Lombard Odier For GAM

    August 26, 2005

    Joe Gieger, president and managing director at Lombard Odier Darier Hentsch, will join GAM on Sept. 6 as managing director, Americas, heading up the firm's institutional and fund distribution activities.

  • GLG Funds Start Climbing Back

    August 26, 2005

    Two funds managed by London behemoth GLG Partners have started to eek out gains after getting clobbered a few months ago.

  • John Levin Sets Up In London

    August 26, 2005

    New York-based hedge fund manager John A. Levin & Co. has opened an office in London.

  • Louisiana Fund Takes El Paso Stake

    August 26, 2005

    Baton Rouge, La.-based Maple Leaf Partners' fund purchased an equity position in El Paso Corporation in the second quarter.

  • Martin Currie Pushes Revived European Fund

    August 26, 2005

    Edinburgh-based money management giant Martin Currie, having reversed the fortunes of its long/short European equity strategy, has begun marketing the fund aggressively to institutional investors.

  • Mass. City Reviews Hedge Fund Strategy

    August 26, 2005

    The $629 million City of Worcester (Mass.) Retirement System is considering increasing its 2% exposure to hedge funds to 5%. It allocated $12 million, or 2%, to the Massachusetts Pension Reserves Investment Management Board (MassPRIM) last month, but could move that sum and an extra 3% to external hedge fund managers, said Chairman James DelSignore.

  • Mellon Pro Preps Fund

    August 26, 2005

    Robert O'Donnell has left Mellon HBV and is preparing to launch an event-driven fund in the next few months.

  • Mindich's Early Returns Fail To Impress

    August 26, 2005

    Eric Mindich's renowned Eton Park Asset Management has returned 4.9% since launch, on par with an industry benchmark and less than many cheaper, less-risky investments.

  • Muirfield Senior Analyst Departs For Atlantic

    August 26, 2005

    Shruti Bansal, senior analyst at Muirfield Capital Management in New York, has departed to join Atlantic Trust, a private wealth management office.

  • Nascent U.K. Firm Set To Double Assets

    August 26, 2005

    Bristol-based hedge fund firm Beagle Partners, which opened its doors in August 2004, expects to double its assets under management in the next twelve months.

  • New Searches Table

    August 26, 2005

  • Platinum Preps Two Funds

    August 26, 2005

    Platinum Capital Management, a London-based hedge fund firm with approximately $450 million under management, will launch two new funds in early September.

  • Potential Searches Table

    August 26, 2005

  • Russell Launches Retail FoFs For Australian Market

    August 26, 2005

    Russell Investment Group has launched a series of funds of funds that target retail investors in Australia.

  • Schneider Sub Eyes TAA Fund

    August 26, 2005

    PCE Investors, the asset management arm of London-based Schneider Group, is considering offering its global tactical asset allocation strategy in the form of a hedge fund.

  • SEC To Enforce February Filing Date

    August 26, 2005

    The Securities and Exchange Commission will enforce the Feb. 1 compliance date for hedge fund managers to register as investment advisers.

  • Syz Makes Scandinavian Push, Eyes France

    August 26, 2005

    Swiss banking concern Syz & Co., which manages approximately $4.5 billion in alternatives, is targeting Scandinavian institutional investors with its hedge fund offerings for the first time and is also eyeing France, where a regulatory change earlier this year has permitted onshore hedge funds.

  • Transwestern To Launch Hedge Fund

    August 26, 2005

    Chicago-based Transwestern Investments is planning to launch a hedge fund in the next 30 to 60 days, said Reagan Pratt, who was recently hired from Heitman to spearhead the effort.

  • Updated Searches Table

    August 26, 2005

  • Vega Funds Post Modest Rebound

    August 26, 2005

    Hedge funds managed by Vega Asset Management rebounded slightly last month, after a disastrous spring that saw many investors pull their money.


 

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