Stories

  • "We don't think it's going to change anything."

    September 23, 2005

    Yngve Jordal , senior product specialist at Norway's Orkla Finans, on recent regulatory changes in Scandinavian countries and why Orkla's funds continue to be listed in Ireland.

  • Citadel Preps Mega Asian Equity Build-Up

    September 23, 2005

    Citadel Investment Group is looking to add 50-100 equity specialists in Hong Kong, a move that will likely shake up compensation levels across the asset class and also the market share of current players.

  • Citadel Seen Launching Distressed Play

    September 23, 2005

    Citadel Investment Group is rolling out a distressed debt fund early next year, according to an insider at the $12 billion hedge fund shop.

  • Completed Searches Table

    September 23, 2005

  • Conn. Firm Seeks Researchers

    September 23, 2005

    Global Securities Advisors, a Greenwich, Conn.-based fixed-income arbitrage firm, is looking to add several researchers for the firm's Global Securities Market Neutral Fund.

  • Coronation CIO Exits To Launch CTA

    September 23, 2005

    Arne Hassel, cio at $1.2 billion London-based fund of funds firm Coronation International, has left the firm to launch a CTA strategy.

  • Danish Firm Readies Structured Note

    September 23, 2005

    Danish firm Copenhagen Fund Management is preparing to launch its first structured product.

  • DDJ Taps Senior Analyst

    September 23, 2005

    Distressed debt shop DDJ Capital Management has tapped Jim Kime, a credit analyst at $600 million hedge fund Feingold O'Keeffe Capital, as senior analyst.

  • Eidesis To Reopen Structured Credit Fund

    September 23, 2005

    New York-based hedge fund firm Eidesis Capital is reopening its flagship Eidesis Structured Credit Fund Oct. 1.

  • First Choice May Board Alts. Wagon

    September 23, 2005

    The defined contribution scheme of tour operator First Choice Holidays is considering a first foray into alternatives to diversify and enhance returns.

  • Gartmore Lobbies For Retail Funds Of Hedge Funds

    September 23, 2005

    Gartmore, a U.K. mutual fund and hedge fund manager, will lobby the Financial Services Authority to allow funds of hedge funds to be sold to retail investors.

  • Idaho Firm Launches Paris Outpost

    September 23, 2005

    Sawtooth Investment Management, the Boise, Idaho-based hedge fund firm, has opened an office in Paris as part of its efforts to market to international investors.

  • Insurer To Increase Hedge Fund Exposure

    September 23, 2005

    Allstate Investments is planning to increase its hedge fund exposure and switch the management of hedge fund strategies to managed account platforms, instead of using funds of funds.

  • Lehman Nabs Auda Honcho

    September 23, 2005

    Lehman Brothers has hired William Bassin as a senior v.p. of derivatives trading. Bassin joins the firm from Auda Advisor Associates, where he was a senior v.p.

  • Loeb Ups Western Gas Stake

    September 23, 2005

    Third Point Management added to its investment in the Western Gas Resources last month when the company' stock was trading around 42-44, according to filings with Securities and Exchange Commission.

  • London Firm To Make Push For Assets

    September 23, 2005

    Hydra Capital Management, a London-based hedge fund firm that manages $75 million in a fixed income arbitrage fund, is planning to grow its offering to $250 million and soft-close by the end of next year.

  • Lyxor And GLG Join Forces For Fund Of Funds

    September 23, 2005

    Lyxor Asset Management, the $50 billion fund of funds firm, has teamed up with hedge fund mammoth GLG Partners to launch a fund of funds that will invest in three existing GLG strategies.

  • Meyer's Fund Will Feature Novel Fee Structure

    September 23, 2005

    Convexity Capital, the long-awaited hedge fund to be launched by outgoing Harvard University CIO Jack Meyer, will have a fee structure that is believed to be the first of its kind.

  • N.Y. Firm Could Use Leverage

    September 23, 2005

    New York-based International Investment Group is considering using leverage for its IIG Trade Opportunities Fund for the first time.

  • N.Y. Firm Gains On Blockbuster Bonds

    September 23, 2005

    RockView Management's RockView Partners fund is up 7% through mid-September due in part to its short of movie rental giant Blockbuster's bonds.

  • New Jersey Selects Hedge Fund Consultants

    September 23, 2005

    The New Jersey Division of Investments, which oversees $70 billion, has hired Cliffwater to advise on direct hedge fund investments and CRA RogersCasey to advise on funds of funds.

  • New Searches Table

    September 23, 2005

  • NFA Boots Bayou Founder Off Committee

    September 23, 2005

    The National Futures Association has booted Bayou Group Founder Sam Israel from one of its advisory committees. Israel had been a member of the introducing brokers committee, but was removed following the high-profile meltdown at Bayou.

  • Ontario Teachers' Pension Seeks Pan-Asian-Focused Strat

    September 23, 2005

    The C$79 billion Ontario Teachers' Pension Plan is looking to make a $75 million allocation to a pan-Asian-focused hedge fund.

  • Orkla Plans More Nordic-Focused Funds

    September 23, 2005

    Orkla Finans, the asset management arm of $1.5 billion Norwegian firm Orkla, plans to launch a Nordic small- and mid-cap long/short equity fund on Dec. 1.

  • Pentium Plans Energy Fund

    September 23, 2005

    Pentium Fund, the Swiss hedge fund firm with approximately €400 million under management, is planning to launch an energy fund in the next two months.

  • Potential Searches Table

    September 23, 2005

  • Precept Big Rolls Out Futures Fund

    September 23, 2005

    Blair Baker, a managing director and portfolio manager with Dallas-based hedge fund Precept Capital Management, is preparing to launch a futures trading fund in October.

  • SAC Preps Multi-Strat Fund

    September 23, 2005

    Steve Cohen's SAC Capital Management is rolling out a new multi-strategy fund that will lock up investors' capital for three years.

  • San Bernardino Plans Portable Alpha Strategy

    September 23, 2005

    The San Bernardino County (Calif.) Retirement Association plans to hire managers to run approximately $300 million in an "alpha pool" that will form the basis of its new portable alpha program.

  • SEC Unlikely To Recognize Overseas Hedge Fund Rules

    September 23, 2005

    The Securities and Exchange Commission is unlikely to accept hedge fund regulation in other countries as equivalent to its own upcoming hedge fund adviser requirements.

  • Updated Searches Table

    September 23, 2005

  • Vega Funds Tread Water In August

    September 23, 2005

    Hedge funds managed by Vega Asset Management posted marginal gains last month, returning less than 100 basis points in most instances.

  • West End Seeks Capital For Reinsurance Fund

    September 23, 2005

    Billion-dollar hedge fund firm West End Capital is looking to raise an additional $150-200 million for its nascent reinsurance fund.


 

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