Stories

  • "I'm totally unqualified to do what I'm doing."

    September 30, 2005

    J Carlo Cannell, managing officer at Cannell Capital, discussing his educational and professional background.

  • Calif. Firm Eyes Acquisitions

    September 30, 2005

    Coast Asset Management is looking to acquire other, smaller hedge funds, said David Smith, ceo and founder.

  • Completed Searches Table

    September 30, 2005

  • Conference Coverage

    September 30, 2005

    Information Management Network held its tenth anniversary High-Performance Investing Symposium last week at the Sporting d'Hiver in Monte Carlo, Monaco.

  • Dealers Look To Muscle Hedge Funds Over Confirmations

    September 30, 2005

    Credit derivative dealers were considering unilateral action last week to persuade hedge fund clients to adhere to the International Swaps and Derivatives Association's novation protocol.

  • Dutch Firm Gets Wrong Side Of Long And Short Trades

    September 30, 2005

    Netherlands-based Insinger de Beaufort Asset Management has blamed a dip in the return of its onshore long/short European equity fund on the strong performance of a stock it was shorting, as well as on long positions that went south.

  • Firms Fret Regulatory Changes

    September 30, 2005

    Regulation took center stage in a number of panel discussions. Sandra Manzke, ceo at Maxam Capital Management, said she believed the U.S. Securities and Exchange Commission "went too far" with the requirement that a firm must be registered if it has 15 or more U.S. investors, and asked what might happen if other jurisdictions start imposing similar regulations.

  • Fixed Income Veterans To Launch Fund

    September 30, 2005

    Two bond market veterans have founded Hilltown Capital Management and are planning to launch their first fund this month.

  • Former Bear CMBS Honcho Snags Analyst

    September 30, 2005

    Sorin Capital Management, a hedge fund firm run by former Bear Stearns commercial mortgage-backed securities and commercial mortgage Co-Head Jim Higgins, has hired an analyst.

  • Former Soros Manager Sees Disaster Coming

    September 30, 2005

    Jim Rogers, one time manager of George Soros' Quantum Fund, sees dark days ahead for the hedge fund industry.

  • FRM Snags Julius Baer Vet To Head N.Y. Trading Strats

    September 30, 2005

    Financial Risk Management, the $13.5 billion London-based fund of funds colossus, has tapped Rob Christian as senior v.p. of trading strategies for its New York office.

  • Hedge Fund Pros Disagree On Industry Growth

    September 30, 2005

    Prominent figures are at odds over the future of the hedge fund industry, with consultants and attorneys disagreeing with one manager's view that the number of firms will shrink by nearly 40% over the next five years.

  • Hedge Funds Throw Spanner In Exelon Boston Recast

    September 30, 2005

    Grousing among hedge funds over of a $1.4-1.7 billion retooling of debt related to Exelon Boston Generating is threatening to topple a bid by K-Road Ventures to manage and operate the plants.

  • Icelandic Doctors Examine Alternatives

    September 30, 2005

    Laekna Lifeyrissjodur, the Icelandic doctors' pension fund, is considering a first foray into alternatives to usher in diversification and better returns.

  • IPM Makes U.K. Pension Push

    September 30, 2005

    Informed Portfolio Management, the $1.5 billion Stockholm-based firm which specializes in currency and global macro strategies, is increasing its marketing efforts to U.K. institutional investors.

  • LibertyView Hires Trader

    September 30, 2005

  • Lyxor Seeks Asia-Based Managers

    September 30, 2005

    Lyxor Asset Management, the $50 billion fund of funds giant that is part of the Société Générale Group, is seeking to add more Asia-based managers to its hedge fund platform.

  • Magnum Reopens Russia FoF

    September 30, 2005

    Magnum Fund Management has reopened its Russian offshore fund of funds for the first time since it was launched in 1994.

  • Managers Discuss Hiring Tactics

    September 30, 2005

    Hot on the heels of a recent letter from outspoken hedge fund manager Dan Loeb to Citadel Investment Group founder Ken Griffin over the ethics of snatching talent from rival firms, managers spoke out on their own preferred approaches to hiring staff and keeping them happy once they're onboard.

  • Meyer's Convexity Fund Seen As Biggest-Ever Launch

    September 30, 2005

    Convexity Capital, the hedge fund of outgoing Harvard University CIO Jack Meyer, stands to launch with $4-6 billion by the end of this month, which would make it the largest-ever single manager launch.

  • N.Y. Fund Of Funds Scores With L/S Managers

    September 30, 2005

    Endevon Capital, a $300 million fund of funds firm based in New York, is bullish on long/short equity strategies, and continues to ride the sector to boost its bottom-line returns.

  • Potential Searches Table

    September 30, 2005

  • Private Equity Manager Hires Partner

    September 30, 2005

    Adams Street Partners, the U.S. private equity manager based in London, has hired Silviu Savin, v.p. at Government of Singapore Investment Corporation in London, as a partner.

  • Prop Firm Manages First Outside Assets

    September 30, 2005

    Ironwood Investors, a London firm run by former investment bankers that has been trading proprietary capital, is now managing outside assets for the first time.

  • SEC Mulls Requiring Consultants To Disclose Relationships

    September 30, 2005

    Securities and Exchange Commission member Roel Campos has raised the idea that consultants recommending hedge funds should be subject to disclosure requirements about any ties they have to funds they recommend.

  • SEC's Atkins Urges Reasoned Approach To Hedge Funds

    September 30, 2005

    Commissioner Paul Atkins of the Securities and Exchange Commission said he hoped the staff would take a reasoned approach to regulating and examining hedge funds.

  • Seen & Heard

    September 30, 2005

    Joel Katzman, former president and ceo at JPMorgan Alternative Asset Management, revealed that staff at the firm ran a pool betting on which hedge fund firm would next be charged with fraud.

  • Texas Manager Locks Down Fund Following Hurricanes

    September 30, 2005

    Houston-based Parallax Investments has temporarily closed its Parallax Capital Partners mortgage-backed securities fund to new entrants and locked in current investors following hurricanes Katrina and Rita.

  • Tribeca Global Seeks First Investors

    September 30, 2005

    Citigroup offshoot Tribeca Global is seeking the first external investors for its much-publicized global hedge fund platform.

  • Updated Searches Table

    September 30, 2005

  • Vega's Nile Fund Posts Gains

    September 30, 2005

    Nile Master Fund, recently acquired by VegaPlus Capital Partners, posted gains of 4.52% last month and is up 11.12% since its May 1 launch, according to an investor document.


 

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