Stories

  • Hedge Funds Rock

    October 17, 2005

    Those Aussies really know how to party.

  • "A lot of very talented stock pickers make really lousy portfolio managers."

    October 14, 2005

    Joel Katzman, former president and ceo at JPMorganAlternative Asset Management, on the diminished quality of hedge fund managers.

  • Big Apple Firm Rolls Out First Fund

    October 14, 2005

    Watsek Value Management, a New York-based hedge fund, launched its first fund, Watsek Deep Value Fund on Oct. 1.

  • Canadian Firm Sees Shorts Dampen Returns

    October 14, 2005

    Three hedge funds managed by Toronto-based Hillsdale Investment Management have gained from long positions in September, but this has been countered somewhat by losses on the short side.

  • CDK Nabs Axiom Analyst For London Office

    October 14, 2005

    CDK Group, a $900 million New York-based fund of funds firm, has hired Umar Khan as an analyst to work in the firm's London office.

  • Claren Road Makes Hires, Seeks Analysts

    October 14, 2005

    New York-based Claren Road Asset Management has hired a chief operating officer and an analyst and has plans to hire additional analysts and a chief financial officer as it prepares to launch its first fund.

  • Completed Searches Table

    October 14, 2005

  • Conference Coverage

    October 14, 2005

    IRC Conferences held its HEDGE2005 industry confab last week at the Victoria Park Plaza in London.

  • Deerfield Snags Wachovia Tech Analyst

    October 14, 2005

    Ted Huber, Wachovia Securities' senior medical supplies and devices analyst, left the firm last week to join hedge fund Deerfield Capital Management as an analyst, according to Wachovia insiders.

  • Diamondback Launches Offshore Version of Flagship

    October 14, 2005

    Diamondback Partners, the Stamford, Conn.-based hedge fund started by a trio of portfolio managers from SAC Capital Advisors, has launched an offshore version of its flagship multi-strategy fund.

  • Fee Concerns Dominate

    October 14, 2005

    The perennial bugbear of hedge fund fees sparked a lot of debate during the course of the conference, with investors and consultants bemoaning what they see as high costs.

  • FRM Preps CTA, Credit Offerings

    October 14, 2005

    FRM Preps CTA, Credit Offerings London-based fund of funds giant Financial Risk Management is planning to launch a pair of strategy-specific funds of funds focused on CTAs and credit hedge funds in the next few months.

  • GAM USA To Roll Out Suite of Funds

    October 14, 2005

    In a bid to gain assets from U.S. institutions, GAM USA intends to register five funds of funds with the Securities and Exchange Commission and will also market five single strategy hedge funds this side of the Atlantic.

  • GAM, Camulos Bigs Anticipate Low Returns For '06

    October 14, 2005

    Joseph Gieger, managing director of GAM USA, and Richard Brennan, ceo of Camulos Capital, told a conference they do not expect investments in alternative strategies to generate high returns in 2006.

  • Gartmore Makes U.S. Push For Credit Fund

    October 14, 2005

    Asset management giant Gartmore Investment Management is seeking more U.S. institutional investors for its global credit hedge fund.

  • Hedge Fund-Controlled Holding Company Makes FoF Investment

    October 14, 2005

    Dallas-based New Century Equity Holdings, a publicly-traded company that is 35% owned by hedge fund firm Newcastle Partners, has completed an investment in fund of funds shop Ascendant Capital Partners.

  • Hedge Funds Psyched For New Bankruptcy Laws

    October 14, 2005

    Managers with event-driven and distressed debt strategies are excited about the possibilities created by The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which takes effect this week.

  • Hedge Funds Seen Impacting Turnover Statistics In U.K.

    October 14, 2005

    A survey has found that staff turnover among investment professionals in the U.K. equity sector has skyrocketed over the last 12 months, with the hedge fund industry being one of the main culprits.

  • HSBC To Grow Euro Sales Team

    October 14, 2005

    HSBC Republic Investments Limited, a unit of the private bank which manages $1.5 billion in funds of hedge funds, is seeking to roughly double its London-based sales team next year.

  • III Readies Credit Derivatives Fund

    October 14, 2005

    Fixed-income powerhouse III Offshore Advisors is planning to launch a credit derivatives arbitrage fund next month.

  • Katzman: Manager Quality Diminished

    October 14, 2005

    Huge inflows of assets and an increased number of hedge funds have led to a decline in manager quality, while capacity concerns are creating further challenges for the due diligence process, according to Joel Katzman, former president and ceo at JPMorgan Alternative Asset Management.

  • Lazard Lands Amex Marketer

    October 14, 2005

    Hedge fund giant Lazard Asset Management has hired Leroy Cody as a managing director of marketing, a new position at the New York-based firm.

  • LibertyView Health Fund Shorts OSI

    October 14, 2005

    LibertyView Capital Management's health sciences fund was up 39 basis points in August partly due to its short position in OSI Pharmaceuticals.

  • Macquarie Rolls Out Asian Multi-Strat Fund

    October 14, 2005

    Sydney's Macquarie Newton Specialist Funds Management (MNSFM) group is launching an Asian multi-strategy fund next month.

  • Morgan Stanley Bigs Prep Indian-Focused Firm

    October 14, 2005

    Former Morgan Stanley executives Vikram Pandit, John Havens and Guru Ramakrishnan, have formed Old Lane Management, an Indian-focused fund of funds and private equity firm.

  • New York Firm Reassures Investors Post-Bayou

    October 14, 2005

    New York-based MCM Associates is trying to reassure investors following the recent headline-grabbing news of Bayou Group's fraudulent activities.

  • Potential Searches Table

    October 14, 2005

  • Seen & Heard

    October 14, 2005

    Stephen Oxley, managing director at Pacific Alternative Asset Management Company, had the room in stitches when he took on both sides of a debate entitled "Should pension schemes invest in hedge funds?"

  • Speakers Debate Asian Hedge Funds

    October 14, 2005

    Opportunities in Asia proved to be a hot topic and were raised in several sessions.

  • Spinnerhawk Gains On Long Positions In Energy Companies

    October 14, 2005

    Spinnerhawk Capital Management, the Dallas-based hedge fund founded by Garrett Smith, is up 27% since the July launch of its Spinnerhawk Natural Resources Fund, thanks in part to successful plays on Sunoco and Southwestern Energy.

  • Synthetic Short Program Bolsters N.Y. Fund

    October 14, 2005

    Landmark Capital Partners' Small/Mid Cap Long/Short U.S. Equity Fund is up 2% this year, thanks in part to its proprietary synthetic shorts program.

  • The Long & Short Of It

    October 14, 2005

    Those Aussies really know how to party.

  • Titanium Commodities Fund Rebounds On Gold, Silver Plays

    October 14, 2005

    A commodities fund managed by London-based Titanium Capital gained an estimated 3.5% in September, after dropping 1.99% in August.

  • Updated Searches Table

    October 14, 2005

  • Washington State Issues Reminder On Hedge Fund Rules

    October 14, 2005

    The State of Washington Securities Division has issued a notice to hedge fund managers warning them to comply with state registration requirements or face enforcement actions.

  • WMG Plans Spate Of Fund Launches

    October 14, 2005

    WMG Limited, the London-based firm set up last year by Mehmet Dalman, ex-head of investment banking at Commerzbank, plans to launch four new hedge funds.


 

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