Stories

  • "If I saw it myself, I'd say this guy is crazy."

    November 04, 2005

    Corneliu Popovici, founder of Red Dot Investments, on a strategy of his loosely based on Bernoulli's law of large numbers that supposedly produces a huge house advantage that he admits seems improbable.

  • Alaska To Review Absolute Return Investments

    November 04, 2005

    With one year completed, the $30 billion Alaska Permanent Fund Corp. will review the progress of its three-year initiative to invest in absolute return strategies.

  • Arizona Considers Expanding Real Estate, Private Equity

    November 04, 2005

    The Arizona Public Safety Personnel Retirement System is considering increasing its 5% allocation to real estate and its tiny private equity exposure to increase returns and diversify.

  • Belgian Firm Puts Growth Plans On Hold

    November 04, 2005

    Erasmus Capital, a Brussels-based start-up, has delayed plans to grow assets and launch a long/short European equity fund, because of a perceived drop in investor interest in hedge funds.

  • Bernstein Vet Launches Short-Only Real Estate Strat

    November 04, 2005

    Diego Espinosa's GMR Capital launched The California Real Estate Short Fund, believed to be the first fund seeking to generate alpha from a downturn in real estate markets, on Oct. 1.

  • BNP To Launch Portable Alpha Strategy

    November 04, 2005

    BNP Paribas' derivatives group is planning to expand its presence among U.S. pension plans with a portable alpha strategy.

  • Calif. Funds Considering Co-Investment Programs

    November 04, 2005

    The $31 billion Los Angeles County Employees Retirement Association and the $12.8 billion San Francisco City & County Employees Retirement System are considering investing in private equity via co-investment vehicles.

  • Canadian Firm Ups Natural Gas Exposure

    November 04, 2005

    Toronto-based HorizonOne Asset Management has doubled the number of positions in its energy fund and has shifted the weighting away from oil, toward natural gas.

  • CDK Looks To Double Assets

    November 04, 2005

    CDK Group, the $950 million fund of hedge funds and third-party marketing firm, has ambitious plans for asset growth, including its first major push for Asian investors.

  • Clark Consulting Boosts Hedge Fund Research

    November 04, 2005

    Clark Consulting has hired Alyssa Thyren to join its research team on Nov. 28 and will hire another mid-level to senior consultant to research hedge funds in the next two months.

  • Completed Searches Table

    November 04, 2005

  • Conn. Think-Tank Seeks Investors

    November 04, 2005

    Wilton, Conn., think-tank Red Dot Investments, having developed, tested and back-tested a mathematical theory that it claims can generate astronomical returns from equities markets, is now seeking hedge fund partners.

  • Consultants Advise Hedge Funds To Differentiate Themselves

    November 04, 2005

    Pension funds are seeking hedge fund managers that possess distinct differences from their competitors, according to consultants.

  • CQ Partners Readies Lockup

    November 04, 2005

    New Canaan, Conn.-based CQ Partners has created a lockup provision for its fund. It will employ a two-year lockup for new money invested on or after Feb. 1, according to an investor letter.

  • Crédit Agricole Eyes U.S. Registration

    November 04, 2005

    Crédit Agricole Alternative Investment Products Group is considering registering with the U.S. Securities and Exchange Commission to attract U.S. investors for the first time.

  • Dunning Leaves HSBC For FRM

    November 04, 2005

    Paul Dunning, former ceo at HSBC Republic Investments Limited, has severed remaining ties with the firm and taken up the same role at London-based fund of hedge funds giant Financial Risk Management.

  • Funds-of-Hedge Funds Enhance Due Diligence Procedures

    November 04, 2005

    Funds-of-hedge funds are beefing up due diligence procedures, reacting to the scandal around the collapses of Bayou Management and Wood River Capital Management, reports AIN sister publication Compliance Reporter.

  • Global Advisors Recasts Metals Fund

    November 04, 2005

    Global Advisors, the $400 million London- and New York-based commodities hedge fund firm, has recast its long/short precious metals fund so it now has a long-bias.

  • Harcourt Natural Resources Fund Struggles

    November 04, 2005

    A natural resources fund of hedge funds managed by $3.1 billion Swiss firm Harcourt Investment Consulting has performed poorly since it launched earlier this year, prompting the fund to reassess its allocation strategies.

  • Hedge Fund Shop Nabs SAC Pro

    November 04, 2005

    Darby Capital Management, the hedge fund division of sales, research and marketing firm Susquehanna International Group, has hired Karl Richter as a portfolio manager.

  • John A. Levin Drops Event-Driven Funds

    November 04, 2005

    New York money manager John A. Levin & Co. has decided to pull the plug on its event-driven hedge funds.

  • Loeb Ratchets Up Attack On Ligand

    November 04, 2005

    Third Point Management, the Big Apple hedge fund firm run by outspoken manager Dan Loeb, has increased its attack on Ligand Pharmaceuticals, which it feels is undervalued.

  • Milwaukee County To Study Hedge Funds

    November 04, 2005

    The $1.5 billion Milwaukee County Employees' Retirement System in Wisconsin is planning to get educated on hedge funds.

  • New Searches Table

    November 04, 2005

  • Novel Mutual Fund Firm Preps Second Hedge Fund Offering

    November 04, 2005

    Alternative Investment Partners, which manages a fund of funds in the form of an open-end mutual fund, is planning to launch a second strategy.

  • Oklahoma Firefighters To Issue Hedge Fund of Funds RFP

    November 04, 2005

    The $1.5 billion Oklahoma Firefighters Pension & Retirement System will issue an RFP for a high volatility, long/short fund-of-hedge funds manager in order to reduce the overall volatility of its equity portfolio.

  • Potential Searches Table

    November 04, 2005

  • Private Equity Index May Be Launched

    November 04, 2005

    Private equity could become more transparent and thus even more popular with institutional investors if a discussion between Hamilton Lane Advisors and Standard & Poor's about launching a private equity index comes to fruition.

  • Progressive May Abandon FoFs

    November 04, 2005

    London-based Progressive Asset Management, with $600 million under management, looks likely to call an end to its foray into funds of hedge funds.

  • Scotia Preps Canadian Index

    November 04, 2005

    Scotia Capital, the Toronto-based prime broker and member of the Scotiabank Group, will launch an index of Canadian hedge fund managers early next year.

  • SEC Could Pursue Actions Against Hedge Funds Failing To Register

    November 04, 2005

    Lawyers speculated the Securities and Exchange Commission could impose penalties on hedge fund managers that fail to meet the Feb. 1 deadline to register as investment advisers.

  • Swiss Firm To Cut Event-Driven Exposure

    November 04, 2005

    Azur Services, a fund of funds firm based in Farvagny, Switzerland, will reduce exposure to event-driven managers in its Azur Opportunity multi-strategy fund following a tough month for the strategy in October.

  • Syz Division Targets U.K. Institutions

    November 04, 2005

    3A, the alternatives arm of Swiss banking concern Syz & Co., is seeking more U.K. institutional clients.

  • Transparency Concerns Put New York Off Hedge Funds

    November 04, 2005

    The New York City Retirement Systems, which oversees five pension funds controlling $87 billion, hasn't invested in hedge funds because of insufficient transparency.

  • Tremblant To Launch TMT Fund

    November 04, 2005

    Tremblant Capital is planning to roll out a long/short equity fund focusing on the technology, media and telecommunications sector in January.

  • Trinity Funds Cautious On Non-U.S. Currencies

    November 04, 2005

    Trinity Funds, a New York-based global macro hedge fund firm, is maintaining only a moderate net exposure to currencies other than the U.S. dollar, and will not take a more aggressive position against the dollar until it sees evidence of a slowdown in the U.S. economy.

  • U.S. Virgin Islands Shop Rolls Out New Strat

    November 04, 2005

    St. Thomas-based Drury Capital has kicked off a new strategy.

  • UBS Prime Brokerage Honcho Exits

    November 04, 2005

    Ron Lasorsa, executive director of UBS Prime Brokerage, has left the firm and is said to be seeking to join a hedge fund.

  • Updated Searches Table

    November 04, 2005


 

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