Stories

  • "It might be useful to change the name; I don't know."

    December 02, 2005

    Michael Hecht, founder of Danish firm Copenhagen Fund Management, on whether the firm needs a new moniker since it's moving to the U.K.

  • Argentine Fund Turns To Europe

    December 02, 2005

    Buenos Aires-based Copernico Capital Partners is seeking to attract more European investors for its Latin American multi-strategy fund with an event-driven emphasis.

  • Bonnefoy Preps Middle Eastern Foothold

    December 02, 2005

    Philippe Bonnefoy, the well-known investment advisor to Commerzbank's funds of hedge funds, is growing his Middle Eastern presence.

  • Chaos Theory Fund Temporarily Waives Fees

    December 02, 2005

    HED Capital Management voluntarily opted to waive its management and administrative fees for three months.

  • Citigroup Alternatives Hires Business Development Director

    December 02, 2005

    Citigroup Alternative Investments has hired Eric Pai as managing director and head of business development in the hedge fund of funds group, a new position.

  • Colorado FoF Eyes Institutions

    December 02, 2005

    RCG Capital Advisors is seeking to attract institutional investors for its funds of hedge funds for the first time.

  • Completed Searches Table

    December 02, 2005

  • Danish Firm Plans Tie-Up, Heads To London

    December 02, 2005

    Michael Hecht, founder of Danish firm Copenhagen Fund Management, is planning to move his operation to London and team up with a larger firm.

  • Dreman Offshore Fund Stumbles At Launch

    December 02, 2005

    Dreman Value Management, the $13.7 billion Jersey City, N.J.-based firm, has launched an offshore version of its quantitative long/short U.S. equity strategy, but this has immediately encountered poor performance.

  • Duquesne To Close Fund

    December 02, 2005

    Duquesne Capital Management, the $3.5 billion hedge fund colossus run by Stanley Druckenmiller, is pulling the plug on one of its domestic funds.

  • Eton Park Dips In October, Recovers In November

    December 02, 2005

    After dropping 2.18% in October, the final month of its inaugural year, Eric Mindich's Eton Park Asset Management was seen by one investor to be on track for its best month yet, as AIN went to press.

  • FoFs Go Head-To-Head With Multi-Strat Managers

    December 02, 2005

    Funds of hedge funds are beginning to feel the heat from their single manager multi-strategy brethren.

  • Going Short: Warren Buffett

    December 02, 2005

    Going Short: Warren Buffett. Buffett's Berkshire Hathaway lost $34 million on an investment in Value Capital, a Bermuda-based hedge fund firm, according to a Nov. 4 filing with the Securities and Exchange Commission.

  • HSBC FoF Hit By Poor Long/Short Equity Returns

    December 02, 2005

    HSBC Republic Investments Limited's HSBC Global Absolute fund of funds suffered a disappointing month returning -1.57% in October.

  • JANA Blasts SITEL Move As 'Gamesmanship'

    December 02, 2005

    Hedge fund firm JANA Partners has expressed skepticism following SITEL Corporation's decision to retain Citigroup as a financial advisor.

  • Korean Fund Bullish On Local LCD Technology Provider

    December 02, 2005

    Northpoint Investment Partners, the Seoul and Singapore-based hedge fund firm, has been accumulating shares of Shinwha Intertek for over a year and is bullish on the company's future.

  • Kroger To Seek Multi-Strategy Hedge Funds

    December 02, 2005

    Kroger Co. is planning to hire additional multi-strategy hedge fund managers as part of a portable alpha program it started Oct. 1.

  • Liongate Suffers Second-Ever Losing Month

    December 02, 2005

    The $200 million multi-strategy fund of funds managed by London's Liongate Capital Management dropped 98 basis points in October, its second losing month since launch in April 2004.

  • London Firm Mulls Fund Launches

    December 02, 2005

    Ilex Asset Management, a London-based credit-focused hedge fund firm, is considering launching new funds and is seeking to hire managers.

  • Mellon To Grow Long/Short Equity FoF

    December 02, 2005

    Mellon Global Alternative Investments is planning a marketing push next year for a global long/short equity fund of funds, Mellon Symmetry.

  • MFA: SEC Should Modify Soft Dollar Practices

    December 02, 2005

    The Managed Funds Association, the main hedge fund lobbying group, has asked the Securities and Exchange Commission to revise its proposed guideline for soft dollar practices.

  • New Searches Table

    December 02, 2005

  • Nile Fund Takes A Dip In October

    December 02, 2005

    Nile Master Fund, since this summer part of VegaPlus Capital Partners, returned -8.47% in October, dragging its year-to-date performance to 6.02%, according to an investor document.

  • Potential Searches Table

    December 02, 2005

  • PSAM Mulls Private Equity Foray

    December 02, 2005

    P. Schoenfeld Asset Management, the $1 billion New York-based hedge fund firm, is considering adding a private equity side pocket to its event-driven hedge fund.

  • Steel Blasts Novoste Over Retirement Packages

    December 02, 2005

    Activist hedge fund firm Steel Partners is upset over a series of rabbi trusts--deferred compensation retirement plans for senior executives--at Novoste Corporation.

  • Trigram Taps COO

    December 02, 2005

    Trigram Capital Management, the hedge fund firm founded this summer by Brian Lippey, has hired Ray Fernandez as its chief operating officer.

  • Vega Funds Post Modest Gains

    December 02, 2005

    Hedge funds managed by Vega Asset Management all reported modest returns for the month of October.


 

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