Stories

  • "They didn't drive us over to the Securities and Exchange Commission and say 'when Congress doesn't make a law that's where the SEC can make laws.'"

    December 15, 2005

    Phillip Goldstein, principal at Opportunity Partners, discussing a recent tour of the nation's capital when he was in town for oral arguments in his suit against the SEC.

  • Azura Co-Founder Lands At WPG

    December 15, 2005

    Peter Lupoff, co-founder of short-lived startup Azura Capital Partners, and veteran of EagleRock Capital Management has joined Weiss, Peck & Greer, a subsidiary of Robeco Investment Management, as principal.

  • Babson-Norfolk Venture Inks First Seedlings

    December 15, 2005

    Wood Creek Capital Management, the New Haven, Conn.-based seeding fund, has closed deals with its first two startup funds, with a third on the way.

  • Blackstone, Bridgewater, Mesirow Nominated

    December 15, 2005

    AIN sister publication Money Management Letter nominated The Blackstone Group, Bridgewater Associates and Mesirow Financial for its Alternatives Manager of the Year award category.

  • Calyon Bags WestLB Money Laundering Cop

    December 15, 2005

    WestLB's U.K. group money laundering reporting officer Antony Whitehouse, is leaving in February to head the compliance department at London hedge fund firm Calyon Crédit Agricole.

  • Citadel Seen Cutting Staff By 30%

    December 15, 2005

    Chicago's Citadel Investment Group is reportedly cutting about 30% of its 900+ person staff, with most casualties coming in the technology area but some members of the firm's energy trading department are being let go as well.

  • Commodities Firm Reopens Fund, Seeks Traders

    December 15, 2005

    London-based Galena Asset Management, a subsidiary of commodities trading firm Trafigura Group, has reopened its $150 million metals fund for new investment.

  • Completed Searches Table

    December 15, 2005

  • DDJ Pushes For Gaming Co. Auction

    December 15, 2005

    A hedge fund is rallying other investors to push MTR Gaming Group to put itself up for auction, after the company received a $258 million takeover bid from two of its senior executives.

  • European L/S Strats Post November Gains

    December 15, 2005

    Hedge fund managers trading long/short strategies in the European equities space posted positive gains last month, according to private third-party statistics.

  • Fontana Flagship Reopens To New Investors

    December 15, 2005

    Boston's Fontana Capital, the hedge fund firm launched early this year by SAC Capital Advisors veteran Forrest Fontana, is reopening its core fund to new investors.

  • Goldstein Buoyed By Hearing On SEC Suit

    December 15, 2005

    Phillip Goldstein, the outspoken founder of hedge fund firm Opportunity Partners, is cautiously optimistic on his law suit's chances after a panel of three United States Court of Appeals for the District of Columbia judges heard his arguments a week ago Friday.

  • Hilton Foundation Eyes Maiden Alts Foray

    December 15, 2005

    The $2.5 billion Conrad N. Hilton Foundation in Los Angeles will conduct a rare asset allocation review that could result in a maiden investment in alternatives and manager changes.

  • JPMorgan Vet Moves To Triland

    December 15, 2005

    Eric Golberg, a veteran of JPMorgan's relationship management group, has moved to Triland USA, where he is a portfolio manager in the firm's manager of managers fund.

  • London Bond Shop Preps U.S. Push

    December 15, 2005

    Weavering Capital, a macro hedge fund firm in London, is prepping a version of its Weavering Fixed Income Fund for onshore U.S. investors.

  • Long Positions Bolster N.Y. Fund

    December 15, 2005

    New York-based Landmark Capital gained 2.48% in November on the strength of its long book.

  • Magnum To Launch Mezzanine Debt Fund

    December 15, 2005

    Magnum Fund Management is set to launch a fund in January that will invest in mezzanine loans.

  • New Searches Table

    December 15, 2005

  • OrbiMed Gains On Amgen-Abgenix Merger

    December 15, 2005

    New York-based OrbiMed Advisors' Caduceus Capital, a fund that invests in biotechnology and pharmaceutical companies whose drugs are undergoing clinical trials, capitalized on last week's Amgen acquisition of Abgenix.

  • Pentium Plans Fund of ETFs

    December 15, 2005

    Pentium Fund, the €400 million Swiss hedge fund firm, is planning to launch a fund that invests in about 30 exchange-traded funds (ETFs).

  • Phoenix To Consider Alts

    December 15, 2005

    The $1.6 billion Phoenix City Employees Retirement System will review its investment strategy on Dec. 15 to decide how much money to allocate to real estate and other alternative investments.

  • Potential Searches Table

    December 15, 2005

  • Renaissance Returns Cash To Outside Investors

    December 15, 2005

    Hedge fund mammoth Renaissance Technologies is returning capital to the outside investors in its main fund.

  • Sailfish Largely Flat In Early Going

    December 15, 2005

    Mark Fishman's $1.2 billion Sailfish Multi Strategy Fixed Income Fund is up 1.37% points since its Aug. 1 launch.

  • The Long & Short Of It

    December 15, 2005

    Going Long: Jim Simons, Renaissance Technologies for his philanthropy work.

  • WMG Plans Music Rights Fund

    December 15, 2005

    WMG Limited, the London-based firm founded last year with $1 billion by Mehmet Dalman, ex-head of investment banking at Commerzbank, is planning to launch a fund that will invest in music rights.


 

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