Stories

  • San Diego County Eyes Multi-Strategy Credit Manager

    February 06, 2006

    The $6.3 billion San Diego County Employees Retirement Association could add a multi-strategy credit manager by June. "It's a brand new idea that was brought up by our consultant," said CIO David Deutsch.

  • "Only maybe in a totalitarian government would someone get away with that with a straight face, and that is only because they have a gun."

    February 03, 2006

    Opportunity Partners' Phil Goldstein on the chances of success of a motion to dismiss a lawsuit that seeks to retire a fund's "German expertise rule." Goldstein, among others, is trying to overturn the bylaws of Deutsche Bank's New Germany Fund to allow him to run a slate of directors.

  • ...But Bulls Make Their Case

    February 03, 2006

    Such end-of-days scenarios were hardly the only view on display, however, as bulls--even real estate bulls--came out in force as well.

  • Attendees Party In The Desert

    February 03, 2006

    The conference kicked off on Sunday night with a welcome reception and a few sparsely-attended panels. Monday's speeches, with former Vice President Dan Quayle providing the keynote, were more crowded.

  • Baring To Target Family Offices

    February 03, 2006

    Baring Asset Management will make an increased effort to target European family offices.

  • Basel Threat Emerges To Fund-Linked Biz

    February 03, 2006

    The Basel Committee on Banking Supervision's capital adequacy requirements look set to take a toll on hedge fund-linked investments, by applying a similar risk-weighting to the funds as to equity.

  • Bennelong Closes Asia Pacific Fund

    February 03, 2006

    London-based Bennelong Asset Management has closed its multi-strategy Asia Pacific fund.

  • Bonnefoy Preps First Single-Strategy FoF

    February 03, 2006

    Cedar Partners, the firm founded and run by well-known manager Philippe Bonnefoy, will launch its first strategy-specific fund of hedge funds on April 1.

  • Chapman To Open Mumbai Office

    February 03, 2006

    Activist hedge fund maven Robert Chapman is opening an office in Mumbai, India, so that his firm can be active in the world markets 24-hours a day.

  • Chicago Shop Seeks To Build Up Marketing Co.

    February 03, 2006

    Frontenac Company, a Chicago-based buyout shop, will be looking for two to five acquisitions for The National System, a marketing services company it recently bought for an undisclosed amount, said Troy Nuard, managing director.

  • Citi Beefs Up Marketing

    February 03, 2006

    Citigroup Alternative Investments is beefing up its marketing presence.

  • Colorado Firm Readies Offshore Fund

    February 03, 2006

    Greenwood Village, Colo.-based Madison Street Partners is readying an offshore version of its long/short equity fund.

  • Completed Searches Table

    February 03, 2006

  • Converts, Risk Arb, Seen As Promising Strategies For '06

    February 03, 2006

    Convertible arbitrage and risk arbitrage are two hedge fund strategies likely to perform well this year, according to the Top Strategies for 2006 panel.

  • Cornell Progresses Toward Private Equity Targets

    February 03, 2006

    Cornell University's $4.2 billion endowment is seeking opportunities to reach its private equity and natural resources allocation targets.

  • 'Doomsday' Scenarios Are Heard...

    February 03, 2006

    Anticipated lower returns in the U.S. equity, fixed-income and real estate markets and the specter of higher oil prices were popular jumping-off points (pun intended) for many panelists.

  • Evaluation Associates To Research Hedge Funds

    February 03, 2006

    Evaluation Associates is planning to start researching hedge funds for direct investments.

  • Forsyth Could Launch Event-Driven FoF

    February 03, 2006

    Forsyth Partners, the Croydon, Surrey-based firm that manages approximately $850 million in funds of hedge funds, might decide to launch more strategy-specific funds of funds, beginning with something in the event-driven space.

  • Goldstein Continues Struggle Against Deutsche Bank Fund

    February 03, 2006

    Opportunity Partners, the hedge fund run by manager Phil Goldstein, is pressing the board of directors for The New Germany Fund, a closed-end mutual fund advised by Deutsche Bank, to allow it to run a slate of directors.

  • HSBC Set To Reopen Fund

    February 03, 2006

    HSBC Republic Investments, the arm of the private bank that manages funds of hedge funds, is planning to reopen its HSBC Alpha AdvantEdge Fund for new investment in the next few weeks.

  • Liongate Adds Emerging Markets Manager

    February 03, 2006

    London-based fund of funds firm Liongate Capital Management has increased its exposure to emerging markets with a 2% position in a new manager.

  • London Firm Readies Fund With PE Twist

    February 03, 2006

    London-based Saginaw Capital is readying a long/short equity fund that uses a private equity-like approach.

  • Marketer Departs Chartwell

    February 03, 2006

    Larry Pokora, a v.p. of client services and marketing at Berwyn, Pa.-based Chartwell Investment Partners, is leaving the firm to become senior v.p. of investor relations at Paulson & Co.

  • New D.C. Buyout Shop Starts Hiring

    February 03, 2006

    RLJ Equity Partners, the private equity shop started by Black Entertainment Television founder Robert Johnson, and backed by The Carlyle Group, recently named two managing directors and has plans to build a staff of eight.

  • New Searches Table

    February 03, 2006

  • Ohio Fund Aims For Maiden Alternatives Stake

    February 03, 2006

    The $850 million Columbus Foundation in Ohio is conducting an asset review with the goal of making a maiden allocation to alternatives.

  • One-Year Buyout Returns Streak Ahead

    February 03, 2006

    One-year returns on buyout funds yielded investors 32.5% through the third quarter, according to the recently released Private Equity Performance Index, one of the few barometers of private equity returns.

  • Orkla Eyes Hard Close

    February 03, 2006

    Orkla Finans, the Oslo-based firm with approximately €1 billion in alternatives, is planning to close its €140 million Nordic long/short fund when it reaches €250 million.

  • Pa. Family Office Lands U.S. Trust MD

    February 03, 2006

    John Scuteri, managing director at U.S. Trust, who previously held the same title at Bear Stearns Asset Management and Goldman Sachs Asset Management, has joined Newtown Square, Pa., family office Veritable.

  • Paloma's Metzger To Depart After 18 Year Stint

    February 03, 2006

    Leon Metzger, vice chairman of Paloma Partners Management, is departing Donald Sussman's firm after 18 years.

  • Pentium, Deutsche To Offer Structured Products

    February 03, 2006

    Swiss hedge fund firm Pentium Fund has rolled out a currency fund that invests in managed accounts linked to managers on Deutsche Bank's hedge fund platform.

  • Philly Eyes Multi-Strategy Mandates

    February 03, 2006

    The $4.3 billion City of Philadelphia Board of Pensions and Retirement will consider investing $30-40 million with multi-strategy managers this summer to achieve better returns and to diversify.

  • Potential Searches Table

    February 03, 2006

  • Raising (Funds In) Arizona

    February 03, 2006

    About 600 alternative investment managers--spanning the hedge fund, private equity and real estate space--mingled with plan sponsors, consultants and service providers at Strategic Research Institute's Alternative Investment Roundup in Scottsdale, Ariz.

  • SEB Eyes Multi-Strategy Hedge Fund Platform

    February 03, 2006

    SEB Merchant Banking may develop a multi-strategy hedge fund platform that would provide a flexible and cheaper alternative to funds of funds.

  • Seen & Heard

    February 03, 2006

    "People ask me what I miss most about being vice president? It's the plane, stupid...I would much rather have the military take me than the various airlines I have the opportunity to fly with."--Quayle

  • Taylor: Hedge Fund Blowups Mostly Hype

    February 03, 2006

    Hunt Taylor, who as director of investments at Edward Stern's family office has seen his share of alleged hedge fund scandals, said the impact from such blowups has been blown out of proportion.

  • The Long & Short Of It

    February 03, 2006

    Going long: adviser. Going short: advisor. Both words mean the same thing; "one that advises, such as a person or firm that offers official or professional advice to clients," according to The American Heritage Dictionary of the English Language.

  • Tiger Asia Manager Readies Fund

    February 03, 2006

    Ted Kang, one of the founding members of Tiger Asia Management, has started Kylin Management and is readying an Asian long/short equity fund.

  • Toronto Firm Launches Offshore Fund, Eyes Soft-Close

    February 03, 2006

    Toronto-based Creststreet Capital has launched an offshore version of its energy long/short hedge fund targeting European investors, and expects to soft-close the fund by late summer.

  • Yale CIO Disses Harvard

    February 03, 2006

    David Swensen, cio of Yale University, took a swing at Harvard Management Co. for paying excessively high salaries to its in-house portfolio managers, during a question and answer session at the National Association of College and University Business Officers' Endowment Management Forum in New York on Jan. 27.


 

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