Stories

  • "Mr. Bostelman's letter reminds me of Mary McCarthy's famous quip about Lillian Hellman: 'Every word she writes is a lie, including 'and' and 'the.'"

    April 07, 2006

    Phil Goldstein, founder, Opportunity Partners, in response to a letter written by John Bostelman of Sullivan & Cromwell to the Securities and Exchange Commission.

  • Are Alts Pros Suffering Conference Overload?

    April 07, 2006

    Conference attendance could have been better--Wednesday morning's plenary sessions were only half full--and several delegates told AIN they were disappointed with the turnout.

  • Completed Searches Table

    April 07, 2006

  • Conference Coverage

    April 07, 2006

    IRC Conferences held its Alternative Investment Summit 2006 at the Victoria Park Plaza in London.

  • Credit Suisse Shakes Up FoF Group

    April 07, 2006

    Credit Suisse has shaken up its hedge fund of funds group, replacing its top two executives in New York.

  • Dalio Bags Award From AIN Sister Pub

    April 07, 2006

    Bridgewater Associates won the Alternatives Manager of the Year award from AIN sister publication Money Management Letter, at its 5th Annual Public Pension Fund Awards ceremony and dinner on April 2 at the Hyatt Lake Las Vegas Resort, Spa and Casino.

  • Data Zone

    April 07, 2006

    This week, we take a look at fixed-income funds.

  • Deephaven Gets More CalPERS Cash

    April 07, 2006

    The California Public Employees' Retirement System has increased its allocation to Deephaven Capital Management.

  • Eden Rock Hires New CIO

    April 07, 2006

    Eden Rock Capital Management, the London-based fund of hedge funds firm, has hired Michael Staveley to be its new chief investment officer.

  • Gartmore Wins Consolation Game

    April 07, 2006

    The third place contest featured Gartmore Investments and Farallon Capital Management both fresh off losses in the Final Four.

  • Goldstein To SEC: Deutsche Bank Lawyer Off The Mark

    April 07, 2006

    Opportunity Partners, the hedge fund run by Phil Goldstein, wrote a letter to the Securities and Exchange Commission in response to a no-action letter request by an attorney for the New Germany Fund, a closed-end fund advised by Deutsche Bank.

  • Gottex Readies 'Best Picks' FoF

    April 07, 2006

    Gottex Fund Management, the $5 billion Swiss firm, will launch a new fund of hedge funds in May.

  • Investors Bemoan Hedge Fund Uniformity

    April 07, 2006

    Several on the buy-side raised concerns over what they saw as a lack of distinction between the different types of hedge funds, saying multi-strategy and net-long funds are swamping the market.

  • KGR Dips From Japan Exposure

    April 07, 2006

    Funds of funds managed by London- and Hong Kong-based KGR Capital lost money in February. Exposure to Japan equity strategies was most damaging.

  • KKR To Launch Second Hedge Fund

    April 07, 2006

    Private equity giant Kohlberg Kravis Roberts is going to launch its second hedge fund June 1.

  • Latigo Hires Investor Relations Pro

    April 07, 2006

    New York startup firm Latigo Partners has hired Irena Thesleff from Bear Stearns as its first investor relations professional.

  • Lawyers See Guarded Approach To SEC Inspections

    April 07, 2006

    Hedge fund lawyers are saying that examiners of the Securities and Exchange Commission have thus far held off on adopting an aggressive stance in their inspections of firms that recently registered with the SEC as investment advisors.

  • Lone Pine Triumphs In Inaugural Tourney

    April 07, 2006

    Greenwich, Conn.-based Lone Pine Capital bested all comers to win AIN's inaugural March Madness hedge fund tournament, nosing out Moore Capital Management in a final far closer than last Monday's real-life version between Florida and UCLA.

  • March Madness Final

    April 07, 2006

  • Martin Currie Preps L/S Financials Fund

    April 07, 2006

    Martin Currie, the Edinburgh-based investment management firm with approximately $1 billion in alternatives, will launch a long/short global financials fund on June 1.

  • N.Y., Md. Firms Partner To Launch Inflation Strat

    April 07, 2006

    New York-based Tiedemann Investment Group and Bethesda, Md.-based fixed-income money manager New Century Advisors, have partnered to launch the Tiedemann New Century Global Inflation Opportunities Fund.

  • New Mexico Could Refine Hedge Fund Roster, Increase Allocation

    April 07, 2006

    The $14 billion New Mexico State Investment Council is planning to reduce the number of hedge fund managers it uses from 13 to perhaps six or seven.

  • New Searches Table

    April 07, 2006

  • New York Firm Eyes Hires

    April 07, 2006

    Greenbriar Forecast, a Chappaqua, N.Y.-based currency manager, has hit $40 million in assets and will soon be seeking additional staff.

  • Och-Ziff Biotech Analyst Departs

    April 07, 2006

    James Mackey departed Och-Ziff Capital Management last week, where he was a biotechnology analyst.

  • Pension Funds Discuss Benefits Of Direct Hedge Fund Investing

    April 07, 2006

    Investors discussed the pros and cons of investing directly in single-manager hedge funds, versus outsourcing investment management to funds of hedge funds.

  • Pequot Readies Tech Fund

    April 07, 2006

    Hedge fund giant Pequot Capital Management is planning to launch a fund focusing on the technology, media and telecommunications sector in the third quarter.

  • Pine Grove Risk Management Director Departs

    April 07, 2006

    Pascal Roduit, director of risk management at Summit, N.J.-based $2 billion hedge fund of funds firm Pine Grove Associates, has departed after just seven-months.

  • Potential Searches Table

    April 07, 2006

  • RAB Seeks To Grow Europe Long/Short Fund

    April 07, 2006

    London-based hedge fund firm RAB Capital is making a marketing push for its RAB Europe Fund.

  • Space Specialist Plans Offshore Fund

    April 07, 2006

    Albireo Asset Management, the Toronto-based start-up that last week launched what is believed to be the first hedge fund focused on the space and aeronautics sectors, is planning to roll out a second version, for offshore investors.

  • Stark Investments Dips Into Private Equity

    April 07, 2006

    Milwaukee-based Stark Investments, which manages over $2 billion, has ventured into private equity because it believes there are more potential returns than in the crowded multi-strategy market, according to an investor document.

  • Steel Continues Fight With Laundry Co.

    April 07, 2006

    Activist hedge fund firm Steel Partners is continuing its onslaught against linen launderer and provider Angelica Corporation.

  • Third Point Vet Defects To Startup

    April 07, 2006

    Lloyd Blumberg, a director of operations, has departed Third Point Management Company to become partner and chief operating officer at U Capital Group, a startup hedge fund firm founded by Jonathan Urfrig, another Third Point veteran.

  • Two Stanfield Staffers Exit

    April 07, 2006

    Kevin Murphy, a managing partner at New York hedge fund firm Stanfield Capital Partners, and Richard Johnson, a senior marketer, departed the firm last week, as first reported on iialternatives.com.

  • Va. Shop to Launch Long Equity Fund

    April 07, 2006

    McLean, Va.-based LucidQ Investments is expected to launch its maiden long equity LucidQ Hedge Fund May 1.

  • Vega, Yale Economists Champion Giant Hedge Funds

    April 07, 2006

    David Mullins, chief economist at Vega Asset Management and co-founder of infamous hedge fund firm Long-Term Capital Management, told delegates that despite the proliferation of start-up hedge funds, investing in large "brand name" funds still gives an investor the best chance of making a good return.

  • Westchester County FoF Seeks Analysts, Ops Hires

    April 07, 2006

    Rye, N.Y.-based fund of funds shop Gordon Asset Management with $105 million in assets is seeking to increase its headcount by adding analysts and operations professionals in the next few months.


 

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