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April 28, 2006
Daniel Loeb, Third Point, in his latest letter to Massey Energy Company CEO Donald Blankenship.
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April 28, 2006
The $215 million Albuquerque Academy will double its target allocation to private equity to 8% to boost returns.
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April 28, 2006
Bear Stearns is in the process of creating 2:1 and 3:1 leveraged share classes for its $1.4 billion High-Grade Structured Credit Strategies fund to launch June 1, according to a third-party marketing document.
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April 28, 2006
Three senior professionals at the hedge fund marketing unit of Credit Suisse's private fund group will join Park Hill Group, an alternative asset placement firm affiliated with Blackstone Asset Management.
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April 28, 2006
Chicago-based Sellers Capital, which buys long-term equity anticipation securities (LEAPS) call options, has hired two officials to work on the operational side of its business.
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April 28, 2006
Citadel Investment Group, the $12 billion hedge fund mammoth led by Ken Griffin, is seeking analysts to join its equity and credit investment teams in London.
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April 28, 2006
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April 28, 2006
The Credit Suisse/Tremont Hedge Fund Index, composed of 410 funds, was up for March and the first quarter at 1.82% and 5.46%, respectively.
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April 28, 2006
The next crisis in world financial markets will likely burn more than $100 billion of hedge fund assets, which would rival the 1989 savings and loans crisis in terms of impact.
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April 28, 2006
This week, we take a look at multi-strategy hedge funds.
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April 28, 2006
The $375 million Florida State University Foundation intends to boost its 20% allocation to alternatives--possibly via a maiden direct investment in hedge funds--and has hired Cambridge Associates for advice.
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April 28, 2006
London-based hedge fund colossus GLG Partners' GLG Technology Fund scored on its long position in Research In Motion, makers of the BlackBerry device.
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April 28, 2006
New York-based Kurzman Partners is selling its non-clean technology assets so its flagship long/short Kurzman Clean Tech fund can hold shares in exclusively clean technology companies, the area of greatest growth, according to David Kurzman, managing partner.
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April 28, 2006
Third Point, the activist hedge fund firm run by outspoken manager Daniel Loeb, is continuing its bombardment of Massey Energy Company.
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April 28, 2006
Mulvaney Capital Management's $135 million Mulvaney Global Markets Fund was up 13.05% in March, giving it a 22.20% return for the first quarter.
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April 28, 2006
London-based Ecofin is launching its long/short and special situations Ecofin Special Situations Utilities Fund this week and will close to investors in July, according to Vincent Barnouin, chief operating officer.
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April 28, 2006
FIM, a $2 billion fund of hedge funds firm, has hired Lorenzo Rodriguez as managing director of new business development--a new position.
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April 28, 2006
NEA Capital is in the early stages of launching a U.S. version of its flagship NEA Diversified Strategies fund, an options strategy that has been trading since February 2004, according to Principal Michael Hanes.
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April 28, 2006
Dubai-based private equity firm Scimitar Global Ventures sold its nearly $5 million investment in Romania-based Monopoly Media last week to another Romanian media company, giving their Middle Eastern investors a net return of 60%.
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April 28, 2006
Morgan Stanley has laid off a few members in its retail division's alternative investments group.
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April 28, 2006
Morley Fund Management, the London-based asset management giant, is planning to grow its hedge fund business and will consider acquiring hedge fund boutiques and launching more funds from scratch.
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April 28, 2006
KTR Capital Partners, a New York-based private equity firm that was launched by former Keystone Properties Trust executives, has closed its first fund. Keystone Industrial Fund, L.P., a $505 million value-add fund, will invest in industrial properties in major transportation and population hubs and is the first in a planned series.
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April 28, 2006
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April 28, 2006
Sio Capital Management will unveil its flagship long/short equity Sio Partners fund with an anticipated mid-May launch date.
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April 28, 2006
Columbus-based Alpha Energy Partners is opening an office in Houston.
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April 28, 2006
The Ohio State University is considering allocating more of its $2 billion endowment to direct hedge fund and private equity investments.
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April 28, 2006
Ospraie Management is readying a hybrid fund that crosses a hedge fund strategy with private equity invest in illiquid investments.
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April 28, 2006
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April 28, 2006
RAB Capital, the $3.2 billion London-based hedge fund firm, is making a major push for pension fund assets.
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April 28, 2006
Shooter Fund Management, the London-based hedge fund firm, has launched its second offering, a short equity fund with an options overlay called the Shooter Bear Fund.
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April 28, 2006
KD Group, a Ljubljana, Slovenia-based asset management firm, will perform a first-closing for its planned private equity fund in the next month or so.
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April 28, 2006
Square Investment Management, the global macro firm set up late last year by Pierre Schroeder, ex-head of proprietary trading and debt finance at Société Générale, is considering launching additional hedge funds.
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April 28, 2006
Zurich-based Azemos Partners has launched its long-only Hornet Renewable Energy Fund with a E100 million target, according to Gerard Reid, portfolio manager.
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April 28, 2006
London-based Thames River Capital's long/short Japanese equity fund returned 4.68% for the yen share class during March because of gains in the long book and in futures.
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April 28, 2006
Going Market-Neutral: The Nobel Foundation.