Stories

  • "This is no Lord of the Rings here, just a...short. I'm a James Bond villain in my own mind."

    May 19, 2006

    Richard Edwards, HED Capital Management, comparing his firm's trading syndicate to Hollywood products.

  • Attica CEO To Depart After Acquisition

    May 19, 2006

    Andrew McCaffery, ceo at London-based fund of hedge funds firm Attica Alternative Investments, will leave the firm after its acquisition by Integrated Asset Management (IAM) is completed.

  • BarCap Adds Vol Trading Pro

    May 19, 2006

    Barclays Capital in London has hired Nagi Bedawi, a trader at Eton Park Capital Management.

  • Big Apple Firm Relaunches Healthcare Strat

    May 19, 2006

    New York-based hedge fund firm GHP has relaunched its long/short Select Healthcare Fund to grow the investor base, according to Malloy Factor, managing director.

  • Bridgewater Closes Flagship

    May 19, 2006

    Ray Dalio's Bridgewater Associates has closed its flagship Pure Alpha strategy to new money over concerns that its ballooning size could soon limit strategy allocations.

  • Cargill, Strategic Push For Power Plant Refinancing

    May 19, 2006

    Hedge-fund owners of MachGen are seeking to arrange $550 million in debt that will refinance the operation as part of a reworking that will see them convert some of the old debt they hold into equity.

  • Carolina VC Firm Closes Fund

    May 19, 2006

    Durham, N.C.-based venture capital firm Pappas Ventures completed a final closing of $108 million on its Pappas Ventures III fund, which invests in life sciences, biotechnology, specialty pharmaceuticals, drug delivery and medical devices.

  • Chaos Theory Maven Starts Trading Syndicate

    May 19, 2006

    Mathematician Richard Edwards, who runs chaos theory-based HED Capital Management, has started a trading syndicate.

  • Chilton To Form Family Office

    May 19, 2006

    The family behind the $4 billion hedge fund Chilton Investment is rolling out a single family office and has brought in a New York practitioner to run it.

  • Citadel Vet Preps Healthcare Fund

    May 19, 2006

    Eric Muse, a former healthcare trader in the private investment group of Citadel Investment Group, has formed Periscope Capital Management, with a healthcare fund due to launch June 1.

  • Completed Searches Table

    May 19, 2006

  • Conn. FoF Launches Offshore Fund

    May 19, 2006

    Funds of funds firm WR Capital Management on April 1 launched WR Multi-Strategy Offshore Fund, an offshore version of its flagship fund of funds.

  • CSAM Vet Launches Emerging Markets Strat

    May 19, 2006

    W. Fifield Whitman, one-time head of research at Credit Suisse Asset Management in Hong Kong, has started New York-based hedge fund firm John Locke Capital Management.

  • Data Zone

    May 19, 2006

    This week, we revisit global macro hedge funds.

  • Eden Rock Adds Sector-Specialists

    May 19, 2006

    Eden Rock Capital Management, the London-based fund of hedge funds firm, has added two new managers to its Solid Rock Fund.

  • Equity Vol Spike Sparks Fears

    May 19, 2006

    A spike in equity implied volatility Wednesday triggered widespread talk of losses at hedge funds, which have been stepping up vol-selling strategies in the last few months, according to AIN sister publication Derivatives Week.

  • ERISA-Compliant Managers Told To Perform Independent Valuations

    May 19, 2006

    Hedge funds compliant with the Employee Retirement Income Security Act may have to use an independent valuation service or disclose their methodology, according to AIN sister publication Compliance Reporter.

  • Ex-KBC Execs Seek To Boost Lackluster Fund

    May 19, 2006

    Karl Ottevaere and Jan De Spiegeleer, the two former managing directors at KBC Financial Products who last year set up hedge fund firm Erasmus Capital, are hopeful that increased volatility in financial markets will boost the firm's equity market-neutral fund.

  • Finnish OKO Hones In On Absolute Return

    May 19, 2006

    Newly-formed OKO Asset Management, with €28 billion under management, plans to launch absolute return strategies in the near future.

  • Fixed-Income Manager Delves Into Forex

    May 19, 2006

    Samson Capital Advisors, a fixed-income manager for high-net-worth clients, has recently begun to use a multi-currency strategy designed specifically for the needs of the HNW.

  • FoFs Prove a Headache For Swedish Fund

    May 19, 2006

    The SEK1.8 billion CancerFonden is finding it difficult to invest in funds of hedge funds.

  • GLG Macro Fund Rebounds In April

    May 19, 2006

    London hedge fund giant GLG Partners' global macro fund has climbed back into the black, after suffering its worst-ever loss in March.

  • Godden Resurfaces To Launch New Firm

    May 19, 2006

    John Godden, the high-profile former head of HFR Asset Management's European business, is setting up his own firm, IGS Group.

  • Goldman's Labbat Splits For Private Equity Outfit

    May 19, 2006

    Pete Labbat has left Goldman Sachs' mergers and acquisitions group in New York to join a private-equity shop headed by fellow ex-Goldman managing director Doug Kimmelman.

  • Harrow To Tender Currency, Private Equity Briefs

    May 19, 2006

    The £380 million London Borough of Harrow Pension Scheme will tender active currency and private equity briefs following recommendations from consultant Hymans Robertson.

  • Hedge Fund Startups Get Top Billing In Texas, Calif.

    May 19, 2006

    The Texas Teachers are to hitching up to emerging hedge fund managers and CalPERS is counting on doing the same, according to AIN sister publication Money Management Letter.

  • HFIM Launches FoF #1

    May 19, 2006

    London-based Hedge Funds Investment Management (HFIM) launched its first fund of hedge funds. The

  • Ivy Shuts Offshore Fund To Investors

    May 19, 2006

    Ivy Asset Management, the Garden City, N.Y.-based hedge fund of funds firm owned by the Bank of New York, is closing its long/short equity Ivy Rising Stars Offshore Fund to investors at $1 billion, according to an individual close to the firm.

  • JANA Slams Houston...Again

    May 19, 2006

    Fresh off its most recent attack against oil and gas concern Houston Exploration Company, JANA Partners has taken another swing, encouraging the board to change its ways or go home.

  • Loeb Makes Final Massey Election Push

    May 19, 2006

    Third Point, the activist hedge fund firm run by Daniel Loeb, made one last pitch to the electorate prior to the annual shareholder meeting for Massey Energy Company.

  • London Wealth Manager To Grow Debt FoFs

    May 19, 2006

    London-based private wealth management firm Saltus Partners is planning to significantly boost assets in its maiden fund of hedge funds via a second share issue.

  • Managed Futures Drive April Hedge Indices

    May 19, 2006

    Strategies devoted to managed futures were the main contributors to three of the largest hedge fund indices last month.

  • N.C. Currency Shop Poised For Growth

    May 19, 2006

    North Carolina-based Monarch Capital Management FX Multi-Strategy, which runs a currency CTA program, is ramping up in anticipation of increased assets.

  • N.Y. Firm To Add Beantown Location

    May 19, 2006

    New York-based Pali Capital, which manages a hedge fund of funds, Pali Partners, along with other alternatives and equity and fixed-income portfolios, is seeking to add a Boston office by early August.

  • New Searches Table

    May 19, 2006

  • Park Place Hires Equity Pro

    May 19, 2006

    London-based hedge fund firm Park Place Capital has hired Erik Fruytier as senior associate portfolio manager for its two European long/short funds.

  • Peel Rolls Out Caxton Feeder

    May 19, 2006

    London-based BlackSquare Capital has launched a fund of funds comprised solely of investments offered by highflying powerhouse Caxton Associates.

  • Phila. HNW Officer Taps CIO

    May 19, 2006

    Ashbridge Investment Management, a Philadelphia-based multi-family office with its own funds of funds, has hired David Donabedian, formerly chief economist with Atlantic Trust, in a newly created chief investment officer role.

  • Pine Grove To Debut Activist FoF

    May 19, 2006

    Pine Grove Associates, the Summit, N.J.-based hedge funds of funds firm with $2 billion in assets, will launch what is believed to be the first-of-its-kind activist fund of funds.

  • Potential Searches Table

    May 19, 2006

  • Torrey Seeks Asia Analyst

    May 19, 2006

    Fund of funds firm The Torrey Funds is searching for an analyst for its Torrey Asia Fund. The candidate should have a strong analytic background, said James Torrey, founder.

  • U.K. Venture Capital Firm Seeks Managers

    May 19, 2006

    YFM Group, a Leeds, U.K.-based venture capital and private equity firm with £250 million under management, is seeking to hire four investment managers for its venture capital business.

  • VC Firm Performs Initial Closing On Third Fund

    May 19, 2006

    New York-based venture capital firm Milestone Venture Partners conducted its initial closing of $28.5 million on its Milestone Venture Partners III at the beginning of the month.


 

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