Stories

  • "For a long time, hedge funds have had no rules."

    June 08, 2006

    Jeanine Pirro, the former Westchester County, N.Y., district attorney who is vying to replace Eliot Spitzer as attorney general.

  • Akron Foundation Studying Alternatives

    June 08, 2006

    The $131 million Akron Community Foundation in Ohio is focusing on hedge funds, private equity and real estate for its maiden alternatives allocation.

  • AXA Sub Launches Long/Short Small-Cap Strat

    June 08, 2006

    London-based AXA Framlington Overseas Investment Management, a subsidiary of the French insurance company, has launched a long/short small-cap hedge fund, according to a Goldman Sachs capital introductions document.

  • BAA Takeover Triggers Protection Selling

    June 08, 2006

    Hedge funds long protection/short the underlying bonds on the U.k.-based airports operator BBA were quick to reverse positions this week on news the company had accepted a takeover bid.

  • BlueStar Tweaks Fund of Funds

    June 08, 2006

    BlueStar Capital Management made some adjustments to its BlueStar Life Sciences fund of funds in the first quarter. The fund's worst performer for the quarter dropped by 22%, according to an investor letter.

  • Boeing Conducts Asset Allocation Review

    June 08, 2006

    Boeing Co. is conducting a periodic asset allocation study for its $43.5 billion pension fund, during which it will consider increasing its 3% exposure to hedge funds.

  • Chicago Fund Eyes Small Hedge Fund Boost

    June 08, 2006

    The $300 million American College of Surgeons in Chicago will boost its hedge fund allocation to 12% from 10% this year to protect against rising inflation, said Comptroller Gay Vincent.

  • Chinese Character Domain Names Fund To Launch

    June 08, 2006

    An Argentine manager is preparing to launch a long-only hedge fund geared to "premium virtual real estate," namely internet domain names in Chinese characters.

  • Commodities Vet Launches Pair Of $1 Billion Strats

    June 08, 2006

    Henry Jarecki, a commodities veteran whose 40-year career includes a 13-year stint governor of COMEX, is expected to debut two $1 billion strategies by year-end.

  • Completed Searches Table

    June 08, 2006

  • Conn. Firm Launches Fifth Fund

    June 08, 2006

    Stamford, Conn.-based Saugatuck Capital Company has launched its fifth private equity fund.

  • Corporate Hedgers Seize On Greenback Strengthening

    June 08, 2006

    A pickup in the U.S. dollar against the euro last week prompted a euro put-buying rush from exposed corporates.

  • Data Zone

    June 08, 2006

    This week, we revisit long/short hedge funds.

  • Details Emerge On Fusaro FoF Strategy

    June 08, 2006

    Energy and Environment Capital Management's Energy & Environment Fund, managed by energy bigwig Peter Fusaro, will initially make investments in 12-15 underlying funds, according to an investor presentation.

  • Deutsche Bank Trading Duo Quit

    June 08, 2006

    Two equity derivative flow traders, Silvan Herriger and Joergen Jaehnig, have left Deutsche Bank in London. Herriger, an index trader who also previously worked at JPMorgan, is thought to be headed to a hedge fund.

  • Energy Firm Taps Senior VP

    June 08, 2006

    Mill Valley, Calif.-based Energy Investors Funds, with $1.75 billion in six private equity funds, has hired Jose Torres as senior v.p.--a new position.

  • Ferro Makes First Push For Non-German Assets

    June 08, 2006

    Ferro Capital, the $1.5 billion fund of hedge funds and wealth management firm run by a group of former Commerzbank pros, is planning its first push to expand its client base outside German-speaking Europe.

  • FSA To Probe Valuations, Side Pockets

    June 08, 2006

    The U.K. Financial Services Authority will review hedge funds' valuation methods and will look deeper into their use of side letters, according to AIN sister publication Compliance Reporter.

  • Gottex Eyes More ABL Funds

    June 08, 2006

    Swiss fund of funds firm Gottex Fund Management is considering launching more funds in the asset-based lending space.

  • Harcourt Seeks Sales, Portfolio Management Pros

    June 08, 2006

    Zurich-based fund of funds firm Harcourt Investment Consulting is seeking to make a clutch of hires.

  • Hedge Funds Swarm Lexar-Micron Deal

    June 08, 2006

    A cadre of top hedge funds has placed bets in the pending acquisition of Lexar Media by Micron Technology.

  • Hong Kong Politico Calls For Increased Hedge Transparency

    June 08, 2006

    The acting chief executive of the Hong Kong Special Administrative Region, the region's second-highest political office, last week called for more transparency in transactions involving hedge funds, according to AIN sister publication Compliance Reporter.

  • Houston MBS Fund Takes Hit

    June 08, 2006

    Parallax Capital Partners, a mortgage-backed securities fund managed by Houston-based Parallax Investments, took a hit in April due to pricing concerns stemming from flaws in prepayment models.

  • Houston Shop Eyes Sale Of Under-Construction Plants

    June 08, 2006

    Private equity venture Navasota Holdings Texas Partners is expected to initiate a formal auction for a pair of natural gas-fired plant projects in ERCOT, construction of which has only recently started.

  • HSBC Lines Up Private Equity Analysts

    June 08, 2006

    HSBC Republic Investments, the arm of the private bank that manages funds of hedge funds, is making headway in building a private equity business.

  • Korean Event-Driven Fund Firm Launches

    June 08, 2006

    Nam Ho Lee, former v.p. and fixed income trader at Morgan Stanley in Seoul, has set up an investment firm in Korea which may employ over-the-counter equity products down the road.

  • Liberation Attacks Slot Machine Co.

    June 08, 2006

    Liberation Investment Group, the Los Angeles activist hedge fund firm run by Emmanuel Pearlman, is on the offensive against Multimedia Games, which makes electronic games for casinos.

  • Loeb Sells Seitel Shares

    June 08, 2006

    Activist hedge fund firm Third Point, which is run by outspoken manager Daniel Loeb, has unwound part of its position in Seitel, a company that provides seismic data to the oil and gas industry.

  • Lyster Watson Debuts FoF

    June 08, 2006

    New York-based fund of funds manager Lyster Watson, with $1 billion under management, has launched its fourth fund of hedge funds last month.

  • Magnum Rolls Out Fund With Energy Twist

    June 08, 2006

    Nassau- and Miami-based Magnum Fund Management has partnered with Kaizen Management to launch a fund with an energy twist.

  • Mass. Fund To Seek Hedge Fund Manager

    June 08, 2006

    The $600 million Cambridge (Mass.) Retirement System will issue an RFP by June 16 for a direct hedge fund manager specializing in absolute return strategies to handle 2% of the fund's portfolio.

  • McKinsey Report Points PE Shops To Canada

    June 08, 2006

    A McKinsey report on private equity released last week suggests that U.S. buyout shops may increasingly look to Canada for deals, where auctions are less competitive and they would also be able to throw their weight around.

  • N.Y. AG Candidate Calls For Self-Regulation

    June 08, 2006

    Jeanine Pirro, the former Westchester County, N.Y., district attorney who is vying to replace Eliot Spitzer as attorney general, last week recommended that hedge funds employ self-regulation to stay off regulators' radar screens.

  • N.Y. Manager On Hiring Spree

    June 08, 2006

    KBW Asset Management in New York, which at present manages two long/short hedge funds investing in the financial services sector, is planning to hire up to 10 professionals in the U.S. and up to five in London to roll out a range of strategies.

  • New Searches Table

    June 08, 2006

  • Partners, Adams Street Snag U.K. Pension Cash

    June 08, 2006

    The £957 million Oxfordshire County Council Pension Fund has hired Adams Street Partners and Partners Group for private equity briefs.

  • Potential Searches Table

    June 08, 2006

  • Rhombus Snatches Senior Analyst

    June 08, 2006

    Rhombus Capital Management, the New York-based shop that runs a $650 million long/short equity hedge fund, has hired Ken Hee Lee as a senior analyst.

  • Riverside Gets Niche Fever

    June 08, 2006

    The Riverside Co. is increasingly focusing on niche investments, according to Stewart Kohl, managing general partner.

  • RREEF Poised For Mumbai Open

    June 08, 2006

    RREEF, the real estate arm of Deutsche Bank, will tap into India by opening its first office in Mumbai and is mapping out an Indian infrastructure fund launch in three years.

  • Shumway Taps Tech Analyst

    June 08, 2006

    Shumway Capital Partners, the $4 billion Greenwich, Conn., firm that manages a long/short equity fund recently hired Naveen Choudary as the firm's sole technology analyst.

  • Singer Quits Cyrus To Start Fund

    June 08, 2006

    Nicholas Singer, a distressed-debt prodigy who at 26 has already been a founding partner of a $1 billion hedge fund, has resigned from Cyrus Capital Partners to start his own hedge fund firm.

  • Thames River Japan Fund Dips In April

    June 08, 2006

    Thames River Capital's long/short Japanese equity fund had its worst month since launch in April, losing 4.85% for the yen share class.

  • The Long & Short Of It

    June 08, 2006

    Going Short: European Central Bank.

  • Tremont Opens Hong Kong Office

    June 08, 2006

    Rye, N.Y.-based fund of funds giant Tremont Capital Management, a subsidiary of mutual fund giant OppenheimerFunds, has added a Hong Kong office.

  • Tudor Seeks Analyst For Middle East, Africa

    June 08, 2006

    Tudor Investment Corp., the Greenwich, Conn.-based hedge fund giant, is seeking to hire an analyst in its Surrey, U.K., office.


 

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