Stories

  • "Chapman Capital believes that Sunterra's board of directors has treated their fiduciary duty of care worse than they would a timeshare in a construction site porta potti."

    July 07, 2006

    Chapman Chairman Robert Chapman in a letter written to Sunterra Corporation.

  • Activist Legend Guy Wyser-Pratte

    July 07, 2006

    The fervor in activist investing continues unabated, with the likes of Carl Icahn, Daniel Loeb, Phil Goldstein, Robert Chapman and Warren Lichtenstein hogging the attention of media worldwide, AIN included.

  • Beantown Shop Debuts Offshore Fund

    July 07, 2006

    Boston-based Thunderstorm Capital, formerly known as Dorfman Investments, has rolled out its long/short Aragosta Fund, an offshore version of its Lobster Fund, which launched in June of 2000.

  • Bridgewater Debuts Higher-Vol Fund

    July 07, 2006

    Ray Dalio's Bridgewater Associates has rolled out a higher-volatility version of its long-only All Weather strategy.

  • Chapman Rips Timeshare Co.

    July 07, 2006

    Chapman Capital, the activist hedge fund firm run by Robert Chapman, has gone on the offensive against Sunterra Corporation.

  • Completed Searches

    July 07, 2006

  • Credit Suisse Vet Departs

    July 07, 2006

    Scott Merkel, v.p. of Credit Suisse's fund and alternative solutions group, left last month to join Société Générale Asset Management Alternative Investments.

  • Data Zone

    July 07, 2006

    This week, we take a look at long/short hedge funds.

  • Duquesne Alumni To Debut Credit Play

    July 07, 2006

    Kevin Eng and Howard Kaminsky, former portfolio managers at the $3.5 billion hedge fund giant Duquesne Capital Management, have started Short Hills, N.J.-based Columbus Hill Capital Management.

  • Goldstein Loses Deutsche Bank Fight

    July 07, 2006

    Phil Goldstein, the outspoken manager of activist firm Bulldog Investors, has lost his showdown with a closed-end fund managed by Deutsche Bank.

  • Highbridge Honcho Makes Solo Debut

    July 07, 2006

    Ron Resnick, a 13-plus year veteran of hedge fund giant Highbridge Capital Management, has left to start AlphaWorks.

  • Indonesia, Kiwi Holdings Weigh Down Denahi

    July 07, 2006

    Denahi Global Investments' long/short Denahi Asia Focus Fund lost nearly 1% in May due to long positions in Indonesian and New Zealand companies, according to an investor document.

  • Kilkenny Readies Two New Strats

    July 07, 2006

    Chicago's Kilkenny Capital Management is planning to launch two new strategies, the second and third in the firm's 11-year history, in an effort to increase the firm's $240 million in assets.

  • Martin Currie Soft-Closes Commodities Fund

    July 07, 2006

    Edinburgh-based Martin Currie Investment Management has soft-closed its global resources hedge fund at $400 million.

  • Mellon Seeks To Add Credit Managers

    July 07, 2006

    Mellon Global Alternative Investments, with $740 million in funds of hedge funds, is planning to add more managers to its credit fund of funds.

  • Morgan Stanley Shifts Credit Head To HK

    July 07, 2006

    Morgan Stanley next month will shunt Robert Breden, head of Asian investment-grade credit trading and structuring, from Tokyo to Hong Kong.

  • Muirfield Debuts Multi-Strategy FoF

    July 07, 2006

    Muirfield Capital Management, headed by former Donaldson, Lufkin & Jenrette alumni Geoffrey Stern and John Chalsty, rolled out its third fund of hedge funds July 1.

  • New Searches Table

    July 07, 2006

  • New Zealand Fund Hires GMO

    July 07, 2006

    The NZD9.9 billion New Zealand Superannuation Fund has hired Grantham, Mayo, van Otterloo & Co. for a global multi-strategy brief as part of its ongoing search for alpha.

  • NYSE Concerned Over Hedge Funds Using Multiple Prime Brokers

    July 07, 2006

    NYSE Regulation is growing more concerned with the trend of hedge funds using multiple prime brokers to leverage their bets, Richard Ketchum, CEO of NYSE Regulation, told a recent risk management conference in New York.

  • Park Place Mulls Small-, Mid-Cap Strategy

    July 07, 2006

    Park Place Capital, the London-based hedge fund firm with $500 million under management, is considering launching a fund focused on European small- and mid-cap stocks.

  • Pequot Analyst To Roll Out Fund

    July 07, 2006

    Mike Benevento, former technology, media and telecommunications senior analyst for Pequot Capital Management, has started New York-based Trinium Capital Management.

  • PIPE Manager Starts Targeting Pension Funds

    July 07, 2006

    In a push to double its assets, Cornell Capital Partners has hired Tom Anderson to the newly-created role of director, investor relations.

  • Pirate Attacks James River, Pep Boys

    July 07, 2006

    Pirate Capital, the hedge fund firm run by Tom Hudson, is challenging James River Coal Co. and The Pep Boys--Manny, Moe & Jack.

  • Platinum Fund Takes May Hit

    July 07, 2006

    Platinum Capital Management's long/short U.S. equity fund, Platinum Washington, took a hit in May and lost 7.28%.

  • Potential Searches Table

    July 07, 2006

  • RAC Mulls Maiden Alternatives Foray

    July 07, 2006

    The £800 million pension fund for the roadside assistant group RAC is considering investing in alternatives for the first time as a review of its investment strategy and asset allocation takes place, according to AIN sister publication Global Money Management.

  • Sass Affiliate Plays Defense Against Slowing HPA

    July 07, 2006

    New York-based Waterfall Asset Management's $228 million Waterfall Eden Master Fund, which invests in high-yield asset-backed securities in the secondary market, is taking action to prepare for slowing home price appreciation, according to an investor document.

  • Steel Shorts Water Co.

    July 07, 2006

    Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, profited from shorting Walter Industries, a holding company for water, coal and natural gas infrastructure operations.

  • Stenham To Delay Soft Commodities Push

    July 07, 2006

    London-based fund of funds and wealth management firm Stenham Advisors has decided to hold off on offering a planned soft commodities fund of funds to outside investors.

  • Swiss Commodities Firm Plans Launch

    July 07, 2006

    Geneva-based commodities firm Inoks Capital is preparing to launch a trade structured finance fund, the Ancile Fund, on Aug. 1.

  • TCI Affiliate Seeks Analysts

    July 07, 2006

    Algebris Investments, a start-up hedge fund shop affiliated with Christopher Hohn's $8 billion firm, The Children's Investment Fund Management, is seeking to hire two investment analysts in the run-up to launching its long/short global financials fund Oct. 1.

  • Vanuatu Start-Up Eyes Japan L/S Fund

    July 07, 2006

    Agari Capital Management, a start-up hedge fund firm based in Vanuatu in the South Pacific, is planning to roll out a Japan long/short equity fund, probably before the end of the year.

  • Windy City Firm Registers With SEC

    July 07, 2006

    Chicago-based Sellers Capital was one of the last firms to register with the Securities and Exchange Commission prior to an appellate court ruling striking down mandatory registration.


 

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