Stories

  • Cowen Director Bostwick Readies FoF

    August 23, 2006

    Thomas Bostwick has departed Cowen and launched a hedge fund, Bostwick Capital.

  • King Street Analyst Readies Activist Strategy

    August 22, 2006

    Michele Paige, who was a senior analyst at King Street Capital Management and Icahn Associates Corp., is launching her own activist fund this fall.

  • HSBC Eyes More FoFs

    August 21, 2006

    HSBC Republic Investments is planning to launch more funds of hedge funds.

  • "At its peak, our position had grown to over 10% of assets due to appreciation, and in retrospect I had an opportunity to reduce our exposure...I didn't and our returns suffered as a result."

    August 18, 2006

    David Kurzman, managing partner, Kurzman Partners, in the firm's most recent letter to investors.

  • Activist Fund Loses On Auto Parts, Consumer Sectors

    August 18, 2006

    New York-based Barington Capital Group's event-driven/activist Barington Companies Equity Partners returned -2.67% last month.

  • Activist Hedge Funds Target Sizeler Sale

    August 18, 2006

    A group of activist hedge funds are balking at a proposed sale of Sizeler Property Investors to Revenue Properties.

  • Advent Snatches Barclays PM

    August 18, 2006

    Advent Capital Management, the New York manager with $3 billion in convertible, high-yield, equity and event-driven strategies, has hired a veteran portfolio manager from Barclays Capital.

  • Chapman Trims Carreker Stake

    August 18, 2006

    Chapman Capital, the activist hedge fund firm run by well-known manager Robert Chapman, has trimmed its exposure to Carreker Corporation, a Dallas payment solutions provider to financial service and online companies.

  • Datazone

    August 18, 2006

  • Eden Rock Seeks Sales Pro

    August 18, 2006

    Eden Rock Capital Management, the London-based fund of funds firm with $1.2 billion under management, is seeking to make a sales hire to join its marketing team.

  • Ferro Readies Single-Strategy FoFs

    August 18, 2006

    Ferro Capital, the $1.5 billion fund of hedge funds firm, is preparing to launch a range of single-strategy funds of funds--a first for the firm.

  • FX Concepts Opens London Office

    August 18, 2006

    New York-based currency manager FX Concepts opened a London office at the beginning of the month, replacing its Paris location, which opened in 1993.

  • GLG Lays An Egg In June

    August 18, 2006

    London hedge fund goliath GLG Partners followed a tough showing in May with equally dismal performance in June.

  • Hedge Funds Must Weigh State Registration

    August 18, 2006

    Hedge fund advisers that are considering deregistration from the Securities and Exchange Commission should determine whether they are required to register with the states where they have offices, lawyers said.

  • IPM Mulls Onshore Funds

    August 18, 2006

    Informed Portfolio Management, the $5 billion Stockholm-based firm, is considering launching onshore funds for Continental Europe.

  • John Henry Continues Losing Streak

    August 18, 2006

    Continuing its misfortunes from June (AIN, 7/17), managed futures giant John W. Henry suffered last month, according to an investor document, with all nine funds still losing money despite showing a slight improvement.

  • JPMorgan Vet Debuts TMT Play

    August 18, 2006

    Greg Geiling, who spent nearly a decade at JPMorgan, most recently as chief technology strategist, has launched a long/short equity technology, media & telecommunications fund with his new firm, New York-based Christie Street Capital Management.

  • LibertyView Fund Makes Univision Play

    August 18, 2006

    LibertyView Capital Management's risk arbitrage fund returned 63 basis points in June despite its position in Spanish language television giant Univision Communications.

  • London & Capital Mulls Short Index

    August 18, 2006

    London & Capital, the $2 billion-plus boutique, will consider offering a short index based on its algorithmic U.S. stock selection tool, MarketGrader.

  • London Firm Rolls Out Asia Fund

    August 18, 2006

    London-based Tiburon Partners has launched its second Asia ex-Japan hedge fund.

  • Lyxor Gears Up For Major Asian Push

    August 18, 2006

    Lyxor Asset Management, the $70 billion French fund of hedge funds, will make a major push for assets from Asian investors next year.

  • Mellon Ditches Manager Over Side Pockets

    August 18, 2006

    Mellon Global Alternative Investments has decided to drop a longstanding distressed credit fund from two of its funds of hedge funds because the manager is introducing side pockets.

  • N.Y. Fund Loses On Fuel Cell Maker

    August 18, 2006

    New York-based Kurzman Partners' long/short Kurzman CleanTech fund returned -3.7% last quarter.

  • N.Y. Long/Short Firm Taps Marketer

    August 18, 2006

    New York-based Eddystone Capital, which manages a long/short equity hedge fund, has hired a Contrarian Capital Management veteran as director of marketing--a new position.

  • New Searches Table

    August 18, 2006

  • PAAMCO Hires Investment Analyst

    August 18, 2006

    Fund of funds giant Pacific Alternative Asset Management Co. has hired Noelita Rajadurai, a recent London School of Economics graduate, to be an investment analyst in its London office.

  • Paul Capital Launches FoF

    August 18, 2006

    San Francisco-based venture capital firm Paul Capital Partners launched a middle market fund of private equity funds last month, according to an investor.

  • Pirate Funds Get Pillaged

    August 18, 2006

    Tom Hudson's Pirate Capital is facing the biggest drawdowns in the firm's history in its two main funds.

  • Pirate Ups Intrawest Stake Ahead of Acquisition

    August 18, 2006

    Pirate Capital, the activist hedge fund firm run by Thomas Hudson, has increased its stake in mountain resort operator Intrawest Corporation.

  • Potential Searches Table

    August 18, 2006

  • Rotella Kicks Off Strats

    August 18, 2006

    Kirkland, Wash.-based Rotella Capital Management has rolled out two new strategies.

  • SEC: Private Fund Records Still Available To Examiners

    August 18, 2006

    The Securities and Exchange Commission has made clear that registered hedge fund advisers will still need to provide the records of their private funds to examiners.

  • Trigram Eyes Marketer

    August 18, 2006

    Trigram Capital Management, the Greenwich, Conn.-based firm started by a Goldman Sachs and Merrill Lynch veteran, is seeking a marketer for its Trigram Asia Global Impact Fund, according to an e-mail obtained by AIN.

  • Xerion Busts Bid For Oneida

    August 18, 2006

    Xerion Capital Partners, a hedge fund firm connected to Donald Sussman, has pulled out of a play with D.E. Shaw & Co. to purchase Oneida Ltd.


 

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