Stories

  • Stillwater Rolls Out Mezz Fund

    August 30, 2006

    New York hedge fund firm Stillwater Capital Partners has launched a new fund that specializes in mezzanine lending on real estate deals.

  • "It appears that Mr. McLain prefers a more Maoist approach whereby only information he deems beneficial to his empire is disseminated to board members."

    August 25, 2006

    Third Point's Daniel Loeb, in a letter to Nabi Biopharmaceuticals Chairman and CEO Thomas McLain, criticizing the lack of communication.

  • Absolute Capital Establishes Zug Outpost

    August 25, 2006

    Absolute Capital Management, the Palma de Mallorca, Spain-based firm founded by well-known manager Florian Homm, is opening an office in the Swiss canton of Zug.

  • Arizona Ponders Alts

    August 25, 2006

    The $23 billion Arizona State Retirement System has just started a triennial asset allocation study and is reviewing various asset classes, including whether to invest in private equity and hedge funds for the first time.

  • Caliburn Plans More Funds

    August 25, 2006

    Caliburn Capital Partners, the alternatives shop co-founded last year by Tony Morrongiello, will launch more funds of hedge funds in 2007.

  • Caxton Adjusts Exposure To Pipe Co.

    August 25, 2006

    Caxton Associates, the mammoth hedge fund firm run by Bruce Kovner, has adjusted its equity position in PW Eagle, which manufactures polyvinyl chloride (PVC) pipes.

  • Completed Searches Table

    August 25, 2006

  • Cowen Director Bostwick Readies FoF

    August 25, 2006

    Thomas Bostwick, until recently a director at Cowen and Co., has founded New York-based Bostwick Capital and is readying a fund of hedge funds slated to launch Oct. 1, according to an investor.

  • Credit Suisse Private Funds Group Makes Hires

    August 25, 2006

    Credit Suisse's private funds group has made two hires. Alexandra Court, who joined as director, was previously at Julius Baer.

  • D.E. Shaw Makes Another Play For Oneida

    August 25, 2006

    Hedge fund behemoth D.E. Shaw & Co. has made another run at purchasing Oneida Ltd., following an unsuccessful attempt to buy the company with Xerion Capital Partners.

  • Danish Firm Lines Up Portfolio Manager

    August 25, 2006

    Copenhagen-based fund of hedge funds firm Scandium Asset Management will expand its investment team by hiring a fourth portfolio manager.

  • Data Zone

    August 25, 2006

    This week, we take a look at multi-strategy hedge funds.

  • Eden Rock Preps Third ABL Fund

    August 25, 2006

    Eden Rock Capital Management, the $1.2 billion London-based fund of funds firm, is preparing to roll out its fifth offering.

  • Hedge Fund Strategies Edge Into Retirement Market

    August 25, 2006

    Mutual funds that use the same strategies as hedge funds are moving into individual retirement accounts and could be making their way to 401(k)s, according to AIN sister publication Defined Contribution & Savings Plan Alert.

  • Hedge Funds Prep For U.S. Economic Slowdown

    August 25, 2006

    Anticipating a slowdown in the U.S. economy--but in most cases, not a recession--later this year or early next, three prominent hedge fund managers have begun to reposition their portfolios.

  • HedgeHogging

    August 25, 2006

  • King Street Analyst Readies Activist Strategy

    August 25, 2006

    Michele Paige, who was a senior analyst at King Street Capital Management and Icahn Associates, has formed Paige Capital Management and is readying an activist fund slated to launch Nov. 1, according to an investor presentation obtained by AIN.

  • Living On The Hedge

    August 25, 2006

    An occasional column by Logan Short, an astute industry observer. He can be reached at lshort@iinews.com.

  • Loeb Fires Another Volley At Nabi

    August 25, 2006

    Third Point, the activist hedge fund firm run by outspoken manager Daniel Loeb, is continuing its offensive against Nabi Biopharmaceuticals.

  • Mellon Seeks Hedge Fund Analyst

    August 25, 2006

    Mellon Global Alternative Investments, the asset management giant's $1 billion fund of hedge funds arm, will seek to hire an additional analyst within the next six months or so.

  • Mont Pelerin Adds Analyst

    August 25, 2006

    Mont Pelerin Capital, the Newport Beach, Calif., firm started by Chuck Martin, hired an analyst at the beginning of the month, according to Christopher Ainsworth, chief operating officer.

  • N.Y. Marketer Ramps Up

    August 25, 2006

    New York-based Proctor Investment Managers, a third-party marketing firm that also provides capital and client services, has hired two marketing professionals, according to Mona Aboelnaga, president.

  • New Searches Table

    August 25, 2006

  • Okla. Cops Seek Private Equity Managers

    August 25, 2006

    The Oklahoma Police Pension & Retirement System is seeking private equity managers and considering a maiden investment in real estate, according to AIN sister publication Money Management Letter.

  • Old Mutual Preps Volatility Arb Fund

    August 25, 2006

    Old Mutual Asset Managers, the $9 billion asset management firm, will launch a volatility arbitrage fund in October.

  • Pangaea PM Launches L/S Strategy

    August 25, 2006

    Kevin Taback, portfolio manager at Pangaea Capital Management, formed Serac Management in Boston and launched a long/short equity fund last month.

  • Pirate Marketer Calls It Quits

    August 25, 2006

    Andrew Stotland, senior director of sales and marketing at Pirate Capital, has left the firm.

  • Potential Searches Table

    August 25, 2006

  • Stenham Makes First Push Into Structured Products

    August 25, 2006

    Stenham Asset Management, the $2 billion-plus fund of funds and wealth management firm, is making its first-ever move into structured products.

  • Swiss Firm Plans Dedicated Asset Finance Fund

    August 25, 2006

    Zurich-based Systematic Absolute Return is planning to launch a fund of funds dedicated to asset finance and will pursue a variety of sub-strategies, according to Stanley Marchon, a consultant for the firm.

  • Wachovia, Merrill Vet To Launch Hedge Fund

    August 25, 2006

    Scott Umstead, a 30-year career veteran with stints at Merrill Lynch and Wachovia Securities, is about to launch his own hedge fund.


 

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