Stories

  • Goldstein Takes Aim At 13F

    September 12, 2006

    After taking on the SEC's hedge fund registration rule--and winning--Phil Goldstein has Rule 13F in his crosshairs.

  • Balance Asset Management Inks Cash From RMF

    September 11, 2006

    The New York startup is receiving a "significant" allocation from Switzerland's RMF Investment Management.

  • "If a manager leaves, we pull the plug."

    September 08, 2006

    Daniel Axmer, senior research analyst, Asset Alliance International, on why the fund of funds reshuffled some of its underlying managers.

  • Angelica Settles With Steel, Staves Off Pirate

    September 08, 2006

    Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, has settled its dispute with linen launderer Angelica Corporation.

  • Asset Alliance Drops Manager From Eastern Europe FoF

    September 08, 2006

    Asset Alliance International, the London-based subsidiary of the New York fund of hedge funds firm, has replaced a long/short equity manager in its fledgling Eastern European fund of funds, and has lined up two more as it seeks to further diversify the portfolio.

  • Canadian Pension Seeks First Hedge Fund Managers

    September 08, 2006

    The Toronto Transit Commission, with CAD3.1 billion in total assets, will take its first hedge fund stake and plans to hire at least two fund-of-hedge-funds managers for mandates worth CAD50 million each.

  • Canyon Vet Unveils L/S Fund

    September 08, 2006

    Steve Bardack, who managed the technology portfolio at Canyon Capital Advisors, has launched a long/short equity strategy at his Beverly Hills startup Strata Capital Management.

  • Chaos Theory Maven Seeks Operating Capital

    September 08, 2006

    London-based HED Capital Management, a chaos theory firm run by mathematician Richard Edwards, is seeking additional operating capital.

  • Citi Launches Alternatives Venture

    September 08, 2006

    Citigroup Global Wealth Management has set up its first targeted effort focused solely on alternative investments for its high-net-worth clients.

  • Citi Plugs Asia Vol Plays

    September 08, 2006

    Citigroup is recommending opposing volatility strategies for Asia and Japan, given diverging stock market outlooks.

  • Completed Searches Table

    September 08, 2006

  • Data Zone

    September 08, 2006

    This week, we take a look at arbitrage hedge funds.

  • Dutch Power Honcho Readies Fund

    September 08, 2006

    Marcel Melis, a veteran energy trader from Delta Energy and Reliant Energy Trading & Marketing, has started Energy Capital Management.

  • Ex-CDC IXIS Pros Ready Arbitrage Fund

    September 08, 2006

    The former equity-linked proprietary trading team at French giant CDC IXIS has set up Anakena Finance and will launch a global multi-strategy arbitrage fund--the Maximus fund--Oct. 1.

  • Fidelity Vet Debuts L/S Strat

    September 08, 2006

    Alexander Sacerdote, a veteran sector portfolio manager of Fidelity Investment's institutional arm, Pyramis Global Advisers, has split off to launch his own long/short strategy.

  • FRM Kick-Starts Credit FoF

    September 08, 2006

    Financial Risk Management, the London-based fund of hedge funds mammoth, has launched a fund of funds focused on credit strategies.

  • HSBC Rolls Out Commodities Strat

    September 08, 2006

    HSBC Halbis Partners launched a commodities fund on Sept. 1.

  • Hudson Bay Wins On Canadian Trust Merger

    September 08, 2006

    New York-based Hudson Bay Capital's Hudson Bay Fund returned 7.67% last quarter thanks in part to a merger arbitrage play on Canadian trust companies.

  • Insinger Gains With Irish Food Company

    September 08, 2006

    Amsterdam-based Insinger de Beaufort Asset Management's European long/short equity fund, IdB Alchemy, was up 1.26% in July.

  • Living On The Hedge...

    September 08, 2006

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

  • Loeb To Nabi: Gimme Da Books

    September 08, 2006

    Third Point, the activist hedge fund firm run by outspoken manager Daniel Loeb, wants to look at books and records for Nabi Biopharmaceuticals.

  • Long Island Shop Readies Maiden Fund

    September 08, 2006

    Bridgehampton, N.Y.,-based Bridgehampton Capital Management is launching its first fund.

  • MPC To Grow Sales Team

    September 08, 2006

    MPC Investors, with $1.35 billion under management, will expand its sales team to strengthen its foothold in Europe.

  • New Searches Table

    September 08, 2006

  • Numeric Rolls Out Trio Of Hedge Funds

    September 08, 2006

    Numeric Investors, the Cambridge, Mass.-based asset management firm that made its name as a long-only shop, has launched three alternative investment funds this summer, with the third--a market-neutral strategy--rolling out Sept. 1, according to a marketer.

  • Park Hill Nabs Conquest Capital Pro

    September 08, 2006

    New York's Park Hill Group, the alternative asset placement firm affiliated with Blackstone Asset Management, has hired Annie Bélanger as director of client services.

  • Pomeroy To Up International Exposure

    September 08, 2006

    Pomeroy Capital, the New York-based healthcare manager started by Merrill Lynch veteran A.J. Rice, is expected to increase its exposure to international equities in the healthcare services sector, arguing that this area has been neglected by analysts.

  • Potential Searches Table

    September 08, 2006

  • Russia To Launch Fund Of VC Funds

    September 08, 2006

    The Russian Ministry of Economic Development and Trade is launching Russian Venture Fund, a fund of venture capital funds that will allocate approximately $550 million to up to 15 VC managers that invest in the country.

  • Sailfish Makes Equity Debut

    September 08, 2006

    Sailfish Capital has made its debut in the equity markets with a new fund run by Rob Cannon, a former executive at Steve Cohen's SAC Capital Advisors.

  • SEC Guidance Limits Hedge Funds' Use Of Non-Audit Services

    September 08, 2006

    The Securities and Exchange Commission has clarified that newly registered hedge fund managers will need to eliminate the use of certain services in order to comply with the SEC's custody rule, according AIN sister publication Compliance Reporter.

  • Stenham FoF Loses With Music Industry Malaise

    September 08, 2006

    Stenham Asset Management's two longest-running global macro funds of funds were up in July, but its third lost money, in part thanks to a manager with large positions in EMI and Time Warner.

  • Swiss Firm Plans U.S. Converts Fund

    September 08, 2006

    Wake Asset Management, a Geneva-based hedge fund firm with approximately $100 million under management, is planning to launch its second fund toward the end of the year.

  • Toronto Alts Group Eyes Expansion

    September 08, 2006

    BluMont Capital, a hedge fund firm based in Toronto, is looking at ways of expanding its investor base, according to AIN sister publication Derivatives Week.

  • Xerion Cashes Out Of Oneida

    September 08, 2006

    Following its decision to abandon an acquisition of Oneida Ltd., Xerion Capital Partners has sold its entire equity position in the company.


 

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