Stories

  • FoFs To Investors: No Amaranth Here

    September 20, 2006

    With news reports wide-spread about multi-billion dollar Amaranth Advisors getting walloped in the natural gas market, fund of funds firms are reassuring investors they had no exposure.

  • Stadia Founding Partners Splits

    September 20, 2006

    Rick Abeyta, one of the founding partners of Stadia Capital, has departed the firm.

  • Bonnefoy Readies Single-Manager Macro Fund

    September 19, 2006

    Cedar Partners is preparing to launch its first single-manager hedge fund for outside investors.

  • "It's like saying if you have a restaurant with $10,000 in revenues the chef has to publish his recipes."

    September 15, 2006

    Phil Goldstein, founder, Bulldog Investors, on his opposition to the Securities and Exchange Commission's Rule 13F that requires large funds to disclose their equity holdings each quarter. Goldstein may challenge the rule in court.

  • Allocators Outline Reasons For Pulling The Plug

    September 15, 2006

    Allocating to emerging managers may be in fashion, but funds of funds are not shy about yanking investments.

  • Andor/Pequot Vet Splits To Start Own Shop

    September 15, 2006

    Jerry Schendel, who spent the last year as a portfolio manager at Andor Capital Management and eight years at Pequot Capital Management, is readying his own hedge fund firm.

  • Balance Asset Management Inks Cash From RMF

    September 15, 2006

    New York's Balance Asset Management is receiving an allocation of capital from Pfäffikon, Switzerland-based fund of funds firm RMF Investment Management, as first reported on iialternatives.com Monday.

  • Balyasny Fund To Soft-Close

    September 15, 2006

    Atlas Global Investments, a multi-strategy hedge fund managed by Chicago firm Balyasny Asset Management, will soft-close when it reaches the $750 million mark, according to an investor document.

  • Balyasny Fund To Soft-Close

    September 15, 2006

    Atlas Global Investments, a multi-strategy hedge fund managed by Chicago firm Balyasny Asset Management, will soft-close when it reaches the $750 million mark, according to an investor document.

  • Calif. Firm Makes Marketing Push

    September 15, 2006

    Hollencrest Capital Management, a Newport Beach, Calif.-based firm, is targeting family offices in its first-ever marketing push, according to Michael Schulman, senior portfolio manager.

  • Carolina VC Firm Hires MD For N.Y. Office

    September 15, 2006

    SJF Ventures, a Durham, N.C.-based venture capital firm, has hired Alan Kelley as managing director for its New York office, which opened last week.

  • Caxton's Healthcare Fund Shuts Down

    September 15, 2006

    Bruce Kovner's Caxton Associates has shut down its Caxton Healthcare Trading fund. Ken Rader, the strategy's portfolio manager, was reassigned to the firm's U.S. equity group and its six analysts were let go, according to an investor.

  • Chi-Town Consultant To Expand P/E Practice

    September 15, 2006

    Ennis Knupp + Associates has hired Brett Nelson as principal to expand the range of private equity services the firm offers and to increase its coverage of international private equity managers; the firm has traditionally focused on U.S. firms.

  • College Football Champ Launches Hedge Fund

    September 15, 2006

    Steven Moore, who won the national championship as a cornerback on Ohio State University's 2003 football team, has founded a hedge fund firm and rolled out two funds.

  • Deephaven Readies Carve-outs

    September 15, 2006

    Deephaven Capital Management is planning to roll out a slew of single-strategy funds carved out from its multi-strategy flagship in an apparent push for more institutional assets.

  • Ex-Goldman, Tudor Pros Unveil Fund

    September 15, 2006

    A global macro fund managed by ex-Goldman Sachs trader Chris Clarke and former Tudor Capital trader Hans Summers will be offered to outside investors for the first time next month.

  • First Quadrant Taps Researcher

    September 15, 2006

    First Quadrant, a Pasadena, Calif.-based firm that manages equities and global macro strategies, has hired researcher Sal Pellettieri from Canadian mutual fund Investors Group.

  • FoFs Explain Selection Criteria

    September 15, 2006

    At a time when capacity is scarce among top-performing managers, funds of funds are increasingly turning their attention toward emerging shops and scrutinizing more than just performance.

  • FRA's Incubation and Seeding Conference

    September 15, 2006

    About 60 hedge fund managers and institutional investors gathered at Financial Research Associates' Incubation and Seeding Conference Sept. 11-12 in New York.

  • Frey's Firm Plans Eastern Europe Presence

    September 15, 2006

    Renowned manager Rainer-Marc Frey's Swiss firm, Horizon21 Alternative Investments, will open an office in Bratislava before the end of the year.

  • Goldstein Takes Aim At 13F

    September 15, 2006

    Fresh off his landmark victory over the Securities and Exchange Commission that overturned the hedge fund registration rule, Phil Goldstein is setting his sights on Rule 13F, as first reported on iialternatives.com Tuesday.

  • Gotham Shop Closes Second Fund

    September 15, 2006

    ICV Capital Partners, the New York-based buyout firm that invests in smaller middle market companies, had the final closing on its second fund last week, said Willie Woods, managing director.

  • Illinois Universiy Fund May Up Alts Investments

    September 15, 2006

    The State Universities Retirement System of Illinois may consider increasing its exposure to alternatives once the fund's year-end review is complete, reports AIN sister publication Money Management Letter.

  • Investcorp Details Seeding Strats

    September 15, 2006

    Hank Murphy, principal of Investcorp Asset Management, said his firm provides $40-50 million in seed capital to three managers each year.

  • KBC Rebuilds Hedge Fund Arm

    September 15, 2006

    KBC Alternative Investment Management has been hiring over the last few months and is close to doubled headcount on a year ago, reports AIN sister publication Derivatives Week.

  • Liongate Readies More Concentrated FoF

    September 15, 2006

    Randall Dillard, partner at London-based Liongate Capital Management, has shed light on the firm's plans for its second fund of hedge funds, which will launch in the next couple of months.

  • Living On The Hedge...

    September 15, 2006

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

  • Merrill Snags Millenium Trader For Prop Desk

    September 15, 2006

    Merrill Lynch in New York has hired Joe Farrell, an equity volatility trader at hedge fund giant Millennium Management.

  • Midlands Firm Seeks Hires

    September 15, 2006

    Nottingham- and Birmingham-based private equity firm Catapult Venture Managers will expand its investment team as it prepares to launch its third fund.

  • Minnesota School To Boost Alts

    September 15, 2006

    The University of St. Thomas is planning to increase its alternatives exposure and has hired Cambridge Associates as its investment consultant, according to AIN sister publication Foundation and Endowment Money Management.

  • MPC Preps Offshore Funds

    September 15, 2006

    MPC Investors, the hedge fund firm with $1.35 billion under management, is planning to expand its range of funds.

  • Mulvaney CTA Fuelled By Sugar, Orange Juice

    September 15, 2006

    London-based Mulvaney Capital Management's CTA strategy was up 1.95% in August, after three consecutive bad months.

  • Paris Shop To Roll Out Maiden Strat

    September 15, 2006

    Paris-based Varenne Capital Partners will launch its first strategy at the end of this year, according to Giuseppe Perrone, co-founder.

  • Paulson Launches Credit Fund

    September 15, 2006

    Paulson Partners has rolled out a credit fund, according to an investor.

  • Pirate Makes Peace With Pep Boys

    September 15, 2006

    Pirate Capital, the activist hedge fund firm run by Tom Hudson, has settled its feud with The Pep Boys--Manny, Moe & Jack.

  • Private Equity Firms Step Into M&A Spotlight

    September 15, 2006

    Private equity firms are increasingly becoming buyers in the hedge fund merger and acquisition market. A recent example was Palm Beach Capital taking an equity position in Weston Capital Management.

  • Sandell Rolls Out Aggressive Version Of Flagship

    September 15, 2006

    New York's Sandell Asset Management has launched a less-diversified, higher-risk version of its $3.3 billion Castlerigg International master fund.

  • Seen & Heard

    September 15, 2006

    Depression Session. Attendees could be forgiven for becoming dispirited by the conference chairman's opening remarks, which supplied a reality check.

  • Swiss Firm Launches U.K. Event-Driven Fund

    September 15, 2006

    Zurich-based ISPartners Investment Solutions has rolled out an event-driven hedge fund, the Helium Special Situations Fund.

  • Swiss Pensions Seek Alts

    September 15, 2006

    The newly-formed DL Investment Partners, a consulting firm in Switzerland, is seeking fund managers to handle three mandates for three Swiss public pension fund clients reports AIN sister publication Global Money Management.

  • Threadneedle Seeks Strategy Pro

    September 15, 2006

    London-based Threadneedle Investments is seeking to hire an investment specialist.

  • Turns Up Heat On REIT

    September 15, 2006

    Bulldog Investors, the activist firm run by well-known manager Phil Goldstein, is turning up the heat on a real estate investment trust.

  • U.S. Alts Managers May Stand To Benefit Most From Rising Yuan

    September 15, 2006

    The Chinese currency has been appreciating in recent weeks--slowly, modestly, and within a controlled range.

  • Completed Searches Table

    September 14, 2006

  • Datazone

    September 14, 2006

    The table below displays some of the top performing long/short funds, according to data provided by Eurekahedge.

  • New Searches Table

    September 14, 2006

  • Potential Searches Table

    September 14, 2006


 

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