Stories

  • "...dissipating the company's cash reserves on ill-conceived, poorly-executed projects and bloated overhead with all the discipline of a drunken sailor on a night's leave in Bangkok is unacceptable."

    September 29, 2006

    Daniel Loeb, founder of activist firm Third Point, slamming Nabi Pharmaceuticals' spending habits after being refused access to the company's books and records.

  • Arsago Shelves Plans For More Funds

    September 29, 2006

    Arsago Alternative Capital Management, the $1 billion Frankfurt-based hedge fund firm, has shelved plans to launch a long/short fixed income fund.

  • Asset Alliance Eyes Structured Products

    September 29, 2006

    Asset Alliance International, the London-based subsidiary of the New York fund of hedge funds firm, will provide access to its Eastern European fund via structured products.

  • Dallas Firm Taps Analyst

    September 29, 2006

    Braeside Investments, a Dallas-based hedge fund firm that focuses on small- and micro-cap stocks, has hired Analyst Young Cho from David W. Tice & Associates, said Todd Stein, co-founder.

  • Danish Firm Moves Into White Labelling

    September 29, 2006

    Scandium Asset Management, a Copenhagen-based fund of hedge funds firm, is making its first move into 'white labelling'--whereby the firm will create funds for clients to distribute under their own branding.

  • Ex-Glenview Partner Rolls Out L/S Play

    September 29, 2006

    Caryn Seidman-Becker, a former partner at Glenview Capital Management, has launched a long/short strategy at Arience Capital Management, the firm she founded in 2002.

  • Glazer Wins With Jameson Inns Bet

    September 29, 2006

    New York-based merger arbitrage manager Glazer Capital's fund returned 28 basis points in July, partly due to a successful play on Jameson Inns.

  • Goldman Pros Launch Euro Credit Fund

    September 29, 2006

    Two former Goldman Sachs structured credit pros have teamed up with a fund of hedge funds veteran to set up London-based Cinnamon Capital Management.

  • Hedge Funds Well Represented in Forbes Rankings

    September 29, 2006

    Hedge fund managers made much-improved showings in Forbes magazine's list of the 400 richest Americans this year, with Carl Icahn's estimated $9.7 billion net worth leading the way once more.

  • Liberation Seeks Control of Slot Machine Co.

    September 29, 2006

    Liberation Investment Group, the New York activist hedge fund firm run by Emmanuel Pearlman, is soliciting proxy votes to call a special meeting of shareholders for Multimedia Games, which makes electronic games for casinos.

  • Living On The Hedge...

    September 29, 2006

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

  • Loeb Continues Nabi Barrage

    September 29, 2006

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

  • London Firm Rolls Out Shipping Fund

    September 29, 2006

    London-based M2M Management has launched what is believed to be the first shipping hedge fund to charter vessels and invest in forward freight agreements.

  • MFA Seeks Role In Hedge Fund Study

    September 29, 2006

    The Managed Funds Association is seeking a role in the hedge fund industry survey to be conducted by the President's Working Group on Financial Markets (PWG).

  • Miami FoF Taps Investor Relations Head

    September 29, 2006

    Crystal Advisors, a Miami-based fund of hedge funds firm, has hired Gregory Teitel as its director of investor relations, a new position.

  • New Thames Fund Flat In August

    September 29, 2006

    Thames River Capital's newest hedge fund, the three-month-old Thames River Tybourne Fund, was flat in August.

  • Pentium Readies Fund Of Closed Managers

    September 29, 2006

    Pentium Fund, the $500 million Swiss hedge fund firm, will launch a fund of funds offering access to 'closed' hedge funds.

  • Trafigura Sub Gets Analysts

    September 29, 2006

    Galena Asset Management, the alternatives subsidiary of commodities trading giant Trafigura Group, has recruited two analysts from its parent to focus on its fledgling special situations fund.

  • Completed Searches Table

    September 28, 2006

  • Dalton Readies Pan Euro Fund

    September 28, 2006

    London-based Dalton Strategic Partnership, which manages $3.5 billion, is slated to roll out a pan European long/short equity fund.

  • Data Zone

    September 28, 2006

    This week, we revisit global macro hedge funds.

  • Gottex Closes ABL FoF

    September 28, 2006

    Gottex Fund Management, the Swiss fund of hedge funds firm with approximately $6.5 billion under management, has closed its asset-based lending fund.

  • Minnesota School To Boost Alts

    September 28, 2006

    The University of St. Thomas has changed consultants and will increase its alternatives and international equity allocations, according to AIN sister publication Foundation & Endowment Money Management.

  • NBC's Insana To Launch FoF

    September 28, 2006

    Ron Insana, former host of CNBC's popular Street Signs program, has formed Insana Capital Partners and is preparing to launch a fund of hedge funds.

  • Potential Searches Table

    September 28, 2006

  • SEC Reviews Analysts' Relationships With Hedge Fund Managers

    September 28, 2006

    The Securities and Exchange Commission is looking into brokerage analysts' relationships with hedge fund managers.


 

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