Stories

  • Key Preps Special Situations Fund

    October 12, 2006

    London's Key Asset Management is preparing to launch just its third single-manager hedge fund.

  • "The manager stepped out of bounds...how anyone could call that good risk management is beyond me."

    October 06, 2006

    David Hoeff, v.p. of finance for the Northwest Health Foundation, which was exposed to Amaranth Advisors through a fund of funds run by Pine Grove Associates.

  • Aguirre Blasts SEC After Pequot Non-Action

    October 06, 2006

    Former Securities and Exchange Commission lawyer Gary Aguirre thinks the SEC is letting Pequot Capital Management slide.

  • Amsterdam Energy Venture Rolls Out $300M Effort

    October 06, 2006

    Energy Capital Management is raising €300 million ($381 million) for a fund, which will have both European and U.S. investors.

  • Anglian Fund Defies Commodities Trend

    October 06, 2006

    The Anglian Commodities Fund, which was originally seeded by Vega Asset Management, sent a letter assuring investors it has not been affected by the recent brouhaha in the commodities markets.

  • Drake Snags Ex-PIMCO Honcho

    October 06, 2006

    Drake Management, which manages roughly $5 billion, has hired former PIMCO honcho David Hinman as global head of credit.

  • Eden Rock Ups Arbitrage Exposure

    October 06, 2006

    London-based fund of funds firm Eden Rock Capital Management is making changes to the portfolio of its Solid Rock Fund to reflect its performance expectations for various hedge fund strategies.

  • Former Putnam Exec Rolls Out Multi-Strat Fund

    October 06, 2006

    Steve Oristaglio, formerly head of investments at Putnam Investments, has started TriPoint Asset Management.

  • Gargour's Strategy Takes Shape

    October 06, 2006

    LNG Capital, the London-based multi-strategy hedge fund firm founded by RAB Capital veteran Louis Gargour, has shed additional light on its investment strategy.

  • Highfields To Retain Equity In Michaels Stores

    October 06, 2006

    Highfields Capital Management will continue to have an equity stake in Michaels Stores after the company is purchased by private equity firms.

  • Indiana Teachers To Boost Alts

    October 06, 2006

    The $4.8 billion Indiana State Teachers Retirement System has increased its target allocation to alternatives following an asset study and intends to start seeking additional managers before year-end, according to AIN sister publication Money Management Letter.

  • Jyske Rolls Out L/S Fund

    October 06, 2006

    Danish asset management firm Jyske Invest launched a global long/short equity market-neutral hedge fund on Sept. 4.

  • Living On The Hedge...

    October 06, 2006

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

  • London Firm Holds Off On FX Fund

    October 06, 2006

    London-based Sturgeon Ventures has delayed plans to roll out a foreign exchange fund. It was expected to launch this month (iialternatives.com, 8/3).

  • Nabi To Loeb: Show Us The Names

    October 06, 2006

    Nabi Biopharmaceuticals, one of the latest targets of Daniel Loeb's Third Point, is swinging back at assertions that it is rebuffing would-be suitors.

  • Pine Grove Clients Exercise Patience

    October 06, 2006

    Pine Grove Associates' $43 million investment in Amaranth Advisors through its Pine Grove Offshore Fund hasn't prompted its foundation and endowment clients to pull the trigger on the fund of funds manager.

  • Pirate Trims Stake In Water Co.

    October 06, 2006

    Pirate Capital, the activist hedge fund firm run by Thomas Hudson, has trimmed its stake in Walter Industries.

  • Q&A: Canada's Hedge Fund Market

    October 06, 2006

    Though still a relatively small market compared to the U.S., the hedge fund industry in Canada is growing steadily as investors seek to benefit from the country's strong energy and commodities markets.

  • Ralph Lambiase, director, Securities Division, Connecticut Banking Department

    October 06, 2006

    Lambiase joined the department in 1977 and was named division director in 1987.

  • Scandium Seeks COO

    October 06, 2006

    Copenhagen fund of funds firm Scandium Asset Management will hire a chief operating officer in the coming months.

  • Short Book Crimps Stadia's August Returns

    October 06, 2006

    Stadia Capital's Stadia Core Fund, the firm's flagship long/short strategy, returned -0.3% in August due to the fund's short exposure.

  • Space Hedge Fund Takes Hit In August

    October 06, 2006

    The space and aeronautics-focused hedge fund managed by Toronto firm Albireo Asset Management returned -4.55% in August, in part because of bad bets on a NASA contract.

  • The Long & Short Of It

    October 06, 2006

    Going Long: Eton Park Capital Management. A contrarian call, as Eric Mindich and his gang have received a flogging from the mainstream press this past week.

  • Top Conn. Regulator Passes Buck To Congress

    October 06, 2006

    Ralph Lambiase, the top securities regulator in Connecticut, thinks the federal government should take a "more active, uniform" role on hedge funds in lieu of states.

  • U.S. Trust Names Alternatives Head

    October 06, 2006

    David Bailin, formerly co-founder of Great Barrington, Mass.-based fund-of-funds firm Martello Investments, has joined U.S. Trust, the $100 billion New York-based wealth management firm, according to AIN sister publication Private Asset Management.

  • UBS Pitches L/S Mutual Fund

    October 06, 2006

    UBS Global Asset Management has released marketing literature pushing its newly-launched U.S. Equity Alpha Fund--a mutual fund--as an offering which provides higher returns without added risk.

  • Vega Letter Details September Carnage

    October 06, 2006

    Vega Securities President Michael Mann penned a letter to the firm's hedge fund investors last Thursday explaining its recent poor performance and assuring "that the Vega organization remains strong and stable."

  • Completed Searches Table

    October 05, 2006

  • Datazone

    October 05, 2006

    This week, we look at arbitrage hedge funds.

  • New Searches Table

    October 05, 2006

  • Potential Searches Table

    October 05, 2006


 

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