Stories

  • DKR Readies Behavioral Finance Fund

    October 18, 2006

    $3.7 billion DKR Capital will launch a quant strategy based on a behavioral finance approach.

  • "From our viewpoint we feel that no amount of oversight or technology can assure you that a firm won't go belly up and therefore you have to protect yourself against that eventuality."

    October 13, 2006

    International Paper CIO Bob Hunkeler, discussing the impetus for his pension's new diversification strategy vis-à-vis hedge funds.

  • Completed Searches Table

    October 13, 2006

  • Cupps Capital Slips With Biosensor Play

    October 13, 2006

    Chicago-based Cupps Capital Management's Endeavor Fund returned -10 basis points in August partly due to its investment in NeuroMetrix.

  • Dalton Renames Far East Offering

    October 13, 2006

    London-based Dalton Strategic Partnership, which manages $3.5 billion in hedge funds and long-only offerings, has renamed one of its Far East funds.

  • Data Zone

    October 13, 2006

    The table below displays some of last month's top performing long/short managers, according to data provided by Eurekahedge.

  • Ex-Ontario Teachers PM Launches Strat

    October 13, 2006

    Richard Whelan, a former portfolio manager at the CAD96 billion Ontario Teachers Pension Plan, has launched his own multi-strategy hedge fund firm.

  • Ferro's New Zurich Office Seeks Hires

    October 13, 2006

    Ferro Capital, the $1.7 billion New York-based fund of hedge funds firm, is seeking to make a pair of hires for its new office in Zurich.

  • Fixed-Income Fund Touts Year-One Numbers

    October 13, 2006

    Highland Capital Management proudly showed off the recently-completed first year performance figures for its Highland Credit Strategies Master Fund in a letter to investors.

  • Galleon Hires Vega Marketer

    October 13, 2006

    Michael Tobin, longtime marketer for Vega Asset Management, has joined The Galleon Group as managing director of business development.

  • Houston MBS Fund Turns Corner

    October 13, 2006

    Houston-based Parallax Investments has turned the corner with its Parallax Capital Partners fund.

  • HSBC Plans LatAm Private Equity FoF

    October 13, 2006

    HSBC Republic Investments is planning to launch what is believed to be the first-ever fund of funds focused on Latin American private equity.

  • HSBC Reverses Planned Arb. Fund Closure

    October 13, 2006

    HSBC Republic Investments has ditched plans to close its arbitrage-focused fund of hedge funds at $300 million, following the quashing of the Securities and Exchange Commission's registration rule.

  • Institutions Disappointed By FoFs

    October 13, 2006

    Fund of hedge funds investments have disappointed international institutional investors through their low returns and high fees, reports AIN sister publication Global Money Management.

  • International Paper Adopts Hedge Fund Diversification Strategy

    October 13, 2006

    International Paper Co.'s $6.9 billion pension fund, which is planning to double its $350 million hedge fund stake, has adopted a new policy to ensure it achieves sufficient manager diversification, according to AIN sister publication Money Management Letter.

  • J O Hambro Plans Offshore Asia Fund

    October 13, 2006

    London-based asset management giant J O Hambro Investment Management will roll out an offshore version of its long/short Asia fund, probably before the end of the year.

  • Key Preps Special Situations Fund

    October 13, 2006

    London-based Key Asset Management will launch its third single-manager hedge fund on Nov. 1.

  • Local Regulator Cautions Prime Brokers On Risk

    October 13, 2006

    The Hong Kong Securities and Futures Commission's executive director, Alexa Lam, has warned prime brokers to put in place and implement rigorous risk management measures to guard against the risks posed by hedge funds, according to AIN sister publication Compliance Reporter.

  • Loeb, Nabi Fail At Peace Attempt

    October 13, 2006

    Third Point, the activist hedge fund run by outspoken manager Daniel Loeb, and its latest attack target, Nabi Biopharmaceuticals, have failed to reach a peace deal to stave off a proxy fight.

  • London Firm Plans Second Pre-IPO Fund

    October 13, 2006

    London-based Pre-X Capital Management plans to launch its second fund investing in pre-IPO companies.

  • MD Sass Makes Marketing Push

    October 13, 2006

    MD Sass, the $8 billion colossus run by Martin Sass, is making a marketing push for its original distressed debt fund, which has just $100 million despite being launched in 1989.

  • Miami FoF Taps Marketer For Offshore Push

    October 13, 2006

    Crystal Advisors, an $800 million Miami-based fund of funds firm, has hired Ken Smythe to lead its offshore asset-gathering effort.

  • Montana Eyes Alternatives Increase

    October 13, 2006

    The $108 million University of Montana Foundation was due to discuss broadening its alternatives program as AIN went to press.

  • New Searches Table

    October 13, 2006

  • Odey Rolls Out Macro Fund

    October 13, 2006

    Odey Asset Management, the $4.1 billion London-based firm led by well-known manager Crispin Odey, launched its fourth hedge fund, a global macro offering, on Oct. 2.

  • Pantheon Seeks Secondaries Pro

    October 13, 2006

    Pantheon Ventures, the London-based private equity fund of funds arm of Russell Investment Group, is seeking to make a new investment hire for its global secondaries business.

  • Potential Searches Table

    October 13, 2006

  • Scotia Gets Securities Lending Pro

    October 13, 2006

    Toronto-based Scotia Capital has hired June Anne Reid as a securities lending trader in its prime brokerage business.

  • Steel Cuts Cherokee Position

    October 13, 2006

    Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, has sharply reduced its position in power supply concern Cherokee International.

  • Swiss Start-Up Preps Event-Driven Fund

    October 13, 2006

    Zug, Switzerland-based GoldenPeaks Capital is preparing to launch an event-driven activist fund, either later this month or in November.

  • Toronto Start-Up Rolls Out L/S Fund

    October 13, 2006

    Toronto-based start-up firm T.I.P. Wealth Manager launched a North American long/short equity fund on Oct. 2.

  • Global Macro Funds Stumble

    October 12, 2006

    With multi-strategy hedge funds understandably attracting a lot of interest in the wake of the Amaranth Advisors meltdown, global macro hedge funds quietly had a hard time of it last month as well.


 

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