Stories

  • "We avoid investing in hedge funds that are unwilling to provide us with answers to our risk questions on a timely basis."

    October 27, 2006

    Gottex Fund Management, in a letter to investors, explaining its reasons for not investing in doomed hedge fund firm Amaranth Advisors.

  • Aladdin To Launch $100M+ Securitization Hedge Fund

    October 27, 2006

    Aladdin Capital Management is marketing its first securitization fund, the Aladdin New Alternatives Fund, reports AIN sister publication Securitization News.

  • Citadel Seeks Quant Researcher

    October 27, 2006

    Citadel Investment Group, the gargantuan Chicago shop run by Ken Griffin, is seeking to hire a senior quantitative researcher.

  • Completed Searches Table

    October 27, 2006

  • Dubai Private Equity Firm Expects To Triple AuM

    October 27, 2006

    Ithmar Capital, a Dubai-based private equity firm, is planning to triple its assets under management when it launches its third fund--which it expects to grow to a sizable $1 billion--at the beginning of the year, reports AIN sister publication Global Money Management.

  • Enron Vet Readies Fund At Sector

    October 27, 2006

    Oslo-based Sector Asset Management is rolling out a power fund managed by Thor Lien, former head of Enron's Nordic unit.

  • Enthusiasm For Alts Continues

    October 27, 2006

    A third of the endowments that have already participated in the 2007 Commonfund Benchmarks Study of Educational Endowments plan to increase their exposures to alternatives and about a quarter intend to cut allocations to domestic equities.

  • GLG Fund Benefits From Gypsum Maker

    October 27, 2006

    GLG Partners' GLG North American Opportunity Fund returned 20 basis points in August partly due to a long position in USG Corporation.

  • Global Macro Hedge Funds

    October 27, 2006

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

  • Goldman Mining Pro Rolls Out $900M Hybrid Fund

    October 27, 2006

    Goldman Sachs' former head of metals and mining, Joseph Belan, has co-founded Zug, Switzerland-based Pala Investments, which launched a $900 million fund focused on natural resources.

  • Gottex Side-Stepped Amaranth Prior To Blow-Up

    October 27, 2006

    Gottex Fund Management, the Swiss fund of hedge funds giant, conducted due diligence on Amaranth Advisors in 2004, but decided not to invest because of concerns about fees, liquidity and transparency.

  • Homm's Firm Moves Into Eastern Europe

    October 27, 2006

    Well-known manager Florian Homm's Palma de Mallorca, Spain-based hedge fund firm, Absolute Capital Management, will open an office in Warsaw on Nov. 1 as it seeks to expand its coverage of Central and Eastern Europe.

  • HSBC Arm Taps BGI Commodities Pro

    October 27, 2006

    Halbis, an investment management arm of HSBC, has hired a portfolio manager from Barclays Global Investors to co-manage its new commodities fund.

  • Hunt Family Affiliate Taps FoF Marketer

    October 27, 2006

    Dallas-based Hunt Financial Ventures, the investment arm for the family office of Lamar Hunt, has hired Charles Halsey as senior v.p.

  • Idaho Endowment Continues Flirtation With Alternatives

    October 27, 2006

    The Idaho Endowment Investment Board is likely to review the asset allocation of its $950 million investment portfolio in the next few months and may consider investing in commodities, private equity, hedge funds and collateralized debt obligations, reports AIN sister publication Foundation & Endowment Money Management.

  • Lichtenstein Bails From Water Co. Board

    October 27, 2006

    Warren Lichtenstein, the head honcho of activist firm Steel Partners, has stepped down from the board of Layne Christensen, a water company based in Mission Woods, Kan.

  • London FX Firm Plans Pooled Fund

    October 27, 2006

    Currency Insight, a London-based foreign exchange firm with $103 million under management, will offer its strategy as a pooled fund following requests from some of its U.S. investors.

  • Martin Dumps Marvell Over Options Back-Dating

    October 27, 2006

    Chuck Martin's Mont Pelerin Capital has sold its holdings in a company hit by the options back-dating scandal, after this position contributed to the fund's largest loss in four years.

  • Merrill Group Hires Regional Alts Specialist

    October 27, 2006

    Merrill Lynch's hedge fund development and management group has hired Bruce McGuire as the alternative investment specialist for New England and New York state.

  • Morley Preps U.K. L/S Equity Fund

    October 27, 2006

    Morley Fund Management is preparing to launch a U.K.-focused hedge fund.

  • Mulvaney Eyes Expansion

    October 27, 2006

    London-based Mulvaney Capital Management has plans to grow its team.

  • New Searches Table

    October 27, 2006

  • Pirate Increases PW Eagle Position

    October 27, 2006

    Pirate Capital, the activist hedge fund firm run by Thomas Hudson, has increased its position in PW Eagle.

  • Potential Searches Table

    October 27, 2006

  • SEC Anti-Fraud Rule Will Apply To Unregistered Managers

    October 27, 2006

    Robert Plaze, associate director of the Securities and Exchange Commission's Division of Investment Management, told AIN sister publication Compliance Reporter that a planned antifraud rule will apply to both registered and unregistered hedge fund managers.

  • Standard Life Seeks Private Equity Analyst

    October 27, 2006

    The private equity division of Standard Life Investments, with around €4.5 billion under management, will hire an additional analyst.

  • Stenham Gold Fund Stumbles

    October 27, 2006

    London-based wealth management firm Stenham Asset Management's gold fund of funds returned -5.36% in September, as the price of the precious metal fell by around 4%, to $598.30 per ounce.

  • Thames River Nabs Financials Portfolio Manager

    October 27, 2006

    Thames River Capital has hired Nicolas Ziegelasch as a financial sector fund manager within its European equity team. Tony Zucker, head of European equities, said this is a new position, bringing the team's headcount to nine.

  • Third-Party Marketing Firm Closes

    October 27, 2006

    Langschiff Partners, a third-party marketing firm that represented mostly niche managers, has closed up shop.

  • Top Dogs To Help Bankrupt Foamex

    October 27, 2006

    A cadre of large hedge funds with stakes in Foamex International have teamed up to help the foam producing company emerge from bankruptcy.

  • Two Blum Partners Depart

    October 27, 2006

    Jose Medeiros and Jeffrey Cozad, two partners at Richard Blum's private equity firm Blum Capital Partners, have departed the firm.

  • Wyser-Pratte Snags Goldman Analyst

    October 27, 2006

    New York's Wyser-Pratte & Co., the investment firm run by activist legend Guy Wyser-Pratte, has hired a senior analyst, Dae Ha, from Goldman Sachs' private equity group.


 

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