Stories

  • "The FBI is always bearish."

    November 17, 2006

    James Chanos, on his rationale for shorting companies that are being investigated.

  • Anchorage Capital To Launch Quant Fund

    November 17, 2006

    Anchorage Capital Group, a hedge fund firm launched three years ago by Goldman Sachs bank debt honchos Kevin Ulrich and Tony Davis, is due to launch a quantitative structured credit fund this month, according to a Goldman cap intro document.

  • Are FoFs The Wrong Access Point For Private Investors?

    November 17, 2006

    A panel of advisors to high-net-worth and family office investors clashed over the benefits of investing in funds of funds.

  • Big Dogs Get Equity In Owens Corning

    November 17, 2006

    A cadre of hedge funds has taken large equity positions totaling about 69% in Owens Corning, which recently emerged from bankruptcy.

  • Cadogan Eyes European, Asian Hedge Funds

    November 17, 2006

    Fortis Investment Management's acquisition of a 70% stake in Cadogan Management has given the fund of funds extra resources to go after hedge funds in Asia and Europe, reports AIN sister publication Money Management Letter.

  • Calif. County May Increase FoF Allocation

    November 17, 2006

    The $1 billion Tulare County (Calif.) Employees Retirement Association will take a closer look at its hedge fund portfolio next summer to see whether it should increase its 5% allocation, reports AIN sister publication Money Management Letter.

  • Chanos Cautions Against 'Value Trap' Longs, Fingers Shorts

    November 17, 2006

    Renowned short seller James Chanos cautioned the long-only crowd against so-called "value traps," which are stocks that appear to be undervalued but that in reality are going nowhere and should be shorted.

  • GSC Rolls Out Multi-Strategy Credit Fund

    November 17, 2006

    Florham Park, N.J.-based GSC Group has launched a multi-strategy credit hedge fund, according to a Goldman Sachs cap intro document.

  • Horseman Launches Emerging Markets Strat

    November 17, 2006

    London's Horseman Capital Management launched its third strategy, a long/short emerging markets fund, on Oct. 1.

  • ICBI's GaimInvest 2006

    November 17, 2006

    ICBI held the GaimInvest 2006 conference last week at the President Wilson Hotel in Geneva. Discussions included a debate about the merits of niche versus multi-strategy funds, as well as the benefits of funds of funds for private investors.

  • Investors Question FoF Response To Amaranth

    November 17, 2006

    Investors criticised some funds of funds' handling of the recent debacle surrounding Amaranth Advisors--the giant 'multi-strategy' hedge fund which lost big in natural gas bets.

  • IPM Eyes L/S Index Fund

    November 17, 2006

    Stockholm-based Informed Portfolio Management is considering developing a long/short fundamental indexation fund. The firm is rolling out a series of long-only offerings in this space, linked to fundamental indices.

  • Living On The Hedge...

    November 17, 2006

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

  • Lockheed Martin May Quadruple Alts Allocation

    November 17, 2006

    Lockheed Martin Investment Management Co., which oversees the aerospace and tech concern's $25 billion defined benefit pension plan, could increase its alternatives allocation fourfold, to 25% from 6%.

  • MD Sass Makes Hires, Continues Expansion

    November 17, 2006

    MD Sass, the $8 billion colossus run by Martin Sass, has made additional hires as part of its overall expansion.

  • MFA Showers Cap Markets Subcommittee

    November 17, 2006

    The Managed Funds Association's political action committee gave $76,000 to Congressional candidates this month's election, placing a heavy emphasis on members of the House Financial Services Committee.

  • Mindich Takes Bristol-Myers Squibb Position

    November 17, 2006

    Eton Park Capital Management, the giant hedge fund firm run by Eric Mindich, has taken a position in Bristol-Myers Squibb (BMY).

  • Nabi Happily Buries The Hatchet With Loeb

    November 17, 2006

    Nabi Biopharmaceuticals is content to have settled its dispute with Third Point, the activist hedge fund firm run by outspoken manager Daniel Loeb.

  • Networking Rules In Geneva

    November 17, 2006

    The hedge fund industry last week descended once again on the President Wilson Hotel in Geneva for the annual GaimInvest conference.

  • Niche Strategies Gain Traction

    November 17, 2006

    Much of the debate at GaimInvest concerned the value of niche versus multi-strategy funds, and many investors came out favouring niche offerings.

  • Parex Pushes Into Private Equity

    November 17, 2006

    Parex Asset Management, the €1.1 billion fund management arm of Latvian banking firm Parex Group, is making its first foray into private equity.

  • Seen & Heard

    November 17, 2006

    Peter Gerlings of New England Pension Consulting said that the more frequently a pension fund's trustee board meets, the worse its investment decisions are.

  • Steel Increases Armored Car Bet

    November 17, 2006

    Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, has increased its position in The Brink's Company.

  • Vega Funds Rebound In October

    November 17, 2006

    All but one of Vega Asset Management's beleaguered hedge funds posted positive returns last month, but in most cases still remain deep in negative territory for the year.

  • Westchester Startup Seeks Seed Capital

    November 17, 2006

    Jordan Asset Management, a White Plains, N.Y., hedge fund firm, is seeking seed capital as it prepares to open its long/short fund to outside investors.

  • Completed Searches Table

    November 16, 2006

  • MatlinPatterson Preps Hedge Fund

    November 16, 2006

    New York private equity firm MatlinPatterson Asset Management is preparing its first hedge fund, a global distressed offering that will dovetail off its existing strategy.

  • Multi-Strategy Hedge Funds

    November 16, 2006

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

  • New Searches Table

    November 16, 2006

  • Potential Searches Table

    November 16, 2006


 

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