Stories

  • "I'm not too big of a pedigree guy, meaning someone who went to Harvard or MIT."

    January 12, 2007

    --Jason Hart, director of marketable investments at Case Western Reserve University, discussing some of the criteria for the hedge fund managers it is seeking to invest in.

  • California School To Make Maiden Alts Allocation

    January 12, 2007

    The San Francisco State University Foundation approved a maiden allocation to alternatives at a Dec. 13 board meeting.

  • Case Western Seeks European Hedge Fund

    January 12, 2007

    Case Western Reserve University is seeking a European hedge fund for diversification. Its $1.65 billion endowment has some exposure to international securities within its hedge fund portfolio, but this is managed by U.S.-based firms.

  • Caxton Turns Up Heat On Projector Co.

    January 12, 2007

    Hedge fund giant Caxton Associates is upset with the board of InFocus Corporation and is considering a proxy challenge.

  • Citadel Blasts CBOE's New Hybrid Fees

    January 12, 2007

    Ken Griffin's $12 billion hedge fund firm Citadel Investment Group, has blasted the Chicago Board Options Exchange's new electronic quoting fee in a recent comment letter, calling it "too blunt an instrument" to achieve efficient quoting.

  • Conn. Shop Gambles On Waffles

    January 12, 2007

    Catterton Partners, a private equity firm with more than $2 billion under management, wants to get Van's Waffles into more stores to maximize the company's revenues.

  • Credit Mavens Start Firm, Plot Strategies

    January 12, 2007

    Neal Neilinger, former global head of corporate debt syndication for Dresdner Kleinwort, and Robert Smith, who was president of collateralized debt obligation manager NIBC Credit Management, have formed NSM Capital Management.

  • D.C. Shop Eyes Pizza Chain Expansion

    January 12, 2007

    ACON Investments is scoping an expansion into Latin America for Peter Piper, the dine-in pizza chain it acquired recently.

  • Drake Establishes Tokyo Office

    January 12, 2007

    Drake Management, the $6 billion-plus global macro fixed-income firm based in New York, opened a Tokyo office Jan. 1.

  • Empire State CTA Kicks Off Strategy

    January 12, 2007

    Hewlett, N.Y., commodity trading advisor UBO Inc. has rolled out a new program after spending the last two years as a subscription service.

  • Experience Helps N.Y. Buyout Land Deal

    January 12, 2007

    Lincolnshire Management's experience in the trucking industry was crucial in its latest acquisition, Dawn Trucking.

  • German Managed Futures Firm Launches Note

    January 12, 2007

    Nauerz & Noell, a €50 million Frankfurt-based hedge fund firm, has this month launched a capital-protected note linked to its managed futures strategy.

  • Head of Research Leaves Ivy

    January 12, 2007

    Robert Meschi, head of research at Ivy Asset Management, left the firm last week to pursue other opportunities, he said, declining to elaborate.

  • Iceland's Largest Pension Fund Branches Into Alts

    January 12, 2007

    Lífeyrissjóður Starfsmanna Ríkisins, the approximately $4.1 billion Icelandic pension fund for state employees, is planning to hire managers as it allocates 10% of its assets to alternatives over the next three to five years.

  • Ilex Seeks Loan Pro, Senior Analyst

    January 12, 2007

    London-based credit hedge fund firm Ilex Asset Management will make two new hires in the next few months.

  • Julius Baer Mulls Hedge Fund Replication

    January 12, 2007

    Bank Julius Baer is considering structuring a series of algorithms that will aim to mimic the performance of certain hedge fund strategies.

  • KGR Eyes More Funds

    January 12, 2007

    KGR Capital, the Hong Kong- and London-based fund of funds firm, has plans to launch more funds this year.

  • Living On The Hedge...

    January 12, 2007

  • Loeb Trims AEP Stake

    January 12, 2007

    Third Point, the activist hedge fund firm run by Daniel Loeb, has started the New Year by trimming its exposure to AEP Industries.

  • Mandate Scoreboard

    January 12, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Jan. 10

  • Martin Currie Plans Hires

    January 12, 2007

    Martin Currie Investment Management, the Edinburgh-based asset manager, is seeking to fill seven new fund management and research positions.

  • Mass. Fund To Invest In Hedge Funds

    January 12, 2007

    The $660 million Plymouth (Mass.) Retirement System has put in a request to the Public Employees Retirement Administration Commission (PERAC) for permission to invest in hedge funds. PERAC permits public funds in Massachusetts that have more than $250 million in assets to invest up to 7.5% in hedge funds of funds, but they have to obtain approval before going ahead.

  • MatlinPatterson To Open Brazil Office

    January 12, 2007

    New York's MatlinPatterson Asset Management is set to open an office in Sao Paolo, Brazil, its first new outpost in nearly a decade.

  • Merger-Arb, China Strats Expected To Book Dramatic Growth

    January 12, 2007

    This year's largest-growing hedge fund strategies will be merger arbitrage and China-specific, according to a Deutsche Bank prime brokerage survey that polled hedge fund investors on their plans for portfolio re-balancing.

  • Multi-Strategy Hedge Funds

    January 12, 2007

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

  • N.Y. Shop Sees Future In Garbage Energy

    January 12, 2007

    Blue Wolf Capital Management is hoping to capitalize on a fragmented market in the landfill gas-to-energy industry with its recent acquisition of Montauk Energy Capital, based in Pittsburgh, Pa.

  • Pentium Prepares To Close Flagship Fund

    January 12, 2007

    Swiss firm Pentium Fund is gearing up to close its flagship fund of funds.

  • SAC Hires Portfolio Manager

    January 12, 2007

    Steven Cohen's $12 billion hedge fund firm SAC Capital Management has hired Gabriel Plotkin as a portfolio manager covering consumer products.

  • San Bernardino Taps Sterling Stamos For Hedge Fund Allocation

    January 12, 2007

    The $5.7 billion San Bernardino County (Calif.) Employees Retirement Association selected Sterling Stamos for a $15 million fund of credit hedge funds mandate.

  • SocGen Opens Proprietary FoF To Outsiders

    January 12, 2007

    Société Générale has opened a large proprietary fund of hedge funds to outside investors and plans to grow it to around $2 billion.

  • Stenham Delays Soft Commodities Push, Seeks Managers

    January 12, 2007

    Stenham Advisors, the London-based fund of funds and wealth management firm, has delayed opening its soft commodities fund to clients as it seeks more underlying managers to invest in.

  • Trustee Denies Owl Creek Northwest Committee Bid

    January 12, 2007

    Owl Creek Asset Management, the New York hedge fund run by Jeff Altman, had its request for a Northwest Airlines shareholders' committee shot down by the bankruptcy trustee.


 

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