Stories

  • Investcorp To Seed WMG Launches

    January 25, 2007

    Investcorp Asset Management will seed WMG Limited's soon-to-launch Asia long/short fund with proprietary capital in what is intended to be the first in a series of fund launches on which the two firms will collaborate.

  • Bloom Lands At Silver Creek

    January 23, 2007

    Silver Creek Capital Management has hired Steven Bloom, founder of the once high flying Sagamore Hill Capital Management.

  • Caxton Seeks Control of Projector Company

    January 22, 2007

    Bruce Kovner's firm, which owns over 11% of Wilsonville, Ore.-based InFocus Corporation, is planning a special shareholder meeting where it will seek to remove a majority of the company's directors.

  • BlackRock CIO Doll Anticipates Fed Rate Cut By Mid-Year

    January 19, 2007

    Robert Doll, vice chairman and chief investment officer at BlackRock, believes the U.S. Federal Reserve will begin cutting interest rates around mid-year as a result of the slowing housing market and easing of inflation pressure.

  • BoJ Rate Direction Holds Center Stage

    January 19, 2007

    Ahead of the Bank of Japan's statement Thursday on whether it would raise interest rates, the market was abuzz with options trading.

  • Calif. Firm Mulls Short REIT Fund

    January 19, 2007

    Ten Asset Management, an Encinitas, Calif., investment management firm, is researching whether to launch a market neutral or short-biased real estate investment trust strategy by the end of the first quarter.

  • Commonfund: Endowments' Hedge Fund Exposure Flat

    January 19, 2007

    Large U.S. endowments, which are well known for pouring their dollars into hedge funds, decided last year to hold steady with their hedge fund exposures.

  • FRM Eyes Hedge Fund Seeding Biz

    January 19, 2007

    FRM Eyes Hedge Fund Seeding Biz Financial Risk Management, the $12 billion London-based fund of funds, is mulling a new business that will take part-ownership of new hedge fund firms in exchange for seed capital.

  • GLG Japan Fund Continues Downward Slide

    January 19, 2007

    GLG Partners' long/short Japan hedge fund lost 2.33% in December, ending a tough year during which the GLG Japanese Long/Short Fund returned -12.18%.

  • Harcourt Targets Middle East

    January 19, 2007

    Harcourt Investment Consulting, the Zurich-based fund of hedge funds giant with $4.5 billion under management, is making its first big push for assets from Middle Eastern investors.

  • Ilex Eyes Third Fund Launch

    January 19, 2007

    Ilex Eyes Third Fund Launch London-based Ilex Asset Management is planning to launch its third fund later in the year.

  • Jana, Fir Tree Plow Into Blank Check Co.

    January 19, 2007

    Hedge fund firms JANA Partners and Fir Tree have made investments in Transforma Acquisition Group, a blank check company that had an initial public offering on Dec. 26.

  • John Henry Prez Departs

    January 19, 2007

    Mark Rzepczynski has stepped down as president and cio of John W. Henry & Company, the managed futures firm run by the Boston Red Sox owner.

  • Living On The Hedge...

    January 19, 2007

    Recent turbulence in commodities and currency markets has forced me to revisit some earlier statements.

  • London Firm Seeks Marketer

    January 19, 2007

    London-based Option Strategist Asset Management is seeking help marketing its hedge fund.

  • Long/Short Hedge Funds

    January 19, 2007

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

  • Mandate Scoreboard

    January 19, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Jan. 17.

  • Mangan & McColl Analyst Launches Event-Driven Fund

    January 19, 2007

    Chris DeMuth, who spent four years as an event-driven fund analyst at Charlotte, N.C., hedge fund firm Mangan & McColl Partners, has launched a startup hedge fund firm of his own.

  • Metacapital Taps Alliance Vet To Market Fund

    January 19, 2007

    New York's Metacapital Management, a mortgage-backed securities hedge fund firm, has hired Jeanne Goetz to oversee its marketing efforts.

  • N.Y. Debt Fund Cuts Fees

    January 19, 2007

    Golub Capital recently cut the management fee in its fourth debt investment fund after it finished raising its fifth.

  • Owl Creek Faces Northwest Setback

    January 19, 2007

    Owl Creek Asset Management, the New York hedge fund run by Jeff Altman, was dealt another setback with its position in Northwest Airlines, when the bankrupt company recently filed a reorganization plan that will cancel its shares.

  • Paris Firm Lines Up Analyst

    January 19, 2007

    BDL Capital Management, which launched one of the first onshore hedge funds in France, has lined up an additional analyst and has plans to further bolster its research team.

  • Pearson Spreads Widen On LBO Speculation

    January 19, 2007

    Credit-default swap spreads on British media group Pearson blew out last week after reports Wednesday it was being targeted for a leveraged buyout.

  • Philly Mid-Market Shop Seeks To Add Staffers

    January 19, 2007

    Lovell Minnick Partners is on the prowl for investment professionals as it lays the groundwork for raising its third fund.

  • Phoenix Set For Asset Push

    January 19, 2007

    New York-based Phoenix Investment Adviser, which manages roughly $90 million, is aiming for the $200 million threshold this year.

  • Pirate Increases PW Eagle Stake While Caxton Sells

    January 19, 2007

    Pirate Capital, the activist hedge fund firm run by Tom Hudson, has been increasing its stake in PW Eagle at the same time as Caxton Associates has been selling.

  • Steel Slashes Water Co. Stake

    January 19, 2007

    Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, has slashed its stake in Layne Christensen by nearly 50%.

  • Swiss Firm Eyes L/S Commodity Futures Fund

    January 19, 2007

    Tiberius Group, a Zug, Switzerland-based commodities house with roughly $1 billion under management, will launch a long/short commodity futures fund this spring.

  • Threadneedle Rolls Out L/S European Small-Cap Fund

    January 19, 2007

    London-based asset management giant Threadneedle Investments rolled out a long/short European small-cap equity fund Jan. 2.

  • U.K. Scheme Seeks Currency Manager

    January 19, 2007

    The £580 million London Borough of Haringey Superannuation Fund is seeking to appoint its first currency overlay managers for £150-200 million.

  • "Any limited partner of a debt fund or shareholder of an externally managed [business development company] that's paying more than a 1.25% of assets management fee should call their GP and ask for a refund."

    January 18, 2007

    --Golub Capital President Lawrence Golub, after the private debt investment firm cut the management fee in its fourth fund.


 

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