Stories

  • Merrill Launches Hedge Fund ‘Talent Management’

    January 30, 2007

    Merrill Lynch has launched a talent management business for hedge funds that will focus on retention, talent placement, compensation and benefit issues, among others.

  • "I don't believe for one minute the U.S. will compromise its efforts on China by going after Japan. So what I think you'll see is European pressure and resistance from the U.S., making a non-starter."

    January 26, 2007

    --Steve Barrow, fx strategist at Bear Stearns in London, on his belief that the G7 will fail to force a more permanent upward correction for the yen.

  • Big Apple Shop Eyes Energy Services

    January 26, 2007

    Blue Wolf Capital Management is eyeing investments in energy services companies because it sees opportunities there with companies that contract with federal, state and local governments.

  • Bulldog Attacks Rural Phone Company

    January 26, 2007

    Bulldog Investors, the activist firm run by Phil Goldstein, is planning a proxy fight with North Pittsburgh Systems, a rural telephone company in western Pennsylvania.

  • CalSTRS Casts Net Wider For Emerging Managers

    January 26, 2007

    Not content with using two managers of managers to access emerging private equity firms, the California State Teachers Retirement System is considering adding an independent advisor to seek additional opportunities.

  • Cannell Cuts Map Co. Stake Anew

    January 26, 2007

    Cannell Capital, the Jackson, Wyo.-based activist firm run by Carlo Cannell, has decreased its position in Mapinfo.

  • Ex-KBC Execs Mull Market-Neutral Opportunities

    January 26, 2007

    Karl Ottevaere and Jan De Spiegeleer, two former KBC Financial Products managing directors, are keeping an eye on market conditions and could launch a new market-neutral hedge fund.

  • Ferro Readies Healthcare FoF

    January 26, 2007

    New York-based fund of hedge funds firm Ferro Capital is gearing up to launch its first single-strategy fund of funds.

  • Flatteners Get Into Longer-Dated Selling

    January 26, 2007

    The credit curve began to flatten last week, as traders sensed the end of the recent steepening trend and started selling longer dated protection.

  • Fortress Execs Set For Big Payday

    January 26, 2007

    The top brass at the $30 billion Fortress Investment Group will become billionaires on paper once the firm completes its initial public offering.

  • Fortune Affiliate Merges Funds

    January 26, 2007

    Argos Investment Managers, a Geneva-based hedge fund firm whose funds are seeded by London-based Fortune Group, is merging its small-cap long/short equity fund into its micro-cap fund.

  • French Regulator Considers Hedge Fund Ratings

    January 26, 2007

    The French securities regulator said that having hedge funds rated by rating agencies is worth consideration.

  • FSU Foundation To Enter PE

    January 26, 2007

    The $403 million Florida State University Foundation is preparing to make a first foray into private equity, for 10% of its total allocation.

  • Garden State Seeks Commodities Managers

    January 26, 2007

    The New Jersey Division of Investments is seeking active commodity managers to fill part of a 4% ($3 billion) allocation to real assets including commodities.

  • Georgia CPO Allegedly Forged Audits, Fibbed On Assets

    January 26, 2007

    The Commodity Futures Trading Commission has filed a complaint against Roswell, Ga., commodity pool operator Renaissance Asset Management and its chief operating officer Anthony Ramunno, Jr., alleging he made false representations to clients and prospective investors.

  • Goldman, Investec Vets Launch Resources Fund

    January 26, 2007

    Martyn Konig, a former Goldman Sachs v.p., and George Rogers, an Investec Bank commodities pro, will on Feb. 1 launch a fund through London-based Blackfish Capital Management.

  • Harcourt To Add Commodities, Asia Analysts

    January 26, 2007

    Harcourt Investment Consulting, the $4.5 billion Zurich-based fund of funds firm, is seeking to hire more analysts.

  • Hong Kong Firm Launches Asia-Pacific Macro Fund

    January 26, 2007

    Hong Kong-based Ballingal Investment Advisors has this month rolled out an Asia-Pacific macro fund.

  • Hong Kong Regulator Expresses Concern On Side Letters

    January 26, 2007

    The Hong Kong Securities and Futures Commission has become the latest regulator to voice concerns over hedge funds' side letter arrangements.

  • ITT Moves Into Commodities, Energy, VC

    January 26, 2007

    ITT Industries has hired managers to make first forays into commodities, private equity and mezzanine investments in the energy sector, and venture capital.

  • Living On The Hedge...

    January 26, 2007

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

  • Mandate Scoreboard

    January 26, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Jan. 25.

  • Matrix Launches Eastern Europe Strategy

    January 26, 2007

    London firm Matrix Alternative Asset Management has launched a long/short East European equity fund, according to a prime brokerage document.

  • Pentium Turns To Luxembourg

    January 26, 2007

    Swiss firm Pentium Fund has decided to domicile its latest fund of funds in Luxembourg, rather than in the Cayman Islands as originally intended.

  • Performance Snapshot: Arbitrage Hedge Funds

    January 26, 2007

    The table below displays some of last month's top performing arbritrage funds, according to data provided by Eurekahedge.

  • Pioneer Snags Award From AIN Sister Publication

    January 26, 2007

    Global Money Management's Alternatives Manager of the Year award goes to Pioneer Alternative Investments for offering specialist hedge fund of funds portfolios that pension funds can easily integrate into a liability-driven investment (LDI) strategy.

  • Richmond Greenlights FoF Move

    January 26, 2007

    The $540 million Richmond (Va.) Retirement System has decided to invest 3-5% of its assets in private equity funds of funds for diversification and will start seeking managers toward the end of this year.

  • Riverside Feasts On Chicken Feed Co.

    January 26, 2007

    Private equity firm The Riverside Company is seeking add-ons and planning a sales push for its latest acquisition, Anitox Corporation, a company that makes mold and bacterial inhibitors for animal feed.

  • Sale Of WII May Help N.Y. Shop Launch New Fund

    January 26, 2007

    Behrman Capital's sale of WII Components for $295.5 million should help the private equity firm raise money for a new fund, said Mike Hogan, director at Harris Williams, which represented Behrman in the deal.

  • Sandell, Plainfield Buy Synova Converts

    January 26, 2007

    Sandell Asset Management and Plainfield Asset Management purchased privately placed convertible securities in Synova Healthcare Group.

  • Syz Could Acquire More FoFs

    January 26, 2007

    Swiss banking firm Syz & Co. could acquire more fund of funds boutiques as it seeks to grow its hedge fund business.

  • Vietnam Firm Seeks Asset Growth

    January 26, 2007

    VinaCapital, a Vietnamese alternatives firm, is seeking to grow its VinaLand real estate and private equity fund via a second share issue on the London Stock Exchange's AIM market.

  • Yen Rally Attracts Options Buyers

    January 26, 2007

    Hedge funds were snapping up short-dated options on yen crosses last week to capture volatility after the yen gained in the spot market.


 

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