Stories

  • Correct: Deutsche Taps Merrill Vet To Co-Head Securities Lending

    February 16, 2007

    Deutsche Bank has hired Keith Babbitt as co-head of securities lending for North America, part of the bank's prime brokerage unit.

  • Correct: Deutsche Taps Merrill Vet To Co-Head Securities Lending

    February 16, 2007

    Deutsche Bank has hired Keith Babbitt as co-head of securities lending for North America, part of the bank's prime brokerage unit.

  • Deutsche Taps Merrill Vet To Co-Head Prime Brokerage Division

    February 15, 2007

    Deutsche Bank has hired Keith Babbitt as co-head of securities lending for North America, part of the bank's prime brokerage unit.

  • "I'm here to serve an eviction notice."

    February 09, 2007

    --Renowned activist manager Robert Chapman on his approach in shaking up the executive ranks of companies he targets.

  • Beantown Firm Makes Asian Casino Play

    February 09, 2007

    Boston-based Delta Partners' Prism Partners fund has built a long position in Malaysian gaming concern Genting Group.

  • Brevan Howard Pro Delays Macro Fund Launch

    February 09, 2007

    Laven Partners, a London-based hedge fund advisory firm, has delayed the launch of a global macro fund managed by an unnamed former trader at Brevan Howard Asset Management.

  • Calendar Of Events

    February 09, 2007

  • Chapman: 'I Want To Evict Squatters'

    February 09, 2007

    Robert Chapman was in rare form last week, saying in a speech that he was "here to serve an eviction notice" to overpaid executives, whom he also labeled "incompetent carjackers," among other things.

  • Cincy Retirement Plan To Allocate Over $500M To Alts

    February 09, 2007

    The $2.4 billion Cincinnati Retirement System is planning a dramatic revamp of its portfolio over the next 12-18 months, with about 23%, or more than $500 million, going to alternatives, according to AIN sister publication Money Management Letter.

  • Eden Rock Bets Big On Structured Finance

    February 09, 2007

    Eden Rock Capital Management, the $2 billion London-based fund of funds firm, will launch a structured finance fund March 1 with a medium-term target size of $1 billion.

  • Ermitage Debuts Concentrated FoF

    February 09, 2007

    Ermitage Group, the Jersey-based fund of hedge funds firm, rolled out a concentrated European multi-strategy offering Feb. 1.

  • Ex-HSBC Director Launches Asia Ex-Japan Strat

    February 09, 2007

    Kerry Series, former investment director of Asian equities for HSBC Halbis Partners, the asset management arm of the U.K. bank, has launched a long/short Asia ex-Japan hedge fund.

  • Farallon Offer For Mills May Spur New Trend

    February 09, 2007

    Hedge fund Farallon Capital Management's partnership with Simon Property Group to bid for Mills Corp. could signal the start of a new trend in the commercial real estate sector in which hedge funds become involved in corporate real estate acquisitions.

  • First Quad, Ryan Team Up

    February 09, 2007

    Ryan Labs and First Quadrant are teaming up to offer a liability-driven portable alpha investment strategy.

  • French Firm Rolls Out Market-Neutral Fund

    February 09, 2007

    Paris-based asset management firm Carmignac Gestion launched a global market-neutral equity hedge fund last month.

  • Galena To Push Special Situations Fund

    February 09, 2007

    Galena Asset Management, a subsidiary of commodities trading firm Trafigura Group, will target investors with its special situations fund for the first time.

  • Goldman Vets Plan Illiquid Credit Fund

    February 09, 2007

    London-based credit hedge fund firm Cinnamon Capital Management, which was set up last year by two Goldman Sachs pros and a fund of funds veteran, is planning to launch a second, less liquid fund.

  • Hedge Funds Stock Up On Emerging Market Corporate Loan Risk

    February 09, 2007

    Hedge funds are increasingly selling credit default protection on bank loans to corporates in emerging markets as a way of gaining exposure to this high-yielding debt.

  • Icahn Effect Fires Up Steepeners On Lear

    February 09, 2007

    Carl Icahn's $2.6 billion bid for the chunk of Lear Corp. he doesn't already control had investors piling into steepeners on the auto equipment supplier.

  • Inside The Fortress IPO

    February 09, 2007

    For nine months ending Sept. 30, 2006, Fortress Investment Group took in a little over $1 billion in revenues, up $561 million from the previous year, according to a filing with the Securities and Exchange Commission.

  • Liongate Opens Concentrated FoF To Investors

    February 09, 2007

    London-based Liongate Capital Management is opening its latest fund of funds for investment for the first time.

  • Living On The Hedge...

    February 09, 2007

    Unless you've been living under a rock or hiding in Belize or something, you probably noticed the buzz surrounding Fortress Investment Group's initial public offering.

  • Loeb Turns Up Pressure On Water Pump Maker

    February 09, 2007

    Third Point, the activist hedge fund giant run by Daniel Loeb, is lobbying for the sale of Flow International Corp.

  • London Firm Seeks Analyst

    February 09, 2007

    London-based hedge fund firm Tail Wind Advisory & Management is seeking to hire an analyst to focus on North American equities.

  • London Firm Wins By Shorting Department Store Chain

    February 09, 2007

    London-based Tiburon Partners' long/short U.K. equity fund enjoyed success last month by shorting department store chain Debenhams.

  • Mandate Scoreboard

    February 09, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Feb. 7.

  • N.Y. Firm Closes Energy Co. Holdings For Healthy Gains

    February 09, 2007

    Long/short hedge fund firm NES Capital Management capitalized on a pair of concentrated long positions in energy companies to finish last year with gains of 38% and 39% in its on- and offshore funds.

  • Ontario Pension To Boost Asian Exposure

    February 09, 2007

    The Ontario Municipal Employees Retirement System intends to increase its exposure to private equity funds investing in Asia.

  • Pequot Bails Out Of Semiconductor Notes

    February 09, 2007

    Pequot Capital Management, the hedge fund firm run by Art Samberg, has untangled itself from a private placement with Irvine Systems.

  • Performance Snapshot: Long/Short Hedge Funds

    February 09, 2007

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

  • Third Ave. Founder Talks Strategies, Successes, Failure

    February 09, 2007

    Martin Whitman, founder of Third Avenue Management, held court on his firm's distressed strategies at the 2007 Leadership in the Distressed Markets conference held by Argyle Executive Forum in New York last week.

  • U.K. Incubator Launches Fund #2

    February 09, 2007

    London-based incubation firm Noble Asset Management is due to launch its second hedge fund this week.


 

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