Stories

  • "It takes some time to wake up from a drunken stupor. We are there now."

    March 09, 2007

    --Conquest Capital Group Managing Partner Marc Malek, on the lag-time before higher interest rates are felt by financial markets.

  • Arsago Preps Trio Of New Funds

    March 09, 2007

    Arsago Alternative Capital Management, the $750 million Frankfurt- and Hurden, Switzerland-based firm, will launch a fixed-income strategy, a currency fund and a multi-strategy fund, said Daniel Bittner, ceo and investment manager.

  • BNP, BarCap Commodity Pros Launch Fund

    March 09, 2007

    A pair of former BNP Paribas and Barclays Capital pros have set up London-based Tellurian Capital and launched a commodity fund March 1.

  • Calif. Firm Taps President/CEO

    March 09, 2007

    PCG Asset Management, a La Jolla, Calif.-based private equity firm, has appointed David Fann as president and ceo.

  • Camden Plans To Hire First Private Equity Manager

    March 09, 2007

    The London Borough of Camden Pension Fund is planning to hire its first private equity manager sometime next year after it increases its private equity allocation to 5% of its £774 million from less than £41,000.

  • Citadel Buys China Security Notes

    March 09, 2007

    Citadel Investment Group, the hedge fund juggernaut run by Ken Griffin, has purchased $60 million in privately placed convertible notes from China Security & Surveillance Technology.

  • Conquest: Expect 'Significant Pressure' On Global Equities

    March 09, 2007

    The coming months will witness "significant pressure" on global equity markets, with fixed-income markets rallying due to interest rate cuts, anticipates New York hedge fund manager Conquest Capital Group.

  • Ex-World Bank CIO Sets Up Macro Shop

    March 09, 2007

    Mark Spindel, former chief investment officer of the World Bank's International Finance Corporation, has set up Potomac River Capital in Washington, D.C.

  • Fir Tree Bails Out of Aviation Play

    March 09, 2007

    Fir Tree, the New York hedge fund firm run by Jeffrey Tannenbaum, has sold out of its position in Genesis Lease.

  • Hedge Funds Seek Sub-Prime Talent

    March 09, 2007

    Firms including Halcyon Asset Management, Guggenheim Partners, Petra Capital and Black River Asset Management, are said to be scoping synthetic mortgage-backed securities structurers and traders because they believe the market is ripe for bargain-hunting sub-prime mortgage securities.

  • KGR Plans Structured Products

    March 09, 2007

    KGR Capital, the Hong Kong- and London-based fund of funds firm, is planning to launch new structured products, with a first roll-out likely within the next two months.

  • Kiwi Rate Decision Prompts Put Protection Buying

    March 09, 2007

    Carry-trade investors that have been funding NZD positions via the yen were busy buying up downside New Zealand dollar puts early last week to protect themselves in case the New Zealand central bank did not raise rates.

  • Korea's NPC To Seek P/E, Real Estate Managers

    March 09, 2007

    Korea's National Pension Corporation, which administers the $200 billion National Pension Scheme, will seek managers to handle up to $1.3 billion in global private equity, real estate and active emerging markets equity this year.

  • London Firm Eyes Soft-Close

    March 09, 2007

    London-based Omni Partners expects to soft-close its new global event-driven hedge fund at $350 million at the end of May.

  • Magnetar Adds Deutsche Bank Structuring MD

    March 09, 2007

    Magnetar Financial has hired Mike Henriques, managing director in the securitized products group at Deutsche Bank in New York, as co-head with Jim Prusko of structured credit in New York.

  • Mandate Scoreboard

    March 09, 2007

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

  • Marchand Set To Exit Aladdin

    March 09, 2007

    Gil Marchand, portfolio manager at Aladdin Capital Management, is expected to leave the firm in the coming weeks.

  • Martin Currie To Seek Clients For Global Financials Fund

    March 09, 2007

    Martin Currie, the Edinburgh-based investment management firm with approximately $26 billion in assets, will in June make its first push for institutional assets for the Martin Currie ARF--Global Financials Fund.

  • N.Y. State Brokerage Hires Hedge Fund Services Chief

    March 09, 2007

    CL King & Associates, the Albany, N.Y.-based boutique, has hired Jeff Maier, formerly a senior v.p. in Neuberger Berman's prime and correspondence services division, in a new position as the head of its hedge fund services division.

  • NewAlpha Eyes LatAm Seedings

    March 09, 2007

    NewAlpha Advisers, the hedge fund seeding arm of Paris-based ADI, is considering investing in Latin American managers for the first time later this year.

  • Paulson Strikes Gold

    March 09, 2007

    New York's Paulson & Co hit paydirt last month with a series of derivatives trades that gave it short exposure to subprime mortgage asset-backed securities.

  • Pentium Eyes Marketing Push

    March 09, 2007

    Pentium Fund, the E500 million Swiss hedge fund firm, is seeking to hire a marketing team as it seeks to grow assets.

  • Performance Snapshot: Long/Short Hedge Funds

    March 09, 2007

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

  • ReachCapital Launches Scandinavian Fund

    March 09, 2007

    Harrison, N.Y.-based ReachCapital Management has rolled out a fund focusing on Nordic country equity.

  • Short Covering Drives Index Spreads Tighter

    March 09, 2007

    Hedge funds and bank prop desks were racing to cover short positions by selling protection on the iTraxx Crossover index last week after stock markets recovered from the previous week's global sell-off.

  • Steel Ups GenCorp Position

    March 09, 2007

    Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, has increased its position by 1.2% in aerospace concern GenCorp.

  • The Long & Short Of It

    March 09, 2007

    Going Short: Connecticut Attorney General Richard Blumenthal, who lashed out at the Connecticut Hedge Fund Association for failing to include discussions on regulation at its inaugural World Hedge Fund Forum.

  • Tremont Reviews Multi-Strategy Approach

    March 09, 2007

    Tremont Capital Management is evaluating how it constructs multi-strategy portfolios to see if there is a more efficient way to scale its business as assets grow.


 

Planning for a high-income year due to 457A income? Download this short paper to find out more about the opportunity to reduce tax liability and have significant charitable impact..

Click here for more details.


Latest Poll

Will a Trump presidency be good for hedge funds?

 - 33%
 - 67%

View previous results