Stories

  • "Three large activist [shareholders] are hard to ignore."

    March 16, 2007

    --Chapman Capital Founder Robert Chapman after his firm and two others successfully pushed Sunterra Corp. to sell.

  • AIN March Madness

    March 16, 2007

    To celebrate this month's NCAA basketball tournament, which galvanizes office workers throughout the U.S. and elsewhere, AIN has once again constructed its very own March Madness tournament bracket for the hedge fund industry.

  • Boston VC Shop To Launch Fourth Iteration Of Hybrid Strat

    March 16, 2007

    CP Baker, a Boston-based venture capital firm, is preparing to launch the fourth--and largest--version of a hybrid VC/micro-cap public equities strategy by the end of this year.

  • Bulldog Pushes For Real Estate Co. Sale

    March 16, 2007

    Bulldog Investors, the activist firm run by well-known manager Phil Goldstein, is pushing for the sale of Newark, N.J.-based real estate company Wilshire Enterprises.

  • Calendar Of Events

    March 16, 2007

  • California Eyes Alts Boost

    March 16, 2007

    The University of California board of regents discussed increasing its exposure to alternatives at a meeting earlier this month.

  • First Reserve Snags Award From AIN Sister Publication

    March 16, 2007

    First Reserve Corp., which last year raised the largest ever buyout fund to focus exclusively on energy, was honored as Money Management Letter's Alternative Manager of the Year at a gala dinner in Las Vegas on March 11.

  • Florida CTA Plans U.S. Onshore Fund

    March 16, 2007

    Haar Capital Management, the Boca Raton, Fla.-based CTA firm run by Stanley Haar, is planning to offer its strategy in the form of a domestic U.S. fund.

  • FSI Ramps Up Private Equity Business

    March 16, 2007

    Financial Stocks Inc., an investment firm focused on the securities industry, is expanding its private equity division, having opened an office in San Francisco and hired a managing director to spearhead private equity activities on the West Coast.

  • Grassley Threatens Big Tax Hike

    March 16, 2007

    The hedge fund and private equity industries are bracing for what could be an intense, public debate about how firms are taxed.

  • Harcourt Dives Into Commodities

    March 16, 2007

    Zurich-based Harcourt Investment Consulting, with over $4 billion under management, is making its first move outside the hedge fund space by launching a range of commodities funds.

  • Hedge Funds Score With Mills Play

    March 16, 2007

    Two large multi-billion dollar hedge funds are set to cash in on their bet on Mills Corp.

  • IPM Rolls Out Commodity Strat

    March 16, 2007

    Informed Portfolio Management, the $6 billion-plus Swedish investment management firm, has started running a commodity strategy with firm money and will make it available to investors next quarter.

  • Jitters Prolong Yen Option Buying

    March 16, 2007

    Traders were seen piling into short-dated options on yen crosses last week as a second wave of stock market weakness sent spots tumbling lower and implied volatilities higher.

  • Living On The Hedge...

    March 16, 2007

    An occasional column by Logan Short, an astute industry observer.

  • Loeb Cuts Plastic Co. Stake

    March 16, 2007

    Third Point, the activist hedge fund run by outspoken manager Daniel Loeb, has made further cuts to its investment in plastic concern AEP Industries.

  • Macro Funds Bail Emerging Markets

    March 16, 2007

    Global macro hedge funds have sharply reduced their exposure to emerging markets and equities in Europe, Australasia and the Far East (EAFE), according to research by Merrill Lynch.

  • Mandate Scoreboard

    March 16, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through March 15.

  • Mellon Targets Institutions With Distressed FoF

    March 16, 2007

    Mellon Global Alternative Investments, Mellon's $1 billion-plus fund of hedge funds arm, has launched Mellon Recovery Fund focused on distressed debt and targeted to institutional investors seeking to reduce their exposure to high yield in favor of alternative fixed-income strategies.

  • Morley Debuts L/S U.K. Fund

    March 16, 2007

    Morley Fund Management, the £167 billion U.K. asset management giant, has rolled out a U.K. long/short equity fund.

  • Mulvaney Takes February Hit

    March 16, 2007

    The $153 million CTA fund run by London's Mulvaney Capital Management took a knock last month, dropping 5.18%.

  • NYLIM Plans Retirement Funds With Hedge-Like Strats

    March 16, 2007

    New York Life Investment Management will introduce the first target-date retirement funds to use hedge fund-like strategies.

  • Ohio State Approves Alts Ramp-Up

    March 16, 2007

    The Ohio State University will make a maiden 3% allocation to natural resources and is going to double its hedge fund allocation to 14%.

  • Performance Snapshot: Fixed-Income Hedge Funds

    March 16, 2007

    The table below displays some of last month's top performing fixed-income managers, according to data provided by Eurekahedge.

  • Sunterra Play A Winner For Chapman

    March 16, 2007

    Chapman Capital, the activist hedge fund firm run by Robert Chapman, has seen its investment in Sunterra Corp. more than double.

  • Swiss Firm Eyes Marketing Push

    March 16, 2007

    Geneva-based Inoks Capital is likely to make a first marketing push for its three hedge funds.

  • Tudor Injects Cash Into Flat Panel Tech Co.

    March 16, 2007

    Tudor Investment Corporation has purchased $12 million worth of convertible preferred shares in Uni-Pixel through a private transaction with the company.

  • West Sussex Tenders Private Equity

    March 16, 2007

    The £1.5 billion West Sussex County Council Superannuation Fund has put a private equity mandate out to tender this month--which will bump up its investments to 5% from 1.9%--and is also planning to re-tender its direct property portfolio worth 10% of the fund's assets in mid-March.


 

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