Stories

  • "I hate to burst anyone's bubble but the industry is not big enough yet to be considered a bubble."

    March 23, 2007

    --Larry Cohen, a member of the hedge fund practice at law firm Lowenstein Sandler, dismissing talk of a "hedge fund bubble" .

  • Alternative Asset Investment Management's First Annual Hedge Fund Summit

    March 23, 2007

    About 60 asset managers and investors gathered at the Wynn Las Vegas for Alternative Asset Investment Management's first annual Hedge Fund Summit earlier this month.

  • Baird To Boost Operations With New Fund

    March 23, 2007

    Baird Capital Partners is focusing more on improving the operations of portfolio companies with its fourth fund.

  • Blue Planet Seeks Analysts

    March 23, 2007

    Blue Planet Investment Management, the Edinburgh-based firm with a focus on the financial sector, will hire more analysts as it seeks to grow its investment team.

  • Decline In Side Pocket, Soft Dollar Use Seen

    March 23, 2007

    In-house counsel at investment management firms said they are continuing to see a decline in use of side pockets, side letters and soft dollars.

  • Funds Ride Icahn's Coattails

    March 23, 2007

    Some top hedge fund managers are set to get a boost from Carl Icahn if his tender offer for WCI Communities is successful.

  • Goldman/Sparx Pair Teams For Japan Fund

    March 23, 2007

    Shintaro Tomita, ex-Goldman Sachs, has teamed up with Toshiyuki Matsushita, previously of Sparx Asset Management, to form Bluebear Investment Managers, a Tokyo-based hedge fund firm.

  • Halcyon Readies Real Estate Platform

    March 23, 2007

    Halcyon Asset Management, a hedge fund manager with $10 billion under management, is launching a commercial real estate platform targeting distressed investments and is in the early stages of mapping out an opportunity fund.

  • Harbert, Stanfield Increase Motient Exposure

    March 23, 2007

    Harbert Management Company and Stanfield Capital Partners have increased their exposure to technology concern Motient.

  • JPMorgan Launches Emerging Markets FoF

    March 23, 2007

    JPMorgan Structured Fund Management has launched Londinium JPM Emerging Market Fund, a fund of hedge funds in conjunction with London-based Redi & Partners.

  • Lumina Foundation Boosts Alts

    March 23, 2007

    The $1.4 billion Lumina Foundation For Education is increasing its allocation to alternatives to 33% from 25%.

  • Macro Funds Up Emerging Markets, EAFE Exposure

    March 23, 2007

    Global macro hedge funds did a 180 and re-upped their exposure to emerging markets and equities in Europe, Australasia and the Far East (EAFE) after a sharp reduction at the end of last month, according to research by Merrill Lynch.

  • Mandate Scoreboard

    March 23, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through March 21.

  • Martin Currie Makes Push For U.K. Fund

    March 23, 2007

    Martin Currie Investment Management, the £13.3 billion Edinburgh-based asset management firm, is making its first-ever push to market a U.K.-focused market-neutral hedge fund.

  • North Carolina Firm To Launch Vol Trading Strat

    March 23, 2007

    David Burelli and Scott Ladner will be launching their hedge fund Tryon Street Partners in May.

  • North Castle Completes Fitness Co. Dividend Recap

    March 23, 2007

    Consumer businesses-focused private equity firm North Castle Partners completed a dividend recapitalization of Octane Fitness Holdings, one of its portfolio companies.

  • Ohio Buyout Seeks Healthcare Target

    March 23, 2007

    Linsalata Capital Partners is hunting for its first investment in the healthcare sector.

  • Old Mutual Readies Shariah Fund

    March 23, 2007

    Old Mutual Asset Managers will launch its Shariah-compliant hedge fund, the Old Mutual Al Saqr Fund, on April 2.

  • One Year Ago In Alternative Investment News

    March 23, 2007

    Lone Pine Capital, Farallon Capital Management, Moore Capital Management and Gartmore Investments entered the final four in AIN's inaugural March Madness tournament.

  • Panel Dismisses 'Hedge Fund Bubble'

    March 23, 2007

    The so-called "hedge fund bubble" is a misnomer, as hedge funds do not constitute an asset class, agreed panelists.

  • Pequot Exits Pharma Position

    March 23, 2007

    Pequot Capital Management, the $7.6 billion firm run by Art Samberg, has exited its equity position in Threshold Pharmaceuticals.

  • Performance Snapshot: Market Neutral Hedge Funds

    March 23, 2007

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

  • RREEF Closes Maiden PE Fund

    March 23, 2007

    RREEF Alternative Investments, the alternatives wing of Deutsche Bank's asset management arm, has closed its first private equity offering, DB Secondary Opportunities Private Equity Fund, after raising $775 million from investors in the U.S., Europe and Middle East.

  • Seed Managers Debate 'Pedigree' Role

    March 23, 2007

    A panel on manager selection debated the role of academic and professional backgrounds of potential seed recipients, with one panelist, Borton Hermeneutics Founder Benjamin Borton, arguing that it is dangerous to extrapolate from the corporate or educational entity to the individual.

  • Steel Increases Del Global Stake

    March 23, 2007

    Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, has increased its position in medical and dental imaging concern Del Global Technologies Corp.

  • Texas Auditor Slams Hedge Funds

    March 23, 2007

    The $1.8 billion Fort Worth (Texas) Employees Retirement Fund will begin an asset allocation study in the next month or so that could lead to a reduction in its 9% hedge fund stake.

  • The Long & Short Of It

    March 23, 2007

    Going Short: John Evans, secretary of the Trade Union Advisory Committee, for his views that private equity and hedge funds are "a cancer eating away at the job-creation system."

  • U.S. Rate Decision Prompts Vol Spike

    March 23, 2007

    The Federal Reserve decision to leave U.S. rates unchanged at 5.25% Wednesday prompted an uptick in implied volatility on the euro versus the U.S. dollar.

  • Uranium Fund To Close To New Investors

    March 23, 2007

    Solios Asset Management, a Cambridge, Mass.-based energy investment firm, is closing its Uranium Fund to new investors on April 1, only six months after launch.

  • West Virginia To Examine Alts

    March 23, 2007

    The $8 billion West Virginia Investment Management Board will meet within a month to discuss issuing an RFP for an alternatives consultant following the March 10 passage of a bill that allows it to invest in alternatives.

  • What Happens In Vegas...

    March 23, 2007

    The first annual Alternative Asset Hedge Fund Summit kicked off with a pre-conference cabana poolside networking event on Sunday morning, followed with a tennis tournament that afternoon.


 

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