Stories

  • Goldman Nabs HSBC’s Messier

    April 03, 2007

    Gerald Messier, global head of HSBC Private Bank’s alternatives group in Geneva, has joined Goldman Sachs’ private banking division.

  • Fortress Taps GE Duo For Energy Push

    March 30, 2007

    Fortress Investment Group is establishing an energy group and hired a pair of rainmakers from GE Energy Financial Services to run it.

  • "No intelligent argument can be made that my opening my schedule to a 24 hour/7 days per week availability did anything but increase Mr. Lutnick's opportunity to return my call in a prompt fashion."

    March 30, 2007

    --Chapman Capital's Robert Chapman voicing his frustration over lack of communication from eSpeed CEO Howard Lutnick.

  • 2007 Final Four

    March 30, 2007

  • Arizona Seeks Real Estate, Commodities Managers

    March 30, 2007

    The University of Arizona has issued RFPs for a private real estate and an active commodities manager for its $200 million endowment.

  • Austrian Manager Offers Novel Long/Short CDO

    March 30, 2007

    Montana Capital Financial Services, a €4.8 billion Austrian structured credit manager, is marketing in Europe a first-of-a-kind long/short single-tranche synthetic collateralized debt obligation.

  • BGI To Launch L/S Fund

    March 30, 2007

    Barclays Global Investors will roll out a Russell 3000 long/short alpha advantage strategy in the second quarter.

  • Blue Point Plots Direct Mail Shopping Spree

    March 30, 2007

    Blue Point Capital Partners is planning to expand in the direct mailing space.

  • BlueMountain Launches Credit Strat

    March 30, 2007

    New York's BlueMountain Capital Management has launched BlueMountain II, a long/short credit strategy, on March 1.

  • Buyout Shops On A Tear

    March 30, 2007

    Private equity firms continued their acquisition spree in the first quarter, despite talk of the market hitting its peak.

  • Cantillon Funds Reverse Course After Rocky Start

    March 30, 2007

    Hedge funds managed by William von Mueffling's Cantillon Capital Management have experienced a dramatic turn for the better, after being in the red as recently as March 16. At that time, all of the firm's six strategies had lost money.

  • Chapman To eSpeed Chief: Call Me Now!

    March 30, 2007

    Chapman Capital Managing Member Robert Chapman is upset that eSpeed CEO Howard Lutnick is not returning his phone calls.

  • Citadel Sells Fushi Notes

    March 30, 2007

    Citadel Investment Group has sold Fushi International guaranteed senior-secured floating rate notes roughly one month after purchasing them from the Chinese wire maker.

  • Cyrus' Marketing Head Moves On

    March 30, 2007

    Doreen Mochrie, partner and head of marketing and client service at Cyrus Capital in New York, has left the firm after a two year stint. Alison Bennett has joined the firm from MacKay Shields and will take over the client services functions of Mochrie's job.

  • Danish Firm Readies L/S Fund

    March 30, 2007

    Copenhagen-based hedge fund firm Uttrup Investment Management will launch its first offering, a long/short European equity fund, next quarter.

  • Ex-Citi High Yield Manager Kicks Off Fund

    March 30, 2007

    Thomas Hajdukiewicz, a former high yield portfolio manager at Citigroup Investments, has started GoldenHawk Capital Management.

  • Five Years Ago

    March 30, 2007

    Institutional investors were making large strides with their hedge fund and private equity mandates, according to AIN's 2001 League Tables that were released in the March, 2002 issue (AIN was a monthly in those days).

  • French Firm To Launch Offshore Fund

    March 30, 2007

    Paris-based Varenne Capital Partners is launching Varenne Value Active Fund, an offshore version of its active value strategy, this July.

  • Goldman Duo Plan High Vol L/S Fund

    March 30, 2007

    Goldman Sachs veterans Charles Elliott and Sasha Karim have set up hedge fund firm Inflection Point Investments and will roll out a long/short equity fund of the same name July 1.

  • Hedge Fund Assets Top $2 Trillion

    March 30, 2007

    Total assets in hedge funds has surpassed $2 trillion globally, according to AIN sister publication HedgeFund Intelligence.

  • Hedge Fund-Backed SPAC On The Prowl For Alts Firm

    March 30, 2007

    Hanover-STC Acquisition Corp., a newly formed blank check company backed by several veterans of the hedge fund and private equity space, is targeting alternative investment firms.

  • Heron Foundation Eyes Direct Hedge Fund

    March 30, 2007

    The $307 million F.B. Heron Foundation in New York is considering investing in Fletcher Asset Management's Fletcher Income Arbitrage strategy, which would be its first direct investment in a hedge fund.

  • Hoover Eyes Hedge Fund Increase

    March 30, 2007

    The Hoover (1987) Pension Scheme is considering increasing its hedge funds allocation in six-nine months time, but is waiting to see how its recent investment performs.

  • Hostile Takeovers On The Upswing

    March 30, 2007

    The number of hostile takeovers rose 87% to 157 last year and observers expect the pace to continue.

  • Institutions Fret Hedge Fund Risk, Valuation

    March 30, 2007

    Risk profiles and accurate valuations are among the main concerns institutional investors have over their hedge fund investments, according to a survey released last month by State Street.

  • Longs Hamper J O Hambro Asia Fund

    March 30, 2007

    J O Hambro Investment Management's long/short Asia Tai Chi Fund was held back by its lack of shorts in February.

  • Mandate Scoreboard

    March 30, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Mar. 28.

  • MPC To Launch L/S, Multi-Strat Funds

    March 30, 2007

    London-based MPC Investors will launch long/short and multi strategy funds later this year, according to CEO Peter Harrison.

  • N.Y. Firm To Expand Salvage Web Site

    March 30, 2007

    Spire Capital Partners plans to network to boost business for its latest acquisition, SalvageSale, an online marketplace for aging trucks, cranes and other industrial equipment.

  • Old Mutual To Close Stat Arb Fund

    March 30, 2007

    London-based Old Mutual Asset Managers, an $11.2 billion investment management firm, will close its European statistical arbitrage hedge fund in the next few months.

  • One Year Ago In Alternative Investment News

    March 30, 2007

    Harry Arora departed Amaranth Advisors where he had managed its 21-person energy trading desk.

  • P2 Staffs Up 'Friendly Activist' Fund

    March 30, 2007

    P2 Capital Partners, the nascent activist firm run by Claus Moller, has tapped six investment staffers for its new fund.

  • Performance Snapshot: Multi-Strategy Hedge Funds

    March 30, 2007

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

  • PFA Eyes Hedge Funds, Commits To Infrastructure

    March 30, 2007

    Copenhagen-based pension insurer PFA Pension, with approximately DKK220 billion (€30 billion) in total assets, is currently screening equity market-neutral hedge funds for a possible direct investment.

  • RBS To Add To Sales Team

    March 30, 2007

    RBS Asset Management is about to hire two sales executives to focus on the Nordics and the Benelux region as it seeks to meet increasing demand for its fund of hedge fund strategies from institutional investors in Europe, said Shona Hannah, senior sales manager in London.

  • Reech Preps Relative Value Strategy

    March 30, 2007

    London-based Reech AiM Partners will launch a relative value arbitrage fund later this quarter.

  • Structured Industry Sets Sights On $100B Target

    March 30, 2007

    U.S. structured investment issuance has reached $64 billion, according to latest Structured Products Association estimates.

  • TA To Seek Ramp-Up Of Newly-Acquired K2

    March 30, 2007

    TA Associates plans to help dramatically expand K2 Advisors, the $5.5 billion fund of hedge funds firm in which it acquired a minority stake last week.

  • Thames River Lifts Lid On Shorts

    March 30, 2007

    Thames River Capital's long/short mid-cap European Tybourne Fund benefited in February by shorting Italian lottery operator Lottomatica.

  • Trafalgar To Take Off With Aviation Credit Fund

    March 30, 2007

    Trafalgar Asset Managers, the $1.7 billion-plus London-based hedge fund firm, will launch a new credit fund focused on the aviation sector.


 

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