Stories

  • "It will continue to go until somebody gets hurt and it will stop."

    April 13, 2007

    --Marshall Sonenshine, partner at Sonenshine and Partners, on the increased volume of M&A retail buyouts.

  • Baring To Launch Emerging Markets Hedge Fund

    April 13, 2007

    Baring Asset Management will launch an emerging markets long/short hedge fund in June.

  • Carlyle Outsources Convert Arb Portion Of Blue Wave

    April 13, 2007

    Private equity firm The Carlyle Group has allocated the convertible arbitrage portion of its new multi-strategy hedge fund to Greenwich, Conn.-based Acuity Capital Management.

  • Euro Pensions Get Comfortable With Alts

    April 13, 2007

    Pension schemes in Continental Europe and Ireland are more comfortable when investing in alternatives than their U.K. counterparts.

  • Federal Street Advisors Forms JV To Seek Consulting Mandates

    April 13, 2007

    Federal Street Advisors, a $4.5 billion Boston-based wealth management firm, has formed a joint venture with nearby fund of hedge funds firm Balter Capital Management to advise and create customized hedge fund portfolios for foundations, endowments and public and corporate pension plans.

  • GLG Extends Mining Co. Swaps

    April 13, 2007

    GLG Partners has amended a total return swap agreement in Bekem Metals that was due to expire this month.

  • Hedge Funds Short U.S. Equities

    April 13, 2007

    Hedge funds are increasing their short positions in U.S. equity indices, with short NASDAQ exposure becoming increasing crowded by global macro managers.

  • John Henry Vet Joins Nevada Firm

    April 13, 2007

    Ted Parkhill, former marketer at John. W. Henry & Co., has joined Incline Village, Nev.-based Dekker Capital Management in a similar role.

  • Lazard Hires SAC, Sailfish Vet

    April 13, 2007

    New York-based Lazard Asset Management has hired former SAC Capital Management and Sailfish Capital Partners portfolio manager Sean Reynolds.

  • Mandate Scoreboard

    April 13, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through April 12.

  • Millennium, Fir Tree Pile Into Homeland Security SPAC

    April 13, 2007

    Millennium Management and Fir Tree have invested in a newly formed blank check company focused on the homeland security sector.

  • Missouri Highway To Boost Hedge Fund Stake

    April 13, 2007

    The $1.7 billion Missouri Highway and Transportation Employees and Highway Patrol Retirement System intends to hire four or five hedge fund managers this year.

  • Odyssey Scores With Neff Sale

    April 13, 2007

    Odyssey Investment Partners more than tripled its investment earlier this month when it sold Neff Corp., a construction equipment rental company, to Lightyear Capital, the private equity firm run by former PaineWebber CEO Don Marron, for $900 million.

  • One Year Ago In Alternative Investment News

    April 13, 2007

    Paris-based Lyxor Asset Management, the $70 billion fund of hedge funds wing of Société Générale, launched its first fund of funds for the Italian market.

  • P/E Firms Ride Retail Wave

    April 13, 2007

    Private equity firms have helped push deal volume in retail 19% higher over last year. M&A retail buyouts totaled $53.2 billion in the first quarter, compared with $44.5 billion last year, according to Dealogic.

  • Performance Snapshot: Long/Short Hedge Funds

    April 13, 2007

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

  • Pirate Gives Away T-Shirts To Protest Aquila Sale

    April 13, 2007

    Pirate Capital, the activist hedge fund firm run by Tom Hudson, has taken the unusual step of giving away t-shirts to protest Aquila's sale to Black Hills Corporation and Great Plains Energy.

  • P-Solve To Target International, Private Investors

    April 13, 2007

    London-based fund of funds firm P-Solve Alternative Investments is re-focusing its asset-raising efforts to target private investors on a global basis.

  • RAB Mulls Acquisition Targets

    April 13, 2007

    RAB Capital, the $5.5 billion London-based hedge fund firm, is eying a number of potential acquisition targets, with the goal of completing one or two deals this year.

  • Salt Lake Firm Prowls For Healthcare Targets

    April 13, 2007

    DW Healthcare Partners is on the prowl for acquisitions in behavioral health, dialysis clinics and obesity services and products. The firm expects to spend $20 million to $25 million of equity per deal.

  • San Francisco Firm To Launch L/S Fund

    April 13, 2007

    San Francisco-based BayStar Capital is preparing to launch a long/short hedge fund on May 1.

  • Stanford Pair Push Quant Fund

    April 13, 2007

    A pair of PhD candidates in Stanford University's computational mathematics program have begun marketing their quantitative hedge fund for the first time.

  • The Long & Short Of It

    April 13, 2007

    Going Long: New York magazine, for its April 16 feature on hedge funds. AIN has long been critical of the mainstream press and its peculiar--usually inaccurate--portrayal of hedge funds.

  • Top Funds Set To Get Delta Equity; Others Fight On

    April 13, 2007

    Several large hedge funds are poised to get equity in Delta Airlines when it emerges from bankruptcy protection this spring, while some of their brethren are jockeying for a stake.

  • U. of San Diego Boosts Alts

    April 13, 2007

    The $270 million University of San Diego intends to double its 15% allocation to alternatives over the next three-to-five years.

  • UBS Derivatives Trio Exits

    April 13, 2007

    Three senior equity derivative traders at UBS in London, Murray Roos, Daniel Blum and Daniel Turner have left the firm.


 

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