Stories

  • MD Sass Taps Director Of ABS Group

    April 24, 2007

    Martin Sass' firm has hired a director for Waterfield Asset Management, its high-yield asset backed securities hedge fund.

  • "You've been down one mine, you've been down all [of them]."

    April 20, 2007

    --Stowe Partners Founder Michael Keenan, a former geologist on why he was seeking a new challenge by launching a hedge fund.

  • ...As Marketing Head Departs To Carmignac

    April 20, 2007

    Carmignac Gestion, the Paris-based asset management firm with over €10 billion under management, has hired NewAlpha's marketing director, Sandra Crowl, as director, fund specialist Europe.

  • 5th Annual Hedge Fund Industry Awards Nominees

    April 20, 2007

    The following are the nominees for the 5th Annual Hedge Fund Industry Awards, recognizing outstanding achievements in the hedge fund industry.

  • ABN's Vaughan-Smith Resurfaces With New Firm

    April 20, 2007

    Gary Vaughan-Smith, the ex-head of ABN AMRO Asset Management's alternative investment group, has resurfaced to co-found fund of funds firm SilverStreet Capital in London.

  • Boone Launches Levered Fund

    April 20, 2007

    New York-based Boone Capital Management has launched Boone Capital Levered Fund, a levered version of its event-driven/special situations fund.

  • California Geologist To Launch Hedge Fund

    April 20, 2007

    Sacramento, Calif.-based Stowe Partners, formed one year ago by a geologist, is launching its maiden hedge fund, Stowe Georesource Fund, on May 1.

  • Caxton Lands Board Seats, Plans Proxy Fight

    April 20, 2007

    Caxton Associates has landed two seats on the board of InFocus Corporation and is planning to run a full slate of directors at the next annual meeting.

  • Cinnamon To Reopen Fund

    April 20, 2007

    Cinnamon Capital Management will reopen its credit hedge fund to investors on May 1, having closed in February.

  • Conn. Fixed Income Shop Taps Alts Marketer

    April 20, 2007

    Atlantic Asset Management has hired Chris Sutter, a former marketer at Santa Monica, Calif.-based Tiger cub Big Sky Capital as v.p. of sales for its alternatives division.

  • Conn. Start-Up Hires Senior PM

    April 20, 2007

    Greenwich, Conn.-based start-up firm NSM Capital Management has hired Keith Lee as a senior portfolio manager.

  • Copenhagen PE Firm To Add Partners

    April 20, 2007

    Danish private equity fund of funds firm Northsea Capital, with over €1 billion under management, is seeking to hire two new partners.

  • Corporate Pension Fund Investor of The Year

    April 20, 2007

    The lumber company's pension fund, under CIO Jeff Klein and President Salim Shariff, continues to push the use of hedge funds.

  • Credaris Launches Long/Short CDO

    April 20, 2007

    Credaris and SG Corporate & Investment Banking have launched in Europe and Asia a full-capital structure long/short collateralized debt obligation.

  • Emerging Manager of The Year

    April 20, 2007

    Run by Harry Arora, the commodities trading firm made its debut last July, shortly before Amaranth Advisors, Arora's previous employer, imploded.

  • Everest Capital Hit With Drawdowns

    April 20, 2007

    Marko Dimitrijevic's Everest Capital, one of the oldest existing hedge fund firms, has lost money in its two main strategies this year.

  • Ex-Soros Advisor Preps Asia-Focused Activist Play

    April 20, 2007

    Dalton Investments, a Los Angeles-based activist firm founded by James Rosenwald, a former advisor to George Soros, is preparing to launch its third hedge fund on July 1.

  • FrontPoint Snags Wisconsin's Weaver

    April 20, 2007

    Thomas Weaver, director of investments at the $1.7 billion Wisconsin Alumni Research Foundation (WARF), has joined Morgan Stanley Investment Management as a managing director at recently-acquired FrontPoint Partners.

  • FSA Targets Commodity Derivatives

    April 20, 2007

    As part of a recently published paper on commodity investments, U.K. regulator the Financial Services Authority is stepping up its scrutiny of commodity derivatives and structured products.

  • Fund of Funds Leader of The Year

    April 20, 2007

    Stuart Leaf's New York-based firm was able to nearly double its assets last year, thanks in part to selling a 70% stake to Belgo-Dutch banking concern Fortis.

  • Funds Invest In Shipping SPAC

    April 20, 2007

    Satellite Asset Management, HBK Investments and Fir Tree have invested in a newly formed special purpose acquisition company focused on the shipping industry.

  • Gems Advisors Opens Singapore Office

    April 20, 2007

    London-based fund of funds firm Gems Advisors, with $2.5 billion under management, has this month opened an office in Singapore--its first Asian location.

  • Hedge Fund Launch of The Year

    April 20, 2007

    Known for its record-breaking buyout of RJR Nabisco nearly two decades ago, KKR's foray into hedge funds was one of the most talked-about industry events of 2006.

  • Hedge Fund Leader of The Year

    April 20, 2007

    To say that Florian Homm and Sean Ewing's publicly-listed firm has had an eventful year would be an understatement.

  • Institutional Manager of The Year

    April 20, 2007

    Société Générale's $86 billion-plus alternatives arm made big moves to expand its platform of offerings.

  • L.A. Firm Seeks Private Eye

    April 20, 2007

    Edgebrook Partners, a Los Angeles-based investment firm, is seeking to hire a part-time private investigator to prep for a possible private equity fund launch later this year.

  • Living On The Hedge...

    April 20, 2007

    I suppose that I should congratulate those of you who were nominated for the Fifth Annual Hedge Fund Industry Awards--but I won't. For you fund of funds guys, consultants and pension funds may love you, but you wouldn't get a dime from me.

  • Loeb Seeks PDL Chief's Head

    April 20, 2007

    Third Point, the activist hedge fund firm run by Daniel Loeb, is calling for the removal of PDL Biopharma's ceo.

  • Mandate Scoreboard

    April 20, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through April 18.

  • NewAlpha To Seed Asia L/S Start-Up...

    April 20, 2007

    NewAlpha Advisers, the hedge fund seeding arm of Paris-based ADI, will seed a new pan-Asia long/short fund. Singapore-based start-up PegasusAsia will roll out its fund May 1 with $30 million from the French firm, said NewAlpha CEO Nicolas Gomart.

  • Nonprofit Investor of The Year

    April 20, 2007

    Tucked away in Brunswick, Maine, a coastal town of 21,000, the school may not be as well known in the endowment world as its Ivy League counterparts.

  • One Year Ago In Alternative Investment News

    April 20, 2007

    Tudor Investment Corp.'s Chris Gate was preparing to launch an event-driven fund with a $300 million target.

  • Performance Snapshot: Multi-Strategy Hedge Funds

    April 20, 2007

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

  • Pirate Steps Up Aquila Attacks

    April 20, 2007

    Pirate Capital, the activist hedge fund firm run by Tom Hudson, has stepped up its campaign against Aquila.

  • Political Consultant To Hedge Funds Opens Its Doors

    April 20, 2007

    Michael Bagley and Karim Hijazi, former political advisors and Middle Eastern oil specialists, have formed Energy Hedge Funds Group, a Washington, D.C.-based political consultant to hedge fund firms.

  • Public Pension Fund Investor of The Year

    April 20, 2007

    Pension fund experts were duly impressed when the Council was recently able to gain approval for its first hedge fund investments, in spite of the state's contentious political climate.

  • Real Estate Hedge Fund To Open Tokyo Office

    April 20, 2007

    Real estate securities-focused hedge fund firm Woodbourne Investment Management plans to open a Tokyo office in the next couple of months.

  • Sandelman Preps Event-Driven Strat

    April 20, 2007

    Sandelman Partners will launch its second hedge fund strategy, Sandelman Partners Event Driven Fund, next month.

  • Silver Lake To Launch Hedge Fund

    April 20, 2007

    Private equity manager Silver Lake has hired Roger Wittlin from Wells Capital Management to launch a credit investment business that will manage a hedge fund.

  • Sorin Taps Marketing Head

    April 20, 2007

    New York-based Sorin Capital Management has hired former CDC IXIS chief operating officer Kevin Connors to head up its investor relations and marketing team as the firm continues to expand.

  • Start-Up Rolls Out Germany-Focused L/S Fund

    April 20, 2007

    Zurich-based start-up FiveT Capital has launched a long/short fund with a focus on small- and mid-cap German stocks.

  • Swiss Firm Preps FoF

    April 20, 2007

    Zug, Switzerland-based Global Vision Investments plans to launch a fund that can invest across funds of funds and single-manager funds on May 1.

  • WMG Rolls Out Asia Fund

    April 20, 2007

    WMG Limited, Mehmet Dalman's London-based hedge fund firm, has launched a pan-Asia long/short fund and is marketing it with a view to soft-closing it in the summer.


 

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