Stories

  • Apollo’s Penn Starts BDC

    April 30, 2007

    Art Penn, the co-founder, ex-president and chief operating officer of Apollo Investment Management, has set up a firm to manage a business development company.

  • "It's the world's largest currency pair, it's within two ticks of an all-time high, and no one cares."

    April 27, 2007

    --A trader at a European firm on the recent direction of the U.S. dollar/euro currency pair.

  • Act II Rides Online Advertisers To Gains

    April 27, 2007

    New York's Act II Partners, a long/short hedge fund firm focused on media stocks, has booked gains of 16.5% in its main fund this year, partly due to long positions in online advertising companies.

  • Acuity Adds Converts Trader

    April 27, 2007

    Greenwich, Conn., convertible arbitrage firm Acuity Capital Management has hired Salma Gaya from Credit Suisse's convertibles desk in New York.

  • Boeing To Increase Alts

    April 27, 2007

    Boeing Co. is planning to increase its exposures to real estate, private equity and other alternatives at the expense of public equity.

  • Cairn Readies Japan Push

    April 27, 2007

    Cairn Capital is making a push into the Japanese market.

  • Carmignac Considers More Hedge Funds

    April 27, 2007

    Paris-based Carmignac Gestion, the E10 billion-plus asset management firm that launched its first long/short fund in January, is considering more hedge fund strategies.

  • CPP Eyes P/E Increase

    April 27, 2007

    The Canada Pension Plan Investment Board, which handles the CAD110.8 billion Canada Pension Plan, is seeking to increase its allocation to private equity.

  • Dalton Starts Private Client Group

    April 27, 2007

    Dalton Strategic Partnership, which manages $3.3 billion in hedge fund and long-only assets, has started a private client group.

  • Euro/Dollar Highs Fail To Pique Vol

    April 27, 2007

    The euro testing all-time highs against the U.S. dollar last week still failed to stimulate an uptick in implied volatility.

  • Everest Funds Rebound

    April 27, 2007

    Everest Capital's two largest and longest-running strategies, Everest Capital Global and Everest Capital Emerging Markets, have rebounded this month and are now in positive territory year-to-date.

  • Five Years Ago

    April 27, 2007

    The $1.3 billion Northwestern Memorial Hospital had begun its search for a consultant to advise on its alternative investment strategy and to search for additional hedge fund managers to handle upwards of $39 million.

  • Former SAC PM Starts Hedge Fund Firm

    April 27, 2007

    Ex-SAC Capital Management portfolio manager Arvind Sanger has founded hedge fund firm GeoSphere Capital Management and launched a long/short equity hedge fund.

  • Fortress Changes Balance Sheet

    April 27, 2007

    Fortress Investment Group has made changes to its balance sheet that allow it to report all its fee income separately.

  • Harcourt Preps Illiquid Commodity Fund

    April 27, 2007

    Zurich-based Harcourt Investment Consulting, with around $4.5 billion under management, is readying a fund of funds focused on commodities--the most illiquid fund the firm has ever launched.

  • Havens Taps IR Head

    April 27, 2007

    The $350 million Havens Advisors has hired Richard Goldstein to head up its investor relations team.

  • Loeb Mulls Flow International Bid

    April 27, 2007

    Third Point, the activist hedge fund firm run by Daniel Loeb, wants to make an offer to purchase Flow International, a company in which it already owns 13.6% of the shares.

  • London Advisory Firm Plans U.S., Asian Offices

    April 27, 2007

    First Avenue Partners, a London-based alternatives advisory and marketing firm, is planning to open offices in the U.S. and Asia.

  • Mandate Scoreboard

    April 27, 2007

    The table below shows in $ millions new allocations gained by alternative managers year-to-date through April 25.

  • NYLIM Makes 130/30 Push

    April 27, 2007

    New York Life Investment Management is making a push into the 130/30 market.

  • Okumus Makes ACS Play

    April 27, 2007

    Okumus Capital, the hedge fund firm run by Ahmet Okumus, gained from selling its shares in Affiliated Computer Services in March.

  • One Year Ago In Alternative Investment News

    April 27, 2007

    Park Hill Group hired Pat Daly, Alexander Moomjy and Peter Mayer of Credit Suisse to manage its hedge fund investments.

  • Performance Snapshot: Global Macro Funds

    April 27, 2007

    The table below displays some of last month's top performing global macro funds, according to data provided by Eurekahedge.

  • Pirate Hawks Buttons To Protest Aquila Deal

    April 27, 2007

    In yet another unusual move, Pirate Capital is protesting the sale of Aquila to Black Hills Corporation and Great Plains Energy by giving away free buttons.

  • Platinum, Construction Longs Boost J O Hambro Asia Fund

    April 27, 2007

    J O Hambro Investment Management's long/short Asia Tai Chi Fund benefited in March from long positions including a platinum producer, a crane leasor and a cement maker.

  • Proxima Preps L/S Equity Strat

    April 27, 2007

    Proxima, the $2.5 billion alternative investment firm partially owned by Vega Asset Management, will launch its 11th hedge fund on May 1.

  • Thames River To Move Into Currency

    April 27, 2007

    London-based Thames River Capital, with over $10 billion under management, will make its first-ever foray into currency strategies tomorrow.

  • Tiburon Preps Greater China Fund

    April 27, 2007

    London-based Tiburon Partners will launch its fifth fund on May 1.

  • Tribune Widens On Poor Performance News

    April 27, 2007

    The price of default protection on Tribune Co. moved out 32 basis points to 395 bps last week as the company revealed earnings have deteriorated more quickly than expected.

  • York Debuts Asia Fund

    April 27, 2007

    York Capital Management has joined the rush to Asia, launching York Asian Opportunities Fund.


 

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