Stories

  • "It's a bit hedge fund-light out here."

    May 04, 2007

    --Andy Pfaff, principal of Cape Town-based Trendline Funds, on hedge funds in South Africa.

  • BlueMountain Snags BlackRock Vet For ABS Strat

    May 04, 2007

    New York's BlueMountain Capital Management, a $3 billion hedge fund firm, has hired BlackRock veteran David Burt to co-manage an asset-backed securities fund.

  • Davidson Kemper Carves Out Event-Driven Strat

    May 04, 2007

    Davidson Kempner Capital Management has carved out an event-driven strategy from its multi-strategy offerings and will kick off a new fund in July.

  • Eden Rock Plans U.S. Presence

    May 04, 2007

    Eden Rock Capital Management, the $2.8 billion London-based fund of funds firm, will open an office in New York later this year--its first presence in the U.S.

  • Ex-JPMorgan Marketer Joins Highland

    May 04, 2007

    Vincent Thompson , previously director of marketing at JPMorgan Asset Management, has joined New York-based fund of funds firm Highland Financial Holdings on May 1.

  • Fauchier Plans To Close Illiquid FoF

    May 04, 2007

    Fauchier Partners, the $4.7 billion London-based fund of funds firm, will close its Jubilee Special Situations Fund June 1.

  • First Ave. Plans Seeding Platform

    May 04, 2007

    First Avenue Partners, a London-based alternatives advisory and marketing firm, is planning to launch a seeding platform of early-stage hedge fund managers.

  • Flow CEO Blows Off Loeb

    May 04, 2007

    Flow International's retiring CEO Steven Light has rebuffed Third Point's overtures to join the hedge fund in a plan to acquire the company.

  • Halcyon Hires Researcher

    May 04, 2007

    Isidro Fernandez has joined $10 billion hedge fund firm Halcyon Asset Management from Caja Madrid as co-head of research.

  • Laven To Open Swiss Office

    May 04, 2007

    London-based hedge fund advisory firm Laven Partners is set to open a Swiss office in June.

  • Lightyear Hires Credit Suisse Vet

    May 04, 2007

    New York private equity firm Lightyear Capital has hired Daniel Freyman from Credit Suisse where he was the director of its financial institutions group, advising on mergers and acquisitions and other transactions.

  • Living On The Hedge...

    May 04, 2007

    After last year's Hedgestock 'festival,' at which buck-chasing hedgies pretended they were the natural successors to the hippy generation, it seems the rock 'n' roll mentality still lingers.

  • Lyxor Preps Japan Offshoot

    May 04, 2007

    Lyxor Asset Management, the €65 billion Paris-based alternatives arm of Société Générale, is setting up a subsidiary in Tokyo from which it aims to double its hedge fund assets from Japanese investors.

  • Mandate Scoreboard

    May 04, 2007

    The table below shows in $ millions new allocations gained by alternative managers year-to-date through May 2.

  • Martin Sass, MD Sass

    May 04, 2007

    Formed in 1972, Sass' firm is one of the oldest existing alternative investment firms and today manages nine hedge funds, three private equity funds and an estimated $11 billion total.

  • MD Sass Snags Ex-Morgan Stanley PM

    May 04, 2007

    MD Sass has hired Melissa Sheer of Morgan Stanley to be v.p. of its tax-exempt fixed income division, a new position at the firm.

  • Morgan Creek Seeks Researchers

    May 04, 2007

    New York fund of funds firm Morgan Creek Capital Management is seeking to hire two research professionals to focus on publicly-traded asset classes--equity, bonds, hedge funds and everything else that isn't private equity or real estate.

  • New Buyout Firm Wins With Lower Bid

    May 04, 2007

    Bertram Capital has acquired Power Distribution, after the maker of data center equipment dismissed higher bids from private equity firms and Fortune 500 companies.

  • Owl Creek Buys More Delphi Bonds

    May 04, 2007

    Owl Creek Asset Management, the New York hedge fund firm run by Jeff Altman, has purchased more notes in bankrupt auto parts concern Delphi Corp.

  • Performance Snapshot: Funds of Funds

    May 04, 2007

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

  • Philly To Consider Direct Hedge Fund Investments

    May 04, 2007

    The $4.3 billion Philadelphia Public Employees Retirement System will consider investing in hedge funds directly after it hires a specialist advisor this summer.

  • RCG To Launch L/S Fund

    May 04, 2007

    RCG Capital Partners plans to launch a new strategy, the RCG Global Equity Long/ Short, by the third quarter.

  • Scottish Fund Hampered By Pharma Short

    May 04, 2007

    Glasgow Investment Managers' short position in pharmacy group Alliance Boots held back performance of its long/short equity Glasgow Mackintosh Fund in March.

  • South African CTA Preps Offshore Iteration

    May 04, 2007

    Cape Town-based CTA firm Trendline Funds is gearing up to launch an offshore version of one of its funds.

  • Stadia Strikes Deal With Morgan Stanley

    May 04, 2007

    New York's Stadia Capital has agreed to a 50-50 fee sharing arrangement with Morgan Stanley after being bled of nearly half its assets over the past several months.

  • Tiburon Plans To Grow Asia Ex-Japan Fund

    May 04, 2007

    London-based Tiburon Partners will make its first marketing push for an Asia ex-Japan hedge fund, the Tiburon Taipan Fund.

  • Zeff Scores With Turnaround Plays

    May 04, 2007

    Zeff Holding Company's offshore fund was up 11.38% in the first quarter on the back of some successful turnaround investments.


 

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