Stories

  • Ex-Citigroup MDs To Launch Hong Kong Fund

    May 21, 2007

    A team of former Citigroup managing directors have formed First Horse Capital with plans to launch a maiden global equity fund June 1.

  • "[It's] a little dull compared to its sexier sister."

    May 18, 2007

    --Steve Solmonson, president at London's Park Place Capital, acknowledging that his firm's flagship European long/short fund trails its more concentrated version when it comes to performance.

  • Allegiant To Launch First Hedge Funds

    May 18, 2007

    Allegiant Asset Management is considering launching hedge funds or funds of funds for the first time, most likely by acquiring an established boutique firm.

  • Brencourt Multistrat, Event-Driven Fund Returns 11%

    May 18, 2007

    New York hedge fund firm Brencourt Advisors' multi-strategy event-driven fund has returned over 11% through May 4.

  • Bristol Firm Plots Institutional Push

    May 18, 2007

    Bristol-based Beagle Partners is planning to make its first significant push for institutional assets since launching a long/short emerging market equity fund almost three years ago.

  • Calamos Starts Market Neutral Fund

    May 18, 2007

    Calamos Partners, the $43 billion convertible bond shop run by John and Nick Calamos, has launched an equity market neutral fund.

  • Cape Town Firm Plans Offshore Fund

    May 18, 2007

    Clear Horizon Capital, a Cape Town-based hedge fund firm, will roll out an offshore version of its Southern Africa-focused long/short fund in the third quarter.

  • Chapman To Glenayre CEO: I'll Sue You

    May 18, 2007

    Chapman Capital, the activist hedge fund firm run by Robert Chapman, has sent a warning to Glenayre Technologies CEO James Caparro that it may sue the executive if he exchanges what Chapman deems to be "options" in a subsidiary for company stock.

  • Citadel Seeks Pow Wow With Tech Co.

    May 18, 2007

    Citadel Investment Group, the well-known hedge fund firm run by Ken Griffin, is seeking a sit down with the board of 3COM Corporation.

  • Ex-Merrill Lynch CIO Joins Optima

    May 18, 2007

    Fabio Savoldelli, previously of Merrill Lynch, joined Optima Fund Management as managing director last Monday. He will report to Dixon Boardman, founder of the $6 billion fund of hedge funds firm.

  • Fortress Increases Credit Agreement

    May 18, 2007

    Fortress Investment Group has increased its credit agreement to $1 billion.

  • Harcourt Preps Leveraged Class For ABL FoF

    May 18, 2007

    Next month Harcourt Investment Consulting will launch a 2x leveraged share class for its asset-based lending fund of funds.

  • Ilex Targets Japan

    May 18, 2007

    London-based credit firm Ilex Asset Management is targeting Japanese investors for the first time.

  • Japan FoF To Launch Second Asian Strategy

    May 18, 2007

    Rogers Investment Advisors' Wolver Hill Japan Multi-Strategy Fund, a fund of Japanese hedge funds, will be launching a multi-strategy Pan-Asia fund focusing on the Asian space from Tokyo, Bombay and Sydney.

  • Living On The Hedge...

    May 18, 2007

    Are hedge funds an asset class? Would you be ready to throw down to defend your opinion?

  • London P/E Firm Seeks Investment Pros

    May 18, 2007

    London-based private equity firm RJD Partners is seeking to grow its investment team with two additional hires.

  • Lyxor Debuts Uncorrelated FoFs With Weekly Liquidity

    May 18, 2007

    Lyxor Asset Management, the E65 billion arm of Société Générale, has launched a fund of funds designed to be completely uncorrelated to equity markets, and offering investors weekly liquidity.

  • Malaysian Fund Ups Private Equity

    May 18, 2007

    Malaysia's approximately $92 billion Employees Provident Fund is broadening its exposure to private equity as well as property and overseas equity.

  • Mandate Scoreboard

    May 18, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through May 16.

  • MD Sass Launching New PE Fund

    May 18, 2007

    The $11 billion hedge fund and private equity firm MD Sass is planning to launch its seventh private equity fund next month.

  • One Year Ago In Alternative Investment News

    May 18, 2007

    In efforts to conserve capacity for Bridgewater Associates' long-only fund All Weather and to ensure asset allocations weren't ballooned, Ray Dalio closed its flagship Pure Alpha strategy to new money.

  • Park Place Eyes Close For Flagship Fund

    May 18, 2007

    London-based Park Place Capital is gearing up to close its flagship European long/short equity fund. Park Place Europe holds just under $300 million and will be soft-closed at $350-400 million, followed by a hard close at $500 million, said Steve Solmonson, president.

  • Pentium Plans Oil, Gold & Real Estate FoF

    May 18, 2007

    Pentium Fund, the Swiss firm led by Vicente Zaragoza, is planning a concentrated fund of funds focused entirely on oil, gold and real estate.

  • Performance Snapshot: Global Macro Funds

    May 18, 2007

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

  • Santa Fe Firm Makes Marketing Push

    May 18, 2007

    Santa Fe-based New World Capital Management is making its first-ever marketing push.

  • South African Firm Plans European Quant Fund

    May 18, 2007

    Cape Town-based Peregrine Investment Managers is planning to launch a European version of its South African quantitative trading fund later in the year.

  • Swedish Local Authority Eyes Alts Increase

    May 18, 2007

    Sweden's Landstinget Gävleborg will kick off an investment review of its approximately E180 million pension scheme this week with a view towards increasing its alternatives allocation by 5-7%, likely in private equity, hedge funds and real estate.

  • Trio Departs Credit Suisse

    May 18, 2007

    Thomas Trauth, head of marketing, Doug Rothstein, head of research for emerging markets and Gotz-Boto Druschke, head of customized solutions, all departed Credit Suisse earlier this month.

  • Windy City Fund Seeks Launch, Reopens Pre-Event Driven

    May 18, 2007

    Chicago-based Simran Capital Management is researching for its second fund launch, which it expects within the next several months.


 

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