Stories

  • Colgate-Palmolive Brushing Up on Alternatives

    June 08, 2007

    Colgate-Palmolive's $1.5 billion pension fund is starting a year-long study of hedge funds and other alternatives that will culminate in a decision to invest.

  • KGR Launches China FoF

    June 05, 2007

    KGR Capital has launched one of the first funds of hedge funds focused solely on Greater China.

  • "Chapman Capital is not taking this approach because May flowers have intoxicated me with unalloyed happiness or inexplicable tolerance."

    June 01, 2007

    -- Chapman Capital's Founder Robert Chapman on his fund's "friendly activist" approach to its latest target.

  • Adult Entertainment Firm To Launch Hedge Fund

    June 01, 2007

    Beverly Hills-based AdultVest, a firm that seeks to match adult entertainment businesses with qualified investors, is preparing to launch a hedge fund in the next 45 days.

  • Africa-Focused Fund Seeks Entrepreneurs

    June 01, 2007

    Emerging Capital Partners, a Washington, D.C.-based private equity firm with $1 billion under management, is seeking to partner with African entrepreneurs to deploy a $523 million fund it recently closed.

  • Alexandra Makes Push For Nonprofits

    June 01, 2007

    New York-based hedge fund firm Alexandra Investment Management is embarking on a campaign to grow its business from U.S. foundations, endowments and pension plans and has hired John Hock to spearhead the effort.

  • Alternatives Ring BIMCOR's Bell

    June 01, 2007

    BIMCOR, manager of Bell Canada Enterprises' CAD13 billion pension fund, is considering initial investments in infrastructure, hedge funds and real estate, as well as increasing its exposure to private equity.

  • Altius Launches First FoF

    June 01, 2007

    Private equity manager Altius Associates has launched its first fund of funds to put its capabilities within the reach of smaller investors.

  • AXA IM Seeks Hedge Fund Product Specialist

    June 01, 2007

    AXA Investment Managers is seeking to hire a hedge fund product specialist.

  • Bear Stearns Fund SNAPs 40-Month Win Streak

    June 01, 2007

    The $1.5 billion Bear Stearns High-Grade Structured Credit Strategies fund has hit an unprecedented rough patch, with -3% year-to-date returns through April 30.

  • Chapman Targets Building Co.

    June 01, 2007

    Chapman Capital, the activist hedge fund firm run by Robert Chapman, is calling for Building Materials Holding Corp. to engage an investment bank to explore a sale.

  • Chaucer To Pilgrim Further Into Hedge Funds

    June 01, 2007

    Insurance company Chaucer Holdings is planning to increase its allocation to hedge funds at the expense of its long-only equity investments.

  • Ex-Ivy, Carlyle Duo Launch FoF

    June 01, 2007

    Martin Loeser of Ivy Asset Management and Eric Slaim of The Carlyle Group have formed a fund of hedge funds firm, Great Atlantic Capital Management, based in Miami.

  • Ex-Xerion PM Joins Stillwater ABL Fund

    June 01, 2007

    New York-based hedge fund and fund of funds firm Stillwater Capital Partners has hired Neil Rothenberg of Xerion Capital Partners as a portfolio manager on its Stillwater Loan Opportunities Fund, a new position.

  • Ferro Unveils Healthcare FoF

    June 01, 2007

    New York-, Frankfurt- and Zurich-based Ferro Capital, with about $2 billion under management, has launched its first single-strategy fund of funds and is making a push for assets.

  • Five Years Ago

    June 01, 2007

    Afroz Qadeer, v.p. and manager of several funds of funds at Goldman Sachs, left the firm, one of that year's numerous high-profile departures from the firm.

  • FSI Taps MD For PE Group

    June 01, 2007

    Cincinnati-based Financial Stocks, Inc., an investment firm focused on the securities industry, has hired Gerald Francis as managing director of its private equity group.

  • Galena Launches First Long-Only Fund

    June 01, 2007

    Galena Asset Management, the hedge fund subsidiary of commodities trading firm Trafigura Group, launched its first-ever long-only fund May 1.

  • Galleon Spin-Off Seen Shutting Down

    June 01, 2007

    New York based-Sedna Partners, a healthcare-focused hedge fund firm managed by Paul Yook and Rengan Rajaratnam, is reportedly due to shut its doors after registering poor returns.

  • Highbridge, GLG Positions Boost Thames River FoF

    June 01, 2007

    Thames River Capital's latest investor letter lifts the lid on some of the positions held by its largest fund of hedge funds, the $620 million-plus Thames River Warrior Fund.

  • Juterbock Heads PM Quartet At Recently-Acquired Fairstream

    June 01, 2007

    Thomas Juterbock is one of four lead portfolio managers on Fairstream Capital Management's inaugural hedge fund, a global macro strategy.

  • Leica Eyes Portable Alpha

    June 01, 2007

    The CHF536 million Leica Pensionskasse is planning to introduce portable alpha to its domestic bond portfolio.

  • Living On The Hedge...

    June 01, 2007

    With all the complaints about hedge fund fees these days, it is easy to overlook an institutionalized scam the mutual fund industry has been pulling for over a quarter century.

  • Lloyds TSB Plans First Scottish P/E Office

    June 01, 2007

    Lloyds TSB Development Capital (LDC), the private equity arm of the U.K. banking group, will open its first Scottish office later this year.

  • Mandate Scoreboard

    June 01, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through May 30.

  • Minnesota School Hires Hedge Funds

    June 01, 2007

    The University of St. Thomas in Saint Paul, Minn., has made commitments to three funds of hedge funds, more than doubling its hedge fund allocation to $43 million.

  • Old Mutual Launches Stat Arb Fund

    June 01, 2007

    London-based $12 billion firm Old Mutual Asset Managers launched a statistical arbitrage fund June 1--its 11th hedge fund, as first reported on AIN's web site, iialternatives.com.

  • One Year Ago In Alternative Investment News

    June 01, 2007

    Ian Lancaster and James Follows joined Morley Fund Management from Progressive Alternative Investments in London to manage the unit trust.

  • Owl Creek Set For Northwest Airlines Equity

    June 01, 2007

    Jeff Altman's Owl Creek Asset Management, the activist hedge fund firm that had been battling Northwest Airlines for months, is set to get equity in the air carrier once it emerges from bankruptcy.

  • Pentium Touts Fund Of Illiquid Managers

    June 01, 2007

    Pentium Fund will this month make a push to raise assets for its latest fund of funds, which invests in a concentrated portfolio of managers closed to new investors.

  • Performance Snapshot: Funds of Funds

    June 01, 2007

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

  • Sun Capital On Breakneck Deal Pace

    June 01, 2007

    Sun Capital Partners closed its 17th deal of 2007 last week and is on pace to close more deals this year than any other in its 12-year history.

  • Three Alts Managers Win Motown Cash

    June 01, 2007

    The $3.4 billion Detroit General Retirement System has hired Guidance Capital, EnTrust Capital, and RLJ Asset Management Group to manage an additional $30 million investment in hedge funds and funds of funds, with $10 million going to each new manager.

  • Tudor Invests In Media Co. Via Private Placement

    June 01, 2007

    Tudor Investment Corp. has purchased shares and warrants from digital media company ROO Group through a private placement.

  • Whelan Launches Pair Of Futures Strategies

    June 01, 2007

    Richard Whelan's King's Crossing Capital has added a long-term trading strategy and a short-term, energy-focused fund to the multi-strategy platform it launched last fall.


 

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