Stories

  • Tuckerbrook Creates Fee Structure For Short Managers

    July 11, 2007

    The Marblehead, Mass., firm has rolled out a first-of-its kind “short alpha” fee structure that will allow investors to make concentrated allocations to managers’ short books.

  • Fortress MD Leaves For Octavian

    July 10, 2007

    Kevin Griffin, a managing director at Fortress Investment Group, has joined Octavian Advisors.

  • Return Smoothing Rampant At ABS/MBS Hedge Funds

    July 09, 2007

    A third of hedge funds investing in illiquid strategies, such as those involving mortgage- and asset-backed securities, are found to be smoothing returns, according to a survey.

  • "I've never seen a situation where a stock has gone down so much and management has benefited so much[...]enough is enough."

    July 06, 2007

    --Odyssey Value Advisors Managing Partner Bill Vlahos on his decision to agitate Golf Trust of America.

  • BlackRock Sours On U.S. Equities

    July 06, 2007

    Viewing the recent acceleration in U.S. growth as a "one-off," BlackRock Investment Management researchers expect underperformance from U.S. equities in the second half of this year.

  • Buyout Shops Look To Life Settlements

    July 06, 2007

    Genstar Capital and Boston Ventures are looking to beat out buyout competition to the emerging life settlement industry.

  • Denali Adds First Marketer

    July 06, 2007

    Martin Curiel has joined San Diego, Calif.-based Denali Advisors as its first v.p. of marketing.

  • Distressed Africa Hedge Fund Rolls Out

    July 06, 2007

    Marshall Islands-based CI Fund Management has teamed up with Bahamas-based Africa Alpha Capital to launch Africa Alpha Fund, a hedge fund investing in African nations' distressed debt.

  • European Search Digest

    July 06, 2007

    The National Pensions Reserve Fund, the €20.7 billion Irish reserve fund, is to tender its first infrastructure mandate this summer, worth over €400 million.

  • Five Years Ago

    July 06, 2007

    The then $1.4 billion San Joaquin County Retirement System was considering making its first investments in hedge funds.

  • Frey's Firm Prepares To Close Resources Fund

    July 06, 2007

    Rainer-Marc Frey's Horizon21 Alternative Investments plans to close its commodities fund of funds to investment at the end of the month.

  • Hong Kong Fund Closes To New Investors

    July 06, 2007

    Hong Kong-based Pinpoint Asset Management has closed its original long/short strategy to new investors.

  • Lawndale Peppers Mace Over Governance

    July 06, 2007

    Lawndale Capital Management, the Mill Valley, Calif.-based hedge fund firm run by Andrew Shapiro, is agitating Mace Security International, makers of the self-defense pepper spray.

  • Mandate Scoreboard

    July 06, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through July 5.

  • MD Sass Launches New ABS Strat

    July 06, 2007

    The $11 billion hedge fund and private equity firm MD Sass has launched Waterfall Victoria, its second hedge fund that will invest in asset-backed securities.

  • Och-Ziff To Open Beijing Office

    July 06, 2007

    Och-Ziff Capital Management Group, the $27 billion firm run by Dan Och, will open an office in Beijing later this year and will use proceeds from its planned initial public offering to fund further geographic expansion.

  • Odyssey Cries Foul Over Golf Course Sale

    July 06, 2007

    San Francisco hedge fund firm Odyssey Value Advisors is taking issue with Golf Trust of America's decision to sell the Innisbrook Resort and Golf Club to an entity controlled by billionaire Sheila Johnson.

  • One Year Ago In Alternative Investment News

    July 06, 2007

    Gary Vaughan-Smith, the well-known head of ABN AMRO Asset Management's alternative investment group, departed the firm.

  • 'Other Ports' Search Digest

    July 06, 2007

    Korea's National Pension Service is seeking to invest $70-75 million in Asian real estate funds and is also considering pilot investments in infrastructure.

  • Performance Snapshot: Funds of Hedge Funds

    July 06, 2007

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

  • Pershing Square Hires Cyrus Vet

    July 06, 2007

    Pershing Square Capital Management, a New York activist hedge fund managed by Bill Ackman, has hired Doreen Mochrie as an executive v.p.

  • Pirate Renews Offensive Against Angelica

    July 06, 2007

    Pirate Capital, the activist hedge fund firm run by Tom Hudson, is going after linen launder Angelica Corporation again.

  • Russian Firm Preps Africa Foray

    July 06, 2007

    Russian asset manager Renaissance Investment Management plans to launch its first Africa fund in September, with initial commitments of $100 million.

  • Scandium Eyes FoF Soft-Close

    July 06, 2007

    Copenhagen-based Scandium Asset Management is gearing up to soft-close its fund of hedge funds--the first to be made available to Danish investors.

  • SGAM To Launch Series Of Shariah Funds

    July 06, 2007

    SGAM Alternative Investments, the alts group of French bank Société Générale, is launching a series of Shariah-compliant funds.

  • Steel Calls For Photocopier Co. Buyback

    July 06, 2007

    Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, is pressing IKON Office Solutions to conduct a share repurchase.

  • U.S. Search Digest

    July 06, 2007

    The $1.9 billion Cummins Inc. pension fund is considering hedge funds and also aims to reach a 10-15% target allocation to real estate/private equity within the next two years.


 

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