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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.
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July 10, 2007
Kevin Griffin, a managing director at Fortress Investment Group, has joined Octavian Advisors.
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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.
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July 06, 2007
--Odyssey Value Advisors Managing Partner Bill Vlahos on his decision to agitate Golf Trust of America.
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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.
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July 06, 2007
Genstar Capital and Boston Ventures are looking to beat out buyout competition to the emerging life settlement industry.
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July 06, 2007
Martin Curiel has joined San Diego, Calif.-based Denali Advisors as its first v.p. of marketing.
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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.
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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.
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July 06, 2007
The then $1.4 billion San Joaquin County Retirement System was considering making its first investments in hedge funds.
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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.
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July 06, 2007
Hong Kong-based Pinpoint Asset Management has closed its original long/short strategy to new investors.
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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.
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July 06, 2007
The table below shows new allocation commitments gained by alternative managers year-to-date through July 5.
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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.
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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.
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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.
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July 06, 2007
Gary Vaughan-Smith, the well-known head of ABN AMRO Asset Management's alternative investment group, departed the firm.
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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.
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July 06, 2007
The table below displays some of last month's top performing fund of funds managers, according to data
provided by Eurekahedge.
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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.
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July 06, 2007
Pirate Capital, the activist hedge fund firm run by Tom Hudson, is going after linen launder Angelica Corporation again.
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July 06, 2007
Russian asset manager Renaissance Investment Management plans to launch its first Africa fund in September, with initial commitments of $100 million.
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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.
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July 06, 2007
SGAM Alternative Investments, the alts group of French bank Société Générale, is launching a series of Shariah-compliant funds.
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July 06, 2007
Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, is pressing IKON Office Solutions to conduct a share repurchase.
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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.