Stories

  • "A lot of guys have started up recently, while there's been a raging bull market. They've got no experience of bear markets."

    July 27, 2007

    --Louis Gargour, founder of LNG Capital and ex-director of fixed income at RAB Capital, slamming so-called hedge funds that have been hit by the ongoing turmoil in the credit markets.

  • Adult Entertainment Hedge Fund Adds To Team

    July 27, 2007

    AdultVest, the Beverly Hills-based hedge fund and private equity firm that seeks to match adult-entertainment businesses with qualified investors, has added to its team to manage its hedge fund.

  • Africa-Focused PE Firm Preps Sixth Opening

    July 27, 2007

    Washington, D.C.-based Emerging Capital Partners, the $1.1 billion private equity firm that invests solely in Africa, is preparing to launch its sixth fund.

  • BlueBay Adds Trio To High-Yield Distressed Team

    July 27, 2007

    London's BlueBay Asset Management has hired three senior executives to join its European high yield and distressed management unit.

  • Boston VC To Open San Francisco Office

    July 27, 2007

    HLM Venture Partners, a venture capital firm focused on health care information technology, is preparing to open an office in San Francisco and has hired a new partner, Marty Felsenthal, to head up the office.

  • Cheyne PM Exits

    July 27, 2007

    Ravi Joseph has tendered his resignation as portfolio manager at the London-based hedge fund firm Cheyne Capital Management.

  • Citadel Vets Form Hong Kong Firm

    July 27, 2007

    Chris Hsu and Danny Yong, former high-ranking members of Citadel Investment Groups's Hong Kong office, have founded Abax Capital Partners, a hedge fund firm focused on special situations.

  • Corbin To Launch International FoF

    July 27, 2007

    Corbin Capital Partners will roll out a fund of funds investing with Asian and European hedge funds, including those with exposure to emerging market countries.

  • Farallon Adds Managing Member

    July 27, 2007

    Farallon Capital Management, the San Francisco-based hedge fund firm run by Tom Steyer, has added a 15th managing member.

  • Fixed Income Hedge Funds

    July 27, 2007

    Data provided by Eurekahedge.

  • Gargour Positioned For More Credit Turmoil

    July 27, 2007

    Louis Gargour's London-based hedge fund firm, LNG Capital, is seeking to exploit difficulties in the credit markets and expects the ongoing meltdown to continue.

  • Hedge Fund Managers Well Represented In Art List

    July 27, 2007

    Several well-known hedge fund managers are among the top art collectors in the world, according to a recent list compiled by ARTnews.

  • Hedge Fund-Backed SPACS Debut

    July 27, 2007

    Blank check companies backed by GSC Group and Terrapin Partners have debuted, raising a combined $621 million. GSC Acquisition, the firm's foray into special purpose acquisition companies, pulled in $207 million.

  • Living On The Hedge...

    July 27, 2007

    An occasional column by Logan Short, an astute industry observer. He can be reached at lshort@iinews.com.

  • Loeb Scores With Pogo

    July 27, 2007

    Third Point, the activist hedge fund firm run by Daniel Loeb, is set to walk away with a large gain from its investment in Pogo Producing.

  • Long Island Firm Adds Marketer

    July 27, 2007

    Cedarhurst, N.Y.-based fund of hedge funds firm Penso Capital Markets has hired Shawn Daigle of Berkeley Capital as managing director of marketing and business development.

  • Mandate Scoreboard

    July 27, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through July 25. To report mandates contact Louis Pope at 212-224-3211 or lpope@iinews.com.

  • Mass PE Firm Preps Launch #3

    July 27, 2007

    Springfield, Mass.-based private equity firm Babson Capital Management, a subsidiary of MassMutual Financial Group, is planning to launch its third private equity and mezzanine fund in a year's time, according to Michael Ross, managing director. Ross was hired in mid-June to manage and market the firm's existing Tower Square I and Tower Square Capital Partners II strategies on the West Coast.

  • New Short Strategy Boosts Mont Pelerin

    July 27, 2007

    Mont Pelerin Capital Management's newly-implemented short book produced a 10.2% return last quarter, boosting year-to-date returns to over 11%.

  • One Year Ago In Alternative Investment News

    July 27, 2007

    Harcourt Investing Consulting, the then-$4 billion Swiss fund of funds firm, made its first-ever push for U.S. assets and separately launched an onshore fund of funds for Canadian investors.

  • Perella Weinberg To Launch Hedge Fund

    July 27, 2007

    Perella Weinberg Partners, the corporate advisory and asset management firm formed one year ago by Joseph Perella and Peter Weinberg, is planning to launch a long/short equities hedge fund in October.

  • RAB Hires Marketer From SocGen

    July 27, 2007

    RAB Capital, the $6.7 billion London-based hedge fund firm, has tapped Adry Thomas from Société Générale to join its marketing team.

  • Riley Renews Push For Regent Sale

    July 27, 2007

    Riley Investment Management, the Los Angeles activist hedge fund firm run by Bryant Riley, has renewed its push for a sale of Regent Communications.

  • SAC Adds PM To Media Fund

    July 27, 2007

    Steven Cohen's SAC Capital Partners has hired Mahesh Narayan to manage its global telecommunications and media fund.

  • Silver Creek Adds MD

    July 27, 2007

    New York-based fund of hedge funds firm Silver Creek Capital Management has hired Stephen Prince as managing director.

  • Steel Scores With Stratos Play

    July 27, 2007

    Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, has cashed out of Stratos International with a healthy gain.

  • Thames River FoF Gains With Paulson Sub-Prime Short

    July 27, 2007

    Thames River Capital's opportunistic fund of funds, the Warrior Fund, gained ground in June thanks to a position in an event-driven strategy managed by Paulson & Co. Paulson Advantage Plus benefited from a large short sub-prime mortgage exposure to return 18.52% in the month, according to a Thames River investor letter.

  • Tiburon Profits From Property, Computer Stocks

    July 27, 2007

    Tiburon Partners, a London-based firm focused mainly on Asia, has taken profits in its holding of a Chinese property developer.

  • U.S. Search Digest

    July 27, 2007

    The $12.5 billion FedEx Corp. pension plan intends to implement a selection of liability-driven investment strategies by year-end.

  • Vector Closes Fund At $1.2 Billion

    July 27, 2007

    Vector Capital has closed its latest fund, Vector Capital IV, at $1.2 billion, over three times the $350 million size of its predecessor.

  • Wash. Firm Plans Frontier Markets Strat

    July 27, 2007

    Investment Frontiers Research in University Place, Wash., is preparing the launch of a frontier markets hedge fund, its first strategy.


 

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