Stories

  • Goldman To Lead $3 Billion Infusion Into Struggling Fund

    August 13, 2007

    Goldman Sachs is leading a $3 billion equity investment in its struggling Global Equity Opportunities quant hedge fund.

  • AQR’s Quant Fund Drops 13%

    August 13, 2007

    AQR Capital Management 's quantitative hedge fund is down 13% so far this month.

  • "We've still got plenty of wood to chop."

    August 10, 2007

    --Point Clear Capital Management Co-Founder Jim Hunter, on credit spreads, which he sees halfway through a six-month widening period.

  • 'Bama Firm Rides CDS Positions To Big Gains

    August 10, 2007

    Point Clear Capital Management, a Fairhope, Ala., fixed income hedge fund firm, last month posted double-digit returns across all three of its strategies, including a record 35% in one, the Alpha 150 Fund.

  • BlueMountain Launches Long/Short Credit Fund

    August 10, 2007

    BlueMountain Capital Management has launched a $160 million fund that will take advantage of the recent compression of spreads between corporate loan spreads and unsecured high-yield debt.

  • BNY Eyes Hedge Fund Offerings

    August 10, 2007

    BNY ConvergEx Group is planning to develop new services for hedge funds, its largest client base.

  • BofA Unit To Launch Hedge-Like Funds

    August 10, 2007

    Columbia Asset Management, the money management arm of Bank of America, is planning to launch several alternatives strategies, including 130/30, 120/20 and portable alpha, as it expands the group created by the merger with U.S. Trust.

  • Brevan Howard Adds CS Pro To Head CDO Biz

    August 10, 2007

    Brevan Howard has hired Stephane Diederich, head of European equity derivatives product management at Credit Suisse in London, to set up an alternative collateralized debt obligation business.

  • Canadian Start-Up Gets Billionaire's Backing

    August 10, 2007

    Toronto-based hedge fund firm T.I.P. Wealth Manager has received financial backing from Canadian billionaire Murray Edwards.

  • CDC Appoints Three Senior Directors

    August 10, 2007

    CDC Group, a U.K. Government-owned emerging market private equity fund of funds with assets of £2billion, has appointed three senior directors.

  • David Tice Braces For Commodities Reversal

    August 10, 2007

    David W. Tice and Associates, the firm led by short-seller David Tice, is preparing for a reversal in natural resources markets.

  • European Search Digest

    August 10, 2007

    The £1.4 billion ALSTOM pension scheme has made a £100 million maiden foray into two long/short equity hedge funds run by Goldman Sachs Asset Management and Analytic Investment Management, respectively...Iceland's Kjolur Lifeyrissjodur will consider increasing its stake in alternative investments after the four pension funds that will comprise it merge by the end of this month.

  • Ex-Goldman Duo Launches China Strat

    August 10, 2007

    Xiong Xiong and Vincent Ee of Goldman Sachs have co-founded Singapore-based Libra Capital Management and launched the Libra Greater China Fund, a long/short equity strategy that invests in Greater China. Ee declined to comment.

  • Horizon21 Seeks Analyst In Slovakia

    August 10, 2007

    Rainer-Marc Frey's Swiss firm, Horizon21 Alternative Investments, is seeking to hire an investment analyst for its growing Bratislava office.

  • KGR To Offer Greater China Fund To Investors

    August 10, 2007

    KGR Capital, the London- and Hong Kong-based fund of hedge funds firm, will target investors with a Greater China fund for the first time in September.

  • Lawndale Attacks Electric Manufacturing Co.

    August 10, 2007

    Lawndale Capital Management, the Mill Valley, Calif.-based hedge fund firm run by Andrew Shapiro, has launched an offensive against electronic manufacturing company Sparton Corp.

  • Magnum Kicks Off China Fund

    August 10, 2007

    Nassau- and Miami-based Magnum Fund Management has partnered with Baron Asset Management to roll out a Greater China long/short equity fund.

  • Mandate Scoreboard

    August 10, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Aug. 8

  • Morgan Stanley Gets Ex-HSBC Sales Head

    August 10, 2007

    Jamie Murray, ex-head of institutional sales and business development at HSBC Alternative Investments in London, has joined Morgan Stanley's alternative investment products group as an executive director.

  • N.Y. Fixed Income Shop Plots Equities Foray

    August 10, 2007

    New York hedge fund firm Nexstar Capital Partners, whose existing fund focuses on corporate credit in Latin America and Russia, is in the early stages of planning an equities-focused fund.

  • N.Y. Startup Preps Launch Of Credit Fund

    August 10, 2007

    New York-based Deister Capital Fund is preparing the launch of its first fund, Deister Capital Master Fund, which will focus on corporate paper, trading large credit default swaps and loans.

  • Odey Readies Asia Fund

    August 10, 2007

    Odey Asset Management, the $4.3 billion London-based firm led by Crispin Odey, is preparing to unveil an Asia ex-Japan long/short equity fund.

  • One Year Ago In Alternative Investment News

    August 10, 2007

    French fund of funds firm Lyxor Asset Management was making its first ever push for U.S. onshore assets.

  • Performance Snapshot: Funds of Hedge Funds

    August 10, 2007

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

  • P-Solve Hires Quant

    August 10, 2007

    London-based P-Solve Alternative Investments has hired a quantitative risk manager.

  • San Diego Firm Spikes Launch Plans

    August 10, 2007

    San Diego-based Life Settlement Solutions' plans for launching a Dublin-domiciled hedge fund were halted due to conflicting commitments involving the firm's service advisory business.

  • Stanford Quant Firm Forms Advisory Board

    August 10, 2007

    Palo Alto, Calif.-based QMHF Capital Management, a quantitative hedge fund firm established by a pair of PhD candidates in Stanford University's computational mathematics program, has established a five-person advisory board.

  • Thames River Currency FoF Takes Early Loss

    August 10, 2007

    Thames River Capital's new leveraged fund of currency funds has had a shaky start and was down 1.14% in its first two months.

  • Trinad Pursues Board Seats At Video Game Maker

    August 10, 2007

    Trinad Management, which owns 6.6%of NTN Buzztime, is seeking board seats at the company.

  • U.S. Search Digest

    August 10, 2007

    Lipscomb University's $81 million endowment decided on Aug. 3 to carve out a 10% allocation to long/short equity.

  • Venezuela FoF Firm Plans New Fund

    August 10, 2007

    Caracas-based fund of hedge funds firm AV Asset Management plans to launch its second fund, to invest in long/short and merger arbitrage strategies.

  • York Delves Into Private Equity

    August 10, 2007

    York Capital Management is preparing to launch its first private equity fund, focusing on distressed companies.


 

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