Stories

  • Grant Thornton Cautions Over New IRS Regs.

    August 23, 2007

    David Simonetti, senior manager in Grant Thornton’s compensation and benefits group, warns about unresolved issues related to guidance on IRS Section 409A regulations.

  • Long Island Firm Seeks Managers, Investors

    August 23, 2007

    Cedarhurst, N.Y.-based fund of hedge funds Penso Capital Markets is seeking to add managers to its portfolio.

  • Rhombus To Launch Best Ideas Fund

    August 23, 2007

    New York’s Rhombus Capital Management is seeking outside investments for its best ideas fund, Dark Horse, expected to roll out by the end of the year.

  • TGM Hires London Marketer

    August 23, 2007

    London- and Brisbane-based Tactical Global Management has hired Sarah Kureemun to undertake marketing and client service to investors in Europe and North America.

  • 3A Plans Marketing Push For Re-branded Asia Fund

    August 22, 2007

    3A, the alternatives arm of Swiss banking group Syz & Co., will make a push in the next few months to grow assets in an Asian fund of hedge funds.

  • 3A Plans Marketing Push For Re-branded Asia Fund

    August 22, 2007

    3A, the alternatives arm of Swiss banking group Syz & Co., will make a push in the next few months to grow assets in an Asian fund of hedge funds.

  • Brazilian Firm To Launch Second FoF, Adds Trader

    August 22, 2007

    San Palo-based fund of hedge fund firm Safdie Private Banking is preparing to launch its second fund of hedge funds in early 2008.

  • Frankfurt Firm Eyes More Hedge Funds

    August 22, 2007

    Nauerz & Noell, a EUR100 million Frankfurt-based hedge fund firm, is planning to launch more funds.

  • Mellon Taps Watson Wyatt Analyst

    August 22, 2007

    Mellon Global Alternative Investments has hired Sean Benson from Watson Wyatt as a research analyst.

  • Pa. Firm Seeks Marketer

    August 22, 2007

    Chadds Ford, Pa., hedge fund firm Clarke Bennitt is seeking a third-party marketing firm to propel its fundraising efforts.

  • Ex-Highland Traders Launch L/S Fund

    August 20, 2007

    Eric Leopold and JD Gershan, formerly traders at Highland Capital Management, have left to form hedge fund firm Octane Capital Partners in New York.

  • Forsyth To Offer P/E Fund To Investors

    August 20, 2007

    Forsyth Partners, the Croydon, Surrey-based fund of funds firm, will make a first push for assets with its private equity fund later this year.

  • Stenham Seeks U.K. Marketer

    August 20, 2007

    Stenham Asset Management, the wealth management firm that manages $2.2 billion in funds of hedge funds, is planning to hire a marketer who will focus on promoting the firm’s funds and advisory services to U.K. investors.

  • "To be hurt in currencies, interest rates and stocks would have been unpleasant. But to lose 5% from crops and 2.5% from livestock is the icing on the cake."

    August 17, 2007

    --Colin Lloyd, head of investor relations at Mulvaney Capital Management, on the fund's worst-ever monthly return, which occurred last month.

  • Andor Vets To Launch Asian Equities Fund

    August 17, 2007

    Yasushi Nakahara and Edward Sun, former principals at Andor Capital Management, have co-founded BlackShip Capital Management in San Mateo, Calif., and are preparing to launch its maiden hedge fund by the end of September.

  • Calif. Start-Up Breaks Even On Long Energy Bets

    August 17, 2007

    Sacramento, Calif.-based Stowe Partners, a hedge fund firm founded by a former geologist, has avoided the carnage caused by the credit crisis by taking long bets in oil service companies, refineries, natural gas, and water-related investments.

  • Citigroup Marketer Sets Up Consulting Firm

    August 17, 2007

    Audrey Seybert, a former investor relations pro at Citigroup in New York, is starting her own hedge fund consulting firm in San Diego.

  • Eos Plots Distressed Launch

    August 17, 2007

    The $2.6 billion hedge fund and private equity firm Eos Partners is in the early stages of planning a distressed debt fund to launch this fall.

  • Film Fund Targets Nonprofits

    August 17, 2007

    Partisan Media Group is seeking to raise $50 million for an independent film private equity fund and is pitching the offering to foundations and endowments.

  • Five Years Ago

    August 17, 2007

    Under President Joel Katzman, JPMorgan Alternative Asset Management boosted assets to $4 billion from $2.6 billion.

  • Gerken Lines Up Launches

    August 17, 2007

    San Francisco-based Gerken Capital is preparing to launch a slew of emerging market hedge funds.

  • German Firm Preps L/S U.S. Fund

    August 17, 2007

    Frankfurt-based Nauerz & Noell, with €100 million under management, will launch a U.S. long/short equity fund in the next two months.

  • Homm Dodges Brunt Of Market Sell-Off

    August 17, 2007

    Absolute Capital Management, the hedge fund firm co-founded by Florian Homm, avoided losses in most of its funds during July by assuming more defensive positions in the face of a sell-off in financial markets.

  • Investors Staying Put In Quant Hedge Funds

    August 17, 2007

    Consultants and institutional investors are keeping a stiff upper lip in the face of hedge fund setbacks.

  • Korean Insurer To Move Further Into Alts

    August 17, 2007

    Korea Life Insurance is seeking to invest an additional $400 million in international alternative assets before the end of the year.

  • Living On The Hedge...

    August 17, 2007

    It's scary how certain Wall Street rumors end up eventually ringing true.

  • Long Vol Bets Pay Off For Conquest

    August 17, 2007

    New York's Conquest Capital Group returned 11.57% in its macro strategy last month as volatile financial markets played into the firm's hands.

  • Mandate Scoreboard

    August 17, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Aug 15.

  • Mid-Market Firm Shopping Five Companies

    August 17, 2007

    The Riverside Company is in the process of exiting at least five companies.

  • MKP To Reopen Credit Funds

    August 17, 2007

    New York-based MKP Capital Management is reopening three of its hedge funds, two of which are credit-focused, to investors on Sept. 1.

  • Mulvaney Records Largest Monthly Loss

    August 17, 2007

    London-based Mulvaney Capital Management suffered its worst-ever month in July.

  • Odey Opens Up Active Trading Strategy

    August 17, 2007

    Crispin Odey's $4.3 billion Odey Asset Management is targeting investors with its first trading hedge fund, a departure from the firm's fundamental strategies.

  • One Year Ago In Alternative Investment News

    August 17, 2007

    Pirate Capital, the activist hedge fund firm managed by Tom Hudson, was facing draw downs after negative returns dropped assets from a peak of $1.87 billion at the end of March to $1.5 billion.

  • ORIX Venture Finance Hires Principal

    August 17, 2007

    The venture capital arm of Dallas investment bank ORIX USA has hired Jeffrey Bede as principal in its Washington, D.C., office.

  • Performance Snapshot: Long/Short Hedge Funds

    August 17, 2007

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

  • SAC To Reopen Multi-Strat Fund

    August 17, 2007

    Steven Cohen's $14 billion SAC Capital Management is planning to reopen its multi-strategy hedge fund to new investors Oct. 1.

  • SSgA To Launch European 130/30 Fund

    August 17, 2007

    State Street Global Advisors plans to launch a 'short-extension' European equities fund in the fourth quarter to complement its existing "Edge" strategies, which have a total of $10 billion under management globally.

  • Torrey Seeks Office Space Abroad

    August 17, 2007

    New York-based fund of hedge funds firm Torrey Associates is in early discussions about opening a second office abroad as it seeks to expand research coverage.

  • Tricom Gears Up For Offshore Fund

    August 17, 2007

    Sydney-based Tricom Investment Management, with AUD120 million under management, is preparing to launch an offshore version of its Chairman Select Portfolio, an Australian long/short equity fund.

  • U.S. Search Digest

    August 17, 2007

    Texas Christian University's $1.2 billion endowment will examine its exposure to hedge funds over the next six-to-12 months.


 

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