• ACM’s Ewing Departs

    August 30, 2007

    Sean Ewing has left Absolute Capital Management, the firm he founded with Florian Homm and Ullrich Angersbach five years ago.

  • Dyment Departs Deutsche

    August 27, 2007

    John Dyment, global head of the hedge fund capital group at Deutsche Bank, has resigned to join Greenwich, Conn., hedge fund firm Shumway Capital Partners

  • SG To Launch Multi-Strat Fund From Prop Biz

    August 24, 2007

    SG Corporate & Investment Banking is in the process of creating a multi-strategy hedge fund that will include strategies run by some of its proprietary traders. The idea is to attract external investors on the back of SG’s reputation for equity derivatives trading.

  • "The only problem is statistics tell us a lot about the past but not a lot about the future."

    August 24, 2007

    --Horton Point Founder Dimitri Sogoloff on the inherent flaw of statistical arbitrage quantitative strategies.

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

    August 24, 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.

  • Baylor Eyes Risk Reduction, Inflation Hedges

    August 24, 2007

    Baylor University's roughly $1 billion endowment is planning to increase its risk reducing and inflation hedge buckets.

  • Brazilian Firm To Launch Second FoF, Adds Trader

    August 24, 2007

    San Palo-based fund of hedge fund firm Bank Safdié is preparing to launch its second fund of hedge funds in early 2008.

  • Citadel Feasts On Chinese Convertibles

    August 24, 2007

    Citadel Investment Group, the hedge fund fortress run by billionaire manager Ken Griffin, has participated in four convertible private placements by Chinese companies this year totaling $220 million.

  • Ex-Highland Traders Launch L/S Fund

    August 24, 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.

  • Five Years Ago

    August 24, 2007

    The Massachusetts Public Employees Retirement Administration Commission (PERAC) submitted a proposal to allow the state's public funds to invest in hedge funds for the first time.

  • FoFs Seek To Benefit From Credit Turmoil

    August 24, 2007

    Funds of hedge funds are trying to turn the credit crisis to their advantage by snapping up newly available capacity in single-manager funds.

  • Forsyth To Offer P/E Fund To Investors

    August 24, 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.

  • Frankfurt Firm Eyes More Hedge Funds

    August 24, 2007

    Nauerz & Noell, a €100 million Frankfurt-based hedge fund firm, is planning to launch more funds.

  • Grant Thornton Cautions Over New IRS Regs.

    August 24, 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.

  • IPM Has L/S Index Fund In Its Sights

    August 24, 2007

    Stockholm-based Informed Portfolio Management is likely to launch a long/short version of its fundamental indexation strategy later this year.

  • Jersey City Firm Nears Close On Argentinean, S. African Cos.

    August 24, 2007

    Jersey City, N.J.-based Yorkville Advisors, the hedge fund arm of YA Global Investments, is preparing to close on two investments in Argentina and South Africa.

  • London Firm To Launch Cocoa, Coffee Fund

    August 24, 2007

    London-based Armajaro Asset Management is preparing to launch its second commodities hedge fund on Oct. 1.

  • London Firm To Reopen Fund; Seeks Investors For Launch

    August 24, 2007

    Sydney-and London-based Bennelong Asset Management is planning to reopen its inaugural hedge fund to new investors by the end of this quarter or early in the fourth quarter.

  • Long Island Firm Seeks Managers, Investors

    August 24, 2007

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

  • Long/Short Hedge Funds

    August 24, 2007

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

  • Malaysian Firm's L/S China Fund Starts Shaky

    August 24, 2007

    Kuala Lumpur-based AIMS Asset Management's newest hedge fund, a long/short Greater China fund launched on July 1, was down around 6.5% since inception when AIN went to press last week.

  • Mandate Scoreboard

    August 24, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Aug. 22.

  • Mellon Taps Watson Wyatt Analyst

    August 24, 2007

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

  • New York Healthcare Firm To Launch Offshore Fund

    August 24, 2007

    New York-based Pomeroy Capital, co-founded by Merrill Lynch veteran A.J. Rice, is preparing an offshore version of its healthcare fund.

  • One Year Ago In Alternative Investment News

    August 24, 2007

    D.E. Shaw & Co. made a solo run at buying the bankrupt tableware company Oneida Ltd. after Xerion Capital Partners bailed on the deal.

  • Pa. Firm Seeks Marketer

    August 24, 2007

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

  • Quants Say Meltdown Was All Stat Arb

    August 24, 2007

    This month's meltdown in quantitative hedge fund strategies, which are based on computer simulations, was limited to statistical arbitrage funds, which mine data to identify mis-priced stocks.

  • Rhombus Reopens Flagship Funds

    August 24, 2007

    Rhombus Capital Management has reopened its flagship long/short equity hedge funds, Rhombus Capital Overseas and Rhombus Capital Partners, to new investors.

  • Short Sellers, CDS Buyers Struck It Big

    August 24, 2007

    Much has been said about funds walloped by the subprime meltdown, but as any investor can tell you, there's still money to be made in a downturn.

  • Stenham Seeks U.K. Marketer

    August 24, 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.

  • Texas Fund Maps Out Private Equity Plan

    August 24, 2007

    Trustees of the $24 billion Employees Retirement System of Texas approved a private equity investing plan at a board meeting Aug. 21.

  • TGM Hires London Marketer

    August 24, 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.

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