Stories

  • Asian Investors Turn From Hedge Funds

    September 06, 2007

    Asian retail investors are turning away from hedge fund structures and instead picking up a variety of other structured investments.

  • Deerfield Launches Euro CLO

    September 06, 2007

    Chicago-based Deerfield Capital Management has launched its second euro-denominated collateralized loan obligation.

  • IPM Set To Acquire Redemption-Stricken Firm

    September 05, 2007

    Informed Portfolio Management is considering a merger with embattled hedge fund firm Global Advisors.

  • "We have not yet received a final NAV for the end of June, nor an estimate for the end of July...

    August 31, 2007

    ...We do not have any firm information when this amount will be paid, or how the shares we submitted for redemption on their September dealing day will be treated."--A letter sent by KGR Capital to its investors, on the status of its redemption request from Sydney's Basis Capital.

  • Acquisition Puts Glasgow's Launch Plans In Doubt

    August 31, 2007

    Aberdeen Asset Management's acquisition of Glasgow Investment Managers has raised questions about Glasgow's plans to launch more hedge funds.

  • Altus To Expand Military Contractor

    August 31, 2007

    Altus Capital Partners will aim for a 25% to 30% return on Gichner Shelter Systems by expanding its product line and possibly acquiring other companies in its niche.

  • Anchor Point FoF Doubles Assets

    August 31, 2007

    Anchor Point Capital's global macro fund of hedge funds is expected to reach $23 million in assets later this month, more than twice its $11 million size at launch last November.

  • Biggs Rolls Out Second Fund

    August 31, 2007

    Traxis Partners, the hedge fund firm co-founded by Barton Biggs, has rolled out its second fund, the Traxis Emerging Markets Opportunity Fund.

  • Brazil Firm To Launch First Offshore FoF

    August 31, 2007

    São Paulo-based Itaú Private Bank, the private banking arm of the Itaú Group, is preparing to launch an offshore fund of hedge funds on Oct. 1.

  • Colo. Firm Eyes Tuck-Ins For Metal Co.

    August 31, 2007

    Kachi Partners plan to make two or three add-on acquisitions for Genesee Group, a company it acquired last week that makes custom metal parts for the exhaust and suspension systems of cars made by Nissan and Honda.

  • Distressed Vet Starts Hedge Fund Firm

    August 31, 2007

    Scott Stagg, former managing manager at distressed firm 3V Capital Management, has formed Stagg Capital Group in New York, with plans to launch its maiden fund next quarter.

  • Five Years Ago

    August 31, 2007

    Chicago-based Deerfield Capital Management, then with $6 billion under management, launched its first distressed debt hedge fund.

  • Fixed Income Hedge Funds

    August 31, 2007

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

  • Glazer Capital Begins Marketing Push

    August 31, 2007

    New York-based hedge fund firm Glazer Capital is preparing to market its maiden fund to pensions, endowments, foundations, high-net-worth individuals and family offices to increase assets from $230 million to $300 million by year-end.

  • Halyard Seeks Marketing Co. Expansion

    August 31, 2007

    Halyard Capital expects to make acquisitions for its new marketing company Engauge, a combination of Direct Impact, an existing portfolio company, and its latest acquisition, Ten United, a brand management company.

  • Hedge Funds Seek Compliance Pros With Banking Backgrounds

    August 31, 2007

    Hedge funds have begun tapping investment banks for top compliance positions as traditional pools of candidates, typically from mutual funds, are being exhausted.

  • Hedge Funds Should Monitor Outsourcing Providers

    August 31, 2007

    Hedge funds that outsource back-office functionality have to monitor their providers, say analysts.

  • Horizon21 Seeks Head For Slovakia Outpost

    August 31, 2007

    Horizon21 Alternative Investments, Rainer-Marc Frey's Swiss firm, is seeking to hire a manager to oversee its growing Bratislava office.

  • Houston's Saracen Launches Third Energy Fund

    August 31, 2007

    Houston-based Saracen Group has launched its third energy commodities hedge fund on Aug. 1.

  • Iraq-Dedicated Hedge Fund To Launch

    August 31, 2007

    Luxembourg-based Godvig Capital Management is in the early stages of planning a long-only multi-asset hedge fund dedicated to Iraq.

  • JPMorgan Vet To Market TMT Fund

    August 31, 2007

    JPMorgan veteran Greg Geiling, now with New York-based Christie Street Capital Management, is planning on marketing his hedge fund for the first time starting early next year.

  • KGR Caught Up In Basis Debacle

    August 31, 2007

    London- and Hong Kong-based KGR Capital is among investors trying to redeem from troubled hedge fund firm Basis Capital. Sydney-based Basis has suffered from the marking down by investment banks of its CDO and structured credit positions, following the downgrading of U.S. sub-prime assets.

  • Living On The Hedge...

    August 31, 2007

    I don't want to bite the hand that feeds me (again) but these guys are gluttons for punishment.

  • Mandate Scoreboard

    August 31, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Aug. 27.

  • Mellon To Restrict Inflows To Flagship FoF

    August 31, 2007

    Mellon Global Alternative Investments, the $1.7 billion London-based fund of hedge funds unit, is planning to limit inflows into its diversified fund of hedge funds strategy.

  • MidOcean Settles Two Deals Amid Market Turmoil

    August 31, 2007

    MidOcean Partners recently scored a healthy return on one deal and closed another on the same day as industry watchers predict leveraged buyouts will slow to a trickle.

  • Morgan Creek To Target Pensions

    August 31, 2007

    Morgan Creek Capital Management is reaching out to pension plans to grow and diversify its client base.

  • One Year Ago In Alternative Investment News

    August 31, 2007

    Steve Sun left Merrill Lynch, where he had been Hong Kong's director of global equity markets, to start Tantallon Capital, a hedge fund firm based in Singapore.

  • Ore Hill Launches Concentrated Credit Strat

    August 31, 2007

    New York-based Ore Hill Partners, with $2.4 billion under management, early last month launched a concentrated credit hedge fund with over $500 million.

  • Praesidium Readies Concentrated Fund

    August 31, 2007

    Praesidium Investment Management Company is preparing to launch its Strategic Opportunities Fund this November.

  • Ram Capital Taps MD, Plots Offshore Fund

    August 31, 2007

    New York's Ram Capital Resources has hired Michael Coiley as managing director and co-portfolio manager of Shelter Island Opportunity Fund, the firm's secured lending strategy.

  • Real Estate Fund Plans Nordic Buildout

    August 31, 2007

    Protego Real Estate Investors is planning to offer structured property investments in the Nordic region.

  • Report Shows 2Q Hedge Inflows Second-Highest Ever

    August 31, 2007

    Hedge fund assets increased by over $41 billion last quarter, the second-highest inflow in the industry's history.

  • San Francisco Hedge Firm Adds Director

    August 31, 2007

    Peter Britto of Toronto-based Desjardins Financial Security has joined hedge fund firm Gerken Capital Associates in San Francisco as director of finance, heading up compliance and risk management.

  • Simcoe Begins U.S. Marketing Push

    August 31, 2007

    New York-based Simcoe Partners last month began marketing its maiden hedge fund to funds of funds, family offices and high-net-worth individuals in the U.S.

  • Thames River FoF Gets Right Side Of Subprime

    August 31, 2007

    Thames River Capital's $390 million Warrior II fund of funds was up 3.14% in July as several holdings benefited from turmoil in the U.S. sub-prime mortgage market.

  • U.S. Search Digest

    August 31, 2007

    The $120 million Indiana Historical Society is considering a maiden allocation to private equity.

  • Vanguard To Unveil Alts Fund

    August 31, 2007

    The Vanguard Group will make its first foray into alternatives funds by launching the Vanguard Market Neutral Fund, reports AIN sister publication Fund Action.

  • WellsCap's Quant Models Hold Up In Face of Volatility

    August 31, 2007

    While several quantitative managers took significant hits in July, Wells Capital Management's $143 million Alpha Capture Portfolio was down only 1.2% for the month and returned 1.6% in August through the 24th.


 

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