Stories

  • Calyon’s Fery Exits In Wake Of Trading Losses

    September 20, 2007

    Loic Fery, global head of credit markets at Calyon Financial in London, has left the firm following proprietary trading losses that will result in a EUR250 million charge for the firm.

  • AbCap Plans Side Pockets As Redemption Fears Loom

    September 20, 2007

    Absolute Capital Management, the Palma de Mallorca, Spain-based hedge fund firm that just had two of its three co-founders resign in a matter of weeks, is preparing to add side pockets to four of its funds in an effort to resolve liquidity issues brought on by redemption notices.

  • Cadogan Fills Prexy Role

    September 18, 2007

    John Trammell has been hired after a long search for president at fund of funds firm Cadogan Management.

  • Investor Select Gets New CEO

    September 18, 2007

    Investor Select Advisors, the $550 million fund of hedge funds firm, has appointed Paul Warren as ceo.

  • Lone Star Hedge Fund Targeting MLPs Launched

    September 17, 2007

    Dan Tutcher, former president of Enbridge Energy Partners, has formed Center Coast Capital Advisors and launched the Energy Infrastructure Fund dedicated to investing in master limited partnerships.

  • "As the consequences of the subprime mortgage meltdown continue to play out we expect a series of opportunities."

    September 14, 2007

    --Structured Portfolio Management's Founder Don Brownstein on the timing of his firm's latest fund launch.

  • Atlantic-Pacific Makes Slew Of Hires

    September 14, 2007

    Greenwich, Conn.-based third-party marketing firm Atlantic-Pacific Capital has hired nine new staff to meet client demand.

  • Barclays To Launch Shariah-Compliant FoF Platform

    September 14, 2007

    Barclays Capital has joined forces with New Canaan, Conn.-based advisory firm Shariah Capital to launch a Shariah-compliant bespoke fund of hedge funds.

  • BCM Rolls Out Market-Neutral Fund

    September 14, 2007

    BCM Asset Management, the fund management arm of €640 million London firm BCM & Partners, has launched a market-neutral hedge fund.

  • Broadfin Begins Marketing Healthcare Strat

    September 14, 2007

    New York-based hedge fund firm Broadfin Capital has begun a marketing push for its healthcare strategy.

  • Cinnamon Eyes Fund Reopening

    September 14, 2007

    Cinnamon Capital Management, a London-based credit hedge fund firm, is planning to reopen its fund in the next few months.

  • Conn. Firm Rolls Out Credit Fund

    September 14, 2007

    Stamford, Conn.-based hedge fund firm Structured Portfolio Management has launched its seventh credit hedge fund to capitalize on the recent subprime meltdown.

  • Country Singer Makes Light Of Hedge Fund Woes

    September 14, 2007

    Jon Shayne of Shayne & Co., a Nashville-based investment advisor, may not manage a hedge fund, but he's pretty tuned in to the recent problems that have faced the credit markets.

  • Dresdner Vet Readies Offshore Fund

    September 14, 2007

    Hyerdale Capital, founded by Patrick D'Angelo of Dresdner Investment Bank, is preparing to launch an offshore version of its maiden fund in the fourth quarter.

  • European Search Digest

    September 14, 2007

    Goodyear Dunlop Tyres U.K. may consider a maiden foray into alternatives as part of an investment review early next year.

  • Ex-Citadel Trader Metz Preps Energy Fund

    September 14, 2007

    Carey Metz, formerly an energy trader at Citadel Investment Group and elsewhere, has founded Houston-based Whiteside Energy and is preparing to launch its maiden hedge fund, a relative-value strategy, next quarter.

  • Five Years Ago

    September 14, 2007

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

  • Fortress Nets Another GE Financier

    September 14, 2007

    Fortress Investment Group has pocketed another staffer from GE Energy Financial Services for the new energy group under its hedge fund arm, Drawbridge.

  • FRM Plots Liquid Version Of Credit FoF

    September 14, 2007

    Financial Risk Management, the London-based fund of hedge funds firm, will launch a more liquid version of its credit strategy later this year.

  • Geneva Credit Manager Liquidates

    September 14, 2007

    Avendis Global Fund, a Geneva-based credit hedge fund manager, has begun liquidating all its funds, according to filings in the Cayman Islands two weeks ago.

  • Harcourt Seeks Investors For Commodity FoF

    September 14, 2007

    Harcourt Investment Consulting, the Swiss fund of funds firm, is seeking to double assets in its latest commodities offering.

  • Hermes Seeks Investment Pros For Activist Fund

    September 14, 2007

    Hermes Focus Asset Management Europe, a unit of the investment management firm that manages the pension fund assets of British Telecom and Royal Mail, will grow the investment team of the Hermes European Focus Fund.

  • HSBC's Halbis In First-Ever Onshore U.S. Push

    September 14, 2007

    HSBC's $92.8 billion asset management arm, Halbis, is making its first attempt to sell hedge funds to taxable U.S. investors, as it seeks to exploit piqued interest in India.

  • Ill. Firm Rides Kiwi Dollar Shorts

    September 14, 2007

    Crystal Lake, Ill.-based KMJ Capital returned nearly 15% in its currency program last month, thanks in large part to short positions in the New Zealand dollar.

  • Living On The Hedge...

    September 14, 2007

    So Mohammad El-Erian is heading back to Pimco, reportedly to increase the Newport Beach, Calif., firm's alternatives offerings--including hedge funds.

  • Mandate Scoreboard

    September 14, 2007

    The table below shows new allocation commitments gained by alternatives managers year-to-date through Sept. 12.

  • Martin Currie Eyes Resources Fund Reopening

    September 14, 2007

    Martin Currie Investment Management, the Edinburgh-based asset management firm with $1.8 billion in hedge funds, is considering reopening its long/short global resources fund early next year.

  • MayerCap Preps Levered Version Of Financing Fund

    September 14, 2007

    New York fund of funds firm MayerCap is launching a 2:1 levered version of its financing strategy Oct. 1 due to investor interest.

  • One Year Ago In Alternative Investment News

    September 14, 2007

    Paulson Partners was launching Paulson Credit Opportunities Fund, a portfolio dedicated to shorting the subprime U.S. market.

  • Performance Snapshot: Funds Of Hedge Funds

    September 14, 2007

    The table below displays some of last month’s top performing funds of funds, according to data provided by Eurekahedge.

  • Shumway's Thaler Forms Hedge Fund Firm

    September 14, 2007

    John Thaler, a pre-launch member of $4 billion hedge fund firm Shumway Capital Partners, has formed JAT Capital Management with plans to launch a fund in November.

  • SRI FoF Adjusts Screens

    September 14, 2007

    Birmingham, Ala.-based Highland Associates has changed the screening process for its affiliated socially responsible fund of hedge funds.

  • Thames River Levered Fund Stumbles In First Month

    September 14, 2007

    Thames River Capital's new 2:1 leveraged European hedge fund Kingsway Plus, made a greater loss than the unlevered version, Kingsway Fund, during July. Kingsway Plus was down 3.66%, compared with a 2.06% dip for the original Kingsway fund.

  • Tremblant Vets Hang Shingle

    September 14, 2007

    David Gelobter and Loan Pham, who earlier this decade worked together at Tremblant Capital in New York, have formed Emerson Capital and launched a long/short U.S. equity strategy Aug. 1.

  • U.S. Search Digest

    September 14, 2007

    Alaska Permanent Fund Corp. intends to increase its allocation to alternatives.

  • Westchester Family Office To Launch Commodities Strat

    September 14, 2007

    Harrison, N.Y.-based Augustus Capital, a small family office, broker-dealer and hedge fund firm, is preparing to launch a commodities arbitrage/short-term trading fund.


 

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