Stories

  • Cooper Hill Shuts Doors

    September 26, 2007

    New York-based Cooper Hill Partners is closing its doors after registering poor returns in its three healthcare hedge funds.

  • Emails Allege Troubled Times At Hudson’s Firm

    September 25, 2007

    An individual masquerading as Pirate Capital Founder Tom Hudson has begun emailing what appear to be the firm’s monthly reports to members of the press.

  • "I think to take the next step [you] have to get away from the shadow of that organization."

    September 21, 2007

    --Former SAC Capital Management portfolio manager Dan Shrager on reasons for his recent departure from the firm.

  • AbCap Plans Side Pockets As Redemption Fears Loom

    September 21, 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.

  • Arsago Rolls Out Multi-Strat Fund

    September 21, 2007

    Arsago Alternative Capital Management, the Hurden, Switzerland- and Frankfurt-based hedge fund firm, has launched a multi-manager fund that invests in three of its existing strategies.

  • Atlanta Firm Plots Senior-Level Additions

    September 21, 2007

    Roark Capital Group plans to hire five senior-level investment professionals over the next 12 months.

  • CIC Launches Alts Hybrid

    September 21, 2007

    Citi Institutional Consulting has established a Hybrid investment program, which provides due diligence and approval of investment strategies that are traditional in nature but contain elements of alternatives.

  • European Search Digest

    September 21, 2007

    London's £450 million Western United Group Pension Scheme is likely to diversify into hedge funds and other alternatives after an investment strategy review that will be concluded by year-end...The Bank of Ireland Staff Pension Fund may allocate 5% of its E4 billion fund to private equity.

  • Foundation May Pull Out Of Hedge Funds

    September 21, 2007

    The Jessie Smith Noyes Foundation may jettison its hedge funds investments because they do not provide sufficient transparency.

  • GSA, Gradient, Atticus Caught In Credit Carnage

    September 21, 2007

    Several big-name hedge funds were caught up in last month's credit market meltdown and suffered drawdowns of 5% or more as a result.

  • Hermes Mulls More Activist Funds

    September 21, 2007

    Hermes Focus Asset Management Europe may launch more activist funds. HFAME, a unit of the firm that manages the pension fund assets of British Telecom and Royal Mail, already runs four strategies focused on activist investing in European, U.K. large-cap, U.K. small-cap, and Japanese companies.

  • HSBC Preps Levered Class Of Euro Fund

    September 21, 2007

    Halbis, an investment management arm of HSBC, will launch a 2.5x leveraged share class for its European Alpha Fund Oct. 1.

  • Ironbound Sets Up Asia Ex-Japan Fund

    September 21, 2007

    Princeton, N.J.-based $900 million Ironbound Capital Management is preparing to launch a long/short Asian ex-Japan equity hedge fund Oct. 1.

  • J O Hambro Adds Asia Shorts To Limit Losses

    September 21, 2007

    J O Hambro Investment Management's long/short Asia fund was among those hurt by last month's market turbulence, losing 10.41%--despite having taken its short exposure to its highest since the fund's inception in Nov. 2005.

  • Kansas City Firm Markets China Fund

    September 21, 2007

    Jayhawk Capital Management in Kansas City, Kan., is marketing its concentrated long-biased China strategy.

  • L.A. Firm Circles Food Deals

    September 21, 2007

    Corridor Capital, a Los Angeles-based private equity firm, is targeting two deals in the food industry.

  • Larch Lane Hires Director Of Research

    September 21, 2007

    Ken Stemme has joined Larch Lane Advisors, a fund of hedge funds in Westchester, N.Y., as director of research.

  • Mandate Scoreboard

    September 21, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Sept. 19.

  • Mulvaney Hammered By August Losses

    September 21, 2007

    Mulvaney Capital Management, the London-based hedge fund firm, took a massive hit last month, losing 19.4% and taking the fund's loss so far this year to 34.41%.

  • Noble VC Fund Reaches First Close

    September 21, 2007

    Edinburgh- and London-based Noble Fund Managers, the alternative assets arm of U.K. investment bank Noble Group, has closed its venture finance fund, Noble Venture Finance II, with £87 million.

  • One Year Ago In Alternative Investment News

    September 21, 2007

    Rainer-Marc Frey's Horizon21 Alternative Investments was making plans to open an office in Bratislava, Slovakia, before the end of the year.

  • Performance Snapshot: Long/Short Hedge Funds

    September 21, 2007

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

  • Philly Firm Sets 130/30 Launch

    September 21, 2007

    Peter Zeuli's investment advisory firm Philadelphia Investment Partners is preparing to launch its first 130/30 strategy by early October.

  • San Diego Firm To Launch Nanotech Fund

    September 21, 2007

    San Diego-based investment advisory firm The Nanotech Company is preparing to launch a private equity fund that will invest in small companies specializing in cutting-edge nanotechnology.

  • Shrager, Yook Return To Galleon

    September 21, 2007

    Dan Shrager of SAC Capital Management and Paul Yook of Sedna Partners have re-joined $7 billion Galleon Management after multi-year absences to manage the Galleon Health Sciences Fund, a new healthcare strategy.

  • Stenham Warns Of More Woes

    September 21, 2007

    Imminent redemptions and a question mark over the amount of risk held by investment banks, as well as continued de-leveraging in the markets, mean there is more disruption to come following August's shake-up, according to Harry Wulfsohn, director at Stenham Asset Management in London.

  • U.S. Search Digest

    September 21, 2007

    Old Dominion University is seeking private equity and real asset managers to fill its 15% target allocation in the asset classes.

  • Vermillion Markets Quant Strat

    September 21, 2007

    New York-based hedge fund firm Vermillion Asset Management is marketing its latest roll out, a market-neutral, quantitative equity and derivatives trading strategy.

  • Westchester Co. Hedge Fund Seeks Partnership

    September 21, 2007

    A hedge fund managed by Harrison, N.Y.-based Augustus Advisors is seeking a strategic venture with an institution that wants to provide significant capital in exchange for equity in the firm.


 

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