Stories

  • Lone Pine Duo Set Off On Their Own

    October 01, 2007

    David Stemerman and Matthew Iorio have left Lone Pine Capital and formed their own hedge fund firms, both based in Greenwich, Conn.

  • "When we're talking about high quality financial experts in Baghdad, there are quite few."

    September 28, 2007

    --Godvig Capital Management's Björn Englund on the challenges of filling positions at his Iraq-focused hedge fund.

  • Argo Founder Backs AbCap

    September 28, 2007

    The founder of Argo Capital Management is sticking by Absolute Capital Management, the embattled hedge fund firm that acquired his boutique less than a year ago.

  • Arsago Preps Fund For German Investors

    September 28, 2007

    Hurden, Switzerland- and Frankfurt-based hedge fund firm Arsago Alternative Capital Management is readying a version of its fixed-income relative value strategy for German investors.

  • Bertram Eyes Next Fund

    September 28, 2007

    Fresh off of raising an additional $100 million from its investors, Bertram Capital plans to return to the fundraising trail in the second half of 2008.

  • Conquest Hangs Tough On Long Vol

    September 28, 2007

    Conquest Capital Group's Conquest Macro posted a 0.59% return in August, due in large part to long volatility plays.

  • Cooper Hill Shuts Doors

    September 28, 2007

    New York-based healthcare hedge fund firm Cooper Hill Partners is closing its doors after registering poor returns in its three strategies this year.

  • Enso Markets Concentrated Global Strat

    September 28, 2007

    New York-based Enso Capital Management has begun marketing its latest launch, a concentrated version of its global equities strategy.

  • European Search Digest

    September 28, 2007

    Swiss chemical company Clariant's U.K. pension scheme is seeking to diversify its £200 million fund into overseas property and funds of hedge funds with a maiden 5% allocations to each asset class...Amsterdam's Stichting Bedrijfstakpensioenfonds voor het Beroepsvervoer over de weg could double its 4% hedge funds allocation, worth £240 million, over the next two years.

  • Goldstein Launches Two-Front Assault On MFS

    September 28, 2007

    Phil Goldstein's Bulldog Investors has made a tender offer for closed-end mutual fund MFS Government Markets Income Trust and simultaneously launched a proxy battle with the Boston-based fund to force it to change to an open-ended structure.

  • Hedge Funds Skeptical On Reentering Loan Market

    September 28, 2007

    Loan market players expect hedge funds to kick-start the stalled credit market, hoping that more attractive coupons lead to a buying spree, but so far hedge funds have not indicated a willingness to play along.

  • Investor Select Marketer Departs

    September 28, 2007

    Amy Conran, senior v.p. of marketing at fund of funds firm Investor Select Advisors, has left the firm.

  • Iraq Fund Seeks Analysts, Trader

    September 28, 2007

    Godvig Capital Management, the Luxembourg-based hedge fund firm that has several hedge funds devoted to Iraq, is seeking to add two analysts and a proprietary trader to its Baghdad-based team by the beginning of the year.

  • Kansas City Firm To Launch China Fund

    September 28, 2007

    Jayhawk Capital Management, in Kansas City, Kan., is preparing to launch its second private equity fund early next year.

  • L.A. Firm Launches Commercial Real Estate Fund

    September 28, 2007

    Santa Monica, Calif.-based Lahde Capital Management has launched its second hedge fund, a commercial real estate strategy.

  • Liontrust Mulls U.K. Hedge Fund Launch

    September 28, 2007

    Equity specialist Liontrust Asset Management is considering launching a long/short U.K. equity hedge fund next year.

  • Living On The Hedge...

    September 28, 2007

    This just in: Central bankers are idiots. First you have Ben Bernanke, who was going around posing as an inflation hawk before suddenly deciding, at the first sign of trouble, that he needed to "preempt" a recession by devaluing the U.S. dollar.

  • Lobbyist Reaches Out To Hedge Funds, Private Equity

    September 28, 2007

    A Washington lobbyist has created a special Wall Street division and is seeking to drum up interest among hedge fund and private equity firms.

  • London & Capital Targeting U.S. With New Funds

    September 28, 2007

    London & Capital Investment Advisors has launched six absolute return funds targeting U.S. foundations, endowments, family offices and high-net-worth investors.

  • Long Island Firm Sets Energy Fund Launch

    September 28, 2007

    Roslyn, N.Y.-based N.I.R. Group has hired Howard Tanney of the New York Mercantile Exchange to manage a commodity energy hedge fund, expected to launch by mid-month.

  • Mandate Scoreboard

    September 28, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Sept. 26.

  • Marathon Makes Marketing Push

    September 28, 2007

    Marathon Partners, a New York-based activist hedge fund firm, is making its first-ever concentrated marketing push.

  • Minlam Expands Management Team

    September 28, 2007

    Minlam Asset Management, a microfinance investment firm in New York, has hired Michael Rauenhorst as a managing director and senior investment officer.

  • New York Foundation Down On Buyouts

    September 28, 2007

    The $1.8 billion Doris Duke Charitable Foundation is reducing exposure to buyout funds because of recent credit market troubles.

  • Nogales Lines Up Exits

    September 28, 2007

    Nogales Investors Management expects to have sold half its portfolio by the end of the first quarter.

  • One Year Ago In Alternative Investment News

    September 28, 2007

    Ron Insana, former host of CNBC's popular Street Signs program formed Insana Capital Partners and was preparing to launch a fund of funds. Insana's strategy:

  • Performance Snapshot: Multi-Strategy Hedge Funds

    September 28, 2007

    The table below displays some of August's top performing multi-strategy managers, according to data provided by Eurekahedge.

  • SEC To CRACK Down On Hedge Funds

    September 28, 2007

    The Securities and Exchange Commission's hedge fund working group is planning to bring a series of enforcement actions against the industry, reports AIN sister publication Compliance Reporter.

  • SG Taps New Head Of Hedge Fund Sales

    September 28, 2007

    SG Corporate & Investment Banking in London has added global head of hedge fund sales to David Escoffier's responsibilities.

  • Temujin Softens Blow Faced By Quants

    September 28, 2007

    While many quantitative hedge funds ended August in negative territory, Temujin Fund Management's loss was smaller, thanks to its use of fundamental analysis in its quant models.

  • U.S. Search Digest

    September 28, 2007

    Trustees of the Pennsylvania Municipal Retirement System will meet on Nov. 15 to discuss a maiden allocation to hedge funds of funds and the results of an asset allocation study.

  • Whitney Prepares All-Asia Fund

    September 28, 2007

    The Whitney Asia Pacific Fund, being launched by Singapore-based firm Asian Management, a subsidiary of New Canaan, Conn.'s J.H. Whitney Investment Management, is set to debut Nov. 1.

  • Will VC Fill Private Equity's Place?

    September 28, 2007

    Observers are pointing to venture capital firms' ability to take the role of leveraged buyout firms in technology deals, as the market waits for banks to digest debt already committed to leveraged buyouts.


 

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