Stories

  • Disgruntled AbCap Clients Join Forces

    October 11, 2007

    Investors in troubled Absolute Capital Management have teamed up to question the legality of the firm’s approach to restructuring its funds

  • FrontPoint Launches Emerging Market Strat

    October 10, 2007

    The Morgan Stanley subsidiary launched an emerging markets hedge fund yesterday.

  • "Nobody expects anybody to pull back--everybody expects allocations to increase significantly."

    October 05, 2007

    --Greenwich Associates Director Karan Sampson, on results of her firm's impromptu poll of alternatives investors.

  • Atlanta Shop Seeks To Bulk Up Portfolio

    October 05, 2007

    Roark Capital Group, a private equity firm managing $560 million, is negotiating add-on acquisitions for three of its portfolio companies despite the dried-up debt markets.

  • AXA Rosenberg Plots Long/Short Strat

    October 05, 2007

    Orinda, Calif.-based AXA Rosenberg Investment Management is preparing to launch a global long/short equities strategy, possibly by the end of the year.

  • Boeing Co. Ramps Up Alts Staff

    October 05, 2007

    Boeing's $46 billion pension plan is hiring investment staff to oversee alternatives, including real estate, private equity, hedge funds and real assets.

  • Boston Firm Markets Media Fund

    October 05, 2007

    Whale Rock Capital Management, founded by Alexander Sacerdote, former portfolio manager at Fidelity Investment's institutional arm Pyramis Global Advisors, has begun to market its maiden long/short strategy.

  • Calif. Real Estate Firm Launches Third Fund

    October 05, 2007

    San Francisco-based real estate investment firm Carmel Partners has launched its third fund, Carmel Partners Investment Fund III, Sept. 28.

  • California Wants Hedge Funds To Register

    October 05, 2007

    California regulators have introduced a proposal Sept. 14 that, if adopted, would force certain hedge fund advisers to register with the California Department of Corporations unless they elect to register with the Securities and Exchange Commission.

  • Conn. Credit Manager Adds Marketer

    October 05, 2007

    Stamford, Conn.-based Structured Portfolio Management has hired Donald Sussis as v.p. of its business development division after working with him on a consulting basis for five years.

  • Costella Kirsch To Launch Fifth Fund

    October 05, 2007

    Menlo Park, Calif., venture capital firm Costella Kirsch is preparing to launch its fifth fund Oct. 15.

  • Deutsche Continues To Praise Hedge Funds To Private Clients

    October 05, 2007

    Despite August's debacles, Deutsche Bank's Private Wealth Management division has reiterated an earlier recommendation to invest in hedge funds in its Fourth Quarter 2007 Outlook Summary report.

  • European Search Digest

    October 05, 2007

    The £1.9 billion U.K. Cadbury Schweppes pension fund is closer to shifting 10% of its assets to alternatives, having prioritized a maiden hedge fund investment.

  • Ex-Panton PM Starts Credit Arb Firm

    October 05, 2007

    Sam Vulakh, formerly of New York-based hedge fund firm Panton Capital, has formed Lincoln Park Asset Management and is preparing to launch its maiden hedge fund.

  • Former Barclays Quant Starts Japan Strategy

    October 05, 2007

    Wada Capital Japan Trust, a quantitative Japanese equity fund, launched in August and is waiting on a cash infusion from its primary investor.

  • Healthcare Buyout Firm Eyes Two Deals

    October 05, 2007

    Water Street Healthcare Partners is homing in on two deals, one in distribution and the other in outsourcing services. Tim Dugan, managing partner at the Chicago-based firm, said both are under letters-of-intent and about four weeks from closing.

  • Ilex Hires Marketing Head

    October 05, 2007

    Ilex Asset Management, the London-based credit hedge fund firm, has hired Iain Wright as a partner to head up marketing and business development.

  • Insana Deploys $100 Million

    October 05, 2007

    After raising $100 million and deploying it into a tough market in June, Ron Insana, former host of CNBC's Street Signs program, is content with his start-up fund of hedge funds.

  • JPMorgan Pro Plans Low-Cost Start-Up

    October 05, 2007

    Pedro Noronha, until recently a portfolio manager at JPMorgan in London, is setting out on his own and plans to lure investors with terms he sees as less onerous than those of the average hedge fund manager.

  • KGR Makes September Recovery

    October 05, 2007

    KGR Capital, the Hong Kong- and London-based fund of funds firm, lost money in all three of its offshore Asian funds in August but more than recouped the lost performance in September.

  • Loonie Strengthening Prompts Protection Selling

    October 05, 2007

    Credit default swap spreads on Greenville, S.C.-based Bowater Incorporated and Montreal-based Abitibi-Consolidated tightened last week.

  • Macquarie Launches Commodities Strat

    October 05, 2007

    Macquarie Investment Management, the London subsidiary of the Sydney-based bank, has launched at a long/short commodities hedge fund Sept. 14.

  • Mandate Scoreboard

    October 05, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Oct. 3.

  • Martin Currie Taps Communications Director

    October 05, 2007

    Martin Currie has hired Scott White as director of communications to replace Ross Leckie, who will leave the firm next month.

  • Moscow Firm Preps New Fund

    October 05, 2007

    Delta Private Equity Partners is launching a third Russia fund, Delta Russia Fund II, which will open to investors within the next two months, according to a potential investor.

  • One Year Ago In Alternative Investment News

    October 05, 2007

    Vega Securities President Michael Mann penned a letter to the firm's investors explaining its run of poor performance.

  • P/E Firms Take Italian Manufacturing Stakes

    October 05, 2007

    Private equity firms Aksia Capital and Quadrivio have acquired 45% stakes each in Emmeci International, an Italian manufacturer of production lines for cardboard boxes.

  • Paris Firm Begins Marketing Offshore Fund

    October 05, 2007

    Varenne Capital Partners has begun marketing its latest launch, an offshore version of its active value strategy.

  • Partners Group Seeks Hedge Fund Analyst

    October 05, 2007

    Zug, Switzerland-based alternative investment firm Partners Group is seeking to hire a hedge fund analyst.

  • Performance Snapshot: Fixed Income Hedge Funds

    October 05, 2007

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

  • RAB Sets Up In Asia

    October 05, 2007

    RAB Capital, the London-based hedge fund firm with around $6.7 billion under management, has established a Hong Kong subsidiary from which to carry out investment management and marketing in Asia.

  • Re-Ratings of Subprime Tranches May Cause Aftershocks

    October 05, 2007

    The next shoe to drop in the subprime crisis may be the re-rating of AAA-rated subprime securities.

  • Resnick's Firm Taps CIO

    October 05, 2007

    Ron Resnick, who left Highbridge Capital Management after a 13-year stint to start AlphaWorks last June, has hired a chief investment officer for his new firm.

  • Sawtooth Powers Down In August

    October 05, 2007

    McOmber Energy Fund, the energy hedge fund run by Boise-based Sawtooth Investment Management, was down 3.45% in August following a downturn in the power generation sector, according to the firm's monthly performance report.

  • Singapore Fund To Launch With Sass-Macquarie Cash

    October 05, 2007

    Otto and Dio Wong have formed Singapore-based hedge fund firm Three Kingdoms Capital and plan to launch its maiden fund, a long/short equities strategy by early next year.

  • Tiger's Jenkins, McLellan Start Hedge Firm

    October 05, 2007

    Timothy Jenkins and Scott McLellan of Julian Robertson's Tiger Partners have co-founded Marble Arch Partners, a long/short hedge fund firm in New York.

  • TPG Raises Distressed Credit Fund

    October 05, 2007

    TPG is raising a distressed credit fund to take advantage of the subprime meltdown.

  • U.S. Search Digest

    October 05, 2007

    The $1.5 billion Marin County (Calif.) Employees Retirement Association is exploring the universe of market-neutral managers for firms it could add to its "alpha engine" for diversification.


 

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