• Eidesis Fund In Freefall

    October 16, 2007

    Eidesis Capital’s flagship fund suffered a 6.93% net loss last month and is now down 35.17% for the year.

  • AbCap Buys Time

    October 15, 2007

    Absolute Capital Management has fended off at least until the end of the month calls to wind up two of its funds.

  • "Now is the best time to enter the buyout market--if you can get it done, you'll get better terms."

    October 12, 2007

    --Fort Washington Capital Partners Group Managing Director Christopher Baucom on one of the reasons his firm is launching a new fund.

  • Baird Seeks To Expand Newest Acquisition

    October 12, 2007

    Baird Capital Partners expects newly acquired MedData to boost its sales force and pursue potential acquisitions.

  • BofA Deal Helps Push PIPE Market

    October 12, 2007

    Bank of America's $2 billion investment in Countrywide Financial helped propel the private investment in public equity market higher in the third quarter and highlighted the larger trend of well-known names pushing into the PIPE market.

  • Bridgewater Taps Shaw Vet For Tech Role

    October 12, 2007

    Ross Levinsky has left D.E. Shaw, where he was senior v.p., to become director of trading technology at Bridgewater Associates.

  • Cairn Readies Structured Credit Fund

    October 12, 2007

    Cairn Capital, the $10 billion London credit firm, is planning to fire up a long/short structured credit fund on Nov. 1 after running a paper portfolio that performed well in the recent credit crisis.

  • Cincy Firm To Launch New FoF

    October 12, 2007

    Fort Washington Capital Partners Group, the Cincinnati-based fund of funds firm, is preparing to launch Fort Washington Private Equity Investors VI, with a capacity of $400 million.

  • Dillon Read Vet Leaves UBS

    October 12, 2007

    Mateen Ahmed, an executive director-level proprietary trader in the global credit strategies group at UBS in London, who was previously a trader in the principal finance group of Dillon Read Capital Management, has left the firm.

  • EIM, Daiwa To Target Onshore Japan

    October 12, 2007

    EIM Management's hedge funds group is partnering with Daiwa Fund Consulting, the fund research affiliate of Tokyo-based broker-dealer Daiwa Securities, to develop fund of funds strategies for onshore Japanese investors.

  • European Search Digest

    October 12, 2007

    British Coal Staff Superannuation Scheme has reportedly raised its target allocation to alternatives to 20%...

  • Ex-JPMorgan Pro Lines Up M&A Analyst

    October 12, 2007

    Noster Capital, a start-up hedge fund firm that will launch its special situations fund in January, has lined up an analyst to join midway through 2008.

  • Ex-Lansdowne Pro Preps L/S Fund

    October 12, 2007

    Ross Turner, formerly an equity partner at prominent London firm Lansdowne Partners, is preparing to launch a European equity hedge fund at his start-up firm, Pelham Capital Management.

  • Funds Try To Contain Private Offering Info

    October 12, 2007

    Hedge fund chief compliance officers are changing their firms' policies and best practices on private offerings to make sure information is kept within a tight circle so that deals remain private and unregistered.

  • Glenview Launches Structured Credit Fund

    October 12, 2007

    Glenview Capital Management has launched GCM Credit Opportunity Fund, a new strategy that will be long structured credit over the next 25 months.

  • Halpern Leaves Credit Suisse

    October 12, 2007

    Jeffrey Halpern, head of market risk management for the funds of hedge funds division at Credit Suisse, has left the firm after less than a year.

  • Halyard Sells N.J. Company for $185M

    October 12, 2007

    New York-based private equity firm Halyard Capital is selling Fort Lee, N.J.-based direct marketer TRANZACT for $185 million to a portfolio company created by equity firm Veronis Suhler Stevenson.

  • Horizon21 Seeks Analysts

    October 12, 2007

    Horizon21, Rainer-Marc Frey's Swiss fund management firm, will hire two analysts for its Pfäffikon head office.

  • KGR Exits Basis Capital

    October 12, 2007

    KGR Capital, the London- and Hong Kong-based fund of funds firm, has redeemed its investments from hedge fund firm Basis Capital.

  • L.A. Shop Goes Mid-market

    October 12, 2007

    St. Cloud Capital, a Los Angeles-based private equity firm, is working on about a half-dozen deals that will invest $8-12 million into lower mid-market companies.

  • Larch Lane MDs Set Up Latin America Fund

    October 12, 2007

    Diego Orlanski and Raul Guimaraes, former managing directors at fund of funds firm 2100 Larch Lane, have set up SEAGUL Capital, with plans to launch a long/short equities fund focused on Latin America.

  • Lichtenstein Turns Around UIC

    October 12, 2007

    Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, has made good on its investment in United Industrial Corp., a company whose shares it has been acquiring since 1999.

  • Long Euro Pays For Illinois Firm

    October 12, 2007

    Crystal Lake, Ill.-based KMJ Capital had its currency program return 5.51% last month, based on a long position in the strengthening euro.

  • Lucas Energy Rolls Out New PE Fund

    October 12, 2007

    Lucas Energy launched its third private equity fund--Lucas Energy Ventures III--with $25 million at the end of last month.

  • Mandate Scoreboard

    October 12, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Oct. 10.

  • Morgan Creek Taps Stanford Pro For China Office

    October 12, 2007

    Morgan Creek Capital Management has hired Jason Zhang from Stanford Management to head a new office in China.

  • N.Y. State Firm Rides Insurance Play

    October 12, 2007

    Global Secured Capital's Global Secured Capital Fund returned 1.24% in August, as its strategy of direct-origination loans was able to shield it from the month's turbulence in other financial markets.

  • Omni Wins With ABN AMRO Takeover Trade

    October 12, 2007

    London-based Omni Partners made money last month on a position in ABN AMRO, following a successful takeover bid from a consortium led by Royal Bank of Scotland.

  • One Year Ago In Alternative Investment News

    October 12, 2007

    MD Sass was planning to launch a new hedge fund and mulling another private equity investment.

  • Performance Snapshot: Global Macro Hedge Funds

    October 12, 2007

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

  • Protégé Begins Marketing Best Ideas Fund

    October 12, 2007

    New York-based Protégé Partners is marketing its latest fund, a best ideas long/short equity and corporate debt strategy.

  • SocGen European Sales Head Departs

    October 12, 2007

    Alastair Smith, head of hedge fund sales for Europe and the Middle East at Société Générale Asset Management, was preparing to leave the firm last week, as AIN went to press on Thursday.

  • SVP's Gold Rolls Out Distressed Fund

    October 12, 2007

    Geoffrey Gold, an original member of $5 billion hedge fund and private equity firm Strategic Value Partners, has formed Normandy Hill Capital and launched Normandy Hill Fund, a global distressed credit fund. Goldman Sachs is the fund's prime broker.

  • Texas Teachers Fund Nabs S&P Alts Rater

    October 12, 2007

    The $112 billion Teacher Retirement System of Texas has hired Charles Davidson as an investment manager for external public markets.

  • Tremont Snags NYLIM Institutional Sales Head

    October 12, 2007

    Bob Stone, managing director of institutional sales for New York Life Investment Management, joined Tremont Capital Management on Oct. 1 as head of global sales.

  • U.S. Search Digest

    October 12, 2007

    Pomona College's endowment is seeking to increase exposure to clean technology.


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