Stories

  • Thames River To Unveil L/S Real Estate Fund

    October 22, 2007

    Thames River Capital is gearing up to launch its first long/short property fund on Dec. 1.

  • "I'm not going to start shorting stocks just because people would like to see it."

    October 19, 2007

    --J O Hambro Investment Management Fund Manager Alan Gibbs, on charging hedge fund fees despite having long-only exposure in his firm's Asian fund.

  • BlueMountain Fires Up Correlation Fund

    October 19, 2007

    BlueMountain Capital Management has launched its third correlation-focused fund to take advantage of current dislocations in collateralized debt obligation tranche prices.

  • Brazil Firm Starts Fund

    October 19, 2007

    São Paulo -based Explora Investments has launched its maiden hedge fund, a long/short Brazilian equities strategy.

  • Brog Forms New Activist Firm

    October 19, 2007

    Timothy Brog, the activist hedge fund investor who was last a portfolio manager at Pembridge Capital Management, has formed Locksmith Capital Management in New York. Brog told AIN the new firm would have other principals on board but that he was the managing director and solely responsible for investing.

  • Credit Suisse Touts Hedge Funds' Post-Crisis Record

    October 19, 2007

    Hedge funds are able to recover quicker than equity or fixed-income markets after market turmoil, according to a Credit Suisse research report titled Analyzing Past Market Turmoil and Outcome for Hedge Funds.

  • European Macro Funds Debut

    October 19, 2007

    London-based MPC Investors has this month opened its discretionary global macro fund to investors and aims to grow it to $500 million within six months.

  • Ex-Petercam Pros Cast Net Across Europe

    October 19, 2007

    Amsterdam-based Antaurus Capital Management, which was set up last year by a group of former Petercam Bank pros, will look outside its native Netherlands as it seeks to grow assets in its long/short European equity fund.

  • Firm To Link Alts Cash With Hollywood

    October 19, 2007

    Greenwich, Conn.-based Ironside Capital has been established with the goal of linking hedge fund, fund of funds and private equity money with Hollywood entertainment projects.

  • FIS To Launch Environmental FoF

    October 19, 2007

    FIS Funds Management is developing an environmental fund of funds strategy for launch in Q1.

  • Florida Firm Unveils Maiden Funds

    October 19, 2007

    Palm Beach Gardens, Fla.-based Gemini Futures has launched its first two hedge funds, the Gemini Long/Short Gold Fund and the Gemini Total Return Gold Fund, both gold futures plays with slightly different strategies.

  • Galena To Get Merrill Analyst

    October 19, 2007

    Galena Asset Management, the $600 million hedge fund subsidiary of commodities firm Trafigura Group, has hired equity analyst Duncan Hay from Merrill Lynch. Jeremy Weir, ceo in Geneva, said Hay will join the team running Galena's $120 million special situations fund.

  • Gerken Adds PM To China Fund

    October 19, 2007

    San Francisco's Gerken Capital, with $1.5 billion under management, has hired Mary Lu to assist in managing its China hedge fund.

  • Goldman Plots First Hedge Tracking Fund

    October 19, 2007

    Goldman Sachs Asset Management is preparing the first mutual fund that will try to replicate the returns of the hedge fund industry.

  • HSBC To Add U.K. Sales Staff

    October 19, 2007

    HSBC Investments, global distributor for the firm's asset management businesses, will ramp up its sales and marketing efforts with new positions based in London.

  • Illinois FX Trader Seeks Analysts

    October 19, 2007

    Crystal Lake, Ill.-based KMJ Capital, a forex firm that trades only G-7 country currencies, is in the market for two research analysts.

  • J O Hambro Asia Fund Ditches All Shorts

    October 19, 2007

    J O Hambro Investment Management has dropped all short positions from its Asian equity hedge fund.

  • Living On The Hedge...

    October 19, 2007

    With the rout in the Mumbai Stock Exchange Sensitive Index on in a big way, the Securities and Exchange Board of India this week announced it would be tightening up trading of participatory notes, which are used by foreign investors to trade Indian stocks.

  • Managers See Fees Declining

    October 19, 2007

    A majority of large fund managers--80%--expect incentive fees and management fees to decrease in the next two years, according to a poll completed by Ernst & Young.

  • Mandate Scoreboard

    October 19, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Oct. 7.

  • Ohio's Purepay Taps Wachovia Vet For Director Role

    October 19, 2007

    Columbus, Ohio-based Purepay, a $100 million buyout firm, has hired David Evans from Wachovia Securities' technology and services investment banking team as its director of investments.

  • Omni Eyes Fund Close

    October 19, 2007

    London-based event-driven firm Omni Partners plans to close its Omni Global Fund at $350 million next year.

  • One Year Ago In Alternative Investment News

    October 19, 2007

    Hermes Private Equity, an arm of the £65 billion investment management firm that manages the pension fund assets of British Telecom and Royal Mail, made a move into infrastructure.

  • Pentium Plans 'In Control' FoF

    October 19, 2007

    Vicente Zaragoza, founder of Swiss firm Pentium Fund, is planning a fund of hedge funds concept that hands control of long/short exposures to managers.

  • Pequot Vet Launches Japan Strat

    October 19, 2007

    Lilik Takahashi, previously Pequot Capital Management's sole investment representative in Japan, has formed Piala Capital Management and launched Clearview Japan Fund, a long/short equities strategy.

  • Performance Snapshot: Funds of Hedge Funds

    October 19, 2007

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

  • PSAM Launches European Strategy

    October 19, 2007

    P. Schoenfeld Asset Management has launched the PSAM Europe Fund with $100 million.

  • RMF Expands New Alternatives Group

    October 19, 2007

    RMF Investment Management is recruiting a sixth member of its New Alternatives Group, which researches new areas of the hedge fund market for possible investment.

  • Search Digest

    October 19, 2007

    The Southern Illinois University Foundation has hired its first hedge fund managers to handle 10% of its assets and is preparing to seek private equity managers for another 10%.

  • Search Digest

    October 19, 2007

    The £1.6 billion Cornwall County Council Pension Fund has added private equity, hedge fund of funds and infrastructure to its portfolio, hiring Standard Life Investments and Wilshire Associates to manage private equity and Fauchier Partners to manage funds of funds and infrastructure...EADS Astrium Pension Scheme is looking to diversify 10% of its assets into real estate fund of funds.

  • Search Digest

    October 19, 2007

    University of Toronto Asset Management, which oversees $5.5 billion in endowment and pension assets, is likely to invest in emerging market private equity by the end of the year. The school would seek direct managers.

  • Sentinel On Deal Binge

    October 19, 2007

    Sentinel Capital Partners is on a deal-making spree despite tighter credit markets.


 

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