Stories

  • Tenn. CIO Departs For Local Hedge Fund

    November 01, 2007

    Thomas Milne has become the president of Nashville hedge fund firm Courage Capital.

  • RAB To Launch Large-Cap Mining Fund

    November 01, 2007

    The $7 billion London hedge fund firm will roll out a long/short mining fund later this month in what is expected to be one of its largest-ever launches.

  • RBS Greenwich Pros Launch Gold Fund

    October 30, 2007

    Ben Davies and Mark Mahaffey, formerly of RBS Greenwich Capital, have launched a precious metals hedge fund.

  • "Subprime borrowers are not trailer park dwellers. They are typically individuals who make $100,000 per year but try to maintain a $150,000 lifestyle."

    October 26, 2007

    --Lahde Capital's new CFO Richard Eckert on the often misunderstood subprime market.

  • Bank-Eligible FoF To Launch

    October 26, 2007

    Wamberg Asset Management, a new Chicago-based firm founded by Tom Wamberg, is preparing to launch The BAR Fund, what it believes is the first fund of hedge funds that invests in bank-eligible securities, clearing the way for banks to invest cash from their own balance sheets into alternatives.

  • Cabezon Grows Assets, Ramps Up Staff

    October 26, 2007

    San Francisco global macro shop Cabezon Capital Management has made three hires and increased assets in its fund to $300 million.

  • Citi Taps Renaissance Pro For Alts Position

    October 26, 2007

    Citi Alternative Investments, the Citigroup subsidiary, has hired Jeffrey Gould for the newly-created position of managing director and global head of distribution.

  • Credit Suisse FoF Group Names Head

    October 26, 2007

    Boris Arabadjiev, head of risk management, has been promoted to head Credit Suisse's fund of funds and advisory businesses in New York.

  • Dutch LDI Firm Hires Managing Director

    October 26, 2007

    Rotterdam, Netherlands-based liability-driven investment firm Cardano Group has hired Bart Oldenkamp from ABN AMRO Asset Management as managing director, a new position.

  • European Search Digest

    October 26, 2007

    Switzerland's Kantonale Pensionskasse Graubuenden is in the preliminary stage of analyzing investments in commodities and private equity, with a final decision to be made at board meetings scheduled for end-November 2007 and first quarter, 2008...

  • Ex-Allianz Pros Set Up Alts Distributor

    October 26, 2007

    Johan Ahlström and Philippe Collot, co-founders of Allianz Group's fund of funds unit, Allianz Hedge Fund Partners, have set up their own firm to distribute alternative funds to institutional investors.

  • Ex-KBC Pros Turn Away From Hedge Funds

    October 26, 2007

    Karl Ottevaere and Jan De Spiegeleer, two former KBC Financial Products managing directors, have abandoned their plans to re-enter the hedge fund industry with their own offering.

  • First State To Hire Resources PM

    October 26, 2007

    First State Investments, with £16.5 billion under management, will hire a portfolio manager for its Sydney-based global resources team.

  • Five Years Ago

    October 26, 2007

    Large hedge fund managers had begun to launch seeding platforms due to the lack of capacity in their funds.

  • Former Pfizer Execs Seek Capital

    October 26, 2007

    Do Asset Management, a Groton, Conn.-based hedge fund firm run by former Pfizer executives, is seeking to raise capital from outside investors for the first time.

  • Frey's Firm Seeks Hedge Fund Analyst

    October 26, 2007

    Horizon21, the Swiss fund management firm co-founded by Rainer-Marc Frey, is seeking a hedge fund analyst for its Pfäffikon headquarters.

  • GEM Opens New York Office

    October 26, 2007

    GEM Global Equities Management this month opened an office in New York, its first in the U.S. John Halasz, managing director, will head up the office and has already begun marketing for the firm's emerging markets strategy.

  • German Bets Pay Off For Wyser-Pratte Fund

    October 26, 2007

    Agitation of German companies has helped push Wyser-Pratte & Co.'s EuroValue Fund to a 14% year-to-date return.

  • GIP Buys Into India Infrastructure

    October 26, 2007

    Global Infrastructure Partners, the private equity firm founded by Credit Suisse and General Electric, has acquired a 74% stake in East India Petroleum.

  • Iraq Fund Has Record Month

    October 26, 2007

    Godvig Capital's Babylon Fund, a multi-strategy $13.2 million fund focused on Iraq, had its best month ever in September, returning 5.5%.

  • Kempner, Centerbridge Take Alts Category Honors

    October 26, 2007

    Davidson Kempner Capital Management and Centerbridge Capital Partners were named Hedge Fund and Private Equity Manager of the Year, respectively, at the 2007 Nonprofit Awards For Excellence gala dinner in San Francisco Monday night.

  • Lahde Hires CFO

    October 26, 2007

    Richard Eckert has joined Santa Monica, Calif.-based Lahde Capital Management as chief financial officer Oct. 22.

  • Managers Discuss Opportunities Of Slowing Economy

    October 26, 2007

    A slowing economy and the opportunities it presents was the theme of a panel of portfolio managers hosted by Old Mutual Asset Management last Wednesday at The Algonquin Hotel in New York.

  • Mandate Scoreboard

    October 26, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Oct. 24.

  • MidOcean Zeroes In On $1B+ Fund

    October 26, 2007

    MidOcean Partners expects to close its third buyout fund in the next few weeks at $1.3 to $1.4 billion, well over its $1 billion target.

  • Neil Chriss Preps Hedge Fund

    October 26, 2007

    Quant specialist Neil Chriss, until the end of last year managing director at Steven Cohen's SAC Capital Advisors, has started his own hedge fund firm, Hutchin Hill Capital.

  • One Year Ago In Alternative Investment News

    October 26, 2007

    A group of large hedge funds--including D.E. Shaw, Sigma Capital Associates, Paloma Partners and Goldman Sachs--with stakes in Foamex International agreed to help the foam producer emerge from bankruptcy.

  • Other Ports Search Digest

    October 26, 2007

    The $11 billion Thai Government Pension Fund has set aside a 7% allocation to international alternatives and is separately considering commodities and infrastructure...

  • Performance Snapshot: Long/Short Hedge Funds

    October 26, 2007

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

  • RAS To Launch Concentrated India FoF

    October 26, 2007

    New York-based fund of funds firm RAS Capital Management is preparing to launch a more concentrated version of its strategy focused on managers that invest in arbitrage and other related strategies in India.

  • Sorin To Launch Third Credit Fund

    October 26, 2007

    The $1.3 billion Sorin Capital Management is preparing to launch its third credit hedge fund early next year.

  • Stillwater Reopens ABL Fund

    October 26, 2007

    New York-based Stillwater Capital Partners is marketing its asset-backed lending hedge fund as it seeks to capitalize on dislocations caused by this summer's credit crunch.

  • Thybo Seeks COO

    October 26, 2007

    Thybo Advisory, the $2.3 billion Monaco-based fund of hedge funds firm, is seeking to hire a chief operating officer, a new position for the firm.

  • Trafigura Sub Eyes Metals Fund Reopening

    October 26, 2007

    Commodities trading firm Trafigura Group's hedge fund subsidiary, Galena Asset Management, is considering reopening its flagship metals fund to take in more capital.

  • U.S. Search Digest

    October 26, 2007

    The $6 billion University of Pennsylvania endowment is planning to increase its real assets exposure to 15% from 4.8% over a five- to six-year period.

  • Xaraf Opens strategy To Outsiders

    October 26, 2007

    Greenwich, Conn.-based Xaraf Management will open Xaraf Capital to outside investors Nov. 1.


 

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