Stories

  • Brog Fixes For Proxy Battle At Peerless

    November 14, 2007

    Activist hedge fund investor Timothy Brog is "laying the groundwork for a proxy battle,” with El Segundo, Calif.-based Peerless Systems Corp.

  • "Nothing points to any sort of major correction."

    November 09, 2007

    --Vikas Gattani, founder of newly formed Singapore-based Progress Capital, on Asian equity markets.

  • AbCap Hit By Big October Losses

    November 09, 2007

    Absolute Capital Management, the beleaguered Mallorca-based hedge fund firm, saw most of its hedge funds take big losses last month.

  • Administrators Expect Slow Alts Growth

    November 09, 2007

    Growth in assets under management will drop to single digits over the next three years for alternatives managers because of recent market turmoil and a subsequent loss in confidence, according to a KPMG survey.

  • AIG Highstar Mulls Fourth Fund

    November 09, 2007

    New York's AIG Highstar Capital is likely to launch a fourth version of the AIG Highstar Capital Fund after the third iteration, AIG Highstar Capital Fund III, closed Oct. 30 with $3.5 billion.

  • Arsago To Enter Converts, Emerging Markets

    November 09, 2007

    Arsago Group, the Hurden, Switzerland- and Frankfurt-based hedge fund firm, is planning a move into convertible arbitrage and emerging markets.

  • Calyon Preps New Credit Managers

    November 09, 2007

    Calyon is expected to announce a reorganization that will name replacements for senior credit officials who departed in the wake of proprietary trading losses last month (AIN, 9/21).

  • Castle Harlan Affiliate To Open Singapore Office

    November 09, 2007

    Sydney-based CHAMP Private Equity, the Australian firm 50% owned by Castle Harlan, will open an office in Singapore in January.

  • CDO Managers Mull Tactics After Downgrades

    November 09, 2007

    European managers of collateralized debt obligations are picking their next moves after a raft of downgrades by Moody's Investors Service.

  • Chicago Shop Snags Healthcare Co.

    November 09, 2007

    Beecken Petty O'Keefe has acquired Maverick Healthcare after failing twice to buy the home healthcare provider.

  • Commodities Fund Overcomes Volatility For October Gains

    November 09, 2007

    Dallas-based quant commodities fund Liberty Commodity Partners rallied to positive October returns after volatility in the early part of the month had the fund down by as much as 2-3%.

  • Context Launches New Strategy

    November 09, 2007

    Convertible arbitrage hedge fund firm Context Capital Management has launched Context Python Fund, a distressed strategy, Nov. 1.

  • EIM To Expand Due Diligence Staff After Losses

    November 09, 2007

    EIM Group, the New York-based fund of hedge funds subsidiary of the Geneva-based firm, is expanding its team in response to recent losses.

  • European Search Digest

    November 09, 2007

    Devonport Royal Dockyard Pension Scheme is considering hiring a manager for an additional 5% property allocation, corresponding to nearly £45 million...Pensionskasse BVV Versicherungsverein des Bankgewerbes has postponed plans to make a maiden foray into commodities to 2008 from 2007 for unknown reasons...Lincolnshire County Council Pension Fund is considering investments in active currency management and hedge funds.

  • Five Years Ago

    November 09, 2007

    Consultants began actively pitching funds of hedge funds to institutional investors as a measure for boosting depressed portfolios.

  • Gattani Launches Fund With $50M

    November 09, 2007

    Vikas Gattani, former portfolio manager at JPMorgan who left to start Singapore-based Progress Capital this summer, has launched Progress Capital Fund with $50 million.

  • Hicks Group Adds MD

    November 09, 2007

    Dallas-based Hicks Equity Partners, the newly-formed private equity arm of Thomas Hicks' Hicks Holdings has hired Robert Swartz as managing director and partner.

  • Horizon21 Reopens Diversified FoF

    November 09, 2007

    Rainer-Marc Frey's Horizon21 has this month reopened its highly-diversified multi-strategy fund of funds, H21 Dynamic Alpha.

  • IAM Adds Director

    November 09, 2007

    Alexander von Mühlen has joined London fund of hedge funds firm International Asset Management as director, a new position.

  • KGR Eyes Indian FoF

    November 09, 2007

    KGR Capital is mulling the launch of an India-dedicated fund of hedge funds in the medium term.

  • Lightyear Hires Insurance Vet

    November 09, 2007

    Financial services-focused private equity firm Lightyear Capital has hired John Shettle as a senior advisor.

  • Mandate Scoreboard

    November 09, 2007

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

  • Mesirow FoF Group Heads Overseas

    November 09, 2007

    Mesirow Advanced Strategies, the fund of funds affiliate of Mesirow Financial, has opened a temporary office in London with an eye to establishing a permanent beachhead in the city.

  • One Year Ago In Alternative Investment News

    November 09, 2007

    Martin Currie Investment Management was preparing to launch its ninth fund, a long/short energy hedge fund.

  • Ospraie Wingspan Launches Seventh Fund

    November 09, 2007

    Ospraie Wingspan, the seeding platform of Ospraie Management, launched its seventh hedge fund Oct. 1.

  • Performance Snapshot: Fixed-Income Hedge Funds

    November 09, 2007

    The table below displays some of September's top performing fixed-income hedge funds, according to data provided by Eurekahedge.

  • Proctor Appoints New CEO

    November 09, 2007

    Mona Aboelnaga, co-founder of the third-party marketing and alternative investment firm Proctor Investment Managers, has been appointed CEO.

  • Rhicon Begins Marketing Currency Fund

    November 09, 2007

    London-based Rhicon Currency Management has begun marketing its maiden hedge fund four years after it launched.

  • SEC Settles PIPE Case

    November 09, 2007

    The Securities and Exchange Commission reached a settlement Nov. 5 with a New Jersey-based hedge fund and related parties over allegations the defendants engaged in unlawful private investments in public equity, or PIPE, trading.

  • Singapore Firm Launches Japan L/S Fund

    November 09, 2007

    Singapore-based Apiana Investments is getting underway this month with a new long/short Japanese equity fund.

  • Small Non-Profits Continue To Avoid Alts

    November 09, 2007

    Small non-profits are continuing to avoid investing in alternatives due to a lack of expertise, resources and purchasing power, according to a study by SEI's global institutional group.

  • Stillwater, Matrix Hit Asian Market

    November 09, 2007

    New York's Stillwater Capital Partners and London's Matrix Money Management are seeking Asian investors for Stillwater Matrix Fund, a fund of hedge funds they co-manage.

  • Sykes Pushes Transparency

    November 09, 2007

    After a 30% drawdown led Timothy Sykes to liquidate his hedge fund, Cilantro Fund Partners, the former whiz kid--who started his own hedge fund at 22 years old--has turned his attention to increasing transparency in the hedge fund industry.

  • Tower Capital Launches L/S Fund

    November 09, 2007

    New York hedge fund firm Tower Capital Management has launched Tower Concentrated Equity Long/Short Nov. 1.

  • Triple A Platform Takes Shape

    November 09, 2007

    Hong Kong-based Triple A Partners has raised $100-150 million in seed capital for its planned platform of Asia-focused funds and aims to be closer to its $300 million target by year-end.

  • U.S. Search Digest

    November 09, 2007

    The $1.2 billion Manhattan & Bronx Surface Transit Operating Authority Pension Plan will begin discussing how to approach initial investments in private equity.

  • Utilities Fund Lines Up PM

    November 09, 2007

    The Medea Pan-European Utilities Fund, a hedge fund incubated by London-based PCE Investors, has lined up a co-portfolio manager who will come onboard next quarter.

  • WellsCap Promotes Alpha Overlay Strategy

    November 09, 2007

    Armed with a one-year track record, Wells Capital Management is stepping up the marketing of its Tactical Alpha Overlay strategy with the goal of doubling its assets over the next 12 months.

  • Woman-Run India Hedge Fund Launches

    November 09, 2007

    Anu Sahai, formerly a portfolio manager at ING Investment Management, has founded Scottsdale, Ariz.-based Anew Capital Management and launched its maiden hedge fund Nov. 1.

  • WR Capital Launches New FoF

    November 09, 2007

    Stamford, Conn., fund of funds firm WR Capital Management has teamed up with a family office to launch WR Select Fund with $165 million.


 

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