Stories

  • "It's a Darwinian business and these turkeys have not done anything for anybody."

    November 16, 2007

    --KGR Capital CEO Mark White on Japan-focused hedge funds.

  • Argentine Firm Rolls Out Fund In U.S., Europe

    November 16, 2007

    Convex Management, the Buenos Aires-based hedge fund firm co-founded by Andres Azicri of Oppenheimer, has begun to market its maiden fund to U.S. and European investors for the first time.

  • Arsago Strats To Be Offered As Notes

    November 16, 2007

    Strategies managed by Arsago Group are to be included in several capital-guaranteed notes linked to multiple funds, which are being prepared for investment banks.

  • Aussie Firm To Launch Second PE Fund

    November 16, 2007

    Taurus Funds Management, a private equity firm based in Sydney, is planning its second fund to launch late next year.

  • European Search Digest

    November 16, 2007

    West Midlands Metropolitan Authorities Pension Fund has increased its alts allocation to 19.5% from 15.2%...Berne, Switzerland's ASCOOP Pensionskasse is in the preliminary stages of analyzing alternatives with a view to invest by end-2008.

  • Ex-Saranac President Joins Long Island Firm

    November 16, 2007

    Ajay Dravid, former president of the now closed Saranac Capital Management, has joined Bridgehampton Capital Management Nov. 1.

  • Ex-Tudor Trader Forms Emerging Markets Tech Fund

    November 16, 2007

    Robert Levin, former trader at Tudor Investment Corporation and Moore Capital, has formed Marco Polo Global in New York and plans to launch a long/short hedge fund March 1.

  • Frey Shutters Pair Of Funds

    November 16, 2007

    Horizon21, the $11 billion Swiss firm founded by Rainer-Marc Frey, has returned investor capital in a global macro fund and a commodities strategy after neither produced what the firm viewed to be adequate performance.

  • GEM Gains On China, U.S. Shorts

    November 16, 2007

    GEM Global Equities Management's Emerging Value Opportunities Fund is up 20% year-to-date, primarily due to short plays on stocks in China and the U.S.

  • Goldman, Gartmore Vets Team For New L/S Fund

    November 16, 2007

    Gary Greenberg and Bruce Seton, formerly of Goldman Sachs and Gartmore Investment Management, respectively, have co-founded London-based Silkstone Capital Management and launched its maiden hedge fund Nov. 1.

  • Gottex To Add Analysts

    November 16, 2007

    Gottex Fund Management, the Lausanne, Switzerland-based fund of funds firm with over $14 billion under management, is seeking to hire two analysts.

  • Ivy Eyes Asia Growth With New Hire

    November 16, 2007

    New York-based hedge fund of funds Ivy Asset Management has hired Alex Balfour as managing director, head of client development, Asia/Ex-Japan--a new position for the firm as it seeks to add Asian investors.

  • Japanese Hedge Fund Investments Plummet

    November 16, 2007

    Assets in Japan-focused hedge funds have shrunk by more than half in the past year, down to $4 billion from $9.5 billion, according to estimates by Asian fund of funds specialist KGR Capital.

  • Lazard Opens TMT Fund

    November 16, 2007

    New York's Lazard Asset Management has opened its Lazard TMT Advantage Strategy to outside investors.

  • Macquarie To Launch Event-Driven Strat

    November 16, 2007

    Macquarie Investment Management, the London subsidiary of the Sydney-based bank, is preparing to launch a special-situations, event-driven fund next quarter.

  • Mandate Scoreboard

    November 16, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Nov. 14.

  • Monsoon To Launch Second Fund

    November 16, 2007

    New York's Monsoon Capital is planning to launch its second fund, Monsoon India Multi Strategy, Feb. 1.

  • Mulvaney Fund Reduces YTD Losses

    November 16, 2007

    London-based hedge fund firm Mulvaney Capital's Global Markets Fund returned 13.72% in October, going some way to claw back performance lost earlier this year.

  • New Firm Seeks Downsized Structurers For Alts Clients

    November 16, 2007

    A new recruiting firm, Link Global Solutions, is seeking to place laid-off structured finance professionals with hedge fund and private equity firms seeking to enter the CDO market.

  • 'Non-Performing' LatAm Loan Fund To Launch

    November 16, 2007

    New York-based The Provident Group and its San Diego-based affiliate Thornton Americas are launching The Provident Thornton NPL Fund I dedicated to non-performing loans throughout the Americas.

  • One Year Ago In Alternative Investment News

    November 16, 2007

    Parex Asset Management--the €1.1 billion fund management arm of Latvian banking firm Parex Group--was making its first foray into private equity.

  • Performance Snapshot: Global Macro Hedge Funds

    November 16, 2007

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

  • Platinum Makes Two Acquisitions

    November 16, 2007

    Los Angeles-based buyout firm Platinum Equity has closed on two acquisitions, purchasing Tecumseh Products' engine and powertrain division and Chicago-based metals processor Ryerson.

  • Shooter Fund Hit Hard By October Losses

    November 16, 2007

    Shooter Fund Management, the London-based hedge fund firm led by Mark Shooter, suffered huge losses in its flagship Shooter Multi-Strategy Fund in October, sending it into negative territory for the year.

  • Study Finds Seeded, Supported Funds Generate Better Returns

    November 16, 2007

    Hedge fund firms with institutional backing produce better returns than ones with no such help.

  • U.S. Search Digest

    November 16, 2007

    The $450 million Florida State University Foundation has doubled its exposure to hedge funds.

  • Utilities Manager Mulls Global Fund

    November 16, 2007

    Jason Gould, founder and cio of the PCE Investors-backed Medea Pan-European Utilities Fund, is considering expanding his long/short strategy to cover global utilities, possibly including infrastructure.


 

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