Stories

  • Ehsani Seen Leaving Merrill To Start Fund

    December 05, 2007

    Merrill Lynch's Boris Ehsani, global head of proprietary credit trading, is reportedly leaving the firm to launch his own hedge fund.

  • "Flows are very healthy but they're not as strong as they were. But that's not surprising given the state of the markets."

    November 30, 2007

    --Thames River Capital's Edward Morse on investment inflows into his firm's Warrior II fund. Thames River had anticipated closing it with $750 million in September, yet assets remain at $520 million.

  • Actis Sells Power Company

    November 30, 2007

    London-based Actis, the $3.5 billion private equity firm, has sold its stake in Globeleq, an emerging markets power development and generation firm.

  • Audley Bails Out Canadian Miner

    November 30, 2007

    Audley Capital, the London-based activist firm led by Julian Treger, is investing up to C$40 million in troubled mining concern Western Canadian Coal.

  • Canadian Firm Preps Offshore Launch

    November 30, 2007

    Toronto-based Venator Capital Management is preparing to launch an offshore version of its maiden hedge fund Feb. 1.

  • Dot-Com Washout Launches Hedge Fund

    November 30, 2007

    Shannon River Capital Management, a private equity firm run by Spencer Waxman, has launched Doonbeg Fund, a technology sector-focused long/short strategy.

  • Dutch Firm Plots Growth For Europe Strat

    November 30, 2007

    Amsterdam-based Aster-X Capital Management, which manages just over €400 million, is seeking to double assets in the more concentrated of its two European long/short funds.

  • Eden Rock Unveils ABL-Only FoF

    November 30, 2007

    Eden Rock Capital Management, the $2.9 billion fund of funds firm, has launched a fund with 100% exposure to asset-based lending.

  • EIM Adds To Business Development Team

    November 30, 2007

    EIM Group, the New York-based fund of hedge funds subsidiary of the Geneva-based firm, has added a quartet of director-level staff to help its U.S. expansion efforts.

  • European Search Digest

    November 30, 2007

    AP-Fonden 1 plans to increase its alternatives exposure in international real estate and hedge funds to 15% pending its asset study.

  • Ex-Credit Suisse Director Joins FoF Firm

    November 30, 2007

    Michael Belotz, former director at Credit Suisse, has joined fund of hedge fund firm Lanx Management as managing director of research.

  • Goldman MD Starts LatAm-Focused Private Equity Firm

    November 30, 2007

    Alberto Arias, former managing director at Goldman Sachs, has founded private equity firm Arias Resource Capital Fund and launched ARC Fund focused on commodities, mining and metals in the emerging markets, primarily Latin America.

  • HarbourVest Preps Fund Of Internal Funds

    November 30, 2007

    HarbourVest Global Private Equity will launch a Guernsey-registered fund of its own funds Dec. 6.

  • Hollywood Alts Pitchman Hooks Up With Advisory Firm

    November 30, 2007

    Ironside Capital, the Greenwich, Conn., firm that links hedge fund and private equity money with Hollywood entertainment projects, has partnered with New York-based financial advisor SAGA Capital to developing a marketing plan.

  • HSBC Expects Hard Close For European Alpha Fund

    November 30, 2007

    HSBC's investment management arm Halbis, with over $1 billion in alternatives, expects to hard-close its long/short European Alpha Fund.

  • Laven Marketer Departs

    November 30, 2007

    Simy Prakash, marketer at London-based hedge fund advisory firm Laven Partners, left the firm Nov. 30. An official at the firm said last week that she will be on gardening leave and is considering her next move.

  • Mandate Scoreboard

    November 30, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Nov. 28.

  • Old Mutual Reopens U.K. Fund

    November 30, 2007

    Old Mutual Asset Managers has reopened its long-biased U.K. small- and mid-cap equity hedge fund.

  • One Year Ago In Alternative Investment News

    November 30, 2007

    High-profile London hedge fund firm GLG Partners was seeking to reassure investors about several of its underperforming funds in the run-up to year-end.

  • Oppenheim Eyes More Long/Short Action

    November 30, 2007

    Sal. Oppenheim, the private banking group with €148 billion under management, has more hedge fund launches in its sights.

  • Optimal Mulls FoF Wrappers

    November 30, 2007

    Santander's $9.8 billion fund of funds arm Optimal Investment Services is considering offering access to more of its funds via structured notes, following the launch this month of a wrapper linked to its U.S. Opportunities Fund.

  • Penso To Launch Special Situations Strat

    November 30, 2007

    Cedarhurst, N.Y.-based fund of hedge funds firm Penso Capital Markets is preparing to launch a single manager special situations hedge fund Jan 1.

  • Performance Snapshot: Long/Short Hedge Funds

    November 30, 2007

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

  • Polar Rolls Out Distressed Funds

    November 30, 2007

    Toronto- and Calgary-based hedge fund firm Polar Securities has launched a new strategy focused on distressed Canadian securities.

  • Proxima Markets L/S Equity Strat

    November 30, 2007

    Proxima, the $2.6 billion alternative investment firm partially owned by Vega Asset Management, has begun marketing its latest strategy, the Anglian Equity Fund that is managed by Mark Corigliano.

  • Thames River Closes Largest Fund To New Investors

    November 30, 2007

    London-based Thames River Capital has hard-closed its largest fund of hedge funds, the Warrior Fund, at nearly $750 million.

  • TXU Pair Plot Private Equity Vehicle

    November 30, 2007

    John Wilder and Mike Childers, the former ceo and head of competitive power generation, respectively, at TXU Corp., are readying an energy-focused private equity firm based in Dallas.

  • U.S. Search Digest

    November 30, 2007

    Schneider Electric's $1.3 billion defined benefit pension plan is considering increasing its allocation to alternatives in lieu of implementing liability-driven investment strategies to dampen volatility...


 

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