Stories

  • "They're hysterical and they're out of control. It's like the Salem witch trials."

    December 07, 2007

    Phil Goldstein on real estate firm Gyrodyne suing his Bulldog Investors' over an alleged defective proxy statement.

  • Alpha Generation Forum

    December 07, 2007

    Institutional Investor's 3rd Annual Alpha Generation Forum was held Dec. 3-4 at The Doubletree Metropolitan Hotel in New York.

  • Alts Specialists In Demand At Nonprofits

    December 07, 2007

    The frenzied pace of foundations and endowments seeking chief investment officers has opened doors for alternatives specialists with their sights on the top job.

  • Arsago Taps JPMorgan Marketer

    December 07, 2007

    Arsago Group has hired Dieter Lüscher from JPMorgan to head up marketing and investor relations.

  • Boldt Makes Case For 'Spaceship Alpha'

    December 07, 2007

    Water, global warming infrastructure, intellectual property rights and shares of European soccer stars are all examples of the next wave of emerging, niche markets Perella Weinberg Partners' Bob Boldt has labeled "spaceship alpha."

  • Brazil Firm Sets Up BRIC FoF

    December 07, 2007

    São Paulo-based Itaú Private Bank, the private banking arm of the Itaú Group, plans to launch an emerging markets fund of hedge funds the middle of next year.

  • Diapason Prepares New Launches

    December 07, 2007

    Lausanne, Switzerland-based Diapason Commodities Management is preparing to launch a long/short agriculture strategy and a fixed income strategy the week of Dec. 20.

  • European FoFs Return To Structured Notes

    December 07, 2007

    European fund of hedge fund firms are offering their strategies via structured notes in increasing numbers after a lull of several years.

  • European Search Digest

    December 07, 2007

    Spectris Pension Plan is planning to move away from benchmark-driven investing and swing its international equity portfolio toward absolute return strategies.

  • Hedge Fund Indices Get Pummeled

    December 07, 2007

    Hedge fund indices came up red last month, with the broad Barclay Hedge Fund Index returning an estimated -1.87%, a record even worse than August's when it was down 1.45%.

  • Horizon21 To Unveil New FoF Strat

    December 07, 2007

    Horizon21 Private Equity, a unit of Rainer-Marc Frey's $11 billion Swiss alternatives firm, will launch the first in a new range of private equity funds of funds in the next few weeks.

  • HSBC Readies LatAm FoF

    December 07, 2007

    HSBC Alternative Investments is raising assets for a $200 million private equity fund of funds focused on Latin America, which is set for a first-closing in January.

  • INVESCO Hires Sales Director

    December 07, 2007

    Michael Bowman, a managing director at Advent Capital Management, has joined INVESCO's San Francisco office to head up client service and sales for its real estate, private equity, hedge fund and structured product offerings on the West Coast.

  • Investors Shift Focus To Developing Markets, VC

    December 07, 2007

    Private equity investors are losing interest in the U.S. buyout sector in favor of emerging markets and venture capital, according to the latest edition of Coller Capital's semi-annual Global Private Equity Barometer.

  • Is NYC Comptroller About To Take The Plunge?

    December 07, 2007

    Rita Sallis, chief investment officer at The New York City Comptroller's Office hinted strongly that the $105 billion firm is close to carving out an allocation to 130/30 hedge funds.

  • Kim Leaves CapitalFusion

    December 07, 2007

    Daniel Kim, managing principal at CapitalFusion Alternative Investments, has left the Los Angeles-based firm, effective Friday, to start his own fund.

  • KKR, Deutsche Team Up For Note

    December 07, 2007

    Kohlberg Kravis Roberts and Deutsche Bank have launched a first-of-a-kind deal offering leveraged and principal protected notes linked to the private equity giant's investment portfolio.

  • Living On The Hedge...

    December 07, 2007

    This week I attended a media reception at New York's New Museum of Contemporary Art. I assure you the decision to attend was entirely due to my interest in modern art and had absolutely nothing to do with the free booze that was provided.

  • Mandate Scoreboard

    December 07, 2007

    The table below shows new allocation commitments gained by alternative managers year-to-date through Dec. 5.

  • Martin Currie Gets Energy Pro

    December 07, 2007

    Edinburgh-based Martin Currie Investment Management has hired Ruairidh Stewart as a sector manager focused on resources and co-manager of its long/short energy fund.

  • Morton Bangs Drum On Emerging Markets Debt

    December 07, 2007

    Emerging markets debt is one of the best asset classes right now available, with 7.5-9.5% annual returns and 6% volatility expected for the foreseeable future, according to David Morton, partner at Rocaton Investment Advisors.

  • Odey To Tout Smaller Funds

    December 07, 2007

    Odey Asset Management, the London hedge fund firm led by Crispin Odey, will increase marketing efforts for its three smallest hedge funds starting in January.

  • One Year Ago In Alternative Investment News

    December 07, 2007

    Daniel Loeb's Third Point began an activist campaign against Pogo Producing, ripping CEO Paul van Wagenen--labeling his tenure "meager"--and calling for the oil and gas company to be sold.

  • Panel Cautions Against Chasing Returns

    December 07, 2007

    Picking managers based on past returns is the wrong approach, according to Jaeson Dubrovay, senior consultant at New England Pension Consultants.

  • Performance Snapshot: Multi-Strategy Hedge Funds

    December 07, 2007

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

  • Quant Correlation Opens Window For 130/30

    December 07, 2007

    Poor performance in so many quantitative strategies during August may prompt pension plans to hire other types of managers.

  • Real Estate Fund Gains On Defensive Holdings

    December 07, 2007

    London and Paris-based Reech CRBE Alternative Real Estate's Iceberg Alternative Real Estate Fund I and II returned 5.76% and 6.08%, respectively, last month, from holdings in defensive stocks that were inversely correlated to slumping real estate markets.

  • REIT Sues Goldstein Over Proxy

    December 07, 2007

    St. James, N.Y.-based real estate investment trust Gyrodyne is suing Phil Goldstein's Bulldog Investors over an allegedly defective proxy statement.

  • Reporter's Notebook

    December 07, 2007

    * Chump Change? "You're almost like a chump if you're not adopting 130/30, right?" said Michael Hennessey, managing director, Morgan Creek Capital Management, eliciting some chuckles from the room with his tough stance.

  • SAC Pair To Launch Tech Strat

    December 07, 2007

    Chris Zepf and Brian Thonn, formerly of SAC Capital Advisors, have founded Kingdom Ridge Capital.

  • Stratix To Cash Out Dec. 31

    December 07, 2007

    New York telecoms, media and technology hedge fund firm Stratix Asset Management is closing its $530 million fund Dec. 31 as its partners have decided to take personal time off.

  • Thor Optima Fund Adds Double Leverage Share Class

    December 07, 2007

    Thor Asset Management, a New York-based statistical arbitrage shop, is launching in January of 2008 a double leveraged share class of its flagship Thor Optima Fund.

  • U.S. Search Digest

    December 07, 2007

    The Ford Foundation may increase slightly its 5% exposure to hedge funds.

  • Vaughan-Smith Sets Q1 Launch For Maiden FoF

    December 07, 2007

    SilverStreet Capital, the London fund of hedge funds firm co-founded earlier this year by Gary Vaughan-Smith, will launch its first strategy, a 'best ideas' fund of funds in Q1.

  • Viking Seeks Structured Credit Analyst

    December 07, 2007

    Hedge fund firm Viking Global Investors is seeking to add a structured credit analyst.

  • Will Greed Lead To Fed Intervention?

    December 07, 2007

    If performance fees charged by hedge funds continue to push north of 30%, the U.S. Department of Labor could get involved to cap them, said Gregory Williamson, senior investment manager at BP America.

  • Zurich Firm Preps Green FoF Launch

    December 07, 2007

    Zurich, Switzerland-based Systematic Absolute Return SAR is preparing to launch its first socially responsible fund of hedge funds Jan. 1.


 

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