Stories

  • Imperial County Studies Hedge Funds

    June 26, 2008

    The $500 million Imperial County (Calif.) Employees Retirement System is learning about funds of hedge funds as a way to diversify its portfolio.

  • Franklin Templeton To Launch MENA Fund

    June 26, 2008

    Franklin Templeton Investments announced plans to introduce a Middle East and North Africa fund, Dow Jones reports.

  • Asia To Create HF Jobs

    June 26, 2008

    Despite a shrinking investment banking industry in the U.S., one recruiter thinks the alternative investments sector in Asia might create more jobs in the region, Bloomberg reports.

  • Malaysia’s AmInvestment Commits USD320M To Water

    June 26, 2008

    Malaysia’s AmInvestment Bank and Singapore water firm Konzen have introduced a water fund that aims to raise USD320 million to invest in water projects in Asia, Reuters reports.

  • CDC Commits USD250M To Indian Funds

    June 26, 2008

    CDC Group, a U.K government-backed private equity fund of funds, has committed USD250 million to three funds that focus on infrastructure and real estate in India.

  • Intervale Buyout Fund Closes Above Target

    June 26, 2008

    Intervale Capital closed its first buyout fund, Intervale Capital Fund, at USD280 million, beating its original target of USD200 million.

  • Ex-Brahman Execs To Launch Europe Fund

    June 26, 2008

    A group of young managers have left hedge fund Brahman Capital to prep the launch of Western European turnaround situations fund in August, Reuters reports.

  • OakBrook Investments Boosts Assets

    June 26, 2008

    Quantitative hedge fund firm OakBrook Investments in Lisle, Ill., has grown assets by almost half by securing 10 new mandates totaling about $400 million.

  • CAVU Lines Up Analysts

    June 26, 2008

    CAVU Capital Advisors has lined up an industrials analyst who will join the $275 million South Norwalk, Conn., firm in August.

  • Dubai’s M'Sharie To Offer 40% Stake

    June 25, 2008

    The private equity division of Dubai Investments Company, M'Sharie, is unloading a 40% stake in a private placement and plans to offer shares to the public within two years, an executive told Gulf Daily News.

  • Singapore, Qater Contemplate Barclays Buy

    June 25, 2008

    Singapore’s Temasek Holdings and the Qatar Investment Authority are part of the lot of sovereign wealth funds considering supporting a share issue by Barclays, which is looking to GBP4 billion, Financial Times reports.

  • AltEdge Introduces Commodity, Distressed Funds

    June 25, 2008

    AltEdge Capital Management has launched two funds of hedge funds, with the launch of a commodity trading adviser fund in March and a distressed fund in May, FINalternatives reports.

  • Blackstone To Commit USD500M To Pipeline Co.

    June 25, 2008

    Private equity firm Blackstone Group is looking to commit USD500 million to Crestwood Midstream Partners, a new pipeline company, The Wall Street Journal reports.

  • Chilton Investment Hires Client Relations Head

    June 25, 2008

    Chilton Investment Company has appointed Francie Heller to fill the newly created position of managing director of client relations.

  • Quant Firm Preps 130/30 Launch

    June 25, 2008

    San Diego’s Denali Advisors is raising assets for a 130/30 fund, set to launch by the end of the year with around $60 million.

  • Former UBS Director Joins Brazilian Bank

    June 25, 2008

    Eliza Pepper, former head of the manager research group within UBS’ alternative investment business, has joined Itaú Private Bank, the private banking arm of São Paulo-based Itaú Group.

  • Greylock Preps LatAm Fund

    June 25, 2008

    Greylock Capital Management will launch the Greylock LatAm Opportunity Fund in the fourth quarter.

  • Buckeyes To Boost Alternatives

    June 25, 2008

    The Ohio State University is planning to increase its exposure to alternative investments.

  • IPM Seeks Portfolio Managers, Eyes Systematic Launches

    June 25, 2008

    Informed Portfolio Management is seeking to add two portfolio managers to its 26-strong team in the next six months.

  • King’s Crossing To Launch Multi-Strat Fund

    June 25, 2008

    Toronto-based hedge fund firm King’s Crossing Capital is set to launch a foreign exchange and futures strategy in August, in both domestic and offshore versions.

  • Gartmore Closes Two Japan Funds

    June 25, 2008

    Gartmore Investment Management has soft-closed two Japan-focused long/short equity hedge funds—the AlphaGen Tenro Fund and the AlphaGen Hokuto Fund—at $201 million and $791 million, respectively.

  • Ex-UBS Pro Lines Up Goldman Cash For Launch

    June 25, 2008

    Shane Finemore, ex-managing director at UBS, has formed Manikay Partners and will launch a hedge fund Aug. 1.

  • DDX Lowers Investment Minimums

    June 25, 2008

    Toronto’s DDX Capital Partners is lowering the investment minimums for its Canadian onshore market-neutral technology fund and an upcoming offshore version.

  • Kuwait Investment Firm Mulls IPO

    June 24, 2008

    Global Investment House announced that Global MENA Financial Assets plans to go public and list in the U.K. and trade on the London Stock Exchange's main market for listed securities.

  • Hedge Fund Firm Launches Eco-Friendly Fund

    June 24, 2008

    PCM Capital, a Hong Kong-based hedge fund manager, has introduced its second fund of funds within the green sector, FINalternatives reports.

  • Athamas Launches New SICAV Fund

    June 24, 2008

    Luxembourg-domiciled alternative investment fund Athamas Capital launched the Athamas Capital SICAV SIF Hedge Fund in June, HedgeCo.Net reports.

  • London Hedgie Earns GBP45M Amid Credit Crisis

    June 24, 2008

    A London-based hedge fund manager collected nearly GBP46 million in compensation and performance fees last year even while the credit crisis cost his firm about one-third of annual profits, The Times of London reports.

  • Ex-Citigroup Fixed-Income Heads To Start Fund

    June 24, 2008

    Two former Citigroup bond and fixed income heads, Randy Barker and Geoff Coley, are starting a hedge fund, people who have spoken with the two told Reuters.

  • Ashmore Seeks $2.5B For Emerging Markets PE Fund

    June 24, 2008

    Ashmore Investment Management is seeking to raise at least $2.5 billion by the end of the year for a new global emerging markets special situations fund.

  • Somerset Seeks First Private Equity Manager

    June 24, 2008

    Somerset County Council has tendered its first private equity mandate, worth £30 million, for its £1.1 billion pension fund.

  • London Start-Up Gains With Oil Derivatives

    June 24, 2008

    London firm BlueGold Capital Management benefited last month from derivatives plays on oil.

  • Paragon To Take Chinese Companies Public

    June 24, 2008

    New York’s Paragon Capital is seeking Chinese companies with which it will perform alternative public offerings.

  • VC Firm Pitches Philippines Fund To U.S. Investors

    June 24, 2008

    Manila-based firm ICCP Venture Partners is marketing its Pacific Synergies IV fund to U.S. investors for the first time.

  • Citadel Picks Up Citi Trading Bigwig

    June 24, 2008

    Christian Schackmann, head of single stock derivatives trading at Citigroup in London, has moved to Ken Griffin’s Citadel Investment Group.

  • INTL, First City To Launch Africa ME Fund

    June 20, 2008

    First City Monument Bank and INTL Consilium have linked up to launch a USD100 million hedge und that will invest in Africa and the Middle East, Thisday reports.

  • Japan’s Leadership Suggests Sovereign Wealth Fund

    June 20, 2008

    A ruling party panel in Japan is pushing the Asian nation to create a sovereign wealth fund to better manage its pension funds, Reuters reports.

  • Global Hedge Funds Up In April, May

    June 20, 2008

    Global hedge funds had the first consecutive rise this year in May, led by European managers, as a result of equities and commodities, specifically oil and gas gains, according to Eurekahedge, Bloomberg reports.

  • Accel-KKR Backs PE Firm M2

    June 20, 2008

    Technology private equity firm Accel-KKR is supporting the launch of software- and services-focused private equity firm M2 Technology Partners, but did not close financial terms.

  • Blackstone's GSO, Monarch to Start New Debt Funds

    June 20, 2008

    Blackstone Group unit GSO Capital Partners and Monarch Alternative Capital are raising money to invest in distressed companies, Bloomberg reports.

  • Aylott Taps Former Colleague From ZAN

    June 20, 2008

    Japan specialist John Aylott has hired an assistant portfolio manager from former haunt ZAN Partners.

  • Managed Accounts On The Rise

    June 20, 2008

    Separately-managed accounts are becoming a more popular option because hedge fund managers are finding it harder to raise assets and investors are demanding more transparency, liquidity and the ability to negotiate fees.

  • Eton Park, Citadel Among Derivatives Nominees

    June 20, 2008

    Several high-profile hedge fund firms are nominated for awards to be presented later this year by sister publication Derivatives Week.

  • TCU To Revamp Investment Strategy

    June 20, 2008

    The $1.2 billion endowment of Texas Christian University will no longer be defining hedge funds as an asset class, a move that will give the university more flexibility when investing in the strategies.

  • Ex-Credit Suisse Pro Joins SAM

    June 20, 2008

    Roman Binder, former chief credit officer for private banking, Asia Pacific and Middle East at Credit Suisse, has joined Sustainable Asset Management as its chief operating officer.

  • Xavier Hires New Investment Head, Looks At Alts

    June 20, 2008

    Xavier University has hired Maribeth Amyot as v.p. for financial administration to oversee its $120 million endowment.

  • Chicago School Kick Off Hedge Fund Interviews

    June 20, 2008

    The $11 billion Chicago Public School Teachers Pension & Retirement Fund has narrowed down its list of candidates for funds of hedge funds and will conduct manager interviews in the summer and fall.

  • Morgan Stanley Names MENA Biz Development Co-Head

    June 20, 2008

    Morgan Stanley has appointed Michael Samaha co-head of Middle East and North Africa sales and business development for Morgan Stanley Investment Management (MSIM).

  • ING Investment Launches LatAm Equity Fund

    June 20, 2008

    ING Investment Management India has introduced what claims to be India’s first Latin America Equity Fund, India Infoline News Service reports.

  • American Hedgies Fraudster Gets Longer Sentence In HK

    June 20, 2008

    The American behind a USD46.5 million hedge fund fraud case will has had his sentence extended, FINalternatives reports.

  • Hedge Fund Liquidations Up, Launches Down In Q108

    June 20, 2008

    The first quarter of 2008 took a toll on the hedge fund industry as 170 liquidated during compared with 138 in the first quarter of 2007.

  • ING Investment launches Latin America Equity Fund

    June 20, 2008

    ING Investment Management India has introduced what claims to be India’s first Latin America Equity Fund, India Infoline News Service reports.

  • Romney’s Son At Work On PE Fund

    June 20, 2008

    Mitt Romney’s son Tagg Romney has left the campaign trail for the world of private equity and is now one of four co-founding principals of Boston-based Solamere Capital, peHub reports.

  • Ex-Credit Suisse Pro Joins SAM

    June 20, 2008

    Roman Binder, former chief credit officer for private banking, Asia Pacific and Middle East at Credit Suisse, has joined Sustainable Asset Management as its chief operating officer.

  • "It is tantamount to punching someone in the face, and then afterwards asking their views on domestic violence."

    June 20, 2008

    --Ian Morley, ceo of Dawnay, Day, on the Financial Services Authority's lack of consultation on new short-selling disclosure rules.

  • Search Directory

    June 20, 2008

    The following directory includes search activity for the week.

  • Fixed Income Hedge Funds

    June 20, 2008

  • Mandate Scoreboard

    June 20, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through June 18.


 

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