Stories

  • Former BofA Pro Preps Macro Strat

    July 03, 2008

    Peter Forlenza, ex-managing director at Bank of America, has founded Outpost Investment Group and will launch a global macro strategy in August.

  • Lehman Mortgage Chief Seen Leaving For Cerberus

    July 03, 2008

    Brendan Garvey, head of prime mortgage trading at Lehman Brothers, has left the firm.

  • Family Office Eyes Currency Exposure

    July 03, 2008

    Multi-family office Barrett Capital Management plans to invest in a currency-focused hedge fund sometime this year.

  • Ex-Perry Manager Powers Up Energy Fund

    July 03, 2008

    Tye Schlegelmilch, former head of industrials and energy investments at Richard Perry’s New York hedge fund Perry Capital, has left to set up Sonterra Capital and launch a long/short equity fund targeting the industrials, energy, merchant power and natural gas sectors.

  • HFIM Readies Raft Of Launches

    July 03, 2008

    Hedge Fund Investment Management will roll out a series of nine funds of emerging hedge funds in the next two or three years.

  • Fort Washington To Expand Direct Co-Investment Program

    July 02, 2008

    Fort Washington Capital Partners Group, the private equity arm of Fort Washington Investment Advisors, is looking to increase its direct co-investment program.

  • Pa. Start-Up To Get Seed Partner

    July 02, 2008

    Canonsburg, Pa., firm Fusion Capital Management is in talks with potential seeding partners, including a dedicated seeding firm, family offices and some high-net-worth individuals.

  • Dubai Taps Morgan Stanley For PE MD

    July 02, 2008

    Dubai International Capital (DIC), the international investment unit of Dubai Holding, has hired David Smoot as managing director of private equity.

  • India’s Jacob Ballas Plans USD500M India Fund

    July 02, 2008

    Indian finance company Jacob Ballas Capital India is preparing to launch a USD500 million India-focused private equity fund, Business Standard reports.

  • Cazenove Preps Absolute Target Fund

    July 02, 2008

    Cazenove Capital Management announced that a new subsidiary, Cazenove Absolute Return Fund Company, will launch the Cazenove UK Absolute Target Fund on July 18.

  • Skandia Introduces Offshore FoF

    July 02, 2008

    Skandia has launched an offshore fund of funds that hopes to deliver protection from the global equity markets while realizing returns, Citywire reports. The fund opened July 1 for six weeks and will launch on Sept. 1.

  • Duff Capital To Acquire North Sound

    July 02, 2008

    Investment firm Duff Capital Advisors announced plans to purchase hedge fund group North Sound Capital, Reuters reports.

  • Blackstone, Hicks To Fundraise For SPAC

    July 02, 2008

    The Blackstone Group has partnered with the Hicks Acquisition Company to broker a USD3.2 billion deal between an industrial company and a special purpose acquisition company, Financial News reports.

  • Stenham Eyes Singapore Dollar Class

    July 02, 2008

    Stenham Asset Management will add a Singapore dollar tranche to its multi-strategy fund of hedge funds in the next three or four months if there is sufficient investor demand.

  • Gottex Sues Stewardship Over Redemption

    July 02, 2008

    Gottex Fund Management is suing hedge fund firm Stewardship Investment Advisors and Founder Marlon Quan, accusing Stewardship of preventing Gottex from redeeming more than $100 million from the Stewardship Credit Arbitrage Fund.

  • CalPERS Commits $700 Million To PE Fund

    July 02, 2008

    The California Public Employees Retirement System (CalPERS) will invest $700 million in private equity firm PCGI’s Global Opportunity Fund II.

  • L/S Equity Firm Profits From GM, Ford Shorts

    July 02, 2008

    General Motors Corp. may have produced greater sales than Toyota, but Chris Wang, founder and ceo of SYW Capital Management, is continuing to short the auto manufacturer, a short that helped produce almost a quarter of the fund’s 18% profit in June.

  • Rachel Minard Joins Cogo Wolf

    July 02, 2008

    San Francisco fund of hedge funds firm Cogo Wolf Asset Management has hired industry veteran Rachel Minard in the new position of president to lead the firm’s efforts in attracting large institutions.

  • Dubai Bids For Russian Energy House

    July 01, 2008

    State-owned investment group Dubai World and OAO Roskommunenergo, an energy trader run by the son of the Kremlin’s main real estate official, have put forth an offer to acquire Russia’s largest wholesale power producer, OGK-1, for USD5.34 billion, before price caps end in 2011, Bloomberg reports.

  • Singapore’s Wittenham Launches Frontier Fund

    July 01, 2008

    Singapore’s Wittenham Investment Management has introduced a fund of hedge funds that will commit to frontier capital markets, in countries in Africa, the Middle East and former-U.S.S.R. countries, Reuters reports.

  • Geomatrix To Launch USD2B For Asia Fund

    July 01, 2008

    Robert Howe, founder of Hong Kong-based Geomatrix, plans to raise up to USD2 billion for a new hedge fund that will invest in Asian companies, Bloomberg reports.

  • Prince Charles To Introduce GBP1B RE Fund

    July 01, 2008

    Prince Charles is prepping the launch of a GBP1 billion real estate fund that will invest in sustainable projects, The Telegraph reports.

  • Ex-Citigroup Distressed Traders To Launch Fund

    July 01, 2008

    Citigroup announced plans to reorganize its distressed debt unit following the announcement that top traders Jeff Jacob and John Humphrey will soon leave to start a new hedge fund, MarketWatch reports.

  • Clayton Dubilier’s Eighth Fund Touches USD4B

    July 01, 2008

    U.S. buyout house Clayton Dubilier & Rice held the second close of its eighth fund at USD4 billion, Financial News reports.

  • Arizona Firm Touts India Fund

    July 01, 2008

    Anu Sahai, founder of Scottsdale, Ariz., firm Anew Capital Management, is in New York this week pitching her India-focused long/short equity and convertible arbitrage strategy to investors.

  • Investcorp To Seed More Hedge Funds

    July 01, 2008

    Bahrain firm Investcorp has lined up two start-up hedge funds—a European event-driven strategy and a Europe-focused long/short offering—to join the six other funds on its single-manager seeding platform.

  • Godvig Eyes Soft-Close For Iraq Fund

    July 01, 2008

    Godvig Capital Management expects to soft-close its Iraq-focused Babylon Fund because of liquidity constraints on the Iraq Stock Exchange (ISX).

  • AlphaTran To Push For Assets

    July 01, 2008

    London start-up AlphaTran Capital will make its first push for assets after the summer.

  • Ex-Duke Manager Starts FoF Firm

    June 30, 2008

    Jared Perry, former investment manager at Duke University’s endowment, has co-founded Boston firm Stonehorse Capital Management, which will launch its maiden fund of hedge funds Aug. 1.

  • IFC Commits $40M To Pan Africa Private Equity Fund

    June 30, 2008

    The International Finance Corp., a member of the World Bank Group, is pledging USD40 million to the Aureos Pan Africa Fund, FINalternatives reports.

  • Shanghai Considers Offshore Status

    June 30, 2008

    Shanghai is reviewing plans to become an offshore finance center and offer preferential tax policies for private equity houses, Shanghai Securities News reports, citing unidentified people.

  • Branson’s Eco-Energy Fund Lands USD199M

    June 30, 2008

    Virgin Group Founder Richard Branson’s green energy fund, Virgin Green Fund, has raised its first USD199 million, Financial Times reports.

  • Mandarine Gestion Preps Two Funds

    June 30, 2008

    Paris-based Mandarine Gestion announced plans to launch two new funds and reportedly hired a new manager to head on of them, Citywire reports.

  • Lehman, Aladdin To Raise USD3B

    June 30, 2008

    Lehman Brothers and Aladdin Capital are among the many firms raising money for alternative investments, despite a rocky market and low returns for hedge funds, Financial News reports.

  • Lithuanian Firm Seeks U.S. Money

    June 30, 2008

    Lithuanian private equity firm Baltvesta is marketing to U.S. investors for the first time, and director Ieva Antanaityté is in the U.S. this week speaking with potential investors.

  • Polar Taps Credit Suisse Risk Pro

    June 30, 2008

    Polar Capital has hired Karim Vellani as chief risk officer.

  • AIN Data Commentary

    June 27, 2008

    With the exception of Short Biased, all hedge fund strategies posted positive returns for May.

  • Front Street Markets Agri Fund

    June 27, 2008

    Frank Mersch and Prakash Hariharan of Toronto firm Front Street Capital are marketing the firm’s latest rollout, its first to focus on agricultural equities.

  • BNP Paribas Preps MENA PE Fund

    June 27, 2008

    The French banking house BNP Paribas plans to introduce its first private equity fund outside Europe, with between USD200 - USD400 million, Thomson Merger News reports.

  • Al Rajhi Preps USD300M Shariah RE Fund

    June 27, 2008

    Saudi Arabia-based conglomerate Al Rajhi Group is starting a shariah-compliant USD300 million Singapore-based fund that will invest in Asian property, Reuters reports.

  • Lloyd George Launches Green Fund

    June 27, 2008

    Asian investment firm Lloyd George Management has launched a fund aimed at benefiting from heightened awareness and governmental moves to be more active in environmental issues throughout Asia.

  • Castlestone Expands Sales Team Post Fund Launch

    June 27, 2008

    Dublin-based alternative investments specialist fund manager Castlestone Management has hired to join its U.K. sales force after introducing its first UCITS-compliant fund, the Aliquot Active Commodity Index Fund.

  • Hedge Fund Standards Board Names New Chair

    June 27, 2008

    The Hedge Fund Standards Board (HFSB) has elected Antonio Borges its first permanent chairman, effective July 1.

  • LatAm Investors Should Bet On Brazil, CAAM Says

    June 27, 2008

    Investors committed to Latin America should be heavy on Brazil, the region’s strongest economy, while remaining light on Argentina, Mexico and Chile, Reuters reports, citing a Credit Agricole Asset Management (CAAM) executive.

  • Feds To Reveal Status Of Bear Hedge Fund

    June 27, 2008

    The Federal Reserve Bank will disclose the value of the Bear Stearns hedge fund portfolio now owned by JP Morgan and managed by BlackRock Financial Management, Financial News reports.

  • Institutions Not Shaken By 2007 HF Losses

    June 27, 2008

    Despite a rocky market, institutions remain committed to hedge funds, with recent research from Greenwich Associates and Global Custodian suggesting that the downturn in hedge fund performance last year did not force investors to bail.

  • Pamplona Lines Up Bear Stearns Pros For Credit Launch

    June 27, 2008

    Pamplona Capital Management has tapped Yves Leysen and a six-strong team from Bear Stearns to launch the Pamplona Credit Opportunity Fund in September.

  • Hedge Funds Turn Away From Variance Swaps

    June 27, 2008

    Volumes in the global variance swaps market are down as hedge funds shy away from the equity markets.

  • Norwegian Start-Up Seeks To Double Assets

    June 27, 2008

    Oslo firm Harpoon Capital Management is seeking to double assets in Harpoon Global, its maiden long/short equity hedge fund, to $100 million in the next year.

  • Moon Light Launches SRI L/S Japanese Fund

    June 27, 2008

    Moon Light Capital in Tokyo has launched a socially-responsible hedge fund focused on Japanese companies.

  • "There are six billion people on the planet and we all have a natural instinct to procreate."

    June 27, 2008

    --AdultVest Founder Francis Koenig on why the adult entertainment industry will never go away.

  • Search Directory

    June 27, 2008

  • Mandate Scoreboard

    June 27, 2008

  • Global Macro Hedge Funds

    June 27, 2008

  • Hedge Fund Consultant of The Year

    June 27, 2008

  • Nonprofit Investor of The Year

    June 27, 2008

  • Corporate Pension Fund Investor of The Year

    June 27, 2008

  • Public Fund Investor of The Year

    June 27, 2008

  • Institutional Manager of The Year

    June 27, 2008

  • Hedge Fund Launch of The Year

    June 27, 2008

  • Emerging Manager of The Year

    June 27, 2008

  • Fund of Funds Leader of The Year

    June 27, 2008

  • Hedge Fund Leader of The Year

    June 27, 2008

  • Paulson, Harcourt Win Top Awards At AIN Gala

    June 27, 2008

    Paulson & Co. and Harcourt Investment Consulting were named AIN's Hedge Fund Leader and Fund of Funds Leader of the Year, respectively, at the Sixth Annual Hedge Fund Industry Awards gala dinner on Wednesday.


 

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