Stories

  • Equity Tapped As Credit Hedge

    July 18, 2008

    Some investors are using equity plays as hedges on credit trades—a shift from the usual hedge using credit protection—to take advantage of the more liquid stock options market.

  • Blackfish Preps New L/S Strat

    July 18, 2008

    London firm Blackfish Capital Management will unveil its latest strategy later in the summer, a long/short fund to invest in both equity and debt.

  • Horseman Rolls Out U.S. Fund

    July 18, 2008

    Horseman Capital Management has launched a version of the Horseman Emerging Market Opportunities fund for U.S. taxable investors.

  • Triple A Hires Sales Pro; MENA Fund Coming In Autumn

    July 18, 2008

    Hong Kong’s Triple A Partners has hired a sales and marketing professional for Asia to aid an expansion plan that will see it seed a MENA fund in the fall and enter a partnership with an Asia market-neutral hedge fund at the end of October.

  • Global Investment House Raises GBP252M For PE Fund

    July 17, 2008

    Kuwaiti investment bank Global Investment House has raised GBP252 million (USD500 million) for its private equity fund Global MENA Financial Assets through an IPO on the London Stock Exchange.

  • SIGEFI, Beltone To Launch USD150M MENA Fund

    July 17, 2008

    SIGEFI Private Equity, a unit of France’s Siparex group, has teamed up with Egypt’s Beltone Private Equity to introduce a USD150 million fund to invest in small- and medium-size businesses (SMEs) in Egypt and the Gulf Cooperation Council (GCC) region, AltAssets reports.

  • Indian Developer Firm Raises USD300M For RE

    July 17, 2008

    India’s second largest developer, Unitech, has raised USD300 million for a realty fund to fund some of its projects, The Economic Times reports.

  • Credit Suisse Taps Lehman CFO For Funds Unit

    July 17, 2008

    Credit Suisse has hired Erin Callan to fill the newly created position as a managing director and head of global hedge fund business.

  • SEC Bans Shorting Fannie, Freddie, 17 Banks

    July 17, 2008

    The Securities and Exchange Commission issued an emergency order on Wednesday that will ban short selling of securities of Fannie Mae, Freddie Mac and 17 banking firms for a week, starting July 21.

  • Hedgies Surpass Mutual Funds In U.S. Equity Trading

    July 17, 2008

    U.S. equity trading volume saw more activity from hedge funds than mutual funds, ranking second only now to asset management houses, according to the Greenwich Associates 2008 U.S. Equity Investors study.

  • Hedge Funds Gain 30% Global, NY Remains Hub

    July 17, 2008

    Despite a rocky market the global hedge fund industry gained 30% in 2007 reaching a record USD2.25 billion, according to International Financial Services London 2008 hedge funds report.

  • Pi Seeks Partners To Break Into Asia

    July 17, 2008

    London-based private equity boutique Pi Capital is seeking strategic partners in Asia.

  • Nunavut Eyes Alternatives

    July 17, 2008

    The C$1.2 billion Nunavut Trust in Ottawa is looking to carve out a 15% allocation to alternatives.

  • Short Selling Rule Could Spur More CDS Shorts

    July 17, 2008

    New rules on naked short selling could push more investors to use credit default swaps to put on their shorts.

  • Echeverría Quits Optimal For Crosstown Rival

    July 17, 2008

    Manuel Echeverría has quit as ceo of Optimal Investment Services, the $10 billion-plus fund of funds arm of Spanish bank Santander, to become a partner at rival Geneva firm Notz, Stucki & Cie. He is reportedly taking members of staff with him.

  • ING Looking For Global Alts Head

    July 17, 2008

    ING Investment Management is actively seeking a global head of alternative investments, to be based either in New York or London.

  • Toronto Firm Eyes Mid-Cap Fund

    July 17, 2008

    AlphaNorth Asset Management is planning to launch its second Canada-focused hedge fund, probably by the first quarter of next year.

  • Stamford Firm Hires CFO

    July 16, 2008

    Ward McGraw has joined Stamford, Conn., hedge fund firm Structured Portfolio Management as cfo.

  • Ex-UBS Duo Readies Transportation Fund

    July 16, 2008

    Mostafiz ShahMohammed and Cecilia Park have formed Amur Capital Management, a multi-strategy fund in transportation and commercial industries with a focus on hard assets and/or cash flows.

  • Healthcare Fund Likes Pharmas, Not Insurers

    July 16, 2008

    Healthcare hedge fund firm Oracle Investment Management has made positive first-half returns from short positions in Health Maintenance Organizations (HMOs) and health insurance companies and long positions in specialty pharmaceutical companies.

  • Barings To Introduce MENA Fund

    July 16, 2008

    Baring Asset Management announced plans to introduce the Baring MENA Fund, pending regulatory approval.

  • UBS Taps Borse Dubai For MENA Head

    July 16, 2008

    UBS has appointed Pers Larsson ceo of the Middle East and North Africa (MENA) region and a member of the group managing board, effective Oct. 1, Zawya reports.

  • BNP Taps BofA For Hedge Execs

    July 16, 2008

    BNP Paribas has hired two institutional securities employees from Banc of America Securities to expand its New York-based global hedge fund relationship management team.

  • Sinopia Launches Inflation-Tied EM Bond Fund

    July 16, 2008

    HSBC Global Asset Management’s quant specialist Sinopia has introduced what it claims is the first fund of its kind on the market for European investors, the Emerging Inflation-Linked Bond Fund.

  • Credit Suisse Tremont Hedge Index Flat In June

    July 16, 2008

    Credit Suisse has reported that its Tremont Hedge Fund Index was flat in June, neither losing or gaining, but beating the S&P 500 Total Return Index, which returned -8.43%.

  • SEC Subpoenas Hedgies Over Share Manipulation Rumors

    July 16, 2008

    The Securities and Exchange Commission has subpoenaed 50 hedge fund advisers amid its broad investigation that people might have spread rumors to move stock prices of two financial firms, The Wall Street Journal reports, citing a person familiar with the matter.

  • Glenmede To Launch Hybrid FOF

    July 16, 2008

    Glenmede Trust Co. will launch a fund of funds at the end of the summer that will invest in private equity and real estate.

  • Echeverría Quits Optimal

    July 16, 2008

    Manuel Echeverría is believed to have quit Optimal Investment Services, the $10 billion-plus fund of funds arm of Spanish bank Santander, where he was chief executive officer.

  • Walden To Raise USD500M For EM Fund

    July 15, 2008

    U.S.-based venture capital Walden International is raising money for an emerging market fund it plans to launch early next year, Reuters reports.

  • Danish Firm Preps Frontier Hedge Funds

    July 15, 2008

    Danish fund DanFonds is launching frontier hedge funds that fuse elements of a public market hedge fund strategy and a private equity model, HedgeCo.net reports.

  • Ex-Bear Trader Create Firm, Relaunches Fund

    July 15, 2008

    Former Bear Stearns trader Melissa Ko has created a new hedge fund called Covepoint Capital with about USD925 million, Reuters reports, citing a letter sent to investors Monday.

  • Sandelman Restructures Hedge Fund

    July 15, 2008

    Jon Sandelman’s hedge fund Sandelman Partners have put a freeze on redemptions for 22% of its USD3.2 billion Sandelman Partners Multi-Strategy Fund, The Wall Street Journal reports.

  • Hedge Funds Gain 2% In Q208

    July 15, 2008

    Hedge funds suffered losses in June, bringing second quarter returns to the low single digits, according to new data from Morningstar.

  • RCG To Cut Manager Positions

    July 15, 2008

    RCG Capital Advisors plans to eliminate or reduce allocations to two managers in each of its two funds of hedge funds.

  • Satellite PM Leaves Firm

    July 15, 2008

    Satellite Asset Management’s Warren Empey has left the firm.

  • Rangeley Hires Partner

    July 15, 2008

    Richard Townsend has joined New York-based hedge fund Rangeley Capital as a partner.

  • Horseman Shorts Consumer Stocks

    July 15, 2008

    Horseman Capital Management’s Europe-focused hedge fund returned 8.55% in June, largely due to its short positions in consumer-related sectors.

  • Melkonian Preps Distressed Real Estate Fund

    July 15, 2008

    Long Island firm Melkonian Capital Management is preparing to launch a distressed real estate fund.

  • Insparo To Staff Up

    July 15, 2008

    London start-up Insparo Asset Management is planning to make various hires over the next few months as it grows assets in the Insparo Africa and Middle East Fund.

  • Marco Polo To Hire Pair Of Shanghai Analysts

    July 15, 2008

    Marco Polo Pure Asset Management is seeking to hire a pair of senior analysts by the end of the year for its Shanghai office as it builds out its capabilities for its Chinese domestic securities strategies.

  • Abu Dhabi Investment Co. Names CEO

    July 14, 2008

    Abu Dhabi Investment Company (ADIC) Chairman H.E. Khalifa Mohamed Al Kindi announced the organization has named Nazem Al Kudsi as its ceo, Zawya reports.

  • Tata Capital To Enter PE Game

    July 14, 2008

    India’s USD29 billion Tata Group is preparing a private equity initiative through its financial services subsidiary, Tata Capital (TCL), who will introduce funds that will invest in healthcare and technology, The Financial Express reports.

  • Asia PE Fundraising Drops 21.5% In H108

    July 14, 2008

    Funds raised for private equity investing in Asia fell 21.5% in the first half of 2008 according to an Asia Venture Capital Journal report, Reuters reports.

  • GLG To Make Green Investing A Priority

    July 14, 2008

    GLG co-Founder Pierre Lagrange is making environmental issues a focus within the firm’s European equity strategy, eFinancial News reports.

  • Apax Co-Founder Acquires Millennium Stake

    July 14, 2008

    Ronald Cohen, co-founder of Apax Partners, has purchased a stake in hedge fund manager Millennium Global as part of his plan to expand his investments in the financial services industry, Financial Times reports.

  • Greycourt Recruits MD

    July 14, 2008

    Greycourt has hired Margaret Towle as a managing director based in Portland. She has been working in the investment management industry for 25 years.

  • Hedge Funds Drop In June, S&P 500 Reaches Depression Level

    July 14, 2008

    Hennessee Group has announced that the Hennessee Hedge Fund Index was down -0.64% in June (-0.85% YTD) while the Dow Jones Industrial Average declined -10.19% (-14.43% YTD), the NASDAQ Composite Index dropped -9.10% (-13.53% YTD) and the S&P 500 dropped -8.60% (-12.84% YTD) reaching a level last touched during the Great Depression.

  • RMF Invests In Seibold’s Start-Up

    July 14, 2008

    Man Group’s fund of funds arm, RMF Investment Management, has invested $50 million in William Seibold’s new venture, Noroton Capital Management.

  • Sowood's Larson Resurfaces

    July 14, 2008

    Jeff Larson, founder of the now-defunct Sowood Capital Management, has reunited with Managing Partner Megan Kelleher to set up Larson/Kelleher Capital Management.

  • Genesis Readies Multi-Strat FoF

    July 14, 2008

    Cyprus-based Genesis Alpha Holdings is preparing to launch its first fund of hedge funds, a multi-strategy offering that will begin trading on Oct. 15.

  • Bostwick To Soft-Close, Raise Investment Minimum

    July 14, 2008

    New York’s Bostwick Capital will soft-close its fund of hedge funds in the fourth quarter.

  • Fauchier Adds Morgan Stanley Pro

    July 14, 2008

    Fauchier Partners has hired Jamie Kermisch as the seventh managing partner at the $8.5 billion London fund of hedge funds firm.

  • FRM Hires Au King-lun As Asia Chief

    July 14, 2008

    Financial Risk Management has named Au King-lun as ceo of its operations in Asia, excluding Japan and Korea, based in FRM’s new Hong Kong office.

  • Interest Snowballs In Hedge Fund Replicators

    July 14, 2008

    Interest in hedge fund replicators is taking off in Asia as institutional investors and private banking clients look for non-correlated assets amid market volatility.

  • Japanese Official Suggests USD33B Sovereign Fund

    July 11, 2008

    Takatoshi Ito, a member of a Japanese government advisory committee, is suggesting that the government create a USD33 billion sovereign wealth fund, Bloomberg reports.

  • Man Group FUM Up In Q208

    July 11, 2008

    Man Group has reported second-quarter earnings with period sales of USD5 billion.

  • Spanish Hedge Fund Recruits For EM Fund

    July 11, 2008

    Próxima Alfa Investments has hired Igor Ojereliev from Deutsche Bank to help prepare for the launch of the Global Emerging Markets Fund, FINalternatives reports.

  • Carne Introduces Valuation Product

    July 11, 2008

    Carne Global Financial Services has launched a fund valuation product that helps investors and managers put a value on hedge funds, Professional Pensions reports.

  • United Capital Fails Margin Call, Liquidates

    July 11, 2008

    United Capital Markets Holding Founder and CEO John Devaney is in the process of liquidating hedge funds after missing a margin call from Deutsche Bank, Bloomberg reports.

  • Nuveen Chairman Resigns, Firm Seeks Fund Director

    July 11, 2008

    Nuveen Investments CEO Timothy Schwertfeger has left the firm amidst the company’s search for an independent director to lead its funds, The Chicago Tribune reports.

  • Tokyo Fund Gains Going Long Pharma, Short Real Estate

    July 11, 2008

    Tokyo-based Moon Light Capital’s flagship fund has avoided rocky markets and posted returns of 1.99% in June primarily due to going long pharmaceutical companies and shorting real estate sector firms.

  • Brigadier Hires Three New VPs

    July 11, 2008

    Brigadier Capital Management, the New York hedge fund firm founded by Ralph Nacey, has hired three new vice presidents of credit research to its current staff of six.

  • UC-Irvine Foundation Supports Alternatives Increase

    July 11, 2008

    The University of California-Irvine Foundation has chosen to support the pending policy under consideration by the Regents of the University of California which would increase allocation to alternatives to 30-50% from 5-30%, said Lynn Rahn, cio.

  • AIN Data Commentary, July 11, 2008

    July 11, 2008

    This week we focus on the technology strategy index.

  • Mulvaney Boosts Return With Energy, Cocoa Plays

    July 11, 2008

    Mulvaney Capital Management’s systematic financial and commodity futures program was up 8.51% in June, helped by exposure to energy and agricultural commodities.

  • New Energy Preps First PE Fund

    July 11, 2008

    New York firm New Energy Fund is gearing up to launch its first private equity fund.

  • "I love pain and misery because it means change."

    July 11, 2008

    --Alexander Medd, founder of Bucephalus Capital Management, on the benefits of managing a special situations fund in turbulent market conditions.

  • Mandate Scoreboard

    July 11, 2008

  • Alternatives Manager Search Directory

    July 11, 2008

  • Long/Short Equity Hedge Funds

    July 11, 2008


 

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