Stories

  • Eton Park Snags Ex-Citadel Director Cham

    July 25, 2008

    Eton Park Capital Management has hired Scott Cham for its Hong Kong office.

  • Rabo Nixes Fund-Linked Derivatives Biz

    July 25, 2008

    Rabobank has shuttered its global fund derivatives operations, ordering its teams to stop all new business immediately.

  • Quant Firm Remains Long Energy, Short Financials

    July 24, 2008

    San Diego’s Denali Advisors is following its model’s indicators and sticking with its long positions on oil and short positions on financials despite recent oil price drops and the rallying of banks’ shares.

  • Outpost Identifies Seed Partner

    July 24, 2008

    Outpost Investment Group, the global macro hedge fund firm set up by former Bank of America Managing Director Peter Forlenza, has identified a seed partner for its flagship fund.

  • HK Fund Biz Hits Record 56% Boost

    July 24, 2008

    Hong Kong’s combined fund management business reached HK$9,631 billion in 2007, a record increase of 56.5% year-on-year, according the Securities and Futures Commission’s annual Fund Management Activities Survey (FMAS).

  • Singapore’s HF Assets Double To Reach USD59B

    July 24, 2008

    Hedge fund assets in Singapore more than doubled to reach S$80 billion (USD59 billion) at the end of 2007, adding 32% growth to the local asset management industry, according to numbers released by the central bank.

  • GSA Alpha Capture Fund Aims For USD1B

    July 24, 2008

    Hedge fund firm GSA Capital hopes to raise another USD200 - USD300 million for its new Alpha Capture Fund that plans to employ stock ideas from investment banks for trades, Reuters reports.

  • AIMA Supports Proposals On Italy Fund Biz

    July 24, 2008

    The Alternative Investment Management Association announced that it is supportive of proposals put forth in conjunction with an industry report on the Italian mutual fund industry.

  • Ex-Soros Manager Launches Event-Driven Fund

    July 24, 2008

    William Seibold, a former Soros Fund Management distressed debt portfolio manager, has launched a credit hedge fund at his new firm, Noroton Capital Management, FINalternatives reports.

  • AIN Data Commentary, July 25, 2008

    July 24, 2008

    This week we take a closer look at the Asia-Pacific strategy.

  • IRS FoF Ruling To Impact 2007 Tax Returns

    July 24, 2008

    The new ruling by the Internal Revenue Service that funds of hedge funds’ management fees are investment expenses, not tax-deductible business costs, will not only affect 2008 tax payments for investors, but also those from 2007.

  • Victory Rolls Out Credit Fund

    July 24, 2008

    Victory Capital Management has launched an absolute return credit strategy, which will take long and short positions on credit, including credit default swaps, and will use some municipal bond arbitrage.

  • Ward Ferry Asia Strats Give Up Ground

    July 24, 2008

    Three of Ward Ferry Management's funds are down for the year due to eroding market conditions in Asia.

  • Creststreet Slowly Re-Ups Oil, Gas Exposure

    July 23, 2008

    Toronto-based Creststreet Asset Management reduced exposure to the crude oil and natural gas sectors in its global energy hedge fund in mid-June, but now has begun buying back some oil and natural gas equities at reduced prices.

  • Liquidity Providing Firm Plans New Fund

    July 23, 2008

    New York-based Millennium Technology Ventures is taking advantage of the illiquid market by planning to launch a fifth fund to buy out holdings from venture capital investors.

  • Sun Hung Kai Preps MENA Fund

    July 23, 2008

    Hong Kong’s Sun Hung Kai Financial (SHKF) and Dubai-based Algebra Capital plan to launch the SHK Alpha MENA Fund in August, TradeArabia News Service reports.

  • Mirae Liquidates India Fund

    July 23, 2008

    South Korea’s Mirae Asset Investments has liquidated its India-focused fund after suffering a 20% loss thanks to volatility in the global equity markets, The Korea Times reports.

  • AXA Rosenberg Fundraising In Asia For Long/Short

    July 23, 2008

    AXA Rosenberg Investment Management is in the middle of fundraising for a new fund that will bet on stocks rising and falling, Bloomberg reports.

  • New Star To Lose Fund Manager

    July 23, 2008

    Fund manager New Star Asset Management is losing its Head of Structured Products, Ravi Anand, effective September, Citywire reports.

  • GLG Taps PIMCO For Investment Strategist

    July 23, 2008

    GLG Partners has hired Jamil Baz as chief investment strategist focusing on global asset allocation.

  • Paulson To Start Fund To Balance Writedowns

    July 23, 2008

    John Paulson and his Paulson & Co. are prepping a fund that will benefit by lending banks seeking capital to balance mortgage write downs, Bloomberg reports.

  • Steeple Converts To Family Advisory

    July 23, 2008

    Steeple Capital, the San Francisco healthcare hedge fund firm founded by Andor Capital Management veteran John Regan, has converted its strategy to a family advisory format following redemptions that saw assets plummet to $100 million from $600 million.

  • U.K. Firm Debuts Life Insurance Play

    July 23, 2008

    Opus Investment Funds Management is launching the first offering of its kind--a hedge fund-like strategy in the form of a Financial Services Authority-registered corporation that invests in life insurance policies held by individuals over the age of 65.

  • Merrill HF Sales Chief Seen Heading To Morgan Stanley

    July 23, 2008

    Matt Renirie, Merrill Lynch London’s head of equity derivative sales to hedge funds, has resigned and is expected to join Morgan Stanley, where he will head the European equity derivatives flow sales team.

  • New York Based Firm Launches Long/Short Equity Fund

    July 23, 2008

    Clear Asset Management plans to launch its first hedge fund in August, a long/short equity strategy using quantitative models.

  • GE, Mubadala Partner For ME Development

    July 22, 2008

    GE and Abu Dhabi-based Mubadala Development Company have formed a partnership to work on a range of initiatives in the Middle East, such as commercial finance, clean energy research and development, aviation, industry and corporate learning.

  • EFG-Hermes Names Research Head

    July 22, 2008

    Egypt-based regional investment bank EFG-Hermes has appointed Eiji Aono as its new research chief.

  • CDC Commits USD185M To Six India-Focus PE Fund

    July 22, 2008

    U.K. government-backed fund of funds investor CDC Group is continuing its venture in private equity emerging markets with an additional USD185 million commitment to six private equity funds focused on investments in India.

  • KKR Hires TCW Exec For AM Development

    July 22, 2008

    Kohlberg Kravis Roberts hired William Sonneborn to beef up its asset management unit. Sonneborn was president and chief operating officer of TCW.

  • Fortress Commits USD200M For Distressed Debt

    July 22, 2008

    Fortress Investment Group has invested another USD200 million in its fund to acquire distressed triple-A-rated residential mortgage-backed securities, The Wall Street Journal reports.

  • Hedge Fund Fraud Suspected In Cayman

    July 22, 2008

    Cayman Islands authorities arrested a man tied to the collapse of many hedge funds in June, Cayman NetNews reports.

  • Trump Jr. To Start Hedge Fund For India RE

    July 22, 2008

    Donald Trump’s son Donald Trump Jr. plans to establish a fund with USD1 billion to purchase real estate in India, Bloomberg reports.

  • Emerging Capital Hires Analyst In Nigeria

    July 22, 2008

    Emerging Capital Partners, the Washington, D.C.-based private equity firm that invests solely in Africa, has hired an analyst for its newly opened Nigerian office

  • Credit Suisse Hires Bear Stearns Execs

    July 22, 2008

    Several Bear Stearns executives have joined Credit Suisse. Christopher Alaimo, a senior managing director, now runs research sales in the multi-asset group, a joint-venture between equities and fixed income on the institutional equity floor, and former Bear Stearns colleague David Alfred is working in a similar capacity with him.

  • White House Advisor Treks To Greenwich

    July 22, 2008

    White House economist Korok Ray traveled to Greenwich on July 18 to meet about 15-20 hedge fund managers, including Jonathan Feniak and K Daniel Libby of Sands Brothers.

  • Russian Firm Bounces Back

    July 22, 2008

    Halcyon Advisors, the Moscow-based firm that invests solely in the Russian power sector, is up 331 basis points for June after being down nearly 600 in May with its $110 million HH Generation fund.

  • Sprott Profits From Bearish View

    July 22, 2008

    Canada-based Sprott Asset Management has returned about 25% year-to-date in its Sprott Hedge LP, returns that CEO Eric Sprott attributes to the firm’s belief in the peak oil thesis – that world energy production will go down and prices will go up from here on out – and its overall view of stock market slowdown.

  • Environmental FoF Seeks Managers

    July 22, 2008

    Zurich-based Systematic Absolute Return SAR plans to add up to four managers to its flagship fund of hedge funds.

  • Prisma To Cross The Hudson

    July 21, 2008

    The $5 billion fund of hedge funds firm Prisma Capital Partners will move its main office from Jersey City to Manhattan in November.

  • Credit Suisse To Move Zurich Analysts To London

    July 21, 2008

    Credit Suisse reportedly plans to move its Zurich-based funds of funds analysts to London by September.

  • Julius Baer Preps North Africa Fund

    July 21, 2008

    Julius Baer is preparing the launch of a North Africa fund in the U.K. called Julius Baer Northern Africa Fund.

  • Khaleeji Commercial Announces India Fund

    July 21, 2008

    Bahrain-based Khaleeji Commercial Bank (KHCB) has launched an investment fund called Global Logistix Navi Mumbai Investment Company, for which it aims to raise USD430 million, Bahrain Tribune reports.

  • Resolution Introduces Three Regional 130/30 Funds

    July 21, 2008

    Resolution Asset Management has launched three 130/30 funds with regional exposure to the U.K., U.S. and Japan, Citywire reports.

  • Silver Creek Taps Ex-Goldman AM For IR Lead

    July 21, 2008

    Funds of hedge funds manager Silver Creek Capital Management has appointed Frances Orabona director of investor relations.

  • Cornell’s Cayuga MBA Fund Returns 5.56% In Q208

    July 21, 2008

    The market neutral vehicle managed by MBA students at the Cornell University Johnson School of Business, Cayuga MBA Fund, returned 5.56% in the second quarter of 2008, beating both its benchmark hedge fund indexes and the equities markets, HedgeWorld.com reports.

  • Giuliani Firm Plans Real Estate Investment Fund

    July 21, 2008

    Giuliani Partners, the company owned by former New York City Mayor Rudolph Giuliani, plans to create an investment fund based on commercial and residential properties in New York and Washington, The New York Times reports, citing members of the venture. The move will be Giuliani’s first venture in real estate.

  • ARCIM To Raise Capital

    July 21, 2008

    ARCIM Advisors is looking to grow assets for its ARCIM Commodities Fund by the end of the year.

  • BroadStreet Postpones Brazil Fund Launch

    July 21, 2008

    New York-based BroadStreet Capital Partners has postponed the launch of its Brazil-focused hedge fund.

  • French Firm Opens Managed Account

    July 21, 2008

    Paris-based Varenne Capital Partners has opened its first managed account for U.K. firm Witan Investment Trust.

  • HDF To Add Analyst In New York

    July 21, 2008

    Paris-based fund of hedge funds firm HDF Financial plans to add an analyst to its staff of two in New York.

  • LRG, Signature Fund Contracts Bank Deals

    July 18, 2008

    The joint fund created by San Francisco-based LRG Capital and Dubai-based financial house Signature Group is in the contract process of taking a controlling stake in two small, regional banks in Singapore and Indonesia.

  • Millennium Preps Shariah Hedge Fund

    July 18, 2008

    Dubai-based Millennium Finance Corp. is preparing its first Shariah-compliance hedge fund for launch with U.K.-based hedge fund manager Man Group, Arabian Business reports.

  • SG Names Asia-Pac HF Relations Head

    July 18, 2008

    Société Générale corporate and investment banking hired Grégoire Déchy to fill the newly created position of head of hedge fund relations for Asia Pacific.

  • Rabobank Closes India Agri Fund At USD85M

    July 18, 2008

    Dutch bank Rabobank announced that the Indian private equity fund it sponsors held its first close at USD 85 million, VC Circle reports.

  • Perella Weinberg Distressed Fund Gains 24%

    July 18, 2008

    The Perella Weinberg Partners USD837 million Xerion hedge fund gained 24% this year from distressed investments and bets that financial firms would tank from debt, Bloomberg reports, citing a letter sent to investors.

  • Former THQ Executive Founds VC Firm

    July 18, 2008

    Shiraz Akmal, a former executive at software firm THQ, and Miven Venture Partners Founder Jawad Ansari have launched a new investment firm called GCube Ventures that will focus solely on the gaming industry.

  • Cazenove Fund Returns 21% For Year

    July 18, 2008

    Cazenove Capital Management announced it is enabling a consolidated order for its Cazenove European Alpha Absolute Return Fund on Oct. 1 because of increased demand.

  • Noonday PM Departs

    July 18, 2008

    Ryan Alexander, portfolio manager at Noonday Global Management, has left the firm.

  • AIN Data Commentary July 18, 2008

    July 18, 2008

    The Emerging Markets strategy has performed very well in recent years, with annual returns close to 20% each year since 2005.

  • Sogoloff Ramps Up Quant Portfolio

    July 18, 2008

    Horton Point, the quantitative firm set up by Alexandra Investment Management Co-Founder Dimitri Sogoloff, has rolled out new strategies within its Gallery Master Fund.

  • Big Apple Readies Credit Fund

    July 18, 2008

    Chimay Capital Management is preparing to launch a credit fund to capitalise on the availability of discounted bank debt and excess unsyndicated deals at investment banks.

  • "They're scared of the [traditional] markets out there."

    July 18, 2008

    --Paul Serie, marketing director at Melkonian Capital Management, on investor reticence that has led to an appetite for distressed real estate funds.

  • Mandate Scoreboard

    July 18, 2008

  • Alternatives Manager Search Directory

    July 18, 2008

  • Fixed-Income Hedge Funds

    July 18, 2008


 

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