Stories

  • Ram Capital Plans Offshore Fund, On Lookout To Build Team

    July 31, 2008

    New York’s Ram Capital Resources plans to launch the offshore version of its secured lending strategy, Shelter Island Opportunity Fund, in the fourth quarter.

  • Silver Point Hires JPM Loan Chief

    July 31, 2008

    John Abate, head of distressed and loan trading at JPMorgan, has left the firm to join activist hedge fund Silver Point Capital.

  • U.K. Hedge Funds In Correlation Play Reversal

    July 31, 2008

    Hedge funds are diving in to buy up index exposure and sell exposure on individual constituent stocks, according to sister publication Derivatives Week.

  • Vietnam Investment Firms Continue To Expand

    July 31, 2008

    Vietnam-based investment manager Indochina Capital has announced that Tung Kim Nguyen has taken on a new role as deputy CEO of the Indochina Capital Group.

  • Akamai Pan Asia Fund Launches In Hong Kong

    July 31, 2008

    Geomatrix has launched the Akamai Pan Asia fund. Introduced at the beginning of July, it is a large-cap focused, long/short fund that hedges its market risk via listed index futures. It concentrates on the major markets of Japan, Hong Kong, China, Korea, India and Australia, reports Asian Investor.

  • Collins Stewart Gets Fund Sales Head

    July 31, 2008

    Collins Stewart Fund Management has appointed Mike Brown as head of fund sales, reports Investment Week.

  • Swiss Capital Offers Real Estate FoFs

    July 31, 2008

    Zurich-based Swiss Capital Alternative Investments has launched a new multi-strategy fund of hedge funds to invest in the troubled global real estate market, reports FINalternatives.

  • Salida's Multi-Strat Fund Seen Down

    July 31, 2008

    Salida Capital Corp., a big Canadian hedge fund, estimates its C$161 million Multi-Strategy Hedge Fund will be down about 30% this month, marking the fund's biggest one-month decline, by a significant margin, since its inception in 2004, according to Dow Jones Newswires.

  • AIG Earnings Slump On Private Equity, Hedge Funds

    July 31, 2008

    Just when American International Group Inc. shareholders figured things couldn't get worse at the world's largest insurer, profit from the company's private equity and hedge fund investments is evaporating, Bloomberg reports.

  • Hedge Fund Assets Hit $3.8 Trillion

    July 31, 2008

    Assets invested in hedge funds totaled about $3.8 trillion as of March 31, according to results of a survey by operations consulting firm Carbon360 Research.

  • ABL Funds In The Driver’s Seat

    July 31, 2008

    Asset-backed lending is at the beginning of a long stretch given that banks are reticent to make loans and the need for money remains, according to Marty Sands, senior portfolio manager at Sands Brothers Asset Management.

  • Thames River Debuts Sterling Class For Credit Fund

    July 31, 2008

    Thames River Capital launched a sterling share class on Thursday for its long/short global credit Hillside Apex fund.

  • Newspaper Scheme Adds Alts

    July 31, 2008

    The £400 million Newsquest Pension Scheme has hired several fund managers for first allocations to hedge funds, infrastructure and European real estate.

  • Juno Gains From Cocoa Shorts, Coffee, Corn Longs

    July 31, 2008

    New York-based Juno Mother Earth Asset Management has avoided the rocky markets and posted positive returns in its JME Commodities Strategy, largely due to its short position in cocoa and long positions in coffee and corn.

  • PE Firm Eyes $500M Final Close For Africa Fund

    July 31, 2008

    Kingdom Zephyr Africa Management expects to close the Pan African Investment Partners II by year’s end at $500 million.

  • Merriman Delays Clean Tech Launch

    July 30, 2008

    Merriman Asset Management, the San Francisco-based investment arm of financial services firm Merriman Curhan Ford, has delayed the launch of its first clean-technology hedge fund.

  • Octane To More Than Triple Assets

    July 30, 2008

    New York’s Octane Capital Partners will more than triple its assets under management to $7 million from $2 million in the next few weeks after securing a deal with a large proprietary trading firm, said Eric Leopold, co-founder.

  • Tiden Readies Second Structured Credit Fund

    July 30, 2008

    Tiden Capital, a Durham, N.C.-based hedge fund firm founded by Silverback Asset Management veterans John Burkert and Rex Goulding, is launching a new fund on September 1 focused on relative value within the structured credit market.

  • Lincoln Park Delays Credit Arb Launch

    July 30, 2008

    New York-based Lincoln Park Asset Management has delayed the launch of its first fund, a credit arbitrage strategy.

  • SAIL Advisors Taps Goldman Sachs For New CEO

    July 30, 2008

    Vincent Duhamel has been hired as ceo of Hong Kong fund of hedge funds firm SAIL Advisors.

  • FRM’s Lindsay Jones Returns To Hong Kong

    July 30, 2008

    Lindsay Jones is back in Hong Kong after an absence of several years during which she has circumnavigated the globe with fund of hedge funds house FRM.

  • GIMV Gets Partner For German Market

    July 30, 2008

    Belgium-based private equity and venture capital firm GIMV has appointed Hansjörg Sage as a partner.

  • RAB Assets, Earnings Fall In First Half

    July 30, 2008

    RAB Capital, one of Northern Rock's biggest shareholders when the bank was nationalized in February, said first-half profit fell 44% and assets under management declined, hurt by losses on its largest hedge fund, according to Bloomberg.

  • Greenlight’s Einhorn Awaits Further Price Falls For Distressed Debt

    July 30, 2008

    David Einhorn, the hedge fund manager whose Greenlight Capital invests about $6 billion, is eyeing investments in distressed debt but is waiting for prices to fall further, reports Financial Times.

  • Vestar Buys Unilever Laundry Biz

    July 30, 2008

    Vestar Capital Partners is buying Unilever NV's North American laundry business, a move that means approximately 75 workers in Trumbull and Stamford will have a new employer, Greenwich Time reports.

  • DE Shaw Partners With South Carolina System

    July 30, 2008

    The investment commission for the South Carolina Retirement System has formed a strategic partnership with hedge fund manager DE Shaw following similar arrangements with other money managers for alternative investment allocations, eFinancial News reports.

  • LLR Partners Raises $800 Million PE Fund

    July 30, 2008

    LLR Partners, a $1.4 billion private equity firm, has raised LLR Equity Partners III, an $800 million fund.

  • Lehman Prime Broker To Move To Singapore

    July 30, 2008

    Richard Norris, a senior v.p. on Lehman Brothers’ Hong-Kong-based prime brokerage services team, will relocate to Singapore Sept. 1.

  • Inoks Re-Opens Commodity Financing Fund

    July 30, 2008

    Geneva-based Inoks Capital is adding capacity to Ancile, its $100 million commodity financing fund, because tightening credit and rising commodity prices have led to more lending opportunities.

  • Horton Staffs Up

    July 29, 2008

    Dimitri Sogoloff has added two investment professionals to his fledgling New York firm, Horton Point.

  • Energy Fund Riding Out The Storm

    July 29, 2008

    After a “miserable” July as oil prices fell more than $20 a barrel, Dynamis Advisors is not only sticking with its long bias energy equities strategy, it is buying shares of additional energy production and manufacturing companies.

  • Japan’s Mitsubishi Asset To Start FoF

    July 29, 2008

    Mitsubishi Asset Brains Co., an investment advisory firm under the Mitsubishi financial group, announced plans to launch a fund of hedge funds that will benefit from falling markets, Bloomberg reports.

  • Bank of China Buys Stake In Swiss HF

    July 29, 2008

    State-owned Bank of China has acquired a 30% stake in Swiss asset manager fun Heritage Fund Management through Bank of China (UK), HedgeWorld reports.

  • Heavy Oil Bets Drive BlueGold Up 160%

    July 29, 2008

    Hedge fund BlueGold Capital reported 160% growth through the end of June thanks to oil bets, The New York Post reports.

  • Toscafund Banks USD800M In New Capital

    July 29, 2008

    Toscafund ?has lured USD800 million (GBP402 million) of new money from investors in July despite a bet on bank shares that led to a drop of more than one-third, Financial Times reports.

  • Armajaro Preps Sugar Fund

    July 29, 2008

    Armajaro Asset Management announced plans to launch a sugar fund in the third quarter of 2008 called CZAR+ Fund.

  • Blossom Launches Long Fund

    July 29, 2008

    Blossom Investment Management introduced its first hedge fund in June, Sustainable Technology Fund, and expects to raise USD100 million in the first six months, HFM Week reports.

  • Welch Analyst Leaves Firm

    July 29, 2008

    Thomas Tobin has left Welch Capital Partners, the $400 million hedge fund firm in New York.

  • Gracie Shuts Down Event-Driven Strat

    July 29, 2008

    New York-based Gracie Capital shut down its $1.1 billion long/short event-driven fund June 30 after registering poor returns.

  • Carlson Taps Citi Pros For Structured Credit

    July 29, 2008

    Dallas-based hedge fund firm Carlson Capital has hired Scott Logie, reportedly to set up a structured credit business with ex-Citigroup collateralized debt obligation co-head Nestor Dominguez.

  • Loyola Bets Big On Financials

    July 29, 2008

    In the last two months Lake Forest, Ill.-based Loyola Capital Management has started buying up financial services stocks, and now more than half of the $75 million it manages is in the sector.

  • Naissance Commissions Women Leadership Study

    July 29, 2008

    Swiss hedge fund firm Naissance Capital has commissioned a study of female leadership and its impact on the workplace.

  • Estonian Shop Preps Global Macro Fund

    July 29, 2008

    Tallinn firm Arkanar Financial will launch Arkanar Global Macro on August 15.

  • Garrison Hires Plainfield Marketer

    July 29, 2008

    Garrison Investment Group, the hedge fund firm run by two ex-Fortress Investment Group pros, has hired Kara Edgar as director of marketing—a new position.

  • Toronto Firm To Target European Investors

    July 29, 2008

    AlphaNorth Asset Management will seek European investors for its Canada-focused hedge fund.

  • Erasmic, Accel Link For India Fund

    July 28, 2008

    Bangalore-based early stage investment firm Erasmic Venture Fund and Silicon Valley-based Accel Partners have merged, creating an entry to India for Accel and laying the groundwork for a collective fund launch, VC Circle reports.

  • Guggenheim Acquires Thomas Weisel’s India FoF Unit

    July 28, 2008

    U.S.-based asset management firm Guggenheim Partners has acquired control of Thomas Weisel Partners’ India fund of funds business, VC Circle reports.

  • Hedge Fund Launches In Europe Slow

    July 28, 2008

    The number of hedge fund launches in Europe dropped to a six-year low during the first half of 2008, with 106 opening, compared with 190 in H107, according to industry publication EuroHedge, a unit of Hedge Fund Intelligence.

  • KKR To Acquire KPE, Go Public

    July 28, 2008

    KKR announced plans to consolidate its affiliates and acquire KKR Private Equity Investors (KPE) after which it will execute its initial public offering on the New York Stock Exchange assuming the ticker KKR.

  • Roxbury Capital Launches Second Fund

    July 28, 2008

    Roxbury Capital Management has launched its second hedge fund in May, RQS Market Neutral Fund, FINalternatives reports.

  • Sceptre, Fairfield Greenwich Ink JV for Alts

    July 28, 2008

    Canada’s Sceptre Investment Counsel and Fairfield Greenwich Group (FGG) announced a deal to create a cooperative joint venture to offer alternative investment services to Canadian institutional and high-net-worth investors.

  • Ex-Reservoir Trader Starts Market Neutral Fund

    July 28, 2008

    Aaron Seager, ex-trader at the $3 billion Reservoir Capital Group, has formed Dallas-based Seager Capital Group and launched a first market neutral strategy.

  • DDX Postpones Launch

    July 28, 2008

    Toronto’s DDX Capital Partners has delayed the launch of DDX Capital Partners U.S. Offshore Fund, an offshore version of its domestic long/short market neutral tech fund.

  • Big Apple Start-Up Preps Euro L/S Strat

    July 28, 2008

    Permian Investment Partners will launch its maiden fund, a long/short special situations strategy Aug. 1.

  • Tarpon Preps Fund With More PE Exposure

    July 28, 2008

    Brazil-based Tarpon Investment Group is planning to launch a new equity strategy in October.

  • Sales Director Quits P-Solve

    July 28, 2008

    Polly Smith has quit P-Solve Alternative Investments where she was sales director.

  • DragonBack Fund Sees First Down Month Since Launch

    July 28, 2008

    DragonBack Capital’s flagship Asia Pacific Multi-Strategy Fund saw its first down month since its March 2007 inception, returning -0.31% in June.

  • Thames River Entering German Mart

    July 28, 2008

    Thames River Capital is gearing up to enter the German market for single-manager hedge funds.

  • Citadel Taps Former Bear Execs

    July 28, 2008

    Citadel Investment Group has hired James Barrett and Christopher Miller from Bear Stearns Asset Management as head of global distribution and head of global consultant relations, respectively.

  • Options Firm Seeks Marketing Boost

    July 25, 2008

    New York-based Carter Road is searching for both a third party marketer and a fulltime marketing staff member to help grow its $5 million options strategy to $50 million in the next year.

  • Lionhart Opens Office In Dubai

    July 25, 2008

    Lionhart Group subsidiary Lionhart (Middle East) has received regulatory approval from the Dubai Financial Services Authority to open an office in the Dubai International Financial Centre.

  • ICICI Venture Opens Delhi Office

    July 25, 2008

    ICICI Venture has opened a new office in Delhi, its first investment office outside Mumbai, VCCircle reports.

  • S. Korea Mulls KEB Stake Sale To HSBC

    July 25, 2008

    South Korea plans to launch a review to determine if it will approve the sale of a 51% stake in Korea Exchange Bank to HSBC Holdings by the current owner, U.S. private equity firm Lone Star, Chosun Ilbo Daily reports.

  • Kennet Closes Third Fund

    July 25, 2008

    Kennet Partners has closed its third fund, Kennet III, at more than EUR200 million ($315 million).

  • Christie Street Seeks Institutional Money For Tech Fund

    July 25, 2008

    Christie Street Capital is seeking investments from institutional investors as its raises money for a technology-focused fund, people familiar with the house told Reuters.

  • Goldman Sachs Raises $10B For Loan Fund

    July 25, 2008

    Goldman Sachs has raised $10 billion to start a fund that will invest in loans tapped to support leveraged buyouts, Financial Times reports.

  • Energy Fund Profits From Shale Investments

    July 25, 2008

    Toronto-based Full Cycle Energy made a 32% gain in the first half of the year thanks largely to long bets on shale gas and oil.

  • "[The developing world] is eating up the food chain."

    July 25, 2008

    --Andrew Perry, head of business development at Systematic Absolute Return SAR, on the benefits of investing in agriculture funds.

  • Alternatives Manager Search Directory

    July 25, 2008

  • Hedge Fund Strategy Performance - June 2008

    July 25, 2008

  • Mandate Scoreboard

    July 25, 2008

  • Global Macro Hedge Funds

    July 25, 2008


 

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