Stories

  • SEC Blog Ruling Puts Screening Co. In Spotlight

    August 08, 2008

    With the recent U.S. Securities and Exchange Commission ruling that Website postings are an acceptable form of corporate public disclosure, Sunnyvale, Calif.-based Skygrid believes its services may be more useful than ever to hedge fund managers.

  • Investcorp Launches $1B Fund

    August 08, 2008

    Investcorp’s New York-based real estate group has launched a $1 billion fund to invest in performing commercial and residential real estate debt.

  • Texas Firm Considers Short-Only Fund

    August 07, 2008

    Atlas Capital Management, the $490 million Dallas-based hedge fund firm founded by Robert Alpert, is considering launching the Atlas Capital Cassandra Fund in the fourth quarter.

  • AMP Capital To Raise USD750M For China, India

    August 07, 2008

    AMP Capital Investors is hoping to raise up to USD750 million for its Asian Giants Infrastructure Fund that aims to invest in large-scale projects in India and China, Asian Investor reports.

  • Candover Plans India Office

    August 07, 2008

    European buyout firm Candover plans to open an office in India and has lured Goldman Sachs’ Harsha Raghavan to run it, The Economic Times reports.

  • HBOS Fundraising For Portfolio Fund

    August 07, 2008

    U.K. lender HBOS is in the midst of fundraising for a fund that will buy stakes in its portfolio companies, AltAssets reports.

  • Palatium Poaches Citi Team For Mezz Fund

    August 07, 2008

    Private equity real estate investor Palatium has hired a specialist mezzanine and preferred equity team from Citigroup to manage its planned specialist fund in this area.

  • Hedgies Lose In July Over Short Reversal

    August 07, 2008

    Hedge fund advisory firm Hennessee Group reported that the Hennessee Hedge Fund Index dropped -1.95% in July (-3.23% YTD) underperforming its benchmarks as the S&P 500 dropped -0.99% (-13.71% YTD), the Dow Jones Industrial Average gained +0.25% (-14.22% YTD) and the NASDAQ Composite Index gained +1.42% (-12.30% YTD).

  • JPMorgan Loses M&A Exec To Quantum

    August 07, 2008

    Dheeraj Verma, an executive director and the co-head of JPMorgan's mergers and acquisitions unit, is departing to work for private equity firm Quantum Energy Partners, SparkSpread.com reports.

  • Moelis Taps Fortress For New Partner

    August 07, 2008

    Moelis & Company has hired Greg Share as a partner in the private equity unit of New York-based Moelis Capital Partners.

  • Former CRM Managers Launch L/S Strat

    August 07, 2008

    Three portfolio managers from New York asset management firm Cramer Rosenthal McGlynn have teamed up with Morty Schaja, former president of New York's Baron Capital, to launch Rebus Partners.

  • Canadian School To Add Currency, Ups Infrastructure

    August 07, 2008

    The CAD1.3 billion (GBP648 million) hybrid pension scheme for York University is planning to invest in active currency management and is seeking to increase its infrastructure investments.

  • Odey Lifts Lid On FoF Allocations

    August 07, 2008

    Odey Asset Management has begun allocating the capital in its Odey Opportunity Fund, a fund of funds that invests in long-only funds and long/short equity funds, and may take exposure to other hedge fund strategies, bonds, commodity and property funds.

  • Aureos Exits African Pharma Co

    August 07, 2008

    Mauritius-based private equity firm Aureos Capital has sold its stake in pharmaceutical company Shelys Africa Limited to South Africa-based Aspen Pharmacare Holdings, Africa’s largest pharmaceutical manufacturer.

  • Compass Affiliates To Launch LatAm Funds

    August 06, 2008

    Local affiliates of Compass Group will debut a series of offshore funds in Brazil, Mexico and Chile within the next two to six months.

  • Event Driven Fund Hires Analyst

    August 06, 2008

    New York-based Moab Capital Partners has added Herman Tso as an analyst to its four-person team as it continues to grow its event driven fund.

  • FoF Shifts Allocations

    August 06, 2008

    Fund of hedge funds firm Guidance Capital has softened the blow of a terrible market on its absolute return fund by shifting allocations away from convertible and merger arbitrage and into equity market neutral managers, according to Founder Brian Ziv.

  • Canadian Firm Launches Third Fund

    August 06, 2008

    Toronto-based Venator Capital Management launched its third hedge fund Aug. 1.

  • Hedge Funds Start To Play Longevity Swaps

    August 06, 2008

    Funds managers are starting to trade longevity swaps, which have so far been the domain of reinsurers, helping drive up flows in the business of picking life expectancy.

  • Kuwait To Triple Japan Allocation, Eyes China

    August 06, 2008

    Kuwait is considering tripling its investment in Japan to USD48 billion through its sovereign wealth fund because of recent a bilateral taxation avoidance treaty, Kuwait News Agency reports.

  • Haitong Securities Gets OK For PE Deals

    August 06, 2008

    China-based brokerage firm Haitong Securities Co. has received approval from the China Securities Regulatory Commission to make private equity investments, Bloomberg reports.

  • Thaddeus Taps Ex-Merrill Exec For COO

    August 06, 2008

    Yvonne Wong, the former capital introductions chief at Merrill Lynch’s Asian prime brokerage division, has moved to Thaddeus Capital to serve as chief operations officer, FINalternatives reports.

  • Tata Capital Names PE Head

    August 06, 2008

    Tata Capital has hired Shailendra Bhandari to serve as head of its private equity division, The Economic Times reports.

  • Geomatrix Launches Pan Asia L/S Fund

    August 06, 2008

    Hong Kong-based Geomatrix has reportedly introduced a large-cap long/short fund that hedges risk through listed index futures, FINalternatives reports.

  • Crispin Odey Lands GBP28M Bonus

    August 06, 2008

    Odey Asset Management Founder and Fund Manager Crispin Odey has raked in almost a GBP28 million annual bonus after profits at his firm nearly tripled, The Times of London reports.

  • JPMorgan PE Services Available In Jersey

    August 06, 2008

    JPMorgan Private Equity Fund Services continues its expansion with the creation of a Jersey operation to cater to new existing and new offshore clients.

  • Evergreen Pacific Closes Second Fund At USD425M

    August 06, 2008

    Private equity fund Evergreen Pacific Partners has closed its second fund at USD425 million, bringing its total AUM to USD700 million through two private equity funds.

  • Chicago Firm Seeks Third Party Marketer

    August 06, 2008

    Sellers Capital is looking to hire a third party marketer to enhance its growing fund.

  • Brevan Howard Hires Highland MD

    August 06, 2008

    Vince Thompson, former managing director at Highland Financial Holdings, has joined Brevan Howard Asset Management in New York.

  • KGR Rolls Out Uncorrelated FoF

    August 06, 2008

    KGR Capital has launched the Asia Market Neutral Fund, which rolled out on August 1 at the request of a U.K. institutional investor who has seeded it with $12 million.

  • Event Driven Fund Seeks Analyst

    August 05, 2008

    New York-based FrontFour Capital is seeking an analyst to add to its current team of five.

  • Bahrain’s Tharawat Opens Doors

    August 05, 2008

    Bahrain-based Tharawat Investment House has opened up shop to take advantage of opportunities in the downstream industrial, real estate, services and agriculture sectors, MENAFN reports.

  • Morgan Stanley Names Saudi Chief

    August 05, 2008

    Morgan Stanley has promoted Habib Achkar as the new ceo for its Saudi Arabia unit, Zawya Dow Jones reports.

  • Tasman Capital Aquires Nikko Principal, Preps Fund

    August 05, 2008

    Tasman Capital has launched as a result of its acquisition of Nikko Principal Investments Australia from Nikko Citi Holdings, AltAsssets reports.

  • Fulcrum, Butterfield To Merge

    August 05, 2008

    Hedge fund administrator Fulcrum Group and investment administration provider Butterfield Fund Services (BFS) announced plans to merge and form the Butterfield Fulcrum Group (BFG), pending regulatory and governmental approvals.

  • TD Waterhouse Fined For HF Sale

    August 05, 2008

    TD Waterhouse has reached a settlement with the Investment Industry Regulatory Organization of Canada (IIROC) Thursday to pay a USD2 million fine for selling hedge funds to clients unauthorized to own them, Canwest News Service reports.

  • Ex-Merrill Trading Head Kills Hedge Fund Plans

    August 05, 2008

    Merrill Lynch’s former head of trading and investment banking Dow Kim has pulled the plug on his plans to start a hedge fund after investors backed out, two people with knowledge of the matter told Bloomberg.

  • Cohen & Steers Unveils First Hedge Fund

    August 05, 2008

    Cohen & Steers has launched its first hedge fund, focusing on long/short positions in commercial and residential real estate.

  • Global Macro Shop Seeks Analysts

    August 05, 2008

    Stamford, Conn.,-based Suranya Capital Partners is hoping to staff up its five-person team with an additional two analysts by year’s end.

  • Simran Orchestrates Debt Exchange

    August 05, 2008

    Chicago-based Simran Capital Management is capitalizing on the opportunities for bondholder activism stemming from the credit meltdown, most recently helping to craft a debt exchange with Primus Telecommunication Group.

  • Hyerdale Dips In July

    August 05, 2008

    After a rip-snorting first half, New York-based Hyerdale Capital’s maiden hedge fund, a U.S. long/short equity strategy, was down slightly in July, due primarily to being short financials.

  • Fauchier To Add To New York Office

    August 05, 2008

    London fund of hedge funds firm Fauchier Partners is seeking to add a couple of analysts to its three-strong New York office which opened just over a year ago.

  • Occam Delays Japan Onshore Launch

    August 05, 2008

    Occam Asset Management is delaying the launch of a Ucits III strategy based on its long/short Japanese equity fund.

  • CQS Adds Head of Distribution

    August 05, 2008

    Martin Harris has joined CQS as head of distribution, a newly created role.

  • Energy Fund To Become Qualified Manager

    August 05, 2008

    Harpswell Capital Management is planning to switch over to be a qualified pension asset manager by year’s end so it can increase its pension fund assets under management.

  • Marshall Wace Snags Japan Analyst

    August 05, 2008

    Marshall Wace GaveKal Asia has hired Japan analyst Tomonori Kaneko for its Hong Kong office.

  • Nigeria Prepping Sovereign Wealth Fund

    August 04, 2008

    The African nation of Nigeria is using its oil capital to create a sovereign wealth ahead of falling oil prices, Reuters reports.

  • Inflows To Asia HFs Down From Q207

    August 04, 2008

    Asia-focused hedge funds globally saw capital inflows of USD530 million from investors during the second quarter of 2008, according to Hedge Fund Research, Asian Investor reports.

  • Blackstone Opens Beijing Office

    August 04, 2008

    The Blackstone Group announced plans to open a representative office in Beijing that will be run by Shan Fu, who will be chief representative.

  • Brazil Launches Fund To Protect Rainforest

    August 04, 2008

    Brazilian President Luis Inacio Lula da Silva has introduced an international fund to protect the Amazon rainforest and fight climate change, BBC reports.

  • Citigroup To Close Tribeca Global Arb Fund

    August 04, 2008

    Citigroup is reportedly closing a USD400 million convertible arbitrage fund as part of the final stage of winding down its USD2 billion Tribeca Global Investments group, people familiar with the plans told Bloomberg.

  • Canada’s Venator Preps L/S Fund

    August 04, 2008

    Toronto-based Venator Capital Management is preparing to introduce a new long/short hedge fund that will focus on North American income opportunities, HFMWeek reports.

  • Shopkorn Readies Hedge Fund

    August 04, 2008

    Stanley Shopkorn, the iconic former head of equities at Salomon Brothers and Moore Capital Management, is reportedly preparing to launch a long/short equities strategy with a global macro overlay in the next few weeks.

  • Red Dot To Launch Internal Strategy

    August 04, 2008

    Red Dot Investment Strategies will launch the first version of its applied mathematical strategy on August 18.

  • Citadel Sees HK Director Departures, Hires

    August 04, 2008

    Citadel Investment Group is about to lose one Hong Kong-based divisional director—Donald Ewer—and lost another—Sandeep Gupta—last month.

  • MayerCap Revamps Strategy

    August 01, 2008

    New York’s fund of hedge funds firm MayerCap has changed approaches with its financing strategy to keep both the levered and un-levered versions of MayerCap Financing Fund from ever having a down month.

  • Ex-Stadia Founder Starts New Fund

    August 01, 2008

    Rick Abeyta, former founder of Stadia Capital, has founded 360 Global Capital and will launch its maiden fund in late August.

  • Pequot May Shut Down Healthcare Offering

    August 01, 2008

    The $7 billion Pequot Capital Management is considering shutting down its healthcare hedge fund in the next few weeks.

  • JPM’s Abate Heads To Silver Point

    August 01, 2008

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

  • AIN Data Commentary, Aug. 1, 2008

    August 01, 2008

    As we can see from historical performance data from both Barclay Hedge and Hennessee Group, the short-biased strategy typically goes against the grain, and June was no exception.

  • NPS Ex-CEO Joins Pacific Star

    August 01, 2008

    Kim Ho-Shik has joined the international advisory board of Singapore-based real-estate investment house Pacific Star Group, reports Asian Investor.

  • Pride To Raise $50 Million For Pre-IPO China Fund

    August 01, 2008

    Pride Investment, a China-focused fund management group founded by Lewis Wan, the former CIO of Marco Polo Investments, says it is raising $50 million for its latest China pre-IPO investment fund.

  • Citadel Hires Six People From Merrill for Asia Funds

    August 01, 2008

    Citadel Investment Group, the hedge fund manager with more than $20 billion in assets, hired Adwait Masurkar from Merrill Lynch to boost its Asian distressed and special situations investments team, said two people familiar with the decision, Bloomberg reports.

  • Back Down To Earth For FoFs

    August 01, 2008

    Funds of hedge funds, which have been among the more widely used ways of investing in hedge funds in the past few years, have recently been declining in popularity.

  • Corazon Preps Leveraged Absolute Return Fund

    August 01, 2008

    A week after announcing its management buyout, Corazon Capital—the former Dawnay Day Milroy—is prepping a leveraged version of its Absolute Return Fund for launch within the next few months, FINAlternatives reports.

  • Carlyle Group To Liquidate $600 Million Hedge Fund

    August 01, 2008

    Carlyle Group is liquidating its $600 million Blue Wave hedge fund, which has been plagued by losses in mortgage-backed securities since its March 2007 launch, the Wall Street Journal reports.

  • "You have to write it like McDonald's does with coffee--watch out, it's hot!"

    August 01, 2008

    --Mike Juraschek, sales manager at Thames River Capital, on rules governing the distribution of hedge funds in Germany which require a fund's prospectus to make the risk of losses clear.

  • Mandate Scoreboard

    August 01, 2008

  • Alternatives Manager Search Directory

    August 01, 2008

  • Funds Of Hedge Funds

    August 01, 2008

  • Liquid Realty To Expand In U.K.

    August 01, 2008

    Liquid Realty Partners wants to expand its investments in the U.K. property market.

  • Aeneas Director Settles Transfer Claims

    August 01, 2008

    The Securities and Exchange Commission last month reached a settlement over allegations of unauthorized hedge fund cash transfers.

  • Funds Seek Marketing And Sales Heads

    August 01, 2008

    Alternative asset managers are investing in sales and marketing staff as they seek "stickier" money from pensions, endowments and public funds, say recruiters.


 

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