Stories

  • S. African Fund Focuses On Local Agriculture

    August 14, 2008

    Sanlam Private Equity and Strategy Partners created a new private equity fund that will focus on regional agriculture with ZAR330 million (USD42 million) secured in investments, Business Day of South Africa reports.

  • Bahrain, Dubai Sovereign Funds Seeks Billions

    August 14, 2008

    Bahrain's USD10 billion investment agency Mumtalakat Holdings is looking to raise USD500 million to fund acquisitions and Investment Corporation Dubai has begun a syndicating USD6 billion loan, Reuters reports.

  • Malaysian Regulator Set To Award New Licenses

    August 14, 2008

    Malaysia’s Securities Commission plans to issue another set of Islamic fund licenses as it attempts to secure its place in the Islamic finance sector, Asian Investor reports.

  • Permira Taps Goldman Exec For HK Office

    August 14, 2008

    Private equity firm Permira Advisers has appointed Henry Chen to head its new Hong Kong office, Financial Times reports.

  • Ex-Amaranth Trader Rebounds

    August 14, 2008

    Brian Hunter, the trader blamed for the collapse of Amaranth Advisors, is rebuilding his reputation as the fund he advises, Peak Ridge Capital Commodities Volatility Fund, posted a 230% year-to-date return, Financial Times reports.

  • TrueBridge Closes CVE Kauffman Fellows Fund Above Target

    August 14, 2008

    TrueBridge Capital Partners held the final closing of its CVE Kauffman Fellows Endowment Fund at USD310 million, beating its initial USD250 million target in seven months.

  • Primus Closes Sixth Fund At USD275M

    August 14, 2008

    Primus Capital Partners has completed the final closing on its sixth fund, Primus Capital Fund VI, at USD275 million.

  • Harvest Readies Portable Alpha, Volatility Funds

    August 14, 2008

    Harvest Volatility Management is preparing to launch two offerings in the fourth quarter—a portable alpha fund and a volatility arbitrage strategy.

  • Heptagon Adds VP, Lines Up Sales Pros

    August 14, 2008

    Heptagon Capital Management has hired Tapio Pekkala as a vice president in the investment management division of the $2 billion London firm.

  • Film Fund Lines Up Michael Douglas, Joel Schumacher Projects

    August 14, 2008

    Barbarian Film Group is looking to pump up its assets under management to $75 million by January 1 and increase its investment pace to seven or eight films per year.

  • Alts Advisor Rejoins HK Law Firm

    August 14, 2008

    Anthony Wong has rejoined law firm White & Case in Hong Kong after a two-year absence.

  • Lehman Promotes Hedging Solutions In Asia

    August 14, 2008

    Lehman Brothers, via its Prime Services unit, has begun promoting a suite of services to its hedge fund clients designed to more efficiently hedge market risk.

  • Ex-Morgan Execs Ready Credit Strat

    August 14, 2008

    Anil Babbar, the former Americas head of fund derivatives at Morgan Stanley, is preparing to launch a long/short credit hedge fund in January with Andrey Krakovsky, the firm's former head of emerging markets structured credit trading.

  • Millennium Principals Found New Firm

    August 13, 2008

    Several principals from Millennium Group have founded Lucidity Capital Management in New York, and are in the process of launching a diversified fund of managed accounts, expected to launch in 2009.

  • Goldman-Led Consortium Pays USD1.5B For ABN PE Assets

    August 13, 2008

    A consortium spearheaded by Goldman Sachs Group agreed to pay roughly USD1.5 billion for some ABN AMRO private equity assets, the Wall Street Journal reports.

  • Ex-Man President To Chair Prudential Board

    August 13, 2008

    Former Man Group President Harvey McGrath will join the board of directors of the U.K.’s Prudential as its new chairman, Reuters reports.

  • Morgan Gets OK To Start Saudi Stock Fund

    August 13, 2008

    Saudi Arabia's stock market regulator Capital Markets Authority has granted Morgan Stanley approval to establish an equity investment fund in Saudi Arabia.

  • Aussie Buyout CHAMP To Unload AUD1B In Assets

    August 13, 2008

    Australian buyout firm CHAMP Private Equity plans to sell assets valued at about AUD1 billion (USD870 million) as it prepares for the launch of its third fund, Australian Financial Review reports, citing no data.

  • Apollo, Lazard Partner For Europe PE Investments

    August 13, 2008

    Apollo Management and Lazard Group announced plans to form a partnership for private equity investments in Europe.

  • Wynnchurch Appoints Operating Partner

    August 13, 2008

    Private equity firm Wynnchurch Capital has hired Frank Feraco as an industry operating partner focusing on portfolio companies and advising on new platform investment opportunities.

  • Fusion Introduces Global Macro Fund

    August 13, 2008

    New York-based Fusion Investments has introduced a global macro strategy called Gryphon Investment Fund that aims to invest in equities, currencies and fixed-income markets, FINalternatives reports.

  • SRI Fund Stung By Volatility

    August 13, 2008

    Tokyo-based Moon Light Capital’s maiden hedge fund, the Moon Light SRI Long/Short Fund, dipped slightly in July, returning -2.34%, primarily due to the volatility in the U.S. stock market and oil prices.

  • Conquest Blames Big Brother

    August 13, 2008

    The $600 million Conquest Capital Group’s Conquest Macro fund was down 6.33% in July and Founder Marc Malek is pointing the finger at Washington.

  • Guitar Fund Seeks Lead Investor

    August 13, 2008

    London-based Anchorage Capital is seeking a lead investor for The Guitar Fund, the first fund to invest in rare and vintage guitars.

  • Israeli Institutional Investors Put 1.5% In PE

    August 12, 2008

    Institutional investors invest NIS11.5 billion (USD3.2 billion) in private equity, which is 1.5% of total Israeli institutional investments, The Globes of Israel reports.

  • Japan To Trim Reserves, Forego Sovereign Fund

    August 12, 2008

    Japan's foreign reserve reforms will likely remain undecided until global financial markets begin to stabilize, at which point officials might decide to cut reserves in lieu of moving funds into a sovereign wealth fund, Reuters reports.

  • Citi Expands Prime Finance Team

    August 12, 2008

    Citi has hired eight new people to expand its Asia Pacific prime finance desk, with new hires in Sydney, Singapore, Tokyo and Hong Kong that bring the team total to 45.

  • Daiwa Securities Mulls PE Move

    August 12, 2008

    Japanese brokerage firm Daiwa Securities Group announced it is considering establishing a private equity fund for about 500 billion yen (USD4.54 billion) during the next three to four years, Reuters reports.

  • Ex-LTCM Employees Starts Fund

    August 12, 2008

    Former Long-Term Capital Management employee and physicist David Ko and ex- Deutsche Asset Management Currency Head Stephen Cain has established Kurtosis Capital Partners, The Wall Street Journal reports.

  • Auda Preps Infrastructure-Focused FoPE Investments

    August 12, 2008

    Auda International, the $5 billion funds of hedge funds and funds of private equity funds firm, is in the early stages of launching its first fund of private equity funds to focus solely on infrastructure and environmentally-friendly managers globally.

  • U.K. Fund To Use More Sector Specific Hedges

    August 12, 2008

    London-based Blackfish Capital Management’s Blackfish Capital Exodus Fund tumbled in July, as it was down 9.38% last month and 8.65% since its April inception.

  • Global Advisors Goes Net-Short Commodities

    August 12, 2008

    Global Advisors’ systematic commodity futures strategy is now running net-short.

  • Park Place Postpones SRI Fund

    August 12, 2008

    London’s Park Place Capital has put on hold plans to launch a blend of its two existing European long-short equity strategies, which will focus on socially-responsible investments.

  • Carmignac Dips In July

    August 12, 2008

    Paris asset manager Carmignac Gestion’s maiden hedge fund, a long/short market-neutral strategy, posted a modest loss of 1.31% in July, due to positions in the energy and consumer sectors.

  • Cohen & Steers To Launch Asia-Pacific Fund

    August 11, 2008

    The $27 billion Cohen & Steers is preparing to launch an Asia-Pacific long/short real estate-focused hedge fund on the heels of its global fund, its first long/short strategy.

  • India Fund Looks To Small Caps

    August 11, 2008

    Arcstone Capital sees value in infrastructure plays in the small cap arena for its Passage to India Fund.

  • PE Firms Looks To Africa

    August 11, 2008

    Suffering first-world markets reeling from the credit crunch are making the emerging markets more attractive, specifically Africa, where private equity firms are doing more business, The Wall Street Journal reports.

  • Temasek Taps Morgan For New Unit

    August 11, 2008

    Singapore's sovereign fund announced that Temasek Holdings has appointed Michael Dee, a former Morgan Stanley investment banker, to join its new international unit, sources told Reuters.

  • Guotai Junan, Guosen, Ping An Get OK For PE Arms

    August 11, 2008

    Guotai Junan Securities, Guosen Securities and Ping An Securities have received approval from the Chinese regulatory unit to establish private equity divisions, the state-operated newspaper China Securities Journal reports.

  • FRM Capital Invests In Victory Park

    August 11, 2008

    Financial Risk Management subsidiary FRM Capital Advisors has invested USD60million in Chicago-based hedge fund Victory Park, EFinancial News reports.

  • July Worst Of 2008 For Hedgies

    August 11, 2008

    July has been the worst month this year for hedge fund strategies, according to the performance of the Dow Jones hedge fund strategy benchmarks, of which just one of the six strategies covered by Dow Jones Hedge Fund Indexes returned gains.

  • Aurarian Capital Preps Debt Fund For Energy

    August 11, 2008

    Aurarian Capital is working on a fund that will originate and structure debt instruments to fund the construction of alternative energy plants, Hedge Funds Review reports.

  • MayerCap Reducing PIPE Managers

    August 11, 2008

    MayerCap will reduce its private investment in public entities exposure to 20% by the end of September by taking redemptions from two of its four PIPE managers.

  • Lehman Salesman Jumps To Goldman

    August 11, 2008

    Phillip Han, former vice president of prime brokerage sales at Lehaman Brothers, has joined Goldman Sachs in a similar capacity.

  • Danske Offers Equity, Credit Hedge Funds

    August 11, 2008

    Danske Capital has opened two long/short hedge funds to external investors—a DKK100 million equity fund and a DKK50 million credit strategy.

  • Rogers, Wolver Hill Add Two For Japan Fund

    August 11, 2008

    The fund of funds partnership of Wolver Hill Advisors and Rogers Investment Advisors has hired two individuals to support Wolver Hill’s Japan Fund.

  • Oxley, nabInvest JV To Buy Singapore REIT Stake

    August 08, 2008

    NAB investment unit nabInvest has started a joint venture with Singapore-based real estate manager Oxley Capital to acquire a stake in Cambridge Industrial Trust (CIT), Financial Standard reports.

  • India’s Seedfund Prepping New Fund

    August 08, 2008

    Early-stage Indian venture capital fund Seedfund is reportedly raising capital for a new fund that the Business Standard says will be about USD30 million and the Economic Times cites sources saying it will approach USD50 million.

  • Blackstone Starts Cleantech Energy Unit

    August 08, 2008

    The Blackstone Group has created a new business group devoted to investments in the clean technology within the energy sector and offering advice on renewable energy strategies within the firm’s asset base.

  • Apollo Fills New IR Slot

    August 08, 2008

    Global alternative asset manager Apollo Global Management has appointed Gary Stein to fill the newly created position of director of investor relations.

  • Castle Hall Hires Senior Manager

    August 08, 2008

    Castle Hall Alternatives has hired Kosta Segounis as senior manager, supervise a team of analysts handling operational due diligence for a number of hedge funds, HedgeCo.net reports.

  • Tudor To Back Pallotta Spinoff

    August 08, 2008

    Tudor Investment Corp. is reportedly nearing the end of talks involving a spin-off spearheaded by Fund Manager James Pallotta, The Wall Street Journal reports.

  • N.Y. Credit Firm Zeros In On Fund Launch

    August 08, 2008

    New York-based Deister Capital Fund is about to launch a long/short credit fund focusing on corporate paper, credit-default swaps and loans.

  • Alternative Investments Satisfy HNW

    August 08, 2008

    Wealthy investors expressed greater satisfaction with alternative investments than with their more traditional investments over the past 12 months, according to The Bank of America Survey of Attitudes Toward Alternative Investments.

  • GoldenTree Preps Distressed Fund

    August 08, 2008

    GoldenTree Asset Management is in the market with a fund that will buy CLO bonds trading at distressed prices.

  • ChipInvestor Sees Smaller As Better

    August 08, 2008

    Long/short equity hedge fund firm ChipInvestor Group sees small- and mid-size technology companies as a best-buy in the sector.

  • Matrix Rolls Out Asia Hedge Fund

    August 08, 2008

    Matrix Alternative Asset Management has rolled out a Pan-Asian long/short equity fund, the £2 billion London firm’s third single-strategy hedge fund.

  • AIN Data Commentary, Aug. 8, 2008

    August 08, 2008

    This week we will focus on the equity market neutral strategy.

  • European Emerging Markets Options Find Favour

    August 08, 2008

    Options on European emerging market currencies are finding takers as liquidity improves and players position for movement in the underlying.

  • "What a great month to start a new fund!"

    August 08, 2008

    --Geoff Marson, portfolio manager at Odey Asset Management, in a tongue-in-cheek note to investors on his fund's June launch.

  • Alternatives Manager Search Directory

    August 08, 2008

  • Mandate Scoreboard

    August 08, 2008

  • Long/Short Equity Hedge Funds

    August 08, 2008


 

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