Stories

  • Korean Sovereign Fund In Talks With Lehman, Merrill

    August 21, 2008

    Lehman Brothers has reportedly fudged talks about a possible investment by a Korean sovereign wealth fund while Merrill Lynch CEO John Thain prepares for a visit with the fund and government officials, The Telegraph reports.

  • India’s Basiz Gets USD2M From NEA-IndoUS

    August 21, 2008

    India’s Basiz Fund Services has received USD2 million from NEA-IndoUS Ventures, Business Standard reports.

  • Amanda To Lose CEO, Gain Biz Development Exec

    August 21, 2008

    Finland’s Amanda Capital announced a change in leaderships that will see CEO Petteri Änkilä step down on Aug. 29.

  • Madison Dearborn Lowers Fund Cap

    August 21, 2008

    Buyout firm Madison Dearborn Partners has cut the cap on its new fund, changing it to USD7.5 billion from USD10 billion, Private Equity Analyst reports.

  • Persistence Capital Launches Healthcare Fund

    August 21, 2008

    Canadian firm Persistence Capital Partners has created a fund focusing on healthcare in Canada called PCP Healthcare Opportunities Fund, AltAssets reports.

  • SkyBridge Seeds Global Macro Shop

    August 21, 2008

    Hedge fund seeder SkyBridge Capital has made its first investment from its second fund in the new macro operation Outpost Investment Group, FINalternatives reports.

  • First Quadrant To Kickoff Global 130/30

    August 21, 2008

    Pasadena, Calif.-based First Quadrant intends to open a global version of its $650 million domestic 130/30 fund to institutional investors.

  • Former Colleague Backs Benton’s Retirement

    August 21, 2008

    While many market participants were stunned last week by the news that Dan Benton is shutting down Andor Capital Management, one of his former lieutenants is taking it all in stride.

  • Hedgies Make Asian Index Volatility Plays

    August 21, 2008

    Asian equity heads have observed a handful of unexpected index volatility plays from Asian hedge funds over recent weeks.

  • Texas ERS To Invest In Hedge Funds

    August 21, 2008

    The $23 billion Employees Retirement System of Texas last Tuesday voted to make a maiden 5% foray into hedge funds.

  • Qatar, Indonesia Establish USD1B Fund

    August 20, 2008

    Qatar and Indonesia have established a USD1 billion fund to invest in energy and infrastructure, Reuters reports, citing Indonesia's ambassador to Qatar Rozy Munir.

  • Winton Alpha Fund Gains 23.5%

    August 20, 2008

    The Winton Global Alpha Fund has returned 23.5% over the 12-month period that ended July 31, Financial Standard reports.

  • Avenue Dips Most in Six Years

    August 20, 2008

    USD20.5 billion hedge fund Avenue Capital posted the largest losses in six years in June, with funds losing between 1% - 4%, Reuters reports.

  • Crederian Launches Alt Administration Services

    August 20, 2008

    Crederian Fund Services announced it now offers full-service fund administration for the alternative asset management industry via its Philadelphia area office, HedgeWeek reports.

  • CFTC Fines Hedge Fund USD279M

    August 20, 2008

    The Commodities Futures Trading Commission has ordered Paul Eustace, a former fund manager of now defunct hedge fund Philadelphia Alternative Asset Management, to pay USD279 million to investors and USD12 million in civil penalties after being convicted of fraud.

  • Morgan Subsidiary Adds Partner

    August 20, 2008

    Copia Capital, a subsidiary of Morgan Stanley alternative asset manager FrontPoint Partners, has appointed David Pritsker a partner monitoring administration and financial management.

  • Loughlin Meghji Adds Directors

    August 20, 2008

    Loughlin Meghji + Company has hired two directors as part of its push to double its staff by year’s end.

  • London Firm To Push Macro Strat

    August 20, 2008

    Nau Capital, the London-based startup founded by João Poppe and Rodrigo França, will begin marketing its maiden fund in the next few months.

  • Harcourt To Get Swiss Licence

    August 20, 2008

    Harcourt Investment Consulting expects to be approved by the Swiss Banking Commission to operate as a licensed asset manager in Switzerland by the end of the month.

  • Gartmore Reveals Consumer Shorts

    August 20, 2008

    Gartmore Investment Management has lifted the lid on some of the short positions held by its consumer-focused AlphaGen EtaCas Fund.

  • Stagg Aims For $500M

    August 20, 2008

    Stagg Capital Group is seeking to grow assets in its SV Special Situations Fund to $400-500 million from $130 million.

  • Goldman, HBK Vet Sets Up Shop

    August 20, 2008

    Alejandro Espejel, former portfolio manager at Goldman Sachs and HBK Capital Management, has founded Tempus Quo Capital Management and is preparing to launch the Tempus Quo Master Fund in September.

  • Terrapin To Offer Water Fund To Institutions

    August 20, 2008

    Terrapin Asset Management is going to start marketing The Water Fund, the firm’s water industry-focused hedge fund, to institutional investors, having completed a three-year track record.

  • Gartmore Targets Germany

    August 20, 2008

    Gartmore Investment Management will make its first hedge fund push into German-speaking Euroape.

  • BlueCrest Seeks Assets For Credit Fund

    August 20, 2008

    BlueCrest Capital Management is gearing up to raise capital again for its BlueCrest Multi Strategy Credit Fund.

  • Penso To Roll Out Alpha Risk Overlay

    August 20, 2008

    Hedge fund firm Penso Capital Markets will launch an alpha risk overlay strategy at the end of the month to provide a hedge against systematic risk in portfolios and to extract greater returns from low-volatility portfolios through a switch option.

  • Clearbrook To Make First Foray In Alts

    August 19, 2008

    Clearbrook Financial is adding an alternative investment platform to its existing services, according to Bob Alderman, managing principal.

  • Kuwait Inks Nine Deals In Asia Worth USD27B

    August 19, 2008

    Kuwait has inked deals in excess of USD27 billion with nine Asian countries, including Brunei and the Philippines, Reuters reports.

  • Edelweiss Preps PE Fund

    August 19, 2008

    Indian financial services company Edelweiss Capital is believed to be establishing a private equity fund and is thought to have lured the Government of Singapore Investment Corporation’s Debi Guha to run the proposed fund, VCCircle reports.

  • SRM Loses 77% Through July

    August 19, 2008

    SRM Global, a hedge fund founded by ex-UBS trader Jonathan Wood, is down 77% through July after losing 34% in 2007, The Wall Street Journal reports.

  • CCMP Appoints Chairman

    August 19, 2008

    CCMP Capital has appointed Greg Brenneman chairman and a member of the investment committee, effective Sept. 30. Brenneman is the ceo of the restaurant chain Quiznos.

  • Duff Capital Adds Two Investment Teams

    August 19, 2008

    Alternative investment manager Duff Capital Advisors has added two new investment teams and expanded its senior management with the hiring of Andrew Wilder, Mike Khorrami, Charles Lerner, Laura Flynn and Maria Berenguer, HedgeWeek reports.

  • SageCrest Files For Chapter 11

    August 19, 2008

    Hedge fund SageCrest Finance has filed for Chapter 11 bankruptcy amid rumors of debt issues and lawsuits, Reuters reports.

  • WexTrust Director Calms Investors

    August 19, 2008

    Avi Benamu, the former director of partner relations at Chicago-based WexTrust Capital, is dividing his time between trying to protect WexTrust’s investors’ assets and seeking a new job.

  • Art Fund Lines Up First PE Investments

    August 19, 2008

    IndexAtlas Group’s art-focused fund will make its first two private equity investments this fall.

  • Lionhart PE Fund Inks Deals

    August 19, 2008

    Lionhart, the $800 million Toronto alternatives shop, has made the initial round of investments for its first private equity strategy, the Lionhart Talon Fund.

  • BlueCrest To Bulk Up Credit Trading Desk

    August 19, 2008

    BlueCrest Capital Management is looking to recruit four traders across its credit derivatives business.

  • Actis Shoots For Emerging Markets Record

    August 19, 2008

    Actis will hold a second and final close for its Actis Emerging Markets 3 private equity fund at the end of the year, with the aim of hitting $2.5 billion.

  • Sumitomo To Close Tokyo Advisory Platform

    August 19, 2008

    Sumitomo Corp. will liquidate its Tokyo-based funds of hedge funds advisory platform Sumisho Capital Management Sept. 1 and has pulled funding from at least one manager it has seeded.

  • Penso Braces For Enduring Credit Slump

    August 18, 2008

    Penso Capital Markets has placed 5.5% of its fund of hedge fund assets into short-only funds and short-focused credit funds and is using 10-20% of its capital for systemic hedges as it braces for the credit slump to continue well into 2009.

  • Goldman Fund To Invest In Middle East Investments

    August 18, 2008

    Goldman Sachs has introduced a new proprietary fund that aims to invest in assets in the Middle East, The Telegraph reports.

  • Thai Govt. Unit, Banks Introduces PE Fund

    August 18, 2008

    Thailand's largest pension fund, Government Pension Fund, has teamed up with the Brunei Investment Agency (BIA) and eight Thailand-based financial institutions to introduce a second Thailand Prosperity Fund, reports The Bangkok Post.

  • Brevan Howard Biggest European Hedge Fund

    August 18, 2008

    Brevan Howard Asset Management has surpassed Man Group as the biggest hedge fund manager in Europe following a 73% increase in assets over the 12-month period that ended in June, Financial News reports.

  • Apollo Seeks GBP1.1B For Distressed Debt Buys

    August 18, 2008

    US private equity firm Apollo Management hopes to raise up to GBP1.1 billion to purchase poorly performing loans from European banks, Telegraph reports.

  • Lone Star To Close Korea Biz

    August 18, 2008

    Dallas-based buyout company Lone Star Funds plans to stop doing business in South Korea, Yonhap News reports, citing unnamed financial industry officials.

  • Miami Hedgie Gets Jail Time For Fraud

    August 18, 2008

    Former hedge fund executive Salman Shariff has been sentenced to 57 months in jail for taking millions from investors to buy luxury items and lying about the performance of funds, HedgeCo.Net reports.

  • Agecroft Taps New Director

    August 18, 2008

    Agecroft Partners, a Richmond, Va., third-party marketing firm, has tapped a managing director to join next month.

  • Buechler Taps Institutional Clients

    August 18, 2008

    La Jolla, Calif.-based Buechler Capital Asset Management has recently taken on its first institutional investor, a $30 million fund of funds, for its Kiwi-Pacific Fund.

  • EFG PM Joins Deutsche

    August 18, 2008

    Romy Cabrera, former v.p. at Geneva- and Zurich-based private bank EFG Bank, has joined Deutsche Bank in the private wealth division.

  • Navigator Cuts Financials, Adds Vol Arb Exposure

    August 18, 2008

    Fund of hedge funds firm Navigator Capital Partners, which manages about $40 million invested across 45 hedge funds, is reducing its exposure to the financial sector and bulking up on volatility arbitrage managers.

  • Osmium Seeks Assets For Special Sits Fund

    August 18, 2008

    Bermuda boutique Osmium Capital Management is seeking to increase assets in its market-neutral event-driven strategy to $500 million from about $200 million, at which point it is likely to hard-close.

  • Mulvaney Hit By Energy, Crop Reversals

    August 18, 2008

    Mulvaney Capital Management’s systematic financial and commodity futures program was down 18.78% in July.

  • Fund Holds Off Launch Until New Partner Joins

    August 18, 2008

    Boston-based Kellport Capital is delaying the official launch of its multi-strategy credit fund until a new partner joins in late-September.

  • Brazil Firm Hires Two Analysts

    August 18, 2008

    São Paulo-based fund of hedge funds firm Bank Safdié has hired Fernando Alarcon and Fausto Bonini, who joined as analysts earlier this month.

  • Citi Reorgs Asia-Pacific Ops; CAI Included

    August 18, 2008

    Citigroup has reorganized the structure of its Asia-Pacific operations to four geographic clusters as it seeks to expand its business, including its alternatives operations.

  • Triple A To Sign London Marketing Director

    August 18, 2008

    Triple A Partners in Hong Kong is about to hire a London-based marketing director as it seeks to staff up in anticipation of growth.

  • Dalton Launches Distressed Mortgage Strategy

    August 15, 2008

    Los-Angeles based Dalton Investments has launched its Dalton Distressed Mortgage Opportunity Strategy with $90 million in capital and has already begun buying up tranches of sub-prime mortgage-backed securities.

  • D5 On Lookout For Marketer, Looking To Expand Strategy

    August 15, 2008

    Stamford, Ct.-based D5 Advisors is looking to hire a third-party marketer for its flagship fundamental long/short net asset value fund.

  • Ex-Morgan Stanley Director Joins Cedar Hill

    August 15, 2008

    Takashi Moriuchi, former executive director at Morgan Stanley, has joined the $1.3 billion Cedar Hill Capital Partners as managing director.

  • AIN Data Commentary, Aug. 15, 2008

    August 15, 2008

    This week we focus on the Event Driven strategy, which has seen a decline in recent months and has been outperformed by the composite since 2006.

  • SYW Sees Profits In Insurance Companies

    August 15, 2008

    Long/short equity firm SYW Capital is finding value in insurance companies, seeing companies such as Aflac (AFL) as attractive undervalued stocks in which to invest.

  • Long/Short Japanese Equity Fund Shuts Down

    August 15, 2008

    Denver, Colo.,-based Aperta Asset Management has closed down its long/short Japanese equity fund due to redemptions.

  • Harbinger To Raise Stake In Cleveland-Cliffs

    August 15, 2008

    Hedge fund Harbinger Capital Partners is seeking approval from Cleveland Cliff's shareholders to boost its ownership stake to as much as a third of the iron-ore company, Reuters reports.

  • PSource Fundraises For Debt Fund

    August 15, 2008

    Hedge fund firm PSource Capital plans to raise further assets for the GBP69 million (USD129.2 million) PSource Structured Debt fund to grow it to GBP100 million or more by the end of the year.

  • Soros Hedge Fund Bought Petrobras Stake Worth $811 Million

    August 15, 2008

    George Soros bought an $811 million stake in Petroloe Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund's largest holding, Bloomberg reports.

  • Turnberry To Liquidate

    August 15, 2008

    Hedge fund Turnberry Capital Management, a distressed debt strategy, is telling investors that it plans to shut down and return all money to investors after many requested redemptions, Reuters reports.

  • "When stock markets crap out, collectables tend to retain value."

    August 15, 2008

    --Tommy Byrne, chief operating officer at Anchorage Capital, explaining the case for the firm's new guitar and memorabilia fund.

  • Alternatives Manager Search Directory

    August 15, 2008

  • Mandate Scoreboard

    August 15, 2008

  • Fixed income hedge funds

    August 15, 2008


 

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