Stories

  • MBS Fund Looks To Double Assets

    August 29, 2008

    California-based KWK Management is seeking to roughly double assets in its mortgage-focused hedge fund, in time to exploit year-end investment opportunities in the government-sponsored enterprise mortgage sector.

  • Hedge Funds Seek To Exit Basis Portfolios

    August 29, 2008

    With credit spreads widening due to the increased cost of borrowing, hedge funds using leverage to juice returns on basis portfolios are looking to cash out of those positions, according to the head of credit at a bulge bracket firm.

  • State Street Opens Qatar Office

    August 28, 2008

    State Street Corp. has expanded its Middle East presence with the opening of a new office in Doha, Qatar.

  • Eurasia To Expand Mongolia Fund

    August 28, 2008

    Eurasia Capital Management plans to increase the world's first Mongolia-focused fund fivefold to USD100 million to take advantage of economic growth stemming from the country's mining industry, Bloomberg reports.

  • Norwegian Sovereign Fund To Invest In Renewable Energy

    August 28, 2008

    Norway plans to use part of its USD400 billion sovereign wealth fund to invest in development of renewable energy sources, Reuters reports, citing Deputy Finance Minister Henriette Westhrin at a green seminar.

  • Premier Taps Ex-Thames Hedgie For Fund

    August 28, 2008

    Premier Asset Management has hired former Thames River hedge fund specialist Chris Wright to assume responsibility for the Premier Dividend Fund, effective Sept. 1, Citywire reports.

  • Viresco Launches Clean Tech Fund

    August 28, 2008

    San Diego-based Viresco International Capital Management has launched a long/short hedge fund called Viresco Opportunities Global Fund that aims to benefit from the growing popularity of clean energy and technologies, FINalternatives reports.

  • Julius Bear Introduces EM Bond Fund To U.K.

    August 28, 2008

    Swiss asset management firm Julius Baer announced it will launch its USD1.8 billion emerging market bond fund to investors in the U.K., HedgeWorld.com reports.

  • UBS Hires Prime Brokerage Sales Chief

    August 28, 2008

    Jon Jodka joined UBS as managing director and head of U.S. prime brokerage sales Thursday.

  • McDonnell To Open Big Apple Office

    August 28, 2008

    McDonnell Investment Management, the Oak Brook, Ill.-based asset manager, will open a New York office on Sept. 1.

  • Ernst & Young Sees PE Treasury Services Uptick

    August 28, 2008

    Ernst & Young’s global treasury advisory unit is seeing more business from private equity buyout teams as managers and investors become increasingly concerned with due diligence because of current market turbulence and liquidity issues.

  • Dutch Scheme Plans First Alts Foray

    August 28, 2008

    Stichting Pensioenfonds Urenco Nederland, with total assets worth EUR205 million, is seeking to invest in alternatives for the first time.

  • Glazer Dismisses M&A Dearth

    August 28, 2008

    Despite investor concerns about a drop-off in merger arbitrage opportunities, M&A hedge fund firm Glazer Capital Management still sees plenty of potential in the strategy.

  • Administrator Looking For Sales Pro

    August 27, 2008

    Gemini Fund Services, an administrator with $10 billion in assets under administration—of which $2 billion is in hedge funds—is searching for a salesman for its hedge fund division.

  • VC Firm Going After Bigger Deals

    August 27, 2008

    California-based Institutional Venture Partners has brought on two new associates, JPMorgan alum Michael McLean and former Menlo Ventures Analyst Elizabeth Bailey Weil, in preparation of the firm doubling the size of its later-staged venture capital deals in the next few quarters.

  • Ex-Swiss Re, Fortress MD Launches Stat Arb Fund

    August 27, 2008

    Michael Graves, former managing director at Swiss Re and Fortress Investment Group, has founded Tesseract Capital in New York and is preparing to launch a statistical arbitrage global market-neutral strategy, the Tesseract Capital Trading Fund, in the next few days.

  • Battery Ventures Expands Israel Office

    August 27, 2008

    Technology venture capital and private equity firm Battery Ventures is building up its Israeli unit with relocation of U.S.-based general partner Scott Tobin and senior associate David Sokolic.

  • Fortress To Start MENA Fund

    August 27, 2008

    Fortress Investment Group plans to open a fund to invest in the Middle East and North Africa in September that will help regional nations develop income sources outside the oil industry, Bloomberg reports.

  • CITIC Mulls PE Fund Launch

    August 27, 2008

    CITIC Group subsidiary CITIC Capital is in talks with the Chinese national pension fund to start a yuan-denominated private equity fund, industry officials told Reuters.

  • KKR To Bid For Lehman’s AM Unit

    August 27, 2008

    Lehman Brothers Chairman and CEO Dick Fuld is looking to close a deal to unload its asset management business and reportedly has potential bidders including private equity house Kohlberg Kravis Roberts (KKR), The Times of London reports.

  • Gottex Launches Multi-Asset Program

    August 27, 2008

    Alternative asset management firm Gottex Fund Management Holdings has launched a global multi-asset investment program that will allocate funds to alternative and traditional investments with an approach that parallels America’s “super endowments.”

  • Arkanar To Acquire Merlin Global, Launch Fund

    August 27, 2008

    Camelot Global Investments announced it has undergone a management buyout by Arkanar Financial Holdings and will relocate to Tallinn, Estonia while keeping a branch in the Cayman Islands, HedgeCo.Net reports.

  • MFA Taps Senate Banking For V.P.

    August 27, 2008

    The Managed Funds Association (MFA), has appointed Roger Hollingsworth executive v.p. and managing director of government relations, effective Sept. 8, 2008.

  • Och-Ziff, Kolter Join Forces For RE Investments

    August 27, 2008

    The Kolter Group has inked an agreement with a unit of hedge fund Och-Ziff Capital Management Group to buy real estate assets in the Southeast region of the U.S., Reuters reports.

  • Citi Plans Structured Products On New Quant Index

    August 27, 2008

    Citigroup is devising a suite of over-the-counter structured products tied to a new index it has created—the Hybrid Absolute Return Portfolio, or HARP, index.

  • Fridson Launches Credit Fund

    August 27, 2008

    Richard Hollander and Marty Fridson’s new firm, Fridson Investment Advisors, has launched its maiden hedge fund, Fridson Credit Strategies Fund.

  • Kacela Sees Value In Retail Sector

    August 27, 2008

    The economy may be in downturn but Kacela Capital’s Joanne Egrovich is seeing plenty of investment opportunities for its consumer and retail long/short equity fund, Kacela Partners.

  • Pollack Resurfaces To Launch Short-Biased Fund

    August 27, 2008

    Ron Pollack, the veteran short-seller at Feshbach Brothers and founder of Bulldog Capital Management, has resurfaced and founded Tampa-based Mascot Capital Management.

  • Texas Tech May Increase Hedge Funds

    August 27, 2008

    The $675 million Texas Tech University endowment is leaning toward increasing its hedge fund exposure.

  • Sooners Plan Alts Boost

    August 27, 2008

    The $1.1 billion University of Oklahoma Foundation is planning to significantly increase its 15% allocation to alternatives.

  • AIMA To Reorganize To Reflect HF Growth

    August 27, 2008

    AIMA, the global Alternative Investment Management Association, will reorganize soon.

  • Tokum Sees Healthcare Cos. Hurting

    August 26, 2008

    Tokum Capital Management is seeing shorting opportunities in drug makers and health services because it believes that in the coming months these companies will face pricing pressure from consumers.

  • Andreini Joins Cogo Wolf

    August 26, 2008

    Cogo Wolf Asset Management, the San Francisco fund of hedge funds firm, has added Alan Andreini as an analyst to its six person team.

  • Morgan Names India, ME, Africa Infrastructure Head

    August 26, 2008

    Morgan Stanley has named Gautam Bhandari to spearhead the development of the investment platform for Morgan Stanley infrastructure in India, Middle East and Sub-Saharan Africa.

  • Global Investment Start L/S India Fund

    August 26, 2008

    Global Investment House has launched a long/short absolute return growth fund called Mayur Hedge Fund that will focus on India.

  • SL Capital To Close Fourth Fund In Spring

    August 26, 2008

    SL Capital Partners (SLCP) announced the EUR520 million (USD780 million) fourth close of its latest private equity fund of funds, European Strategic Partners 2008 (ESP2008), set for March 2009.

  • Altor Closes Fund III At EUR2B

    August 26, 2008

    Altor has held the first and final close of its third fund, Altor Fund III, at its target and cap of EUR2 billion.

  • Brazilian House Starts Fund For Foreigners

    August 26, 2008

    Brazilian alternative investment firm Astra Investimentos has recently launched a fund targeting foreign investors looking for access to Brazil, FINalternatives reports.

  • Russell To Close Three FoFs

    August 26, 2008

    Northwestern Mutual subsidiary Russell Investments is closing three funds of funds because of poor performance that led to a drop in assets from USD6 billion in 2007 to USD2 billion today, The Wall Street Journal reports.

  • Citadel Seeks USD1B For Global Macro Fund

    August 26, 2008

    Citadel Investment Group is thought to be raising about USD1 billion for a new global macro hedge fund, a person with knowledge of the matter told Bloomberg.

  • Former Tiger Cub Joins Japanese Equity Firm

    August 26, 2008

    Former Tiger Management Portfolio Manager Paul Spieldenner has joined Wada Capital Management in the newly created position of president where he will focus on fundraising for the firm’s quantitative Japanese equity fund.

  • Jersey Fund Eyes $50M Soft Close

    August 26, 2008

    New Jersey-based Reade Street Capital’s fixed-income fund is planning a soft close when it reaches $50 million in the next few months.

  • Aureos Buys Stake In Plantation Co.

    August 26, 2008

    Aureos Capital’s Asian private equity fund, Aureos South Asia Fund, has bought a 25% stake in Sri Lanka-based Sunshine Group for $4.75 million.

  • Estonian Shop Eyes More Funds

    August 26, 2008

    Arkanar Financial, the Tallinn startup that formed several months ago following a management buyout by staff at Camelot Global Investment, is in talks with possible partners to launch two new strategies.

  • Citi Prime Brokerage Director Leaves

    August 26, 2008

    Richard Ernesti, global head of prime brokerage client management at Citigroup, left the firm on Monday..

  • Morley Acquires Remaining ORN Shares, Shutters Funds

    August 26, 2008

    Morley Fund Management has taken total ownership of London hedge fund firm ORN Capital, buying Founder Harald Orneberg's shares one year after he left the West End boutique.

  • Melbourne-based VC Firm Opens Enviro, Tech Fund

    August 26, 2008

    Boutique Australasian venture capital firm RedFire Investments has launched its first venture capital fund to invest in startups in the environmental and technology spaces.

  • BNP, Jarir Get Saudi Approval

    August 25, 2008

    Saudi Arabia Capital Markets Authority (CMA) has issued licenses to two firms in its continued efforts to develop and support investors in the local capital markets.

  • BNP, Jarir Get Saudi Approval

    August 25, 2008

    Saudi Arabia Capital Markets Authority (CMA) has issued licenses to two firms in its continued efforts to develop and support investors in the local capital markets.

  • Aussie VC Firm To Launch Inaugural Fund

    August 25, 2008

    Australian investment firm RedFire Investments has introduced its first venture capital fund with up to AUD70 million that will be invested primarily in the environmental and technology sectors, Voxy.co.nz reports

  • India’s Jupiter Mulls Joint Fund

    August 25, 2008

    Rajeev Chandrasekhar’s Jupiter Capital has joined the other technology gurus India such as Wipro and Infosys Technologies owners that have launched private equity funds, Business Standard reports.

  • Nordic Commodity, ECM Top Energy Hedge Fund List

    August 25, 2008

    Nordic Commodity Funds and Energy Capital Management’s hedge funds have beat the competition in the European energy markets, where power prices fell as much as 17% in July from a record, Bloomberg reports.

  • Biden’s Son, Brother Tied To Hedge Fund Suits

    August 25, 2008

    Democratic Vice Presidential Candidate Sen. Joseph Biden Jr. (D-Del.)’s brother, James, and his son, Hunter, are involved in two lawsuits involving former hedge fund Partner Anthony Lotito Jr., The Washington Post reports.

  • Apollo President To Relocate To U.K.

    August 25, 2008

    Private equity firm Apollo Global Management is relocating Co-Founder and President Joshua Harris from New York to London as its pushes expansion in European leveraged buyouts and distressed investments, Bloomberg reports.

  • Ore Hill Freezes Redemptions

    August 25, 2008

    Credit strategies firm Ore Hill Partners has put a freeze on redemptions, restricting its clients from pulling their money from its flagship fund, The Wall Street Journal reports.

  • Tudor Investment Tops Quant List

    August 25, 2008

    Paul Tudor Jones trading firm Tudor Investment is among the top quant strategies in performance through July 31, despite being a newcomer to mathematical trading, The New York Post reports.

  • Brandywine Preps First PE Fund

    August 25, 2008

    Philadelphia-based Brandywine Realty Advisors will make its first venture into private equity by launching the Brandywine Opportunities Fund in January.

  • BlueGold Suffers From Oil Plays

    August 25, 2008

    London-based BlueGold Capital Management’s maiden hedge fund was down 19% in July, due primarily to its long oil positions.

  • Godvig Founder Seeks PE Investments In Libya

    August 25, 2008

    Björn Englund¸ founder of Iraq-focused hedge fund firm Godvig Capital Management, is traveling to Libya this week to seek private equity opportunities.

  • Temasek Open To Additional Merrill Stake

    August 22, 2008

    Singapore’s state-owned Temasek Holdings is consider plunking more money into Merrill Lynch and other financial firms, The Wall Street Journal reports, citing Fund Chairman S. Dhanabalan’s speech.

  • Abu Dhabi Eyes U.S, Europe, Japan

    August 22, 2008

    The Abu Dhabi Investment Council plans to invest in the U.S., Europe and Japan, expanding beyond the Middle East and North Africa, Nikkei reports, citing unidentified officials with the fund.

  • Samsung To Start Alts Units

    August 22, 2008

    Samsung Securities is expanding into alternative investments ahead of February 2009 deregulation in the Korean financial services sector, Asian Investor reports.

  • Babcock & Brown CEO To Step Down, Stock Falls

    August 22, 2008

    Australian infrastructure fund management group Babcock & Brown announced that CEO Phil Green and Chairman and Founder James Babcock will step resign, MarketWatch reports.

  • European Energy Hedgies Boast Double Digit Returns

    August 22, 2008

    A handful of European energy hedge funds are logging double-digit returns in the wake of a drop in commodities prices, FINalternatives reports.

  • Chilton To Open Third China Office

    August 22, 2008

    Connecticut-based fund of hedge funds Chilton Investment has inked a lease to open an office in Chengdu, China, a move that marks its third office in the People’s Republic, FINalternatives reports.

  • Ospraie Loses USD1B On Energy Bets

    August 22, 2008

    Dropping commodities prices slammed some hedgies, among them, the Ospraie Fund of Dwight Anderson's Ospraie Management, The Wall Street Journal reports. The

  • Ex-UBS ABS Heads Prep Distressed Fund

    August 22, 2008

    Henry Schmeltzer and Ximo Vincent, former heads of asset -backed securities at UBS, are working on a distressed fund expected to sweep up pieces of troubled European ABS deals.

  • L.A. Firm To Buy Up Completed Movies

    August 22, 2008

    Film financier, distributor and production company IndieVest is planning on launching a hedge fund that will acquire already-completed films.

  • AQR Preps Hedge Beta Strats

    August 22, 2008

    AQR Management is planning to launch DELTA, a series of hedge fund beta strategies.

  • AIN Data Commentary Aug. 22, 2008

    August 22, 2008

    The hedge fund industry has received a lot of attention recently.

  • Thames River Closes Largest FoF To New Investors

    August 22, 2008

    Thames River Capital has closed its largest fund of hedge funds, the Warrior Fund, at $1.1 billion.

  • Funds May Face Year-End Stampede

    August 22, 2008

    Hedge funds which imposed two-year lockups in order to avoid Securities and Exchange Commission registration in 2006 may now be facing large redemptions as investors will be able to redeem billions of dollars for the first time at the end of 2008.

  • "Nearly all of them have screwed it up."

    August 21, 2008

    --Bettina Hoenigmann, the new head of business development at Gartmore Investment Management, on long-only managers in Germany that have tried unsuccessfully to run absolute return offerings.

  • Alternatives Manager Search Directory

    August 21, 2008

  • Hedge Fund Strategy Performance - July 2008

    August 21, 2008

  • Mandate Scoreboard

    August 21, 2008

  • Global Macro Hedge Funds

    August 21, 2008


 

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