Stories

  • CQS Scoops Goldman Trader

    September 05, 2008

    Andreja Cobeljic, a senior index derivatives trader from Goldman Sachs in London, has landed at hedge fund CQS.

  • Options Fund Profits From Consumer Stock Plays

    September 05, 2008

    San Francisco-based Kratter Capital, an equity options hedge fund led by Clarium Capital alum Matt Kratter, is profiting from what it views as a market characterized by zig-zags in stock prices and high volatility.

  • Global Investment House Names Bahrain GM

    September 04, 2008

    Global Investment House (Global) has hired Osama Muein to serve as general manager of Global-Bahrain.

  • Platinum Preps Singapore Office, Looks To HK, India

    September 04, 2008

    British hedge fund house Platinum Capital Management plans to open a new Singapore office as part of its Asia expansion plan, FINalternatives reports.

  • RAB Capital Shuffles Staff To Boost Fund

    September 04, 2008

    RAB Capital (RAB) has promoted COO Stephen Couttie to ceo and Sales Head Charles Kirwan-Taylor to executive director.

  • Venus Capital Adds V.P.

    September 04, 2008

    Venus Capital Management has hired Tajinder Singh as a v.p. and trading strategist working on market-neutral trading in Asian markets, FINalternatives reports.

  • Rutland Adds Two Investment Managers

    September 04, 2008

    Private equity firm Rutland Partners has hired David Wardrop and Tristan Craddock as investment manager and investment executive, respectfully.

  • Ex-Contrarian Manager To Start USD1B Fund

    September 04, 2008

    Stephen Czech, an ex-portfolio manager at Contrarian Capital Management, is preparing to raise USD1 billion for his own fund, New York Post reports.

  • BoA Taps ABN For Hedge Fund Sales Head

    September 04, 2008

    Dean Murray has joined Bank of America as manager of its hedge fund sales team, as it looks to build its flow business in London.

  • Ilex Eyes November Launch For Energy Credit Fund

    September 04, 2008

    London credit hedge fund firm Ilex Asset Management will likely launch a fund focused on European energy bonds and loans in November.

  • Galena Seeks Oil Derivatives Expert For Fund Launch

    September 04, 2008

    Galena Asset Management, a subsidiary of commodities trading giant Trafigura Group, is seeking to hire a portfolio manager to run its planned oil derivatives hedge fund.

  • Quartet Departs Florida Distressed Firm

    September 04, 2008

    Four senior officials have left Vanquish Capital Group, a Delray Beach, Fla.-based firm focused on distressed structured credit fund.

  • Chicago Cops CIO Targets Alts

    September 04, 2008

    Sam Kunz, cio at the $3.7 billion Chicago Policemen’s Annuity & Benefit Fund, has launched several alternatives searches as part of an overhaul of the plan’s portfolio.

  • DDX On Hold Again

    September 04, 2008

    DDX Capital Partners in Toronto has delayed launching an offshore version of its long/short market-neutral technology fund because investors have had second thoughts.

  • Corazon Adds Dollar, Euro Share Classes

    September 04, 2008

    Corazon Capital Management has added U.S. dollar and euro tranches to its multi-strategy fund of hedge funds.

  • Tribridge Korea Strat To Open This Month

    September 04, 2008

    Tribridge Investment Partners’ much anticipated equity-focused Korea strategy, the Tribridge Korea Equity Plus Fund, will launch later this month.

  • Brockton To Make First Leap Into FoFs

    September 04, 2008

    The $348 million Brockton (Mass.) Contributory Retirement System is planning to make a $20 million maiden allocation to funds of hedge funds because the board is not happy with domestic equity returns.

  • Juno Avoids Commodity Downturn

    September 04, 2008

    New York-based Juno Mother Earth Asset Management has posted gains with its commodity fund despite plummeting markets.

  • Calif. Firm Seeks East Coast Marketer

    September 04, 2008

    San Francisco hedge fund manager Passport Capital is seeking an East Coast marketer to join its New York office.

  • CQS Rolls Out Volatility Fund

    September 04, 2008

    CQS has launched the CQS Global Volatility Fund to take advantage of fluctuations in the equity markets.

  • Hassett Forms JV, Attracts Legal Challenge

    September 03, 2008

    John Hassett, co-founder and managing principal at Tuckerbrook Alternative Investments, has founded HT Capital, a joint venture between Tuckerbrook and the $1.2 billion Hardt Group.

  • D.E. Shaw To Step Up ABS

    September 03, 2008

    D.E. Shaw has hired Richard McKinney, formerly the head of securitized products at Lehman Brothers, to form a dedicated asset-backed securities group.

  • Working Group Preps Sovereign Fund Guidelines

    September 03, 2008

    The members of the International Working Group of Sovereign Wealth Funds (IWG) reached a preliminary agreement on a set of proposed principles and practices for recommendation to their respective governments.

  • Lotus India To Triple Assets By 2010

    September 03, 2008

    Lotus India Asset Management plans to triple its assets to USD6 billion in two years, CEO Ajay Bagga told Bloomberg, and will attempt to raise capital by offering new funds.

  • Summit Partners Adds Four V.P.s

    September 03, 2008

    Summit Partners has hired four new vice presidents, with Amit Chaturvedy and Chris Crawford based in Boston and Matthias Steinberg and Rytis Vitkauskas based in London.

  • Ospraie Closes Fund Following Commodities Losses

    September 03, 2008

    Dwight Anderson’s investment house Ospraie Management is closing its biggest hedge fund after losing 38.6% on commodities stocks, Bloomberg reports.

  • Morgan To Raise USD10B For New Fund

    September 03, 2008

    Morgan Stanley is raising USD10 billion for a new global property fund, of which USD1.5 billion or more will be invested in China, a banking source told Reuters.

  • Babcock & Brown To Sell Two Funds

    September 03, 2008

    Babcock & Brown is looking to hand over control of two satellite funds as it begins restructuring its operations, The Wall Street Journal reports.

  • LaSalle Closes Third Asia Opportunity Fund

    September 03, 2008

    LaSalle Investment Management held the final closing of LaSalle Asia Opportunity Fund III with USD3 billion and leverage to accommodate total buying power of up to USD10 - USD12 billion.

  • Glazer Hires Ex-Citi Controller

    September 03, 2008

    David Barlow, former v.p. in hedge fund administration at Citigroup, has joined merger arbitrage hedge fund firm Glazer Capital Management as its controller.

  • RAS Upping Long India Exposure

    September 03, 2008

    Despite turbulent markets in India, New York fund of hedge funds firm RAS Capital Management will increase its long exposure to the country by investing in a long-only equity focused manager at the end of September.

  • TriAlpha Entering Asia

    September 03, 2008

    TriAlpha Investment Advisors has gained regulatory approval to distribute its funds of hedge funds in Singapore, in a first step to tap the Asian market.

  • TA Associates To Open India Office

    September 03, 2008

    TA Associates will open an office in India within the next six-to-nine months to harness the country’s rapid growth.

  • Carlson Sidesteps Commodity Woes

    September 03, 2008

    Dallas-based Carlson Capital’s energy portfolio has avoided the rocky commodity and oil markets and is flat this year through July 31, primarily due to its relative-value pair trades.

  • Bronte Launches Pan-Asia L/S Fund

    September 03, 2008

    Bronte Investment Management in Singapore has launched its first fund, Bronte Asia Pacific Fund (BAPF)—a Pan-Asia long/short equity fund.

  • Riley Paterson Hires COO, Seeking Assets

    September 03, 2008

    Singapore’s Riley Paterson Investment Management has hired Patrick Ferguson as chief operating officer as it seeks to raise assets now that it has been operating its macro-driven, opportunistic long/short equity Asian Opportunities Fund for over a year.

  • Japan Seeks USD927M From Sovereign Funds

    September 02, 2008

    Japan has begun talks with Middle Eastern sovereign wealth funds to raise up to 100 billion yen (USD927 million) to enhance foreign investment that sits at less than 25% of the U.S., Bloomberg reports.

  • China’s Sovereign Fund Looks To Japan

    September 02, 2008

    China’s sovereign wealth fund China Investment Corp. plans to begin investing in Japanese equity by March 2009, Japan’s Mainichi Shimbun daily reports.

  • Peak’s New FoHF Returns 2% In First Quarter

    September 02, 2008

    Alternative investment solutions firm Peak Partners launched a fund of hedge funds focusing on asymmetric return strategies on May 1 and recorded 1.95% return for its first three months of operation.

  • GAM Taps Marshall For MD

    September 02, 2008

    GAM has hired Mark Hawtin as an investment director joining the London office on Oct. 1 HedgeWeek reports.

  • Atticus Tanks USD5B

    September 02, 2008

    U.S. activist hedge fund Atticus Capital lost more than USD5 billion (GBP2.8 billion) in 2008 after its funds were slammed by financial stock holdings, a source familiar with the matter told Reuters.

  • MF Global Names Risk Officer

    September 02, 2008

    MF Global has hired Michael Roseman to serve as chief risk officer.

  • Advent To Launch Global Multi-Strat

    September 02, 2008

    Advent Capital Management, the $4.2 billion hedge and long-only firm, will launch a global multi-strategy hedge fund later this month.

  • Dutch Shop Eyes Change In Frontier Markets

    September 02, 2008

    Mango Capital Management is gearing up to invest in frontier markets that have previously been inaccessible, resulting from the creation of new stock exchanges and the subsequent IPOs that are taking place.

  • SocGen To Reorg Hedge Fund Sales

    September 02, 2008

    Societe Generale is set to merge its Japan- and Hong Kong-based hedge fund derivative sales teams.

  • Geneva Start-Up Unveils Multi-Strat Fund

    September 02, 2008

    Vallea Capital has launched a long/short multi-strategy fund.

  • India’s Tata Steel Mulls Stake Sale To PE House

    September 01, 2008

    A division of India’s Tata Steel is talking with firms as part of its effort to raise at least $1 billion from a stake sale either to private equity firms or via a private placement of shares, Mint reports.

  • CRA Starts Clean Water Fund

    September 01, 2008

    CLSA Capital Partners’ CRA Management has introduced a third fund with $35 million called Clean Water Asia Long Only Fund, reports AltAssets.

  • Shore Capital Mulls Investments Despite Loss

    September 01, 2008

    Shore Capital Group, a European investment bank with an alternatives and equity focus, reported an 80% drop in profit for the six months ending June 30.

  • Ex-Goldman Exec Leaves Halycon

    September 01, 2008

    Former Goldman Sachs executive Steve Mandis has left $12 billion hedge fund Halcyon Asset Management, according to the New York Post, which cites a letter to investors it obtained.

  • Hedgies Push Huntsman Buyout

    September 01, 2008

    Four hedge funds and shareholders of chemical company Huntsman Corp. have proposed a plan to save a $6.5 billion buyout of the company by the Apollo Global Management unit Hexion Specialty Chemicals, Reuters reports.

  • FRM Plucks Senior Citi Staffer

    September 01, 2008

    Citigroup’s former global head of fund of funds sales, Marc Fisher, is expected to land at FRM later this month.

  • GAM Lines Up Ex-Marshall Wace Pro For Crunch Fund

    September 01, 2008

    GAM has hired former Marshall Wace Partner and Portfolio Manager Mark Hawtin as an investment director.

  • Thames River Eyes Credit Fund Growth

    September 01, 2008

    Thames River Capital is seeking assets for its long/short global credit Hillside Apex fund.

  • BM Greater Asia Fund Down Again In July

    September 01, 2008

    The BM Greater China Asia single-strategy hedge fund was down -2.94% in July, improving some from the previous month when it returned -4.97%.

  • Welch Markets Healthcare Fund

    August 29, 2008

    New York-based Welch Capital Partners is touting its long/short Welch Entrepreneurial Fund and its Welch Life Sciences Fund, a healthcare strategy.

  • Glazer CFO Joins KPMG

    August 29, 2008

    Margaret Aycock of merger arbitrage hedge fund firm Glazer Capital Management will join hedge fund auditor KPMG Tuesday.

  • AIN Data Commentary, Aug. 29, 2008

    August 29, 2008

    There is no shortage of funds of hedge funds.

  • Horizon21 Scouting For Analysts

    August 29, 2008

    Rainer-Marc Frey’s Horizon21 is seeking to hire an analyst in Pfäffikon and Bratislava.

  • "People are quite tired of [George] Bush."

    August 29, 2008

    --Bjorn Englund, founder of Godvig Capital Management, claiming investors are awaiting the outcome of the U.S. presidential elections before investing in his Iraq-focused fund.

  • Alternatives Manager Search Directory

    August 29, 2008

  • Mandate Scoreboard

    August 29, 2008

  • Funds of Hedge Funds

    August 29, 2008


 

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