Stories

  • Blackstone Plots Special Sits Fund

    September 12, 2008

    Blackstone Alternative Asset Management is planning a special situations fund of funds for the fourth quarter or early next year, according to Brian Gavin, chief operating officer.

  • First Hedge Fund ETFs On The Way

    September 12, 2008

    IndexIQ will launch a series of five exchange-traded funds by year's end that track hedge fund strategies, according to AIN sister publication Fund Action.

  • Conversus Increases Secondary Exposure

    September 11, 2008

    Private equity fund of funds firm Conversus Capital Management is looking to exploit current market conditions by increasing its secondary investments.

  • ADIC Names CIO

    September 11, 2008

    ADIC Asset Management has hired David Sanders as chief investment officer.

  • Peak Partners Appoints New CIO

    September 11, 2008

    Swiss fund of hedge funds house Peak Partners has promoted Nikhil Jhangiani to chief investment officer, succeeding outgoing Ernesto Prado, who is reportedly leaving to pursue other opportunities, FINalternatives reports.

  • Pentech Raises GBP45M For Second Fund

    September 11, 2008

    Scottish technology investment firm Pentech Ventures has raised GBP45 million for its Pentech Fund II, The Herald reports.

  • Seager Capital Makes Fund Debut

    September 11, 2008

    Dallas-based Seager Capital Group has introduced its first hedge fund, with a 1.7% gain in its first three months in operation, FINalternatives reports.

  • Water Street Closes Second Fund

    September 11, 2008

    Private equity firm Water Street Healthcare Partners has closed its second fund at USD650 million, beating its original target of USD600 million, Private Equity Wire reports.

  • Lehman To Launch Alt Allocation Fund

    September 11, 2008

    Lehman Brothers Asset Management is set to introduce an alternative asset allocation fund aimed at helping smaller schemes gain access to alternative investments, Professional Pensions reports.

  • Citadel Hires Four For Mortgage Team

    September 11, 2008

    Citadel Investment Group has added four senior staff members in a continued push to build out its mortgage and securitized products business.

  • Quant Firm Opens Up Energy Strat

    September 11, 2008

    Quantitative hedge fund firm King’s Crossing Capital is marketing its short-term energy fund, after more than a year building performance -- 17.86% year-to-date – with seed money.

  • Agencies, Investors Get No Sympathy From Hedgies

    September 11, 2008

    Hedge fund managers have wasted no time sticking the boot into troubled mortgage lenders Fannie Mae and Freddie Mac following the U.S. government's bailout.

  • German Shop Rolls Out L/S Shipping Fund

    September 11, 2008

    Crystal Ocean Fund Management has launched a hedge fund focused on the shipping sector.

  • Barings To Open Up Currency HF

    September 11, 2008

    Baring Asset Management is aiming to open its long/short Baring Alpha Currency Fund to external investors in October, pending regulatory approval.

  • Pacific Alliance Launching $1B PE Fund; Seeking HF Staff

    September 11, 2008

    Hong Kong alternatives house Pacific Alliance will begin fundraising next week for a $1 billion private equity fund under its ARC Capital Partners arm that will invest in retail and consumer companies in China.

  • Ajia Partners Seeking Mainland Talent From Beijing

    September 11, 2008

    Hong Kong-based Ajia Partners has opened an office in Beijing where it will research domestic asset managers with an eye toward identifying and developing mainland talent.

  • EFG-Hermes Raise USD1B For MENA Fund

    September 10, 2008

    Investment bank EFG-Hermes has raised USD1 billion for its Middle East and North Africa (MENA) Opportunities Fund, Gulf News reports.

  • Algebra, Elaf Launch Sukuk Fund

    September 10, 2008

    Algebra Capital and Elaf Bank have launched The Sukuk Fund, Business Intelligence Middle East reports.

  • Platypus Launches Pan-Asia Long/Short Fund

    September 10, 2008

    Australia’s Platypus Capital Management is prepping a new Asian long/short equity fund to balance its existing Australian systematic long/short offering, FINalternatives reports.

  • Bancroft Names Partner For Bulgaria Office

    September 10, 2008

    Bancroft Private Equity has appointed Valeri Petrov as a partner charged with expanding the firm’s business in Southeastern Europe, AltAssets reports.

  • RAB Cuts Fees For Loyal Investors

    September 10, 2008

    RAB Capital plans to restructure its flagship hedge fund after it lost about a third of its value this year, with promises to cut fees for those investors that commit their money for three years, Financial Times reports.

  • FrontPoint Hires For Tech Fund

    September 10, 2008

    FrontPoint Partners has hired Mark Bertagnolli as a portfolio manager to manage a new technology strategy, HedgeFund.net reports, citing an internal memo.

  • ABR Launches Second Multi-Strat FoFs

    September 10, 2008

    ABR Capital has launched a multi-strategy fund of funds called ABR Signature Select Insurance Fund that targets insurance companies, FINalternatives reports.

  • Ex-Blackstone MD Joins PE Firm

    September 10, 2008

    Elias Dokas, former managing director at The Blackstone Group, has joined private equity firm MidOcean Partners as an analyst covering telecommunications and financial services.

  • Assets Down For 35% Of Big U.S. Hedge Funds

    September 10, 2008

    More than one-third of the largest U.S. hedge fund firms lost assets in the first half of the year, according to a survey by Absolute Return magazine.

  • Tudor Debuts EM Credit Fund

    September 10, 2008

    Paul Tudor Jones’ $17 billion Tudor Investment Corp. has rolled out a credit hedge fund focused on emerging markets.

  • Pamplona Eyes Investments For Credit Fund

    September 10, 2008

    Pamplona Capital Management will gradually deploy capital in the EUR160 million Europe-focused Pamplona Credit Opportunity Fund over the coming months.

  • PE Firm Plots Investments For Asia FoF

    September 10, 2008

    Private equity firm SVG Advisers is selecting investments for the remaining 80% of capital in its SVG Asia Fund of Funds, which has held a final close at $200 million.

  • 3i Plans $1 Billion PE Fund

    September 10, 2008

    3i plans to launch a $1 billion private equity fund that will invest in U.S. infrastructure, according to Bob Stefanowski, 3i North America’s new chairman.

  • Advent Launches First Japan PE Fund

    September 10, 2008

    Private equity firm Advent International has raised $550 million for the Advent Japan Private Equity Fund, its first to focus on Japan.

  • PMA All-Weather Funds Up In August

    September 10, 2008

    PMA Investment Advisors’ flagship macro Harvester Fund and its Temple Fund credit strategy were up in August and have registered double-digit returns year-to-date.

  • SVG Advisors Closes Fund, Opens Asia Office

    September 09, 2008

    SVG Capital’s private equity business SVG Advisers (SVGA) announced the closing of its SVG Asia Fund of Funds at USD200 million, beating its USD150 million target, VC Circle reports.

  • Tishman Preps India RE Fund

    September 09, 2008

    Real estate developer and fund manager Tishman Speyer plans to raise up to USD1 billion in a private fund within eight to 10 months for Indian property projects, Reuters reports, citing Tishman Speyer India Managing Director Revathy Ashok.

  • Blackstone Alternative Names U.K. MD

    September 09, 2008

    The Blackstone Group fund of hedge funds subsidiary Blackstone Alternative Asset Management (BAAM) has hired Olivier Meyohas as a managing director in its London office.

  • GLG Taps Merrill For Two Managers

    September 09, 2008

    Alternative asset manager GLG Partners has hired two new portfolio managers for its London office: Andrew Knott and Anthony Burton.

  • Ex-Goldman Trader Preps USD5B Fund

    September 09, 2008

    Ex-Goldman Sachs trader Mark McGoldrick is reportedly planning his comeback with a new USD5 billion (GBP2.8 billion) fund, The Telegraph reports.

  • Fink Jr. On Roll, Has Positive Returns

    September 09, 2008

    Joshua Fink, the son of BlackRock CEO Laurence Fink and the head of USD700 million hedge fund Enso Capital, is the latest hedgie aspiring to achieve the success of industry leaders but aims to do so without help, New York Post reports.

  • Citadel Adds Four To Boost Securitized Sector

    September 09, 2008

    Citadel Investment Group has hired four senior executives to improve the firm’s offerings and expertise in the mortgage and securitized products sector.

  • Blackfish Hurt By Falling Platinum Prices

    September 09, 2008

    London-based Blackfish Capital Management’s Blackfish Capital Exodus Fund was hurt by plummeting platinum prices in August.

  • LRG Launches First Real Estate Fund, Preps Second

    September 09, 2008

    LRG Capital has launched its first real estate fund and, due to a larger-than-expected number of investment opportunities, is planning to roll out a follow-up fund in January.

  • KGR Bulks Up Research Team in HK

    September 09, 2008

    Two research staffers will shortly relocate to Hong Kong from LGT Capital Partners’ headquarters in Pfäffikon, Switzerland, following the recently completed acquisition of fellow fund of funds firm KGR Capital.

  • Long Island Bear Avoids Losses

    September 09, 2008

    Bridgehampton, Long Island firm Snow Asset Management’s bearish view on the markets has aided its returns.

  • Loyola Boosted By Financial Plays

    September 09, 2008

    Loyola Capital Management has posted the highest-ever monthly return for its Loyola Capital Partners fund, reaping the rewards of its long-term bet on undervalued financial services companies.

  • EverKey Looking To Tap Endowments

    September 09, 2008

    EverKey Global Partners is looking to break into endowments with its recently-launched EverKey Global Fund.

  • Canada Fund Bullish On Healthcare, Short Euro

    September 09, 2008

    Toronto-based Venator Capital Management has managed to avoid the August turmoil by going long healthcare companies while shorting the euro.

  • Citi Launches FX Trading Platform

    September 09, 2008

    Citigroup has launched its CitiFX Pro online foreign exchange margin trading platform to clients in Hong Kong and has plans to roll it out in Singapore and Japan in about six months.

  • Abraaj Names Four Senior Executives

    September 08, 2008

    Abraaj Capital has hired four executive directors to expand and strengthen its firm: Pervez Akhtar, Hisham Ahmed Ashour, Ashish Dave and Matteo Stefanel.

  • FSA Fines Hedgie For Insider Info Use

    September 08, 2008

    In a settlement reached with the Financial Services Authority (FSA), former hedge fund manager Steven Harrison agreed not to act as a fund manager or trader for 12 months and to pay a GBP52,500 fine.

  • Fairfield Greenwich, Banque Bénédict Hentsch Merge

    September 08, 2008

    Alternative asset management firm Fairfield Greenwich Group (FGG) and Swiss private bank Banque Bénédict Hentsch (BBH) announced they will merge, bringing the collection AUM to $18 billion.

  • Harbinger Loses Investments Director

    September 08, 2008

    Harbinger Capital has reportedly lost Managing Director and Director of Investments Howard Kagan, the New York Post reports, citing a person close to the firm.

  • TPG Raises USD30B In 2008, Preps New Funds

    September 08, 2008

    Private equity firm TPG has closed USD30 billion in new funds in 2008 to invest in a variety of commitments including Asian assets, distressed banks and corporate takeovers, The Wall Street Journal reports.

  • Unigestion Adds Hedge Fund Head

    September 08, 2008

    Private asset manager Unigestion has hired Konstantinos Iordanidis as managing director and head of hedge funds, HedgeCo.net reports.

  • Linley Capital Founded As New PE House

    September 08, 2008

    LJH Global Investments announced the launch of LJH Linley Capital, a new private equity firm that will commit to global mid-sized companies via leveraged buyouts, recapitalizations and equity investments.

  • Zurich Firm Rolls Out Volatility FoF

    September 08, 2008

    Systematic Absolute Return SAR in Zurich has launched a segregated fund—SAR Four Seasons Segregated Portfolio—that invests equally in two existing hedge funds.

  • Lehman, Credit Suisse Vet Preps Market-Neutral Strat

    September 08, 2008

    Andrew Ellner, an equity derivatives pro who set up a systematic trading business at Lehman Brothers and was previously a principal at Credit Suisse, has formed New York-based LightBox Capital Management.

  • Halcyon Puts PE Launch Plans On Ice

    September 08, 2008

    Moscow’s Halcyon Advisors has put plans for a new private equity fund on indefinite hold.

  • GAM Seeks Trading Strategies

    September 08, 2008

    GAM is seeking to add three hedge funds to the five already held by its $23 million GAM Multi-Systematic Trading fund of hedge funds, which rolled out on July 1.

  • SCM To Add To Hong Kong Team

    September 08, 2008

    SCM Strategic Capital Management, the Swiss management and consulting firm for alternative investments, is seeking to add a due diligence analyst to its new Hong Kong office by the end of the year.

  • Grenfell Eyes Mergers, Targets $1B

    September 08, 2008

    Grenfell PAI is seeking to join forces with another investment firm to grow its business.

  • Mitsui To Close NY Hedge Fund Biz

    September 05, 2008

    Japan’s Mitsui & Co. will close its New York hedge fund business, Mitsui & Co. Alternative Investment Corp., and focus on property and utilities investments after the office failed to meet targets, Bloomberg reports.

  • Man Introduces IP220 Index Notes, Buys Shares

    September 05, 2008

    Man Investments has introduced Man IP220 Index Notes Series 4 based on its IP220 group of products that aim to offer capital protection and a controlled risk level, HedgeWeek reports.

  • Tuckerbrook Hires Distressed Head, Preps Fund

    September 05, 2008

    Tuckerbrook Alternative Investments has hired John Griff as a partner and head of its distressed investments program, FundFire reports.

  • PIMCO Appoints El-Erian To Succeed Thompson

    September 05, 2008

    PIMCO announced its ceo of 15 years, Bill Thompson, will retire at the end of 2008 and will be replaced by co-CEO Mohamed El-Erian. El-Erian returned to PIMCO in January after leading the Harvard Management Company

  • Goldman FoF Loses 2.6% In July

    September 05, 2008

    Goldman Sachs Hedge Fund Partners, a made up of five other hedge funds, lost 2.6% in July, Reuters reports, citing a Securities and Exchange Commission filing.

  • Blackstone To Open Calif. Office

    September 05, 2008

    The Blackstone Group has hired Ivan Brockman as a senior managing director and head of the future Silicon Valley office. Brockman will focus on the firm’s corporate advisory business, specifically with technology companies.

  • BlackRock Raising USD3B For Credit Fund

    September 05, 2008

    BlackRock is looking to raise up to $3 billion for the BlackRock Credit Investors II fund to buy loans banks are selling for losses, two investors with knowledge of the matter told Bloomberg.

  • Citadel’s Russell Resigns Over Unit Dispute

    September 05, 2008

    Hedge Fund Citadel Investment Group has reportedly lost senior executive Joe Russell, people familiar with the matter told The Wall Street Journal.

  • MKP Mulls First PE Foray

    September 05, 2008

    MKP Capital Management is considering entering private equity for the first time.

  • Linley To Double Staff

    September 05, 2008

    Newly formed private equity firm Linley Capital, a joint venture between James Hedges’ LJH Global Investments and John Poerink, a former partner at Circle Peak Capital, is planning to double its staff to six.

  • South Africa PE Firm Acquires 25% Stake In Credit Co.

    September 05, 2008

    Old Mutual Investment Group, one of South Africa’s largest private equity, fixed-income and mezzanine firms, has acquired a 25% equity stake in Real People Investment Holdings, a local credit management services and finance firm.

  • Clear Asset Management Seeks Seeder

    September 05, 2008

    New York-based Clear Asset Management is seeking a seeding partner for its first hedge fund, which will be launched on Oct. 1.

  • AIN Data Commentary, Sept. 5, 2008

    September 05, 2008

    Mergers are down this year and several merger arbitrage funds have closed in the past few months.

  • JPMorgan Preps China-Driven Fund

    September 05, 2008

    JPMorgan is planning a fund that will base a series of equity derivative trades globally off early signals of Chinese inflation.

  • Consultant To Launch Africa PE Firm

    September 05, 2008

    Justin Fier, who recently left Jeffrey Slocum & Associates after 14 year as a senior consultant, is setting up a firm that will focus on investing in private equity forestry in Africa.

  • Grenfell Eyes Mergers, Targets $1B

    September 05, 2008

    Grenfell PAI is seeking to join forces with another investment firm to grow its business.

  • EU Privacy Law May Vex U.S. Funds

    September 05, 2008

    A growing number of U.S. hedge fund firms are finding themselves in an awkward spot over investor privacy as they look to do business in Europe.

  • "When everyone runs to the door at the same time, they usually leave some coins on the table."

    September 05, 2008

    --Odell Lambroza, portfolio manager at Advent Capital Management, on the opportunities emerging as de-leveraging puts pressure on financial stock prices.

  • Alternatives Manager Search Directory

    September 05, 2008

  • Mandate Scoreboard

    September 05, 2008

  • Long/short equity funds

    September 05, 2008


 

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