Stories

  • QRMO Plans Singapore Office

    September 26, 2008

    Risk management provider Quality Risk Management & Operations could open an office in Singapore as soon as the second or third quarter, depending on market conditions.

  • GFIA Hires Analyst

    September 26, 2008

    Singapore hedge fund analysis and consulting firm GFIA has hired a junior analyst to replenish its ranks as it celebrates a decade in business.

  • Tarpon Shifts Direction Of Upcoming Fund Launch

    September 25, 2008

    Brazil-based Tarpon Investment Group will be focusing on public equity investments when it launches the new series of its hybrid fund in October.

  • Jersey Firm Postpones Launch, Hires

    September 25, 2008

    Princeton, N.J.-based Clearbrook Financial is putting off the launch of its first fund and going to wait to build out its team given the instability in the financial industry.

  • Credit Suisse Gets Bahrain License

    September 25, 2008

    Credit Suisse has been awarded a banking license in the Middle Eastern nation of Bahrain, Reuters reports.

  • American Capital Opens Hong Kong Office

    September 25, 2008

    American Capital has opened its first Asia office in Hong Kong and promoted David Steinglass to run it.

  • 21 Investimenti Closes Second Fund At EUR280M

    September 25, 2008

    Italian private equity house 21 Investimenti has closed its 21 Investimenti II fund with more than EUR280 million, AltAssets reports.

  • Mesirow Adds Two Researchers

    September 25, 2008

    Mesirow Financial International UK has hired doubled its London investment team with the hiring of two professionals that support its alternative asset subsidiary Mesirow Advanced Strategies, HedgeWeek reports.

  • Laven Short-Term Fund Gains 8% Through August

    September 25, 2008

    Investment management consultants, Laven Partners, gained about 8% in its short-term strategy during the first eight months of 2008, HedgeWeek reports.

  • Societe Generale Hedge Fund-Replicating ETF

    September 25, 2008

    Société Générale Asset Management has introduced a new exchange-traded-fund that aims to mimic the performance and risk profile of a hedge fund, HedgeWeek reports.

  • Brazos Closes Third Fund At USD700M

    September 25, 2008

    Brazos Private Equity Partners has hard closed Brazos Equity Fund III at a capacity of about $700 million, beating its original $600 million target, AltAssets reports.

  • CVC Establishes US Advisory Board

    September 25, 2008

    CVC Capital Partners has created a U.S. advisory board of former chairpersons, AltAssets reports.

  • Hedge Funds Eye Lehman Loophole

    September 25, 2008

    Hedge fund managers are seeking legal advice as to whether they should exploit a legal loophole that would allow them to hold open out-of-the-money trades with Lehman Brothers, while the payment of premiums is suspended because of Lehman's bankruptcy filing.

  • Lehigh To Boost Alternatives

    September 25, 2008

    The $1.2 billion Lehigh University endowment has revamped its asset allocation and will add more alternative investments.

  • Danish Firm Mulls Hires, More Funds

    September 25, 2008

    Copenhagen shop Mermaid Asset Management, which is believed to be the only hedge fund firm in Denmark focused on the Nordic region, is considering growing its team and possibly launching more funds.

  • Singapore’s Fullerton Hires Credit Pro

    September 25, 2008

    Fullerton Fund Management has hired a portfolio manager for its funds of hedge funds unit to focus on credit-related strategies.

  • Dubai Group Considers Cambodia Investment

    September 24, 2008

    Dubai Investment Group is considering investing in Leopard Capital’s Cambodia fund, a move that would mark its first investment in Southeast Asia’s second poorest nation, Bloomberg reports.

  • Investcorp Gets Sovereign Support For $1B Fund

    September 24, 2008

    Bahrain-based Investcorp has raised $1 billion to invest in U.S. real estate credit, Khaleej Times reports.

  • Deutsche Preps Islamic Hedge Fund Platform

    September 24, 2008

    Deutsche Bank's prime brokerage business plans to introduce a Shariah-compliant hedge fund platform within the next month, Reuters reports.

  • Paulson Bets On British Banking Demise

    September 24, 2008

    Paulson & Co. Founder John Paulson bet against four of Britain’s five biggest banks, making him the biggest holder of short positions in the regional industry, Financial Times reports, citing regulatory filings.

  • Sextant’s Water Hedge Fund Up 97.5%

    September 24, 2008

    Toronto-based Sextant Capital Management has led its water fund to nearly 100% year-to-date returns, FINalternatives reports.

  • Ex-Merrill Trader Preps Volatility Hedge Fund

    September 24, 2008

    Former Merrill Lynch trader Denny Wong has teamed up with another trader to set up Volathon Capital Management, a new house that will launch a volatility hedge fund, Bloomberg reports.

  • Altius Associates Lands Yoder

    September 24, 2008

    Altius Associates has hired Jay Yoder, former director of investments at both Smith College and Vassar College, to launch its first dedicated real assets initiative.

  • Clear AM Taps Saleswoman

    September 24, 2008

    New York-based Clear Asset Management has made a new sales hire as it seeks to secure seed capital for its planned hedge fund.

  • Kairos Prepping Macro Charity Fund

    September 24, 2008

    Kairos Capital, based in Hong Kong and Singapore, will begin fundraising for its flagship macro charity-linked fund, Kairos Capital Global Macro, as soon as early next year.

  • Grenfell Halves Allocation To Endowment Model

    September 24, 2008

    London fund of funds firm Grenfell PAI is planning to halve exposure to the core holding in Graduate—its multi-asset, multi-strategy portfolio.

  • Clareville Adds Partner

    September 24, 2008

    Angus Donaldson has joined London-based Clareville Capital’s 10-strong team as a partner.

  • Dubai Group Considers Cambodia Investment

    September 24, 2008

    Dubai Investment Group is considering investing in Leopard Capital’s Cambodia fund, a move that would mark its first investment in Southeast Asia’s second poorest nation, Bloomberg reports.

  • Investcorp Gets Sovereign Support For $1B Fund

    September 24, 2008

    Bahrain-based Investcorp has raised $1 billion to invest in U.S. real estate credit, Khaleej Times reports.

  • Deutsche Preps Islamic Hedge Fund Platform

    September 24, 2008

    Deutsche Bank's prime brokerage business plans to introduce a Shariah-compliant hedge fund platform within the next month, Reuters reports.

  • Paulson Bets On British Banking Demise

    September 24, 2008

    Paulson & Co. Founder John Paulson bet against four of Britain’s five biggest banks, making him the biggest holder of short positions in the regional industry, Financial Times reports, citing regulatory filings.

  • Sextant’s Water Hedge Fund Up 97.5%

    September 24, 2008

    Toronto-based Sextant Capital Management has led its water fund to nearly 100% year-to-date returns, FINalternatives reports.

  • Ex-Merrill Trader Preps Volatility Hedge Fund

    September 24, 2008

    Former Merrill Lynch trader Denny Wong has teamed up with another trader to set up Volathon Capital Management, a new house that will launch a volatility hedge fund, Bloomberg reports.

  • Feri: Liquidity Crunch Shouldn’t Rule Out Plays

    September 24, 2008

    The lack of liquidity in products such as hedge fund replicators should not deter investors, according to Dirk Soehnholz, managing partner at Feri Institutional Advisors.

  • In Growth Mode, Cambodia Manager Staffs Up

    September 24, 2008

    Leopard Capital has staffed up with four new associates as it seeks to raise assets for its flagship Leopard Cambodia fund.

  • Madison To Launch US-Based Marketing Initiative

    September 23, 2008

    Madison Capital Management will add a dedicated capital-raising team to its approximately 50 person staff this quarter, according to Kjerstin Hatch, principal.

  • Duet Expands Into Asia & MENA, Launches Distressed Funds

    September 23, 2008

    Alternative asset management firm Duet Group has expanded into Asia and the Middle East and North Africa (MENA) through two new subsidiaries in Singapore and Dubai.

  • Knight Frank Opens Bahrain Office

    September 23, 2008

    Real estate management and advisory firm Knight Frank has opened a Bahrain office to support its expansion plants into the Middle Eastern real estate market.

  • EU Sees No Need For More Alts Regs

    September 23, 2008

    European regulators are not pushing for further hedge fund regulation, with one citing the unsuccessful measures that missed the banking industry and another recognising the need for investments to recover from the credit crisis, Reuters reports.

  • Hedgies Consider Battling SEC Over Shorting Ban

    September 23, 2008

    ABR Capital launched the $6 million ABR Signature The recent ban on shorting has hedge funds in the U.S. and the U.K. considering action against their respective regulators, The New York Post reports.

  • ABR Capital Launches Insurance Fund

    September 23, 2008

    ABR Capital launched the $6 million ABR Signature Select Insurance Fund in June and now invests in five hedge fund managers with collective holdings worth $26 billion, HedgeWorld.com reports.

  • Energy Investors Expands With Eight Hires

    September 23, 2008

    Private equity fund manager Energy Investors Funds has made eight new hires supporting investor relations, legal, tax services, information technology, accounting and fund management.

  • Paladin Closes Third Fund

    September 23, 2008

    Private equity house Paladin Capital Group has closed its third fund, Paladin III, at $340 million.

  • Tiden Launches Second Structured Credit Strat

    September 23, 2008

    Following the success of its single-investor structured credit fund, which has returned about 40% since inception in March 2007, Tiden Capital has launched a second fund, which mimics the first and is open to outside investors.

  • Duet Expands Into Asia & MENA, Launches Distressed Funds

    September 23, 2008

    Alternative asset management firm Duet Group has expanded into Asia and the Middle East and North Africa (MENA) through two new subsidiaries in Singapore and Dubai.

  • Knight Frank Opens Bahrain Office

    September 23, 2008

    Real estate management and advisory firm Knight Frank has opened a Bahrain office to support its expansion plants into the Middle Eastern real estate market.

  • EU Sees No Need For More Alts Regs

    September 23, 2008

    European regulators are not pushing for further hedge fund regulation, with one citing the unsuccessful measures that missed the banking industry and another recognising the need for investments to recover from the credit crisis, Reuters reports.

  • Hedgies Consider Battling SEC Over Shorting Ban

    September 23, 2008

    The recent ban on shorting has hedge funds in the U.S. and the U.K. considering action against their respective regulators, The New York Post reports.

  • ABR Capital Launches Insurance Fund

    September 23, 2008

    ABR Capital launched the $6 million ABR Signature Select Insurance Fund in June and now invests in five hedge fund managers with collective holdings worth $26 billion, HedgeWorld.com reports.

  • Energy Investors Expands With Eight Hires

    September 23, 2008

    Private equity fund manager Energy Investors Funds has made eight new hires supporting investor relations, legal, tax services, information technology, accounting and fund management.

  • Paladin Closes Third Fund

    September 23, 2008

    Private equity house Paladin Capital Group has closed its third fund, Paladin III, at $340 million.

  • EM Art Fund Makes First Institutional Push

    September 23, 2008

    Meridian Art Partners is targeting institutional investors for the first time with its Meridian Emerging Art Markets Fund.

  • Nomura To Expand Lehman Derivatives Biz

    September 23, 2008

    Nomura Holdings is set to grow the derivatives business of Lehman Brothers, after agreeing this morning to acquire the firm’s European equities and investment banking businesses.

  • Finnish Gov Makes First Investment In Direct HFs

    September 23, 2008

    The Finnish local government pension fund, Kuntien Eläkevakuutus, has invested 1% of its EUR23 billion in direct hedge funds for the first time.

  • Thames River Readies MENA FoF

    September 23, 2008

    Thames River Capital, the $14 billion London shop, is preparing to launch a multi-strategy fund of funds focusing on Africa and the Middle East at the start of next year.

  • Citi Sub Debuts HF Replicator Note in Taiwan

    September 23, 2008

    Citibank has sold its first structured note that replicates hedge fund performance to Taiwanese retail investors.

  • Nomura Comp Package Pleases Lehman Asia Refugees, Rankles Nomura Personnel

    September 23, 2008

    Nomura, which has agreed to purchase Lehman Brothers’ Asia operations for $225 million—half its 2007 earnings—has guaranteed cash bonuses for two years to Lehman management based on 2007 numbers, with the first bonus to be paid in March.

  • Investors Look To Sidestep Shorting Ban

    September 23, 2008

    Now that the Securities and Exchange Commission has prohibited the practice of short-selling on certain financial stocks, investors are looking for creative ways to get around the ban.

  • CLSA Close To Launching New Asia RE Fund

    September 23, 2008

    CLSA Capital Partners is about to launch its second opportunistic Asia private equity real estate fund.

  • Alt Managers Support Morgan, Goldman Conversion

    September 22, 2008

    As the dust settled on the late-Sunday decision by the Federal Reserve to convert the two remaining investment banks into bank holding companies, alternative investment managers expressed approval in the plan.

  • Buechler Signs SoCal-Based RIAs

    September 22, 2008

    Buechler Capital Management has signed agreements with two registered investment advisors to market its current offerings.

  • AIG EM Fund Commits To MicroFinance In Nigeria

    September 22, 2008

    AIG Investments’ AIG Global Emerging Markets Fund II has invested in a new joint venture called Blue Intercontinental Micro Finance Bank that will fund small new businesses in Nigeria, Pensions & Investments reports.

  • Avenue Capital Fund Targets Europe Distressed Debt

    September 22, 2008

    Avenue Capital is hoping to raise EUR1.5 billion for a new fund that will invest in distressed debt in the U.K. and Europe, The Telegraph reports.

  • Austin Ventures Raises $900M For New Investments

    September 22, 2008

    Austin Ventures has raised $900 million for new investments through two new funds, Austin America-Statesmen reports.

  • Blackstone Taps Harvard Biz Dean For Board

    September 22, 2008

    The Blackstone Group has named Harvard Business School Dean Jay Light as a new member of its board of directors.

  • Lahde Closes Short Credit Fund

    September 22, 2008

    Lahde Capital sent a letter to investors last week stating that it plans to close its Short Credit Fund because of concern about the banking industry, FINalternatives reports.

  • A to B Enters Hedge Funds

    September 22, 2008

    Family-run A to B Capital Management is making its foray into the hedge fund business with its first fund, a special situations strategy that will invest in small-caps, FINalternatives reports.

  • Philippine Firm Eyes VC Opportunities

    September 22, 2008

    Manila venture capital firm ICCP Venture Partners sees the economic crisis plaguing the U.S. markets as both a fundraising opportunity and a chance to find higher-quality companies for better valuations because those companies now have fewer options for capital infusions.

  • Boyer Allan Fund Down 36% YTD

    September 22, 2008

    Boyer Allan Investment Management’s $935 million flagship Pacific Fund, which finished 2007 up 52.06%, is down 36.69% this year through Sept.12 and registered a -5.27% loss in August.

  • FSA Short-Selling Ban Rattles Investors

    September 22, 2008

    London investors are urgently trying to understand the reporting requirements they are subject to under the Financial Services Authority’s ban on new or increased net short positions in publicly quoted financial companies.

  • Hong Kong’s SFC, Japan’s FSA Quiet On Shorting

    September 22, 2008

    Hong Kong’s Securities and Futures Commission and Japan’s Financial Services Agency have not issued new guidance regarding short selling, even as regulators in the west and--as close as Australia--have placed restrictions on the practice.

  • Chirin To Introduce Asia Absolute Fund

    September 19, 2008

    Chirin Capital plans to introduce the Chirin Asia Absolute Alpha Fund this month with a focus on investments in the Asia-except Japan markets, FINalternatives reports.

  • HSBC Bails On Lone Star Deal For KEB Stake

    September 19, 2008

    HSBC Holdings has walked away from a year-old deal to acquire Lone Star Funds’ stake in the Korea Exchange Bank, The Wall Street Journal reports.

  • Julius Baer Luxury Fund Touches Reaches U.K.

    September 19, 2008

    The Julius Baer Luxury Brands Fund has been introduced in the U.K. market, almost nine months after its original launch in Switzerland, Wealth Bulletin report.

  • Fortis Introduces Clean Energy Fund

    September 19, 2008

    Fortis Investments has introduced a new clean energy fund with a fundraising goal of EUR400 million, EUR50 million of which is coming from Fortis Bank.

  • Brotman Capital Launches Timing Fund

    September 19, 2008

    Brotman Capital Management Head Randy Brotman has led his Brotman Capital Partners market timing fund into positive territory, with a 14% gain through August, HedgeWorld.com reports.

  • Arkanor Preps Global Macro Fund

    September 19, 2008

    Arkanar Financial plans to introduce a global macro hedge fund this month that parallel its existing managed account, FINalternatives reports.

  • Singapore Firm Preps Long/Short Japan RE Fund

    September 19, 2008

    Ken Sakurai, founder of Jermyn Capital, is preparing to launch the Fudosan Long/Short Fund at the end of September.

  • SYW Hires Marketing Officer

    September 19, 2008

    Noel Sullivan has joined New York-based long/short equity hedge fund firm SYW Capital as its first marketing officer.

  • Lehman AM Nears Sale

    September 19, 2008

    Lehman Brothers’ asset management unit is close to selling itself and has narrowed down the potential buyers to Bain Capital and Hellman & Friedman, according to clients and consultants.

  • Tosca Markets Latest Strat

    September 19, 2008

    Tosca Fund in London has begun marketing the Tosca Small Cap Fund, a long/short U.K. equity strategy, which launched in February and is up 9.5% through Aug. 31.

  • Hedge Funds Rail Against Short Ban

    September 19, 2008

    Hedge fund professionals are convinced that this morning’s move by the Securities and Exchange Commission to ban the shorting of financials is the wrong way to go about solving the current market crisis.

  • Corazon Sets Up In Geneva

    September 19, 2008

    Corazon Capital Management has established an office in Geneva, which gained regulatory approval earlier this week.

  • Lothian To Sue Lehman

    September 19, 2008

    Lothian Pension Fund plans to file a lawsuit against Lehman Brothers and its management.

  • 788 China Strat Down Big In August, ‘08

    September 19, 2008

    788 Asset Management’s 788 China Fund was down 35.70% in August and has returned -78.16% for the year as of Aug. 31, putting it among the year’s biggest losers.

  • AQR Readies Mutual Fund Line

    September 19, 2008

    AQR Capital Management is the first hedge fund firm to plan the launch of an open-end mutual fund lineup.

  • AIN Data Commentary, Sept. 19, 2008

    September 19, 2008

    August was another rough month for hedge funds.

  • PE Firms Circling

    September 19, 2008

    The dismantling of Lehman Brothers is likely to create a wide range of investment opportunities, and private equity firms are waiting to see how Lehman will bundle its assets and/or loans, according to David Neff, who represents private equity firms as a partner in bankruptcy and corporate finance at law firm Perkins Coie.

  • "In a couple of weeks it will all be forgotten about."

    September 19, 2008

    --Ken Murray, cio at Blue Planet Investment Management, is optimistic about the aftermath of Lehman Brothers' collapse.

  • Alternatives Manager Search Directory

    September 18, 2008

  • Mandate Scoreboard

    September 18, 2008

  • Global Macro Hedge Funds

    September 18, 2008


 

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