Stories

  • Dechert Adds PE, Hedge Fund Startup Specialist

    October 03, 2008

    Angelyn Lim has joined Dechert as a partner in its financial services group in Hong Kong.

  • APS Readies Viet Fund; Launch Date TBD

    October 03, 2008

    Singapore’s APS Asset Management is working on a Vietnam absolute return fund for launch as soon as the end of the year.

  • Hedge Funds Moving To Custody Banks

    October 03, 2008

    Global custodians are seeing more business from hedge funds looking to rely on traditional custody banks in risky markets. Long-only assets are being moved from prime brokers to reduce risk.

  • Survey Shows Support For Shorting Ban

    October 03, 2008

    More than 60% of asset managers, pension funds and large-cap companies recently surveyed by an independent consultant are in support of the U.S. ban on stock short-selling.

  • Thames River Taps FSA For Risk Chief

    October 02, 2008

    Thames River Capital has hired former senior Financial Services Authority executive Graeme Pollok as its compliance and risk manager, effective immediately.

  • U.K. Hedge Funds Feel Credit Pressure

    October 02, 2008

    The U.K. is feeling the credit crunch too, as Kinetic Partners Hedge Fund Adviser Andrew Shrimpton noted that one local hedge fund considers wrapping up its funds every week, The Times of London reports.

  • Investec Unit Considers Mining PE Fund

    October 02, 2008

    Investec subsidiary Investec Resources is thinking of starting private equity fund to invest in mining, Bloomberg reports.

  • RAB Cuts Fees Amid USD500M Loss

    October 02, 2008

    RAB Capital has cut fees for some investors in its Special Situations Fund in exchange for a lock-up, The Wall Street Journal reports.

  • Protego Plans Funds Merger With Threadneedle

    October 02, 2008

    Protego Real Estate Investors’ Protego Real Estate Funds has met with the trustees and advisors of Threadneedle Property Unit Trust about a possible merger of TPUT and Protego U.K. Property Fund.

  • GAM Adds L/S Fund Manager

    October 02, 2008

    GAM has hired Mark Hawtin as a new fund manager joining its London office.

  • Blackstone To Push Back Asian Event Fund

    October 02, 2008

    Hong Kong-based hedge fund manager Blackstone A.M.N. Advisors has pushed back the launch of its first fund amid global financial market turmoil, four people briefed on the situation told Bloomberg.

  • Canada’s Salida Loses On Lehman

    October 02, 2008

    Salida Capital is just one example Canadian firms are suffering, Globe and Mail reports, as the fund admits big losses tied to Lehman Brothers fund holdings.

  • LaSalle Names Japan Chief

    October 02, 2008

    LaSalle Investment Management has hired Akira Nishimura as head of client services for Japan.

  • SEC Extends Shorting Ban, Disclosure Rule

    October 02, 2008

    The Securities and Exchange Commission announced Oct. 1 that it would extend its recent temporary ban on short selling to allow time for the government to approve a bailout package.

  • Paulson Defies Odds Through August

    October 02, 2008

    Paulson Investment Co. posted double- and triple-digit returns for its funds through August, thanks to foresight about the housing market, Financial News reports.

  • Startups Have No Choice But To Wait Out Fundraising Trickle

    October 02, 2008

    Hedge funds that have launched recently and those that had planned autumn launches have little choice but to sit tight and hope for better times.

  • Unigestion Preps Concentrated Fund OF Funds

    October 02, 2008

    While others are looking to de-risk, high-profile Swiss fund of hedge funds firm Unigestion has an offering in the pipeline that will allow it to play short-term themes by taking greater exposure to fewer strategies.

  • Harcourt Eyes Pure Distressed FoF

    October 02, 2008

    Harcourt Investment Consulting has been keeping an eye on distressed hedge funds and is in discussions with some of its investors about possibly launching a fund of funds focused on the strategy.

  • UBS Unit Eyes Real Estate Expansion

    October 02, 2008

    UBS Global Asset Management wants to expand its real estate investment management business worldwide once the debt markets start to bounce back.

  • London Startup Seeks Seeder For Loan Funds

    October 02, 2008

    Jubilee Financial Products is looking for a lead investor to seed its two new stressed loan funds, focused on Europe and Eastern Europe, with EUR20-30 million each.

  • UBP Preps Second Closing For HF/PE Hybrid

    October 01, 2008

    Swiss private bank Union Bancaire Privée’s latest rollout, SquareInvest Distressed Opportunity, has identified five private equity managers it will invest in by the end of the first quarter.

  • Blackstone, JPMorgan Team Up For Digital Hollywood

    October 01, 2008

    Blackstone Group and JPMorgan Chase are looking raise at least USD1 billion to help finance the conversion of 20,000 U.S. cinema screens to digital technology, the Financial Times reports.

  • Blackstone Appoints Asia Advisory Team

    October 01, 2008

    The Blackstone Group announced a new Asia advisory team comprised of local professionals based in Hong Kong and Beijing, VCCircle reports.

  • Taiwan Mulls Sovereign Wealth Fund

    October 01, 2008

    Taiwan's state planning unit met Wednesday to discuss the possibility of establishing a sovereign wealth fund as a way to make profit from its savings, which includes USD282 billion in foreign exchange reserves, Reuters reports.

  • Nextech Third Fund closes At USD65M

    October 01, 2008

    Swiss venture capital firm Nextech Venture had the final closing for its third fund at USD65 million, AltAssets reports.

  • Volatility, Panic Hit Hedge Funds

    October 01, 2008

    Lee Ainslie, Louis Bacon and Daniel Loeb are among the most successful hedge fund managers also plagued by losses due to volatile markets, The New York Times reports.

  • Ramius Hires Three For Credit Unit

    October 01, 2008

    Ramius Capital hired three executives to pad its new credit trading unit last month, Financial News reports.

  • Will Sticky Money Stick?

    October 01, 2008

    The generally accepted wisdom is that the floodgates will open on January one as investors stampede to redeem their hedge fund holdings, but at least two market participants suggest there may be mitigating factors.

  • London & Capital Preps Multi-Strat FoF

    October 01, 2008

    On Nov. 1 private client specialist London & Capital will roll out a fund that allocates to each of its three existing multi-asset funds in equal proportion.

  • New Star Plans Massive Alts Boost

    October 01, 2008

    London's New Star Asset Management is planning to increase its hedge fund assets to $3.5 billion from $2 billion by the end of 2010, and to further double them to $7 billion by 2012.

  • Apax Taps Atos Founder For Advisor

    September 30, 2008

    Apax Partners France has hired Atos Origin Founder and former Chairman and CEO Bernard Bourigeaud as a senior advisor, AltAssets reports.

  • Lyceum Expands Investment Team

    September 30, 2008

    Lyceum Capital has hired four to expand its investment team, bringing its staff to 17. The firm, which “will continue to expand selectively,” according to Managing Partner Jeremy Hand, has added two analysts, one associate partner and one partner.

  • Former Cantillon Manager Preps Health Fund

    September 30, 2008

    An ex-Cantillon Capital Management portfolio manager, Santtu Seppala, has started Kiitos Capital Management and plans to launch a fund in 2008, HFMWeek reports.

  • Standard Life Introduces Absolute Return Fund

    September 30, 2008

    Standard Life has launched the Global Absolute Return Strategies Fund that aims to offer small investors hedge fund-like returns in all markets, The Irish Independent reports.

  • Ex-Bear V.P.s Prep First Fund

    September 30, 2008

    Former Bear Stearns V.P. Paul Arrouet is preparing his first hedge fund, Marble Gate, HFMWeek reports.

  • Kuwait Shuns U.S., Mulls Asia Investments

    September 30, 2008

    The Kuwait Investment Authority (KIA) is shying away from banking bargain bailouts in the U.S. and instead putting sovereign funds to work at home and possibly in Asia, Gulf Daily News reports.

  • Asia Hedge Funds Lag U.S., Europe

    September 30, 2008

    Asia hedge fund closures have increased 19% in 2008, with the industry losing money as Western investments pull money, Bloomberg reports.

  • Standard Life Introduces Absolute Return Fund

    September 30, 2008

    Standard Life has launched the Global Absolute Return Strategies Fund that aims to offer small investors hedge fund-like returns in all markets, The Irish Independent reports.

  • Ex-Bear V.P.s Prep First Fund

    September 30, 2008

    Former Bear Stearns V.P. Paul Arrouet is preparing his first hedge fund, Marble Gate, HFMWeek reports.

  • Reserve Management Corp. To Liquidate Primary Fund

    September 30, 2008

    The Reserve Management board of trustees has voted to liquidate the assets of The Primary Fund, a series within The Reserve Fund.

  • Darby Closes Brazil Mezzanine Fund, Hires Manager

    September 30, 2008

    Franklin Templeton Investments private equity unit Darby Overseas Investments has closed fundraising for its Brazil Mezzanine Infrastructure Fund through a joint venture with Stratus Group.

  • JL Advisors MD Preps New Fund

    September 30, 2008

    Robert Schwartz of JL Advisors has formed Cooper Creek Partners Management, and will launch Cooper Creek Partners, a long/short equity value catalyst-driven strategy, Nov. 1.

  • Agamas Preps Distressed Strat

    September 30, 2008

    Agamas Capital Management, the $600 million hedge fund firm co-founded by Seth Fischoff, Greg Jacobs and Michael Reeber, will launch its second fund, a distressed mortgage and asset-backed securities hedge fund, in the fourth quarter.

  • Corazon Opens FoF To External Investors

    September 30, 2008

    Corazon Capital has opened up its Alternative Investment Fund to new investment, following client demand.

  • Bear Stearns Equity Flow Chief To Join Algebris

    September 30, 2008

    Jim Josephson, former head of equity derivative flow sales at Bear Stearns in London, is about to land at hedge fund firm Algebris Investments.

  • GSA Closes Hong Kong Pilot Office

    September 30, 2008

    GSA Capital has closed its nascent Hong Kong operations and recalled to London the two staffers it sent there just a few months ago to investigate the Asian market.

  • Hong Kong Regulator Warns Against Abusive Shorting

    September 30, 2008

    Hong Kong’s Securities and Futures Commission issued a reminder today that it would not hesitate to act against abusive short-selling.

  • Ferro Shutters Swiss Locale

    September 30, 2008

    Ferro Capital, the fund of hedge funds and wealth management firm run by a group of Commerzbank veterans, has closed its Zurich satellite office after roughly two years.

  • KS Asset Mgmt Asia L/S Fund Nears Launch

    September 30, 2008

    KS Asset Management is only waiting for its license to be approved by Hong Kong’s regulator so it can launch its flagship KS Asia Long/Short Fund.

  • Temujin To Launch Multi-Strat Asia Fund

    September 30, 2008

    Temujin Global Asset Management intends to launch its first fund, an Asia-focused multi-strategy offering, on Jan. 1 with $50-100 million.

  • Dubai Group Acquires 51% of Acacia for $76.9 Million

    September 29, 2008

    Dubai Group has acquired a 51% stake in Bahrain's Acacia Real Estate for USD76.9 million, Bloomberg reports.

  • Abu Dhabi PrepsUSD1.5B China RE Fund

    September 29, 2008

    Abu Dhabi Investment House is preparing to launch a USD1.5 billion private equity fund that will invest in real estate and manufacturing in China, a senior executive told Reuters.

  • Credit Suisse Alts Unit Adds RE Head

    September 29, 2008

    Credit Suisse has appointed Susan Swanezy as head of distribution for the real estate products group within its alternative investments unit.

  • Mining Industry Dependent On RAB Fund Restructuring

    September 29, 2008

    RAB Capital’s flagship fund is facing a life or death vote, as investors will decide whether or not to proceed with a restructuring, Financial Times reports.

  • Clarium Hedge Fund Gains As Commodities Slide

    September 29, 2008

    PayPal co-Founder Peter Thiel’s hedge fund, Clarium Capital Management, has benefited from market volatility as recent events have nearly doubled his U.S. equity holdings, Bloomberg reports, citing an investor letter.

  • Quadrange Opens Hong Kong Office

    September 29, 2008

    The Quadrangle Group has opened a Hong Kong office and appointed Managing Principal Edward Sippel to lead it, AltAssets reports.

  • Dalton Greiner Vet Launches Small-Cap Hedge Fund

    September 29, 2008

    Former Dalton Greiner Hartman Maher & Co. portfolio manager Stephen Bruno has started a small-cap hedge fund that will invest in U.S. equities, AltAssets reports.

  • Blackpool Launches Absolute Fund

    September 29, 2008

    Blackpool Capital Management has introduced a multi-strategy fund of funds to offer investors a tool with little correlation to the markets, FINalternatives reports.

  • HANRiver Fund Set For October Launch

    September 29, 2008

    Newly-formed Singapore firm HANRiver Capital is preparing to launch the HANRiver CORE Fund, a long/short Asia-Pacific ex-Japan strategy, in October with $5 million.

  • Citi Vet Launches Global RE Fund

    September 29, 2008

    Jonathan Litt, former managing director and senior global real estate strategist at Citigroup, has founded Land & Buildings Investment Management and launched Land & Buildings Capital Growth, a long/short global real estate fund.

  • Merit Targets $100M For Multi-Strat CTA

    September 29, 2008

    Merit Alternative Investments wants to grow assets in its multi-strategy managed futures offering—Blue Danube Fund Futures Select—to $100 million from $30 million in the next two or three years.

  • Aureos Eyes Final Close For Asia PE Fund

    September 29, 2008

    Mauritius-based Aureos Capital is gearing up for the final close of its Aureos Central Asia Fund, which will invest 70% of total assets in Kazakhstan.

  • Accor Raising Funds For Pan-Asia RE Strat

    September 29, 2008

    The Asia-Pacific property development and investment arm of Accor, the French hospitality and services company, is coming out with a private equity real estate fund that will have a pan-Asia focus.

  • Admin Firm Amicorp To Expand In H.K., Open In Shanghai

    September 29, 2008

    Global fund administrator Amicorp Fund Services expects to expand its operations in Hong Kong this year and into next year, and intends to open in Shanghai by the end of the year.

  • Augustus Founder Sets Up Commodities Shop

    September 26, 2008

    Mark Abeshouse, founder of Augustus Advisors, has started OA Diversified with Larry Alintoff and Alan Osofsky, former commodities floor traders.

  • AMP Capital Names Asian Infrastructure Co-Head

    September 26, 2008

    Australian investment firm AMP Capital Investors has added a co-head of infrastructure for Asia with the hiring of Beijing-based Xiao Wei, AltAssets reports.

  • Gruss Launches Leveraged Multi-Strategy Firm

    September 26, 2008

    Gruss Asset Management has introduced a leveraged version of its multi-strategy offering, Gruss Global Investors, which is nearly flat after two months, FINalternatives reports.

  • Ex-Merrill Chief Considers Hedge Fund Move

    September 26, 2008

    Former Merrill Lynch CEO Stan O'Neal might be planning a comeback with a possible move to alternative investment firm Vision Capital Advisors, Financial Times reports.

  • JPMorgan To Double India PE Funds To USD1B

    September 26, 2008

    JPMorgan Chase plans to double its private equity investments in India to reach USD1 billion, with another USD500 million going toward its corporate finance and advisory units, India CEO Kalpana Morparia told Bloomberg.

  • TPG Loses USD1.35B On WaMu

    September 26, 2008

    Private equity firm TPG has lost roughly USD1.35 billion due to the bailout of Washington Mutual, five months after contributing to a USD7 billion investment in the bank, Reuters reports.

  • AIMA Appoints New Global Council

    September 26, 2008

    The Alternative Investment Management Association has elected its new council, appointing a number of global industry executives to one- and two-year terms.

  • AIN Data Commentary - 9/26/08

    September 26, 2008

    When we last checked in with the short-biased strategy it was outperforming every other strategy by a mile.

  • Laven Targets $100M For Systematic CTA

    September 26, 2008

    Laven Partners Asset Management wants to grow assets in its Laven Funds Global Systematic ST SPC Fund to $100 million from $10 million in the next six-to-nine months.

  • LGT Eyes Secondary Opportunities

    September 26, 2008

    Fund of funds firm LGT Capital Partners (LGT CP) is looking at opportunities in the secondary private equity market.

  • "People will figure out how to achieve the same goal."

    September 26, 2008

    --Steve Resnick, managing director at Navigator Capital Partners, on creative ways to get round the restrictions on short-selling.

  • Alternatives Manager Search Directory

    September 26, 2008

  • Hedge Fund Strategy Performance - August 2008

    September 26, 2008

  • Mandate Scoreboard

    September 26, 2008

  • Funds Of Hedge Funds

    September 26, 2008


 

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