Stories

  • Atlantis Suspends Redemptions On China Fortune Fund

    October 10, 2008

    Atlantis Investment Management suspended redemptions on its China Fortune Fund Tuesday.

  • Hindsight Sees Assets Drop By 96%; Seeks Partner

    October 10, 2008

    Hindsight Investment Management has lost the bulk of its assets over the last month due to redemptions triggered by the departure of one of the firm’s founders.

  • New Green-Tech Venture Launches

    October 09, 2008

    Tarra Mitchell, formerly a v.p. with private equity and real estate specialist Landmark Partners, has left the firm to co-found WAVE Capital Partners, a Boston venture capital and private equity firm focused on green technology startups.

  • Aureos Bets On African Growth For Returns

    October 09, 2008

    Mauritius-domiciled private equity fund manager Aureos Capital announced it will use “superior risk-adjusted returns” in Africa for its new fund, Business Day reports.

  • 3TS Capital To Launch EUR200M Fund

    October 09, 2008

    Venture capital firm 3TS Capital Partners plans to introduce a new EUR200 million fund before year’s end, AltAssets reports.

  • Samena Expands With Five Additions

    October 09, 2008

    Samena Capital has expanded its staff to add five investment executives to aid co-Founders and Managers Shirish Saraf, Ramiz Hasan and Simon Wong.

  • Lehman Sells R3 Stakes

    October 09, 2008

    Lehman Brothers Holdings has agreed to unload its 45% holding in hedge fund R3 Capital Partners for $250 million cash and a $250 million commitment to another R3 fund, Reuters reports.

  • BlackRock, PIMCO Push For Piece Of Bailout Pie

    October 09, 2008

    BlackRock and Pacific Investment Management Co. are bidding to win a management mandate for the mortgage-backed assets in the U.S. government’s $700 billion financial bailout, people familiar with the matter told Bloomberg.

  • September Worst Month For Hedgies In Years

    October 09, 2008

    Hedge funds could post 5-9% losses for September in what would be the worst month in more than 10 years, Hennessee Group reports.

  • September Slams All But Short Funds

    October 09, 2008

    Most hedge fund indices entered the red zone in September, with some posting double-digit losses, according to Hedge Fund Research.

  • Treesdale Hires RBS MBS Team

    October 09, 2008

    New York-based Treesdale Partners has hired a team of four RBS Greenwich Capital non-agency mortgage traders to buy mortgage-backed securities for the firm’s year-old distressed hedge fund.

  • Colo. Fire & Police Fund Eyes Distressed Real Estate

    October 09, 2008

    The Fire & Police Pension Association of Colorado is looking to invest about $30 million in distressed real estate products and senior bank loans.

  • Gottex Seeks Marketers For Zurich Locale

    October 09, 2008

    Gottex Fund Management is seeking to add three or four marketing and client servicing staffers to its new Zurich office over the next year.

  • Defensive Stance Sees Juno Funds Up

    October 09, 2008

    Unlike many of its peers, Juno Mother Earth Asset Management’s JME Commodities Strategy Fund and JME Equity Strategy Fund posted positive returns in September.

  • 3A Commodity Fund Bounces Back In Sept.

    October 09, 2008

    3A Alternative Investments’ fund of relative value commodity funds returned just over 8% in September putting it in the black for the year.

  • Cerberus Keeps Chin Up

    October 08, 2008

    At least as of late last month, Cerberus Capital Management was putting a on a good face to its investors.

  • DIFC To Launch RE Unit

    October 08, 2008

    Dubai International Financial Centre investment unit DIFC Investments will start a real estate unit to invest in the regional property sector, including Dubai.

  • Jerusalem Venture Holds First Closing For Fund Five

    October 08, 2008

    Israeli venture capital firm Jerusalem Venture Partners had the first closing of its fifth fund, JVP Media V, at $100 million, AltAssets reports.

  • Tantallon Liquidates L/S Fund

    October 08, 2008

    Singapore-based Tantallon Capital has reportedly liquidated an $18 million hedge fund after severe losses this year, sources told Reuters.

  • Brevan Hires Bond, Equities Execs

    October 08, 2008

    European hedge fund manager Brevan Howard Asset Management has appointed several senior-level executives this year, eFinancial News reports.

  • Hedge Fund Board Adds Members

    October 08, 2008

    The Hedge Fund Standards Board has added 10 hedge fund managers to its standards of best practice and is considering additional funds.

  • Pershing Square Says Shorting Ban Killed Confidence

    October 08, 2008

    Pershing Square Capital Management Chief William Ackman says that the temporary shorting ban instituted by U.K. and U.S. regulatory units has caused a lack of investor confidence, Reuters reports.

  • Lancelot Committed $1B To Fraudulent Petters Group

    October 08, 2008

    Illinois-based hedge fund Lancelot Investment Management is working with lenders and cooperating with investigators after a reported $1 billion investment in a firm charged with fraud, Bloomberg reports.

  • Man Hires Strategist

    October 08, 2008

    Man Investments has hired Philippe Gougenheim as head of strategic research in its Pfäffikon office.

  • Rasini To Add Distressed Managers

    October 08, 2008

    London- and New York-based fund of hedge funds firm Rasini & Company will add several distressed managers to its portfolio in early-to-mid 2009.

  • PMA Macro FX/Rate Fund Up In Sept.

    October 08, 2008

    PMA Investment Advisors’ flagship macro strategy, the PMA Harvester Fund, was up 1.82% last month in a volatile environment that saw many other funds in the red.

  • ARCH Targets Asia Via IFAs

    October 08, 2008

    ARCH Financial Products wants to extend distribution of its alternatives offerings into Asia and the Middle East.

  • Boutique To Bail Out Ailing Hedge Funds

    October 08, 2008

    Fund of hedge funds firm Cogo Wolf Asset Management is preparing to acquire up to $500 million in new assets by bailing out struggling hedge funds.

  • India’s MetroCorp Might Get USD300M In PE

    October 07, 2008

    Bangalore-based real estate firm MetroCorp is reportedly close to raising USD300 million from global financial institutions including Prudential Corporation Asia and Warburg Pincus, Business Standard reports.

  • ChemChina, Blackstone Close Bluestar Investment

    October 07, 2008

    China National Chemical Corporation and The Blackstone Group announced the closing of Blackstone investment in ChemChina subsidiary China National Bluestar Corp.

  • Three Pharos Russia Funds Benefit From Cautious Approach

    October 07, 2008

    The Pharos Russia funds have fared well compared with other regional funds through their stock picking and hedging strategy, but the firm’s three funds all took a hit in August.

  • Da Vinci Hires New Portfolio Manager

    October 07, 2008

    Ex-Beegee Trading trader Paolo Bozzo has taken a portfolio manager position at Zurich-based Da Vinci Invest handling commodity volatility arbitrage, FINalternatives reports.

  • Former Man Execs Introduce Manager Platform

    October 07, 2008

    Former Man Group executives have launched a new management company called Revere Capital Advisors that will target emerging absolute return managers via its planned distribution platform, HedgeWorld.com reports.

  • Claremont Closes Fund II At USD175M

    October 07, 2008

    Venture capital firm Claremont Creek Ventures has closed its second fund, Claremont Creek Ventures II, at USD175 million, with commitments from all the firm's existing investors, AltAssets reports.

  • Ex-Mormon Money Manager Starts Hedge Fund

    October 07, 2008

    A former equity portfolio manager for the Church of Jesus Christ of Latter-Day Saints’ investment division Ensign Peak Advisors has introduced her own long/short hedge fund that will commit to U.S. equity, FINalternatives reports.

  • Citadel Flagship Fund Dips 18%

    October 07, 2008

    Citadel Investment is feeling the pain of the shorting ban and market turmoil, with its flagship fund tanked 18% this through September, Financial Times reports.

  • BlackRock Expands U.K. Account Management Team

    October 07, 2008

    BlackRock has named John Athill a director in its U.K. institutional account management team, reporting to Juliet Bullick.

  • Paragon Acquires Shell Company For Chinese APO

    October 07, 2008

    New York’s Paragon Capital has purchased Timberjack Sporting Supplies, an outdoor sporting goods specialist, to use as a shell company with which to perform an alternative public offering with an undisclosed Chinese corporation.

  • AIN Data Commentary, Oct. 10, 2008

    October 07, 2008

    Next week we will focus on the enthusiastically awaited September performance data.

  • Illinois Start Up Avoids Turmoil

    October 07, 2008

    Central Square Management, a start-up hedge fund firm in Warrenville, Ill., has avoided the chaotic markets and posted returns of 2.9% in September, and 33.9% year-to-date.

  • Horton Point Relocates

    October 07, 2008

    Horton Point has moved to a larger office in New York as the quant shop continues with its plans for growth.

  • SAC, Lone Pine Among September Losers

    October 07, 2008

    Steven Cohen, Stephen Mandel and Raj Rajaratnam are among the big-name hedge fund managers who found themselves in the red in September.

  • Tontine, Greenlight Reveal Loss-Makers

    October 07, 2008

    Some of the industry's biggest names posted their worst returns in history last month, and two of the well-known managers in the red were Jeffrey Gendell of Tontine Associates and David Einhorn of Greenlight Capital.

  • Infrastructure Funds Grow By $3B Each

    October 07, 2008

    Investor appetite for infrastructure and more opportunities available for managers have bolstered the average size of infrastructure funds to $3.3 billion year-to-date from $159 million in 2003.

  • Eton Park, BlueMountain, Cairn Scoop Awards

    October 07, 2008

    Hedge fund firms Eton Park Capital Management, BlueMountain Capital Management and Cairn Capital each walked away with a trophy at an awards dinner last night co-hosted by AIN sister publications Derivatives Week and Total Securitization.

  • Tuckerbrook, Banerjee Settle Dispute

    October 06, 2008

    The legal battle between Tuckerbrook Alternative Investments and Sumanta Banerjee over the control of Tuckerbrook | SB Global Special Situations Fund and Tuckerbrook | SB Global Distressed Fund that began in April (totalalternatives.com, April 30) has been dismissed and the two parties have settled out of court.

  • DIC Names Emerging Markets CEO

    October 06, 2008

    Bain Capital Europe Co-Founding Partner Alykhan Nathoo is departing to join Dubai International Capital as ceo of DIC emerging markets, AltAssets reports.

  • Temasek Holdings To Hike Asia Investments

    October 06, 2008

    Singapore state investment company Temasek Holdings plans to put invest more in the Asian financial sector with $930 it took in from the sale of Bank Internasional Indonesia, Financial Times reports.

  • Resolution Names Alternatives Chief

    October 06, 2008

    Resolution Asset Management has hired Tim Sweeting to fill the newly-created position of head of alternatives.

  • Alpha Associates Taps EBRD Staffer For Board

    October 06, 2008

    Zurich-based private equity fund of funds manager Alpha Associates has appointed Dr. Kurt Geiger as special adviser and chairman of its advisory board, AltAssets reports.

  • Claret Taps JPMorgan For PE Fund

    October 06, 2008

    Private equity firm Claret Capital has hired Dermot Hanley and Yuki Narula to join its Dublin and New York offices to help manage its new private equity fund teams, FINalternatives reports.

  • Citadel Adds Three To Bond Team

    October 06, 2008

    Citadel Investment Group has hired Timothy Bryan Wilkinson, John Alexander Goodridge and Alex Maddox as senior staffers joining its global fixed income business.

  • Venture Investment In Renewable Energy Nears USD3B In Q308

    October 06, 2008

    Venture capital investments in green energy technologies surpassed USD2.8 billion in the third quarter of 2008, beating prior records, AltAssets reports, citing Greentech Media's Venture Power Report.

  • Flexpoint Funds Close With Nearly USD1.3B

    October 06, 2008

    Private equity house Flexpoint Ford has held a first and final closing on its second investment fund, Flexpoint Ford Fund II, alongside Flexpoint Ford Overage Fund II, which collectively raised USD1.28 billion, AltAssets reports.

  • Capital Innovations Opens In London

    October 06, 2008

    U.S.-based infrastructure specialist Capital Innovations has opened an office in London, headed by James Greenwood.

  • Elizabethtown CIO Ups Dislocated Credit

    October 06, 2008

    Dauphin Capital Partners, the outsourced cio for Elizabethtown College’s endowment, is increasing its allocations to dislocated credit strategies.

  • Startup Readies Art Fund

    October 06, 2008

    Dean Art Investments is looking to raise $50 million for an art fund, which it will begin to invest in the new year.

  • London Startup Pauses Fundraising

    October 06, 2008

    London-based Camargue Capital Management, which launched its maiden hedge fund in July, has halted asset-raising efforts to focus solely on investing, because of turbulent markets.

  • Timing Hinders Hindsight Converts Fund

    October 06, 2008

    Hindsight Investment Management’s recently launched convertibles fund is a bit handcuffed by a lack of volume.

  • Broadpeak Snags Ex-Citadel Credit Pro

    October 06, 2008

    Sandeep Gupta, a credit specialist formerly with Citadel Investment Group, joined Singapore’s Broadpeak Investment Advisers.

  • U.S. Equity Vol Spike Fires Up Trading Interest

    October 06, 2008

    The dramatic spike in U.S. equity volatility, which this week hit 48% for only the fourth time since the Asian financial crisis of 1997, has some hedge funds zeroing in on the nascent vol trading space, a shift away from more traditional pure equity plays.

  • Barclays Takes On Lehman Attorney

    October 06, 2008

    Barclays Capital has named James Pomeroy as a senior v.p. and counsel for equity and hedge fund derivatives in New York.

  • Security Global To Unveil New Hedge, 130/30 Strats

    October 06, 2008

    Security Global Investors will roll out global market-neutral and 130/30 strategies at year-end.

  • Fund Profits From WaMu, Countrywide Failures

    October 03, 2008

    Mooring Financial Corporation’s Mooring Capital Fund has thus far avoided the market beating many of its peers are receiving, returning about 9% year-to-date by its long-held short positions in the financial sector, namely Washington Mutual.

  • Manager of Emerging HFs Opens Shop

    October 03, 2008

    Revere Capital Advisors, a manager of emerging hedge fund managers, has debuted with headquarters in New York and offices in San Francisco and London.

  • Dubai International Hires Two For PE

    October 03, 2008

    Dubai Holding subsidiary Dubai International Capital has hired Eric Kump as managing director of private equity and Marc Hollander as finance director of private equity, AltAssets reports.

  • Wyser-Pratte Halts Redemptions

    October 03, 2008

    Wyser-Pratte Management Co. Founder Guy Wyser-Pratte has temporarily halted withdrawals from USD500 million Wyser-Pratte Eurovalue, Financial Times reports.

  • Cayman Fund Opts For Deutsche Börse Seat Removal

    October 03, 2008

    The Children's Investment Master Fund of the Cayman Islands sent a letter to Deutsche Börse asking the executive board to remove Supervisory Board Chairman Kurt Viermetz from the board.

  • GLG’s Lehman Exposure Under 1%

    October 03, 2008

    London-based GLG Partners has sent a letter to investors revealing that its direct exposure to Lehman Brothers is USD95 million or less than 1% of AUM, NYTimes DealBook reports.

  • Pantheon Adds Two To Bay Area Office

    October 03, 2008

    Private equity fund of funds and secondaries manager Pantheon has hired Carol Foster as a principal in client services and Jeff Lumbard as a marketing v.p., based in marketing, AltAssets reports.

  • Och-Ziff Losing On Four Master Funds

    October 03, 2008

    Och-Ziff Capital Management Corp. has filed a disclosure with the Securities and Exchange Commission reporting a monthly and year-to-date loss for four master funds.

  • Bond CDS Traders Bet On Muni Downfalls

    October 03, 2008

    A new type of shorting is gaining notoriety as investors employ exotic derivatives to bet on the activities of state funds, The New York Times reports.

  • AIN Data Commentary, Oct. 3, 2008

    October 03, 2008

    From 2000 on, the hedge fund composite index looks approximately like a flatter version of the Dow Jones Industrial Average.

  • "Would a prudent man expose his capital to markets at the moment?"

    October 03, 2008

    --Peter Douglas, principal at hedge fund research firm GFIA, on investors showing caution in a turbulent market.

  • Long/Short Equity Hedge Funds

    October 03, 2008

  • Alternatives Manager Search Directory

    October 03, 2008

  • Mandate Scoreboard

    October 03, 2008


 

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