Stories

  • Baylor Eyes Opportunistic Plays

    October 24, 2008

    Baylor University’s roughly $1 billion endowment is scouting for niche opportunities following the recent upheaval in the financial markets.

  • Haverford Eyes Private Equity

    October 24, 2008

    The $500 million Haverford College endowment is examining opportunities in international private equity and will consider an allocation within the next few months.

  • SFC: Short Selling Patterns Remain Stable

    October 24, 2008

    Despite the recent rise in market volatility and the introduction of temporary short-selling measures in overseas markets, short selling activity in Hong Kong remains at levels consistent with those prior to the current financial turmoil.

  • Winnington Capital Shutters N.Y. Office

    October 24, 2008

    Hong Kong’s Winnington Capital has closed down its New York office where it held four sales, marketing and client service professionals.

  • Merrill Thins Asia Prime Headcount

    October 24, 2008

    Merrill Lynch has cut several members of is Asia prime brokerage team in a retrenchment.

  • International Assets, INTL Introduce Africa HF

    October 23, 2008

    International Assets Holding Corp. and joint venture partner INTL Consilium have launched an Africa and Middle East-focused fund called ICL Greater Africa Fund, FINalternatvies reports.

  • HedgeFund Intelligence Database Consolidates Fund Info

    October 23, 2008

    HedgeFund Intelligence has launched a new Web-based data interface that gives users access to information on more than 11,000 hedge funds in one location, AsiaHedge reports.

  • Regulators Extend Shorting Ban Down Under

    October 23, 2008

    The Australian Securities and Investments Commission has moved to extend the short selling ban until Nov. 18 after reviewing it, AsiaHedge reports.

  • Babcock & Brown Consider PE Offers

    October 23, 2008

    Australian alternatives firm Babcock & Brown is now reviewing a number of unsolicited buyout offers from private equity firms, the Australian Financial Review reports.

  • Skandia Launches Seven Funds In U.K.

    October 23, 2008

    Skandia Investment Group has moved ahead with its plans to expand in the U.K. with the launch of seven new funds.

  • Hermes, Cortson Smith Introduce ASEAN Fund

    October 23, 2008

    Hermes Equity Ownership Services and Corston-Smith Asset Management have teamed up to launch an absolute return fund that will invest in long-term equity in Southeast Asia.

  • Schroders Names New Bond Head

    October 23, 2008

    Schroders has promoted Karl Dasher its new head of fixed income, reporting to Group CIO Alan Brown, also head of the fixed income investment committee.

  • AIMA Releases Updated Guide To Capital Adequacy

    October 23, 2008

    The Alternative Investment Management Association has issued updated guidance geared at members looking to implement an Internal Capital Adequacy Assessment Process, a risk measurement required by Financial Services Authority (FSA) rules.

  • Fortress Holding Bankruptcy Could Cost USD200M

    October 23, 2008

    Fortress Investment Group CEO and Board Chairman Wes Edens might be charged with arranging a bankruptcy for Intrawest, a ski resort company it acquired two years ago for USD1.8 billion, The New York Post reports.

  • Weill Mulls Return Via New PE Fund

    October 23, 2008

    The man behind the creation of Citigroup is thinking about abandoning retirement for a new private equity fund that would invest in slammed assets in the financial sector, The Wall Street Journal reports.

  • VC Down In 3Q08

    October 23, 2008

    Venture capitalists invested a collective $7.37 billion across 583 deals in the third quarter of 2008, a 7% drop from the $7.94 billion invested in 673 deals during the same time period last year, AltAssets reports, citing the Dow Jones VentureSource quarterly U.S. venture capital report.

  • Goldman, Coller, Lexington Mull Bids For Lehman

    October 23, 2008

    Goldman Sachs Group, Coller Capital and Lexington Partners are among the dozen firms considering bidding for some of Lehman Brothers Holdings investments in U.S. and European private equity funds, people with knowledge of the matter told Bloomberg.

  • ARCH To Reopen Wine Fund

    October 23, 2008

    ARCH Financial Products will reopen the £6 million ARCH Fine Wine Investment fund at the end of October, to take in another £2-3 million before closing again.

  • Global Capital Plans New Buyout Fund

    October 23, 2008

    Kuwait-based Global Capital Management, the private equity arm of investment bank Global Investment House, is planning to launch a buyout fund focusing on the Middle East and North Africa (MENA) region.

  • Coloured Diamond Fund Debuts

    October 23, 2008

    Amma Asset Management is seeking to grow its recently launched Codiam Fund, which invests in coloured diamonds, to $50 million from $15 million by the end of the year, and eventually to $100 million.

  • Central Asian Fund To Re-launch

    October 23, 2008

    Clemente Cappello, founder of The Sturgeon Investments, will re-launch his multi-strategy Kazakhstan- and Azerbaijan-focused offering on Harbour Capital Partners’ hedge fund platform in the coming weeks.

  • SPARX Retrenches Globally

    October 23, 2008

    SPARX Group, Asia’s biggest hedge fund group, is retrenching abroad as well as at home.

  • Franklin Templeton Launches Singapore Funds

    October 22, 2008

    Franklin Templeton has launched three funds in Singapore that invest in frontier markets, smaller Asian companies, and Europe, Asian Investor reports.

  • Sarkozy Pushes European Sovereign Wealth Funds

    October 22, 2008

    French President Nicolas Sarkozy is pushing for the creation of European sovereign wealth funds to ensure support for troubled European companies and prevent foreign takeovers, Reuters reports.

  • Gottex Sheds $2 Billion In Assets

    October 22, 2008

    Swiss hedge fund house Gottex Fund Management lost more than $2 billion in assets during the third quarter of 2008, with assets dropping 13.6% from the end of the second quarter, FINalternatives reports.

  • Electra Commits EUR45M To Steadfast Fund

    October 22, 2008

    Electra Partners has invested EUR45 million in German private equity fund Steadfast Capital Fund I.

  • SMAC Closes Third Fund

    October 22, 2008

    German venture capital house smac partners has closed its third fund, smac partners fund III, and acquired stakes in 10 companies in Finland, Israel and the U.S.

  • Avista Taps IT Exec As Advisor

    October 22, 2008

    Private equity house Avista Capital Partners has appointed Steven Marder to focus on digital media investment opportunities.

  • Lasair Hires Investment Officer

    October 22, 2008

    Hedge fund firm Lasair Capital has hired Jennifer Coffey as a senior investment officer, where she will work with and report to Founder Carrie McCabe, Reuters reports, citing a letter to investors.

  • Environmental FoF Cuts L/S Managers

    October 22, 2008

    Zurich-based Systematic Absolute Return SAR has cut three long/short strategies from the SAR Environmental Fund for underperformance, and has no immediate plans to add managers to replace them.

  • APAC Liquidating Greater China Fund

    October 22, 2008

    APAC Capital in Hong Kong is liquidating its Greater China Fund, acknowledging a bearish outlook shared with its investors.

  • UMJ To Launch Japan L/S Strategy

    October 22, 2008

    United Managers Japan will launch a fundamental long/short strategy, UMJ Kotoshiro, next month to take advantage of what many see is an undervalued and opportunity-rich Japanese market.

  • Tech Fund Broadens Horizons

    October 21, 2008

    Long/short equity technology-focused hedge fund ChipInvestor Group is seeing opportunities in companies that are not dependent on U.S. revenues.

  • Artradis To Launch Convertible Asian Bond Fund

    October 21, 2008

    Singapore-based Artradis Fund Management announced plans to raise USD500 million for a new Asian convertible bond fund, Reuters reports.

  • China Life CIO To Head CITIC PE Firm

    October 21, 2008

    China Life CIO Liu Lefei has been named chairman of CITIC Securities’ private equity unit, CITICS Private Equity Funds Management, Reuters reports, citing unnamed sources.

  • La Fayette Introduces Global Macro Fund

    October 21, 2008

    London-based La Fayette Investment Management has introduced a niche hedge fund of funds to invest in global macro strategies, FINalternatives reports.

  • Alchemy Mulls New Fund

    October 21, 2008

    Alchemy Partners is considering launching a second fund to take advantage of distressed debt and special opportunities, Financial Times reports.

  • Ex-Calyon Exec To Launch Cheneavari Fund

    October 21, 2008

    London-based Chenavari Credit Partners is preparing its first hedge fund, with a target launch in a few months at USD75 – USD100 million, FINalternatives reports.

  • LatAm PE Commitments Drop

    October 21, 2008

    Private equity investors commitments to Latin America dropped to USD1.7 billion during the first half of 2008, down from USD2.3 billion in H107, AltAssets reports, citing Venture Equity Latin America’s 2008 mid-year report.

  • Aquiline Capital Adds Internal Advisor

    October 21, 2008

    New York-based private equity house Aquiline Capital Partners has tapped Mitchell Caplan to serve as an executive advisor.

  • Ex-Bonanza Analyst Settles With SEC

    October 21, 2008

    Former Bonanza Master Fund Analyst Brian Ladin has settled with the Securities and Exchange Commission after being accused of illegal trading while at the Dallas hedge fund in 2004.

  • Capstone Taps Ex-Lehman PM In Asia

    October 21, 2008

    Dustin Sugasa, former portfolio manager for Lehman Brothers, has joined Capstone Investment Advisors to manage its latest fund in Singapore.

  • FRM Targets $1B For Seeding Biz

    October 21, 2008

    FRM Capital Advisors, the hedge fund seeding business of Financial Risk Management, wants to grow its portfolio to $750 million-$1 billion by the end of next year.

  • Startup Eyes Second Loan Fund Close

    October 21, 2008

    London’s Beechbrook Capital will begin fundraising for its European leveraged loan mezzanine fund in the new year with a view to holding a second close by the summer.

  • ADM To Launch Maculus VI Next Year

    October 21, 2008

    ADM Capital will launch another version of its Maculus stressed and distressed asset strategy in the first half of next year.

  • Citadel To Expand Client Trading Biz

    October 20, 2008

    Citadel Investment Group has brought on Rohit D’Souza in a step to expand the firm’s reach into agency trading.

  • Weiss Considers SPAC Fund

    October 20, 2008

    Andrew Weiss, president and CIO of the $950 million Boston firm Weiss Asset Management, is considering launching a fund focused on special purpose acquisition companies (SPACs).

  • Macquarie Goodman Fund Tops USD300M

    October 20, 2008

    The Goodman Group has raised HK$2.7 billion (USD346 million) in equity and debt capital for the unlisted real estate-focused Macquarie Goodman Hong Kong Logistics Fund FinanceAsia reports.

  • India’s Reliance To Introduce PE Fund Early

    October 20, 2008

    The Reliance ADA Group announced plans to launch its new private equity fund early, introducing it with up to USD400- USD500 million in January, instead of up to USD1 billion in March, Business Standard reports.

  • Millennium Closes EM Fund

    October 20, 2008

    London-based Millennium Global Investments is reportedly liquidating a hedge fund that acquires emerging market debt after lenders pull credit, Bloomberg reports, citing two unnamed people familiar with the situation.

  • Ashmore Special Situations Fund Returns 38%

    October 20, 2008

    Emerging markets asset manager Ashmore Investment Management has wound up its first Global Special Situations Fund and announced an annualized return of 38% over the five years ended June 30.

  • BlackBerry Partners Fund Launches Financing Plan

    October 20, 2008

    The USD150 million BlackBerry Partners Fund has launched its Jump Start Financing Initiative that offer entrepreneurs up to $250,000 to foster the development of smartphone applications.

  • Aberdeen Eyeing Finland Assets

    October 20, 2008

    Aberdeen Property Investors is eyeing further opportunities in Finnish real estate following the purchase of a prime logistics building close to the Helsinki-Vantaa airport.

  • Ashmore Drops Equity Exposure In Multi-Strat

    October 20, 2008

    Emerging markets firm Ashmore Investment Management has taken equity exposure in its multi-strategy fund down to zero, reflecting the firm’s bearish outlook.

  • New Loan/Distressed Strats To Fill Funding Gap

    October 20, 2008

    Asia’s hedge fund industry should see several loan and distressed debt fund additions over the next several months, as companies in Asia find it increasingly hard to get financing from shell-shocked banks and funds step in to fill the void.

  • Blackstone Plots Strategy Shifts

    October 20, 2008

    Blackstone Alternative Asset Management plans to change allocations in its fund of hedge funds and create a managed account to buy up leveraged loans.

  • Absolute Capital To Close Two More Funds After Investor Redemptions

    October 17, 2008

    Hedge fund manager Absolute Capital Management, which has struggled to recover from the abrupt exit of CIO Florian Homm last September and the subsequent discovery that many of his investments were in hard-to-value US micro-stocks, will have less than EUR100 million in assets after the lock-up of four funds ends at the end of this month, HedgeWeek reports.

  • Millennium Hires Gelband To Lead Fixed Income Business

    October 17, 2008

    New York-based hedge fund firm Millennium Management has recruited Michael Gelband, formerly global head of capital markets at Lehman Brothers, to manage its global fixed income business, HedgeWeek reports.

  • Barakett Bros. Lose Hedge Magic

    October 17, 2008

    The hedge-fund world's high-flying Barakett brothers aren't having a good year, the New York Post reports.

  • Hedge Funds May Cut 10,000 Jobs, Options Group Says

    October 17, 2008

    Hedge funds may cut as many as 10,000 jobs this year as they struggle with their biggest losses in almost two decades, according to estimates by executive search firm Options Group, Bloomberg writes.

  • Tiger MD Sets Up New Shop

    October 17, 2008

    Michael Hodge, former managing director at Julian Robertson’s Tiger Management, has formed Hilliard Street Capital and will launch its maiden hedge fund, a global long/short equity strategy, Jan. 1.

  • AIN Data Commentary, Oct. 17, 2008

    October 17, 2008

    Like the hedge fund industry in general, the convertible arbitrage strategy is not having a good year.

  • "Going forward, we believe that hedge funds will continue to produce the uncorrelated returns that they always have. The plumbing is not broken."

    October 16, 2008

    --Jaeson Dubrovay, head of hedge fund consulting at NEPC, on why he is advising clients to move ahead with fund of funds searches, albeit cautiously.

  • Alternatives Manager Search Directory

    October 16, 2008

  • Mandate Scoreboard

    October 16, 2008

  • Fixed-income Hedge Funds

    October 16, 2008


 

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