Stories

  • AIN Data Commentary, Oct. 31, 2008

    October 31, 2008

    Equity market neutral, global macro, relative value, and short biased. Over the past six months that we have been calculating average strategy returns, these four have deviated from the composite index more than most other strategies.

  • Cuttone Launches Prime Brokerage Services

    October 31, 2008

    Cuttone & Company launched Cuttone Global Prime Solutions (GPS) this week, which includes execution services and prime brokerages services.

  • Nonprofits To Raise HF Allocations Despite Market Woes

    October 31, 2008

    Despite extreme market turmoil, foundations and endowments are expected to increase allocations to hedge funds in the coming months, according to a straw poll taken among attendees at Opal Financial Group’s Endowment and Foundation Conference in Boston earlier this month.

  • Permal Extends Notice Period To 95 Days

    October 31, 2008

    Permal Investment Management has temporarily suspended its 20-day notice for redeeming assets to 95 days.

  • UK Firm To Back Shariah Agriculture Fund

    October 30, 2008

    U.K.-based cru Investment Management announced plans to launch an agriculture-backed shariah fund in the United Arab Emirates and the region, with a focused on commercial agriculture in Africa, Tradearabia News Service reports.

  • Data Explorers Taps Ex-Morgan Staffers

    October 30, 2008

    Benchmarking data provider Data Explorers has tapped two ex-Morgan Stanley executives to join as a specialist sales executive and chief technology officer.

  • Switzerland Next Europe Hedge Fund Hub

    October 30, 2008

    Regulatory changes and a lower standard of living than London has hedgies looking at Switzerland as the next European hedge fund hub, Reuters reports.

  • Ex-Urban Trust Exec Preps PE Fund

    October 30, 2008

    Baseball investor and former Urban Trust Bank executive Dwight Bush is preparing to launch a private equity fund that will invest in underperforming assets the U.S. Treasury is purchasing from banks, The Washington Post reports.

  • SAC, Elliot, Brevan, Greenlight Continue Fundraising

    October 30, 2008

    Steven Cohen, David Einhorn, Paul Singer and Alan Howard are in midst of fundraising despite market woes, Bloomberg reports.

  • Citadel To Close $1B FoF

    October 30, 2008

    Citadel Alternative Asset Management is shutting its $1 billion Fusion hedge fund of funds, a source with knowledge of the firm told Pensions & Investments.

  • Energy Fund Goes Market-Neutral

    October 30, 2008

    After watching its first half profits disappear, Toronto-based Full Cycle Energy Investment Management has shifted to market-neutral in an attempt to ride out the storm.

  • Infra Shop Plots Expansion

    October 30, 2008

    Infrastructure specialist CP2 is seeking further global expansion as the current market turmoil sets the landscape for cheaper valuations.

  • Tech Co. Plans Alts Foray

    October 30, 2008

    Dow Corning Fonds de Pension, the pension scheme for the silicon-based technology specialist in Belgium, is planning to invest in private equity for the first time and re-invest in real estate.

  • Morgan Stanley Prunes Prime Broker Clients

    October 30, 2008

    Morgan Stanley is culling its less profitable prime brokerage clients as it pays more attention to revenue per client relationship.

  • Aladdin Eyes Acquisitions

    October 30, 2008

    Aladdin Capital Holdings in Stamford, Conn., wants to acquire other asset managers, both long-only and hedge fund firms, to expand and diversify its range of offerings.

  • Dutch Multiemployer To Shop For Alts

    October 30, 2008

    Bedrijfstakpensioenfonds Mode-, Interieur-, Tapijt- en Textielindustrie (MITT) is eyeing an increase to its alternatives exposure by investing EUR10 million each in private equity and commodities by the middle of next year.

  • BME Rolls Out Alpha-Focused Strategy

    October 30, 2008

    Atlanta asset manager BME Investment Partners is launching an alpha-centric global tactical asset allocation strategy.

  • Abu Dhabi Investment To Start Equity Funds

    October 29, 2008

    State-owned Abu Dhabi Investment Co. is looking to start equity funds as part of a goal to manage more third-party capital, Bloomberg reports.

  • Darby Closes India PE Fund At $127M

    October 29, 2008

    Franklin Templeton Investments private equity unit Darby Asia Investors has raised $127 million for private equity investments in India from Indian high-net-worth individuals, Asia Finance reports.

  • Aramid Plans Two Film Fund

    October 29, 2008

    Film and TV finance group Aramid Capital Partners has introduced a new entertainment industry fund that hopes to raise GBP250 million (USD390 million), Variety reports.

  • Pechel Closes Third Fund At EUR165M

    October 29, 2008

    French private equity firm Pechel Industries Partenaires has closed its third fund, Pechel Industries III, at EUR165 million, AltAssets reports.

  • Zurmont Madison Adds Investment Director

    October 29, 2008

    Swiss private equity firm Zurmont Madison Management has named Daniel Anliker as an investment director, AltAssets reports.

  • Bridgepoint Closes Fund Above Target

    October 29, 2008

    Private equity firm Bridgepoint has closed its fourth European buyout fund at 20% above its target, Reuters reports, citing a spokesman.

  • Barclays To Auction Nearly $1B In Debt

    October 29, 2008

    Barclays Capital is selling up to $970 million in debt assets to liquidate positions tied to a complex derivatives agreement with Black Diamond Capital Management, people familiar with the situation told Dow Jones Newswire.

  • PE Compensation Rises Amid Credit Crisis

    October 29, 2008

    The eighth annual Private Equity Compensation Report from Glocap Search and Thomson Reuters indicates that despite rocky markets and fewer deals closed, private equity firms have maintained healthy fundraising and compensation has increased.

  • Oak Hill Adds Three To Structured Products

    October 29, 2008

    Oak Hill Advisors has hired Goran Puljic, T.K. Narayan and Scott Snell for its structured products group to focus on credit market opportunities, HedgeWeek reports.

  • Aladdin Names CIO

    October 29, 2008

    Aladdin Capital has named Neal Neilinger vice chairman and cio, FINalternatives reports.

  • Rebus Partners Delays Launch

    October 29, 2008

    Rebus Partners, the collaboration between Morty Schaja, former president of New York’s Baron Capital, and three portfolio managers from Cramer Rosenthal McGlynn, has postponed its initial fund until the markets stabilize.

  • Industry Leans Towards Obama, Braces For Regulation

    October 29, 2008

    Hedge fund managers polled by AIN in the last seven days are generally supporting Barack Obama over John McCain but are concerned that, whoever wins, increased hedge fund regulation is looming.

  • Ilex Readies Long-Only Credit Fund

    October 29, 2008

    London credit hedge fund boutique Ilex Asset Management is gauging investor interest for the Deep Value Credit Fund, which is targeted to launch on Jan. 1 with at least $100 million.

  • LNG To Extend High-Yield Offering

    October 29, 2008

    ABN Amro veteran Alex Vaskevitch has joined Louis Gargour’s LNG Capital so that he can offer exposure to the Zenith Fund¬¬—a high-yield corporate bond strategy—via the London shop’s platform.

  • Deutsch May Form Own Firm

    October 29, 2008

    Todd Deutsch, former partner and star trader at Galleon Group, may start his own hedge fund firm as early as January.

  • StanChart Brings Credit Expert Onboard

    October 29, 2008

    Standard Chartered has hired Stephen Patterson as a director of structured credit sales, a new role at the bank with a focus on hedge funds.

  • London Firm Preps First Abu Dhabi RE Fund

    October 29, 2008

    London-based investment manager Lewis Charles Securities is preparing to launch the first U.K. fund to invest in Abu Dhabi real estate.

  • October HF Returns Deflate, But Not All Grim In Asia

    October 29, 2008

    Few things have been as nervously awaited as October’s hedge fund performance numbers.

  • Sovereign Funds Gain Talent From Credit Crisis

    October 28, 2008

    Sovereign wealth funds in the Middle East and Asia are benefiting the global credit crisis with the hiring of many talented financial executives, Pensions & Investments reports.

  • FRM Seeds European Loan Manager

    October 28, 2008

    The hedge fund seeding unit of Financial Risk Management, FRM Capital Advisors, has inked its firm strategic deal with a European-based firm, Eurohedge reports.

  • BNP Works Toward HF Servicing Group

    October 28, 2008

    BNP Paribas expanded its staff ahead of the creation of a unified hedge fund client servicing group and hired John Polivko to run the new team, FINalternatives reports.

  • RAB Halts Redemptions On Energy Fund

    October 28, 2008

    U.K. alternatives firm RAB Capital is looking to restructure one of its hedge funds and has halted redemptions until the fund recovers, FINalternatives reports.

  • Truffle Capital Names CFO

    October 28, 2008

    French private equity house Truffle Capital has appointed Gwen Chapman chief financial officer.

  • J O Hambro Names Distribution Head

    October 28, 2008

    U.K.-based J O Hambro Investment Management has tapped Charles Bathurst as director and head of fund distribution, FINalternatives reports.

  • Investors Pull USD46B From Morgan Funds

    October 28, 2008

    Morgan Stanley revealed its investors had pulled USD46 billion (GBP30 billion) from its money market funds in September, The Times of London reports.

  • Marathon Rethinks Lagging L/S Strat

    October 28, 2008

    Marathon Asset Management is evaluating the strategy of its long/short global equity hedge fund after disappointing performance, said an official familiar with the firm’s activities.

  • Conn. Shop Touts L/S Multi-Sector Fund

    October 28, 2008

    CAVU Capital Advisors wants to grow its $250 million long/short equity offering past $1 billion over the next few years.

  • SFC Lists Common HF Missteps

    October 28, 2008

    Hong Kong’s Securities and Futures Commission inspected eight smaller local hedge fund managers and found examples of less than optimal organizational structures, misstatements in client letters and out-of-date disclosures.

  • Petercam Lines Up Real Assets

    October 28, 2008

    Belgian asset manager Petercam is making investments for a private equity fund focused on tangible assets—including renewable energy, real estate and shipping—and is considering launching one or more niche funds in this area.

  • FoHF Down 11% YTD

    October 27, 2008

    Funds of hedge funds are down 11% on average, year to date, The New York Times DealBook reports, citing Hedge Fund Research data.

  • Intermediate Capital Closes Asia Pacific Fund

    October 27, 2008

    Intermediate Capital Group has closed its Intermediate Capital Asia Pacific Fund 2008 with support from existing and new investors in Asia and Europe, Private Equity Wire reports.

  • UBS Introduces Market-Neutral Fund

    October 27, 2008

    UBS Global Asset Management has introduced a long/short equity hedge fund called U.S. Fundamental Equity Market Neutral fund, FINalternatives reports.

  • Highbridge Axes 10% Of Staff

    October 27, 2008

    Highbridge Capital has laid off 10% of its staff, or 35 people, a person briefed on the situation told The New York Times DealBook.

  • Desjardins Closes Hedge Fund-Linked Notes

    October 27, 2008

    Canadian financial group Desjardins Group is closing up to CAD4 billion worth of hedge fund-tied products slammed by hedge fund losses, including the principal-protected notes, the Perspectives Plus Guaranteed Investment and Alternative Guaranteed Investment, the Globe and Mail reports.

  • Feds Questions Suits About Citadel, Sankaty Holdings

    October 27, 2008

    Federal Reserve examiners have reportedly questioned Wall Street counterparties about their investments in Citadel Investment Group and Bain Capital unit Sankaty Advisors, The Wall Street Journal reports, citing people familiar with the matter.

  • Balyasny Healthcare Team Departs

    October 27, 2008

    David Maris, Kim Vukhac and Steve Unger have all left Balyasny Asset Management, the Chicago-based hedge fund firm founded by Schonfeld Securities trader Dmitry Balyasny.

  • London Firm Launches Alt Energy Strat

    October 27, 2008

    London-based VCM Fund Management, a hedge fund and seeding firm, has launched the VCM K2 Alternative Energy Segregated Portfolio, a global equity long/short and derivatives fund that invests in companies positively affected by climate change.

  • Inoks Mulls Shariah, SRI Strats

    October 27, 2008

    Inoks Capital may launch two more commodity financing funds which would focus on Shariah-compliant and sustainable investments, respectively.

  • Aquila Touts Market-Neutral Futures Fund

    October 27, 2008

    Hamburg-based Aquila Capital is seeking to grow its EUR70 million Statistical Value Market Neutral Fund, a quantitative offering.

  • Oak Hill Adds Three Lehman Vets

    October 27, 2008

    Oak Hill Advisors has expanded its structured products group with the appointment of three former Lehman Brothers structured credit professionals.

  • Pacific Harbor Fund Up In Q3

    October 27, 2008

    Hong Kong-based Pacific Harbor Group’s Asia fund, a credit and distressed strategy, was up 2.62% in the third quarter, besting the -11.10% return of its benchmark, the JACI Non-Investment Grade Corporate Total Return Index.

  • BNP Paribas Vets Starts Asia Fund Firm

    October 24, 2008

    Lionel Semonin, a former managing director at BNP Paribas’ global commodity investor derivatives group, has teamed up with two former colleagues from BNP to establish Four Elements Capital in Singapore, Reuters reports.

  • Valens Opens Japan Office

    October 24, 2008

    The USD1.6 billion hedge fund manager Valens Capital has opened an Asia office in Tokyo, Japan, AsiaHedge reports.

  • CM Advisors To Issue Two Redemptions

    October 24, 2008

    Investors in CM Advisors listed vehicle CMA Global Hedge PCC are set to receive two separate redemptions of up to 20% of the portfolio based on Dec. 31, 2008, and March 31, 2009 numbers.

  • PE Property Fundraising On Rise

    October 24, 2008

    Private equity real estate fundraising dropped slightly in the last three months, with most investors continuing to search for bargains, Reuters reports, citing Preqin research.

  • Silverfleet Adds U.K. Executive

    October 24, 2008

    European private equity house Silverfleet Capital has hired Johannes Huttunen as an executive on its London investment team, AltAssets reports.

  • Ireland Welcomes Chinese Investors

    October 24, 2008

    Irish and Chinese regulatory authorities inked an agreement that will permit Chinese investors to invest in Ireland-domiciled funds, FINalternatives reports.

  • Galena Adds Sales Head

    October 24, 2008

    Trafigura Group subsidiary Galena Asset Management has tapped David Mimra as its head of sales and marketing, Eurohedge reports.

  • Jayhawk Quits While Ahead With U.S. Fund

    October 24, 2008

    Jayhawk Capital Management has liquidated its U.S.-focused hedge fund anticipating that it will not be able to continue to offer positive returns in the current market, Kansas City Business Journal reports.

  • Citadel Mulls New Approach Amid Closure Rumors

    October 24, 2008

    Chicago-based Citadel Investment Group issued a statement of his financial health following rumors that the hedge fund is in talks with the U.S. Treasury about a capital injection, Reuters reports.

  • Blackstone Plans To Seed Two More Funds

    October 24, 2008

    On the heels of making plans to shift allocations in its fund of hedge funds and create a managed account to buy up leveraged loans (totalalternatives.com, Oct. 20), Blackstone Alternative Asset Management (BAAM) is also preparing to invest in two globally-focused hedge funds through its Blackstone Strategic Alliance Fund, at least one of which will be a long/short equity global hedge fund.

  • Ex-BofA Heads Start New Fund

    October 24, 2008

    Chris Hentemann and Paul Jablansky, former heads of the global structured products group and the structured portfolios group at Banc of America Securities, respectively, have co-founded 400 Capital Management and will launch its maiden fund, a credit multi-strategy fund, in upcoming weeks.

  • London Shop Readies Sharia FoF

    October 24, 2008

    London-based alternatives firm Amiri Capital plans to launch a Shariah-compliant fund of funds within the next quarter.

  • AIN Data Commentary, Oct. 24, 2008

    October 24, 2008

    The numbers are all in for September, and as suspected, they’re not pretty.

  • One Year Ago In Alternative Investment News

    October 23, 2008

    Wamberg Asset Management was preparing to launch the first fund of hedge funds to invest in bank-eligible securities...

  • "There are limited opportunities out there...we basically reached the conclusion it was better not to exist."

    October 23, 2008

    --Ken Lu of APAC Capital, on the reasoning behind liquidating its Greater China Fund.

  • Alternatives Manager Search Directory

    October 23, 2008

  • Mandate Scoreboard

    October 23, 2008

  • Global Macro Hedge Funds

    October 23, 2008

  • Hedge Fund Strategy Performance - September 2008

    October 23, 2008


 

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