Stories

  • HSBC Unit Sees Market-Neutral Uptick

    November 26, 2008

    Halbis, the investment management arm of HSBC, is seeing more interest in its three equity long/short funds, due to the fact that they are all run roughly market-neutral.

  • Ventura Charts Alts Forays

    November 26, 2008

    The $2.3 billion Ventura County (Calif.) Employees Retirement Association is tentatively planning searches for maiden investments in funds of hedge funds, infrastructure, currency overlay strategies and private equity next year, pending the results of an asset-liability study.

  • AIN Data Commentary, Nov. 26, 2008

    November 26, 2008

    One of the few strategies that has been able to post positive returns this year is managed futures.

  • Motorola Talks Alts

    November 26, 2008

    Motorola Ltd. U.K. Pension Plan is in the early stages of discussions to introduce alternatives to its £500 million defined benefit scheme’s portfolio in the coming year.

  • Value Partners To Buy Debt

    November 25, 2008

    Value Partners Group announced plans to acquire bonds and other debt unloaded by banks and hedge funds, Bloomberg reports.

  • Polygon To Restore Closed Funds In 2009

    November 25, 2008

    London-based hedge fund manager Polygon Investment Management is planning to reactivate its closed funds next year, Financial News reports.

  • Parkcentral To Liquidate Bond HF

    November 25, 2008

    Parkcentral Capital Management, an investment firm that counts H. Ross Perot as a client, is liquidating a fixed-income hedge fund citing a lack of viability, Bloomberg reports.

  • Treasury Promises USD20B For ABS Lending Facility

    November 25, 2008

    The U.S. Treasury Department announced plans to commit USD20 billion to support a lending facility for the consumer asset backed securities market that the Federal Reserve Bank of New York will create.

  • BlackRock Sheds 10 Staffers

    November 25, 2008

    U.S. asset manager BlackRock has axed 10 positions within its investment team, including four portfolio managers, a source with knowledge of the cuts told Reuters.

  • CAI Hires Senior Advisor

    November 25, 2008

    CAI Capital Management has appointed David Emerson to its team as a senior advisor. He will advise the firm’s portfolio companies and assist CAI in identifying new investment opportunities, mainly in western Canada, Private Equity Online reports.

  • Carlyle Closes CEE Operations

    November 25, 2008

    Carlyle is closing its business in Central and Eastern Europe and its leveraged finance team in Asia, due to the economic slowdown, Reuters reports.

  • Aquiline Hires Investment Pros

    November 25, 2008

    New York private equity firm Aquiline Capital Partners has hired investment professionals Deborah Bernstein and Jason Rotman.

  • Gerken Delays Launch of FoPE

    November 25, 2008

    San Francisco-firm Gerken Capital Associates will delay the launch of its fund of private equity funds by a few months.

  • Atlanta FoF Secures Sizable Commitment

    November 25, 2008

    West Mountain, an Atlanta-based fund of hedge funds firm, has identified a limited partner that will invest $13 million in its West Mountain Partners fund in January, increasing its total assets from $25 million to $38 million.

  • São Paulo Bank Loses FoF Assets, Drops Managers

    November 25, 2008

    Bank Safdié’s Brazil-focused fund of hedge funds, Safdié LatAM Fund, has lost 20% this year through Oct. 31 and has fully redeemed from four managers.

  • Quant Firm Switches Focus To Market Neutral

    November 25, 2008

    San Diego-based Denali Advisors is encouraging its investors to move capital from its struggling large- and mid-cap value strategies into its market-neutral fund.

  • Cambodia Fund Doubles Assets

    November 25, 2008

    In the last month Leopard Asia’s Cambodia fund has nearly doubled its assets to $23 million.

  • Startup Seeks Seeder For Credit Fund

    November 25, 2008

    Valere Capital Partners is looking for a lead investor to seed its Credit Opportunities Fund with $100 million.

  • Danish Firm Chalks Up 20% October Return

    November 25, 2008

    Uttrup Investment Management in Copenhagen returned 20.2% in October with its long/short European equity fund, in part thanks to active risk management.

  • Gargour Readies Distressed Fund

    November 25, 2008

    LNG Capital, the London hedge fund boutique run by Louis Gargour, former director of fixed income at RAB Capital, will launch a distressed fund of undetermined size early next year.

  • AIMA Releases Insider Trading Guidance

    November 25, 2008

    The Alternative Investment Management Association has released fresh ethics guidance for hedge fund firms as the industry comes under greater scrutiny from the Financial Services Authority.

  • GFIA Chief Looks Forward, Sees Opportunity

    November 25, 2008

    The next few months will be extremely challenging for hedge funds and associated businesses. But the ensuing period should be very fertile for both investment returns and new manager formation, said Peter Douglas of Singapore-based asset management and hedge fund research firm GFIA.

  • Abax Global CEO Resigns

    November 24, 2008

    Hong Kong-based Abax Global Capital co-Founder and CEO Chris Hsu has resigned, citing differences of opinion on its future, Reuters reports.

  • JPMorgan India Focuses On PE

    November 24, 2008

    JPMorgan India is focusing on private equity deals, inbound acquisitions and, eventually, capital raisings for domestic banks, its India Investment Banking Head Vedika Bhandarkar told Reuters.

  • 3i Infrastructure Names Non-Exec Director

    November 24, 2008

    Private equity firm 3i Infrastructure has hired Sir John Collins as a non-executive director, effective Jan 1, 2009, Private Equity News reports.

  • CVC Taps HSBC France Chair For Advisor

    November 24, 2008

    Private equity house CVC Capital Partners has appointed Charles-Henri Filippi as a senior advisor, effective immediately.

  • KKR Hires Euro Corp Affairs Director

    November 24, 2008

    Ludo Bammens has been appointed director of European corporate affairs by Kohlberg Kravis Roberts & Co.

  • Thames River Alters Redemption Terms

    November 24, 2008

    U.K. hedge fund manager Thames River Capital is changing the redemption terms on its Hillside Apex hedge fund from monthly to quarterly, Financial News reports.

  • HFs Assist Lehman Liquidation

    November 24, 2008

    Hedge funds managed by GLG, Ramius Capital and Oceanwood Capital Management have been elected to assist PricewaterhouseCoopers liquidate the European business of Lehman Brothers, Financial News reports.

  • Hedge Funds May Sell $200B To Trim Leverage

    November 24, 2008

    Hedge funds have completed about half the selling necessary to raise capital and cut their leverage, with another USD200 billion necessary, Bloomberg reports, citing a Sanford C. Bernstein & Co. survey.

  • Hedgies Slash Fees Amid Redemptions

    November 24, 2008

    Global hedge funds slammed by the credit crisis are keeping options open and entertaining the idea of dropping fees for institutional investors, Reuters reports, citing Watson Wyatt data.

  • Redemptions Near $1T In 2008

    November 24, 2008

    Redemptions from hedge funds and mutual funds are expected to total USD1 trillion by the end of 2008, according to Empirical Research Partners, reports Financial News.

  • Blackstone Cuts Asia Fund Aim

    November 24, 2008

    Blackstone Group has trimmed the size of its planned Asia-focused fund to $200 million from a projected $500 million to $1 billion because of redemptions, The Wall Street Journal reports, citing people familiar with the situation.

  • Quant Fund Likes High-Frequency Biz

    November 24, 2008

    New York-based Horton Point is increasing its exposure to high-frequency algorithms in its multi-strategy flagship Gallery Master Fund.

  • Ibis To Market In Q1

    November 24, 2008

    New York-based Ibis Management will make a marketing push for its flagship hedge fund early next year, either in January or February.

  • Embattled Managers Seen Starting Afresh

    November 24, 2008

    Hedge fund managers plagued by poor performance are seeking new ways to keep their businesses afloat as redemptions and a lack of performance fees threaten to swallow them whole.

  • Iraq Fund Hit As Correlation Increases

    November 24, 2008

    Godvig Capital Management’s Iraq-focused hedge fund, the $22.9 million Babylon Fund, took a beating in October and fell 10.4%, pulling this year’s returns down to -18.8%.

  • Veritas Eyes $500M For Asian Fund

    November 24, 2008

    Veritas Asset Management is seeking to grow assets in its long/short Pan-Asia fund to $500 million from just over $100 million in the next few years.

  • Babson Names Finke CEO

    November 24, 2008

    Springfield, Mass.-based Babson Capital Management has named President Thomas Finke as its new chairman and ceo.

  • Highbridge To Limit Cash Redemptions

    November 24, 2008

    Highbridge Capital Management, its Asia Opportunities Fund stung by redemptions and a convertible bonds sell-off, will cease paying redemptions from the fund entirely in cash.

  • Thurleigh Pitches To Charities

    November 24, 2008

    Absolute return manager Thurleigh Investment Managers is promoting its investment model to charities in order to grow its business.

  • KS Asset Waits For Dust To Settle

    November 24, 2008

    Now that it has registered with Hong Kong’s regulator, KS Asset Management is waiting for conditions to improve before it launches.

  • Ocean Japan Fund Up 7.64% In Oct. On Shorts

    November 24, 2008

    Ocean Asset Management’s Ocean Japan Equity Fund was up 7.64% last month by taking significant short positions as the Japanese equity market worsened.

  • Viet Firms Eye Property Investments

    November 21, 2008

    Two of Vietnam’s biggest investment managers, Indochina Capital and VinaCapital Group, are raising funds to invest in the country’s property market amidst the credit crunch, Bloomberg reports.

  • Barclays Sues Ritchie, Citing Undisclosed Investments

    November 21, 2008

    Barclays Bank has sued hedge fund manager Ritchie Capital Management and Principal Thane Ritchie over allegedly hiding upwards of USD150 million in investments in the collapsed Petters Group Worldwide, Bloomberg reports.

  • Nordic Capital Closes EUR4.3B Fund

    November 21, 2008

    Nordic Capital, a Stockholm-based buyout firm, has closed the largest Nordic Fund, Nordic Capital Fund VII, at EUR4.3 billion, exceeding a €3.7 billion target, Financial News reports.

  • CVC Capital Hires Senior Advisor

    November 21, 2008

    CVC Capital Partners, a Europe and Asia-focused private equity firm, has appointed Charles-Henri Filippi as senior advisor.

  • Axa Offers FoHF To U.K.

    November 21, 2008

    Axa Investment Managers has offered its fund of hedge funds business to U.K. institutional investors, as more funds are looking at alternative investment options, Pension News reports.

  • Duff Capital Suspends Fundraising Plans

    November 21, 2008

    Duff Capital Advisors, owned by Philip N Duff, a former CFO of Morgan Stanley, has put on hold its plans to raise $1.5 billion after firing dozens of its junior employees since the firm’s launch eight months ago, Deal Book reports.

  • Senator Grassley To Reintroduce HF Reg. Law

    November 21, 2008

    The U.S. Senate Finance Committee ranking member, Chuck Grassley, is to reintroduce a legislation which makes it mandatory for hedge funds to register with the Securities and Exchange Commission.

  • Politicians, Hedgies At Odds Over Carried Tax

    November 21, 2008

    Two months shy of President Elect Barack Obama’s inauguration, the hedge fund industry is on rocky ground, reeling from one of the worst months in hedge fund history, and a possible change in taxes that would considerably change profit margins.

  • More Funds Suspend Redemptions

    November 21, 2008

    Artemis Holdings, Asian Credit Hedge Fund, Arcus Investment, and FalcInvest Fund Management have all joined the growing list of hedge funds that are curtailing their investors’ ability to cash out, according to new data from Castle Hall Alternatives.

  • UBS Mulls LatAm PE Fund

    November 21, 2008

    UBS Global Asset Management is considering launching a private equity fund focused on Latin America, according to Steven Jacobs, global head of private equity and infrastructure.

  • Crescendo Preps SPAC Fund

    November 21, 2008

    Eric Rosenfeld's activist Crescendo Partners will launch the SPAC Opportunity Fund in the next few weeks.

  • Cogo Wolf Preps Tailored FoFs

    November 21, 2008

    Fund of hedge funds firm Cogo Wolf Asset Management is working towards launching two separately-managed accounts which will run tailored versions of its fund of funds strategy for one large institution each.

  • AIN Data Commentary, Nov. 21, 2008

    November 21, 2008

    Our calculated composite average RoR for October is 0.12% lower than September.

  • One Year Ago In Alternative Investment News

    November 20, 2008

    Millennium Partners and D.E. Shaw vet Robert Gelfond started MQS Management with Neal Berger and Jason Adler to launch a global macro fund...

  • "In this market, the probabilities are against those that wish to redeem."

    November 20, 2008

    --Anastacia Brooks of Hedgebay on investors' uncertainty over the stability of their hedge fund exposures, which is causing more to sell positions on the secondary market.

  • Alternatives Manager Search Directory

    November 20, 2008

  • Mandate Scoreboard

    November 20, 2008

  • Hedge Fund Strategy Performance - October 2008

    November 20, 2008

  • Fixed-Income Hedge Funds

    November 20, 2008


 

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