Stories

  • New Star Halts Heart Of Africa Fund

    December 11, 2008

    New Star has temporarily halted Jamie Allsopp’s Heart of Africa Fund citing redemptions and stock market interruptions, Citywire reports.

  • Baring To Shutter Two Funds

    December 11, 2008

    Baring Asset Management is planning to close two hedge funds because of the climate and insufficient assets, Financial News reports.

  • BlueBay Introduces Convertible Bond Fund

    December 11, 2008

    BlueBay Asset Management has launched its Global Convertible Bond Fund, which is benchmarked to the UBS Convertible Global Focus Index.

  • Alliance Trust To Shutter HK Office

    December 11, 2008

    Scottish investment firm Alliance Trust will close its Hong Kong office, bringing recent job losses across the business to 40 or 12%, The Scotsman reports.

  • Private Equity Investments To Shrink In 2009

    December 11, 2008

    Two-thirds of private equity investors will have means to make additional fund commitments in December 2009, Super Review reports, citing the Coller Capital global private equity barometer.

  • Ex-Pictet Head To Launch Euro Fund

    December 11, 2008

    The former head of fund selection at Pictet will launch a new fund of funds, MSI Latam Equity Selection, in Europe, Citywire reports.

  • Guggenheim Expands India Presence

    December 11, 2008

    Guggenheim Partners has widened its investment management capabilities into India through a transaction with Thomas Weisel Partners, reports Market Watch.

  • Hedge Funds Losses Shrink In November

    December 11, 2008

    Though hedge funds dropped for the sixth consecutive month in November, losses were 0.4% on average and 40% of reporting funds were in positive territory, according to EurekaHedge.

  • AIN Data Commentary, Dec. 12, 2008

    December 11, 2008

    We are still in the first half of December, which means that only half of our data sources have reported their November returns so far.

  • TfL On Track For Alts Boost

    December 11, 2008

    Transport for London Pension Fund plans to round out its alternatives exposure over the next year.

  • Prime Brokers Prepare For HF Contraction

    December 11, 2008

    The biggest players in prime brokerage are reducing headcounts in part because of balance sheet and funding issues, but also in anticipation of a contraction in the hedge fund industry.

  • PMA Flagship Funds Stay Up In November; Others Down

    December 10, 2008

    PMA Investment Advisors’ flagship funds continue to power though the fourth quarter with positive returns despite continued volatility.

  • NEPC Sours On Portable Alpha

    December 10, 2008

    NEPC, which was one of the first and biggest supporters of portable alpha programs, is considering lowering its return expectations for the strategy for the next five-to-seven years due to market conditions.

  • Mooring To Re-open Funds

    December 10, 2008

    Mooring Financial Corporation is opening its funds to new investments due to increased interest and a rise in opportunities, said spokeswoman Saskia Sidenfaden.

  • Bear Stearns Vet Starts Africa Peace Fund

    December 10, 2008

    Ex-Bear Stearns executive Steven Zoernack has launched a USD176 million multi-strategy hedge fund dubbed the African Peace Fund, which will reinvest 25% of its fees in Africa, FINalternatives reports.

  • Bahrain Firm Buys Stake in TDX

    December 10, 2008

    Bahrain-based investment firm, Investcorp, has paid USD42 million to acquire a 40% stake in the TDX Group, a U.K. debt collection advisor, PEHub reports.

  • NG NZ To Close Two Funds, Mull Other Closings

    December 10, 2008

    ING New Zealand announced it will close its NZD27 million Enhanced Yield Fund and the NZD8 million Credit Opportunities Fund, products in the 90 Day Plus Range.

  • Olympia Hires New VP

    December 10, 2008

    Olympia Capital Management, an independent fund of hedge funds manager, has hired Razvan Petica as senior v.p. for sales and marketing operations in emerging markets, HedgeWeek reports.

  • Zurich PE Closes Fund At CHF250M

    December 10, 2008

    Zurich-based PE firm, Zurmont Madison Management, has completed the sixth and final closing of its new fund, Zurmont Madison Private Equity, on over CHF250 million, higher than the targeted CHF200 million, AltAssets reports.

  • Aladdin Capital To Boost London Team

    December 10, 2008

    Alternative investment manager Aladdin Capital plans to expand its 20-member London staff to about 35 in 2009.

  • AIMA Taps IMF For New Chairman

    December 10, 2008

    The Alternative Investment Management Association has elected Todd Groome as a non-executive chairman, Andrew Baker as chief executive officer, and Florence Lombard as executive director and lead of a new, international advocacy role.

  • Aviva Launches Convertible Bond Fund

    December 10, 2008

    Aviva Investors has launched the Aviva Investors Convertible Bond Opportunity Fund to offer institutional investors income and growth discounts via global convertible bonds available.

  • Ex-Merrill Exec To Launch Fund With Harbour

    December 10, 2008

    Former Merrill Lynch Proprietary Investment Desk Co-Head Mark Devonshire announced plans to launch his new distressed debt fund through Harbour Capital.

  • California VC Floats India Fund

    December 10, 2008

    Mayfield Fund, a California-based VC firm, has formed a USD110 million Mayfield India I fund.

  • Franklin Templeton Starts Frontier Fund

    December 10, 2008

    Franklin Templeton Investments has started Templeton Frontier Markets Fund, the first actively managed, U.S.-registered fund geared at investing in frontier markets.

  • Hedge Funds Lose 2.69% In November

    December 10, 2008

    Hedge fund investor adviser Hennessee Group announced that the Hennessee Hedge Fund Index returned –2.69% in November, bringing its year-to-date performance to -18.44%.

  • Investors Pull USD40B From Hedgies In October

    December 10, 2008

    October continues to prove a down month for hedge funds, as investors pulled about USD40 billion from the alternative asset class, according to data from Hedge Fund Research.

  • Investec Emerging Debt Fund Preps For ‘09

    December 10, 2008

    Investec Asset Management’s Emerging Market Debt Fund is buying up bonds in Mexico, Chile, Brazil and Indonesia, expecting bonds in emerging markets to be the key driver of returns as inflation moderates.

  • Arsago Rebuilds Macro Team

    December 10, 2008

    Arsago Group has boosted its global macro team with the addition of two investment managers.

  • Sprott To Make Market-Neutral Push

    December 10, 2008

    Toronto-based Sprott Asset Management will begin marketing its global market-neutral strategy actively in early 2009, when the fund has achieved a one-year track record.

  • Babson Opens Aussie Office

    December 10, 2008

    Springfield, Mass-based Babson Capital Management has opened a Sydney office and hired Duncan Robertson of Merrill Lynch to run it.

  • Okumus To Shutter All Funds

    December 10, 2008

    Okumus Capital will shut down all four of its funds at year end and will return all money to investors.

  • Citadel Creating New Funds Despite Cuts

    December 09, 2008

    Citadel Investment Group will create new single-strategy funds in the first half of next year, in spite of recent layoffs.

  • Alt Investors, Telecom Unite Over African Deal

    December 09, 2008

    Satellite communications company Intelsat and South African alternative investor group led by Convergence Partners are teaming up for a joint venture that will finance, build and launch a new satellite, Intelsat New Dawn, HedgeCo.net reports.

  • Korea Investment Corp. Adds Alts Team Manager

    December 09, 2008

    The USD20 billion Korea Investment Corporation has tapped Lee Dong-ik to run its private and strategic investments as the head of its alternative investment team, Asian Investor reports.

  • Hong Kong Avoids Sovereign Label, U.S. Equities

    December 09, 2008

    Hong Kong does not plan to invest all of its exchange fund in liquid U.S. assets and is shying away from the sovereign wealth fund label, Central Bank Head Joseph Yam told Central Banking.

  • Tozai To Close Fund Following Losses

    December 09, 2008

    Tokyo-based hedge fund adviser Tozai Investment Advisory is closing up shop after market losses and investor redemptions slashed fund assets nearly nothing from a height of USD70 million, a senior partner told Bloomberg.

  • Ex-Man Staffer Preps Alternatives Fund

    December 09, 2008

    Ex-Man Group executive Michael Herron is teaming up with investment bank Andes Capital Group to start a hedge fund platform focused on alternative energy, commodities and private equity, FINalternatives reports.

  • Mackenzie Introduces New U.S. Equity Fund

    December 09, 2008

    Mackenzie Financial Corporation has launched a new equity fund called Mackenzie Ivy American Class that will invest primarily in high-quality U.S. companies.

  • Och-Ziff Cuts Asia Office

    December 09, 2008

    New York-based hedge-fund manager Och-Ziff Capital Management Group has reportedly cut at least 10 jobs in Asia, including Partner Raaj Shah, two people familiar with the matter told Bloomberg.

  • SK Capital Partners Names New CIO

    December 09, 2008

    SK Capital Partners has appointed a new global investment strategist, Clark Winter, its new chief investment officer.

  • Hedgies Drop For Fifth Straight Month

    December 09, 2008

    Hedge funds fell for the fifth consecutive month, as the Greenwich Global Hedge Fund Index dropped 1.13% in November, and the Greenwich Composite Investable Hedge Fund Index fell 2.05%.

  • Copper River To Liquidate Funds

    December 09, 2008

    Shorting prohibitions largely contributed to the latest hedge fund closing, with California-based Copper River Management reportedly liquidating funds, The Wall Street Journal reports, citing unnamed people familiar with the situation.

  • Real Estate Firm Puts Brakes On Investments

    December 09, 2008

    Orlando-based CNL Lifestyle Properties has slowed its investment pace to conserve cash due to market conditions, even as its properties are performing well in this market.

  • Truston Eyes Asia L/S Strat For ‘09

    December 09, 2008

    Singapore-based Truston Asset Management is working on an Asian long/short equity strategy that isn’t likely to launch until sometime after the second quarter of 2009.

  • Horseman Ups Short Exposure

    December 09, 2008

    Horseman Capital Management is increasing the short exposure of its emerging markets fund as these countries rally, because it anticipates they will fall back down.

  • Olympia Appoints Sales Honcho

    December 09, 2008

    Fund of hedge funds firm Olympia Capital Management has hired Razvan Petica as senior v.p. responsible for sales and marketing in emerging markets.

  • Man Group Cuts Top Positions

    December 09, 2008

    Man Group has cut the positions of Mike Jawor, Glenwood Capital Investments cio, and Simon Irish, Man Global Strategies’ head of manager selection, on the heels of the merger of the two subsidiaries.

  • Temujin Eyes Small Launch To Build Track Record

    December 08, 2008

    Anticipating a difficult fundraising environment well into 2009, Temujin Global Asset Management is likely to launch its Asia-focused multi-strategy fund in January with its own money.

  • Silver Lake Hangs Shingle In Hong Kong

    December 08, 2008

    Private equity firm Silver Lake Partners has secured office space in Hong Kong and an office manager as it prepares to formally announce an expanded presence there.

  • CCMP Asia Raises USD1.2B For Buyout Fund

    December 08, 2008

    Private equity firm CCMP Capital Asia has raised USD1.2 billion for its third buyout fund, Asia Opportunity Fund III, Reuters reports.

  • Caravan Capital Preps Frontier Fund

    December 08, 2008

    Caravan Capital Management plans to introduce a hedge fund that will benefit from growth opportunities in neglected frontier markets, Reuters reports, citing Cliff Quisenberry, managing director of Caravan sister company Investment Frontiers Research.

  • Investors Pull USD40B From Hedgies In October

    December 08, 2008

    October continues to prove a down month for hedge funds, as investors pulled about USD40 billion from the alternative asset class, according to data from Hedge Fund Research.

  • DE Shaw, Farallon Join Ranks Of Suffering Hedgies

    December 08, 2008

    D.E. Shaw & Co. and Farallon Capital Management are the latest funds to freeze redemptions, with the former capping two funds the latter one, Bloomberg reports.

  • Fleckenstein To Close Short Fund, Prep New Fund

    December 08, 2008

    Fleckenstein Capital Founder William Fleckenstein announced plans to close his short-only portfolio via his website, Reuters reports.

  • Citadel To Axe Asia Ops

    December 08, 2008

    U.S. hedge fund giant Citadel Investment Group is bailing on its Asia operations amid cost-cutting measures, with plans to close its Tokyo office and Asia principal investment operations by the year’s end, Reuters reports, citing a company spokeswoman.

  • Toronto Fund Hurt By Small Caps

    December 08, 2008

    Turbulent markets have taken a toll on Toronto-based Venator Capital Management, as its Venator Founders Fund was down 12.9% in November and 23.6% this year.

  • Closed-End Shift Expected To Increase Activism

    December 08, 2008

    Market conditions have caused retail investors to flee closed-end funds and thus paved the way for institutional investors to get their way through increased shareholder activism.

  • Ex-Andor Partners Resurface To Start L/S Fund

    December 08, 2008

    Lei Qiu and Seth Ostrie, former general partners at Dan Benton's defunct Andor Capital Management, have formed New York-based Phidias Capital Management.

  • Music Fund Looks To Double Assets

    December 08, 2008

    First State Media Group has reopened its $130 million FS Media Works Fund I until March 31 and wants to double its assets. The fund buys music copyrights.

  • EIP Launches Second Fund In HK

    December 05, 2008

    Enhanced Investment Products has introduced its second hedge fund, EIP Aleph Fund, with a USD200 million target, Asian Investor reports.

  • Skandia’s Multi-Funds Closes To New Biz

    December 05, 2008

    Skandia is shutting its MultiFunds platform to new business starting in 2009 as part of its plan to restructure, but it will allow top-ups to existing investments on the platform, Citywire.co.uk reports.

  • SGAM Merges Five Bond Funds

    December 05, 2008

    Société Générale Asset Management has merged five bond funds into two products to streamline its fixed interest range, Citywire.co.uk reports.

  • Laven Hires Ex-FSA Enforcement Director

    December 05, 2008

    Investment management consultancy Laven Partners has hired Kevin Quinlan as a director, reports HedgeWeek.

  • U.K. Property Firm Collapses

    December 05, 2008

    British real estate investment firm Active Asset Investment Management has collapsed after its European investments dropped in value, Private Equity Real Estate reports.

  • Centaurus To Close USD1.2B Fund

    December 05, 2008

    Centaurus Capital has failed to get investor’s approval to restructure its USD1.2 billion Centaurus Alpha Fund and is now forced to repay most investors, The Financial Times reports.

  • Close Brothers Spins Off PE Unit

    December 05, 2008

    U.K. mid-market private equity house Close Brothers Private Equity has spun off from Close Brothers Group and is now operating independently, AltAssets reports.

  • EBRD, Kazakhstan State Fund To Start Fund

    December 05, 2008

    The European Bank for Reconstruction and Development and Kazakhstan’s sovereign wealth fund SamrukKazyna have agreed to establish the Kazakhstan Growth Fund in 2009.

  • Goldman Sachs Liquidity Partners Down 55%

    December 05, 2008

    Goldman Sachs’s plan to benefit from the credit market seems to have gone awry as its Goldman Sachs Liquidity Partners strategy is down 55.3% through Oct. 31, Financial Times reports, citing a letter to investors.

  • Fortress Halts Drawbridge Fund Redemptions

    December 05, 2008

    Fortress Investment Group has halted redemptions on its largest hedge fund and three feeder funds, Investment News reports, citing a filing with the Securities and Exchange Commission.

  • Citadel Fund Drops 13% In November

    December 05, 2008

    Citadel Investment Group's Kensington/Wellington hedge fund was down 13% in November, but other firm funds are up this year, a person familiar with the situation told Dow Jones Newswires.

  • AlphaTran Cuts Net Exposure In L/S Fund

    December 05, 2008

    London start-up AlphaTran Capital is cutting net exposure in its global long/short equity fund.

  • AIN Data Commentary, Dec. 5, 2008

    December 05, 2008

    As of the end of October, the emerging markets strategy has the worst year-to-date RoR of the 19 hedge fund strategies that we monitor.

  • Art Services Fund Strikes A Pose

    December 05, 2008

    IndexAtlas Capital Management has suspended the operations of its nascent Art Industry Fund and returned all but $8 million to investors.

  • "If you make 80% do you really need to make 160% with double volatility? No."

    December 05, 2008

    --Emil Van Essen, president at Abacus Fund Management, on his worries about increasingly high volatility in the firm's CTA strategy.

  • Funds Of Funds Hedge Funds

    December 05, 2008

  • Alternatives Manager Search Directory

    December 05, 2008

  • Mandate Scoreboard

    December 05, 2008


 

Planning for a high-income year due to 457A income? Download this short paper to find out more about the opportunity to reduce tax liability and have significant charitable impact..

Click here for more details.


Latest Poll

Will a Trump presidency be good for hedge funds?

 - 17%
 - 83%

View previous results