Stories

  • EIP Overlay Ends Year Up 17%

    January 16, 2009

    Enhanced Investment Products’ Overlay Fund, an Asia-ex Japan market-neutral arbitrage strategy, returned 17.31% in 2008 and is up 44.18% going back two years.

  • UAE AM Taps Equity Analyst

    January 15, 2009

    National Bank of Abu Dhabi’s Asset Management Group in United Arab Emirates has appointed Ali Soner Guney as a senior equity analyst, Zawya reports.

  • Japan Bond Fund Sticks To Currency Bet

    January 15, 2009

    Asia’s biggest bond fund, Kokusai Global Sovereign Open Fund, is keeping with the strategy that led to losses last year, its worst performance since 1999, Bloomberg reports.

  • Aditya Birla Commits $100M To PE Fund

    January 15, 2009

    Aditya Birla Private Equity, the private equity division of Indian holding company Aditya Birla Group, has committed $100 million to its recently launched Aditya Birla Private Equity Fund, which it hopes will reach $250 million, Yahoo Finance reports

  • Taylor Young Names Fund Manager

    January 15, 2009

    Taylor Young Investment Management has named Christopher Buxton as manager of the CF Taylor Young Growth and Income fund, Fund Strategy reports.

  • Cazenove Expands Multi-Manager Range

    January 15, 2009

    Cazenove Capital Management has added two funds to its range of multi-manager funds for Marcus Brookes and Robin McDonald, Citywire.co.uk reports.

  • HF Managers To Cut Fees

    January 15, 2009

    The market is witnessing a mismatch between the expectations of asset managers and pension funds on the issue of trading liquidity for lower fees, bfinance reports.

  • HF Manager Exits Polar Capital

    January 15, 2009

    Polar Capital hedge fund manager Julian Barnett has resigned, Reuters reports.

  • NY Buyout Firm Raises $775M

    January 15, 2009

    Buyout firm Tailwind Capital has closed its debut fund at $775 million, Pehub reports.

  • Diversified Global Hires MD

    January 15, 2009

    Diversified Global Asset Management has hired Todd Groome as a managing director, effective Feb. 1.

  • Barclays Downgrades U.S. AMs

    January 15, 2009

    Barclays Capital has downgraded four U.S. asset managers due to declining assets under management and worsening market conditions, Reuters reports.

  • Investors Pulled $150B From HFs

    January 15, 2009

    Investors withdrew around $150 billion from hedge funds last month despite dozens of funds halting or suspending redemptions, Financial Times reports, citing research from TrimTabs Investment Research and Barclay Hedge.

  • SEC Sues Blackstone Exec

    January 15, 2009

    The U.S. Securities and Exchange Commission has sued a managing director at Blackstone Group, Reuters reports.

  • Merger Arb Fares Best Among DJ Indexes

    January 15, 2009

    Merger arbitrage fared the best among the Dow Jones Indexes in the final month of 2008, gaining 1.09% and closing the year down 7.73%.

  • Man Restructures Core Managers

    January 15, 2009

    Investment manager Man Investments has closed down its private equity specialist division Man ECO and merged hedge fund managers Glenwood and Man Global Strategies.

  • UBP Delays Distressed Launch

    January 15, 2009

    Swiss private bank Union Bancaire Privée has delayed the launch of its fund of private equity funds.

  • Would-Be HFs Remain In Incubation

    January 15, 2009

    Former hedge fund pros are trading their own money, waiting for either the next new lucrative position or--if trading goes well--to receive allocations to launch their incubated strategies as funds.

  • Bucephalus Fund Finishes ‘08 Up 17+%

    January 15, 2009

    Bucephalus Capital Management’s Asia-focused special situations fund has returned an estimated 17+% in 2008 since its May 1 launch.

  • SAIL Planning Credit FOF

    January 15, 2009

    SAIL Advisors in Hong Kong is working on an Asia-focused credit dislocation/recovery fund of funds.

  • Mount Kellett Raises $1.5B

    January 14, 2009

    Private equity firm Mount Kellett Capital Management has raised at least $1.5 billion and is searching for investments, several market sources told Reuters.

  • Merrill Asia Exec Preps PE Fund

    January 14, 2009

    Merrill Lynch Asia Vice Chairman Sheldon Trainor is reportedly working on a new private equity fund, a person familiar with the situation told Dow Jones Newswires.

  • 3i Names Asia Head

    January 14, 2009

    Private equity house 3i has appointed Anil Ahuja as head of Asia, effective immediately.

  • OpenGate Folds With Naxos Capital

    January 14, 2009

    Private equity firm OpenGate Capital has named Robert Lezec as a partner, a move that folds his firm Naxos Capital into OpenGate, Private Equity Online reports.

  • PE Firms Break Industry Code

    January 14, 2009

    The Guidelines Monitoring Group, which monitors compliance with the voluntary industry code on transparency, said less than half the private equity firms who signed the code are complying with it fully, Times Online reports.

  • Swiss Firm Eyes Lehman PE Biz

    January 14, 2009

    Swiss investment firm Reinet Investments is in talks to participate in a buyout of Lehman Brothers Merchant Banking, the private equity business of Lehman Brothers, Bloomberg reports.

  • Candover Names Senior Advisor

    January 14, 2009

    European buyout firm Candover has hired Fredrik Arp as a senior advisor for investments in the Nordic region, AltAssets reports.

  • Aureum Capital Names MD

    January 14, 2009

    Private equity firm Aureum Capital has hired Asier Parra as its managing director, Private Equity Wire reports.

  • Bramdean Restricts Madoff Losses

    January 14, 2009

    Bramdean Alternative investment trust is restricting losses arising from two of its investments hedged in Bernard Madoff funds by writing off their full cost, Financial Times reports.

  • LODH Starts Asian Convertibles Fund

    January 14, 2009

    Lombard Odier Darier and Hentsch has started a fund focused on the Asian convertible bond market, Citywire reports.

  • Liontrust Loses Top Fund Managers

    January 14, 2009

    Liontrust Asset Management’s two top fund managers have resigned, Financial Times reports.

  • FSA Extends Shorting Disclosure Regime

    January 14, 2009

    U.K. regulator, the Financial Services Authority, has confirmed it will extend its disclosure obligation for short selling of stocks in U.K. financial sector companies until June 30 of this year.

  • GAM Adds Private Client Portfolio Manager

    January 14, 2009

    GAM has hired James Lindsay-Fynn as a portfolio manager serving private clients.

  • Crédit Agricole PE Adds Partner

    January 14, 2009

    Crédit Agricole Private Equity has hired Xavier Tassel as partner in the four-strong special situations team led by Arnaud Mauduy.

  • Ex-Lahde Team To Run Cleantech HF

    January 14, 2009

    Ex-Lahde Capital Chief Operating Officer Andy Springer and his operations team have joined hands with Portfolio Manager Pamela Schwab to run Resolve Capital, FINalternatives reports.

  • KKR Director Departs

    January 14, 2009

    Gérard Lamarche, chief financial officer at French energy company GDF Suez, has stepped down from his role as a director on the board of KKR Private Equity, Financial News reports.

  • Borders Group Taps Pershing Partner

    January 14, 2009

    U.S. bookstore chain Borders Group has hired Richard McGuire as a Chairman, Bloomberg reports.

  • KKR Aims At $4B For Infra Fund

    January 14, 2009

    Kohlberg Kravis Roberts is targeting $4 billion for its first infrastructure fund, Private Equity Online reports.

  • Northern Lights Reopens Fund

    January 14, 2009

    Tacoma, Wash.,-based Northern Lights Venture plans to reopen its maiden private equity fund, aiming to triple assets to $150-200 million in the next year.

  • Star Managers Among Double-Digit Losers

    January 14, 2009

    Many hedge funds' 2008 numbers are in and, as expected, relatively few ended the year in the black. Big names suffered double-digit losses, including Daniel Och, Stephen Cohen, Kenneth Griffin, James Simons, Daniel Loeb and David Einhorn.

  • ARCH Readies Joint Venture HF Platform

    January 14, 2009

    ARCH Financial Products is teaming up with three other firms to launch a fund of funds with $400 million and a growth target of $1 billion.

  • Carne Opens Cayman Outpost

    January 14, 2009

    Hedge fund consultant Carne Global Financial Services has opened its doors in the Cayman Islands and has hired Peter Heaps to be the sole staffer for now.

  • Startup Circles Distressed Opps

    January 14, 2009

    Hong Kong- and London-based startup mCapital has identified a portfolio of distressed opportunities in Europe and Asia for around half of the money it has already raised for its new fund, set to launch Feb. 23.

  • Glazer Ends Year On A High

    January 14, 2009

    New York-based merger arbitrage firm Glazer Capital Management has ended 2008 on a high note, unlike many of its peers.

  • Scandium Postpones Nordic FoF

    January 14, 2009

    Scandium Asset Management has shelved plans for a fund of hedge funds focused entirely on managers based in the Nordic countries.

  • Temujin To Launch Multistrat Fund In March

    January 14, 2009

    Temujin Global Asset Management will launch its Asia-focused multi-strategy fund March 1.

  • Hindsight Eyeing Long-Only Fund

    January 14, 2009

    Hindsight Investment Management is working on a partnership with an undisclosed institutional fund manager to create a long-only convertible bond fund.

  • Libya SWF To Show Strategy, Open Overseas Offices

    January 13, 2009

    The state-run Libyan Investment Authority will disclose details about its investment strategy in coming months to quell concerns in the U.S. and Europe about its plans, Dow Jones Newswires reports, citing Executive Director Mohamed Layas.

  • Blackstone Credit Hedge Shuts Asia Desk

    January 13, 2009

    GSO Capital Partners, Blackstone Group’s $25 billion credit hedge fund is reportedly closing its Asia investment desk after failing to lure regional investments, sources familiar with the matter told Reuters.

  • ING Mulls U.K. Property Fund

    January 13, 2009

    ING Real Estate is evaluating a low-geared value-add commercial property fund, targeting returns of 12-15% annually, Financial News reports.

  • 3i Faces Liquidity Problems

    January 13, 2009

    3i has rallied around 48% since Christmas on bargain-hunting, Financial Times reports.

  • Apollo Endorses U.K. Guidelines

    January 13, 2009

    Buyout firm Apollo Management and its U.K. portfolio company, Countrywide, will enroll in the U.K.’s transparency guidelines for private equity by year’s end, Financial News reports.

  • SAC Capital Names U.K. CEO

    January 13, 2009

    Hedge fund SAC Capital has hired Drew Lubin as the chief executive officer for its U.K. unit, Financial News reports.

  • Partners’ Fund To Hold Final Close

    January 13, 2009

    Swiss alternative asset manager Partners Group will hold a €2.5 billion final close on its latest secondaries fund, Financial News reports.

  • Gartmore Launches Euro Fund

    January 13, 2009

    Gartmore Investment Management is readying the launch of its £200 million European Absolute Return Fund, shelved three months ago due to market volatility and a ban on shorting financial stocks , Financial News reports.

  • GAM To Launch Delphic Fund

    January 13, 2009

    Swiss bank Julius Baer’s hedge fund arm, GAM, is launching an equity long/short fund with considerable seed capital, FINalternatives reports.

  • BlackRock To Start Euro Fund

    January 13, 2009

    BlackRock is ready to start a European version of Mark Lyttleton’s successful U.K. absolute alpha fund, Citywire reports.

  • GFX Creates $1B Alt Energy Portfolio

    January 13, 2009

    GFX Alternatives, a New York-based firm, has formed a $1 billion multi-manager investment portfolio for the alternative energy sector, FINalternatives reports.

  • PIMCO Launches New Benchmark Index

    January 13, 2009

    PIMCO is launching a new fixed income benchmark called PIMCO Global AdvantageBond Index aimed at better snagging investment opportunities.

  • Red Dot Delays Launch

    January 13, 2009

    Red Dot Investment Strategies has delayed launching its incubated hedge fund until the end of April, citing the “extraordinary circumstances” of the fall.

  • Geomatrix Fund Starts ’09 On Down Note

    January 13, 2009

    Geomatrix’s Akamai Pan-Asia strategy is in the red by -1.28% this year through Jan. 9, after recording a -0.51% return last month and -0.20% in November.

  • Apollo Gets CLO Guru

    January 13, 2009

    Collateralized loan obligation expert Joe Moroney has resurfaced at Apollo Management.

  • Horizon21 Staggers To ’08 Resources Loss

    January 13, 2009

    Horizon21’s fund of commodity funds, H21 Resources, made a small loss of 22 basis points in December and fell 23.63% for the year.

  • Merlin Launches Intra-Day P&L Reporting

    January 13, 2009

    Prime brokerage firm Merlin Securities has added intra-day reporting to its profit-and-loss reporting capabilities.

  • Scottish Shop Pushes European L/S Fund

    January 13, 2009

    Edinburgh boutique SVM Asset Management is stepping up the marketing efforts for its SVM Highlander Fund on the back of strong performance last year.

  • Abu Dhabi Investment Names Property Head

    January 12, 2009

    The Abu Dhabi Investment Authority has hired Bill Schwab as global head of real estate, effective immediately.

  • Third Ballas Fund Brings AUM To $600M

    January 12, 2009

    India-dedicated private equity fund NYLIM Jacob Ballas India Fund III has raised $440 million for its third fund, with investors including New York Life Investment Management and Jacob Ballas Capital India investors, VCCircle reports.

  • Balderton Raises $430M For New Fund

    January 12, 2009

    European venture capital firm Balderton Capital has raised $430 million in the first closing for its new fund, the firm’s fourth fund.

  • Deutsche Credit Head To Start Fund

    January 12, 2009

    The co-head of Deutsche Bank’s global credit trading is departing to start his own hedge fund, Reuters reports, citing the German bank.

  • Grant Launches New HF

    January 12, 2009

    Geoff Grant, co-founder of collapsed hedge fund Peloton Partners, has launched another fund called Grant Capital Partners, Financial Times reports.

  • Madoff Leads To GMB Capital Closing

    January 12, 2009

    Boston-based hedge fund firm GMB Capital Management is winding down a fund that lost more than $50 million on bad bets that included investing with Bernard Madoff, sources familiar with the matter told Reuters.

  • Morgan Stanley Alt Hires PE Exec

    January 12, 2009

    Morgan Stanley Alternative Investment Partners has hired Christophe Nicolas as executive director in the private equity fund of funds group, according to an internal memo from Cory Pulfrey and John Wolak.

  • Investors Sue Fairfield Greenwich

    January 12, 2009

    Walter Noel’s hedge fund firm Fairfield Greenwich Group that had $7.5 billion invested in Bernard Madoff’s schemes has been sued again by investors for failing to heed warning signals and protect assets, Bloomberg reports.

  • Mackenzie HF Takes Hit From Madoff

    January 12, 2009

    Canadian investors who put their money in Mackenzie Alternative Strategies, a fund of hedge funds run by U.S.-based Tremont Capital Management, are the latest victims of Bernard Madoff’s alleged Ponzi scheme, The Globe and Mail reports.

  • Harbinger Limits Withdrawals

    January 12, 2009

    Philip Falcone-led hedge fund Harbinger Capital has limited investor withdrawals as its main fund ended the year down by 27.1%, losing all its profits, Financial Times reports.

  • Cole Launches Transparent FoF

    January 12, 2009

    On March 1, Chicago-based Cole Partners Asset Management will launch a fund of hedge funds focused solely on commodities futures managers.

  • Greylock Zeros In On First Close

    January 12, 2009

    New York-based Greylock Capital Management will soon hold a first closing for its Greylock Africa Opportunity Fund.

  • Former BlueGold Partner Founds Singapore Firm

    January 12, 2009

    Julian Reis, co-founder and managing partner of BlueGold Capital Management, has formed CastleBay Capital Management in Singapore and launched the CastleBay Flagship Fund, an Asian macro strategy.

  • Vodafone To Make Alts Call

    January 12, 2009

    Vodafone Group Pension Scheme (U.K.) might make its first move into alternatives this year.

  • Japan Fund Targets $300M

    January 12, 2009

    PCE Investors wants to grow assets in the Kuromatsu Fund, a Japan-focused hedge fund that sits on its platform, to $200 million from roughly $100 million this year, at which point it would soft close.

  • Market Neutral Strat Delays QPAM Registration

    January 12, 2009

    Harpswell Capital Management has postponed plans to turn its energy-focused market neutral strategy into a qualified pension asset manager (QPAM) until at least middle of this year.

  • Griffin Eyes New Strats, Talent

    January 12, 2009

    Griffin Capital Management is considering launching new funds, perhaps by hiring external managers or teams.

  • Majedie Unveils L/S Fund

    January 12, 2009

    London’s Majedie Asset Management has opened the Tortoise Fund to external investors—the long-only boutique’s first hedge fund.

  • PMA Harvester Fund Returns 31.16% in ‘08, Temple Fund 9.94%

    January 12, 2009

    PMA Capital Management’s flagship Harvester Fund finished 2008 up 31.16% and its Temple Fund was up 9.94%.

  • Riley Paterson Dials Up Asset Raising After Healthy ‘08

    January 12, 2009

    Riley Paterson Asset Management is dialing up its asset-raising efforts after posting a 20.69% return in its $20.45 million Asian Opportunities Fund last year.

  • Morgan Stanley Introduces Saudi Equity Fund

    January 09, 2009

    Morgan Stanley has launched the Saudi Equity Fund for Gulf Arab investors, Bloomberg reports.

  • China May Seek Foreign Investments Regs

    January 09, 2009

    China's Ministry of Commerce is considering asking Chinese companies to apply for approval for overseas investments of $100 million or more, according to new draft rules, Reuters reports.

  • TPG Names New Asia EM Chief

    January 09, 2009

    TPG has promoted Senior Partner Stephen Peel to head of the Asia emerging markets operations replacing Dan Carroll, who is transferring back to the U.S., a company spokesman told Bloomberg.

  • Henderson Closes Fund, Loses Exec To Hermes

    January 09, 2009

    London asset manager Henderson Global Investors has closed the activist fund following the departure of its manager, John Havranek, Financial News reports.

  • Henderson Adds Manager For Retail Fund

    January 09, 2009

    Henderson Global Investors has hired Katherine Croom as a portfolio manager for its pan-European retail property fund, HERALD.

  • TCI Founder Leaves, Relinquishes Partnership

    January 09, 2009

    The Children's Investment Fund Founder and Partner Patrick Degorce has left the company, a spokeswoman told Reuters.

  • Quadrangle Head Courted For Auto Govt. Slot

    January 09, 2009

    Quadrangle Group Managing Principal Steve Rattner is reportedly being considered for an auto position in the new administration, The New York Post reports.

  • Lehman To Spinoff PE Unit

    January 09, 2009

    Lehman Brothers has landed a deal to spinoff part of its private equity unit into an independent firm, a person briefed on the matter told The New York Times.

  • Columbia, Vanderbilt Quantify HF Freeze Cost

    January 09, 2009

    A new study from the Vanderbilt Owen Graduate School of Management and Columbia University conjectures that hedge funds’ ability to impose redemption freezes may add an additional cost to investors because of lack of control and liquidity.

  • AIN Data Commentary, Jan. 9, 2008

    January 09, 2009

    Hedge funds have apparently been slow to report their December returns – only three of our sources have posted data for December so far.

  • CNL, Macquarie To Launch Global REIT

    January 09, 2009

    CNL Financial Group has joined forces with Macquarie Group to launch CNL Macquarie Global Growth Trust, an unlisted real estate investment trust with a global focus.

  • Blacksquare Plots Multi-Strat FoF

    January 09, 2009

    London’s Blacksquare Capital is planning to launch a multi-strategy fund of hedge funds in the second quarter with $25-$50 million.

  • Harvest To Launch Vol Arb Fund

    January 09, 2009

    Harvest Volatility Management is preparing to launch a volatility arbitrage fund by the end of Q1, which Founder Rick Selvala expects will grow over time to as much as $1-3 billion.

  • One Year Ago In Alternative Investment News

    January 09, 2009

    Charlie Winkler, former chief operating officer of Amaranth Advisors, joined Hudson Bay Capital Management as coo...

  • "If you're going to start you may as well start when the ocean is against you."

    January 09, 2009

    --Andrew Corn, cio of Beacon Trust Company, makes light of launching a hedge fund amidst market turmoil .

  • Alternatives Manager Search Directory

    January 09, 2009

  • Mandate Scoreboard

    January 09, 2009

  • Hedge Fund Strategy Performance - November 2008

    January 09, 2009

  • Long/short Equity Hedge Funds

    January 09, 2009


 

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