Stories

  • Cadogan Expects Downward Pressure On Fees

    January 23, 2009

    Fund of hedge funds manager Cadogan Management expects the current market environment to force hedge fund management fees down, according to a recent client letter.

  • L.A. Fund Inches Toward Alts Expansion

    January 23, 2009

    The $11.2 billion Los Angeles Fire and Police Pensions is considering carving out an allocation to infrastructure, portable alpha, 130/30 strategies and socially-responsible investing.

  • Cadiz Offers Pan-Africa Hedge Fund

    January 22, 2009

    South African’s Cadiz African Harvest Asset Management has introduced a multi-strategy pan-Africa hedge fund that will invest in equities, currencies, credit, and commodities, FINalternatives reports.

  • China Life Loses CIO To Citic PE

    January 22, 2009

    China Life Insurance CIO Liu Lefei is leaving the firm to become chairman of Citic Securities subsidiary Citic Private Equity Funds Management, Asian Investor reports.

  • Jupiter Preps China Sustainable Growth Firm

    January 22, 2009

    Jupiter plans to a launch a new investment company called Jupiter China Sustainable Growth in March 2009, pending market conditions and approval from the UK Listing Authority.

  • Pinnacle Opens PE Unit, Preps Fund

    January 22, 2009

    Australian asset management firm Pinnacle Investment Management has established a new private equity firm called Pinnacle Private Equity, AltAssets reports.

  • BGI To Stop U.K. HF Push

    January 22, 2009

    Barclays Global Investors may stop efforts to develop an external hedge fund business in the U.K., Reuters reports.

  • Corazon Capital Launches FoHF

    January 22, 2009

    Investment firm Corazon Capital has started a fund to benefit from the circumstances that have led managers of previously closed or hard-to-access hedge funds to offer limited capacity to new investors, HedgeWeek reports.

  • RAB Names New Investment, Risk Chiefs

    January 22, 2009

    RAB Capital has restructured its management team, appointing Charles Kirwan-Taylor as chief investment officer, according to a recent release.

  • Reinet Supports Lehman PE Fund Buyouts

    January 22, 2009

    Reinet Investments announced that subsidiary Reinet Fund and the management team of Lehman Brothers Merchant Banking have inked a deal with the Lehman Brothers bankruptcy estate to buy parts of the LBMB in regards to the management of two private equity funds.

  • SEC Sues Texas Man For HF Fraud

    January 22, 2009

    The U.S. Securities and Exchange Commission has sued a Texas man for allegedly defrauding investors of at least $8.5 million, FINalternatives reports.

  • Ex-Aldus Execs Start PE Firm

    January 22, 2009

    Three former executives of U.S. private equity firm Aldus Equity are planning to start a private equity firm, Reuters reports.

  • Apollo To Raise $500M For HF

    January 22, 2009

    Private equity firm Apollo Management plans to raise about $500 million for a hedge fund trading copper, gold and mining stocks, Bloomberg reports.

  • NY Firm Starts Distressed HF

    January 22, 2009

    New York’s Alden Global Management has started a distressed hedge fund, FINalternatives reports.

  • PE Fund Opens Toronto Office

    January 22, 2009

    Chicago-based private equity fund Wynnchurch Capital has opened an office in Toronto, Ontario, that will be managed by new Managing Director Morty White.

  • Perry Plots Rebound

    January 22, 2009

    Having recorded its first negative year in more than two decades with a 26.8% loss in 2008, Richard Perry's Perry Capital is pinning its hopes of a turnaround on its ability to benefit from defaults, capital structure arbitrage plays, and securitized products.

  • Zurich Startup Rolls Out Credit FoF

    January 22, 2009

    Areca Investment Management has launched its maiden fund of funds—the Areca Value Discovery Fund.

  • Augustus Expects Rates To Stay Low

    January 22, 2009

    Adrian Owens of London’s Augustus Asset Managers is positioning his global macro fund on the basis that market pricing has underestimated how long it will take for things to return to normal.

  • Pengana Eyes Opportunities In Asia

    January 22, 2009

    Pengana Capital has opened an Asia headquarters in Singapore to perform research and work on new products that cater to Asian and global investors.

  • Top Asia Fund Loses Lead Portfolio Manager

    January 22, 2009

    The top-performing hedge fund in Asia in 2008, Pinpoint Asset Management's Rising China fund, saw a $185 million drawdown over the past few weeks after it announced that its lead portfolio manager, Fion Fanghua Ye, and two other staffers would leave.

  • Cantillon Vet Sets Up L/S Shop

    January 22, 2009

    Alicia Tranen, formerly of William von Mueffling's Cantillon Capital Management, has founded Beverly Hills, Calif.-based Boulevard Capital Management.

  • Fery Prepares For Feb. Credit Launch

    January 22, 2009

    Loïc Fery, ex-global head of structured credit at Calyon, is hoping to launch a credit fund early next month at his London startup, Chenavari Credit Partners.

  • Singapore Launches Islamic Bonds

    January 21, 2009

    Singapore has introduced its first Islamic bond program at a value of $134 million, Reuters reports.

  • Goldman Asia Exec Departs For PE Firm

    January 21, 2009

    Kevin Zhang, co-head of Goldman Sachs Group’s Asia special situations group, is leaving to help managed a private equity fund after 15 years with the bank, two people with direct knowledge of the matter told Bloomberg.

  • Indiareit Fund Advisors Aim For $700M

    January 21, 2009

    Indiareit Fund Advisors, a real estate venture capital fund pushed by Piramal group, hopes to raise $700 - $800 million via an offshore fund, a top company official told The Economic Times.

  • Maple Leaf Plans Fee Cut

    January 21, 2009

    The $800 million London hedge fund manager, Maple Leaf Capital, is planning to cut its fees, provided investors back the restructuring of one of its funds, Financial Times reports.

  • GLG Taps Pendragon For Event Driven Team

    January 21, 2009

    GLG Partners has hired Kaveh Sheibani and Julian Harvey Wood, two founding partners of Pendragon Capital, to work on event driven strategies.

  • U.S. VC Investments Slide

    January 21, 2009

    Venture capital investments in U.S. companies have slid to $5.5 billion in the fourth quarter of 2008 from $7.9 billion during the same quarter in 2007, according to a recent data from Dow Jones VentureSource.

  • Onex Raises $2.41B For Fund III

    January 21, 2009

    Onex, a Toronto- and New York-based private equity firm, has completed the latest closing of its Onex Partners III fund at $2.41 billion, AltAssets reports.

  • Hedge Funds Mirror Stocks, Consolidate, In 2008

    January 21, 2009

    Morningstar’s summary of hedge fund performance for the fourth quarter and 2008 shows widespread losses stemming from a variety of factors, including a lack of liquidity, the temporary financial stocks shorting ban, emerging market turmoil and stock market volatility.

  • Investors Pull $152B From Hedgies In 2008

    January 21, 2009

    The hedge fund industry saw investors withdraw $152 billion in capital in the fourth quarter of 2008, according to data from Hedge Fund Research.

  • Japan Fund Dips In December

    January 21, 2009

    Tokyo-based Moon Light Capital’s socially-responsible hedge fund lost 8.59% in December, bringing its return to -11% since launching in May.

  • Corazon Names ‘Elite’ Line-Up

    January 21, 2009

    Corazon Capital has named the 15 top-tier underlying managers that its Argentum fund will allocate to when it rolls out on Jan. 31.

  • Texas CTA Firm Hopes Success Leads To Growth

    January 21, 2009

    Abraham Trading Company, a $310 million managed futures firm in Canadian, Texas, posted a 30% return last year.

  • BlueGold Up 210% in ’08

    January 21, 2009

    While many hedge funds suffered losses last year, Dennis Crema and Pierre Andurand, founders of London hedge fund BlueGold Capital Management, engineered a 210% return for their oil-focused strategy.

  • Wolver Hill Up 6% On Event-Driven, Stat Arb

    January 21, 2009

    Rogers Investment Advisors’ Wolver Hill Japan Multistrategy Fund finished 2008 up 5.94% largely on the strength of event-driven and statistical arbitrage trading strategies.

  • LGT Closes Crown Asia-Pacific PE Fund

    January 20, 2009

    LGT Capital Partners held the final closing of the Crown Asia-Pacific Private Equity fund at $373 million.

  • Blackstone To Launch S. Korea Unit

    January 20, 2009

    Blackstone Group plans to launch a South Korea unit this month to acquire companies and real estate assets for a collective worth of $2 billion, the Maeil Business Newspaper reports.

  • Swiss Firm Launches Biotech Fund

    January 20, 2009

    HS LifeSciences, a Zurich-based business development, finance and strategy consultancy, has launched an investment fund, Private Equity Wire reports.

  • Carlyle Names Euro Fund Head

    January 20, 2009

    Private equity firm Carlyle Group has appointed Ian Jackson to strengthen its European distressed debt and equity team, Bloomberg reports.

  • Permira Hires Senior Advisor

    January 20, 2009

    Private equity firm Permira has appointed Keith Jones, an industry veteran, as senior advisor for its financial services team, Private Equity Online reports.

  • Magnetar Cuts London Staff

    January 20, 2009

    Magnetar Capital, a multi-billion dollar hedge fund, has closed down its London risk arbitrage desk resulting in seven redundancies, Reuters reports.

  • Hedge Fund Lists In Spain

    January 20, 2009

    Nordinvest, Sociedad de Inversión Libre, is the first open-ended fund to list on Spain’s Mercado Alternativo Bursátil.

  • TPG Slashes Financial Services Fund

    January 20, 2009

    TPG Capital, a private equity player specializing in buyouts, is slashing by 25% its $6 billion fund earmarked for investments in financial services companies, PE News reports.

  • Cerberus To Trim Staff

    January 20, 2009

    Private equity firm Cerberus Capital Management plans to cut its 275-strong staff by 10%, Financial Times reports.

  • Hedge Funds See Worst Outflow In ’08

    January 20, 2009

    Hedge fund advisory firm Hennessee Group estimates that 2008 was the worst year for hedge funds, as assets dropped 39% or $782 billion to reach $1.21 trillion.

  • CP2 Stops Currency Hedging

    January 20, 2009

    Infrastructure specialist CP2 has decided to stop currency hedging on its funds and go back to reporting in local currencies.

  • Dutch Shop Seeks Quant Assets

    January 20, 2009

    Amsterdam’s DQS Absolute Return Fund is starting marketing efforts for its multi-strategy quantitative fund.

  • Lyxor, Edhec Index Returns Confirm The Obvious

    January 20, 2009

    Short-biased hedge funds and CTAs came to the fore last year, while convertible arbitrage, fixed-income and distressed managers were among the worst performers, according to data published by Paris-based index providers Lyxor Asset Management and Edhec Business School.

  • Elizabethtown CIO Eyes Credit, Distressed

    January 20, 2009

    Dauphin Capital Partners, the outsourced cio for Elizabethtown College’s endowment, will increase allocations to dislocated credit and distressed strategies this year.

  • Gartmore Prepares For HF Reallocations

    January 20, 2009

    Gartmore Investment Management is seeing an uptick in hedge fund interest from investors looking at reallocating to the asset class later in the year.

  • Value Partners Postpones Bond Fund

    January 20, 2009

    Value Partners has postponed indefinitely the launch of a bond fund due to market conditions.

  • Ex-Deephaven Chief Bhatia Closes In On New Fund

    January 20, 2009

    Sanjiv Bhatia, who left Deephaven Capital Management in August, is closing in on launching a pan-Asia multi-strategy capital structure arbitrage fund.

  • Sun Hung Kai, Paulson Launch Recovery Fund

    January 19, 2009

    Hong Kong-based Sun Hung Kai Financial is seeking investment opportunities within a specific group of distressed global financial companies with the launch of a recovery fund, a scheme open only to professional investors.

  • Ascendas Real Estate Raises $200M Via Sale

    January 19, 2009

    Singapore’s Ascendas Real Estate Investment Trust has raised about S$300 million ($200 million) in new capital by unloading 258 million new units at S$1.16 via a private placement, Reuters reports.

  • U.K. Firm To Raise Energy PE Fund

    January 19, 2009

    U.K. asset manager Impax plans to begin fundraising for a new renewable energy private equity fund, Environmental Finance reports.

  • Nedgroup Closes FoHF

    January 19, 2009

    Nedgroup Investments’ premium portfolio fund of hedge fund is closing with “an orderly distribution of assets” to the remaining investors, Hedge Funds Review reports.

  • European Socialists Seek PE Regulation

    January 19, 2009

    The European Parliament’s top socialists are giving the European Union's executive division until the middle of March to come up with a private equity regulation proposal, Reuters reports.

  • Doughty Hanson Adds Nordic Chief

    January 19, 2009

    Doughty Hanson & Co. Real Estate has expanded its senior investment team with the hiring of Anders Tägt, a new principal and head of its Nordic team based in Stockholm.

  • Kinetic Ventures Names Director

    January 19, 2009

    Venture capital firm Kinetic Ventures has appointed Campbell Lanier as senior director, Atlanta Business Chronicle reports.

  • Gavea Seeks Investment Ops, Mulls Fourth Fund

    January 19, 2009

    Gavea Investimentos is boosting its private equity and thinly-traded shares holdings to balance losses at his flagship fund, Bloomberg reports.

  • Investors Still Keen On PE

    January 19, 2009

    Preqin has carried out a survey of investors’ approaches to private equity during the financial crisis. Of the investors surveyed, 52% intended to maintain their current exposure to private equity and 48% were looking to increase their allocations.

  • Aladdin Capital Axes 15

    January 19, 2009

    Aladdin Capital Holdings has cut 15 jobs in its structured bond business, Reuters reports.

  • New Enterprise Raises $2.5B Fund

    January 19, 2009

    Venture capital firm New Enterprise Associates has raised a $2.5 billion fund, two people familiar with the matter told Bloomberg.

  • Mellon Restructures Sanctuary Funds

    January 19, 2009

    Mellon Global Alternative Investments has restructured its flagship event-driven and relative-value funds of hedge funds to accommodate investors who will stick with the funds and those who want to redeem.

  • Matrix Eyes Managers For New FoFs

    January 19, 2009

    Matrix Money Management is eyeing investments for its two new funds of hedge funds, which will begin investing on March 1.

  • Lunar Capital To Start Fundraising For PE Strat

    January 19, 2009

    Lunar Capital Management will begin fundraising soon for its new private equity fund. Lunar Capital Equity Partners III will invest in companies that address the rural/urban wealth gap through the growth of the consumer class in rural China, and via rural land reform.

  • Nock To Step Back

    January 19, 2009

    Doric Capital's Michael Nock plans to scale back his leadership role and also his stake in the firm.

  • Hedge Funds See Anxiety Over Valuations

    January 19, 2009

    Hedge funds are experiencing high levels of anxiety from investors concerned about the viability of valuations.

  • Blue Skye Eyes Distressed Opportunities

    January 19, 2009

    Blue Skye is looking to make distressed investments this year for its Blue Skye Special Opportunities Fund.

  • AIN Data Commentary, Jan. 16, 2009

    January 16, 2009

    Most of our data sources have posted their returns for December 2008.

  • Aviva Targets £1B With Macro Fund

    January 16, 2009

    Aviva Investors, the asset management arm of the U.K.'s largest insurer with £235 billion under management, has opened up its global macro hedge fund to external investors for the first time.

  • Seer Adds To Analytics, Tech Headcount

    January 16, 2009

    New York-based securitized products hedge fund Seer Capital Management is making three new hires in analytics and technology.

  • Investec Rides On Bond Rallies

    January 16, 2009

    After a rough fall saw Investec Asset Management’s Emerging Market Debt Fund down more than 15% by the end of November, a strong December pushed the fund’s performance back up to -6.98% for the year.

  • Guidance To Launch Commodities FoF

    January 16, 2009

    Chicago-based Guidance Capital Management plans to launch a fund of long/short commodity funds with $100 million by the end of the first quarter.

  • One Year Ago In Alternative Investment News

    January 15, 2009

    Allan Reine, former portfolio manager at SAC Capital Management, joined Trivium Capital Management to lead its healthcare portfolio...

  • "There's a 'size matters' thing going on in hedge funds."

    January 15, 2009

    --Robin Farrell, ceo at ARCH Financial Managers, on the need for new funds to reach critical mass quickly, particularly during difficult markets.

  • Mandate Scoreboard

    January 15, 2009

  • Alternatives Manager Search Directory

    January 15, 2009

  • Funds Of Hedge Funds

    January 15, 2009


 

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