Stories

  • Hedge Fund Admins Bite Separate Account Bullet

    January 30, 2009

    Hedge fund administrators are bracing themselves for an expected wave of new business servicing separate accounts for hedge funds.

  • Swiss Scheme Eyes Alts Increase

    January 30, 2009

    ASGA Pensionskasse, a CHF6.2 billion Swiss pension fund for small- and medium-sized companies, is considering increasing its alternative investments to 6% from 2%.

  • Despite December, Asia Markets Lost 43.2% in ‘08

    January 30, 2009

    Despite closing out the year on a positive note, Asia’s equity markets lost serious ground in 2008.

  • Qatar, Jordan, To Launch $1B Fund

    January 29, 2009

    Jordan and Qatar have agreed to jointly establish a $1 billion Qatari Investment Fund in Jordon, Kuwait News Agency reports.

  • ADIC PE Head Exits

    January 29, 2009

    Abu Dhabi Investment Co.’s head of direct private equity investment team, Robert Wages, has left the group, Financial News reports.

  • Aussie Hedges Lose 18% In 2008

    January 29, 2009

    Australian hedge funds lost 18% in 2008 from a combination of withdrawals and regulatory bans on short-selling shares, Bloomberg reports, citing Australian Fund Monitors.

  • KKR Loses Japan MD

    January 29, 2009

    Kohlberg Kravis Roberts’ Tokyo-based managing Director, Naohiko Kitsuta, has left the firm after less than two years, The Wall Street Journal reports.

  • Unigestion To Start Two FoFs

    January 29, 2009

    Asset manager Unigestion is planning to start two private equity funds of funds, Private Equity Wire reports.

  • 3i CEO Exits

    January 29, 2009

    Private equity firm 3i is losing its CEO, Philip Yea, Financial Times reports.

  • VG Partners Sets Up Montreal Office

    January 29, 2009

    Canadian private equity firm, VG Partners, will open an office in Montreal at the beginning of February, AltAssets reports.

  • Citi PE Head Exits

    January 29, 2009

    Citi Private Equity’s head, John Barber, is leaving the firm, CNN Money reports.

  • CA Firm Raises $505M For VC Fund

    January 29, 2009

    California-based venture capital firm, DCM, is close to raising a $505 million fund, Bloomberg reports.

  • Kohlberg Closes Centerplate Merger

    January 29, 2009

    Kohlberg & Co, the U.S. private equity firm, has completed its merger with Centerplate, AltAssets reports.

  • Revere Capital Adds Two

    January 29, 2009

    Revere Capital Advisors has hired Giles McClelland as head of hedge fund development and Andrew Godfrey as head of manager selection, HedgeWeek reports.

  • Brownstone Abandons Short Bias

    January 29, 2009

    Despite making a healthy return last year by staying net short, New York-based high-yield and distressed manager Brownstone Asset Management is changing its view as 2009 gets underway.

  • MD Sass Plans Two New Funds

    January 29, 2009

    The $6.5 billion MD Sass Investor Services will unveil a direct-lending fund and a long/short strategy within the next couple months.

  • Pentium Flees Hedge Funds

    January 29, 2009

    Pentium Fund, the Swiss alternatives shop, has restructured its natural resources fund so that it no longer invests with hedge fund managers.

  • RBS Preps First Infrastructure Fund

    January 29, 2009

    RBS Asset Management is looking to raise E1 billion for the RBS Infrastructure Fund, the firm's first-ever infrastructure fund.

  • Some Bright Spots Among Mostly Brutal Returns In Asia

    January 29, 2009

    Hong Kong-based Ballingal Investment Advisors had some of 2008’s best-performing funds with its Pacific Macro Fund and its Pacific Fund.

  • Ballingal Funds Among 2008’s Top Performers

    January 29, 2009

    Hong Kong-based Ballingal Investment Advisors had some of 2008’s best-performing funds with its Pacific Macro Fund and its Pacific Fund.

  • Unknown Abaxs Eyes Growth After Stellar 2008

    January 29, 2009

    Abaxs, the firm with the second-best performing Asia-based fund in 2008, is in the processing of raising its first fund open to outside investors.

  • Osmium Readies Unusual Gold Class

    January 29, 2009

    Bermuda boutique Osmium Capital Management will launch a gold share class for its Osmium Special Situations Fund on Feb. 1.

  • Arcapita Seeks Sovereign Backing

    January 28, 2009

    Bahrain-based investment bank Arcapita is looking to raise money from sovereign wealth funds following a drop in credit ratings by Standard & Poor’s, Reuters reports.

  • Oman-India Investment Fund In Works

    January 28, 2009

    Indian Ambassador to the Sultanate of Oman Anil Wadhwa said the Oman-India Joint Investment Fund with a $100 million seed capital is expected to launch in March, reports the Oman Daily Observer.

  • SAC Capital U.K. Staff Reduces By 50%

    January 28, 2009

    More than half of SAC Capital’s London staff has left since the beginning of October, Financial News reports.

  • 3i Lays Off Two Partners

    January 28, 2009

    U.K. private equity firm, 3i, has dismissed two of its Paris-based partners as part of a redundancy program, Financial News reports.

  • Thames River To Close HF

    January 28, 2009

    Thames River Capital is liquidating its hedge fund, badly hit by investor redemptions, FINalternatives reports.

  • Second Fund Manager Sues Touradji

    January 28, 2009

    A second fund manager has sued hedge fund firm Touradji Capital Management, Bloomberg reports.

  • Cozzene AM To Start FoF

    January 28, 2009

    New York’s Cozzene Asset Management is preparing to launch its Harmony Fund 1 next month, FINalternatives reports.

  • Deephaven To Sell Fund Assets

    January 28, 2009

    Hedge fund Deephaven Capital Management has inked a deal to sell the assets of its main fund to rival fund, Stark Investments, according to a Securities and Exchange Commission filing.

  • Babson Adds Wachovia, Commonfund Pros

    January 28, 2009

    Springfield, Mass.-based Babson Capital Management has hired Paul Gehrig from Wachovia and David Acampora from nonprofit organization Commonfund.

  • Caan Seeks VC Investment Manager

    January 28, 2009

    James Caan’s private equity firm, Hamilton Bradshaw, has begun the search for an investment manager to join its venture capital business.

  • Paris Startup Preps Macro Commodities Fund

    January 28, 2009

    Gecko Capital Partners is gearing up to launch the Macro Commodities Fund in April on Harbour Capital Partners’ hedge fund platform.

  • Utah Plays Hardball With Hedge Funds

    January 27, 2009

    The Utah Retirement Systems has proposed that hedge funds' management fees cover operating expenses only, that performance fees are either paid at the end of a lockup period or placed on a deferred schedule, and that managers should meet the transparency needs of every investor.

  • Sovereign Funds Eye AIG Unit

    January 27, 2009

    Sovereign wealth funds in Singapore, China and the Middle East have bid for American International Group’s aircraft leasing unit, Reuters reports.

  • Hedge Funds Could Lose $450B In 2009

    January 27, 2009

    Hedge funds lost more money in 2008 than other year, which may force fund managers to change strategies, cut fees and ease the redemption process, Business Report of South Africa reports.

  • LDC Names Hong Kong Head

    January 27, 2009

    The private equity division of the Lloyds Banking Group, LDC, has opened an office in Hong Kong and named Craig Wilkinson managing director of LDC Hong Kong, AltAssets reports.

  • Austrian Firm To Sell HF In Germany

    January 27, 2009

    Austrian alternative investment firm Salus Alpha has registered the accumulator and distributor share classes of the Salus Alpha Directional Markets fund, for sale in Germany, HedgeWeek reports.

  • EQT Writes Down Fund By Half

    January 27, 2009

    EQT Partners has made one of the largest write-downs of a fund, Financial News reports.

  • Buffett Analyst To Launch Fund

    January 27, 2009

    Ian Jacobs, an analyst handling investment research for Warren Buffett, is planning to start his own fund, Reuters reports.

  • Irving Place COO Exits

    January 27, 2009

    Irving Place Capital Partner and COO Gwyneth Ketterer has left the firm, Private Equity Online reports.

  • Elliott Bought Securities From Dreier

    January 27, 2009

    Hedge fund Elliott Management had purchased securities from Marc Dreier, the New York lawyer jailed for alleged fraud, Bloomberg reports.

  • Forsyth Starts $100M PE Fund

    January 27, 2009

    Missouri-based Forsyth Capital Investors has started a $100 million debut fund, Private Equity Online reports.

  • Paulson Gains $376M On RBS Bets

    January 27, 2009

    U.S. hedge fund Paulson & Co. has made a profit of at least $376.2 million by betting on a decline in the share price of Royal Bank of Scotland (RBS) over the last four months, Financial Times reports.

  • Nadel Operation Appears Ponzi Scheme

    January 27, 2009

    Officials investigating the missing $342 million managed by Arthur Nadel are now referring to the operation as a Ponzi scheme, heraldtribune.com reports.

  • Property Fund Scores With High Quality, Low Leverage

    January 27, 2009

    Sag Harbor Capital Management’s W Financial Fund returned 65 basis points in December and 10.3% in total last year.

  • FrontPoint Partner Heads To Touradji

    January 27, 2009

    Gill Caffray, managing partner and co-founder at Morgan Stanley Investment Management’s hedge fund subsidiary, FrontPoint Partners, is set to join Touradji Capital Management next month.

  • Ex-Derivatives Trader Starts Research Shop

    January 27, 2009

    Rene Levesque, a former equity derivatives trader for RBC Capital Markets, has started Mountjoy Capital, a hedge fund research firm in Ottawa.

  • Lightwater Launches Domestic Fund

    January 27, 2009

    Lightwater Partners, the Toronto firm founded by Man Group alum David Vickerman, has launched an onshore version of its Canada-focused long/short equity fund this month.

  • U.K. Hedgies Defend Their Reputation

    January 27, 2009

    As part of its enquiry into the banking crisis, the U.K.’s House of Commons Treasury Committee this morning took testimony from five hedge fund industry officials on the implications of the hedge fund industry for financial stability.

  • Aavishkaar VC Raises $4M For

    January 26, 2009

    The Aavishkaar India Micro Venture Capital Fund has raised new capital of about $4.7 million via a group of new investors and another capital commitment from an existing investor, bringing total funds under management to $11.3 million, reports VCCircle.

  • Henderson Replaces Fund Manager

    January 26, 2009

    Henderson Global Investors is replacing Mileen Rash, manager of the Henderson UK Opportunities fund, Citywire reports.

  • Gottex Cuts 15-20% Jobs

    January 26, 2009

    Swiss fund manager Gottex is cutting 15-20% jobs, Reuters reports.

  • SW1 Buys Into HF Platform

    January 26, 2009

    SW1 Capital has bought into hedge fund platform, PCE Investors, and is planning to build a controlling interest, Reuters reports.

  • Gartmore Hires Baring’s Alts Head

    January 26, 2009

    Gartmore has hired Paul Graham as head of alternatives to distribute its hedge funds outside the U.K. and Europe, Financial News reports.

  • U.K. Hedge Fund Sector Employs 40K People

    January 26, 2009

    The U.K. hedge fund industry employs an estimated 40,000 people, according to the Alternative Investment Management Association.

  • Hermes Adds Investment Manager

    January 26, 2009

    Hermes Private Equity has appointed Lynsey Register as investment manager.

  • Apollo Raises $14.8B Fund

    January 26, 2009

    Private equity firm, Apollo Management, has completed raising its latest fund in December, Reuters reports.

  • Fortress Fund To Return Cash

    January 26, 2009

    About a month after suspending redemptions in one of its hedge funds, Fortress Investment Group will return cash to investors, The Wall Street Journal reports.

  • Pacific Rock Launches First HF

    January 26, 2009

    San Diego-based Pacific Rock Capital has started its first equity long/short hedge fund, focusing on small and mid-cap stocks, FINalternatives reports.

  • Tremont Halts Rye Operations

    January 26, 2009

    Tremont Capital Management has halted operations of its single-manager hedge fund unit, Rye Investment Management, which put all of its $3.1 billion in assets into a feeder fund managed by Bernard L. Madoff Investment Securities, Pensions & Investments reports.

  • Gerken Signs Partner In Shenzhen

    January 26, 2009

    San Francisco emerging markets hedge fund firm Gerken Capital Associates has signed an agreement with Shenzhen-based China Merchant Securities, which will serve as the GCA Greater China Fund’s on-ground partner.

  • Dalton Grows Distressed Mortgage Fund

    January 26, 2009

    Dalton Investments has bucked the trend of falling fund assets and seen its Dalton Distressed Mortgage Strategy grow to $150 million since launching in late summer with $90 million, thanks to increased investor interest in distressed strategies, Managing Partner Steve Persky told AIN.

  • Florida Fund Markets Distressed Mortgage Strat

    January 26, 2009

    Fort Lauderdale, Fla.-based AmericaVest Capital Management is marketing its maiden fund, AmericaVest Partners, a distressed mortgage fund with $50 million.

  • Prime Brokerage Fees Expected To Plummet

    January 26, 2009

    The fee pool for prime brokerage services is expected to plunge by 30-40%, leaving large brokerages high and dry, a Keefe, Bruyette & Woods research report has found.

  • Big Apple Startup Launches Energy, Resources Fund

    January 26, 2009

    Taum Sauk Capital Management has rolled out the TS World Development Fund on Dec. 1, seeded with a few million dollars of partner money.

  • New Hampshire To Seek Hedge Funds

    January 26, 2009

    The $4.2 billion New Hampshire Retirement System plans to search for two or three single-manager hedge funds this year.

  • Mulvaney Investors Double Their Money

    January 26, 2009

    Mulvaney Capital Management’s systematic financial and commodity futures program was up 5.30% in December, meaning that the fund ended 2008 up 108.87%.

  • Healthcare Fund Seeks New Money

    January 23, 2009

    New York-based SCO Capital Management has opened its hedge fund to outside investors.

  • Abraaj Capital Names Two EDs

    January 23, 2009

    Dubai-based Abraaj Capital, an investment house focused on private equity in the Middle East, North Africa and South Asia, has named two executive directors.

  • PE Firms, Indian IT Cos. Mull Satyam Bid

    January 23, 2009

    Private equity funds including Texas Pacific Group and General Atlantic are looking to join forces with Indian IT companies to purchase Satyam Computer Services, despite possible impending class-action suits and other liabilities, The Economic Times reports.

  • GE Capital Names India President

    January 23, 2009

    GE Capital has appointed Vicky Bindra as president and chief executive officer of its India unit, LiveMint reports.

  • U.K. Firm Closes €150M Fund

    January 23, 2009

    U.K.-based Prime Technology Ventures has achieved its target of €150 million on the final closing of its third fund, AltAssets reports.

  • Italian PE Firm Closes Fund At €340M

    January 23, 2009

    PM & Partners, an Italian mid-market-focused private equity firm, has closed its second fund, AltAssets reports.

  • DB Starts Ucits III Commodity Fund

    January 23, 2009

    Deutsche Bank has started the Ucits III-compliant, DB Platinum Commodity Harvest fund, HedgeWeek reports.

  • Areca Starts Specialized FoHF

    January 23, 2009

    Areca Investment Management has started the Areca Value Discovery Fund, a specialized fund of hedge funds, Hedge Funds Review reports.

  • Auriga HF Hit By $350M Madoff Loss

    January 23, 2009

    Hedge fund Auriga International Advisers has lost more than $350 million invested with Bernard Madoff, The New York Times reports.

  • 3i Expands Healthcare Team

    January 23, 2009

    Private equity house 3i has named John Moore Jr. as lead partner healthcare in North America.

  • Conn. HF Sues Ameriquest

    January 23, 2009

    Connecticut-based hedge-fund Ellington Management Group has sued Ameriquest Mortgage and other ACC Capital Holdings units over soured subprime home loans, Bloomberg reports.

  • Blue Wolf Names MD

    January 23, 2009

    Private equity firm Blue Wolf Capital Management has hired Mike Musuraca as a managing director.

  • Duff Capital Staff Shrinks

    January 23, 2009

    Hedge fund firm Duff Capital Advisors, which launched in 2008 with a focus on helping pension funds, endowments and insurers meet funding obligations, has laid off most of its staff, a person familiar with the matter told Reuters.

  • Old Mutual Launches Currency Fund

    January 23, 2009

    Old Mutual Asset Managers has launched the Old Mutual Currency Fund using a multi-signal quantitative model.

  • GLG Plots Distressed Opportunities Fund

    January 23, 2009

    GLG Partners is in the process of setting up an opportunities fund to take advantage of distress in the current market.

  • Denali Plays It Safe

    January 23, 2009

    Denali Advisors is making a flight to safety, avoiding stocks with cyclical behaviors in favor of those with low variation in earnings, cash flow and volatility.

  • AIN Data Commentary, Jan. 23, 2009

    January 23, 2009

    The last of the 2008 numbers are in and we can declare the winning and losing strategies of the year.

  • London Boutique Sees Demand For L/S Fund

    January 23, 2009

    OMG Capital is seeing an uptick in interest in its OMG Opportunities 2X Fund because of the strategy’s non-directional, trading approach which is particularly suited to volatile markets.

  • One Year Ago In Alternative Investment News

    January 23, 2009

    New Jersey Division of Investment announced plans to deploy $6 billion in private equity, real estate and hedge funds by the summer...

  • "I think some investors are getting irrational."

    January 23, 2009

    --Daniel Fishbane, chief financial officer at M.D. Sass, on investor anxiety about the viability of hedge fund valuations.

  • Mandate Scoreboard

    January 23, 2009

  • Alternatives Manager Search Directory

    January 23, 2009

  • Hedge Fund Strategy Performance - December 2008

    January 23, 2009

  • Gobal Macro Hedge Funds

    January 23, 2009


 

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