Stories

  • Kentucky Approves FoF Allocation

    February 06, 2009

    The $12 billion Kentucky Retirement Systems has decided to carve out a new 5% allocation to funds of hedge funds, according to AIN sister publication Money Management Letter.

  • DIC Names PE Head

    February 05, 2009

    Dubai International Capital, the international investment unit of Dubai Holding, has appointed David Smoot as ceo of private equity.

  • Tosca Freezes Redemptions On Two HFs

    February 05, 2009

    Toscafund Asset Management, a U.K. hedge fund manager, has suspended dealings on two of its hedge funds, Tosca Small Cap and Tosca Asian funds, Financial News reports.

  • M2M Plans $400M Shipping Fund

    February 05, 2009

    M2M Management, a U.K. alternatives manager, is planning a $400 million private equity fund to invest in the distressed shipping sector, Financial News reports.

  • PIMCO To Cut Jobs In Europe

    February 05, 2009

    Bond fund manager, Pacific Investment Management Company, is reducing jobs in the London and Munich offices, Bloomberg reports.

  • Henderson Expands SRI Advisory Committee

    February 05, 2009

    Henderson Global Investors has expanded its sustainable and responsible investment (SRI) team with the appointment of Gwen Ruta.

  • Oaktree, Ryland Form JV

    February 05, 2009

    Los Angeles-based private equity firm Oaktree has joined hands with California’s Ryland Group to acquire and develop residential lots, Private Equity Online reports.

  • Matrix Hires General Partner

    February 05, 2009

    Matrix Partners, a venture capital firm, has hired Josh Hannah as a general partner in its Silicon Valley office, AltAssets reports.

  • Milestone Hires VC Vet As Partner

    February 05, 2009

    Milestone Venture Partners, an early stage venture capital firm, has hired Morgan Rodd Jr., as its fourth general partner, Yahoo Finance reports.

  • Pegasus Names Operating Advisor

    February 05, 2009

    Pegasus Capital Advisors has hired Lincoln Bloomfield as an operating advisor, AltAssets reports.

  • HF To Sell Death Bonds

    February 05, 2009

    Hedge fund Davidson Kempner Capital Management has entered the life settlements market to buy unwanted life insurance policies from wealthy individuals looking for ready cash, Business Week reports.

  • New Fund Launch Assets Drop In 2008

    February 05, 2009

    The 2008 Absolute Return New Funds Survey released in February shows a drop in the number of assets under management for new U.S. hedge funds launches, compared with 2007 and 2006 numbers.

  • PIMCO Adds Global Advantage Strategy Fund

    February 05, 2009

    PIMCO has introduced the PIMCO Global Advantage Strategy Bond Fund with the aim of helping fixed-income investors benefit from opportunities available from economic shifts.

  • GLG Taps Internal Exec For Board Slot

    February 05, 2009

    The board of directors GLG Partners has appointed Pierre Lagrange as a director of the company, effective Feb. 2, 2009.

  • Ex-Citadel Pro Readies L/S Fund

    February 05, 2009

    Susa Fund Management plans to launch the Susa European Equities Fund on March 2.

  • Rainmaker Ditches One Swiss Firm For Another

    February 05, 2009

    Rick Pearson has joined Signina Capital in Zurich as an investment manager, bringing with him a junior trader and a $78 million account from Arsago Group in Hurden.

  • Aladdin Adds Senior Sales, Trading Execs

    February 05, 2009

    Stamford-based Aladdin Capital Holdings has hired John Carroll as global head of securitized product trading and David Attisani to run broker dealer sales and marketing.

  • Ex-Morgan Stanley Pro Opens L/S Shop

    February 05, 2009

    Karim Mawji, who ran a book on one of Morgan Stanley’s prop trading desks, has formed Dentonia Park Capital Management in New York and will launch managed accounts in the next two-to-four weeks.

  • Scandium To Shutter FoF

    February 05, 2009

    Scandium Asset Management in Copenhagen is preparing to close down its multi-strategy fund of hedge funds and return assets to investors.

  • Siguler Preps BRIC, Distressed Funds

    February 04, 2009

    Fund of funds manager Siguler Guff is raising capital for two new funds, PEHub reports, citing regulatory filings and sources close to the firm.

  • French PE Firm Names COO

    February 04, 2009

    Activa Capital, a French mid-market private equity firm, has hired Jean-Hugues Verdu as its new chief operating officer, AltAssets reports.

  • Natixis Unit Launches Two Funds

    February 04, 2009

    Natixis Global Associates has launched two hedged equity funds, Reuters reports.

  • IAM Launches $100M Trading Fund

    February 04, 2009

    International Asset Management, a fund of hedge funds firm, has launched the $100 million IAM Trading Fund, FINalternatives reports.

  • AbCap Rebrands Fund Unit

    February 04, 2009

    Absolute Capital Management, is reorganizing its fund management business under a subsidiary named Xanthus Asset Management, Financial News reports.

  • Deephaven To Spin Off Euro Fund

    February 04, 2009

    Deephaven Capital Management, currently unwinding its 14-year operations, is to spin off its London-based Deephaven European Event Fund, The New York Times reports.

  • BBVA To Shut FoF Biz

    February 04, 2009

    BBVA, a hedge fund pioneer in Spain, is close to shuttering its fund of hedge funds division, Altitude Investments, Citywire reports.

  • AIMA: EC Should Evaluate Hedges Funds Globally

    February 04, 2009

    The Alternative Investment Management Association responded to the European Commission’s consultation paper on hedge funds and urged for a global response to the current crisis.

  • Galleon Names Asia Head

    February 04, 2009

    Alternative asset manager Galleon Group has appointed Frank Wong chairman of Galleon Asia, effective immediately.

  • Navigation Capital Hires Analyst

    February 04, 2009

    Navigation Capital Partners, an Atlanta-based mid-market private equity firm, has hired Philip Ruppel as an analyst, AltAssets reports.

  • KKR Seeks Alternative Opportunities

    February 04, 2009

    Private equity giant Kohlberg Kravis Roberts & Co. is seeking alternative investment opportunities to buyouts while it weathers the credit crisis, Reuters reports.

  • BlackRock Introduces New Alts Fund

    February 04, 2009

    BlackRock has launched a pooled alternatives fund for institutional investors, including pension schemes and charities, Professional Pensions reports.

  • Apollo To Raise Debt Focus

    February 04, 2009

    Apollo Management will go on a debt-buying spree for the next two years as buyout deals become scarce due to lack of financing, Reuters reports.

  • TPG Terminates Stake Sale Talks

    February 04, 2009

    TPG has terminated talks to sell a part of its stake to Kuwait Investment Authority and two California state pension funds, Financial Times reports.

  • Physicists Launching Long-Planned Quant Fund

    February 04, 2009

    Boston-based PhaseCapital is preparing to launch its first fund by the end of March, after spending more than three-and-a-half years developing its physics-based quantitative model.

  • Former Director Finds Seat At SAC

    February 04, 2009

    Michael Cook, previously managing director and head of quantitative research at AG Asset Management, has taken a desk at Steven Cohen’s SAC Capital Advisors.

  • Managers Admit To Fee Power Shift

    February 04, 2009

    The balance of power between hedge funds and investors, once heavily weighted toward managers, has started to shift, hedge fund managers admitted at the National Association of College and University Business Officers’ 2009 Endowment Management Conference.

  • FoF Specialist Leaves Safra Family Office

    February 04, 2009

    Mark Raskopf has left his role as managing director at Safra Bank’s family office, M. Safra & Co., where he headed up all hedge fund research.

  • Rhicon Focuses On Short-Term Trades

    February 04, 2009

    London’s Rhicon Currency Management is focusing its flagship currency hedge fund, the $465 million Rhicon Strategic Program, on technical and opportunistic trades held for less than a week.

  • Kanetsu To Liquidate Funds

    February 03, 2009

    Kanetsu Asset Management Co. will liquidate its hedge funds, including Japan’s best performer of 2008, Bloomberg reports.

  • Tholons Invests In VC House

    February 03, 2009

    Investment advisory firm Tholons Capital has invested in Global Gateway Venture Capital (G2VC), a venture capital fund based in the U.S. and Philippines, VCCircle reports.

  • IVG Closes €248M EuroSelect Fund

    February 03, 2009

    IVG Funds has completed the placing of a closed-end real estate fund, Europe Real Estate reports.

  • Henderson Fund Buys €125M Outlet

    February 03, 2009

    Henderson Global Investors’ European Outlet Mall Fund has bought the Barberino designer outlet village in Florence, Italy for €125 million, for phase one, Property Week reports.

  • Advent Adds To CEE Team

    February 03, 2009

    Global private equity firm, Advent International, has hired Peter Nachtnebel to its Prague office, AltAssets reports.

  • Baobab To Launch $500M HF

    February 03, 2009

    Baobab Asset Management is planning to launch its Natural Resources Fund on March 1, FINalternatives reports.

  • U.K. Property Fund To Raise £300M

    February 03, 2009

    Brockton Capital is planning to raise between £250 - £300 million of equity for its second fund to be invested in U.K. distressed commercial property, Private Equity News reports.

  • JWM Mulls Fund Launch

    February 03, 2009

    London-based hedge fund manager John Meriwether is reportedly working with his partners at JWM Partners on a new fund launch, a senior official at the company told The Wall Street Journal.

  • Providence Buys Debt In TMT Sector

    February 03, 2009

    Providence Equity Partners is bullish on investing in telecom, media and technology sectors, Private Equity News reports.

  • Forsyth Launches $100M Fund

    February 03, 2009

    Forsyth Capital Investors, a St. Louis-based investment firm, has launched a $100 million fund, Private Equity Wire reports.

  • Morgan Stanley Alts Unit Adds Two

    February 03, 2009

    Carolijn ter Haar and David Boyle have joined Morgan Stanley Alternative Investment Partners as portfolio managers, Pensions & Investments reports.

  • Nadel To Face Charges In Gotham

    February 03, 2009

    A U.S. court ordered jailed Florida hedge fund manager Arthur Nadel to go New York to face charges that he swindled investors out of hundreds of millions of dollars, Reuters reports.

  • Paulson The Bull?

    February 03, 2009

    John Paulson sees plenty of opportunities in the coming year. And not just with companies crashing and burning.

  • Mother Earth Bullish On Agriculture, Coffee

    February 03, 2009

    After a year that saw its commodities fund up 15.51%, New York-based Juno Mother Earth Asset Management expects agriculture, gold and coffee to outperform in 2009.

  • Proposed Bill Could Spell Trouble

    February 03, 2009

    The Hedge Fund Transparency Act, introduced last week by Senators Carl Levin (D-Michigan) and Charles Grassley (R-Iowa), would prove more troublesome than meets the eye for managers and investors alike, Mitch Nichter, a partner in the investment management practice at Paul Hastings, told AIN.

  • Frey’s Firm To Make PE Hires

    February 03, 2009

    Rainer-Marc Frey’s Swiss alternatives shop, Horizon21, is seeking two investment pros to join its private equity unit.

  • IAM Launches Trading FoF

    February 03, 2009

    International Asset Management has launched the IAM Trading Fund, which allocates to 10-15 commodity trading advisors.

  • Ex-Calpers CIO, Harcourt Team For Launch

    February 02, 2009

    Nuveen Alternative Investments plans to roll out a fund aimed at smaller pension plans.

  • ADCB Commits $188M To Infrastructure

    February 02, 2009

    The ADCB Macquarie Infrastructure Fund (AMIF) will invest $188 million investment to gain exposure to government-commissioned infrastructure projects in the United Arab Emirates, Trade Arabia reports.

  • Indian Property Giant Looks To PE

    February 02, 2009

    India real estate giant DLF aims to raise 20-25 billion rupees ($408 - $510 million) from private equity investments in its property trust this quarter, Reuters reports, citing Vice Chairman Rajiv Singh.

  • China Equity Chief To Invest In Kiwis

    February 02, 2009

    Chinese venture capital giant and China Equity Chairman and CEO Chaoyong Wang told the New Zealand Herald he did not have any business interests in New Zealand yet but the firm plans to start a private equity agriculture fund.

  • Vision Capital Raises €680M

    February 02, 2009

    Vision Capital, a private equity firm, has raised €680 million for a fund it launched in March last year, Financial Times reports.

  • New Star Mulls Fund Takeover

    February 02, 2009

    New Star Asset Management is recommending a takeover offer from rival fund manager, Henderson, for two pence per share, The Scotsman reports.

  • RAB To Unload Asia Biz

    February 02, 2009

    RAB Capital has agreed to unload Northwest, its Asia-focused investment business, back to its founding principals for £1 million, The Times of London reports.

  • Bridge Advisors Names President

    February 02, 2009

    Alternative investment advisor Bridge Advisors has hired industry veteran Robert Bernard to be its president, FINalternatives reports.

  • Phoenix Names Legal Chief

    February 02, 2009

    Phoenix Fund Services, a hedge fund administrator, has hired Michael Brennan as its chief legal counsel, FINalternatives reports.

  • J C Flowers Seeks Bank Deals

    February 02, 2009

    Christopher Flowers, who runs New York-based private equity firm, J C Flowers & Co., is looking for more government-aided deals to acquire failing banks or businesses being sold by large financial institutions and companies, Reuters reports.

  • Maxam Sues Auditors Over Madoff

    February 02, 2009

    Hedge fund Maxam Absolute Return Fund has filed a lawsuit against auditors Goldstein Golub Kessler and McGladrey & Pullen to recover investors’ losses sustained through investments held by Bernard L. Madoff Investment Securities, Reuters reports.

  • Half Of U.S. Hedge Funds Registered

    February 02, 2009

    Hedge Fund Research released the results of a study on the number of hedge funds registered with U.S. regulator, the Securities & Exchange Commission, revealing that more than half are registered.

  • India-Focused Fund Sees IT, Pharma Rising

    February 02, 2009

    Despite many India-focused funds getting slammed last year, Anu Sahai, founder of Anew Capital Management, sees plenty of good opportunities in India.

  • Swiss Regulator Drops Extra Rules

    February 02, 2009

    The Swiss Financial Market Supervisory Authority (FINMA) has announced the abolition of the Swiss Finish, a set of rules imposed on managers passporting funds into Switzerland, which imposed further compliance restrictions on top of the Ucits requirements.

  • Martin Currie Seeks Sales Head

    February 02, 2009

    Martin Currie plans to add a head of sales.

  • Benson Elliot Closes Second Fund

    February 02, 2009

    Benson Elliot Capital Management, a London-based private equity real estate firm, has closed its second pan-European fund at EUR510 million.

  • AKAMAI Fund Up 1.86% in Jan. After Slow Start

    February 02, 2009

    Geomatrix’s AKAMAI Pan-Asia strategy returned 1.86% in January after losing 1.28% through Jan. 9.

  • Emerging Market Funds Beat All Other Strats

    February 02, 2009

    They may have lost money in 2008, but emerging market hedge funds were the best performing strategies of 2008 at -36.8%, in aggregate.

  • Centurion Plots Longevity Swap

    February 02, 2009

    London-based Centurion Fund Managers is planning to execute its fourth longevity swap in March.

  • Ex-Merrill Advisor Leads Japan Fund To 18%

    January 30, 2009

    Atsuko Tsuchiya, the Japanese hedge fund adviser who abandoned Merrill Lynch to start her own firm, led the Atom Japan Equity Fund to an 18% return in 2008, trumping most rivals, Bloomberg reports.

  • Ex-Arch Partner Launches New Firm

    January 30, 2009

    Stephen Decani, a former senior partner at alternative investor, Arch Financial Products, has set up Newscape Capital Group, an investment manager and client advisory service, Financial News reports.

  • Oaktree May Buy McCarthy & Stone

    January 30, 2009

    Oaktree, the U.S. buyout fund, may acquire the debt laden U.K. retirement homebuilder, McCarthy & Stone, Financial Times reports.

  • ICAP Hires HF Metals Trader

    January 30, 2009

    ICAP has hired Keith Wildie, a hedge fund manager from commodities hedge fund firm, Lentikia Capital, to expand its new base metal broking business, Finalternatives reports.

  • Arch Places Three Funds Online

    January 30, 2009

    Arch Financial Products and its retail distribution partner, cru Investment Management, have initialed three absolute return funds onto the U.K. online investment platform, Fidelity FundsNetwork, Private Equity Wire reports.

  • German Firm Starts Second VC Fund

    January 30, 2009

    BonVenture, a German venture capital firm, has launched its second investment fund, AltAssets reports.

  • PruFin Hires Vets For Euro Mezz Fund

    January 30, 2009

    Prudential Financial has appointed Andrew Radkiewicz and Andrew Macland to manage a new fund investing in mezzanine debt in Europe, Financial News reports.

  • 3i Promotes Infrastructure Exec To MP

    January 30, 2009

    Private equity house 3i has promoted Cressida Hogg to managing partner of infrastructure, effective immediately.

  • Senators Bid To Regulate Hedge Funds

    January 30, 2009

    Hedge funds would be forced to register with federal securities regulators under the Hedge Fund Transparency Act introduced in the U.S. senate by Michigan Democrat, Carl Levin, and Iowa Republican, Charles Grassley, Bloomberg reports.

  • Hudson Clean Energy Hires Three

    January 30, 2009

    Hudson Clean Energy, a private equity firm promoted by Goldman Sachs veteran Neil Auerbach, is expanding its North American business and has added three more executives to its portfolio company, Element Power, Private Equity News reports.

  • TPG Pulls Out Of AIG Unit Auction

    January 30, 2009

    Private equity firm TPG Capital has withdrawn from the auction for American International Group’s aircraft leasing unit, International Lease Finance Corp., Reuters reports.

  • BerchWood Hires Investment Vet

    January 30, 2009

    Private equity placement agent BerchWood Partners has appointed Charles Bartz as a partner, Private Equity Wire reports.

  • Fortress To Raise $80M

    January 30, 2009

    New York-based fund manager Fortress Investment Group is raising $80 million to pay off loans used to buy its stake in Gagfah and put cash into two other real estate investments, Bloomberg reports.

  • Welsh Carson Hires Senior Exec

    January 30, 2009

    U.S. buyout firm Welsh, Carson, Anderson and Stowe has hired Randy Dobbs as a senior executive, Financial News reports.

  • Blackstreet Raises $91M For Fund

    January 30, 2009

    Private equity firm Blackstreet Capital Management has reported a first closing of $91 million on Blackstreet Capital Partners II, AltAssets reports.

  • Africa Fund Gets Entrepreneur’s Backing

    January 30, 2009

    Insparo Asset Management has received financial backing from HBD Venture Capital, the venture capital company set up by South African software entrepreneur Mark Shuttleworth.

  • Research Firm Grows In HK

    January 30, 2009

    Japaninvest Group has hired a researcher and a salesman to lead its Hong Kong office operating under its Ji Asia Research subsidiary.

  • AIN Data Commentary, Jan. 30, 2009

    January 30, 2009

    Today we take a look at quarterly returns for the second half of 2008.

  • Aureos Plans New Healthcare Fund

    January 30, 2009

    Mauritius private equity firm Aureos Capital will unveil a new fund in the next few months.

  • Martin Currie Adds Sweeteners

    January 30, 2009

    Edinburgh ‘big boutique’ Martin Currie is lowering its investment minimum to $250,000 from $1 million and reducing its redemption notice period from 90 to 30 days.

  • Pentium Plots Fund Consolidation

    January 30, 2009

    Swiss alternatives firm Pentium Fund plans to merge its three strategies into one fund.

  • One Year Ago In Alternative Investment News

    January 29, 2009

    Collateralized loan obligation shop MJX Asset Management prepared to roll out its first hedge fund...

  • "The age of secrecy and mysterious men--it's gone."

    January 29, 2009

    --Vicente Zaragoza, founder of Pentium Fund, on his loss of faith in hedge funds.

  • Alternatives Manager Search Directory

    January 29, 2009

  • Mandate Scoreboard

    January 29, 2009

  • Multi-strategy Hedge Funds

    January 29, 2009


 

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