Stories

  • Mercer, Callan Zero In On Alts Coverage

    February 20, 2009

    The merger of Mercer’s U.S. investment consulting business with Callan Associates will see its newly-formed 62-person research group focus more on alternatives.

  • Ex-Nomura Credit Chief Mints Fund

    February 20, 2009

    Yap Chin Yee, former head of structured credit markets Asia for Nomura in Hong Kong, has set up his own hedge fund called Gemini Capital.

  • African Rainbow Starts Africa Index

    February 19, 2009

    African Rainbow Consulting has compiled an index ranking of each of Africa’s 53 nations according to investment potential, Hedge Funds Review reports.

  • Singapore Govt. Fund Down $33B

    February 19, 2009

    The Government of Singapore Investment Corp. realized an investment loss of roughly 50 billion Singapore dollars (USD33 billion) in 2008 because of drops in global asset prices, two people familiar with the situation told The Wall Street Journal.

  • 3i To Sell Infastructure Subsidiary Stake

    February 19, 2009

    Private equity firm 3i plans to unload at least 6.8% of its holding in 3i Infrastructure through the sale of 55 million shares in the two-year-old company, AltAssets reports.

  • Gresham London Chief Retires

    February 19, 2009

    Gresham Private Equity’s London head has retired from the firm, Financial News reports.

  • German HF May Lose Two Board Members

    February 19, 2009

    Two board members of Frankfurt-based Wermuth Asset Management’s Greater Europe fund are planning to exit the hedge fund board, The Financial Times reports.

  • Danske PE Raises €600M For Fund

    February 19, 2009

    Danske Private Equity has achieved its €600 million target for Private Equity Partners IV on its second closing, expected to be held by June 2009, AltAssets reports.

  • Candover To Shrink €3B Fund

    February 19, 2009

    Private equity group Candover is planning to return part of the €3 billion it raised from investors for its latest buyout fund, Financial Times reports.

  • Oaktree Capital Eyes Countrywide

    February 19, 2009

    Distressed debt hedge fund firm Oaktree Capital is negotiating to take control of Countrywide, the U.K.’s largest residential estate agency, Financial Times reports.

  • Blackstone To Raise $2B For Fund

    February 19, 2009

    Private equity firm, Blackstone Group, is planning to raise about $2 billion for infrastructure investments, Bloomberg reports.

  • Jones & Co Launches Multi-Strategy HF

    February 19, 2009

    Reno-based Jones & Co has floated a new multi-strategy hedge fund to boost its portfolio’s returns, FINalternatives reports.

  • Marlin Equity Hires Operating Partner

    February 19, 2009

    Marlin Equity Partners has appointed Jim Brady as an operating partner, focusing on the healthcare, IT and services sector, Pehub reports.

  • WI Harper Boosts Team

    February 19, 2009

    San Francisco-based WI Harper Group, a technology-focused venture capital firm, has made five appointments, AltAssets reports.

  • Managers React To Capital Call Resistance

    February 19, 2009

    As investors in private equity firms resist capital calls due to tough economic times and tight liquidity, firm managers are faced with deciding how to react--are they to enforce punishments laid out in fund agreements to the fullest extent, or are they to be lenient on potential future sources of capital?

  • Harcourt Names Fritz CEO In Rejig

    February 19, 2009

    Stephan Fritz, head of research at Harcourt Investment Consulting, will take up the reins as ceo from Mar. 1.

  • Equity Salesman Exits Deutsche Bank

    February 19, 2009

    Joe Compton, a director in equity derivative sales to hedge funds at Deutsche Bank in New York, left the bank on Tuesday.

  • Japan Fund Optimistic Despite Jan. Drawdown

    February 19, 2009

    Tokyo-based Moon Light Capital’s socially-responsible hedge fund dropped 9.52% in January, but Portfolio Manager Naoko Takemura has a positive outlook for the coming months.

  • Penjing Bonuses, Performance Fees Shrink

    February 18, 2009

    Hong Kong-based hedge fund of funds manager Penjing Asset Management said it might not get performance fees until next year and income drops might impact bonuses too, Bloomberg reports.

  • 3i Drops Gatwick Bid

    February 18, 2009

    3i Infrastructure has dropped its bid to purchase U.K.’s Gatwick airport due to funding problems, AltAssets reports.

  • EEA Names Hobson New CEO

    February 18, 2009

    Environmental and alternative investment group EEA has appointed John Hobson to the newly created role of CEO, Citywire reports.

  • Siemens VC Raises $100M For Fund

    February 18, 2009

    Siemens Venture Capital has raised half of the targeted $200 million for Siemens Global Innovation Partners I fund, Financial Times reports.

  • Silverfleet Hires Terra Firm Analyst

    February 18, 2009

    Silverfleet Capital, a mid-market private equity firm, has appointed Klaus Maurer as an executive to its Munich team, Financial News reports.

  • Endeavour To Shut Flagship Fund

    February 18, 2009

    Endeavour, a $3 billion London hedge fund, is close to shutting its flagship fund as Barclays has withdrawn from a rescue move planned earlier, Financial Times reports.

  • Ex-News Anchor’s SAC Stay Short Lived

    February 18, 2009

    Ex-CNBC news anchor Ron Insana is expected to leave hedge fund SAC Capital after six months, on Feb. 27, a person briefed on the matter told The New York Times blog DealBook.

  • Brazilian Bank Falls Victim To Madoff

    February 18, 2009

    Customers of one of Brazil’s largest banks, Banco Safra, are the latest victims that suffered losses in the Madoff securities fraud, Financial Times reports.

  • Bain Capital Mulls Fee Waiver

    February 18, 2009

    Bain Capital is planning to temporarily give up management fees for its investors in its private equity funds, Reuters reports.

  • Ross Eyes U.S. Toxic Fund

    February 18, 2009

    Wilbur Ross is planning to invest in the U.S. government’s private-public investment fund, which will acquire banks’ troubled assets, Reuters reports.

  • Arboretum Raises $73M For VC Fund

    February 18, 2009

    Arboretum Ventures, an early stage venture capital firm, has raised $73 million for its second fund, three times more than its previous fund, AltAssets reports.

  • Gerken Plans March Closing For FoPE

    February 18, 2009

    San Francisco-based emerging markets firm Gerken Capital Associates is aiming for a March 31 first close of its fund of private equity funds.

  • Falcone Mulls New Distressed Fund

    February 18, 2009

    Philip Falcone's Harbinger Capital is believed to be considering a new global distressed fund, following losses from its main fund.

  • SYW Plots Low-Vol Fund

    February 18, 2009

    SYW Capital is planning to launch a low-volatility version of its flagship long/short equity SYW LP fund at the end of the second quarter as a way to attract more capital.

  • Blackstone/Nieman Venture Hits Roadblock

    February 18, 2009

    The Blackstone Group has deferred seeding star manager Aaron Nieman’s new hedge fund.

  • IVP Sees Increased Deal Flow

    February 18, 2009

    Venture capital firm Institutional Venture Partners has seen its deal pipeline overflow in the first quarter as valuations are coming down quickly, and General Partner Todd Chaffee said the firm plans to deploy all $400 million of its remaining capital in IVP 12 by the end of 2010.

  • Omni Makes Sterling/Yen Play

    February 18, 2009

    London-based Omni Partners has added a short sterling/yen volatility play to its $33 million Omni Macro Fund.

  • LNG High-Yield Fund Overhauls Portfolio

    February 18, 2009

    Louis Gargour’s LNG Capital is cutting a number of positions in its LNG Zenith High Yield Bond Fund as its managers take a pessimistic view of the markets.

  • London Firm Unveils Distressed Art Fund

    February 18, 2009

    The Fine Art Fund Group in London is putting together the first pooled fund specifically designed to take advantage of distressed artworks, which are being sold at reduced prices as a direct result of the credit crunch.

  • Galena Hires Morgan Stanley Oil Pro

    February 18, 2009

    Galena Asset Management, a subsidiary of commodities house Trafigura Group, has hired Claude Lixi from Morgan Stanley to run its planned oil derivatives fund.

  • RMF Tightens Process Post-Madoff

    February 17, 2009

    RMF, a unit of hedge fund firm, Man Group, has tightened its investment procedures after taking a $360 million hit from the Bernard Madoff fraud, Reuters reports.

  • Troika Shifts HF Biz To Moscow

    February 17, 2009

    Troika Dialog, the Russian investment bank, has shifted its hedge fund business from London to Moscow following the departure of its CEO, Stephen Cohen, last year, Financial News reports.

  • Unigestion HF Head Quits

    February 17, 2009

    Konstantinos Iordanidis has quit as head of Unigestion’s hedge fund division, within five months of joining, Financial News reports.

  • French PE Firm Names Partner, Managers

    February 17, 2009

    21 Centrale Partners, a French private equity firm, has hired Jacques Rossignol as a new partner, AltAssets reports.

  • BNP Paribas, Northern Lights Tie Up

    February 17, 2009

    BNP Paribas Investment Partners (BNPP) is forging an alliance with Northern Lights Ventures, a U.S. private equity firm, Financial Times reports.

  • KKR Fund Adopts 1/10 Fee Model

    February 17, 2009

    Kohlberg Kravis Roberts, the U.S. buyout firm, has adopted a competitive fee structure on its infrastructure fund, slashing management fees to 1% and 10% in carry, the profit on investments, Financial News reports.

  • Carlyle To Raise $3B For Bank Assets

    February 17, 2009

    Carlyle Group is planning to raise $3 billion to invest in financial assets, $1 billion of which has already been lined up, Reuters reports.

  • UBS Sees Further HF Assets Drop

    February 17, 2009

    The collective assets of global hedge funds may continue to shrink, Reuters reports, citing Timothy Bell, global head of hedge funds advisory at UBS Wealth Management.

  • Mercer, Callan To Merge

    February 17, 2009

    Mercer announced that it has inked an agreement to merge its investment consulting business with Callan Associates, a move that will create one of the largest investment consulting businesses in the U.S.

  • Reynolds Joins Northern Lights

    February 17, 2009

    Northern Lights Ventures has named H Reynolds an operating partner, P&I reports.

  • Gerken Hires Ex-CEO

    February 17, 2009

    San Francisco-based emerging markets firm Gerken Capital Associates has hired Eswar Menon, formerly of Denahi Global Investments.

  • Big Investors Seek Managed Future Strats

    February 17, 2009

    While most hedge funds got slammed last year, managed futures strategies were among some of the top performers, and as a result, more institutional money is expected to be allocated to the strategies this year.

  • Trio Exits Citadel

    February 17, 2009

    Citadel Investment Group has lost three London-based equity options traders.

  • BNP Buys Into Boutique

    February 17, 2009

    Northern Lights Ventures has received an initial $10 million commitment from BNP Paribas Investment Partners, with the promise of another $10 million by year-end.

  • Engineering Scheme Weighs PE, Commodities

    February 17, 2009

    Bechtel Pension Plan, the £180 million defined benefit scheme for the engineering and construction company’s U.K. employees, is in the early stages of analysing alternatives.

  • Swedish Firm Gains With Index Short

    February 17, 2009

    CB Asset Management in Stockholm has taken advantage of the downturn in equities to return 13.96% in January with its CB Hedge Europe Fund.

  • Diamond Fund Eyes Institutional Assets

    February 16, 2009

    London startup Codiam Fund, which invests in rare coloured diamonds, is planning to grow its investor base to include institutional investors.

  • IMS Advises Clients On Taping ‘Loophole’

    February 16, 2009

    IMS Consulting in London has been advising its clients on ways to get around an element of the U.K. Financial Services Authority’s Conduct of Business rules.

  • Agriculture Firm Carves Out Ukraine Biz

    February 16, 2009

    Alpcot Agro, a SEK1.4 billion alternatives firm focused on farming, is splitting off its Ukraine business into a separate fund.

  • Penso To Boost Market Analysis, Back Office

    February 16, 2009

    Penso Capital Markets is looking to add to its market analysis and back office departments over the next year, after seeing assets under management grow this year.

  • Orlando Ponders More Alternatives

    February 16, 2009

    The $800 million Orlando Public Employees Retirement System is considering moving into more alternative investment strategies following an asset allocation study.

  • Jacksonville Sets Sights On More Alts

    February 16, 2009

    The $800 million Jacksonville Police & Fire Pension Fund is planning to change its asset allocation, pending state legislature removing some of the fund’s restrictions.

  • Schonfeld Concentrates On Volatility Managers

    February 13, 2009

    New York-based Schonfeld Group’s SB Schonfeld Active Managers fund of hedge funds is investing most of its capital with U.S. equities managers who trade volatility-related strategies.

  • Barclays Product Geared At Aussie Investors

    February 13, 2009

    A new product from Barclay Capital called Australian Dollar Inspire Index is aimed at wholesale investors in Australia seeking other hedging tools, Super Review reports.

  • NewSmith Capital Loses Two

    February 13, 2009

    Jeremy Silewicz, a partner at NewSmith Capital Partners, and Andrew Irving, an operations team member, have left the hedge fund, Thomson IM reports.

  • SocGen Deal Aids GLG

    February 13, 2009

    GLG Partners, the London hedge fund, has escaped breaching covenants on its $570 million debt by negotiating with Société Générale, the French bank, Financial Times reports.

  • Centaurus Cuts Advisory Board

    February 13, 2009

    Kenneth Clarke, former U.K. Chancellor of Exchequer and Jose Maria Aznar, former prime minister of Spain, have both left Centaurus Capital, Financial News reports.

  • Resurgam Capital Launches Debut HF

    February 13, 2009

    Resurgam Capital Management has started its debut hedge fund, which is looking to take advantage of inefficiencies across a diversified range of markets, FINalternatives reports.

  • Barclays To Launch Global Macro Fund

    February 13, 2009

    Barclays Capital is planning to launch the research analysis driven absolute return strategy, or Radar fund, Citywire reports.

  • Citadel To Allow Redemptions Following Freeze

    February 13, 2009

    Kenneth Griffin’s hedge fund, Citadel Investment Group, plans to let clients withdraw money from its two largest funds after freezing them in 2008, Bloomberg reports.

  • KKR Names Client, Partner Group Head

    February 13, 2009

    Kohlberg Kravis Roberts has tapped Suzanne Donohoe as a managing director in its global capital and asset management group and global head of the client and partner group.

  • Apollo Taps New Operating Chief

    February 13, 2009

    Private equity firm Apollo Management has tapped Henry Silverman as chief operating officer, people familiar with the situation told The Wall Street Journal.

  • Redpoint Advises Cost Cuts

    February 13, 2009

    Redpoint Ventures, a venture capital firm, is restricting funding and advising its startups to trim staff by 10%, due to lack of mergers and IPO opportunities, Bloomberg reports.

  • Platinum Equity Eyes GM Unit

    February 13, 2009

    Platinum Equity, a U.S. private equity firm, has lined up to buy General Motors’ Hummer sport utility vehicle, Bloomberg reports.

  • Barclays, Bear Stearns Settle HF Fraud Claims

    February 13, 2009

    Barclays has settled fraud claims against Bear Stearns over losses on a hedge fund that could total $950 million, Financial Times reports.

  • Carlyle Drops Search For Cell Partner

    February 13, 2009

    Carlyle Group has failed to find an additional investor for its Japanese mobile operator, Willcom, Reuters reports.

  • Aerospace Fund Seeks Seeding Partner

    February 13, 2009

    New York-based Patriot Capital Management, a long/short equities fund focused on aerospace and defense, is approaching seeding firms and family offices with the goal of reaching $100 million by year’s end.

  • SocGen Plots U.S. Fund Replicator Rollout

    February 13, 2009

    Société Générale is considering a broader U.S. rollout of Lyxor Asset Management, its Paris-based hedge fund of funds replicator because of an uptick in reverse inquiries from investors with appetite for hedge fund exposure, yet concerns about liquidity.

  • AIN Data Commentary, Feb. 13, 2009

    February 13, 2009

    Back in late 2007, some expected 2008 to be a big year for distressed hedge funds.

  • One Year Ago In Alternative Investment News

    February 13, 2009

    New York-based family office Smith Management sought to grow its India-focused hedge fund to $1 billion by taking external assets for the first time...

  • "It was a herd mentality--at the end of the day they were lured by the bigger [managers], the fancy offices, the cocktail parties."

    February 13, 2009

    --Steve Solmonson, president of Park Place Capital, believes investors are turning to smaller, more nimble managers because of liquidity concerns.

  • Alternatives Manager Search Directory

    February 13, 2009

  • Mandate Scoreboard

    February 13, 2009

  • Global Macro Hedge Funds

    February 13, 2009


 

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