Stories

  • Asia Firm Prepares CTA Fund Of Funds

    February 27, 2009

    Hong Kong-based Ajia Partners is set to launch a new fund of funds on Monday.

  • Singapore’s DBS Starts $100M China Fund

    February 26, 2009

    Singapore-based DBS Bank announced that its private equity unit, DBS Private Equity, has started a $100 million onshore RMB Fund that will invest in unlisted companies in China with potential.

  • UBS Names Group CEO

    February 26, 2009

    The board of directors of UBS has appointed Oswald Grübel as its new group chief executive officer, effective immediately.

  • Renaissance Names PE Chief

    February 26, 2009

    Renaissance Group, a Russian financial services firm, has hired Chris Baxter as the head of its private equity business, Financial News reports.

  • CVC Appoints Senior Adviser

    February 26, 2009

    European private equity major, CVC Capital Partners, is planning to hire Julian Horn-Smith as a senior adviser, The Wall Street Journal reports.

  • Ravenscourt Floats Multi-Strat HF

    February 26, 2009

    Ravenscourt Capital Partners has floated a hedge fund, seeking to explore opportunities in the European credit markets, FINalternatives reports.

  • Gartmore Floats Absolute Return Fund

    February 26, 2009

    Gartmore is starting an absolute return fund focused on U.K. equities, Citywire reports.

  • Hellman & Friedman Raises $6B

    February 26, 2009

    Hellman & Friedman has held a $6 billion first close on its latest buyout fund, Private Equity News reports.

  • Energy Capital Seeks $3.5B For Fund II

    February 26, 2009

    New Jersey-based private equity firm, Energy Capital Partners, is raising about $3.5 billion for its second fund, Pehub reports.

  • DDJ Extends Ownership To 12 Employees

    February 26, 2009

    DDJ Capital Management is planning to grant 5% of the controlling interest, belonging to the firm’s president, to selected employees, P&I reports.

  • Blackstone Trading Reaches New Low

    February 26, 2009

    Private equity giant Blackstone Group dropped to a record low in New York trading over concerns that a rebound in the buyout sector will follow a general economic stabilization, Bloomberg reports.

  • Paulson Favors Distressed Assets

    February 26, 2009

    Paulson & Co. Founder John Paulson thinks distressed assets offer the best investment opportunities this year as the global recession escalates Bloomberg reports.

  • Goldstein Scoffs At Obama Tax Plan

    February 26, 2009

    Bulldog Investors Founder Phil Goldstein isn’t too worried about Barack Obama’s endorsement in his State of the Union Address of the proposal to tax performance fees at ordinary income rates.

  • Managed Futures Fund Cuts Fixed-Income Plays

    February 26, 2009

    London’s Quality Capital Management is reducing exposure to fixed income in its $674 million managed futures fund Global Diversified Programme because of diminishing returns and continued uncertainty within the sector.

  • Carne Sets Up In Dubai

    February 26, 2009

    Hedge fund and wealth management consultant Carne Global Financial Services has opened a Dubai office to tap into demand from local institutions for better regulatory compliance and operations management.

  • Horizon21 Mulls Portfolio Split

    February 26, 2009

    Horizon21 is looking at ways to restructure H21 Select, its fund of ‘top-tier’ hedge funds, in response to structural changes and decreased liquidity in the industry as a whole.

  • Abacus Preps Quant CTA FoF

    February 26, 2009

    Chicago-based CTA firm Abacus Fund Management is launching Abacus Global Fund U.S. Feeder, its first fund of CTA funds, with hopes to grow it to more than $1 billion.

  • Caxton To Roll Out Quant Macro Fund

    February 25, 2009

    Bruce Kovner's $6.5 billion Caxton Associates is preparing to market the quantitative Caxton Hawk (Diversified) fund to investors, with a target date of May 1.

  • U.K. Fund Defies Emerging Markets' Slump

    February 25, 2009

    London-based hedge fund Emergent Asset Management bucked the industry trend of poor performance in emerging markets last year by posting returns of more than 75% in one of its portfolios, the Wall Street Journal reports.

  • Odey Closes Global Fund As Investment Wanes

    February 25, 2009

    London-based Odey Asset Management, whose founder Crispin Odey has largely outperformed his rivals during the financial crisis, has been forced to close a global long/short fund because of a lack of investment, Wealth Bulletin reports.

  • Report: Biden's Son, Brother Marketed Hedge Fund Through Stanford Company

    February 25, 2009

    Vice President Joe Biden's brother and son ran a fund of hedge funds marketed by companies controlled by disgraced Texas billionaire R. Allen Stanford, who faces massive fraud accusations, the Wall Street Journal reports.

  • Connecticut Lawmakers Seek Tough Hedge Fund Rules

    February 25, 2009

    Lawmakers in Connecticut, a state home to hundreds of hedge fund firms, have proposed tougher oversight for an industry tarnished by market losses, the Bernard Madoff scandal and client redemptions, reports Reuters.

  • Deutsche Bank’s Quantitative Team to Leave, Start Hedge Fund

    February 25, 2009

    Deutsche Bank’s quantitative trading group is leaving to start a hedge fund as the Frankfurt- based bank scales back riskier businesses, Bloomberg reports.

  • Kentucky Firm Preps Offshore CTA

    February 25, 2009

    Lexington Asset Management will launch an offshore version of its CTA strategy in the next few days.

  • Tyne & Wear Jacks Up Alts

    February 25, 2009

    Hebburn-based Tyne & Wear Pension Scheme is roughly doubling its alternatives commitment to 18% from 9.5% at the expense of equities and bonds.

  • FSA Chief Backs Global Fund Regulation

    February 25, 2009

    Hector Sants, chief executive of the U.K. Financial Services Authority, has called for global regulation of the hedge fund industry.

  • Maryland Opens Door To Alts Managers

    February 25, 2009

    The $34 billion State Retirement and Pension System of Maryland is seeking managers to fill out its allocations to private equity, real return, absolute return and real estate.

  • Boutique Eyes First HF Asset Acquisitions

    February 25, 2009

    Since Cogo Wolf Asset Management announced its plans in October to acquire the assets of ailing hedge funds (totalalternatives.com, October 8), the firm has been speaking with managers and anticipates making its first capital acquisitions in the next month or so.

  • Godvig Chief: Iraq Will Prosper

    February 25, 2009

    Björn Englund, founder of Iraq-focused Godvig Capital Management, expects the country to receive a boost this year thanks to investor appetite, a strong dinar, more IPOs and steady oil exports.

  • Colorado Weighs Multiple Alts Moves

    February 25, 2009

    The $850 million University of Colorado Foundation is considering several moves into alternatives over the next 18 months to combat the recession.

  • Blackstone Sees Investors Shifting To FoF

    February 24, 2009

    Blackstone Alternative Asset Management is seeing its institutional clients move capital from direct investments in hedge funds to funds of hedge funds because they fear they don’t have the resources to spot the next blowup, or the next hedge fund that will institute gates on capital because of huge losses.

  • Nine Rivers Capital Holds First Close

    February 24, 2009

    India focused private equity firm Nine Rivers Capital Management has held the first close of its debut fund at $46 million and hopes to raise $125 million, VCCircle reports.

  • GLG Appoints MidEast Goldman Banker

    February 24, 2009

    GLG, an alternative asset manager, has appointed a Goldman Sachs banker, Youssef Kabbaj, who was head of strategic coverage for the Middle East and North Africa, Financial News reports.

  • Neptune Launches Three Funds

    February 24, 2009

    Neptune Investment Management has launched three new vehicles, Investment Week reports.

  • Liongate To Launch Two New FoFs

    February 24, 2009

    London-based Liongate Capital Management, a fund of funds firm, will launch two new funds to external investors, at the request of its clients, FINalternatives reports.

  • Argonaut Capital Launches Euro Fund

    February 24, 2009

    Argonaut Capital Partners, a joint venture of Ignis Asset Management, has launched a new absolute return fund, Citywire reports.

  • 3i To Buyback Quoted Fund For £355M

    February 24, 2009

    British private equity firm, 3i, will pay £355.2 million to repurchase the 55% it does not own in 3i Quoted Private Equity fund, launched two years ago, Financial Times reports.

  • Quadrangle Hires Co-Presidents

    February 24, 2009

    Private investment firm, Quadrangle Group, has appointed Michael Huber and Joshua Steiner as co-presidents, P&I reports.

  • Netscape Ex Floats VC Fund

    February 24, 2009

    Co-founder of Netscape and board member of eBay and Facebook, Marc Andreessen, along with former Opsware executive, Ben Horowitz has floated a venture capital fund, Pehub reports.

  • Perry To Cut Performance Fee By 50%

    February 24, 2009

    Hedge fund firm, Perry Capital, has proposed to cut the performance fee by 50% on its $8.3 billion flagship portfolio, The Wall Street Journal reports.

  • Managed Futures Seen Still On The Rocks

    February 24, 2009

    After a posting the highest returns in 2008 of any strategy, managed futures funds struggled in January (according to the Credit Suisse/Tremont hedge fund index they were down 1.89% on average), and Aureliano Gentilino, global head of hedge fund research at Lipper, told AIN he believes they likely will continue to struggle as there is a lack of directional trends across most asset classes.

  • London Uni May Re-Enter Alts

    February 24, 2009

    Superannuation Arrangements of the University of London (SAUL), a £1.3 billion defined benefit scheme, is in the early stages of analysing alternative investments, and may make investments in the asset class.

  • AIMA Gives Support For Position Transparency

    February 24, 2009

    The Alternative Investment Management Association has today officially come out in support of full transparency and disclosure of “systemically significant” positions by hedge funds to their national regulators.

  • Ex-Hermes CIO To Launch Euro HF

    February 23, 2009

    Marco Ricci, former CIO of the Hermes European Focus Fund, is planning a long/short European hedge fund, to debut in May, FINalternatives reports.

  • Hedge Funds Rebound In January

    February 23, 2009

    Some hedge funds bounced back after six straight months of negative returns and the Credit Suisse/Tremont Broad Hedge Fund Index posted a 1.09% gain in January.

  • Cerberus To Close Hong Kong Office

    February 23, 2009

    U.S. private equity firm Cerberus is in advanced talks to close its Hong Kong office, people familiar with the matter told the Financial Times.

  • Swiss Bank To Shut FoHF

    February 23, 2009

    Swiss private bank, Reichmuth & Co, is shutting its fund of hedge funds, FINalternatives reports.

  • Terra Firma CEO Buys Out Investors

    February 23, 2009

    Private equity firm, Terra Firma’s CEO, Guy Hands, has bought three investors out of their holdings in his private equity fund, at a greatly discounted price, Financial Times reports.

  • 3i Chairman To Retire

    February 23, 2009

    Private equity firm, 3i’s Chairman, Baroness Hogg, will be retiring from her post in December 2010, Financial Times reports.

  • Emerging Markets HF Down 37% In 2008

    February 23, 2009

    Emerging markets hedge funds posted cumulative losses of 37% in 2008, after record gains in 2007, according to Hedge Fund Research.

  • Carlyle Joins ILFC Bid, KKR Withdraws

    February 23, 2009

    Carlyle Group and another consortium led by private equity firms, Greenbriar Equity Group and Onex, are planning to bid for AIG’s aircraft leasing business, International Lease Finance Corp (ILFC) Reuters reports.

  • Highland Capital Shuts CDO Fund

    February 23, 2009

    Highland CDO Opportunity Fund, one of the hedge funds of investment firm Highland Capital Management has been shut down due to losses on high-risk debt securities, Bloomberg reports.

  • Pantheon Promotes Frisco Exec

    February 23, 2009

    Private equity investment manager, Pantheon Ventures, has promoted Brian Buenneke, one of the firm’s primary investment team in San Francisco, to partner, Private Equity Online reports.

  • Mason Wells Eyes Midwest Food Cos

    February 23, 2009

    Private equity firm, Mason Wells Buyout Funds, is seeking to buy Midwest-based food packaging and ingredient companies, Business Journal of Milwaukee reports.

  • Lawyer: Don’t Expect New HF Taxes Just Yet

    February 23, 2009

    Despite reports that President Barack Obama supports taxing performance fees at the ordinary income rate, Adrienne Baker, tax partner in Dechert’s Boston office, says hedge fund managers shouldn’t be panicking.

  • Woori Predicts Short-Term Trades To Dominate

    February 23, 2009

    Managers at Singapore-based Woori Absolute Partners, which runs the $60 million Woori Absolute Asia Multi-Strategy Fund, predict a move towards short-term plays and a drift away from longer buy-and-hold trades amongst hedge fund managers over the next few months.

  • Ex-Morley CIO May Call It Quits

    February 23, 2009

    Gerald Holtham, former cio of Morley Fund Management, may be forced to shut down Cadwyn Capital, his global macro shop. He told AIN he has given himself a six-month window to turn things around.

  • LGT To Lift Asia FoF Suspension

    February 23, 2009

    LGT Capital Partners is planning to cease suspending redemptions from the $100 million KGR Asia-Pacific Absolute Return Fund, one of four funds of Asian hedge funds it acquired when it bought out KGR Capital in September.

  • Ex-Credit Suisse Exec Preps L/S Fund

    February 20, 2009

    The former head of Southeast Asian equities for Credit Suisse, Mark Fuchs, is launching a long/short equity hedge fund set for launch in March or April, Hedge Funds Review reports.

  • Sun Capital To Close Tokyo Digs

    February 20, 2009

    Private equity house Sun Capital Partners is closing its eight-strong Tokyo office after two years, The Wall Street Journal reports.

  • AXA PE Partners With Italian Group

    February 20, 2009

    France’s AXA Private Equity, along with Italian industrial firm, Tozzi Group, is planning to invest in Italian wind farms, hydroelectric and solar projects, Private Equity Online reports.

  • Carlyle To Inject £25M In IMO Car Wash

    February 20, 2009

    Private equity fund, Carlyle Group, will inject £25 million to stay in control of its buyout of IMO Car Wash, Financial Times reports.

  • Silverfleet Hires Terra Firm Analyst

    February 20, 2009

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

  • KKR Taps Ex-Goldman Exec For Senior Advisor

    February 20, 2009

    Kohlberg Kravis Roberts has hired Lewis Eisenberg as a senior advisor.

  • SEC Sues HF Manager For Fraud

    February 20, 2009

    The Securities and Exchange Commission has sued an ex-Minnesota hedge fund manager, claiming he defrauded investors of nearly $16 million, FINalternatives reports.

  • Citadel HF Trader Quits

    February 20, 2009

    Citadel Investment Group trader, Misha Malyshev, who assisted two of the firm’s hedge funds gain around 40%, has left the firm, Bloomberg reports.

  • Wavecrest Starts Debut HF

    February 20, 2009

    The founders of Wavecrest Asset Management have started a New York-based long-biased hedge fund, FINalternatives reports.

  • Balestra Sees Continued Drops In Housing, Consumer Sectors

    February 20, 2009

    Balestra Capital Partner Matt Luckett believes the housing, consumer and debt markets have not yet hit bottom.

  • Cedar Ridge Banks On Water, Industrial Munis

    February 20, 2009

    Cedar Ridge Partners’ long/short Cedar Ridge Investors Fund—which takes long positions in municipal bonds and shorts government paper—posted a 10% return last month and Partner Jeff Hudson said he believes the fund is back in its groove.

  • AIN Data Commentary, Feb. 20, 2009

    February 20, 2009

    The January returns are all in, and hedge funds did indeed complete two consecutive positive months.

  • Millgate Adds Biz Development Head

    February 20, 2009

    New York and London firm Millgate Capital has hired Duncan Brown to direct its business development activities.

  • Summing Up Stanford

    February 20, 2009

  • "It's kind of hard to beat [Bernard] Madoff these days, isn't it?"

    February 20, 2009

    --Tim Lind, managing director at Omgeo, on the 'scandal fatigue' felt by the industry after various alleged frauds, most recently Allen Stanford's.

  • Alternatives Manager Search Directory

    February 20, 2009

  • Mandate Scoreboard

    February 20, 2009

  • Long/short Equity Funds

    February 20, 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?

 - 20%
 - 80%

View previous results