Stories

  • AIN Data Commentary, March 6, 2009

    March 06, 2009

    In January we named the winning and losing strategies of 2008 and emerging markets finished dead last.

  • ASIC Extends Short Selling Ban

    March 05, 2009

    The Australian Securities and Investments Commission (ASIC) has extended its ban on short-selling on financial stocks, until May 31, Reuters reports.

  • UMJ Singapore Launches Japan HF

    March 05, 2009

    UMJ Singapore has launched a Japan-focused long/short equity hedge fund, FINalternatives reports.

  • French Sovereign Fund Buys Auto Stake

    March 05, 2009

    France’s sovereign wealth fund has acquired a stake in French auto parts group Valeo, a firm that has been targeted by a New York investment group seeking a merger, MarketWatch reports.

  • Octopus To Refinance CSL Debt

    March 05, 2009

    British alternative investment firm, Octopus Investments, will provide £2.65 million of flexible debt refinancing to alarm systems company, CSL Dualcom, Octopus Investments reports.

  • Morgan, Dale To Launch EM Fund

    March 05, 2009

    Chris Morgan-Jones, former head of EMEA at investigations firm, Kroll, is planning a London-based emerging markets equity long/short fund, Asian Investor reports.

  • GLG Loses Plea On Vivendi Fine

    March 05, 2009

    The French regulator has rejected GLG Partners’ appeal on a €1.5 million fine it charged the hedge fund firm, for insider trading in Vivendi shares, The Financial Times reports.

  • RCP Raises £75M PE Fund

    March 05, 2009

    Private equity firm, Risk Capital Partners, has raised a £75 million fund, The Financial Times reports.

  • MAG Capital Resolves HF Charges

    March 05, 2009

    MAG Capital and its owner have settled claims of the Securities and Exchange Commission (SEC) that it took warrants from three hedge funds it advised without compensating them, Reuters reports.

  • Voyager Appoints Venture Partner

    March 05, 2009

    Voyager Capital, a venture capital firm, has appointed Geoff Entress as a venture partner, Pehub reports.

  • Irving Place Names Senior Advisor

    March 05, 2009

    Mid-market institutional private equity firm, Irving Place Capital, has hired Peter Boneparth as a senior advisor, focused on the retail and apparel sector, Pehub reports.

  • Venrock Floats $194M Healthcare Fund

    March 05, 2009

    Venrock, a venture capital firm, has launched a $194 million fund, The New York Times reports.

  • Icahn Injects Further $250M In HF

    March 05, 2009

    Carl Icahn, billionaire financier, injected another $250 million into his hedge fund on Jan.1, The New York Times reports.

  • Rockledge Enters Hedge Funds With Sector Plays

    March 05, 2009

    The Rockledge Group is getting into hedge funds for the first time with the launch of two funds that will rotate their exposures to various sectors.

  • White Plains Firm To Launch Asia EM Fund

    March 05, 2009

    Atlas Capital Management is launching the K-Atlas Asia Opportunity Fund, an emerging markets long/short equity fund, in the second quarter.

  • Harcourt-Linked Marketer Seeks Funds

    March 05, 2009

    Polaris Investment Advisory, the third-party marketing firm co-founded last year by Harcourt Investment Consulting, is looking to add three funds to its platform.

  • Castle Arch Launches Lease-To-Own Fund

    March 05, 2009

    Castle Arch is raising a fund that will purchase and lease distressed residential properties.

  • Institutions Account For Most HF Assets

    March 05, 2009

    The majority of hedge fund assets under management now come from institutional investors, as high-net-worth individuals bail out and pension funds continue to up their allocations, according to a study by the Alternative Investment Management Association.

  • China’s CIC To Boost Local Bank, Energy Stakes

    March 04, 2009

    China Investment Corporation (CIC), the nation’s $200 billion sovereign wealth fund, plans to increase its holdings in the nation's three largest State-owned banks, China Daily reports, citing Vice General Manager Wang Jianxi.

  • Rickman Bros Start VC Firm, Fund

    March 04, 2009

    Andrew Rickman and Robert Rickman, U.K. angel investors, have launched a new venture capital firm, the Rockley Group, and a €100 million fund, AltAssets reports.

  • Artemis Adds Two To U.K. HF Biz

    March 04, 2009

    Artemis Asset Management is appointing Time Steer and Stephen Yiu, fund managers at New Star Asset Management, to its U.K. multi-cap team, Citywire reports.

  • Aviva To Launch Absolute Return Fund

    March 04, 2009

    Aviva Investors is planning an absolute return fund for its U.K. equities team, Investment Week reports.

  • BlackTree To Launch Currency HF

    March 04, 2009

    London’s BlackTree Investment Partners is setting up a quantitative hedge fund to invest in currencies in developed markets, FINalternatives reports.

  • Blackstone Hires French Ambassador

    March 04, 2009

    Blackstone has appointed Gérard Errera as a special advisor, AltAssets reports.

  • Silver Lake Adds Fund Advisor

    March 04, 2009

    Mid-market technology-focused private equity firm Silver Lake has appointed Didier Bench, as an advisor to its Silver Lake Sumeru fund, AltAssets reports.

  • Carlyle Writes Down Fund By 13.8%

    March 04, 2009

    Carlyle Group has marked down the value of investments in its Carlyle Partners IV by 13.8% in the fourth quarter, Reuters reports.

  • Blackstone Writes Down Deutsche Debt

    March 04, 2009

    Blackstone has written down the value of several billion dollars of debt it bought at a discount from Deutsche Bank to zero, The Financial Times reports.

  • Renaissance Names CEO

    March 04, 2009

    Hedge fund firm Renaissance Technologies has appointed Matthew Scanlan as president and CEO for its institutional unit, Reuters reports.

  • Carlyle Raises $553 Mezzanine Fund

    March 04, 2009

    Private equity firm Carlyle Group has raised $553 million via a fund committed to mezzanine investments, Business Journal reports.

  • Converts Manager in a Quandary

    March 04, 2009

    INTL Consilium sees some interest returning to the convertible bond sector but the manager of its primary fund in that sector is concerned it may not gain traction.

  • Fridson To Add Portfolio Manager

    March 04, 2009

    Marty Fridson’s credit hedge fund firm, Fridson Investment Advisors, is looking to add a senior investment professional to its three-person portfolio management team for its flagship credit fund.

  • Germany Experts Open London Shop

    March 04, 2009

    Three specialists in German investing have set up Berger Lahnstein Middelhoff & Partners in London, with plans to launch a range of alternative strategies.

  • MFA Lobbies Nasdaq For HF Privacy Safeguards

    March 04, 2009

    The Managed Funds Association is asking Nasdaq to revise its plan for sponsored access to prevent hedge funds’ trading data falling into unfriendly hands.

  • Brevan Howard Plots Ucits Blitz

    March 04, 2009

    Brevan Howard Asset Management is planning a series of Ucits III funds targeted at pension funds and other institutions.

  • Tremont Axes Sales, Marketing

    March 03, 2009

    Tremont Capital Management has dismantled its sales and marketing force as a result of asset losses and redemptions in its funds of funds due to ties to Bernard Madoff.

  • KKR PE Cuts 47.5% In Investments

    March 03, 2009

    KKR Private Equity Investors (KPE) has written down 47.5% in the value of its investments for 2008, Financial Times reports.

  • Liongate To Raise $500M For FoHF

    March 03, 2009

    Liongate Capital Management is planning to raise $500 million for a fund of commodity hedge funds, Bloomberg reports.

  • Candover Shrinks Portfolio By 50%

    March 03, 2009

    British private equity firm, Candover, has reduced the value of its portfolio by 50%, Financial Times reports.

  • HarbourVest U.K. Hires IR Head

    March 03, 2009

    Fund of funds manager, HarbourVest Partners, has appointed Amanda McCrystal as head of investor relations and communications for HarbourVest Global Private Equity (HVPE), AltAssets reports.

  • Lazard Relaxes Rules On PE Biz

    March 03, 2009

    Lazard has lifted restrictions on LFCM Holdings, its capital markets business, which had prevented Lazard from making private equity investments in North America, Reuters reports.

  • Clayton, Dubilier & Rice Adds Adviser

    March 03, 2009

    Clayton, Dubilier & Rice, a private equity firm, has appointed James Hawkes as an adviser to the firm, Private Equity Wire reports.

  • Blackstone Writes Down Fund V By 35%

    March 03, 2009

    Blackstone has written down the value of its Buyout Fund V by 35%, for 2008, Reuters reports.

  • KPCG Hires Lyall For Fund Unit

    March 03, 2009

    Private equity and venture capital firm, Kirchner Private Capital Group, has hired Les Lyall as managing partner of Kirchner Investment Management, the fund management unit of KPCG.

  • Larch Lane Names FoF Head

    March 03, 2009

    Fund of hedge fund investment firm, Larch Lane Advisors has appointed Frank Travers as director of funds of funds, P&I reports.

  • Logik Launches Multi-Strategy HF

    March 03, 2009

    Logik Asset Management is floating a multi-strategy hedge fund to invest in event driven, merger arbitrage and special purpose acquisition, FINalternatives reports.

  • Credit Suisse Inverse L/S Up In February

    March 03, 2009

    Credit Suisse released February data showing the Credit Suisse Inverse Long/Short Equity Replication Index gained 1.06%, according to Jordan Drachman, head of research for alternative beta strategies.

  • Lionhart Turns To Overseas Converts

    March 03, 2009

    Toronto-based hedge fund and private equity firm Lionhart is looking to Asia and Europe for convertible bond opportunities for its latest fund, the Lionhart Enhanced Opportunities Fund.

  • Estonian Shop Eyes April For Delayed Launch

    March 03, 2009

    Arkanar Financial will launch its Arkanar Global Macro fund on April 1.

  • Houston Firm To Launch Second Fund

    March 03, 2009

    Capital Point Partners, a hedge fund firm in Houston, plans to launch its second fund in the next two or three months and will market it to institutional investors.

  • San Antonio Fires Silver Creek Over Madoff Losses

    March 03, 2009

    The $1.8 billion San Antonio (Texas) Fire & Police Pension Fund has terminated fund of funds firm Silver Creek Asset Management for losses tied to the alleged Bernard Madoff Ponzi scheme.

  • BlueMountain Credit Staffer Lands At BNP

    March 03, 2009

    BNP Paribas has hired Sebastien Cottrell as a v.p. in structured credit trading in New York.

  • Alkek Foundation Sues Tuckerbrook

    March 03, 2009

    The Albert and Margaret Alkek Foundation has filed a lawsuit against Tuckerbrook Alternative Investments for not allowing it to exit a distressed securities fund of hedge funds.

  • Nigerian Government To Start AM Company

    March 02, 2009

    Nigeria’s government plans to create an asset management company, Bloomberg reports, citing Finance Minister Mansur Muhtar.

  • Infrastructure India Bids For Bloomsbury Asset

    March 02, 2009

    Infrastructure India, an India-focused investment firm listed in London, has proposed to buy its investment advisory firm, Bloomsbury Asset Management Advisors, VCCircle reports.

  • Morgan Stanley Manager To Launch Firm

    March 02, 2009

    Hassan Elmasry, a fund manager at Morgan Stanley, is exiting to start an asset management firm, Bloomberg reports.

  • Gleacher Forms Special Situations Team

    March 02, 2009

    London-based corporate finance advisory firm Gleacher Shacklock is forming a special situations team, Financial Times reports.

  • Palamon Capital Names VP

    March 02, 2009

    European mid-market private equity firm, Palamon Capital Partners, has hired Ricardo Caupers as vice president, for its London office, AltAssets reports.

  • Gottex FoF To Begin Pay-Outs

    March 02, 2009

    Swiss funds-of-funds firm Gottex Fund Management will start paying out from the group’s flagship fund of hedge funds, Financial Times reports.

  • Feds Tap PIMCO For BoA Advice

    March 02, 2009

    The U.S. government has Pacific Investment Management Co. to advise it on the value of $118 billion of assets guaranteed via the bailout of Bank of America Corp., Bloomberg said, citing two people with knowledge of the decision.

  • Tudor Starts Futures Fund

    March 02, 2009

    Tudor Investment has set up a new fund to invest in the global futures markets, as it gained 36% in its current futures fund last year, The New York Times reports.

  • SAC Capital Axes Back-Office Jobs

    March 02, 2009

    SAC Capital Advisors is slashing back-office jobs in the U.S., FINalternatives reports. About 30-40 operations support staff will lose their jobs as a result of the layoffs.

  • DE Shaw To Hire Independent Admins

    March 02, 2009

    DE Shaw is planning to hire independent administrators to provide third-party checks that its investments exist, Financial Times reports.

  • TPG Offers Chap 11 Financing

    March 02, 2009

    Private equity firm TPG is offering to provide bankruptcy financing for a company it owns, Financial Times reports.

  • Weston Capital CIO Resigns

    March 02, 2009

    Hedge fund manager Weston Capital Asset Management’s CIO Matthew Hoffman has stepped down from his position, P&I reports.

  • Dow Seeks PE Investors For Unit

    March 02, 2009

    Dow Chemical is negotiating with a group of private equity firms about investing in its agricultural-sciences unit, Reuters reports.

  • Juno Bearish On Cocoa, Silver

    March 02, 2009

    New York-based Juno Mother Earth Asset Management is bearish on cocoa and silver and bullish on cotton and wheat.

  • Tudor Touts Tensor Fund

    March 02, 2009

    Paul Tudor Jones’ $10.5 billion Tudor Investment Corp. is preparing to market its Tudor Tensor Portfolio to investors.

  • Zurich Firm Shutters Two Funds

    March 02, 2009

    A pair of environmental offerings proved to be duds for Zurich-based Systematic Absolute Return SAR and the firm will focus on its SAR Asset Finance Fund, which specializes in asset-based lending.

  • Veritas Hires Institutional Chief

    March 02, 2009

    Veritas Asset Management has hired Antony Burgess as director of institutional business, where he will focus on pushing the firm’s global and Asia-focused hedge funds to its U.K. and European clients.

  • JER Tabs Latin Fab Four

    February 27, 2009

    Private equity firm J.E. Roberts Companies’ Latin American division is seeing opportunities in Mexico, Brazil, Peru and Colombia.

  • Manulife, Prudential To Bid For AIG Unit

    February 27, 2009

    Manulife Financial Corp. and Prudential may offer cash and shares in their bid for American International Group’s largest Asian insurance unit, three people familiar with the matter told Bloomberg.

  • FSA To Revamp HF Rules

    February 27, 2009

    British regulator, the Financial Services Authority, is planning to introduce capital and liquidity rules for hedge funds, Financial Times reports.

  • Euro PE Firms Abide By EU Code

    February 27, 2009

    Europe’s private equity industry is willing to accept an oversight and enforcement regime for a regional code of conduct, Financial Times reports.

  • Occam Taps Two For EM Fund

    February 27, 2009

    Occam Asset Management has tapped Eoghan Flanagan and James Mellersh to develop an emerging markets fund, Citywire reports.

  • Cazenove To Float Absolute Return Fund

    February 27, 2009

    Cazenove is planning to launch new absolute return products, Financial Times reports.

  • BBVA Closes $1B HF Units

    February 27, 2009

    Spanish bank, BBVA, is closing its $1 billion hedge fund business, Financial Times reports.

  • New Star Shuts Two HFs

    February 27, 2009

    U.K. fund manager, New Star, has shut two of its hedge funds as they got smaller due to withdrawals of internal capital, Financial Times reports.

  • Obama Budget To Boost Buyout Taxes

    February 27, 2009

    Executives at buyout, venture capital and hedge fund firms will pay an estimated $24 billion more in taxes over nine years if President Barack Obama’s 2010 budget proposal passes, Bloomberg reports.

  • Stanford Receiver Locates $90M In Assets

    February 27, 2009

    The court-appointed receiver managing the financial empire of Texas billionaire Allen Stanford has located $90 million in assets, Reuters reports, citing an FBI agent.

  • VantagePoint Appoints Partner

    February 27, 2009

    VantagePoint Venture Partners has hired Robert Kennedy Jr. as a venture partner of its clean tech investment group, AltAssets reports.

  • Atrato Advisors Appoints Partner

    February 27, 2009

    Atrato Advisors, a hedge fund advisory firm, has appointed Janna Sobolev as a partner, to boost the firm’s quantitative platform, FINalternatives reports.

  • BlackRock Adds Two To Board

    February 27, 2009

    BlackRock has added Abdlatif Al-Hamad and Brian Moynihan to its board of directors.

  • Former Citi Execs Launch $200M HF

    February 27, 2009

    Two former Citigroup executives, Jeff Jacob and John Humphrey, are launching a $200 million hedge fund, The Wall Street Journal reports.

  • BVP Raises $350M For Fund VII

    February 27, 2009

    Bessemer Venture Partners (BVP) has raised $350 million supplement for its fund, BVP VII, which closed in June 2007.

  • Former Putnam Chief Enters Third-Party Marketing

    February 27, 2009

    David Puddle, former director of institutional clients at Putnam Investments, has started his own third-party marketing and manager consultancy business, Durlstone Partners.

  • Packard MD Leaves After Brief Spell

    February 27, 2009

    Jinde Guo will leave the David & Lucile Packard Foundation today after working there for only a few months.

  • GLG Kick-Starts Macro Fund

    February 27, 2009

    GLG Partners launched a new global macro fund last Monday.

  • AIN Data Commentary, Feb. 27, 2009

    February 27, 2009

    Our calculated average hedge fund composite index posted a positive return for the month of January of 0.51%.

  • One Year Ago In Alternative Investment News

    February 26, 2009

    James Lee, former managing director at Tiger Asia Management, founded Stylos Capital Management...

  • "No one's saying 'I wouldn't invest in your crappy fund,' but then they never do."

    February 26, 2009

    --Gerald Holtham, founder of Cadwyn Capital, on his struggle to attract investors.

  • Alternatives Manager Search Directory

    February 26, 2009

  • Mandate Scoreboard

    February 26, 2009

  • Hedge Fund Strategy Performance - January 2009

    February 26, 2009

  • Multi-strategy Hedge Funds

    February 26, 2009


 

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