Stories

  • Inoks Chiefs Split

    March 13, 2009

    Founder Pietro Cittadine and CEO Maximilian Tomei have left Inoks Capital in Geneva.

  • Amiri Capital To Float Islamic FoHF

    March 12, 2009

    London-based Islamic alternative investment manager, Amiri Capital, will be starting the first Islamic fund of long/short hedge funds marketed in the Middle East, Reuters reports.

  • Israeli Bank Takes Over HF Venture

    March 12, 2009

    Israel’s Bank Leumi has taken over hedge fund firm, Leumi Alternative Investment, which it established with Spring Mountain Capital in 2007, Globes reports.

  • ACG Launches €250M FoF

    March 12, 2009

    Fund of funds manger ACG Private Equity is launching its fifth fund of funds, AltAssets reports.

  • Partners Group To Delist FoF

    March 12, 2009

    Swiss private equity firm Partners Group will be delisting its fund of funds firm after its share price fell below the value of asset base, Pension News reports.

  • 3i To Invest In Debt

    March 12, 2009

    Private equity firm, 3i, is planning to invest in debt instruments, to pay down debt at the corporate level, The Wall Street Journal reports.

  • Banexi Acquired, Renamed Azulis Capital

    March 12, 2009

    French private equity firm Banexi Capital Partners has been acquired by its management team and rebranded as Azulis Capital, AltAssets reports.

  • Hedgies Expect Competition, Increased Costs

    March 12, 2009

    Hedge funds might become a niche investment class and a more competitive sector, according a new report on the alternatives field, from accounting firm Rothstein Kass.

  • Paulson Nets $428M By Shorting Banks

    March 12, 2009

    Hedge fund firm Paulson & Company may have gained $428 million by short selling Lloyds Banking Group and HBOS, Bloomberg reports.

  • Braemar Ventures Names Principal

    March 12, 2009

    Venture capital firm Braemar Energy Ventures has appointed Scott DePasquale as principal and executive-in-residence.

  • Concerto Launches $50M HF

    March 12, 2009

    North Carolina-based firm, Concerto Credit Opportunity, has started its first $50 million hedge fund, FINalternatives reports.

  • Quadrangle Adds Three Principals

    March 12, 2009

    Private equity firm Quadrangle has appointed three executives as principals in its asset management arm.

  • Vernon Capital To Launch First HF

    March 12, 2009

    Vernon Square Capital is planning to launch a market-neutral hedge fund in April, FINalternatives reports.

  • Lawyer Pans ICI Proposal

    March 12, 2009

    Adam Gale of Orrick, Herrington & Sutcliffe believes the white paper and the testimony Paul Schott Stevens, president and ceo of Institutional Company Institute, gave to the Senate Banking Committee earlier this week have some flaws.

  • UBP Lining Up Research, Risk Heads

    March 12, 2009

    Geneva-based Union Bancaire Privée is making several senior hires in an attempt to woo back investors after losing more than $860 million to Bernard Madoff.

  • Sprott Favors Precious Metals

    March 12, 2009

    Toronto-based Sprott Asset Management plans to up its exposures to gold and silver mining in the Sprott Offshore Fund, after long positions in precious metals helped the hedge fund post strong returns early this year.

  • Lighthouse Enters Brokerage Biz

    March 12, 2009

    New York investment bank Lighthouse Financial Group has set up a prime brokerage business and is targeting small- and mid-sized hedge funds as clients.

  • Crisis to Slow Gulf PE, Create Opportunities

    March 11, 2009

    The private equity sector in the Gulf region will enter a slow period, Khaleej Times reports, citing Abraaj Capital Group CEO Arif Naqvi.

  • Aussie Hedge Funds Down 0.7% In February

    March 11, 2009

    Australian hedge funds lost money in February, eliminating nearly two months of gains as stocks dropped and the ban on short selling hit equity funds, Bloomberg reports.

  • Asia Funds See $1B Outflow

    March 11, 2009

    Global investors pulled a record amount out of Asia equity funds in the first week of March, topping $1 billion, with China-focused funds comprising almost one-third of the money, Press Trust of India reports, citing a EPFR Global report.

  • ACG To Launch €250M Europe Fund

    March 11, 2009

    European fund of funds manager ACG Private Equity is launching its fifth fund of funds, ACG Europe V, with a target size of €250 million, AltAssets reports.

  • Regulators Consider Reinstating Short Selling Reg

    March 11, 2009

    U.S. Regulators are considering reinstating the uptick restriction on short sellers while Federal Reserve Chairman Ben Bernanke is reevaluating his stance on mark-to-market accounting, Reuters reports.

  • Hedgies Hold Steady In February

    March 11, 2009

    Hedge fund have been stable in the first two months of the year, beating most equity benchmarks, with the Hennessee Hedge Fund Index returning -0.78% in February, while the S&P 500 returned -10.99%, according to the Hennessee Group.

  • Converts, Short-Biased Equity Lead The Pack

    March 11, 2009

    Convertible arbitrage funds and short-biased equity strategies ruled the hedge fund roost in February, with fixed-income arbitrage close behind.

  • Kinetic Gets Restructuring Expert

    March 11, 2009

    Consulting and financial services boutique Kinetic Partners has hired Joel Cohen to join its restructuring, corporate recovery and forensic services team, working in New York.

  • Networking Site Reaches Out To Emerging Managers

    March 11, 2009

    Aiming to attract more managers to its hedge fund networking site, HedgeACT has introduced a new fund-launch feature as well as a discounted membership rate for emerging funds.

  • Chimay Abandons Equities

    March 11, 2009

    “Right now there is no incentive to view equity as an investment.”

  • Augustus Plays Gov’t Easing Initiatives

    March 11, 2009

    Adrian Owens of London’s Augustus Asset Managers has adopted a pair of strategies for his global macro fund as a response to the U.K. government’s quantitative easing initiative.

  • Fla. Plan Considers Alts Move

    March 11, 2009

    The investment committee of the Orlando General Employees Pension Plan is contemplating a first-time investment in alternative strategies, and may target hedge funds for a 5% allocation.

  • London Transport Scheme Eyes Infrastructure, GTAA

    March 11, 2009

    London Regional Transport Pension Fund, a £4 billion defined benefit scheme, is planning to make a move into alternatives in the next financial year.

  • Amiri Preps Islamic Hedge Fund

    March 10, 2009

    Amiri Capital, the Islamic asset manager backed by investment house Olivant, said it has linked up with broker Newedge to introduce the first Islamic fund of long/short hedge funds geared at the Middle East, Reuters reports.

  • Absalom Starts New Singapore FoF

    March 10, 2009

    Paul Absalom is starting a new Singapore-based fund of hedge funds, called Stockade Asian Trading Strategies, Asian Investor reports.

  • Dow Schofield Closes Debut PE Fund

    March 10, 2009

    British firm Dow Schofield Watts has raised £4.68 million on the first closure of its debut private equity fund, AltAssets reports.

  • Lansdowne Nets £13M Short-Selling Aviva

    March 10, 2009

    Hedge fund firm, Lansdowne Partners, has netted about £13 million from a short position in insurer, Aviva, The Independent reports.

  • Alpstar Starts Distressed Advisory Biz

    March 10, 2009

    Credit hedge fund manger Alpstar will be launching a strategic asset recovery group, HedgeWeek reports.

  • BC Partners Co-Chairman To Exit

    March 10, 2009

    Francesco Loredan, co-chairman of private equity firm BC Partners, will be leaving the firm before it starts investing its new fund, Financial News reports.

  • 3i To Raise £400M Via Secondaries Sale

    March 10, 2009

    U.K.’s 3i Group has started a secondaries sale of its European venture capital assets, which could raise between £300-400 million, Financial News reports.

  • Lehman To Re-launch PE Firm

    March 10, 2009

    Lehman Brothers is gearing up to launch a new private equity firm, The Financial Times reports.

  • Element Partners Close $486M VC Fund

    March 10, 2009

    Venture capital firm, Element Partners, has closed an clean technology fund at $486 million, AltAssets reports.

  • Cole To Open FoF To Investors

    March 10, 2009

    Cole Partners Asset Management is planning to open a fund of commodity hedge funds to new investors in April, Bloomberg reports.

  • Odyssey Raises $1.5B PE Fund

    March 10, 2009

    Odyssey Investment Partners has raised $1.5 billion for its fourth mid-market private equity fund, P&I reports.

  • Agrifirma Cancels HF-Style Fees

    March 10, 2009

    Lord Rothschild and Jim Slater-backed farm fund Agrifirma Brazil is cancelling its hedge fund-style fees to attract investors, The Financial Times reports.

  • McCarthy Capital Names Partner

    March 10, 2009

    Private equity firm McCarthy Capital has appointed Robert Emmert as partner and head of its Boston office, Pehub reports.

  • Patent-Busting Web Site To Launch HF

    March 10, 2009

    Article One Partners is planning to debut a hedge fund linked to the firm's patent-investigation Web site.

  • FINRA Probes B/Ds’ Selling Of Hedge Funds

    March 10, 2009

    The Financial Industry Regulatory Authority is taking a close look at how broker/dealers sell hedge funds to investors, part of a general ramping up of the regulatory scrutiny facing the industry.

  • Juridica Grows Litigation Fund

    March 10, 2009

    Juridica Capital Management has grown its Juridica Investments Fund, which invests in litigation claims, to £140 million following a £35 million capital raising.

  • Canadian Shop Preps Offshore Energy Fund

    March 10, 2009

    Creststreet Asset Management will launch an offshore fund before the month is out which will mirror the strategy of its flagship long/short market-neutral Creststreet Alternative Energy Fund.

  • TGM To Debut Unique Market-Neutral Strat

    March 10, 2009

    Tactical Global Management is making its first move into market-neutral equity by teaming up with a Brevan Howard veteran and two former senior portfolio managers at Armajaro Asset Management.

  • Harbour Adds Compliance Officer

    March 10, 2009

    Taco Sieburgh has joined hedge fund platform Harbour Capital Partners in London as head of legal and compliance.

  • Association Targets Consultancy Services To Alts Managers

    March 10, 2009

    Greenwich, Conn.-based Family Office Association is pitching private equity and hedge fund managers for its consultant services aimed at helping wealthy individuals create single family offices.

  • Advent, LDC Merge Portfolio Cos

    March 10, 2009

    U.K.’s Advent Venture Partners and Lloyds TSB’s mid-market private equity firm, LDC, have merged their portfolio companies in a £72 million merger, AltAssets reports.

  • LBO France Closes Fund At €1B

    March 10, 2009

    LBO France, a private equity firm, has raised about €1 billion after the final closure of its eighth mid-market fund, Private Equity News reports.

  • Artemis VCT Merger To Face Opposition

    March 10, 2009

    The merger of two venture capital trusts, managed by U.K. fund manager Artemis, may face opposition from its shareholders, Financial Times reports.

  • Oakley Capital Plans Fundraising

    March 10, 2009

    Private equity firm Oakley Capital will raise £18 million and launch its AIM-listed vehicle to the market, Financial Times reports.

  • Gandhara Capital To Shut Dow

    March 10, 2009

    Hong Kong and London-based hedge fund manager, Gandhara Capital, will shut down and return $2.3 billion to investors, Financial Times reports.

  • Madoff To Plead Guilty

    March 10, 2009

    Bernard Madoff, accused of a $50 billion investment fraud, is expected to plead guilty to criminal charges next week, Bloomberg reports.

  • Mariner Lifts Gate On Fund

    March 10, 2009

    Hedge fund firm Mariner Investment has raised a gate this week on its distressed debt and special situations fund to limit withdrawals, Market Watch reports.

  • HFs Seek To Buy Gold

    March 10, 2009

    Several hedge funds are buying gold as a way of betting against central banks, The Financial Times reports.

  • Citadel Plans New Fund

    March 10, 2009

    Citadel Investment Group is planning to launch a new fund with lower fees, Reuters reports.

  • Currency Fund Stumbles After Strong Start

    March 09, 2009

    Old Mutual Asset Managers’ $10 million Old Mutual Currency Fund benefited last month from short positions in the New Zealand dollar, Norwegian kroner and sterling, but this couldn’t stop a second successive month of negative returns for the systematic fund, which suffered a 20 basis-point drop.

  • Swiss Alpha Preps Ucits Offering

    March 09, 2009

    Swiss Alpha Asset Management in Pfäffikon is preparing to launch a Ucits III-compliant version of its options-trading fund, the Alpha Strategies Fund.

  • HDF Seeks Asian HF Strategies

    March 06, 2009

    Paris-based HDF Finance has opened an office in Singapore, and is seeking hedge funds with a regional focus in areas other than equity long/short, Asian Investor reports.

  • CITIC, China’s NSSF To Start BO Fund

    March 06, 2009

    CITIC Capital Holdings is planning to start a buyout fund with China’s national social security fund, Reuters reports.

  • EQT To Raise €500M Fund

    March 06, 2009

    Private equity firm, EQT Partners, is planning to raise a €500 million credit opportunity fund, Financial News reports.

  • Rathbone Launches HF-Focused Fund

    March 06, 2009

    London’s Rathbone Investment Management has started a second multi-strategy fund, which invests mainly in hedge funds and structured products, FINalternatives reports.

  • SVG Advisers CEO Quits

    March 06, 2009

    Andrew Williams, an executive director of SVG Capital and CEO of its SVG Advisers unit, will be exiting the company “by mutual agreement,” Financial Times reports.

  • France’s SPGP Starts New FoF

    March 06, 2009

    French asset manager, La Société Privée de Gestion de Patrimoine (SPGP), is launching a new fund of funds, Citywire reports.

  • LAM Launches Alternative Asset FoF

    March 06, 2009

    London Asset Management is launching a new alternative asset fund of funds for the retail market, Financial Times reports.

  • Citadel Preps New Funds, Cuts Fees

    March 06, 2009

    Citadel Investment Group plans to open a number of new funds, including one that will have lower fees and will aim to benefit from currencies, interest rates and trend trades, The Wall Street Journal reports.

  • Quadrangle Promotes Four In PE Unit

    March 06, 2009

    Quadrangle Group has promoted Amanda Siegel to principal and Alex Hocherman, Sebastien Briens and Mark Brennan to v.p.

  • KKR Seeks Fund Amendment

    March 06, 2009

    Kohlberg Kravis Roberts is seeking an amendment to its 2006 fund, The Wall Street Journal reports.

  • JAFCO Taps Ex-Carlyle Execs

    March 06, 2009

    Technology venture capital firm, JAFCO Ventures, has appointed Nick Sturiale and Jeb Miller as general partners, AltAssets reports.

  • Direxion Starts Two Alternative MFs

    March 06, 2009

    Direxion Funds is launching two alternative strategy mutual funds, MSNBC reports.

  • Former Niederhoffer Exec To Set Up First Fund

    March 06, 2009

    Gitanshu Buch, who worked alongside Victor Niederhoffer, will launch Windsor Trading Advisors in Chicago at the end of March.

  • RCG Keen On Asia, Avoiding South America

    March 06, 2009

    Fund of hedge funds manager RCG Capital Advisors is taking bullish exposure to Asia, believing there will be a decoupling between Asian and European economies in the near term.

  • Marketer Shelves Hiring Plans Post-Madoff

    March 06, 2009

    Swiss third-party marketing firm Polaris Investment Advisory has shelved plans to hire a third staffer for a move into French-speaking Europe, amid the fallout from Bernard Madoff’s alleged Ponzi scheme.

  • One Year Ago In Alternative Investment News

    March 05, 2009

    Ex-Soros Fund Management Senior Analyst William Seibold co-founded Noroton Capital Management with plans to launch the Noroton Event-Driven Opportunity Fund...

  • "[Institutional investors] are the big boys and what they want in this current situation are the [funds] who can deliver positive returns."

    March 05, 2009

    --Christen Thomson of the Alternative Investment Management Association, on big investors switching to hedge funds from long-only strategies.

  • Mandate Scoreboard

    March 05, 2009

  • Alternatives Manager Search Directory

    March 05, 2009

  • Fixed-income Hedge Funds

    March 05, 2009


 

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