Stories

  • Islamic Development Bank Plans Sukuk

    March 19, 2009

    The Islamic Development Bank is planning a $500 million Islamic bond or sukuk, Arab News reports.

  • Ex-Link Asia CEO Launches PE Firm

    March 19, 2009

    Ex-CEO of Link Asset and Securities in Asia, Paul Robine, has set up a private equity firm, The Wall Street Journal reports.

  • Bennelong, SGI Join To Launch HF

    March 19, 2009

    Bennelong Funds Management, an Australian fund manager, is launching a second hedge fund to strengthen its asset base to $677.62 million, Bloomberg reports.

  • Aramajaro Names EM Fund Head

    March 19, 2009

    Armajaro Asset Management has hired Michel Danechi to manage its new emerging markets hedge fund, FINalternatives reports.

  • Swedish AM To Launch Futures Fund

    March 19, 2009

    Stockholm-based Vikström & Andersson Asset Management is planning to launch its first futures fund, FINalternatives reports.

  • Robeco Seeks Euro Equity, Hedge FoFs

    March 19, 2009

    Asset manager, Robeco, is seeking to add European equity and hedge fund of funds partners, Global Pensions reports.

  • 3i Exec Quits To Launch VC Firm

    March 19, 2009

    3i Group’s Executive Laurence Garrett has quit the private equity firm, AltAssets reports.

  • Lansdowne Shutters Two HFs

    March 19, 2009

    Hedge fund firm Lansdowne Partners is shuttering its two smallest hedge funds to focus on selling its main funds, Financial Times reports.

  • GLG Slips From First Spot

    March 19, 2009

    GLG Partners has slipped from its top ranking as the largest European hedge fund to the fourth largest, Financial Times reports.

  • Schwab Delays HFs Custody Cutoff

    March 19, 2009

    Charles Schwab is granting a stay of execution to advisers upset with its decision to stop taking custody of hedge funds, real estate assets, private equity and other forms of alternative investments, Investment News reports.

  • West Hill Cancels Maiden Fund

    March 19, 2009

    Private equity firm West Hill Partners has cancelled the fundraising for its debut vehicle, Pehub reports.

  • August Capital Closes Fund V At $600M

    March 19, 2009

    August Capital has raised over $575 million at the final closing of its fifth fund, Pehub reports.

  • BlueMountain Floats Corporate Loan HF

    March 19, 2009

    BlueMountain Capital Management has launched a corporate loan hedge fund, HedgeWeek reports.

  • FSA Interviews More Staff During Inspections

    March 19, 2009

    The U.K. Financial Services Authority is interviewing a wider range of staff at large financial institutions, including alternatives firms, as part of regular inspections.

  • Hedgies Won’t Be Affected, Says Fridson

    March 19, 2009

    Hedge funds will likely not be affected long-term by the Federal Reserve’s announcement to buy up $300 billion of U.S. Treasuries, said Martin Fridson, founder of Fridson Investment Advisors.

  • Aquila Picks Advisory Chief

    March 19, 2009

    Aquila Capital, the Hamburg-based alternative investment manager, has hired Lauren Damask as managing director, head of global client advisory.

  • Chicago Scheme Plots PE Increase

    March 19, 2009

    The Municipal Employees Annuity & Benefit Fund of Chicago is seeking additional managers for its private equity portfolio in order to achieve its targeted 10% allocation.

  • Scandium Wind-Down Gets Underway

    March 19, 2009

    The first fund of hedge funds available to Danish retail investors has begun liquidating its portfolio in advance of the closure being officially given the go-ahead at the firm’s annual general meeting next month.

  • Madoff May Help FoFs In Long Term

    March 19, 2009

    Funds of hedge funds will be able to use Bernard Madoff’s $50 billion fraud as positive PR for their industry.

  • VC Firm Preps Christian Investments

    March 18, 2009

    Venture capital and philanthropic firm WM Reign, which offers loans to churches, is in the process of raising $100 million to invest in Gateway To Legacy, a startup Christian association in Auburn Hills, Mich. that will fund churches and traditional ministries.

  • ADIC Appoints PE Head

    March 18, 2009

    Abu Dhabi Investment Company (ADIC) has hired Samir Samaan to manage its private equity business.

  • United Managers Expects Fund To Double

    March 18, 2009

    Japanese hedge fund firm United Managers Japan expects its Kotoshiro fund to double in May thank to an injection from foreign capital, Bloomberg reports.

  • HFs Start Early Repayments: 3A

    March 18, 2009

    Several hedge funds are returning assets and reopening, according to Jean Keller, CEO of 3A, the hedge fund of funds division of Swiss bank, Banque Syz.

  • HFs Consolidation To End By June

    March 18, 2009

    A consolidation of the hedge funds industry may end by mid-2009, according to Ken Kinsey-Quick, multi-manager head of hedge fund firm, Thames River Capital.

  • Ex-Santander Execs To Launch HF

    March 18, 2009

    Former Banco Santander trader, Ravi Mehra, along with collaborator, Jesús Saá Requejo, is planning to launch a European Union-regulated fund, HedgeWeek reports.

  • Terra’s CEO Steps Down

    March 18, 2009

    Guy Hands has resigned as the CEO of the U.K. private equity firm, Terra Firma, The Wall Street Journal reports.

  • Terra Firma To Buy Back €6B Debt

    March 18, 2009

    Terra Firma Capital Partners is planning to repurchase around €6 billion of outstanding mortgage-backed debt, Financial News reports.

  • HF Liquidation Reaches New High In 2008

    March 18, 2009

    Hedge fund industry consolidation continued through the end of 2008, as more than 775 funds liquidated in the fourth quarter and almost 15% of funds closed in 2008, according to Hedge Fund Research.

  • Fortress Reports $140M Q4 Loss

    March 18, 2009

    Fortress Investment Group has reported a fourth-quarter net loss of $140 million, The Wall Street Journal reports.

  • KKR To Launch $3B Mezz Fund

    March 18, 2009

    Kohlberg Kravis Roberts (KKR) is launching a mezzanine fund targeting between $1-3 billion, Private Equity Online reports.

  • HFs To Profit From AIG Money

    March 18, 2009

    Some hedge funds will gain from the billions of dollars the U.S. government has paid to bail out American International Group (AIG), The Wall Street Journal reports.

  • Paulson HF Buys $1.28B AngloGold Stake

    March 18, 2009

    Hedge fund firm, Paulson & Company, has bought miner Anglo American’s stake in AngloGold Ashanti, for $1.28 billion, The Financial Times reports.

  • SVG CIO To Quit

    March 18, 2009

    SVG Advisers CIO Solomon Owayda will quit the firm, Private Equity Online reports.

  • Niederhoffer Offers Futures Funds

    March 18, 2009

    RG Niederhoffer Capital Management is planning to open three managed futures funds to U.S. investors, FINalternatives reports.

  • Vicente Capital Closes $165M Fund

    March 18, 2009

    Private equity firm, Vicente Capital Partners, has raised $165 million in the final closing of its Growth Equity Fund, AltAssets reports.

  • Ucits IV May Give Hedge Fund Managers A Boost

    March 18, 2009

    Changes to the Ucits directive which have been approved by the European Parliament under Ucits IV are likely to simplify the registration and cross-border distribution process of compliant funds, according to Karen Anderberg, a partner at law firm Dechert in London.

  • Mooring Shorts Everything

    March 18, 2009

    Mooring Financial Corporation is holding only short positions in both its Mooring Intrepid Fund and its Mooring Capital Fund, with no tangible belief of recovery in sight, according to John Jacquemin, ceo and founder.

  • Boone Marketer Joins Credit Fund

    March 18, 2009

    Sari Mayer, formerly of defunct Boone Capital, has joined Global Credit Advisers in New York as director of marketing and investor relations.

  • JPMorgan Prop Execs Prep Fund

    March 18, 2009

    Four ex-prop officials from JPMorgan are working on the launch of a new multi-strategy credit fund at their new shop, named Sancus Capital Management after the Roman god of loyalty.

  • Octane Exec To Join Axis

    March 18, 2009

    Lara Price, head of research at Octane Group, plans to join Axis Capital on March 30 and will manage the firm’s investments in hedge funds, funds of hedge funds and long-only managers.

  • Chimay To Liquidate L/S Equity Fund

    March 18, 2009

    Chimay Capital Management will stop trading its $200 million U.S. long/short equity Spartan Mullen Chimay series on March 31 and return all capital to investors.

  • Franklin Templeton Closes Asian PE Property Fund

    March 17, 2009

    Franklin Templeton Real Estate Advisors held the final close of the Franklin Templeton Asian Real Estate Fund with commitments of USD383 million.

  • Ping An To Open PE Arm

    March 17, 2009

    China’s Ping An Insurance is planning to launch a private equity unit with initial capital of 20 billion yuan, Reuters reports.

  • Korea’s KIC Names CIO

    March 17, 2009

    Korea Investment Corporation (KIC) has appointed Scott Kalb as its CIO, Reuters reports.

  • JPMorgan Hires For Asia, India PE

    March 17, 2009

    JPMorgan Chase has hired Vibhav Panandiker from Standard Chartered to help improve and expand private equity investments in South East Asia and India, Bloomberg reports.

  • Permira Chairman To Exit SVG Board

    March 17, 2009

    U.K private equity firm, Permira’s Chairman, Damon Buffini, is expected to leave U.K.-listed fund of funds, SVG Capital, Pensions News reports.

  • Capula Names Research Head

    March 17, 2009

    London-based hedge firm, Capula Investment Management, has appointed Suresh Sundaresan as head of research, Bloomberg reports.

  • TowerBrook To Invest $250M In Bank

    March 17, 2009

    U.K. private equity firm, TowerBrook Capital Partners, is planning to invest about $250 million of equity to form a lender, to small and medium enterprises, Financial News reports.

  • Marshall Wace Eyes Retail Funds

    March 17, 2009

    Hedge fund firm Marshall Wace Asset Management will manage funds available to retail investors and institutions, Financial News reports.

  • Trafalgar Ownership Shifts To Robinson

    March 17, 2009

    U.K. hedge fund manager, Trafalgar Asset Managers, is now completely owned by Lee Robinson, who founded the firm along with Theo Phanos, Financial News reports.

  • Riverstone Appoints MD

    March 17, 2009

    Riverstone Holdings, an energy and power-focused private equity firm, has appointed Peter Coneway as managing director.

  • NY FoF Manager Names Risk Head

    March 17, 2009

    Hedge fund of funds manager, Arden Asset Management, has appointed Matthew Bianco as head of risk, P&I reports.

  • Aladdin To Launch Brokerage, Film Unit

    March 17, 2009

    Alternative investment manager, Aladdin Capital Holdings, is planning to start a film financing unit and a broker-dealer, Bloomberg reports.

  • Thoma Bravo Closes Fund IX At $822.5M

    March 17, 2009

    Private equity firm, Thoma Bravo, has closed its ninth fund on hard cap of $822.5 million.

  • Ackman Seeks Five Target Board Seats

    March 17, 2009

    Hedge fund manager, William Ackman, is seeking to replace five directors at retailer, Target, The Wall Street Journal reports.

  • Goldman Turns To Distressed Debt

    March 17, 2009

    Goldman Sachs is seeking approval from its $15 billion private equity fund investors to transfer most of its remaining un-invested money into distressed debt, Financial Times reports.

  • Hedge Fund Research Introduces 38 New Indices

    March 17, 2009

    Hedge Fund Research has launched 38 new HFRX indices for new sub-strategies, geographic regions and specific countries, bringing the total number to 65. Regional indices range from BRIC nation and MENA indices, to Latin America, Multi-Emerging indices, and others to cover Northern Europe, Russia/Eastern Europe, Pan Europe, and an Aggregate index.

  • Water Street Taps JPMorgan For PE Admin

    March 17, 2009

    JPMorgan has won a mandate to provide private equity fund administration services to Water Street Healthcare Partners, a private equity firm focused on the health care industry.

  • Monaco RE Fund In The Works

    March 17, 2009

    KPR Capital is preparing to launch two funds, one of which will buy, renovate and sell residential property in Monaco.

  • Marketer Launches New Shop

    March 17, 2009

    Bob Torkelund, a third-party marketer, has founded Torkelund Investment Management with a view to initially offering Henrik Laulund’s real estate investment trust hedge fund to retail investors from the end of May.

  • Reech Adds Gold Share Classes

    March 17, 2009

    Reech Alternative Investment Management Group has added gold share classes to each of its funds, which are also available in U.S. dollar, sterling, euro and Swiss franc tranches.

  • Toronto Investor Fears For U.S. Healthcare

    March 17, 2009

    Brandon Osten, founder of Toronto-based Venator Capital Management, believes that the U.S. healthcare system will effectively be obliterated under the Barack Obama administration, and is avoiding areas that can be nationalized easily—namely insurers, health maintenance organizations (HMOs), home healthcare, hospitals and biotech companies.

  • Kiwi Fund Hopes For Oil Rush

    March 16, 2009

    Bill Buechler of Buechler Capital Asset Management believes New Zealand is in a better position than the U.S. and is putting his money where his mouth is with his Kiwi-Pacific Fund, investing in New Zealand ports and oil companies.

  • CQS Names Joint CEO

    March 16, 2009

    London hedge fund CQS has hired Grant Thompson of Barclays Capital as joint CEO with Michael Hintze.

  • Evercore, CITIC Securities Ink Partnership

    March 16, 2009

    Evercore Partners has formed an agreement with CITIC Securities International and announced the inauguration of CITIC Securities International Partners, which will focus on cross-border M&A advisory and investment management, and deal sourcing between China and other markets.

  • HFs To Sue Porsche Over VW Losses

    March 16, 2009

    Hedge funds are planning to sue Porsche over its involvement in share pricing in Volkswagen (VW), leading to billions of dollars of losses for the funds, Financial Times reports.

  • mCapital Boost Team For HF Launch

    March 16, 2009

    London and Hong Kong-based hedge fund firm mCapital has made new appointments in its management team, for its new hedge fund, HedgeWeek reports.

  • Krom River Floats Commodity HF

    March 16, 2009

    Krom River, a Swiss commodity hedge fund firm, has launched a quantitative commodity hedge fund, FINalternatives reports.

  • Centaurus To Float Arbitrage Fund

    March 16, 2009

    London hedge fund firm, Centaurus Capital, is planning to launch a new merger arbitrage fund, Financial Times reports.

  • Candover Seeks Buyer For Vehicle

    March 16, 2009

    U.K private equity firm, Candover, is planning to sell all or part of its listed vehicle, Financial Times reports.

  • Tosca Forms Mortgage HF Team

    March 16, 2009

    London-based hedge fund firm, Toscafund, has appointed a new team to buy securitized mortgages and other assets, The Financial Times reports.

  • AIMA Releases Statement On G20

    March 16, 2009

    AIMA CEO Andrew Baker released a statement noting that AIMA welcomes communication from the G20 Finance Ministers and said it already revealed its support for regulations of hedge funds managers.

  • Trident Extends Fund Services To U.S

    March 16, 2009

    Trident Trust is extending its fund administration service to the U.S. for domestic hedge and private equity funds, HedgeWeek reports.

  • KPE To Sell U.S. Stakes For $200M

    March 16, 2009

    KKR Private Equity Investors (KPE) will sell parts of its five investments to a KKR-sponsored fund, for $200.4 million in cash, Reuters reports.

  • SkyBridge To Invest In NY HF

    March 16, 2009

    Hedge fund seeder, SkyBridge Capital, has promised an undisclosed amount to a New York-based emerging markets hedge fund, Union Avenue Advisors.

  • NewSpring Names Fund Partner

    March 16, 2009

    Venture capital firm NewSpring Capital has hired Bruce Downey as partner in the firm’s healthcare fund, effective April 1.

  • Mayfield Fund Appoints CFO

    March 16, 2009

    Venture capital firm Mayfield Fund has hired Kendall Cooper as CFO, Private Equity Wire reports.

  • Sandell Exec Joins Spearhead

    March 16, 2009

    Tim Boggs has left Sandell Asset Management to join third-party marketing firm Spearhead Capital.

  • Horizon21 To Shutter Three Fofs

    March 16, 2009

    Rainer-Marc Frey's $6.9 billion alternatives firm, Horizon21, is winding down three funds of funds with combined assets of almost $950 million.

  • Senior Lawyer Advises Secondary PE Sellers

    March 16, 2009

    U.S. law firm Kaye Scholer is seeing an uptick in activity in the secondary private equity market and is advising its clients on offloading positions.

  • Prime Broker Sees Carve-Outs Dominating

    March 16, 2009

    Edgar Senior, head of global capital services at Credit Suisse, says that new fund launches are being dominated by managers with established multi-strategy offerings launching single-strategy hedge funds and managed accounts.

  • Alts Pros See Distressed Hurdles

    March 16, 2009

    Opportunities abound in distressed debt for hedge funds, but industry players in Europe say there are still obstacles to overcome before value can be more effectively tapped.

  • CQS Gets Co-CEO From Barclays

    March 16, 2009

    Grant Thompson will join CQS this week as joint chief executive officer, a newly-created role.

  • Inoks Pushes Financing Fund, Plans Offshoots

    March 16, 2009

    Following the departure of its founder and ceo, Inoks Capital in Geneva will focus on growing its sole offering, Ancile— a $103 million trade financing fund that provides working capital to commodity producers mainly in Africa, Southeast Asia and Brazil.

  • Qatar Investment Authority To Halt For Six Months

    March 13, 2009

    The Qatar Investment Authority (QIA) said it does not plan to make any investments in the next six months and will focus more on commodities, food, energy and water after its reviews its investment strategy, Business Intelligence Middle East reports.

  • Sabre Capital To Invest $48M In India

    March 13, 2009

    Sabre Capital has raised $48.43 million to invest in Indian healthcare sector, Reuters reports.

  • SEAF To Start $75M India Agri Fund

    March 13, 2009

    U.S.’s Small Enterprise Assistance Funds will unveil a $75 million fund in India, intended to take stakes in agriculture-related businesses, The Wall Street Journal reports.

  • European PE Returns Slump 25% In 2008

    March 13, 2009

    European private equity returns were 25% lower in 2008 as company valuations dropped amid the global crisis, Reuters reports, citing Thomson Reuters and Europe’s private equity trade unit.

  • Del Mar To Float Index Opps Fund

    March 13, 2009

    Del Mar Asset Management is planning to launch the Index Opportunities Fund, HedgeWeek reports.

  • Brass Debuts $100M PE Fund

    March 13, 2009

    San Antonio-based Brass Real Estate Funds is launching a $100 million debut blind pool private equity real estate vehicle, Private Equity Real Estate reports.

  • Pappas Ventures Closes $102M VC Fund

    March 13, 2009

    North Carolina’s Pappas Ventures has raised $102 million for its fourth venture capital fund, Private Equity Wire reports.

  • Carlyle Gets $234M Settlement

    March 13, 2009

    Carlyle will receive $234 million as settlement from Russian steel maker, Novolipetsk Steel (NLMK), AltAssets reports.

  • Sprott AM Launches Gold Bullion Fund

    March 13, 2009

    Sprott Asset Management (SAM) is launching the Sprott Gold Bullion Fund on March 17, 2009.

  • Toronto Firm Plays Obama Energy Plan

    March 13, 2009

    Creststreet Asset Management is honing in on the renewable energy space with its Creststreet Alternative Energy Fund.

  • AIN Data Commentary, March 13, 2009

    March 13, 2009

  • SEC Verifying Client Assets Held By Hedge Funds

    March 13, 2009

    The Securities and Exchange Commission's Office of Compliance Inspections and Examinations has begun to contact the clients of hedge funds and other investment advisors as part of a move to verify the existence of assets held in custody by IAs.

  • One Year Ago In Alternative Investment News

    March 12, 2009

    Vision Brazil Investments teamed up with Moore Capital Management to launch a fund focusing on Brazilian commercial and residential real estate...

  • "I think Argentina's greatest contribution is probably measured in soccer players."

    March 12, 2009

    --Manager Ken Phillips of RCG Capital Advisors is steering clear of South America.

  • Alternatives Manager Search Directory

    March 12, 2009

  • Mandate Scoreboard

    March 12, 2009

  • Funds Of Hedge Funds

    March 12, 2009


 

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