Stories

  • Aditya Birla PE Plans $2B Funds

    March 26, 2009

    India’s Aditya Birla Private Equity is planning to raise about $2 billion in private equity capital in the next five years, Business Standard reports.

  • RAB Capital Profit Falls 93%

    March 26, 2009

    Hedge fund manger RAB Capital has posted a 93% fall in underlying pretax profit, Reuters reports.

  • Gottex Hikes Dividend

    March 26, 2009

    Hedge fund firm, Gottex Fund Management, has raised its dividend, despite a 41% drop in profits in 2008, Reuters reports.

  • Finles Floats Global Macro Fund

    March 26, 2009

    Dutch firm, Finles Capital Management, is starting a global macro fund, which will focus on absolute returns, FINalternatives reports.

  • Vespa Plans €100M For Debut PE Fund

    March 26, 2009

    Private equity firm Vespa Capital is expecting to raise €100 million for its first fund, launched in November 2008, AltAssets reports.

  • Climate Change Plans €500M PE Fund

    March 26, 2009

    U.K.’s Climate Change Capital (CCC) is targeting €500 million for a private equity fund, AltAssets reports.

  • Wendel Names Chirac Adviser CEO

    March 26, 2009

    Private equity firm Wendel Investments has appointed Frédéric Lemoine as CEO, Financial Times reports.

  • Och-Ziff Adds In Structured Credit

    March 26, 2009

    Och-Ziff Capital Management has expanded its European structured credit team with the hiring of Nim Sivakumaran and Sameer Dalamal.

  • Apollo, Blackstone Eye Merrill Stake

    March 26, 2009

    Private equity firms, Apollo Management and The Blackstone Group, are planning to take a 25% stake in a Bank of America Merrill Lynch fund, Thomson Merger News reports.

  • Forsyth Capital Names New MD

    March 26, 2009

    Private equity firm Forsyth Capital Investors has named Ryan Gable as a co-founder and managing director.

  • IVP To Invest $150M In IT Cos

    March 26, 2009

    Institutional Venture Partners (IVP) is planning to inject $100-150 million into digital-media, wireless and information-technology companies, this year, Bloomberg reports.

  • Vector Capital Completes $160M Deal

    March 26, 2009

    A consortium led by private equity firm Vector Capital has taken Aladdin Knowledge Systems private, AltAssets reports.

  • Liontrust Moves Into Credit

    March 26, 2009

    Liontrust Asset Management has acquired Ilex Asset Management and with it the long/short Ilex Credit Fund.

  • Grosvenor, Lexington Scoop Alts Awards

    March 26, 2009

    Grosvenor Capital Management and Lexington Partners took home the accolades in the alternatives manager categories of AIN sister publication Money Management Letter’s awards, held at the St Regis-Monarch Beach Resort in Dana Point, Calif. earlier this month.

  • Hedge Fund Managers Still Rolling In Dough

    March 26, 2009

    Top dogs at big funds racked up the cash in 2008, according to AIN sister publication Alpha’s eighth annual ranking of the highest-paid hedge fund managers.

  • Aureos Expects Assets To Double

    March 26, 2009

    Aureos Capital, the Mauritius-based private equity firm, will hold the final closing of its Aureos Africa Fund at $400 million, which the firm hopes to reach by July.

  • IOSCO May Expand Short Sale Principles

    March 26, 2009

    The International Organization of Securities Commissions’ technical committee may expand on its principles for regulating short selling.

  • CQS Readies L/S Credit Fund

    March 26, 2009

    CQS will launch the CQS Credit Long Short Fund in April, with a starting size of $100 million.

  • TSG Spots Opportunities In Leveraged Companies

    March 25, 2009

    Billion dollar TSG Consumer Partners has invested $100 million of TSG V with plans to invest an additional $100-150 million in the remainder of 2009.

  • Asia PE, Hedge Fund Ops To Shrink

    March 25, 2009

    More hedge funds and private equity firms are likely to shrink or cut their Asian operations completely because of the global financial crisis, Reuters reports, citing two industry experts.

  • CQS Redemptions Rate Slows

    March 25, 2009

    The redemptions rate at British hedge fund, CQS, has slowed in the first quarter of 2009, Reuters reports.

  • Polaris Raises €275M For PE Fund

    March 25, 2009

    Denmark’s Polaris Private Equity has raised €275 million at the first closing of its third fund, AltAssets reports.

  • Stellar AM Launches Forestry Fund

    March 25, 2009

    Stellar Asset Management has launched the First Stellar Forestry fund and is seeking to raise £5 million for the same, Financial Times reports.

  • TCI Co-Founder Exits

    March 25, 2009

    Snehal Amin, co-founder of London hedge fund, The Children’s Investment Fund (TCI), has left, The Financial Times reports.

  • Carlyle, THL, Greenbriar Bid For ILFC

    March 25, 2009

    Three private equity groups are bidding for American International Group’s aircraft leasing unit, Reuters reports.

  • Carlyle Elevates 24 Execs

    March 25, 2009

    Carlyle has elevated 24 executives to managing director or principal/director, The New York Times reports.

  • PSAM To Buy Three HFs

    March 25, 2009

    P Schoenfeld Asset Management is planning to buy three hedge funds, with $200-$400 million each in assets under management, Reuters reports.

  • Ex-Citadel Exec Plans Volatility HF

    March 25, 2009

    A former global head of volatility arbitrage at Citadel Investment is planning to launch his hedge fund, Bloomberg reports.

  • Bridgewater Considers U.S. Asset Plan

    March 25, 2009

    Hedge fund firm, Bridgewater Associates, is mulling taking part in the U.S. Treasury’s public-private investment program, Reuters reports.

  • Archery Shuts Three FoFs, Closes NY Office

    March 25, 2009

    Archery Capital will shutter three of its onshore funds of hedge funds in the next few months and will also close its New York office.

  • Big Funds Move To Outsource Administration

    March 25, 2009

    Investors are demanding that those hedge funds that still perform their own administration outsource it to a third party.

  • Investec Favors LatAm Currencies

    March 25, 2009

    Investec Asset Management’s $150 million Emerging Market Debt Fund has closed out its short positions in Eastern Europe, adding long positions in Latin American currencies, according to the firm’s most recent investor letter.

  • Startup Seeks Seeder For Euro L/S Fund

    March 25, 2009

    Marco Ricci is talking to early-stage and seed investors to raise EUR50 million for the European long/short fund that he plans to launch in May on the PCE Investors platform.

  • Tiburon Likes Australia

    March 25, 2009

    London’s Tiburon Partners has been building up exposure to Australia in its Tiburon Tiger Fund, a long/short Asia ex-Japan fund.

  • Swiss Shop To Reveal Holdings Online

    March 25, 2009

    Vicente Zaragoza, founder of alternatives firm Pentium Fund, is planning to disclose the positions in his three funds on the firm's Web site, including short positions--closely guarded by most hedge funds and considered to be their secret weapons.

  • Abu Dhabi Investment House Preps Distressed Fund

    March 24, 2009

    The Abu Dhabi Investment House is planning to launch a fund to purchase distressed assets, a top official told Khaleej Times.

  • Robeco To Set Up Chinese PE Venture

    March 24, 2009

    Dutch asset manager Robeco along with a Chinese private equity company TEDA International will set up a joint venture clean-tech private equity firm, Global Pensions reports.

  • Fullerton To Up HF Investment

    March 24, 2009

    Fullerton Fund Management, a unit of Singapore investor Temasek, will apportion more funds to hedge fund products, Reuters reports.

  • India-Focused PE Fund Aims At $400M

    March 24, 2009

    Private equity fund, Akansa Capital, is targeting $300 – $400 million to be invest in Indian companies, AltAssets reports.

  • Polar Sees Redemptions Subside

    March 24, 2009

    Polar Capital is expecting an end in the wave of withdrawals, Reuters reports.

  • Deutsche Expects $200B HF Redemptions

    March 24, 2009

    A survey by Deutsche Bank has revealed that one-third of hedge fund investors expect over $200 billion to be withdrawn from the sector this year, Financial Times reports.

  • Coller Capital To Launch PE Fund

    March 24, 2009

    Coller Capital, a global investor in the private equity secondary market, is planning to start a new fund, Reuters reports.

  • Crosby To Shutter FoFs Range

    March 24, 2009

    Crosby Asset Management will shut its range of fund of hedge funds, Financial Times reports.

  • Forsyth Capital Names MD

    March 24, 2009

    Private equity firm Forsyth Capital Investors has appointed Ryan Gable as co-founder and managing director, Business Journal reports.

  • Apollo Seeks Fund To Buy Debt

    March 24, 2009

    Private equity firm Apollo Management is targeting limited partners for a potential fund, which would buy discounted debt of the firm’s own portfolio companies, The Wall Street Journal reports.

  • Industry Ventures Closes $256M VC Fund

    March 24, 2009

    Industry Ventures, which focuses on secondary venture capital investments, has closed its fifth fund at $256 million, The Wall Street Journal reports.

  • KKR Sees PE Role In Govt Program

    March 24, 2009

    KKR & Company may team up with the government in an investment deal to buy assets, Reuters reports.

  • U.S. PE Firms Offer $5B For iShares

    March 24, 2009

    Private equity firm Hellman & Friedman, along with a group of private equity companies, is offering about $5 billion for Barclays’ asset management business, iShares, The Wall Street Journal reports.

  • SSI Hires Artisan Marketer

    March 24, 2009

    SSI Investment Management has hired Emily Colella to fill the new position of director of institutional client service/marketing management.

  • Iraq Manager Sees Oil Privatization

    March 24, 2009

    Björn Englund, founder of Iraq-focused Godvig Capital Management, expects oil service companies there to begin listing on the Iraq Stock Exchange in the next two years.

  • Petercam Vets Gain With Modest Long Bias

    March 24, 2009

    Antaurus Capital Management, an Amsterdam boutique set up in 2006 by a quartet of ex-Petercam Bank staffers, has seen impressive gains this year for its European equity hedge fund thanks to a low net-long exposure and strong performance in its short book.

  • Geneva Firm Adds Quant Pro

    March 24, 2009

    The Princes Gate Group has tapped Susanna Cucciarelli to focus on quantitative modelling for its various hedge funds.

  • Watchdogs May Restructure HF Fee

    March 23, 2009

    The G20 has asked International Organization of Securities Commissions to look into hedge fund pays, which may need to be regulated to prevent the pursuit of short-term profits at the expense of clients, Financial Times reports.

  • U.K. HF Sells For £123.7M

    March 23, 2009

    The sale of a British hedge fund firm, Marble Bar Asset Management, has provided £123.7 million to its founder, Times Online reports.

  • Candover Gears Up For Sale

    March 23, 2009

    Private equity firm, Candover Investments, is putting itself up for sale, to a third party, Financial News reports.

  • Weavering Capital HF Shuts

    March 23, 2009

    London-based hedge fund firm, Weavering Capital’s flagship fund has collapsed, The Financial Times reports.

  • PE Firm Hires Facebook Co-Founder

    March 23, 2009

    U.S. buyout firm, General Catalyst Partners, has appointed Chris Hughes, as an entrepreneur-in-residence, FINalternatives reports.

  • Ontario To Launch Green Tech VC Fund

    March 23, 2009

    Ontario is launching a $201 million fund to invest in start-up green technology companies, AltAssets reports.

  • HF Hires Investor Relations Head

    March 23, 2009

    Hedge fund manager, Rail-Splitter Capital Management, has appointed Thomas Barron as managing director of investor relations, P&I reports.

  • Corsair Capital Plans Fund IV Launch

    March 23, 2009

    Corsair Capital is planning to launch its fourth financial services investment fund for $1 billion, Pehub reports.

  • Paris Shop Banks On Direct Investment

    March 23, 2009

    When investors return to hedge funds, a greater proportion will invest directly. So says Thierry Dupont, co-founder of Paris hedge fund boutique BDL Capital Management, who hopes his redemption-hit long/short equity fund will be among those to benefit.

  • Macro Fund Eyes Reopening

    March 23, 2009

    KPR Capital is considering reopening its flagship global macro fund to investors in the coming months if, as Director Giovanni Pennetta expects, market conditions begin to settle.

  • Ex-PAAMCO, Deloitte Pros Launch Consultancy

    March 23, 2009

    Patricia Watters and Mason Snyder have launched Catalina Partners, a risk management consultancy targeting both institutional investors and investment managers in the U.S.

  • MidEast PE Raises $6.4 billion

    March 20, 2009

    Middle East private equity fund managers raised a record $6.4 billion in 2008, up over 10% from 2007, Saudi Gazette reports, citing the Gulf Venture Capital Association’s (GVCA) 2008 report on private equity and venture capital in the Middle East.

  • Aussie Govt. To Bankroll Startup Sector

    March 20, 2009

    The Australian government plans to offer up to AU$83 million to early stage start-up companies in response to the fund crisis stemming from the global financial crisis, AltAssets reports.

  • Macquarie Raises $380M Asian PE FoFs

    March 20, 2009

    The Macquarie Funds Group has raised $380 million for two Asian funds of funds, Private Equity Online reports.

  • Castlestone Offers HF To U.K. Investors

    March 20, 2009

    Castlestone, an alternative asset manager, will open its Porcupine Global Macro fund to U.K. retail investors, Citywire reports.

  • F&C To Sell HF In Germany

    March 20, 2009

    F&C, a U.K. asset manager, is offering its hedge fund-style active return fund for sale, in Germany, Citywire reports.

  • UBP To Overhaul FoFs Range

    March 20, 2009

    Union Bancaire Privée (UBP) is planning to revamp its fund-of-funds range by decreasing the number of third party funds on its shortlist, Citywire reports.

  • HgCapital Buys Three Spanish Plants

    March 20, 2009

    HgCapital, a U.K. private equity firm, has bought three Spanish solar energy plants, Financial News reports.

  • HFs Buy Stocks Again

    March 20, 2009

    U.S. hedge funds are buying more of the nation’s stocks than they are selling, for the first time since October, Bloomberg reports.

  • Paulson Hires Ex-Deutsche MD

    March 20, 2009

    Hedge fund firm, Paulson & Company, has tapped a real estate analyst from Deutsche Bank, Reuters reports.

  • Goldman Warns Against Closing HF

    March 20, 2009

    Goldman Sachs has warned its London-listed fund of hedge funds’ shareholders on voting against continuing the $522 million fund, Financial Times reports.

  • TPG Writes Down Fund VI By 29%

    March 20, 2009

    Private equity firm, TPG, has written down the value of investments in its sixth buyout fund, Reuters reports.

  • Apollo Eyes Major Share In Charter

    March 20, 2009

    Apollo Management is planning to take a significant stake in Charter Communications, as part of the cable company’s bankruptcy restructuring, The Wall Street Journal reports.

  • Site Data: Investors Searching For Equity L/S Strats

    March 20, 2009

    From February 1 through March 16, investors on the newly-launched Web site HedgeACT.com were more interested in viewing equity long/short hedge funds than all other fund strategies combined, according to data obtained by AIN.

  • Commodities Shop Happy With Fed’s Move

    March 20, 2009

    Despite concern that the Federal Reserve purchasing $300 billion in U.S. Treasuries will cause inflation, New York-based Juno Mother Earth Asset Management is optimistic on how it will affect the overall commodities market.

  • California Fund Eyes Shift To 100% Managed Accounts

    March 20, 2009

    Foster City, Calif.-based Bailard will now offer its $20 million market-neutral REIT hedge fund solely in the form of separately managed accounts and if it is successful may roll out the strategy to its other funds.

  • AIN Data Commentary, March 20, 2009

    March 20, 2009

    With the exception of CASAM, our data sources have all reported their February returns.

  • One Year Ago In Alternative Investment News

    March 20, 2009

    Hedge funds began to re-evaluate their reliance on sole prime brokers following Bear Stearns' troubles...

  • "A lot of investing I've found is follow-the-leader, lemmings off the cliff."

    March 20, 2009

    --Bill Buecher, president of Buechler Capital Asset Management, on why he likes to get into positions early.

  • Alternatives Manager Search Directory

    March 20, 2009

  • Mandate Scoreboard

    March 20, 2009

  • Global Macro Hedge Funds

    March 20, 2009


 

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