Stories

  • Investec Unit Eyes Romanian Leu Plays

    April 03, 2009

    Investec Asset Management is looking into how to play volatility on the euro/Romanian leu cross via its currency funds.

  • Boutiques Draw Hedgies’ Research Favor

    April 03, 2009

    Boutique investment firms like the Maxim Group and Janney Montgomery Scott are becoming the top research resource for hedge funds.

  • Cheyne, UNIQA CLO Squared Hit EOD

    April 03, 2009

    The $305.5 million Cheyne CLO Investments 1 from London-based hedge fund firm Cheyne Capital has hit an event of default, which may make it one of the first collateralized loan obligation, backed entirely by other CLOs, to do so.

  • Ottawa Shop Readies Daily Liquidity HF Index

    April 03, 2009

    Mountjoy Capital, an Ottawa-based hedge fund research shop, is planning to roll out an index of hedge funds offering daily liquidity.

  • Hedge Fund NAV Options Get Messy

    April 03, 2009

    Several over-the-counter options referencing the net asset value of hedge funds are reportedly set to expire this year, but the liquidity crunch has meant unwinding the trades—mostly put on during 2006 and 2007 when the funds were performing—is proving a challenge.

  • Australia’s HFA Loses Chairman

    April 02, 2009

    Brett Howard, chairman of Australian hedge fund manager HFA Holdings, has resigned, Bloomberg reports.

  • Swedish HF Cuts Minimum Investment

    April 02, 2009

    Swedish hedge fund manager, Brummer & Partners, has reduced the minimum amount required to invest in its multi-strategy fund, Citywire reports.

  • Carlyle Ends Talks With U.K. Co

    April 02, 2009

    Talks about a possible offer by private equity firm Carlyle for U.K. software company Innovation Group have ended, Reuters reports.

  • Gimv Seeks Investors For Second Close

    April 02, 2009

    Belgian alternative investment firm Gimv is negotiating with potential investors to raise additional capital for the second closing of its fund, Private Equity Wire reports.

  • GAM To Buy London Asset Manager

    April 02, 2009

    Hedge fund firm GAM will buy London’s Augustus Asset Managers for an undisclosed amount, The Wall Street Journal reports.

  • G20 To Regulate Large Hedgies

    April 02, 2009

    World leaders will vow to regulate major hedge funds for the first time and establish a new oversight board to monitor the global financial system, according to a draft of the G20 communiqué Reuters obtained from delegation officials.

  • Fortress Alleges Loss In Dreier Fraud

    April 02, 2009

    Private equity and hedge fund manager Fortress Investment Group has alleged it lost $125.7 million in buying fake promissory notes, Bloomberg reports.

  • SEC Charges HF Manager With $55M Fraud

    April 02, 2009

    The U.S. Securities and Exchange Commission has charged New York hedge-fund manager Edward Stein with running a Ponzi scheme, which took in over $55 million, The Wall Street Journal reports.

  • Mass. Charges Madoff Feeder With Fraud

    April 02, 2009

    Massachusetts has charged Fairfield Greenwich Group, the largest feeder fund to Bernard Madoff’s Ponzi scheme, with civil fraud, The Wall Street Journal reports.

  • CVC Names New Partners

    April 02, 2009

    Private equity firm CVC Capital Partners has appointed Kamil Salame as a partner and U.S. head of Financial Institutions Group, effective immediately.

  • HRJ To Hand Over Mgt Of $2.1B Fund

    April 02, 2009

    Fund of funds firm HRJ Capital will hand over the management of its $2.1 billion fund to Swiss fund of funds firm Capital Dynamics, AltAssets reports.

  • Santa Barbara Ups Hedge Fund Allocation

    April 02, 2009

    The $1.25 billion Santa Barbara County Employees Retirement System has approved a new asset allocation that will free up approximately $20 million to be invested in funds of hedge funds.

  • MFA Updates Hedge Fund Best Practices

    April 02, 2009

    The Managed Funds Association has updated its Sound Practices, a report on voluntary best standards for hedge fund managers.

  • Rock Maple Seeks Anglo Money

    April 02, 2009

    Fund of hedge funds firm Rock Maple Funds is pushing to raise more money in North America and Europe, and has brought on Mark Tower of Muirfield Capital Management to help spearhead the efforts.

  • Investors Drain Successful Fund

    April 02, 2009

    Despite returning a massive 108% last year, Christofferson Robb & Company’s long/short CRC Financials Opportunity Fund was hammered by redemptions, plummeting to $35 million from the $145 million it managed at its peak in the autumn.

  • Investors: We'll Pay For Performance

    April 02, 2009

    Despite recent proposals from the California Public Employees' Retirement Systems (CalPERS) and the Utah Retirement Systems saying that hedge funds should offer better terms and lower fees, some investors say they are still happy to pay the typical fees so long as their funds perform.

  • Moab Bullish On Credit

    April 02, 2009

    Moab Capital Partners is leaning heavily toward credit in its Moab Partners Fund, staying away from merger arbitrage.

  • Swedish Firm Closes Auto Safety Play

    April 02, 2009

    Sentat Asset Management, a Stockholm-based hedge fund boutique, is exiting car security manufacturer Autoliv after playing the stock two ways—initially as a short position and then as part of its long book.

  • Dubai Bank Lists Fund On Irish Bourse

    April 01, 2009

    Dubai investment bank, Rasmala Investments, has listed its Rasmala MENA Equity Opportunity Fund on the Irish Stock Exchange, Zawya reports.

  • Japan’s GCI To Launch ¥10B HF

    April 01, 2009

    Japan’s GCI Asset Management will launch a new fund, to take advantage of bargains in hybrid securities, Bloomberg reports.

  • CIC Invests In Morgan Stanley $6B Fund

    April 01, 2009

    Morgan Stanley is nearing almost $6 billion for a new global property fund, the Morgan Stanley Real Estate Fund VII Global, Reuters reports.

  • BlackRock Launches Euro Absolute Alpha

    April 01, 2009

    BlackRock has launched the European Absolute Alpha fund, Investment Week reports.

  • Candover Appoints General Counsel

    April 01, 2009

    Private equity firm, Candover Investments, has appointed Philip Price as general counsel, Financial News reports.

  • GAM Taps Credit Suisse Adviser

    April 01, 2009

    Hedge fund firm GAM has named Rupert Cecil as client director in its managed portfolios team in London, Financial Times reports.

  • RREEF Taps Deutsche EMEA Buyout Head

    April 01, 2009

    Nick Gaynor has been appointed a managing director at RREEF Alternative Investment, the private equity arm of Deutsche Bank, Reuters reports.

  • Goldman Banker To Form Investment Fund

    April 01, 2009

    Goldman Sachs banker Byron Trott is exiting the bank to start his own investment fund, Financial Times reports.

  • Blackstone Opens Paris Office, Appoints Senior MD

    April 01, 2009

    The Blackstone Group has expanded its international corporate M&A and restructuring advisory network with the launch of a Paris office and the hiring of Jean-Michel Steg as senior managing director.

  • Apollo, Colony Mull Distressed Fund Launches

    April 01, 2009

    Private equity firms Apollo Global Management and Colony Capital, may launch funds to buy distressed mortgage debt from U.S. banks, under a government program, Bloomberg reports.

  • Cerberus May Use Fund To Pay Investors

    April 01, 2009

    Cerberus Capital Management is planning to use stakes in a new fund to pay investors seeking withdrawals from a hedge fund, Bloomberg reports.

  • Apollo Fund Assets Drop 60%

    April 01, 2009

    Private equity firm Apollo Management’s publicly traded fund has posted a 60% fall in the value of its assets in 2008, The Wall Street Journal reports.

  • Siguler Guff Hires Distressed Real Estate Head

    April 01, 2009

    Multi-strategy private equity firm Siguler Guff has appointed James Corl as managing director for distressed real estate investments, FINalternatives reports.

  • Bay Hills Appoints Partner

    April 01, 2009

    Private equity fund of funds Bay Hills Capital Management has appointed Jeff Mansukhani as a partner, AltAssets reports.

  • Renaissance Exec Sues Over Toy Trains

    April 01, 2009

    Robert Mercer of Renaissance Technologies Corp. is accusing RailDreams Custom Model Railroad Design of overcharging him by nearly $2 million for an intricate HO-scale model railroad constructed and installed in his mansion in Long Island, according to the New York Daily News.

  • Trade Financing Firm Seeks To Fill Bank Void

    April 01, 2009

    The International Investment Group (IIG) wants to grow its global trade financing business, including its Latin American trade financing fund Trade Opportunities Fund, to $2 billion from $650-700 million.

  • Ex-Galleon Pros Team Up

    April 01, 2009

    Former Galleon Group trader Todd Deutsch plans to launch a trading-oriented hedge fund focused on U.S. stocks in the second half of the year.

  • Stenham To Increase Macro Exposure

    April 01, 2009

    Stenham is looking at adding exposure to global macro managers in its multi-strategy fund of funds.

  • French Firm Seeks U.K., U.S. Assets

    April 01, 2009

    Paris-based Varenne Capital Partners is looking for third-party marketers in the U.K. and U.S. as it seeks to grow its investor base outside French-speaking Europe.

  • Swedish Firm Tests Fund Of Funds

    April 01, 2009

    Stockholm-based CB Asset Management has begun running a simulated fund of funds portfolio with plans to launch it to investors.

  • Hedgies See Cash Coming From HNW

    April 01, 2009

    Single-family offices and affluent investors will be the largest sources of new capital for the hedge fund industry this year, according to a Rothstein Kass research report.

  • Carlyle To Raise $1B Asia RE Fund

    March 31, 2009

    The Carlyle Group is raising a $1 billion Asia real estate fund, Carlyle Asia Real Estate Partners II, Reuters reports.

  • Truells Launch Cleantech VC Fund

    March 31, 2009

    Edmund and Danny Truell have started a venture capital fund that will invest in clean technology and renewable energy projects, Financial News reports.

  • Crédit Agricole PE Teams With VC Firms

    March 31, 2009

    France’s Crédit Agricole Private Equity has teamed up with three seed capital firms, to expand its base of investment opportunities, AltAssets reports.

  • Aquila Launches $400M Property Fund

    March 31, 2009

    Aquila Capital, a German alternative investment firm, has floated a new farm property development fund, Financial Times reports.

  • Blackstone Hires French Advisory Head

    March 31, 2009

    Blackstone Group has appointed Jean-Michel Steg as senior managing director in Paris, Bloomberg reports.

  • GAM Adds Client Director In London

    March 31, 2009

    GAM has named Rupert Cecil as client director in its managed portfolios team in London.

  • Blackstone Refuses SEC Request

    March 31, 2009

    Blackstone has rejected the Securities and Exchange Commission’s request to publicly disclose the performance of its buyout and hedge funds, The Wall Street Journal reports.

  • NewOak Capital Names RMBS Structuring Director

    March 31, 2009

    NewOak Capital has appointed Samuel Warren director of RMBS structured solutions.

  • Ramius, Hatteras To Launch Hedge FoF

    March 31, 2009

    Ramius Fund of Funds Group and Hatteras Capital Investment Management are together planning to launch a new hedge fund of funds, P&I reports.

  • Skybridge Plans $250M HF Seeder Fund

    March 31, 2009

    SkyBridge Capital is planning to raise $250 million for its third hedge fund seeding vehicle in May, FINalternatives reports.

  • Serotta To Launch $100M Oil HF

    March 31, 2009

    Former Vitol Group oil trader Andrew Serotta is planning to launch a $100 million hedge fund, Bloomberg reports.

  • Essex Woodlands Closes $900M VC Fund

    March 31, 2009

    Essex Woodlands Health Ventures has raised $900 million for its eighth fund, The Wall Street Journal reports.

  • Google To Invest $100M In VC Fund

    March 31, 2009

    Google is planning to commit $100 million, in the first year, to its planned venture-capital fund, The Wall Street Journal reports.

  • Visium Hit By FoF Redemptions

    March 31, 2009

    Visium Asset Management’s long/short fundamentally-driven Visium Balance Fund has shrunk to $1.3 billion—down from $2 billion at its peak in June.

  • Ex-Citi MD Joins Conifer

    March 31, 2009

    Sal Campo has joined Conifer Securities as partner and head of sales after spending 27 years at Citigroup, most recently as managing director and head of prime brokerage sales.

  • Lewis Departs Credit Suisse

    March 31, 2009

    Craig Lewis, managing director and head of the hedge fund advisory business in Credit Suisse’s London office, left the firm last week.

  • Quant Gold Fund To Debut

    March 31, 2009

    A quantitative long/short gold and precious metals fund, believed to be the first of its kind, is set to launch on May 1.

  • Aquila Readies PE Farm Property Fund

    March 31, 2009

    Aquila Capital is raising money for a private equity fund that will invest in farm property.

  • Polar Eyes Healthcare Hedge Fund

    March 31, 2009

    Polar Capital in London is looking into launching a long/short version of its healthcare fund.

  • Augustus Pushes Quant Currency Fund

    March 31, 2009

    Augustus Asset Managers wants to grow its JB Currency Hedge Fund to between $500 million and $1 billion within the next four years, now that it has reached a one-year track record.

  • 3i Eyes India’s Healthcare Sector

    March 30, 2009

    3i Group is seeking fresh investments in the Indian healthcare sector, Livemint reports.

  • Palamon Capital Names London VP

    March 30, 2009

    European mid-market private equity firm, Palamon Capital Partners, has named Pascal Noth as vice president, AltAssets reports.

  • Eaton, LLP Launch Property Fund

    March 30, 2009

    Eaton Investment Management and financial services firm, LLP Services, have together launched a closed-end commercial property fund, Financial Times reports.

  • Frog Capital Boosts VC Funds To €100M

    March 30, 2009

    London-based venture fund, Frog Capital, has increased its funds under management from €60 million to €100 million, Financial Times reports.

  • Russia Partners Starts $800M PE Fund

    March 30, 2009

    Russia Partners, a private equity firm, has launched an $800 million fund, Reuters reports.

  • London HF Loses Five Partners

    March 30, 2009

    Five partners of London Diversified Fund Management (LDFM) have left the firm, Financial News reports.

  • AIG PE Trims Holdings By 46%

    March 30, 2009

    Swiss investment company, AIG Private Equity, has cut the valuation of its holdings by 46%, The Wall Street Journal reports.

  • BofA Shuts Merrill’s Brazilian PE Ops

    March 30, 2009

    Bank of America (BofA) has shuttered Brazilian private equity operations of Merrill Lynch, BNamericas reports.

  • Autumn Gold Starts Futures Fund

    March 30, 2009

    Arizona-based investment firm Autumn Gold Portfolio Management has launched a futures fund called Autumn Gold Multi-Advisor Fund.

  • Atlantic-Pacific Closes $140M PE Fund

    March 30, 2009

    Atlantic-Pacific Capital, the biggest independent global placement agent for alternative investment funds and direct private placements, has raised $140 million at the final closing of its fund.

  • Resilience Capital Names RE Fund Head

    March 30, 2009

    Private equity firm, Resilience Capital Partners, has named Stanley Shashoua as the head of the firm’s real estate fund, FOXBusiness reports.

  • Investcorp Withdraws $50M From U.S. HF

    March 30, 2009

    Hedge fund seeder, Investcorp, is withdrawing its $50 million investment in Washington Corner Capital Management, FINalternatives reports.

  • Oak Invests $50M Via PIPE Deal

    March 30, 2009

    Venture capital firm, Oak Investment Partners, has invested $50 million in cancer diagnosis company, Clarient, through a PIPE deal, AltAssets reports.

  • Rainier Capital Starts RE Mezz Fund

    March 30, 2009

    Rainier Capital Management has floated a $50 million real estate mezzanine loan fund, Private Equity Wire reports.

  • Former UBS Commodities Head To Start Fund

    March 30, 2009

    Ashraf Rizvi, former head of commodities trading at UBS in Stamford, Conn., has founded Summerhaven Investment Management.

  • AIMA On Lobbying Push

    March 30, 2009

    The Alternative Investment Management Association has sent a targeted newsletter to all U.K. members of parliament and senior civil servants in an effort to change their opinion of hedge funds.

  • Fery Sets Sail With Managed Accounts

    March 30, 2009

    Loïc Fery has begun trading his planned credit strategy but has postponed the launch of a pooled fund, instead running all client capital via managed accounts.

  • Och-Ziff Eyes Distressed Plays With Hires

    March 30, 2009

    Och-Ziff Management Europe has hired a former Citigroup securitization structurer and a commercial residential mortgage-backed securities trader previously with Deutsche Bank for its London office to start buying distressed securitized bonds.

  • Andresen Leaves Citadel

    March 30, 2009

    Matt Andresen, a long-time electronic trading industry veteran, has left his post of co-ceo of Citadel Derivatives Group.

  • Call For Nominees

    March 30, 2009

    Alternative Investment News will present its 7th Annual Hedge Fund Industry Awards at a gala dinner on June 22, 2009, at Cipriani Wall Street in New York.

  • Soros Fund Fined $2.2 Million by Hungarian Regulator

    March 27, 2009

    Billionaire investor George Soros’s Soros Fund Management was fined 489 million forint ($2.2 million) for attempting to manipulate the share price of OTP Bank Nyrt, Hungary’s largest bank, reports Bloomberg.

  • Wallace Absolute Fund Dumps Founder After 95% Plunge

    March 27, 2009

    Richard Wallace has been ousted from the hedge fund he founded after the Sydney-based listed asset manager made losing bets throughout the financial crisis, reports Bloomberg.

  • GLG Executives Reduce Their Salaries To $1

    March 27, 2009

    The top three executives at GLG Partners, until recently Europe's biggest hedge fund, have cut their salaries to $1 as the global financial turmoil puts pressure on senior managers to waive their pay, reports the Financial Times.

  • Hedge Talent For Hire But Few Can Recruit

    March 27, 2009

    Hedge funds are finding a wealth of talented managers for hire, shed by banks and other financial firms in the downturn, but few are in a position to take advantage, reports Reuters.

  • Hedge Funds, Buyout Firms Say Regulation Unstoppable

    March 27, 2009

    Hedge funds and private-equity firms, after opposing increased federal oversight for years, said they can’t escape the Obama administration's plan to include them in an overhaul of U.S. financial regulation, Bloomberg reports.

  • Thames River Unveils Water/Agri Fund

    March 27, 2009

    Thames River Capital has launched a Ucits III-compliant offering, the Thames River Water & Agriculture Fund.

  • Tiden Shorts High-Yield

    March 27, 2009

    Durham, N.C.-based Tiden Capital is taking short positions in high-yield mezzanine credit and going long senior investment grade.

  • Swiss Firm Eyes Fixed Income

    March 27, 2009

    Pentium Fund is considering launching its first fixed-income fund later this year.

  • AIN Data Commentary, March 27, 2009

    March 27, 2009

  • One Year Ago In Alternative Investment News

    March 26, 2009

    Tiger cub James Lee, former managing director at Tiger Asia Management, founded Stylos Capital Management with plans to launch a long/short strategy investing in China, Korea and Japan...

  • "If you go to a restaurant it's possible to see the chef cook."

    March 26, 2009

    --Vicente Zaragoza, founder of Pentium Fund, defends his plans to disclose the positions in his funds on the firm's Web site.

  • Alternatives Manager Search Directory

    March 26, 2009

  • Mandate Scoreboard

    March 26, 2009

  • Hedge Fund Strategy Performance - February 27, 2009

    March 26, 2009

  • Multi-strategy Hedge Funds

    March 26, 2009


 

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