Stories

  • AIN Data Commentary, April 9, 2009

    April 09, 2009

    As of today, four of our data sources have posted March returns.

  • Lawyer Likes Short-Term Uptick Application

    April 09, 2009

    Steven Nadel, partner at Seward & Kissel, told AIN that he favors only short-term emergency instillation of any limit on short selling, as a longer ban could have harmful effects on the overall market, not to mention hedge funds.

  • Credit Fund Sees High Yield Opp.

    April 09, 2009

    Steven Hornstein’s Global Credit Advisers, which launched its maiden fund in October, has outperformed its peers despite turbulent markets, thanks in large part to the fund concentrating in high yield, some investment grade, and distressed corporate debt.

  • Startup Preps CIS Fixed-Income Fund

    April 09, 2009

    Alcantara Asset Management, a London startup founded by Sergey Grechishkin and Andrei Taskin, is gearing up to launch a fixed-income hedge fund focused on sovereign and corporate debt in Russia, Kazakhstan and Ukraine.

  • Commonwealth Advisors Expects Big Demand

    April 09, 2009

    Walter Morales, president of Commonwealth Advisors, told AIN he looks forward to taking advantage of the Term Asset-Backed Securities Loan Facility (TALF) for the firm's Mortgage Opportunity Strategy.

  • Harbour CEO Plans Comeback

    April 09, 2009

    Steve Williams, ceo at failed London-based Harbour Capital Partners, hopes to launch a similar business and is already talking to potential investors.

  • EMC Preps New Managed Accounts

    April 08, 2009

    Liz Cheval’s EMC Capital Management, a CTA and managed futures firm she founded in 1988, is preparing to launch new accounts for a large pension fund and an endowment May 1.

  • SEAF To Raise $75M India Agri Fund

    April 08, 2009

    Investment firm Small Enterprise Assistance Funds (SEAF) is planning to raise a $75 million fund focusing on Indian agriculture-related businesses, VCCircle reports.

  • PE Firm To Bailout U.K.’s Junction

    April 08, 2009

    U.S. private equity firm, Area Property Partners, will recapitalize the U.K.’s biggest retail park fund, Financial Times reports.

  • BNP Unit Starts Absolute Return Fund

    April 08, 2009

    Harewood Solutions, a unit of BNP Paribas, has started a new absolute return commodity fund for the U.K. retail market, Financial Times reports.

  • Sphinx Egypt Launches $100M Fund

    April 08, 2009

    Private equity firm Sphinx Egypt has launched a $100 million fund, focusing on distressed assets in Egypt, Bloomberg reports.

  • Velocity Venture Names Partners

    April 08, 2009

    Velocity Venture Capital has appointed two new general partners, Sacramento Business Journal reports.

  • Apollo Offers $435M For Legacy Stake

    April 08, 2009

    Private equity firm Apollo Management has proposed to buy Texas-based oil and gas exploration company Legacy Reserves for about $435 million, Pehub reports.

  • Partners Group Starts Maiden U.S. Fund

    April 08, 2009

    Swiss alternatives manager Partners Group has started its first U.S.-registered fund, Financial News reports.

  • U.S. PE Firm Buys African Insurer Stake

    April 08, 2009

    Emerging Capital Partners (ECP) has bought a minority stake in African insurer NSIA for $47.7 million, The Wall Street Journal reports.

  • Vista Equity Bids $102.3M For SumTotal

    April 08, 2009

    Private equity firm Vista Equity Partners has offered to buy SumTotal Systems for $102.3 million, The Wall Street Journal reports.

  • Unique Managed Account Platform To Debut

    April 08, 2009

    Gottex Fund Management is launching Gottex Solutions Services (GSS)--an independent platform that will allow investors to outsource the running of managed accounts.

  • Most Funds Turn The Corner In March

    April 08, 2009

    The majority of hedge funds—61%—produced a positive return in March and 96% outperformed the MSCI World Index in the first quarter, according to analysis by Eurekahedge.

  • NewFinance Leaves Asia

    April 08, 2009

    NewFinance Capital, the London fund of funds firm owned by Schroders, has closed its Hong Kong research outpost and no longer has a presence in Asia.

  • Princeton To Launch ABS/MBS Fund

    April 08, 2009

    Princeton Advisory Group will launch Princeton ABS Fund in the coming months to capitalize on TALF.

  • Petercam Vet Sees No Sign Of Inflows

    April 08, 2009

    Etienne Platte, a co-founder of Amsterdam-based Antaurus Capital Management, does not believe his fund will see significant inflows in 2009 despite returning more than 16% already this year.

  • MFA Concerned By CPO Reporting Plan

    April 08, 2009

    The Managed Funds Association has raised questions over plans to revamp the procedures for commodity pool operators that are liquidating their pools.

  • 360 Global Gains Commitments

    April 07, 2009

    Rick Abeyta, founder of 360 Global Capital, has identified several new institutional investors who will allocate roughly $10 million to his fund May 1, bringing total assets to $80 million.

  • Macquarie, SBI Launch $1B India Fund

    April 07, 2009

    Australian investment bank Macquarie and the State Bank of India (SBI) have launched a fund to invest in Indian projects, according a document posted on the SBI site.

  • Man Founder To Join HF Firm

    April 07, 2009

    The first marketing director of Man Group’s alternative investments business, Hugh Dumas, is planning to join a hedge fund, Hedge Funds Review reports.

  • Deutsche Bank Floats PE Fund

    April 07, 2009

    Deutsche Bank has launched a co-investment and direct investment fund, to back buyout deals, Financial News reports.

  • Barclays To Spin Off PE Biz

    April 07, 2009

    Barclays Private Equity has received a green signal from its third-party investors to spin off from its parent, Financial News reports.

  • Hermes FoHF Unit Names Chairman

    April 07, 2009

    Hermes BPK Partners, a fund of hedge funds firm, has named Glyn Jones its new Chairman, Reuters reports.

  • SEC Charges HF Manager In Ponzi Scheme

    April 07, 2009

    The Securities and Exchange Commission has charged China’s Weizhen Tang of running a multimillion-dollar Ponzi scheme and fraud targeting Chinese-Americans, The Wall Street Journal reports.

  • Cuomo Accuses Merkin In Madoff Fraud

    April 07, 2009

    Hedge fund manager Ezra Merkin has been charged for channeling over $2.4 billion to Bernard Madoff’s Ponzi scheme in exchange for profitable fees, The Wall Street Journal reports.

  • Investors Pull Record Amount In 4Q08

    April 07, 2009

    The hedge fund industry closed 2008 down as investors pulled a record $152 billion in capital in the fourth quarter of 2008, the sector’s roughest year, according to new data from Hedge Fund Research.

  • Pine Brook Closes First Fund With Over $1B

    April 07, 2009

    New York-based private equity firm Pine Brook Road Partners held the final closing of its first fund at $1.43 billion.

  • Ermitage America Names Exec Director

    April 07, 2009

    Hedge funds of funds manager Ermitage has made Sarah Allen executive director of its U.S. arm, P&I reports.

  • Angelo Gordon Hires PE Co-Head

    April 07, 2009

    Alternative investment firm Angelo Gordon has appointed Arthur Peponis as co-head of private equity and special situations, a new position.

  • Former Carlyle MD Joins Caxton

    April 07, 2009

    Charlie Hannigan, former managing director at The Carlyle Group, has joined Caxton Associates in New York.

  • Managed Futures Firm Launches Spin-Offs

    April 07, 2009

    After two-plus years of incubation, Liquid Capital Management is now marketing Liquid Capital Fund and launching three fund spin-offs.

  • Aureos Eyes Malaysian PE Investments

    April 07, 2009

    Aureos Capital is looking at investments in the IT, services and consumer goods sectors for the $21 million remaining in its Aureos Malaysia Fund.

  • SVM Rolls Out Retail L/S Fund

    April 07, 2009

    Edinburgh-based SVM Asset Management is starting to invest for a new Ucits-compliant version of its long/short U.K. equity fund.

  • Nordic Firm Lines Up N.Y. Hire

    April 07, 2009

    Mermaid Asset Management, a Copenhagen hedge fund boutique focused entirely on investing in the Nordic region, is taking what might be seen as an unusual step by hiring in New York for its investment team.

  • Huijin To Buy Stake In New China Life

    April 06, 2009

    Central Huijin Investment, A unit of sovereign wealth fund China Investment Corp., plans to buy a 38% stake in New China Life Insurance from the China Insurance Regulatory Commission (CIRC), Caijing reports.

  • Unitas Capital Shutters Tokyo Office

    April 06, 2009

    Unitas Capital, an Asia-focused private equity firm, has shuttered its Tokyo office, to concentrate on deal opportunities in the rest of the region, Reuters reports.

  • Madoff-Hit Fund Sues HSBC For €1.6B

    April 06, 2009

    A Bernard Madoff-hit fund, Herald Fund, has sued HSBC Securities Services Luxembourg, Bloomberg reports.

  • CapMan Senior Partner Quits

    April 06, 2009

    Nordic alternative asset manager, CapMan’s senior partner, Jan Lundahl, has left the firm, AltAssets reports.

  • Charterhouse Closes €4B PE Fund

    April 06, 2009

    U.K. private equity firm, Charterhouse Capital Partners, has raised €4 billion for its ninth buyout fund, Reuters reports.

  • EU Changes Rules For HFs, PE Firms

    April 06, 2009

    The European Union has asked all hedge fund and private equity managers in Europe to detail their activities to financial regulators, Financial Times reports.

  • GLG Buys Fund Manager For £4.5M

    April 06, 2009

    Hedge fund firm, GLG Partners, has bought Nicola Horlick’s business, SG Asset Management U.K., for about £4.5 million, Financial Times reports.

  • Withdrawals Continue At Och-Ziff

    April 06, 2009

    Hedge fund firm, Och-Ziff Capital Management, has suffered additional redemptions, as clients continue to withdraw billions of dollars, Financial News reports.

  • Blackstone Expands Corporate Advisory Group

    April 06, 2009

    The Blackstone Group has hired David Bradley as a senior managing director in its corporate advisory group, effective end of June 2009.

  • Quant HF Adds Risk Manager

    April 06, 2009

    IKOS, a quantitative hedge fund firm, has appointed Steven Posner as risk manager, FINalternatives reports.

  • Diamond Castle Names Media Head

    April 06, 2009

    Diamond Castle Holdings, a private equity firm, has appointed William Drewry as an operating partner and Chairman of media investments, FINalternatives reports.

  • NY PE Firm Buys Polaroid Assets

    April 06, 2009

    New York-based private equity firm, Patriarch Partners, has bought Polaroid for $59.1 million, Bloomberg reports.

  • Aston Fund Eyes Gains Via Recovery

    April 06, 2009

    The Aston/Optimum Large Cap Opportunity Fund is planning to buy battered stocks, which may profit from economic recovery in the U.S. and overseas, The Wall Street Journal reports.

  • Coffee Tree Seeks Cash Infusion

    April 06, 2009

    Richard Rhodes and Susheel Kurien, co-founders of Coffee Tree Capital, have begun discussions with several potential seeders, and will ideally get $10-to-$15 million for the Coffee Tree Fund.

  • VCM Identifies Three New Funds

    April 06, 2009

    London seeding firm VCM Fund Management has identified three new fund managers it hopes to seed.

  • Prisma Adds Former Platinum Analyst

    April 06, 2009

    Fund of funds firm Prisma Capital Partners has hired Allison Stone of Platinum Grove Asset Management as an analyst in its marketing group.

  • Dutch FoF Shop Launches Single-Manager Fund

    April 06, 2009

    Finles Capital Management in Utrecht has launched its first single-manager hedge fund, the Finles Liquid Macro Fund.

  • Nordic FoF Adding Managers, Sees Slow Growth

    April 06, 2009

    Stockholm’s Sentat Asset Management will add one global macro fund and one commodities manager to its fund of Nordic-managed hedge funds during this quarter.

  • Singapore’s Cavenagh Plans $1.5B HF

    April 03, 2009

    Singapore-based Cavenagh Capital is planning to launch the Cavenagh Asian Macro fund, Bloomberg reports.

  • Catalyst Closes €228.5M Property Fund

    April 03, 2009

    European investment and asset manager, Catalyst Capital, has closed its maiden pan-European property fund at €228.5 million, IPE reports.

  • Nordic PE Firm Closes €103M Mezz Fund

    April 03, 2009

    Nordic private equity firm, Eqvitec Partners, has raised €103 million for its third mezzanine fund, AltAssets reports.

  • Marlborough Plans Absolute Return Fund

    April 03, 2009

    Giles Hargreave, one of Marlborough’s external managers, is planning to launch an absolute return fund, Financial Times reports.

  • LCP Floats Property Vulture Fund

    April 03, 2009

    Advisory service for prime residential property London Central Portfolio has launched a vulture fund, Wealth Bulletin reports.

  • TCI Cuts Deutsche Börse Stake

    April 03, 2009

    The Children’s Investment Fund (TCI) has sold a large part of its stake in Deutsche Börse, Financial Times reports.

  • Colony Capital Founder To Raise $4B

    April 03, 2009

    Colony Capital founder Tom Barrack is planning to raise $4 billion to buy distressed banking assets, Financial Times reports.

  • Blackstone, Fortress Eye Zwirn HF

    April 03, 2009

    Hedge fund firms, including Blackstone Alternative Asset Management’s GSO Capital Partners and Fortress Investment, are planning to take over the management of hedge fund manager Daniel Zwirn’s portfolio firm, The Wall Street Journal reports.

  • Private Equity Down 81% In 1Q09

    April 03, 2009

    Private equity funds raised 81% less in the first quarter than the same period one year prior, according to new research from Dow Jones Private Equity Analyst.

  • Highbridge Capital Gains $1B

    April 03, 2009

    Hedge fund firm Highbridge Capital Management has profited with $1 billion of net inflows this year, Financial Times reports.

  • VantagePoint Adds Two Partners

    April 03, 2009

    VantagePoint Venture Partners has named Brad Mattson and Mark Platshon as partners in its clean tech practice, AltAssets reports.

  • Conn. PE Firm Closes $1.05B Fund

    April 03, 2009

    Private equity funds of funds manager Portfolio Advisors has raised $1.05 billion for its fifth fund, AltAssets reports.

  • Stark Buys Deephaven HF Assets

    April 03, 2009

    Stark Investments has bought the assets of Deephaven Capital Management’s flagship global multi-strategy fund, P&I reports.

  • AIN Data Commentary, April 3, 2009

    April 03, 2009

    The healthcare & biotech index had the second lowest return of our twenty strategies for the month of February, as well as the second largest slide since January.

  • One Year Ago In Alternative Investment News

    April 02, 2009

    Phil Goldstein of Bulldog Investors trashed Henry Paulson's Blueprint for a Modern Financial Regulatory Structure saying that it could erect a barrier to entry for smaller firms...

  • "I'm in no rush--for me it doesn't make any difference as long as the money keeps flowing in."

    April 02, 2009

    --Loïc Fery, founder of Chenavari Capital Partners, has postponed the launch of his credit fund and is running client money via managed accounts instead.

  • Alternatives Manager Search Directory

    April 02, 2009

  • Mandate Scoreboard

    April 02, 2009

  • Fixed-income Hedge Funds

    April 02, 2009


 

Planning for a high-income year due to 457A income? Download this short paper to find out more about the opportunity to reduce tax liability and have significant charitable impact..

Click here for more details.


Latest Poll

Will a Trump presidency be good for hedge funds?

 - 33%
 - 67%

View previous results