Stories

  • Cliffwater Outlines HF Opportunities For NJ

    April 17, 2009

    At a recent meeting of the $56 billion New Jersey Division of Investment Cliffwater gave a presentation to the State Investment Council outlining investment opportunities and pitfalls in hedge fund investing in the current market environment.

  • CalPERS To Turn The Screws

    April 17, 2009

    The $176 billion California Public Employees Retirement System, which just recently sent out a manifesto to hedge funds calling for better terms, plans to reassess its entire $5.9 billion hedge fund investment program in advance of an asset allocation review.

  • Rockhampton, Sail Vet Launch FoHF

    April 16, 2009

    Rockhampton Management and Denise Hu, former portfolio manager of Sail Advisors, are forming a fund of hedge funds venture, Asian Investor reports.

  • TCI Asia Director Exits

    April 16, 2009

    John Ho, the Asia director of activist hedge fund The Children’s Investment Fund, has left the firm, Financial Times reports.

  • FourWinds Capital Boosts Green Team

    April 16, 2009

    U.K. alternatives firm FourWinds Capital Management has hired Lydia Whyatt as a managing director for its environment team, Private Equity News reports.

  • Silk Invest Appoints HF Manager

    April 16, 2009

    U.K. asset manager Silk Invest has appointed John Bates to manage its shift into Frontier Fixed Income, a growing hedge fund asset class, HedgeCo.net reports.

  • Unigestion Plans Credit FoF

    April 16, 2009

    Unigestion Holding is planning to launch a new distressed debt fund of hedge fund with the support of HSBC Holdings, Bloomberg reports.

  • Ashmore Asks Investors To Retain Fund

    April 16, 2009

    Alternative investment firm, Ashmore, is recommending its shareholders to vote against the shutting of the firm’s Ashmore Global Opportunities fund, The Financial Times reports.

  • Deerfield, Pegasus Capital Plan JV

    April 16, 2009

    Deerfield Capital has inked a deal to form a new investment venture with private equity fund manger Pegasus Capital Advisors.

  • Ellington Plans IPO For Mortgage HF

    April 16, 2009

    Hedge fund firm Ellington Fund Management is planning to launch an initial public offering of its two-year-old sub-prime mortgage fund, FINalternatives reports.

  • Founders Fund To Invest In Start-Ups

    April 16, 2009

    Silicon Valley venture capital firm Founders Fund is planning to offer $25,000 to at least 12 individuals to invest in an early-stage company of their choice, The Wall Street Journal reports.

  • Two Sigma To Launch CTA HF

    April 16, 2009

    Quantitative trading firm Two Sigma Investments is planning to launch a CTA hedge fund in the second quarter, Hedge Fund.Net reports.

  • Toronto AM Starts Global Opps Fund

    April 16, 2009

    Asset manager, King’s Crossing Capital, has started a global opportunities fund, FINalternatives reports.

  • Highland Investors Fight Over Remains

    April 16, 2009

    Investors in hedge fund Highland Capital are at odds, fighting over who will get the remains of soon-to-be liquidated flagship fund, The New York Post reports.

  • Boston Firm Files Class Action Against Rye

    April 16, 2009

    Boston law firm Berman DeValerio has filed a class action lawsuit against a hedge fund controlled by Massachusetts Mutual Life Insurance for investing all of its fund’s assets with Bernard Madoff, The Boston Globe reports.

  • Sacramento To Boost Alts Due Diligence

    April 16, 2009

    The $4.5 billion Sacramento County (Calif.) Employees Retirement Association is in the process of working out the specifications for two internal investment positions that will boost the fund’s ability to execute its own alternatives due diligence.

  • Perimeter Hawks Long/Short Strat

    April 16, 2009

    Perimeter Capital Management has begun marketing a new long/short equity strategy to funds of funds and retail investors and will soon start pitching the offering to institutions.

  • AQR Preps Momentum Strategy

    April 16, 2009

    AQR Capital Management is in the early stages of planning a fund based on momentum and value theories.

  • Georgetown Eyes Newfound Capacity

    April 16, 2009

    Georgetown University’s endowment will add up to two equity long/short, credit or event-driven hedge fund managers that have recently re-opened to external investors.

  • London & Capital Seeks Partners For Seminars

    April 16, 2009

    Private client specialist London & Capital is looking to work with specialists in niche alternatives areas for a series of educational seminars aimed at existing and new investors.

  • Currency Fund Finds Favorable Swissie Play

    April 16, 2009

    Augustus Asset Management’s JB Currency Hedge Fund (Discretionary) has two options positions comfortably in the money, according to Adrian Owens, fund manager in London.

  • Mass. Courts Fines U.K. Fund Manager

    April 16, 2009

    The U.S. District Court for the District of Massachusetts earlier this month entered a final judgment against U.K. citizen Glenn Manterfield following allegations that he was involved in a fraudulent hedge fund scheme.

  • Ashmore To Buy Distressed Assets From Banks

    April 16, 2009

    Emerging markets firm Ashmore Investment Management has unveiled a new fund that will help banks clean up their balance sheets, by buying up their illiquid positions in emerging markets.

  • DragonBack Reopens Flagship HF

    April 15, 2009

    Hong Kong’s DragonBack Capital has re-opened its flagship hedge fund to investors, Bloomberg reports.

  • TPG Lets Holders Trim Asia Fund Stake

    April 15, 2009

    Private equity firm TPG has permitted its shareholders to trim down their commitments to its $4.2 billion Asia fund, Financial Times reports.

  • Cheyne Capital To Buy FoF Firm

    April 15, 2009

    Cheyne Capital Management is planning to buy fund of hedge funds manager Altedge Capital, Reuters reports.

  • SFO To Probe Weavering Capital

    April 15, 2009

    The Serious Fraud Office (SFO) will investigate hedge fund firm Weavering Capital, The Financial Times reports.

  • Wine Investment Fund Opens 15th Tranche

    April 15, 2009

    The Wine Investment Fund has started its fifteenth tranche, The Financial Times reports.

  • Terra Firma, Permira Write Down Funds

    April 15, 2009

    Private equity firms Terra Firma, Permira, Candover, Cognetas and KKR have written down their European funds by 40-70%, Financial Times reports.

  • Gartmore Starts Absolute Return Fund

    April 15, 2009

    Gartmore has started its third U.K.-focused absolute return fund, Citywire reports.

  • Stallia Capital To Launch First HF

    April 15, 2009

    San Francisco-based Stallia Capital Management is gearing up to start its first hedge fund, FINalternatives reports.

  • KKR Names Portfolio Ops Head

    April 15, 2009

    KKR has named Arthur Brohinsky as a director to manage the firm’s portfolio company operations, AltAssets reports.

  • Aladdin Capital Starts DCM Unit

    April 15, 2009

    Alternative investment firm, Aladdin Capital Holdings, has launched a debt capital markets unit to offer financing and liability management transactions to companies, Reuters reports.

  • Texas Hedgie Settles On Pension Fraud

    April 15, 2009

    HFV Asset Management hedge fund manager Barrett Wissman pleaded guilty to securities fraud as part of a corruption investigation tied to New York’s $122 billion pension fund, Bloomberg reports.

  • Horton Point Goes On Development Spree

    April 15, 2009

    Dimitri Sogoloff’s quant firm Horton Point has developed twice the number of algorithmic models in its multi strategy Gallery Master Fund since October.

  • Plymouth To Re-Examine Hedge Funds

    April 15, 2009

    The $500 million Plymouth County (Mass.) Retirement System may re-examine a hedge fund allocation after the fund’s consultant search concludes this month.

  • Arlington Seeks General Consultant

    April 15, 2009

    The $1.1 billion Arlington County Employees’ Supplemental Retirement System is issuing an RFP for a primary investment consultant, as first reported by iisearches.

  • Ex-Northwater V.P. Lands At Fir Tree

    April 15, 2009

    Bob Kulperger has joined hedge fund Fir Tree Partners as a managing director in the firm’s client service department.

  • EnTrust Preps Credit Spin-Off

    April 15, 2009

    EnTrust Capital will launch a fund of credit hedge funds shortly—the $4 billion firm’s first offering dedicated solely to the asset class.

  • Vol Arb Firm Sets Launch

    April 15, 2009

    Harvest Volatility Management has set a July 1 launch date for its unnamed volatility arbitrage offering, which will be a fund version of its existing managed accounts.

  • Stenham To Add Share Classes

    April 15, 2009

    Stenham will add sterling and euro share classes to its two global macro funds on June 1.

  • Prologue Ups Liquidity

    April 15, 2009

    Prologue Capital has improved the liquidity terms of its sole offering—the $500 million Prologue Capital fund—effective April 1.

  • Reech Readies CTA Launch

    April 15, 2009

    London’s Reech Alternative Investment Management will launch a managed futures fund next month with $50-100 million of internal and external money.

  • Geneva Shop Says Strategy Trumps Managers

    April 15, 2009

    Peak Partners is preparing to launch the multi-strategy Mont Blanc Dynamic fund of hedge funds on May 1.

  • Florida Firm Launches Unique Customized Fund

    April 15, 2009

    Miami-based Crystal Capital Partners has launched a service allowing investors to customize their portfolios through a Web site.

  • Asian HF, Hamon Form CB Venture

    April 14, 2009

    Hong Kong absolute return fund manager Hindsight Asset Management’s principals, along with their investment team, are forming a joint venture with Hamon Investment, Asian Investor reports.

  • CLSA Capital Plans $500M Japan PE Fund

    April 14, 2009

    Private equity firm CLSA Capital Partners is planning to raise about $500 million for a Japan fund, Bloomberg reports.

  • Carlyle Raises $1.92B For Asia Fund

    April 14, 2009

    Private equity firm, Carlyle’s third Asia fund has raised $1.92 billion, Pehub reports.

  • Court Square Partner Sets Up U.K. Firm

    April 14, 2009

    Ex-partner of private equity firm Court Square Capital Partners has formed a new firm, Private Equity News reports.

  • AlpInvest Partner Joins Apax Board

    April 14, 2009

    European private equity firm AlpInvest Partners’ managing partner, Wim Borgdorff, has taken over the Apax Partners board of advisers, Private Equity News reports.

  • PE Firms Sign Up For UN Ethic Codes

    April 14, 2009

    British private equity firms BC Partners and Cinven and France’s OFI Private Equity have enrolled in the United Nations’ ethical investment charter, Financial News reports.

  • HF Board Plans 100 Funds Enrollment

    April 14, 2009

    The Hedge Fund Standards Board (HFSB) is planning to have 100 participants from among the U.K.’s hedge funds on board, by the end of 2009, Reuters reports.

  • HSBC Sees HF Inflows

    April 14, 2009

    Some of the hedge funds of HSBC Global Asset Management are seeing stable inflows, Reuters reports.

  • UBS Alts Chief Steps Down

    April 14, 2009

    Alexander Ineichen, the head of industry research for UBS Global Asset Management’s alternative and quantitative investments team has stepped down, Opalesque reports.

  • BlackRock To Raise $5-7B For Toxic Buys

    April 14, 2009

    BlackRock plans to raise $5 - $7 billion globally to buy toxic assets from U.S. financial institutions under a planned U.S. government program, Reuters reports, citing the Nikkei.

  • Barsky Shuts $3.5B HF After Losses

    April 14, 2009

    Hedge fund manager Neil Barsky will shutter his losses and redemptions-hit Alson Capital Partners, The Wall Street Journal reports.

  • Permal To Launch Maiden MF

    April 14, 2009

    Hedge funds of funds firm Permal, a unit of Legg Mason, will start its first mutual fund, The Wall Street Journal reports.

  • BMO Appoints Leverage Finance Head

    April 14, 2009

    BMO Capital Markets has appointed Eric Luftig as its managing director in the leverage finance group, Globe and Mail reports.

  • Nomuda VC Arm Seeks $150M For Fund

    April 14, 2009

    The venture capital arm of information and process management company Numoda, which manages clinical trials for drug makers, is seeking $150 million for its debut fund, The Wall Street Journal reports.

  • Meridian Fund Advisers Names President

    April 14, 2009

    Meridian Global Fund Services Group has hired Joyce Heinzerling to run a new hedge fund consulting affiliate, Meridian Fund Advisers, as president.

  • Few VC Funds Raised In Q1 ‘09

    April 14, 2009

    A very small number of venture capital funds have raised money in a single quarter since the third quarter of 2003, The Wall Street Journal reports.

  • CTA Firm Adds In-House Marketer

    April 14, 2009

    Conquest Capital Group in New York has hired Jessica Grad from Eos Partners to head up its business development and client relations team.

  • San Bernardino Seeks Credit Funds

    April 14, 2009

    The $4.5 billion San Bernardino County (Calif.) Employees Retirement Association may add up to two or three relative value and credit managers per month for the rest of the year to reach its target allocation of 5% to credit players.

  • S. Korea To Launch $3B Shipping Fund

    April 13, 2009

    South Korea is planning to launch a $3 billion shipping fund, Financial Times reports.

  • Tata Capital To Launch PE Fund

    April 13, 2009

    Tata Capital is planning to launch a series of private equity funds by the end of this year, The Economic Times reports.

  • Collins, Bone To Start Property Fund

    April 13, 2009

    Property entrepreneurs Liam Collins and David Bone will start their debut investment fund, Financial Times reports.

  • Baronsmead Raises £19.5M For VCTs

    April 13, 2009

    Venture capital trust manger Baronsmead has raised £19.5 million for its generalist venture capital trusts via a series of share offerings, The Financial Times reports.

  • Stanlib To Start EM Property Fund

    April 13, 2009

    Stanlib, the asset management unit of Standard Bank, is planning to set up a global emerging markets property fund, The Financial Times reports.

  • Skandia U.K. To Add HFs, FoFs

    April 13, 2009

    Skandia U.K. will add new asset classes by opening its Selestia Investment Solutions to hedge funds and funds of hedge funds, The Financial Times reports.

  • Harbour Capital May Bid For Candover

    April 13, 2009

    Vulture fund Harbour Capital is planning to buy struggling private equity firm Candover, Reuters reports.

  • Goldman To Start $5.5B PE Fund

    April 13, 2009

    Goldman Sachs is planning to float a $5.5 billion new secondary fund, The Wall Street Journal reports.

  • Credit HF Names Sales Head

    April 13, 2009

    Fir Tree Partners, a credit hedge fund firm, has appointed Robert Kulperger as managing director, FINalternatives reports.

  • Castlestone To Launch Art Fund

    April 13, 2009

    Castlestone Management is planning to start a new art fund for the retail market, The Financial Times reports.

  • Lighthouse Goes On Hiring Spree

    April 13, 2009

    Lighthouse Financial Group has added three executives to its newly-formed prime services division.

  • Greylock Considers Managed Accounts

    April 13, 2009

    New York-based Greylock Capital Management is considering launching two or three managed accounts through its Greylock Global Opportunity Fund later this quarter.

  • Aureos Eyes Malaysian Hypermarket

    April 13, 2009

    Private equity firm Aureos Capital’s Malaysian fund will invest in a retail hypermarket company in the next few months.

  • U.K. Boutique Prepping Ucits Offerings

    April 13, 2009

    KDK Asset Management, a London-based structured asset management company, is collaborating with fund managers looking to launch Ucits funds with alternative investment profiles.

  • One Year Ago In Alternative Investment News

    April 09, 2009

    Wyser-Pratte & Co.'s EuroValue Fund lost around 25% in the first quarter...

  • "I'm not going to answer that question. You tell me you got full transparency in your life?"

    April 09, 2009

    --Steve Williams, ceo at failed Harbour Capital Partners, when questioned on his firm's relationship with primary investor Sonar Group.

  • Alternatives Manager Search Directory

    April 09, 2009

  • Mandate Scoreboard

    April 09, 2009

  • Long/short Equities Hedge Fund Index

    April 09, 2009


 

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