Stories

  • Princeton Advisory Applies To Be PPIP Manager

    May 01, 2009

    Fixed-income asset manager Princeton Advisory Group has applied to be a manager of legacy securities in the Public-Private Investment Program, according to Munish Sood, president and cio.

  • Bridgewater Shapes Portfolio For Depression

    May 01, 2009

    Bridgewater Associates has jettisoned all risk-sensitive securities in its trademark $17 billion All Weather strategy and adopted a "safe portfolio" composition.

  • DFC S’pore To Raise $500M PE Fund

    April 30, 2009

    Fund of private equity funds firm IDFC Capital (Singapore) is raising $500 million for its Asia-focused fund, The Wall Street Journal reports.

  • Ex-JPMAM Execs To Float China HF

    April 30, 2009

    Three ex-JPMorgan Asset Management executives are planning to set up a Greater China hedge fund, Reuters reports.

  • Integrated AM To Sell FoHF Biz

    April 30, 2009

    Integrated Asset Management will sell its French funds-of-hedge-funds business, Altigefi, to private bank Sal Oppenheim, Financial News reports.

  • BC Partners Pulls Out Of €1B Deal

    April 30, 2009

    BC Partners has withdrawn its bid to buy Essent Milieu, the Dutch waste management group, for €1 billion, Financial News reports.

  • Blackstone Adds Senior MD In Paris

    April 30, 2009

    The Blackstone Group has appointed Jean-Manuel Richier as senior managing director to its Paris office, AltAssets reports.

  • FSA Bans, Fines Ex-BlueCrest Manager

    April 30, 2009

    U.K.’s Financial Services Authority has banned and fined hedge fund manager Loic Montserret, The Wall Street Journal reports.

  • 3i German Head Quits

    April 30, 2009

    Stephan Kruemmer, group partner and managing director of 3i’s German business, will be resigning, AltAssets reports.

  • Fairfield Greenwich Fights Mass. Regs

    April 30, 2009

    Fairfield Greenwich Group filed legal papers on April 29 rejecting accusations by Massachusetts’ securities regulator that it misled investors while feeding billions of dollars into Bernard Madoff's Ponzi scheme, Reuters reports.

  • Southern Avenue Sues Perot-Run HF

    April 30, 2009

    An investor in a Henry Perot family hedge fund has sued the Perot Family Trust and several related parties, saying they had mismanaged the fund, which went from $2.5 billion to “less than zero,” Bloomberg reports.

  • SEC Charges Ruderman HFs For Fraud

    April 30, 2009

    The Securities and Exchanges Commission has accused two Beverly Hills hedge funds of cheating investors out of at least $38 million.

  • Och Ziff Eyes Distressed Investments

    April 30, 2009

    Och-Ziff Capital Management will target distressed investments, along with credit and mortgage-backed securities in the U.S., Reuters reports.

  • Fortress To Buy $2.5B Zwirn Assets

    April 30, 2009

    Fortress Investment Group has won the bid for $2.5 billion of assets of hedge fund firm DB Zwirn, The Wall Street Journal reports.

  • Sverica Closes $265M PE Fund

    April 30, 2009

    Private equity firm Sverica International has closed its third private equity fund on $265 million, The New York Times reports.

  • PSQR Hires Ex-Merrill Economist

    April 30, 2009

    Hedge fund firm PSQR Management has appointed Alex Patelis as chief economist, effective May 1.

  • Henderson To Launch North American FoF Biz

    April 30, 2009

    Henderson Global Investors is in the early stages of launching a North American commercial real estate fund of funds business.

  • It Was A Buyer’s Quarter In Secondary Mart

    April 30, 2009

    The latest figures from online secondary marketplace Hedgebay show that all trades that took place in Q1 occurred at a discount to NAV.

  • Special Sits Firm Brings On Marketing Chief

    April 30, 2009

    Mike Charlton has joined Anchorage Advisors, a New York hedge fund focused on credit and special situations, as head of marketing and investor relations.

  • South Carolina Drops Mellon

    April 30, 2009

    The $20 billion South Carolina Retirement System has terminated Mellon Capital Management from a $200 million global macro mandate.

  • GSAM Marketer Jumps To Siguler

    April 30, 2009

    Mike Keough, a v.p. in the U.S. institutional public funds team at Goldman Sachs Asset Management, is set to join private equity firm Siguler Guff & Company in a similar role.

  • Lyxor Unveils First UCITS FoF

    April 30, 2009

    Lyxor Asset Management has launched what it believes to be the first actively-managed UCITS III-compliant fund of funds.

  • Attalus Capital Plans Hires

    April 30, 2009

    Philadelphia hedge fund of funds Attalus Capital is seeking to grow its ranks in both its investment and marketing departments to strengthen the firm’s flagship multi-strategy equity fund and long/short fund.

  • Agriculture Firm Seeks CEO

    April 30, 2009

    Alpcot Agro, a farming-focused alternatives firm with offices in London, Moscow and Stockholm, is on the lookout for a new chief executive.

  • Stenham Returns To U.K. Property

    April 30, 2009

    Stenham is planning to re-enter the U.K. commercial property market, having focused its attentions in the past few years on Germany, Switzerland and Japan.

  • ABL Shop Closing After Petters Hit

    April 30, 2009

    Ark Royal Asset Management in Bermuda is winding down its funds following losses from exposure to Petters Group Worldwide and an inability to meet liquidity demands, according to an investor.

  • Investor Blocks Scandium Payout

    April 30, 2009

    An investor in Scandium Asset Management’s troubled multi-strategy fund of hedge funds has objected to the Danish firm’s plan to return liquid assets to clients via a dividend.

  • Coast Shutters Flagship FoF

    April 29, 2009

    The $4.2 billion Santa Monica, Calif.-based Coast Asset Management will shut its flagship fund, the Coast Diversified Fund, due to large numbers of redemption requests and liquidity issues with its underlying managers.

  • Middle East Internet Co Starts VC Fund

    April 29, 2009

    Internet company, Bayt, has unveiled an early-stage venture capital fund, Zawya reports.

  • HK Freezes $110M Descartes HF Assets

    April 29, 2009

    Hong Kong’s securities regulator has frozen over $110 million in assets linked to Descartes Athena Fund, The Wall Street Journal reports.

  • FSA Fines, Bans HF Manager For Mis-Marking Trades

    April 29, 2009

    The Financial Services Authority has banned and fined Loic Albert Antoine Montserret for intentionally mismarking positions to avoiding losing his job over losses on his book.

  • BlueCrest, Merrill To Launch CTA Fund

    April 29, 2009

    BlueCrest Capital, an alternative asset manager, will start a Ucits-styled Commodity Trading Advisor (CTA) fund along with Merrill Lynch, Citywire reports.

  • Permira Seeks Opps As Investments Fall

    April 29, 2009

    Private equity firm, Permira, is seeking investment opportunities in the final quarter of 2009, Financial Times reports.

  • KPMG Partners Split On EC Impact

    April 29, 2009

    KPMG has issued a response from its executives on the European Commission’s directive on regulating Alternative Investment Fund Managers.

  • Carmignac Starts Absolute Return Fund

    April 29, 2009

    French fund manager Carmignac Gestion has unveiled a new absolute return fund, Citywire reports.

  • AIMA, HFSB Agree EC Directive Hasty

    April 29, 2009

    The draft Alternative Investment Fund Managers Directive published today by the European Commission is not a proportionate regulatory response to any of the identified causes of the current crisis, according to the Alternative Investment Management Association (AIMA).

  • U.S. Charges Nadel With $360M Fraud

    April 29, 2009

    A U.S. grand jury has charged imprisoned hedge-fund adviser Arthur Nadel for a $360 million investment fraud, Bloomberg reports.

  • Carlyle Considers U.S. Toxic Plan

    April 29, 2009

    Carlyle is planning to enter the U.S. government program to buy toxic bank loans and securities, Pehub reports.

  • Managed Funds Assoc. Names Marketing MD

    April 29, 2009

    The Managed Funds Association has named D. Brooke Harlow as executive v.p. and managing director for marketing and communications.

  • NEA Adds $1B To VC Fund

    April 29, 2009

    Silicon Valley venture capital firm New Enterprise Associates has added another $1 billion to its thirteenth fund, VentureBeat reports.

  • Former Derivatives Broker Launches Advisory Firm

    April 29, 2009

    Dean Curnutt, former head of institutional equity derivatives and convertible sales at Banc of America Securities, has launched Macro Risk Advisors, a derivatives-focused advisory firm targeted at hedge fund managers.

  • London & Capital To Make Nonprofit Push

    April 29, 2009

    Private client specialist London & Capital is seeking to increase its institutional client base, primarily by targeting U.S. foundations and endowments.

  • Sloane Robinson Shelves HOLT Range

    April 29, 2009

    Sloane Robinson has made little progress in the past year with plans for a range of directional long/short equity funds based on stock selection by HOLT Investment Partners, and the firm has no timeframe in mind for the rollouts.

  • U.S. Managers Open U.K. Marketing Posts

    April 29, 2009

    Many U.S.-based hedge fund managers are setting up new offices in the U.K. in a bid to up their marketing efforts.

  • Aksia clients shun new managed accounts

    April 29, 2009

    Despite the wave of interest in managed accounts, Jim Vos, ceo and head of research at New York-based consultant Aksia, said that none of Aksia’s existing clients are switching their hedge fund investments into managed accounts.

  • HSBC PE, Actis Eye 3i’s S’pore Stake

    April 28, 2009

    HSBC Private Equity and Actis Capital are separately bidding for a stake in Singapore’s Franklin Offshore International, Reuters reports.

  • BLM Adds Two Partners

    April 28, 2009

    Alternative asset manager BLM Partners has appointed Jason Carley and Gero Wendenburg as partners to the firm, HedgeWeek reports.

  • R3 Capital PE Head Quits

    April 28, 2009

    Jay Koh, head of private equity at hedge fund firm R3 Capital Partners is exiting the firm, Pehub reports.

  • TCI Sells CSX Stake For $515M

    April 28, 2009

    U.K. activist hedge fund manager The Children’s Investment Fund (TCI) has sold its stake in U.S. railroad operator, CSX, The Financial Times reports.

  • GLG Plans Retail Absolute Return Fund

    April 28, 2009

    GLG Partners is planning to start its maiden onshore retail absolute return fund within the next year, Financial Times reports.

  • 3i To Buyout £355M Unit

    April 28, 2009

    3i Group will acquire the remaining 55.1% in its unit 3i Quoted Private Equity (QPEP) in a cash and stock deal, The Wall Street Journal reports.

  • Senate Bill Would Give SEC Hedge Fund Control

    April 28, 2009

    A U.S. Senate bill to make the $1.3 trillion hedge fund industry more transparent would give federal regulators the authority to require fund managers to register with the Securities and Exchange Commission, Reuters reports, citing one of the bill's authors.

  • BlueRun Closes $240M VC Fund

    April 28, 2009

    Venture capital firm BlueRun Ventures has raised $240 million for its fourth fund, AltAssets reports.

  • SEC Indicts Conn. HF For Fraud

    April 28, 2009

    The Securities and Exchange Commission has charged hedge fund manager Francesco Rusciano for misrepresenting assets managed by his funds to raise over $30 million from investors, The Wall Street Journal reports.

  • Blackstone Names Corporate Advisory MD

    April 28, 2009

    The Blackstone Group has appointed Tom Kelly as a managing director in its corporate advisory group, FINalternatives reports.

  • Investors Back Quadrangle PE Fund

    April 28, 2009

    Quadrangle’s private equity fund investors are willing to provide financial support to the fund, The Wall Street Journal reports.

  • Options Fund Brings On Tech Pro

    April 28, 2009

    Coastal Management Group has brought on Gary Bowen—a technology pro with no prior portfolio management experience, save some private venture capital investing—as a new portfolio manager for its Narragansett Fund in order for the strategy to expand to technology from its current focus on the financial and housing sector.

  • Conversus Discontinues Investments, New Commitments

    April 28, 2009

    The largest publicly-traded fund of private equity funds, Conversus Capital Management, has discontinued all investments and new commitments in order to ensure it will have enough cash to make capital calls, as well as to narrow the gap between its reported net asset value of $1.745 billion as of March 31, according to a letter sent to investors. Its stock is trading at about $6 a share as of April 28, with a market value of $440.4 million, about a 75% discount.

  • Singapore Startup To Debut Southeast Asia Fund

    April 28, 2009

    Mark Fuchs, who set up Credit Suisse’s brokerage office in Bangkok, is gearing up to launch his first fund at his new firm.

  • Hedge Fund Buys Commodity FX Call Spread

    April 28, 2009

    A New York hedge fund is buying call spreads on currency baskets that play commodities and emerging market currencies appreciating against the U.S. dollar, yen and British pound.

  • Swiss Firm To Target Sticky Investors

    April 28, 2009

    Geneva’s Farringdon Capital Management will make its first marketing push in the next few months, more than two years after launching Farringdon Alpha One, a global long/short strategy with a European bias.

  • Quant Pros Eye More Launches

    April 28, 2009

    Irakli Menabde and Nicolas Merzeau, two ex-portfolio managers at Shell Asset Management currently working at I2BF Capital Advisors, have plans to roll out up to three additional funds using their quantitative model.

  • Legend, Sequoia Invest In Chinese Co

    April 27, 2009

    China-focused venture capital firms have invested $59 million in Chinese sports products maker, Fujian Peak, AltAssets reports.

  • Hong Kong FoHF Names Risk Head

    April 27, 2009

    Hong Kong fund of hedge funds firm Sail Advisors has appointed Miodrag Janjusevic as chief risk officer, Asian Investor reports.

  • Deyaar Plans Distressed RE Fund

    April 27, 2009

    Dubai’s Deyaar Development is planning to launch $137 million fund to repurchase distressed property, The Wall Street Journal reports.

  • CVC Capital Plans Bid For Springer

    April 27, 2009

    Private equity firms, including CVC Capital Partners, Blackstone and TPG are planning to bid for a stake in Springer Science and Business Media, Financial Times reports.

  • 3i Seeks £700M Via Rights Issue

    April 27, 2009

    U.K. private equity firm 3i is planning to raise about £700 million through a rights issue, Financial Times reports.

  • KKR Seeks €730M For Euro Fund

    April 27, 2009

    Private equity firm Kohlberg Kravis Roberts & Co. is seeking about €730 million for its European buyout fund, set up in 2005, Financial Times reports.

  • Blackstone Expands Corporate Advisory Group

    April 27, 2009

    The Blackstone Group has hired Tom Kelly as a managing director in its corporate advisory group.

  • Quadrangle Paid Morris Placement Fees

    April 27, 2009

    Private equity firm Quadrangle had paid fees to indicted political adviser, Hank Morris’ former firm, in connection with a $10 million investment it received from a Los Angeles pension fund, The Wall Street Journal reports.

  • Trinity Ventures Closes $300M VC Fund

    April 27, 2009

    Trinity Ventures has raised $300 million for its tenth fund, AltAssets reports.

  • Harbinger’s NY Times Stake Gets Attention

    April 27, 2009

    Several potential bidders have shown interest in buying Harbinger Capital Partners’ 20% stake in New York Times, The Wall Street Journal reports.

  • Tate Raises $1B For Mortgage Fund

    April 27, 2009

    North Miami real estate developer Stanley Tate has raised $1 billion to bid on mortgages, Bloomberg reports.

  • HarbourVest Closes $2.9B Fund

    April 27, 2009

    Private equity firm HarbourVest Partners has raised $2.9 billion for its latest secondary fund, Financial News reports.

  • Yield Making Comeback In Cash Accounts

    April 27, 2009

    After six months of racing to low-yield but safe Treasury bills for the cash portions of their portfolio, hedge fund managers and investors are starting to re-focus on returns rather than just on capital preservation.

  • Indie Fund Hires Marketer

    April 27, 2009

    Los Angeles-based IndieVest, a film financier, distributor and production company, has hired Dennis O’Connor of Picturehouse as a third party consultant to handle marketing the firm’s latest film project, St. John of Las Vegas.

  • Shariah Fund Eyes South Africa

    April 27, 2009

    Toby Birch, who recently left Blackfish Capital Management to launch two Shariah-compliant funds, will begin approaching retail investors in South Africa in the next two months.

  • Web Consultancy Shuts Down

    April 27, 2009

    Hedge Fund Launch, the online consultancy for early-stage managers, has closed.

  • Abbey Pushes Macro Fund

    April 27, 2009

    Abbey Capital in Dublin has begun marketing its Abbey Capital Macro Fund now that it has reached a year and a half track record.

  • Griffin Combines Hedge, Ucits Funds

    April 27, 2009

    Griffin Capital Management is merging its Western European long/short equity fund into a Ucits III fund focused on the same region.

  • ETF Firm Takes Negative View

    April 24, 2009

    Equity-focused exchange traded funds (ETF) firm Advocate Asset Management is sticking to its large pool of cash reserves for Advocate Partners, and with its vested capital is taking a fairly negative view on the direction of the market.

  • Sherwood Launches L/S ETF Fund

    April 24, 2009

    Charlottesville, Va.-based Sherwood Forest Capital Management has launched the Sherwood Forest Long/Short Fund with $10 million.

  • Pengana To Raise Volatility HF Assets

    April 24, 2009

    Sydney-based asset manager, Pengana Capital, is planning to raise the amount of its volatility hedge fund assets by six times in two years, Bloomberg reports.

  • KKR, Bain Eye China Co Stake

    April 24, 2009

    Private equity firms, KKR and Bain Capital, are competing for a stake in China’s GOME, Reuters reports.

  • French PE Firm May Buy Candover

    April 24, 2009

    French private equity firm, Eurazeo, is planning to buy Candover Investments, Telegraph.co.uk reports.

  • RAB Writes Off 10% PE Holdings

    April 24, 2009

    RAB Capital’s Special Situations fund has been compelled to further write off 10% from its exposure to the private equity sector, Citywire reports.

  • BNP Plans $300M MENA Private Equity Fund

    April 24, 2009

    BNP Paribas Investment Partners is gearing up to launch its maiden Middle East and North Africa private equity fund, Financial News reports.

  • Gottex To Raise Managed Accounts Use

    April 24, 2009

    Gottex Fund Management is planning to increase the usage of managed accounts to 30% of its investments in over 165 hedge funds, Financial News reports.

  • NY PE Firm Invests In Facebook

    April 24, 2009

    Private equity firm, Millennium Technology Value Partners, has invested in nine companies, AltAssets reports.

  • Persimmon, Soros Invest In Powerspan

    April 24, 2009

    Investors including private equity firm Persimmon Tree Capital, AllianceBernstein and George Soros are investing $50 million in Powerspan, a clean energy technology company.

  • HF Adds Tainted Congressman

    April 24, 2009

    Hedge fund firm, Superfund Investment, has added Vito Fossella, ex-U.S. Congressman, to the firm, Reuters reports.

  • NY HF Manager Indicted For $150M Fraud

    April 24, 2009

    James Nicholson, hedge fund manager, has been indicted on fraud in a $150 million Ponzi scheme, The Wall Street Journal reports.

  • Moore Capital To Raise $500M For HFs

    April 24, 2009

    Moore Capital Management is planning to raise up to $500 million for two new hedge funds run by former GLG Partners star Greg Coffey, an investor told Bloomberg.

  • Citigroup To Close PE Placement Unit

    April 24, 2009

    Citigroup will shut down its global private equity placement unit, Financial News reports.

  • M Stanley May Spin Off Unit To HF

    April 24, 2009

    Morgan Stanley is planning to spin out its proprietary-trading desk into a hedge fund or opening it to outside investors, The Wall Street Journal reports.

  • Barclays Preps Asia Prime Brokerage

    April 24, 2009

    Barclays Capital is set to open a prime brokerage unit in Singapore and has hired Matthew Pecot, the former head of U.S. prime brokerage at UBS in New York, to run it.

  • Paulson, Renaissance Nominated For Hedge Fund Awards

    April 24, 2009

    Brevan Howard Asset Management, Horseman Capital Management, Paulson & Co. and Renaissance Technologies Corp. are the nominees for Alternative Investment News' Hedge Fund Leader of the Year awards.

  • 7th Annual Hedge Fund Industry Awards

    April 24, 2009

    Brevan Howard Asset Management, Horseman Capital Management, Paulson & Co. and Renaissance Technologies Corp. are the nominees for Alternative Investment News' Hedge Fund Leader of the Year awards. They are among 31 hedge fund managers, investors and consultants nominated for the 7th Annual Hedge Fund Industry Awards. Nominees will be honored and winners revealed at a dinner at New York's Cipriani Wall Street on June 22, featuring Lifetime Achievement Award recipient Ray Dalio.

  • Lifetime Achievement Award

    April 24, 2009

  • Hedge Fund Consultant Of The Year Nominees

    April 24, 2009

  • Institutional Manager of The Year Nominees

    April 24, 2009

  • Emerging Manager Of The Year Nominees

    April 24, 2009

  • Fund of Hedge Funds Leader Of The Year Nominees

    April 24, 2009

  • Hedge Fund Leader Of The Year Nominees

    April 24, 2009

  • One Year Ago In Alternative Investment News

    April 24, 2009

    Morgan Stanley-owned FrontPoint Partners planned to launch a portable alpha strategy for pension plans...

  • "I think it's...the fact that I know what I don't know and I keep looking at what I might not know."

    April 24, 2009

    --Ray Dalio, founder of Bridgewater Associates and the recipient of AIN's Lifetime Achievement Award, describing one possible reason for his success.

  • Alternatives Manager Search Directory

    April 24, 2009

  • Mandate Scoreboard

    April 24, 2009

  • Global Macro Hedge Funds

    April 24, 2009


 

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