Stories

  • Big Apple Shop Eyes Distressed Follow-Up

    May 08, 2009

    Stone Tower Capital is in discussions with prospective anchor investors in a follow-up to its Stone Tower Structured Credit Recovery Fund.

  • Threadneedle Introduces Credit Opportunities Fund

    May 07, 2009

    Threadneedle has added a fund to its absolute return range, with the launch of the Threadneedle Credit Opportunities Fund.

  • ING IM Starts Two Funds In Italy

    May 07, 2009

    ING Investment Management has started two sub-funds in Italy, Citywire reports.

  • Odey European Up 25% For Year

    May 07, 2009

    Odey European, the hedge fund run by Crispin Odey, posted the biggest monthly gain in its 17-year history after betting junk shares would fare well in the a market rally, Bloomberg reports.

  • Dow Jones Kills Distressed Securities Benchmark

    May 07, 2009

    Dow Jones’s hedge fund unit has halted publication of the Dow Jones Hedge Fund Distressed Securities Strategy Benchmark because of bad market conditions in the distressed securities sector, HedgeCo reports.

  • April Shows Gains For Most HF Indices

    May 07, 2009

    April data for HFRI Indices shows improved performance, with the most indices in the black.

  • Third Avenue Mulls Distressed Launch

    May 07, 2009

    Third Avenue Management may launch a distressed debt fund, based on demand from existing investors.

  • Returns Picking Up, But AUM Still Declining

    May 07, 2009

    A research paper by Credit Suisse/Tremont shows that while hedge fund returns largely stabilized in the first quarter, total assets managed by the industry continued to decline.

  • Jacksonville Considers Hedge Funds, Private Equity

    May 07, 2009

    The $1.25 billion Jacksonville (Fla.) City Employees Retirement System is looking at allocating to hedge funds and private equity, pending approval by the City Council Finance Committee.

  • U.K. Managed Futures Firm Enters U.S.

    May 07, 2009

    Quality Capital Management, a Weybridge, Surrey managed futures shop with around $650 million under management, is making its first push for money from onshore U.S. investors.

  • Baird Sees Sweeter Options In Structuring Buyouts

    May 07, 2009

    It’s a buyer’s market in the middle-market buyout space, and private equity companies are now able to negotiate sweeter deal terms, such as sharing the risk through seller notes and earn-outs, according to Paul Carbone, director of the private equity unit of Baird Capital Partners.

  • Reyl Rolls Out Second FoF

    May 07, 2009

    Reyl Asset Management, the fund management arm of Swiss bank Reyl & CIE, has launched the Reyl Resurgence Fund, a multi-strategy fund of funds with a focus on opportunistic credit plays.

  • Augustus Likes Aussie Dollar

    May 07, 2009

    Adrian Owens of London’s Augustus Asset Managers says that the largest position in his JB Global Rates Hedge Fund, which trades fixed income and currency, is a long position in the Australian dollar.

  • Horizon21 May Switch To Single Hedge Funds

    May 07, 2009

    Rainer-Marc Frey's $6.2 billion alternatives firm, Horizon21, may abandon its fund of hedge funds business in favour of launching single-manager funds--or could even exit hedge funds altogether.

  • Olympus Raises $250M Asia PE Fund

    May 06, 2009

    Private equity firm Olympus Capital Holdings Asia is raising a $250 million fund, The Wall Street Journal reports.

  • Guoyuan AM Plans $300M PE Fund

    May 06, 2009

    Guoyuan Asset Management is planning to start a $300 million private equity fund, China Knowledge reports.

  • Apax Loses Stake In U.K. Advertiser

    May 06, 2009

    Private equity firm, Apax Partners, has lost its stake in Streetbroadcast, a U.K. advertising company, which was bought out of insolvency, Financial News reports.

  • CBPE Capital Raises £300M PE Fund

    May 06, 2009

    U.K. buyout firm, CBPE Capital, has raised over £300 million for its eighth U.K. mid-market private equity fund, Financial News reports.

  • GAM Names U.K. Institutional Head

    May 06, 2009

    Hedge fund firm, GAM, has named Nick Spencer as head of U.K. institutional business, HedgeWeek reports.

  • Aberdeen Seeks To Buy HF

    May 06, 2009

    U.K.’s Aberdeen Asset Management is planning to buy a fund of hedge funds, Financial Times reports.

  • Gottex Buys Majority Stake In U.S. HF

    May 06, 2009

    Gottex Fund Management has acquired a majority stake in a U.S. hedge fund and loan provider, SJC Capital Partners, for an undisclosed amount, The Wall Street Journal reports.

  • AIMA Releases FoHF Practices Guide

    May 06, 2009

    The Alternative Investment Management Association has published a global guide to sound practices for funds of hedge funds managers.

  • TPG Snubs 140 LBO Deals

    May 06, 2009

    Texas private equity firm TPG Capital has rejected 140 leveraged buy-out (LBO) deals in recent months, Financial Times reports.

  • Citadel Taps BofA Traders

    May 06, 2009

    Hedge fund firm, Citadel Investment, has made three new appointments, Financial News reports.

  • Consumer Capital Names CFO

    May 06, 2009

    Private equity firm Consumer Capital Partners has appointed Tim Mullany as its chief financial officer.

  • Platinum Equity Buys San Diego Daily

    May 06, 2009

    Private equity firm, Platinum Equity, has bought The San Diego Union-Tribune newspaper, from Copley Press, AltAssets reports.

  • Belge Royals To Float U.S. Credit HFs

    May 06, 2009

    Belgian royal family, Caraman-Chimay’s U.S. office will start two credit opportunity funds next month, Financial News reports.

  • Icahn’s Lions Gate Bid Falls Short

    May 06, 2009

    Private equity investor, Carl Icahn’s $325 million offer for Lions Gate Entertainment’s outstanding debt has received a lukewarm response from the studio’s bondholders, Bloomberg reports.

  • Wellbridge Launches PE Buyout Fund

    May 06, 2009

    Wellbridge Capital has launched a private equity buyout fund called Wellbridge Capital 1.

  • Ex-Touradji Execs Form New Firm

    May 06, 2009

    Robert Vollero and Gentry Beach, former portfolio managers at Touradji Capital Management, have formed Vollero Beach Capital Partners in New York and will launch a long/short strategy in the next few months.

  • Juno Does 180 On Gold

    May 06, 2009

    Juno Mother Earth Asset Management has reversed its initial bullish view on gold.

  • DGHM Bullish On Consumer

    May 06, 2009

    Unlike many of its peers, New York-based DGHM is optimistic about the markets this year, and sees consumer spending picking up speed.

  • Stafford May Add Quant Strat

    May 06, 2009

    Stafford Asset Management is considering bringing on board a new fund and its management team.

  • Liontrust Eyes Behavioural Credit Model

    May 06, 2009

    Liontrust Asset Management is analyzing its newly-acquired long/short Ilex Credit Fund to see to what extent its strategy is anchored in behavioural finance, a linchpin of the firm’s equity funds.

  • HedgeACT To Launch Customized Platform

    May 06, 2009

    HedgeACT is prepping to allow investors to select funds from its hedge fund networking Web site HedgeACT.com, essentially allowing them to create their own multi-strategy portfolios with the click of a mouse.

  • Galena Debuts Energy Fund

    May 06, 2009

    Trafigura Group subsidiary Galena Asset Management has rolled out its planned energy fund, and has hired two more specialists for its portfolio management team.

  • Fery Lines Up Clutch Of Hires

    May 06, 2009

    Chenavari Credit Partners, the London shop co-founded by Loïc Fery, is in the process of bringing onboard five new hires.

  • Illinois Fund Gains From Buffett Exposure

    May 05, 2009

    Kelly Cardwell’s Central Square Management posted returns of 6.1% in April, partially due to the Central Square Capital Fund’s investment in Berkshire Hathaway.

  • Constellation Joins Highbridge Capital

    May 05, 2009

    Venture capital firm, Constellation Growth Capital, has teamed up with hedge fund manager, Highbridge Capital Management, Financial Times reports.

  • Qatar To Liquidate PE Firm

    May 05, 2009

    Qatar has asked the QFC Civil & Commercial Court for an order to liquidate private equity firm, Silver Leaf Capital Partners, Gulf Times reports.

  • ADIC,UBS Raise $250M MENA Fund

    May 05, 2009

    Abu Dhabi Investment Company (ADIC) and UBS Global Asset Management have raised $250 million at the first close of a jointly managed fund, Zawya reports.

  • Eminent To Convert Into Private Bank

    May 05, 2009

    Singapore-based Eminent Group is planning to turn itself into a private bank, Private Equity News reports.

  • Gottex Acquires Major Stake In SJC

    May 05, 2009

    Gottex Fund Management Holdings has purchased a controlling interest in investment management firm SJC Capital Partners.

  • Odey, Lansdowne Gain On Barclays Bets

    May 05, 2009

    Hedge funds, Odey Asset Management and Lansdowne Partners, have gained due to an increase in Barclays’ share price, The Telegraph reports.

  • Viteos Starts HF Services

    May 05, 2009

    Hedge fund manager, Viteos Fund Services, has launched a range of bundled investor services, FINalternatives reports.

  • EC To Allow Cross-Border HF Marketing

    May 05, 2009

    The European Commission is planning to permit regulated hedge fund managers to market their products extensively, Financial News reports.

  • Swiss HF Firm To Buy Back Shares

    May 05, 2009

    Swiss alternative investments firm, ALTIN, will repurchase between 5-10% of its own shares, HedgeCo reports.

  • EC OKs U.K. Fiscal VC Schemes

    May 05, 2009

    Three U.K. fiscal venture capital schemes have been approved by the European Commission, under EC Treaty state aid rules, The Wall Street Journal reports.

  • SEC Seeks More Power Over HFs

    May 05, 2009

    Securities and Exchange Commission Chairman Mary Schapiro is asking for authority to regulate what hedge funds can buy and how much money they can borrow, Bloomberg reports.

  • MTM Seeks Offshore HF For REIT

    May 05, 2009

    Hedge fund manager, MTM Global Financial Services, is seeking an offshore hedge fund partner.

  • Levine Leichtman Targets $1.5B PE Fund

    May 05, 2009

    Private equity firm, Levine Leichtman, is planning to raise $1.5 billion for its fourth fund in a month, Private Equity News reports.

  • Irving Place, Oaktree Buy Chesapeake

    May 05, 2009

    Private equity firms, Irving Place Capital and Oaktree Capital Management, have jointly bought Chesapeake, for a deal worth $485 million, Pehub reports.

  • Singapore Fund Seeks New Money

    May 05, 2009

    Three Kingdoms Capital (TKC) has begun marketing its Asian long/short equity Master Fund.

  • CMA May Offer Managed Accounts

    May 05, 2009

    Capital Management Advisors, the fund of hedge funds firm owned by private banking group EFG International, is looking at whether to join the growing number of firms that offer exposure to their strategies via managed accounts.

  • Farming Fund Plans Listing

    May 05, 2009

    Alpcot Agro, an alternatives firm focused on agriculture in Eastern Europe, is preparing for its first public listing later this year.

  • Thames River Beefs Up Credit Team

    May 05, 2009

    Thames River Capital in London has hired Simon Ulcickas as the third fund manager on its credit team.

  • Paulson Ups Security Measures

    May 04, 2009

    While many hedge fund firms are making performance figures more readily available for investors, Paulson & Co. has implemented a new level of security for reporting performance figures which is actually a greater hindrance, a fund of funds manager invested with the firm told AIN.

  • Stonehorse Seeks New Managers

    May 04, 2009

    Boston-based fund of funds firm Stonehorse Capital Management will add up to four managers to its flagship fund in the next year.

  • KMJ Waits On ECB For Euro Play

    May 04, 2009

    KMJ Capital will boost its position on the Euro if European Central Bank’s meeting this Thursday results in the body deciding not to ease the currency.

  • KKR To Buy Korean Brewer For $1.8B

    May 04, 2009

    Private equity firm, KKR, is nearing a deal to buy Anheuser-Busch InBev’s South Korean beer business for about $1.8 billion, The Wall Street Journal reports.

  • Energy Ventures Starts Top-Up Fund

    May 04, 2009

    Norway’s Energy Ventures has launched a €9.8 million top-up fund to provide additional investment capacity to its Energy Ventures II KS fund, AltAssets reports.

  • Naisscent Launches HF For FoHFs

    May 04, 2009

    Switzerland’s Naisscent Investment Management has unveiled a hedge fund, to invest in funds of hedge funds, FINalternatives reports.

  • Ukraine Bank Plans $100M PE Fund

    May 04, 2009

    Ukrainian bank, Dragon Capital, is targeting over $100 million for its first private equity fund, AltAssets reports.

  • UFG To Acquire LFP

    May 04, 2009

    Fund manager, La Française des Placements , is planning to sell itself to UFG Group, Citywire reports.

  • Privalto Plans Absolute Return Fund

    May 04, 2009

    Privalto UK, a part of BNP Paribas, is planning to float a new absolute return fund by May 5, Financial Times reports.

  • EU Hedge Fund Rules Under Fire

    May 04, 2009

    The European Union’s plan to regulate all managers of alternative investment funds will affect other classes of alternative investment, such as real estate funds and investment trusts, said lawyers studying the new rules, Financial Times reports.

  • SEC Wants To Reg HF Purchases, Borrowing

    May 04, 2009

    The U.S. Securities and Exchange Commission should have authority to regulate what hedge funds are allowed to purchase and how much money they can borrow to maximize bets Bloomberg reports, citing SEC Chairman Mary Schapiro.

  • SEC Charges Ex-Cabbie In HF Fraud

    May 04, 2009

    Hedge fund firm, AR Capital Group’s Alan Fishman, along with two other executives, is charged with swindling investors out of about $20 million, Bloomberg reports.

  • Wilshire Raises $615M PE FoF

    May 04, 2009

    Private equity fund-of-funds firm, Wilshire Private Markets, has closed its eighth fund at $615 million, FINalternatives reports.

  • Citadel Adds Ex-Merrill Bankers

    May 04, 2009

    Hedge fund firm, Citadel Investment Group, has appointed three bankers to help set up its new unit, The New York Times reports.

  • Picard Sues Madoff Investor

    May 04, 2009

    Irving Picard, the trustee liquidating Bernard Madoff’s investment firm, has sued investment manager, Stanley Chais, The Wall Street Journal reports.

  • KKR Enrolls For UN’ Ethics Code

    May 04, 2009

    Private equity firm, KKR, has registered for the United Nations’ voluntary ethical investment guidelines, Financial News reports.

  • Real Estate Fund Eyes Western Investments

    May 04, 2009

    Newly formed Pasadena, Calf.-based Fides Capital Management will have the initial closing for its first real estate private equity fund in the fourth quarter at $75 million.

  • Warburg Seeks Buyer For Archimedes

    May 01, 2009

    Private equity firm Warburg Pincus is seeking a buyer for Archimedes Pharma, a U.K.-based firm with a new cancer pain treatment.

  • Buechler Holds Positions For Anticipated Currency Appreciation

    May 01, 2009

    Buechler Capital Asset Management is holding onto its positions in Australia and New Zealand in their local currencies, waiting to cash out until they appreciate against the U.S. dollar—something Founder Bill Buechler anticipates happening soon, as he believes the intrinsic value of the U.S. dollar is set to fall.

  • Big TV Eyes Stake Sale To PE Firms

    May 01, 2009

    Reliance Big TV is in talks with private equity firms, such as Carlyle Group, Sequoia Capital and KKR, to sell a 49% stake, Business Standard reports.

  • Kiwi HF Firm Enters London

    May 01, 2009

    New Zealand hedge fund firm, 36 South, has opened a London office, Citywire reports.

  • Beltone PE Floats $200M MENA Fund

    May 01, 2009

    Egyptian firm, Beltone Private Equity, has launched a $200 million fund to invest in businesses in Egypt and the Gulf States, Reuters reports.

  • Aviva To Sell £800M RE Portfolio

    May 01, 2009

    Fund manager, Aviva Investors, is planning to raise £800 million by selling commercial property from its with-profits funds, Financial Times reports.

  • Oyster To Start Absolute Return Fund

    May 01, 2009

    Banque Syz & Company is planning to float a global convertible bond fund and absolute return fund within its Oyster Sicav funds, Citywire reports.

  • Numen Launches Credit Opps Fund

    May 01, 2009

    Numen Capital has started a credit opportunities fund, which focuses on stressed, distressed and event-driven special situation credits, FINalternatives reports.

  • European Capital May Sell For €2B

    May 01, 2009

    Private equity firm, American Capital, is planning to sell its European Capital unit for about €2 billion, Reuters reports.

  • Bramdean Alternatives Attracts Offer

    May 01, 2009

    Alternative investment fund, Bramdean Alternatives, has received a takeover approach, Financial Times reports.

  • U.S. Regulator Sets HF Hearing Date

    May 01, 2009

    The U.S. House Financial Services Committee has set May 7 as the hearing date for inspecting the regulation of the $1.3 trillion hedge fund industry, Reuters reports.

  • Meditron Adds Co-Portfolio Manager

    May 01, 2009

    Alternative asset manager, Meditron Asset Management, has appointed Joseph Di Virgilio as co-portfolio manager, HedgeWeek reports.

  • Ex-BlackRock Vet Shuts HighView Fund

    May 01, 2009

    BlackRock co-founder and ex-president, Ralph Schlosstein, is shutting the firm he formed with Evercore Partners, Bloomberg reports.

  • JC Flowers Rebuffs Berlin Deal

    May 01, 2009

    Private equity firm, JC Flowers & Company, has declined Germany’s offer to buy its shares in Hypo Real Estate, Financial Times reports.

  • Perella Weinberg HF In Chrysler Deal

    May 01, 2009

    Hedge-fund manager, Perella Weinberg Partners’ Xerion Fund has consented to the Treasury Department’s $2 billion debt-reduction deal for Chrysler’s creditors, The Wall Street Journal reports.

  • Aldus Founder Faces NY Pension Probe

    May 01, 2009

    Saul Meyer, founder and managing partner of Aldus Equity Partners, is facing criminal charges as part of investigations into possible kickbacks in New York’s state retirement fund, The Wall Street Journal reports.

  • U.K. Borough Revamps Manager Roster

    May 01, 2009

    Royal County of Berkshire Pension Scheme, the GBP1.4 billion scheme for the Royal Borough of Windsor and Maidenhead, has made changes to its asset allocation and overhauled its manager roster with 11 new appointments.

  • San Antonio To Bring In HF Consultant

    May 01, 2009

    The $1.8 billion San Antonio (Texas) Fire & Police Pension Fund is seeking a hedge fund consultant to advise the fund’s $200 million allocation to the asset class.

  • AIN Data Commentary, May 1, 2009

    May 01, 2009

    March was overall a positive month for hedge funds.

  • "There's a real barrier to entry [and] anything with Islam is not very popular [there]."

    May 01, 2009

    --Toby Birch, founder of Birch Asset Limited, on his decision not to approach U.S. investors with his Shariah-compliant .

  • Alternatives Manager Search Directory

    May 01, 2009

  • Mandate Scoreboard

    May 01, 2009

  • Hedge Fund Strategy Performance - March

    May 01, 2009

  • Performance Snapshot: Long/Short Equity Managers

    May 01, 2009

  • Corporate Pension Fund Investor Of The Year Nominees

    May 01, 2009

  • Public Pension Fund Investor Of The Year Nominees

    May 01, 2009

  • Nonprofit Investor Of The Year Nominees

    May 01, 2009

  • Investor Nominees Revealed

    May 01, 2009

    AIN has announced the nominees in the investor categories of the 7th Annual Hedge Fund Industry Awards. Find out who is up for the Nonprofit Investor, Public Fund Investor and Corporate Fund Investor accolades.


 

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