Stories

  • Inflows Rising, But Redemptions Still Prevail

    May 22, 2009

    April showed encouraging signs for those in the hedge fund industry who believe recovery is around the corner, as findings by Eurekahedge suggest that allocations by investors are slowly increasing.

  • Guild Prepares For Dollar Decline

    May 22, 2009

    Guild Investment Management is putting its capital in German, Australian and Norwegian government bonds as well as investing in equities of fast-growing markets, preparing for what it anticipates is a deep decline of the U.S. dollar.

  • Laurus-Valens Preps Hands On Fund

    May 22, 2009

    New York-based Laurus-Valens, which specializes in financing publicly-traded small- and micro-cap companies, is putting together a $200 million fund called Certus Fund in which it will be an active investor.

  • Hedge Funds Back Into Options To Bet On Dollar/Yen

    May 21, 2009

    Hedge funds are dipping their toes back into the dollar/yen options market after months of absence, betting that eventual interest rate tightening by the U.S. Federal Reserve will help the greenback gain against the yen, Reuters reports.

  • SFO Plans Hedge Fund Crime Detector

    May 21, 2009

    The Serious Fraud Office is building a warning system to help it spot hedge fund fraud, the head of the agency said on Wednesday, Reuters reports.

  • Opportunists Bid Up Private Equity Assets

    May 21, 2009

    Pension funds and wealthy middle-east sovereign wealth funds are buying up investments in private equity funds, pushing up prices and sidelining secondary firms that specialize in acquiring the assets, Reuters reports.

  • Morgan Stanley Said To Dismiss Head Of Brokerage Unit

    May 21, 2009

    Morgan Stanley has dismissed its head of prime brokerage, Stu Hendel, who ran the bank’s hedge fund service business since the fall of 2006, people who were briefed on the decision said Thursday. Hendel’s departure was announced in an internal memorandum, the New York Times reports.

  • Funds Attracted Most Money in 9 Months April

    May 21, 2009

    Hedge funds attracted $15.4 billion in April, the biggest inflow in nine months, Bloomberg reports.

  • EU Depositary Requirements May Drive Managers Out Of EU

    May 21, 2009

    Besides potentially causing havoc for non-European hedge fund managers (totalalternatives.com, May 14), the pending EU Directive on Alternative Investment Fund Managers (AIFM) could make it very difficult for local managers to manage money.

  • S2 Shuts Down

    May 21, 2009

    S2 Capital Management will liquidate its long/short U.S. equity S2 Capital Fund and the offshore version at the end of the month.

  • WealthWise, CCO Settle Fund Advice Claim

    May 21, 2009

    Angus Murray, head of the investment committee at Investment adviser WealthWise and Jeffrey Forrest, the firm’s president, ceo and chief compliance officer, have settled a Securities and Exchange Commission administrative proceeding over alleged hedge fund recommendations.

  • Castlestone Manager Touts Real Assets

    May 21, 2009

    Angus Murray, head of the investment committee at Castlestone Management, is seeing an increasing acceptance from institutional investors of the need to allocate to real assets, as he believes in the current environment there is less choice of asset classes in which to invest—in order to get good returns.

  • Park Place Looks To Vendors For Inflows

    May 21, 2009

    Park Place Capital, a Europe-focused long/short firm headquartered in London, plans to offer managed accounts after a hiatus of six or seven years and believes third-party due diligence and consulting firms might hold the key.

  • ETF Specialist Plots First Fund

    May 21, 2009

    Newbury Park, Calif.-based ETF Portfolio Management is planning to offer its long/short exchange-traded fund strategy as a pooled fund.

  • Gartmore Rethinks Alts Distribution

    May 21, 2009

    Gartmore is looking to grow back to its $10 billion alternatives capacity, after last year saw the London shop's hedge fund assets shrink to around $4 billion, mainly due to redemptions.

  • Man To Adopt Independent Valuation

    May 20, 2009

    Man Group is planning to expand the independent valuation of its flagship AHL strategy, Reuters reports.

  • Pictet Launches Agri Fund

    May 20, 2009

    Swiss private bank Pictet has floated a thematic fund which will invest in agricultural stocks, Financial Times reports.

  • Dexion Shareholders Shun FoHF

    May 20, 2009

    About two-thirds of shareholders in a listed fund of hedge funds, run by Dexion Capital, have opposed further investment in the vehicle, Financial News reports.

  • India Investors Seek Healthcare Ops

    May 20, 2009

    Private equity and venture capital investors that have committed over $2 billion to healthcare and life sciences companies in India over the last five years are interested in investing more, according to a Venture Intelligence survey.

  • Och-Ziff Stocks Up On Cash

    May 20, 2009

    Daniel Och has stored about 35% of his $20 billion hedge fund assets in cash in the first quarter, Bloomberg reports.

  • Ackman Wins Support For Target Seat

    May 20, 2009

    Activist investor Bill Ackman has won support from proxy adviser RiskMetrics to gain a seat on the board of retailer Target, Financial Times reports.

  • Merkin Gives Up HFs To Receivers

    May 20, 2009

    Financier Ezra Merkin, who lost over $2.4 billion of his clients’ money in Bernard Madoff’s Ponzi scheme, will resign as manager of his hedge funds and place them into receivership, The Wall Street Journal reports.

  • Ascend Seeks Seeders For Debut HF

    May 20, 2009

    Connecticut hedge fund firm Ascend Capital Partners is marketing its first fund to hedge fund seeders, FINalternatives reports.

  • Funds Offer Higher Hurdles

    May 20, 2009

    Attracting new money is the name of the game for hedge funds, and managers are offering incentives to lure existing investors to put in additional capital.

  • Maine Fund Launches Offshore Version

    May 20, 2009

    Portland-based Harpswell Capital Management has rolled out Harpswell Capital Partners Offshore, a version of its energy-focused market-neutral strategy, to attract money from overseas.

  • Halbis Awaits Currency Inflows

    May 20, 2009

    Having weathered the storm relatively well with most of its funds, HSBC investment arm Halbis expects money to start coming in for its latest strategy, a systematic fund focused on the G-10 currencies, which launched in March.

  • Emergent Plays Commodity Growth In FX Fund

    May 20, 2009

    Emergent Asset Management is building a basket of short positions in the dollar in its Emergent FX Fund, set against long exposure to currencies in countries that are likely to benefit from growth in commodities—namely Brazil, Australia and Canada.

  • TCI Reduces $1B Japan Short Positions

    May 19, 2009

    Activist hedge fund The Children’s Investment Fund has slashed its short positions in Japanese stocks by about $1 billion, Bloomberg reports.

  • Tudor To Back Abax Hedge Fund

    May 19, 2009

    Hong Kong-based asset manager Abax Global Capital is planning to open a hedge fund backed by Tudor Investment to outside investors, Bloomberg reports.

  • CQS Oil Rig Fund Returns To Market

    May 19, 2009

    CQS Rig Finance Fund has re-launched in the market after restructuring its own debt facility, Financial News reports.

  • GLG Chairman Shifts Base

    May 19, 2009

    GLG Partners Chairman and co-CEO Noam Gottesman will relocate to New York in July, Reuters reports.

  • TCI Adds Ex-Canyon Euro Head

    May 19, 2009

    Activist hedge fund The Children’s Investment Fund (TCI) has added Masroor Siddiqui to its team, Reuters reports.

  • U.S. Attorney Probes Madoff Investors

    May 19, 2009

    Roughly eight investors and associates investors are being investigated in the Bernard Madoff fraud case, The Wall Street Journal reports.

  • SAC Permits Quarterly Withdrawals

    May 19, 2009

    SAC Capital Advisors will allow quarterly redemptions from its flagship fund starting June 1, Bloomberg reports.

  • Cantillon Taps Ex-Lazard Exec

    May 19, 2009

    Hedge fund manager Cantillon Capital Management has added Suzie Procter to its funds distribution staff, Financial News reports.

  • Administrator Launches Platform For Pure Distressed Funds

    May 19, 2009

    LaCrosse Global Fund Services has created a new specialized administration platform for pure distressed credit and distressed mortgage funds as greater importance is placed on third-party administrators.

  • London Firm Hiring For Swiss Sales

    May 19, 2009

    London alternatives house Managing Partners is looking to hire a Swiss national to sell its Traded Policies Fund to investors in the country.

  • London PE Shop Takes A Year Out

    May 19, 2009

    Pre-X Capital Management has scuppered the launch of its third annual pre-IPO fund, designed to take advantage of the U.K.’s Enterprise Investment Scheme—which offers tax relief to investors allocating to small unquoted U.K. companies.

  • London Firm Preps European L/S Fund

    May 19, 2009

    London-based futures firm MET Traders is preparing a European long/short equity strategy for launch this quarter, according to a Credit Suisse cap intro document.

  • Graham President Quits

    May 19, 2009

    Mark Werner, president of Graham Capital Management, has resigned from the Rowayton, Conn.-based hedge fund firm to start his own sell-side fixed-income securities brokerage firm with a focus on Treasuries.

  • Culross Eyes Diverse Credit FoFs

    May 19, 2009

    Culross Global Management is planning to launch two credit-focused funds of hedge funds in the next year—one liquid and the other illiquid.

  • KKR Continues MidEast Expansion With Hire

    May 18, 2009

    Kohlberg Kravis Roberts has tapped ex-U.S. ambassador to Saudi Arabia Ford Fraker as part of its expansion in the Middle East, The Wall Street Journal reports.

  • Pengana Shuts Aussie, Starts Asian RE Fund

    May 18, 2009

    Fund manager Pengana Capital has closed its Australian property securities fund, Investor Daily reports.

  • Advent Mulls U.K.’s Four Seasons Bid

    May 18, 2009

    Advent International is planning to bid for British care-home operator Four Seasons Health Care, Reuters reports.

  • Ascenta Preps Special Situations Fund

    May 18, 2009

    Ascenta International is planning to launch a special situations resource fund, Financial Times reports.

  • UBP Plans $500M FoHF

    May 18, 2009

    Swiss private bank, UBP, is planning to float a $500 million fund of hedge fund, Citywire reports.

  • SFO Arrests Two In Hedge Fund Fraud

    May 18, 2009

    Investigators from the Serious Fraud Office (SFO) have apprehended two persons supposedly involved in a fraud in the collapsed London hedge fund manager, Weavering Capital, Financial Times reports.

  • Ex-Perot Firm Traders To Start Fund

    May 18, 2009

    Two former traders of Ross Perot's investment firm Parkcentral Capital Management are looking for capital to start their own hedge fund, The New York Post reports.

  • Behrman Appoints Operating Partner

    May 18, 2009

    Private equity firm Behrman Capital has appointed Robert Flaherty as an operating partner.

  • Vulcan Capital Names President

    May 18, 2009

    Private equity firm Vulcan Capital has promoted Chris Temple to the post of president.

  • Harbinger Buys $150M McDermott Stake

    May 18, 2009

    Harbinger Capital Partners has bought a 4.8% stake in Houston-based McDermott International, valued at about $150 million, Bloomberg reports.

  • Soros HF Cuts Petrobras Stake

    May 18, 2009

    Billionaire George Soros’ hedge fund has slashed stakes in Brazilian oil company Petrobras and Potash Corporation of Saskatchewan, Bloomberg reports.

  • HF Raps BofA CEO Over Countrywide

    May 18, 2009

    SRM Global has claimed that Bank of America CEO, Kenneth Lewis, should have known important financial information about Countrywide Financial, before acquiring it last year, Financial Times reports.

  • Quant Firm Pushes Back Debut Fund Again

    May 18, 2009

    Red Dot Investment Strategies has pushed back the planned launch for its debut quantitative fund to August.

  • Jadeite Founder Reboots With Global Strat

    May 18, 2009

    Greg Jones, founder of Jadeite Capital Investment Advisors in New York, is planning to launch a global long/short equity fund and may also reboot his dormant Asia hedge fund.

  • Morgan Stanley Rolls Out TALF Fund

    May 18, 2009

    Morgan Stanley Investment Management has launched a fund to focus on the Term Asset-Backed Securities Loan Facility (TALF).

  • Nordea Vets Retreat To Long-Only

    May 18, 2009

    Capital Four Management, a Copenhagen boutique set up in 2007 by four Nordea credit veterans, is shutting down its long/short credit fund and focusing instead on long-only opportunities.

  • Lighthouse Mints Derivatives Platform

    May 15, 2009

    New York investment bank Lighthouse Financial has launched a derivatives operation focusing on equity and credit. It may expand into commodities and potentially currencies downstream.

  • Blackstone Cancels Plan For Nieman’s Fund

    May 15, 2009

    Blackstone Group, the world’s biggest buyout company, canceled a plan to start a hedge fund that initially aimed to invest as much as $1 billion in Asian companies affected by events such as mergers and reorganizations, Bloomberg reports.

  • Toscafund Lifts Last Gate As Its Funds Revive

    May 15, 2009

    Toscafund Asset Management, a U.K. hedge-fund firm that was among the worst hit by the global stock-market downturn, has marked a return to "business as usual" by unlocking the last of the three funds it was forced to freeze last year, the Wall Street Journal reports.

  • Blackstone Cancels Plan For Nieman’s Fund

    May 15, 2009

    Blackstone Group, the world’s biggest buyout company, canceled a plan to start a hedge fund that initially aimed to invest as much as $1 billion in Asian companies affected by events such as mergers and reorganizations, Bloomberg reports.

  • One-time N.Y. Pension Overseer McCall in Cuomo Probe

    May 15, 2009

    Former New York state Comptroller H. Carl McCall, once chief fiduciary of the third-largest public- employee pension fund, said a deal he made three years after leaving office has involved him in a widening investigation of so-called placement agents, Bloomberg reports.

  • Investors Raise Questions About Simons' Funds

    May 15, 2009

    Investors in a hedge fund run by James Simons are questioning why a fund held by the mathematics professor-turned-investor and his colleagues has made big gains while another held mostly by outside investors has lost money, The Wall Street Journal said.

  • Japan Fund Bullish On Financials, Electronics

    May 15, 2009

    Tokyo-based Moon Light Capital, which manages a socially-responsible hedge fund, sees plenty of opportunities to go long financials, electronics companies, real estate, and machinery companies in the new few weeks.

  • Tiburon Reduces Asian Beta Plays

    May 15, 2009

    Tiburon Partners has reduced exposure in its long/short Asia ex-Japan Tiburon Tiger Fund to 50% from 65%.

  • Oaktree To Launch Two Funds

    May 15, 2009

    Oaktree Capital Management will begin fundraising for its eighth opportunities fund and fifth real estate opportunities fund soon, and has completed a second close on its Principal Fund V at $1 billion.

  • AIN Data Commentary, May 15, 2009

    May 15, 2009

    Several of our data sources have proclaimed April as the best month hedge funds have experienced in years.

  • One Year Ago In Alternative Investment News

    May 15, 2009

    Former Pequot Capital Management Portfolio Manager David Moradi founded Anthion Capital and was preparing to launch a long/short TMT fund...

  • "With no business and no income, there's only a certain amount of time we can do this"

    May 15, 2009

    --John Aylott, founder of 360 Asset Management, who is holding out for new backer for his firm.

  • Alternatives Manager Search Directory

    May 15, 2009

  • Mandate Scoreboard

    May 15, 2009

  • Performance Snapshot: Multi-strategy hedge fund index

    May 15, 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