Stories

  • Atlantic Subsidiary To Launch TALF Fund

    May 29, 2009

    SRA Asset Management, a new subsidiary of Stamford, Conn.,-based Atlantic Asset Management, is launching a fund in June to invest in securitizations using funding from the Term Asset-Backed Securities Loan Facility.

  • Dutch Auctions Likely To Fade

    May 29, 2009

    The market for Dutch auctions—the private marketplace where a placement agent matches buyers and sellers who have agreed to a binding bid or offer price based on market demand—is likely to diminish now that liquidity is returning to the marketplace.

  • Mercer Re-Opens Door To Hedge Funds

    May 29, 2009

    Mercer has started advising clients to put new money into hedge funds after cautioning against it since August.

  • PTC India To Launch PE Fund

    May 28, 2009

    Power trading firm PTC India is planning to set up a private equity fund for power projects, Reuters reports.

  • Tata To Raise $1B For Realty Unit

    May 28, 2009

    India’s Tata Realty & Infrastructure is planning to raise $1 billion via an offshore fund, The Wall Street Journal reports.

  • GIC To Keep Citi, UBS Stakes

    May 28, 2009

    The Government of Singapore Investment Corporation is planning to retain its stake in Citigroup and UBS, Reuters reports.

  • SEB Launches FoFs In Spain, Sweden

    May 28, 2009

    SEB Asset Management has floated two fund-of-funds in Spain and Sweden, Citywire reports.

  • Henderson Plans Special Situations Fund

    May 28, 2009

    Fund manager Henderson New Star is gearing up to float a European Special Situations fund, Financial Times reports.

  • MatlinPatterson To Buy Foamex

    May 28, 2009

    Private equity firms MatlinPatterson Global Opportunities Partners and Black Diamond Capital Management will buy bankrupt Foamex International, Reuters reports.

  • Best Buy Starts Digital Media VC Fund

    May 28, 2009

    Consumer electronics retailer Best Buy is backing a new digital media investment fund to be run by venture capital firm Fuse Capital, Financial Times reports.

  • Fortress, PE Firms To Put $800M In Bank

    May 28, 2009

    Private equity firm Fortress Investment, along with other investors, is planning to pump in $800 million into Florida bank First Southern, Financial Times reports.

  • Samberg To Shutter Firm

    May 28, 2009

    Hedge fund manager Arthur Samberg is shutting Pequot Capital Management, Financial Times reports.

  • Smith Out At Credit Suisse

    May 28, 2009

    Steve Smith, who oversaw Credit Suisse's single managers, funds of hedge funds and index platform from London as head of the liquid alternatives business, has resigned his post effective immediately, according to an internal memo that went out on Thursday morning.

  • Bay Harbour Preps Mid-Market Restructuring Fund

    May 28, 2009

    Bay Harbour Management is raising money to roll out the first private equity/control fund to buy out middle-market distressed companies and oversee their turnaround.

  • Henderson Unveils ABS Fund

    May 28, 2009

    Henderson Global Investors has rolled out the European ABS Opportunity Fund and is set to hold a first close for it on July 1, targeting E250 million.

  • Argonaut Makes Play For M.E., Asian Money

    May 28, 2009

    David Gerstenhaber’s discretionary macro shop, Argonaut Capital Management, is looking to raise money from investors in the Middle East and Asia.

  • Greylock Raises Money For LatAm Fund

    May 27, 2009

    After first-closing its Africa-focused fund at $77 million, New York-based Greylock Capital Management has now turned its attention to its LatAM fund.

  • Abu Dhabi, France Ink MoU

    May 27, 2009

    Abu Dhabi government investment unit Mubadala Development Company has inked a deal to look for joint investment opportunities in French companies, Khaleej Times reports.

  • Bain, KKR, Warburg Eye China’s Gome

    May 27, 2009

    Private equity firms, Bain Capital, KKR and Warburg Pincus are competing for a stake in Chinese electronics retailer, Gome Electrical Appliances Holdings, Bloomberg reports.

  • HFs To Reject EU Directive

    May 27, 2009

    The hedge fund industry is planning to introduce a series of initiatives in opposition to the European Union’s proposals to regulate the sector, The Wall Street Journal reports.

  • OAM Taps Brevan Howard Vet

    May 27, 2009

    Overlay Asset Management has named Philip Bond as head of research, HedgeWeek reports.

  • C&R Property Fund To Raise £50M

    May 27, 2009

    U.K. real estate fund manager, Capital & Regional’s X-Leisure fund is planning to raise about £50 million by selling new units to existing unit holders, Reuters reports.

  • Conn. Seeks More Hedge Fund Transparency

    May 27, 2009

    Democratic senators have approved a plan to make Connecticut the first U.S. state to call for more disclosure and transparency for hedge funds, private equity firms and venture capitalists, Courant.com reports.

  • Sprott Loses Senior HF Manager

    May 27, 2009

    Jean-Francois Tardif, senior portfolio manager at Sprott Asset Management, is retiring on July 7.

  • Panel Seeks To Reform Buyout Rules

    May 27, 2009

    A panel of academics, investment managers, regulators and private equity managers has proposed a set of reforms to make it easier for buyout firms to buy financial institutions, The Wall Street Journal reports.

  • Ackman To Keep Target Stake If Elected

    May 27, 2009

    Bill Ackman has refused to sell his personal stake in Target for a minimum of five years if elected to the retailer’s board, The Wall Street Journal reports.

  • Advisory Firms Support HF On Saks

    May 27, 2009

    Proxy advisory firms, RiskMetrics and Glass Lewis, are supporting hedge fund P Schoenfeld Asset Management in its proxy fight with luxury retailer, Saks, The New York Times reports.

  • Life Insurance Fund Sees Increase In Policy Sellers

    May 27, 2009

    Tranen Capital, whose Tranen Capital Alternative Investment Fund trades life insurance policies, is planning to profit from the number of senior citizens who bought life insurance policies before the economic crisis and now cannot afford to pay their premiums.

  • NIR Hires Ex-Yorkville Exec

    May 27, 2009

    David Ratzker, formerly of Yorkville Advisors, has joined NIR Group as a portfolio manager.

  • Ex-Carlyle MD Starts Firm

    May 27, 2009

    Joseph Ainsberg, former managing director and portfolio manager at Carlyle-Blue Wave Partners Management, has formed Onslow Advisors and will launch the Onslow Global Fund, a long/short equity strategy, in July.

  • Stenham Adds Global Macro Share Classes

    May 27, 2009

    Stenham Asset Management has rolled out additional share classes for its $200 million global macro Stenham Trading Fund to allow investors to diversify their currency exposure.

  • Cadogan To Develop Think Tank

    May 27, 2009

    New York-based fund of hedge funds firm Cadogan Management is working to create a 'think tank' of sorts for hedge fund professionals to do what CEO Stuart Leaf believes no one else is doing--settle on new investment management standards for the industry.

  • Morgan Stanley To Eliminate Redundant Funds

    May 27, 2009

    Morgan Stanley is likely to streamline the offerings in the combined Morgan Stanley Smith Barney single manager and fund of funds program once the merger is completed this month.

  • Industry Welcomes New Anti-Fraud Plan

    May 27, 2009

    Industry professionals have welcomed news the U.K. Serious Fraud Office is planning to create a warning system to identify hedge fund fraud.

  • Midlands PE Firm Bolsters Investment Team

    May 27, 2009

    Catapult Venture Managers has made two hires for its investment team.

  • Australia Lifts Short Sell Ban

    May 26, 2009

    Australia's securities regulator lifted its eight-month ban on covered short selling of financial stocks yesterday, bringing the country into line with all major developed markets that had already lifted their temporary bans on the practice, The Financial Times reports.

  • Closed-End FoF To List On London Stock Exchange

    May 26, 2009

    Castle Alternative Invest, a closed-ended fund of hedge funds listed on the SIX Swiss Exchange, is expected to dual list on the London Stock Exchange starting June 5.

  • Julius Baer Purchases Italian Asset Manager

    May 26, 2009

    Julius Baer is purchasing Alpha SIM, a Milan-based independent asset manager for wealthy clients, for an undisclosed sum, Reuters reports.

  • Currency Firm Hires Researcher

    May 26, 2009

    Overlay Asset Management, a currency management specialist, has appointed Philip Bond as head of research.

  • NY Pension Decreases FoF Stake

    May 26, 2009

    New York state's pension fund has cut its so-called fund of funds investments to about $500 million from $5 billion since January 2008, after deciding direct investments were preferable, reports Reuters.

  • CalPERS Hints At Starting Hedge Funds

    May 26, 2009

    The $180 billion California Public Employees’ Retirement System is hinting at a bold stroke: building its own hedge funds and running them in-house, Alpha reports.

  • Welton Creates Risk Manager Post

    May 26, 2009

    Carmel, Calif.-based managed futures firm Welton Investment Corporation has hired Guillaume Detrait as managing director and chief risk officer, a new position at the firm.

  • Elizabethtown Eyes Real Assets, Emerging Markets

    May 26, 2009

    Dauphin Capital Partners, which runs Elizabethtown College’s endowment, is seeking to increase its allocations to funds focused on real assets and emerging markets in the next few months.

  • GLG Tackles FoF Illiquidity

    May 26, 2009

    GLG Partners has set up a spin-off portfolio linked to one of its four funds of external hedge funds in order to deal with the liquidity problems created by some of its managers.

  • Former Soros, Credit Suisse Execs Form Firm

    May 26, 2009

    Michael Takata and Michael Ryan, formerly of Soros Fund Management and Credit Suisse, respectively, have formed JAI Capital Management and will launch the JAI Capital Partners fund and its offshore version in June.

  • Swiss FX Firm Looks To The East

    May 26, 2009

    Spot-Forex Management, a currency manager based in Fribourg, is seeking money from high-net-worth individuals and private banks in Asia and the Middle East, and is seeking to partner with referral agents with whom it would split its fees.

  • PE Firm Moves Away From Distressed Banks

    May 26, 2009

    Context Capital Partners’ community banking private equity fund is shifting how it invests its remaining capital by moving away from distressed institutions.

  • AIN Data Commentary, May 22, 2009

    May 22, 2009

    Last week we noted that several of our sources, including EurekaHedge and BarclayHedge, had proclaimed April 2009 the best month for hedge funds in years.

  • Bramdean Starts Countdown To Break-Up, Will Unmask Bidder

    May 22, 2009

    Bramdean Alternatives, the investment trust managed by Nicola Horlick, yielded to shareholder pressure yesterday and pledged to break itself up if it received no takeover bid within ten weeks, the Times of London reports.

  • UBS Wins Lawsuit Over $1.4 Million Repayment From Madoff Fund

    May 22, 2009

    UBS’s Luxembourg unit won a court ruling against French bank VP Finance in a lawsuit claiming back $1.4 million from an account belonging to a fund that invested with Bernard Madoff.

  • Illinois Teachers Ups Commitment To Alternatives

    May 22, 2009

    The $27.2 billion Teachers’ Retirement System of the State of Illinois is giving its hedge fund and private equity portfolios a boost, raising its long-term commitments to both asset classes, FINAlts reports.

  • Senor Schwarzman’s South American Swing

    May 22, 2009

    A recent spate of initial public offerings in the US and in the UK have raised hopes of a broader recovery that will allow more private companies to tap the global capital markets, the Financial Times reports.

  • Liddy To Step Down As AIG Head

    May 22, 2009

    A recent spate of initial public offerings in the US and in the UK have raised hopes of a broader recovery that will allow more private companies to tap the global capital markets, the Financial Times reports.

  • Promising IPOs Point To Flotation Thaw

    May 22, 2009

    A recent spate of initial public offerings in the US and in the UK have raised hopes of a broader recovery that will allow more private companies to tap the global capital markets, the Financial Times reports.

  • Hedge Fund Insurance Costs Rise as Lehman, Madoff Spur Scrutiny

    May 22, 2009

    The cost of insuring hedge funds against negligence has risen as much as 20% in the past six months after Lehman Brother’s bankruptcy and Bernard Madoff’s Ponzi scheme increased the threat of lawsuits, Bloomberg reports.

  • CTA Firm Eyes Equity Fund

    May 22, 2009

    CTA firm Systematic Alpha Management is planning to launch an equity-based strategy that trades single-name stocks.

  • Drexel Seeks Hedge Funds, Emerging Markets

    May 22, 2009

    Drexel University is seeking hedge funds and emerging market managers for its roughly $400 million endowment.

  • Family Office-Focused Manager Launches TALF Fund

    May 22, 2009

    Sun Valley, Idaho-based investment advisory firm Interfund Capital is launching a fund to invest in securities under the Term Asset-Backed Securities Loan Facility that targets smaller institutions.

  • One Year Ago In Alternative Investment News

    May 21, 2009

    The Blackstone Group had hired Philip Anker to lead the firm's push to make its single-manager hedge fund business global...

  • "We're not gamblers here. We bypass psychology; we work with math."

    May 21, 2009

    --Corneliu Popovici, founder of Red Dot Investment Strategies, defends his quant model.

  • Alternatives Manager Search Directory

    May 21, 2009

  • Mandate Scoreboard

    May 21, 2009

  • Hedge Fund Strategy Performance - April 2009

    May 21, 2009

  • Performance Snapshot: Fixed-income hedge funds

    May 21, 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?

 - 20%
 - 80%

View previous results