Stories

  • Gulf Capital Raises $476M For PE Fund

    June 04, 2009

    Abu Dhabi-based private equity firm Gulf Capital has raised $476 million for its GC Equity Partners II fund, AltAssets reports.

  • Flowering Tree To Boost Asia Equity Fund

    June 04, 2009

    Flowering Tree Investment Management is planning to expand its Asian equities hedge fund by nearly 20 times its starting capital within the next two years, Bloomberg reports.

  • Legg Mason Launches S’pore Bond Fund

    June 04, 2009

    Legg Mason has launched the Western Asset Global Multi Strategy Fund in Singapore, Asian Investor reports.

  • Lazard Hires Oil & Gas Chairman

    June 04, 2009

    Lazard has hired Jack Lentz as chairman of international oil and gas, effective June 10. Lentz was head of Lehman Brothers’ worldwide energy practice.

  • Robeco To Relocate PE Team

    June 04, 2009

    Robeco will shift its clean tech and sustainable private equity team from Rotterdam to Zurich, IPE reports.

  • GCP Rolls Out U.K. Retail Infra Fund

    June 04, 2009

    Gravis Capital Partners has unveiled its maiden debt-focused U.K. retail infrastructure fund, Financial Times reports.

  • Thames River To Run Quantum Fund

    June 04, 2009

    Quantum Asset Management has transferred the investment management of its U.K. Absolute Income fund to Thames River Capital, Financial Times reports.

  • Investors To Pump $50B In HFs

    June 04, 2009

    The hedge fund industry may get a $50 billion boost via investments from pension funds, family trusts and other investors, according to a report by Barclays Capital, Financial Times reports.

  • RWC To Launch U.S. Long/Short Fund

    June 04, 2009

    RWC Partners is planning a U.S. fund for former Threadneedle Manager Mike Corcell, Investment Week reports.

  • TPH Launches Energy PE Firm

    June 04, 2009

    TPH Partners, a middle-market energy private equity fund, has created BlueRock Energy Capital II, Private Equity Wire reports.

  • Morgan Stanley PE, Triana Ink Deal

    June 04, 2009

    Morgan Stanley Private Equity has entered an alliance with Triana Energy Investments, Private Equity Wire reports.

  • Icahn Claims Two Biogen Board Seats

    June 04, 2009

    Hedge fund investor Carl Icahn claims to have won two seats on the board in his proxy battle with biotechnology company, Biogen Idec, The Wall Street Journal reports.

  • JP Morgan Splits Hedge Fund, PE Unit

    June 04, 2009

    JP Morgan Chase is disbanding its investment banking unit’s hedge fund business and private equity division, The Wall Street Journal reports.

  • Ex-Goldman Exec Replaces Smith At Credit Suisse

    June 04, 2009

    Ravi Singh, a Goldman Sachs veteran, has come out of retirement to head up Credit Suisse’s $63.6 billion single manager, funds of hedge funds and index business.

  • Scandium May Reverse FoF Closure

    June 04, 2009

    In a surprise turnaround, Scandium Asset Management may keep open its fund of hedge funds, the first to be made available to Danish retail investors.

  • Unigestion Puts Distressed Plans Into Action

    June 04, 2009

    Unigestion, which has plans in the pipeline to launch two funds of funds to capitalise on the fallout from the credit crisis, has begun making investments for the first of these.

  • Third Avenue Brings On Credit Expert Duo

    June 04, 2009

    Third Avenue Management has hired two senior Street professionals to lead the charge of investing in credit for the firm’s special situation hedge fund as well as to help launch a credit opportunities debt mutual fund.

  • Startup Readies Global TMT Fund

    June 04, 2009

    Josh Resnick, founder of newly-formed Jericho Capital Management, is preparing to launch a long/short global telecommunications, media and technology fund on July 1.

  • Managers Changing Document Language

    June 04, 2009

    Hedge fund managers are working to re-draft documents to add disincentives for pre-emptive redemption requests.

  • Falcon Point Favors Bonds Over Stocks

    June 04, 2009

    San Francisco-based Falcon Point Capital, which manages both a high-yield bond and a long/short equity strategy, is more optimistic about potential returns from bonds than stocks given the still rocky economy, Jim Bitzer, senior managing director, told AIN.

  • Dutch Shop Mints Diversified FoF

    June 04, 2009

    Finles Capital Management in Utrecht has rolled out its sixth fund of hedge funds, the Alternative Harbour Fund.

  • Pacific Alliance Appoints Japan CEO

    June 03, 2009

    Pacific Alliance has hired Anthony Miller as president and CEO of its newly formed Japanese division, The Wall Street Journal reports.

  • Temasek, Li Eye AIG AM Unit

    June 03, 2009

    Singapore’s Temasek and Hong Kong tycoon, Richard Li, are close to joining a Franklin Templeton-led consortium that is negotiating to acquire American International Group’s asset management unit, The Wall Street Journal reports.

  • NIR Group Opens Singapore Office

    June 03, 2009

    Alternative investment firm NIR Group has opened an office in Singapore to take advantage of regional opportunities.

  • Arch Cuts London Staff

    June 03, 2009

    Alternative funds boutique, Arch Group, has terminated a fifth of its London-based employees, Financial News reports.

  • 36 South Unveils New HF

    June 03, 2009

    Hedge fund firm, 36 South, has started a high-risk/high-return fund, HedgeWeek reports.

  • ISAM Taps Ex-Renaissance CEO

    June 03, 2009

    Absolute return hedge fund, International Standard Asset Management (ISAM), has appointed Rod Barker as a director and partner, Financial Times reports.

  • Walker Crips Reopens U.K. HF

    June 03, 2009

    Walker Crips Asset Managers is reopening its U.K. High Alpha fund due to investor demand, Investment Week reports.

  • Fortress To Manage D.B. Zwirn Funds

    June 03, 2009

    Fortress Investment Group has been chose to manage D.B. Zwirn & Co.’s funds and accounts.

  • NY PE Firm Taps Moody’s Officer

    June 03, 2009

    StoneCastle Partners has appointed Jim Brennan as a director, PE Hub reports.

  • Citadel Funds Gain 21% In ‘09

    June 03, 2009

    Hedge fund firm, Citadel Investment Group, has profited 21% this year through May, in its main funds, Bloomberg reports.

  • Pallotta, Noble To Shut Boston HFs

    June 03, 2009

    Two Boston money managers are closing their hedge funds, The Wall Street Journal reports.

  • Chicago Arbitrage Firm Increases Team

    June 03, 2009

    Castle Creek Arbitrage has hired Richard Bray, formerly a distressed debt associate at Davidson Kempner, and Michael Specter, formerly an investment analyst at Scoggin Capital Management, as credit analysts, growing its team to 14.

  • Aladdin Preps Managed Accounts

    June 03, 2009

    Stamford, Conn.-based Aladdin Capital Management is preparing to offer managed accounts to investors.

  • Aksia To Set Up London Base

    June 03, 2009

    Aksia, the institutional consultancy focused entirely on hedge fund investing, is planning to open an office in London by the end of the year.

  • Reech Acquires U.S. L/S Manager

    June 03, 2009

    Reech Alternative Investment Management has acquired Mariner Capital and its $50 million U.S. long/short equity fund.

  • AlphaTran Looks To Snag Returning Investors

    June 03, 2009

    AlphaTran Capital in London is beginning to market its global long/short equity fund more aggressively because it believes investors are starting to allocate to hedge funds once again.

  • Ashmore Unveils Sterling Share Classes

    June 03, 2009

    Emerging markets firm Ashmore Investment Management has added sterling share classes to its $1.6 billion Ashmore SICAV Emerging Market Debt Fund (EMDF) and its $380 million Ashmore SICAV Local Currency Fund (LCF).

  • Mooring Backs Out Of Shorts

    June 03, 2009

    Following a rough March and April, Mooring Financial Corporation has repositioned itself, covering some short positions and taking on some long positions in natural gas.

  • Harbour Marketer Goes It Alone

    June 03, 2009

    Andrei Rybak, who used to be a marketer at beleaguered hedge fund platform Harbour Capital Partners in London, has resurfaced as a third-party marketer with a handful of managers on his roster.

  • IPM, Global Advisors Partnership Falls Through

    June 03, 2009

    A proposed joint venture between Stockholm-based Informed Portfolio Management and Jersey/New York commodity hedge fund Global Advisors has been abandoned.

  • Jo’burg Firm Seeks Profits In Zimbabwe

    June 03, 2009

    South African startup Gondo Capital, in partnership with Visio Capital Management, has rolled out its first two funds--both focused on Zimbabwe--and is preparing to expand its range.

  • Helios To Start ‘Jai Ho’ India Fund

    June 02, 2009

    Singapore-based Helios Capital Management is planning to set up a Slumdog Millionaire fund that will buy underperforming shares of Indian companies, Bloomberg reports.

  • Singapore, Indian Firms Plan $100M PE Fund

    June 02, 2009

    Spice Finance, the financial services unit of India’s BK Modi Group, along with Singapore’s 3 Degrees Asset Management, will launch a $100 million distressed private equity fund, VC Circle reports.

  • Thames River Adds Fund Managers

    June 02, 2009

    Thames River Capital has appointed four fund managers and an investment analyst for its global credit and European equity teams, Financial Times reports.

  • Deutsche Bank Closes FoHF

    June 02, 2009

    Deutsche Bank is closing its fund of hedge funds, the Global Masters fund, reports Financial News.

  • Marshall Wace Launches Ucits Fund

    June 02, 2009

    U.K. hedge fund manager Marshall Wace has started its fifth Ucits portfolio, Financial Times reports.

  • GLG Hires Retail Unit Co-Head

    June 02, 2009

    GLG Partners has hired Richard Phillips as co-head of its new retail unit in the U.K., Financial Times reports.

  • Morgan Stanley PE, Triana Ink Deal

    June 02, 2009

    Morgan Stanley Private Equity has inked a strategic partnership and majority investment in Triana Energy Investments, a natural gas exploration and production company.

  • Hall Capital President To Resign

    June 02, 2009

    Hall Capital Partners President John Boneparth will step down from his post at the end of June, Pension & Investments reports.

  • Ex-DB Trader Raises $160M For Fund

    June 02, 2009

    Bond trader Boaz Weinstein has raised around $160 million since April end for his new hedge fund, Bloomberg reports.

  • Dubai PE Firm Starts Saudi Office

    June 02, 2009

    Dubai-based Abraaj Capital has set up an office in Riyadh, Saudi Arabia, Private Equity News reports.

  • Alphex Launches '30/130' Japan Fund

    June 02, 2009

    Singapore-based Alphex Investments has launched the ASB Opportunity Fund--a short-biased Japan-focused hedge fund that reverses the usual 130/30 strategy to run 30% long and 130% short.

  • Pentium Eyes Move To Monaco

    June 02, 2009

    Swiss firm Pentium Fund is planning to relocate its entire staff to Monaco, where Founder Vicente Zaragoza believes it will be better placed to attract capital.

  • Barings Shorts Dollar Against China

    June 02, 2009

    Baring Asset Management is building a short position in the U.S. dollar against the Chinese renminbi in its $25 million Baring Alpha Currency Fund.

  • Ex-Greenlight, Ivory Execs Prep Fund

    June 01, 2009

    Vlad Artamonov and Todd Plutsky, both analysts at Greenlight Capital and Ivory Capital, respectively, have formed Coastal Investment Management and will launch Coastal Capital Accredited Partners, a value-oriented U.S. long/short equity strategy, on July 1.

  • Merrill To Sell Asian RE Fund Management

    June 01, 2009

    Merrill Lynch is planning to sell the management of its pan-Asia real estate opportunity fund, Private Equity Real Estate reports.

  • Nomura RE To Raise ¥64.1B

    June 01, 2009

    Nomura Real Estate Holdings will issue shares in a public offering to raise ¥64.1 billion, The Wall Street Journal reports.

  • Dynamic Decisions Liquidates Fund

    June 01, 2009

    The chief hedge fund of Dynamic Decisions Capital Management is being liquidated in the Cayman Islands, Bloomberg reports.

  • Cayman Firm To Float Energy Fund

    June 01, 2009

    Cayman Islands-based firm Commoditrade is planning to launch an energy hedge fund in the fourth quarter, Bloomberg reports.

  • France Probes Madoff-Related Funds

    June 01, 2009

    The French financial regulator and prosecutors are launching inquiries into funds related to Bernard Madoff’s $65 billion Ponzi scheme, Bloomberg reports.

  • FSA Considers Extending Shorting Disclosures

    June 01, 2009

    The Financial Services Authority (FSA) is proposing to extend the existing disclosure regime for significant short positions in stocks of UK financial sector companies, which is set to expire June 30, 2009.

  • Indie Firm Launches Hedge Funds Certification

    June 01, 2009

    Independent risk certification firm and Protean Investment Risks affiliate, Protean Fraud Risk Appraisal, has introduced the sector’s first hedge fund fraud risk certification.

  • KKR Losses Hit $1.2B For ’08

    June 01, 2009

    Private equity group Kohlberg Kravis Roberts has disclosed a $1.2 billion loss for 2008 fueled by underperforming investments including credit card processing group First Data and pharmacy chain Alliance Boots, Financial Times reports.

  • Greenlight Capital Head Shorts Moody’s

    June 01, 2009

    David Einhorn, head of hedge fund firm Greenlight Capital, is shorting Moody’s, Reuters reports.

  • Apollo Global Plans Real Estate Fund

    June 01, 2009

    Apollo Global Management is planning to launch an opportunistic private equity real estate fund later in 2009, Private Equity Real Estate reports.

  • Pequot Scout Fund To Spin Off

    June 01, 2009

    Pequot Capital Management will spin off its small-cap hedge fund and its management team into an independent firm, Reuters reports.

  • Universa To Launch Inflation HF

    June 01, 2009

    Universa Investments is planning to launch an inflation fund, The Wall Street Journal reports.

  • Carlyle Eyes Silverton Bank

    June 01, 2009

    Carlyle Group and a group of investors are in talks to acquire Silverton Bank, the failed Atlanta “bank of banks”, The Wall Street Journal reports.

  • Aureos Invests In Costa Rican Construction Co.

    June 01, 2009

    Private equity firm Aureos Capital, which manages funds decided to emerging and frontier markets, has made an investment in NiVa Euroequipos, a Costa Rican construction equipment rental company, through its Emerge Central America Growth Fund.

  • Canadian Firm Tables Offshore Launch

    June 01, 2009

    Toronto-based Creststreet Asset Management has abandoned plans to launch an offshore version of its long/short market-neutral Creststreet Alternative Energy Fund, according to Founder Robert Toole.

  • Hermes Vets Reteam For Fund Launch

    June 01, 2009

    Marco Ricci has hired Bertrand Biragnet—a former colleague from his Hermes days—to be the co-portfolio manager on Marinvest One, his European long/short fund. Biragnet joined today.

  • Marketer Sets Up Own Shop

    June 01, 2009

    Christopher Sullivan, formerly of Tara Capital, is in the process of setting up his own third-party marketing outfit. High Tower Finance is expected to be up and running by September.

  • AIN Data Commentary, May 29, 2009

    May 29, 2009

    Emerging markets hedge funds soared in March and April after losing big in 2008 and stumbling in January and February.

  • Tech Firm Responds To Flexible Reporting Demand

    May 29, 2009

    Linedata Services is aiming to answer hedge fund manager demand for more flexible reporting of performance positions by upgrading Linedata Reporting—its existing service— so the technology can pull data from multiple systems.

  • Indian MFI To Raise $50M Via PE Firms

    May 29, 2009

    India’s Share Microfinance is raising a $50 million round of equity funding, VC Circle reports.

  • HK, China Firms Plan $117M VC Fund

    May 29, 2009

    Hong Kong financial services firm Quam and China’s Suzhou High-Tech Venture Capital Group are planning to set up a $117 million venture capital fund.

  • PE Firm To Buy £200M Brixton Assets

    May 29, 2009

    Brixton is negotiating to sell properties worth about £200 million to private equity firm Westbrook Partners, Financial Times reports. The

  • Man Group To Launch New HF Business

    May 29, 2009

    Man Group is planning to launch a new hedge fund management business in June, Financial Times reports.

  • Candover Nears Wood Mackenzie Sale

    May 29, 2009

    Candover is close to reaching a deal for the sale of Wood Mackenzie, Financial Times reports.

  • J O Hambro Names Interim CEO

    May 29, 2009

    J O Hambro Investment Management has appointed hedge fund executive Hugh Grootenhuis as temporary ceo, Financial Times reports.

  • Hunt For Madoff Assets To Take 10 Years

    May 29, 2009

    The process of locating Bernard Madoff’s defunct money-management firm’s assets and paying back victims of the Ponzi scheme is likely to take over 10 years, Bloomberg reports.

  • Ex-Wachovia Chief Joins PE Firm

    May 29, 2009

    Wachovia’s ex-CEO Kennedy Thompson has been appointed as adviser by a private equity firm, The New York Times reports.

  • Tontine Raises $11M For New Fund

    May 29, 2009

    Tontine Partners has raised $11 million for its new Tontine Total Return Fund, Dow Jones reports.

  • Target Investors Reject Ackman Board

    May 29, 2009

    Shareholders of Target voted to bring back the company’s four current directors, rejecting a slate nominated by hedge fund manager William Ackman, The Wall Street Journal reports.

  • Emerging Markets Hedge Funds Gain In Q109

    May 29, 2009

    Emerging markets hedge funds posted gains during the first four months of 2009, with the HFRI Emerging Markets Index gaining 1% in the first quarter and 7.5% in April, according to Hedge Fund Research.

  • Risk Advisory Firm Slowly Growing

    May 29, 2009

    Independent risk advisory firm Catalina Partners has brought on two clients since its March launch, and Co-Founder Mason Snyder said he hopes to be at capacity by year end.

  • Quant Startup Snubs Seeding Deal

    May 29, 2009

    M2 Capital Partners, the systematic hedge fund firm being set up by Irakli Menabde and Nicolas Merzeau (totalalternatives.com, March 31), has broken off negotiations with its planned seeder and the pair’s current employer, I2BF Capital Advisors.

  • One Year Ago In Alternative Investment News

    May 29, 2009

    Bear Stearns Asset Management was preparing to shut down its long/short fund following its acquisition by JPMorgan...

  • "The fact is hedge funds for the past however many years have been abusive in terms they've asked for"

    May 29, 2009

    --Stuart Leaf, ceo of Cadogan Management, on why his firm is working to create a "think tank" of sorts for the hedge fund industry.

  • Alternatives Manager Search Directory

    May 29, 2009

  • Mandate Scoreboard

    May 29, 2009

  • Performance Snapshot: Global macro hedge funds

    May 29, 2009


 

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