Stories

  • Fraser Sullivan Launches Managed Account Push

    June 12, 2009

    Credit investment firm WCAS Fraser Sullivan Investment Management is preparing to make a full-fledged leap into running separately-managed accounts.

  • Residential Specialist Steps Into Commercial

    June 12, 2009

    Managing Partners Limited, a London-based alternative investment manager, is making its first commercial real estate investments via its British Property Opportunities Fund.

  • Investcorp Eyes MENA Luxury Market

    June 11, 2009

    Bahrain’s Investcorp is planning to acquire stakes in Middle Eastern luxury goods companies, Reuters reports.

  • ICICI Venture Sells Unit To Pfizer

    June 11, 2009

    ICICI Venture Funds Management has sold Vetnex Animal Health to Pfizer Animal Health, The Wall Street Journal reports.

  • PAI To Lose Control Of Monier

    June 11, 2009

    French private equity firm PAI Partners is losing its battle for control of roofing products maker Monier, Financial Times reports.

  • Aberdeen PE Execs Lead MBO

    June 11, 2009

    Aberdeen Asset Management’s senior executives have led a management buyout (MBO) to form independent private equity business Maven Capital Partners, Fund Strategy reports.

  • Deutsche Unveils Two HFs

    June 11, 2009

    Deutsche Bank has floated two new hedge funds, HedgeWeek reports.

  • GAM Starts FoF Leveraged Class

    June 11, 2009

    GAM has unveiled the GAM Trading II - GBP 1.25XL, a leveraged class of its Trading II fund, Hedge Week reports.

  • Highbridge To Lose Co-Founder By Year’s End

    June 11, 2009

    Highbridge Capital Management Co-Founder Henry Swieca plans to leave the $21 billion hedge fund firm by year’s end, Bloomberg reports.

  • Renaissance Founder Delays Retirement

    June 11, 2009

    Renaissance Technologies founder, James Simons, has postponed his retirement plans, The Wall Street Journal reports.

  • Oaktree Starts $6B Distressed Debt Fund

    June 11, 2009

    Oaktree Capital Management has launched a distressed debt fund, The Wall Street Journal reports.

  • Madoff Investors Sue Kingate

    June 11, 2009

    Investors in two feeder funds have sued Kingate Management and its directors regarding their investment in the defunct Bernard Madoff firm, The Wall Street Journal reports.

  • Frisco HF Firm Suspends Manager

    June 11, 2009

    San Francisco-based hedge fund firm Passport Capital has suspended a portfolio manager, Business Standard reports.

  • D E Shaw Cuts 25 Jobs

    June 11, 2009

    D E Shaw & Company has axed about 25 jobs, Reuters reports.

  • N.C. Gets Thumbs Up On Real Assets, Opportunistic Credit

    June 11, 2009

    The $56 billion North Carolina Retirement System has been given the go-ahead to invest in timberland, below-investment-grade securities, commodities, inflation-linked bonds and convertible debt.

  • London FoF Delivers Without Investors

    June 11, 2009

    Moonraker Fund Management, a London fund of funds startup that launched two funds in June 2008, has seen strong outperformance in its first year but is struggling to raise any additional assets.

  • UBS To Expand SRI Research

    June 11, 2009

    UBS Alternative Research is planning to form strategic alliances with research providers focused on socially-responsible investing.

  • Private Equity: Need To Get Back To Basics

    June 10, 2009

    Private equity firms have become more focused on trading than actually building businesses, says Bob Mancuso, managing partner and ceo of The Dellacorte Group, who believes they need to get back to the basics of rebuilding companies in order to be successful again.

  • New Firm Sets Up L/S Credit Fund

    June 10, 2009

    Newly-formed Seven Locks Capital Management has launched the Seven Locks Fund, a long/short value equity strategy. It will also invest in credit, according to a cap-intro document.

  • Chicago Firm Buys Healthcare, Utilities, Tech

    June 10, 2009

    Chicago-based exchange-traded fund firm Advocate Asset Management believes the economy will see stagnant growth over the next several years, and it has reacted by focusing its Advocate Partners fund on relatively defensive sectors, such as domestic investments in healthcare and utilities, and in the growth area of technology.

  • China PE Fund Taps Ex-Goldman Banker

    June 10, 2009

    Chinese private equity firm, Trust Bridge, has appointed Zhang Yi as a fund manager, Reuters reports.

  • Bain, FountainVest Eye Citi’s China Co

    June 10, 2009

    Bain Capital and FountainVest Partners have offered to acquire a Chinese medical device maker backed by Citigroup, Reuters reports.

  • Rhenman To Start L/S Healthcare Fund

    June 10, 2009

    Rhenman & Partners Asset Management is starting a global healthcare fund, which will focus on pharmaceuticals, medical technology, biotechnology and healthcare services, Alternative Asset Adviser reports.

  • Artemis To Merge Funds

    June 10, 2009

    Artemis is seeking to combine its New Enterprises fund with its U.K. Special Situations vehicle, Investment Week reports.

  • GoldenTree Makes Euro Hire

    June 10, 2009

    Hedge fund firm GoldenTree Asset Management has appointed Jan Kaass as marketing director.

  • Apollo To Buy Out U.K.’s BPP

    June 10, 2009

    Apollo Global, a joint venture between Carlyle and Apollo Group, will acquire U.K. listed education company BPP for £303.5 million, Financial Times reports.

  • Horlick Surfaces As Bramdean Bidder

    June 10, 2009

    Fund manager Nicola Horlick’s Petersfield Asset Management had placed a takeover bid for hedge fund firm, Bramdean Alternatives, Financial Times reports.

  • Charterhouse Eyes Wood Mackenzie Bid

    June 10, 2009

    Private equity group, Charterhouse Capital, is in talks to buy energy research and consultancy group, Wood Mackenzie, for £550 million, Financial Times reports.

  • Bridgescale To Expand In Canada

    June 10, 2009

    Private equity firm Bridgescale Partners is planning to set up an office in Toronto, Bloomberg reports.

  • Citadel, E*Trade In Deal Talks

    June 10, 2009

    E*Trade Financial is in discussions with its largest shareholder and hedge fund firm, Citadel Investment, to strengthen its financial position, The Wall Street Journal reports.

  • Pershing HFs Outperform Indexes

    June 10, 2009

    Pershing Square Capital Management’s funds have beaten the major market indexes in the first quarter, The Wall Street Journal reports.

  • Quiksilver, PE Firm In $150M Loan Deal

    June 10, 2009

    Quiksilver has secured a $150 million loan from international private equity firm, Rhone, Reuters reports.

  • Prisma Eyes Mortgage, Converts Managers

    June 10, 2009

    New York-based Prisma Capital Partners is looking to add managers focusing on statistical-arbitrage/high-frequency trading, re-insurance funds, residential mortgage-focused specialists and convertible-arbitrage strategies to its flagship fund of funds in the coming months.

  • Toronto Incubator Builds Up Steam

    June 10, 2009

    Accelerator Capital Management, a joint venture set up last year by Canadian firms Arrow Hedge Partners and Marret Asset Management, looks set to sign incubation deals with two new hedge funds after lying low during the worst months of the financial crisis.

  • Oxburgh Execs Set Up Shop

    June 10, 2009

    Darren Swayne and Alex Torrance, both previously of Oxburgh Partners, have formed Saxlingham Asset Management and launched the Saxlingham Europe Fund on June 1.

  • Asia Specialist Readies Ucits Fund

    June 10, 2009

    At the end of the month London’s Prodigy Capital will launch a Ucits-compliant version of its $30 million Asia and Emerging Markets Fund with a target size of £40 million.

  • Creststreet Making Carbon Emission Plays

    June 10, 2009

    Creststreet Asset Management’s Creststreet Alternative Energy Fund is reacting to pending legislation that will require companies to possess carbon emissions permits by adjusting its portfolio to invest in firms that are set to profit if the bill passes.

  • Aussie Giant To Seek International Distribution

    June 10, 2009

    Brisbane’s QIC, with $46 billion under management, is looking to expand its distribution outside of Australia and will make a push for international institutional money with its Global Fixed Interest (GFI) Alpha Fund via a new, Dublin-domiciled U.S. dollar share class that has just launched.

  • Swiss Firm Preps Eco Launches

    June 10, 2009

    Zürich hedge fund boutique Da Vinci Invest is preparing to launch two environmental funds, one of which will be Shariah-compliant.

  • Northern Lights Lines Up Next Investment

    June 09, 2009

    Tacoma, Wash-based Northern Lights Ventures is preparing to make its second investment of the year, this time in a non-U.S. alternatives firm, via its private equity fund.

  • TPG To Sell China’s SDB Stake

    June 09, 2009

    Private equity firm, TPG, is likely to sell part of its $1.5 billion majority stake in China’s Shenzhen Development Bank, The Wall Street Journal reports.

  • Warburg Exits Huiyuan Investment

    June 09, 2009

    Private equity firm, Warburg Pincus, has pulled out of its investment from China Huiyuan Juice, Financial Times reports.

  • Lloyds’ PE Arm Adds To Legal Team

    June 09, 2009

    LDC has added John-Paul Preston to its legal and risk team, Private Equity Wire reports.

  • Guinness HF Launches $100M Fund

    June 09, 2009

    Hedge fund firm, 47 Degrees North, has launched a $100 million alternatives fund, Reuters reports.

  • Rothschild Pulls Out Assets From HF

    June 09, 2009

    RIT Capital, an investment house of Lord Rothschild, has withdrawn its assets from Atticus, Financial News reports.

  • Neuberger PE Arm To List On LSE

    June 09, 2009

    Neuberger Berman Private Equity Partners (NBPE) is planning to list its shares on the Specialist Fund Market of the London Stock Exchange, Financial Times reports.

  • Investcorp Buys U.S. Backed Debt

    June 09, 2009

    Alternative asset manager, Investcorp, is investing in a series of individual loans and senior debt, backed by U.S. commercial property, Financial Times reports.

  • Frisco PE Firm Buys Church’s Chicken

    June 09, 2009

    Private equity firm, Friedman Fleischer & Lowe, is buying restaurant operator Church’s Chicken from Bahrain investment bank, Arcapita, for $300 million, Reuters reports.

  • THL Plans $300M Blind Pool IPO

    June 09, 2009

    Private equity firm, Thomas H Lee Partners, is planning to raise $300 million in a blind pool IPO, Reuters reports.

  • Golden Gate To Buy Talbots Brand

    June 09, 2009

    Private equity firm, Golden Gate Capital, will buy almost the entire J Jill brand, a unit of Talbots, The Wall Street Journal reports.

  • KKR Pumps $350M In Gas Explorer

    June 09, 2009

    KKR has invested about $350 million in an independent exploration and development company, East Resources, The Wall Street Journal reports.

  • Monaco Launch Delayed For Big Investor

    June 09, 2009

    KPR Capital has delayed the launch of a real estate fund focused on Monaco (totalalternatives.com, March 17) while it sets up a new share class to accommodate a large potential investor.

  • Aster-X Cuts Exposure

    June 09, 2009

    Aster-X Capital Management has cut the net exposure of its two European long/short equity funds because the firm believes that the recent rally has made the market too expensive.

  • Pharma Fund Charts Takeover Stocks

    June 09, 2009

    Michael Krensavage, founder of Krensavage Asset Management, anticipates an upcoming wave of mergers in the pharma sector in which his Krensavage Partners fund focuses.

  • NJ Fund Looks To Bounce Back

    June 09, 2009

    Hoboken, N.J.-based Barnegat Fund Management has reopened its Barnegat Fund, a government bond arbitrage strategy, to new investors for the first time since its inception in 2003.

  • Aberdeen Asia FoF Raises $200M

    June 08, 2009

    Aberdeen Property Investors has raised $200 million for its second Asia-focused fund-of funds, VC Circle reports.

  • Bain To Invest $439M In China’s GOME

    June 08, 2009

    U.S. private equity firm, Bain Capital, will invest $439 million in China’s GOME Electrical Appliances Holdings, The Wall Street Journal reports.

  • Barclays To Expand Prime Brokerage

    June 08, 2009

    Barclays Capital is seeking to expand its global prime brokerage business, to capitalize on hedge funds diversifying their prime-broking relationships, Financial News reports.

  • Dexia Unveils Index Arb Fund In Italy

    June 08, 2009

    Dexia Asset Management has started a new fund in Italy, Citywire reports. The French-domiciled Dexia Index Arbitrage fund is UCITS III-compliant with low volatility and daily liquidity.

  • GLG Names U.K. Equity Managers

    June 08, 2009

    GLG Partners has named new managers for five U.K. equity funds it obtained as part of its acquisition of Société Générale Asset Management U.K. (SGAM UK), Financial Times reports.

  • Cerberus Loses Two Euro Partners

    June 08, 2009

    Two of Cerberus Capital Management’s senior partners in Europe have exited the firm, The Wall Street Journal reports.

  • May Best Hedge Fund Performance Since 2000

    June 08, 2009

    Consultant and adviser to hedge fund investors Hennessee Group announced that the Hennessee Hedge Fund Index gained 5.68% in May (11.40% YTD), trumping the S&P 500, the Dow Jones Industrial Average performance, and the NASDAQ Composite Index advanced gain of 3.32% (+12.52% YTD).

  • House Shelves Conn. Hedge Fund Bill

    June 08, 2009

    A Connecticut bill seeking to enforce transparency regulations on hedge funds was not brought to a vote at the state House of Representatives, The Wall Street Journal reports.

  • Paulson Takes $165M Hit On Barclays Bet

    June 08, 2009

    Paulson & Company has suffered a loss of $165 million after it closed its short position on Barclays, Financial Times reports.

  • Starwood Unit Plans $500M IPO

    June 08, 2009

    Starwood Properties will raise around $500 million via an initial public offering (IPO), Reuters reports.

  • Goodman To Alter Fund Fee Structure

    June 08, 2009

    Toronto’s Goodman & Company, Investment Counsel will add high-water marks to two hedge funds, effective on or before June 30, Investment Executive reports.

  • Dutch HF Index May Be Made Investable

    June 08, 2009

    Finles Capital Management is considering making its index of Dutch hedge funds investable via bank-issued structured products.

  • LNG Focuses On Credit Fundamentals

    June 08, 2009

    Alex Vaskevitch, portfolio manager of the Zenith High Yield Bond Fund, believes that the selection of individual credits is going to be the most important factor going forward, now that systemic risk is out of the window.

  • LGT To Up Structured Credit Exposure

    June 08, 2009

    LGT Capital Partners of Pfäffikon, Switzerland, plans to add exposure to distressed structured credit in Castle Alternative Invest, its $550 million listed fund of hedge funds, by cutting back on its 17% cash holdings.

  • Dutch Incubator Kicks Off With Sustainable Hedge Fund

    June 08, 2009

    IMQubator, the Dutch platform set up last year by working group Holland Financial Centre with a E250 million seeding from APG, has invested in its first manager.

  • Japanese Firm Starts $500M HF

    June 05, 2009

    Tokyo’s Epic Investments has floated its second hedge fund, Asian Investor reports.

  • Nordic Firm To Roll Out HF Globally

    June 05, 2009

    Nordic firm Alfred Berg plans to register its Luxembourg-based Global Alpha fund in the Netherlands, France, U.K., Germany and select countries outside Europe, Citywire reports.

  • LODH Closes €512M PE Fund

    June 05, 2009

    Swiss private bank, Lombard Odier Darier Hentsch (LODH), has closed a €512 million private equity fund, Financial News reports.

  • Italian PE Fund To Buy 30% Of Cavalli

    June 05, 2009

    Designer Roberto Cavalli is selling a minority stake in his fashion house to an Italian private equity fund, The Wall Street Journal reports.

  • GLG Names Tech Fund Managers

    June 05, 2009

    GLG Partners has appointed Phil Pearson and Anthony Burton as the new managers of its Technology Equity fund, Financial Times reports.

  • EVCA Nominates Apax Partner For Chair

    June 05, 2009

    The European Private Equity and Venture Capital Association (EVCA) has proposed to appoint Richard Wilson as its Chairman, Financial News reports.

  • Hedge Funds Rebound In May

    June 05, 2009

    Hedge funds posted the strongest gains almost 10 years, in May, with the HFRI Fund Weighted Composite Index gaining upwards of 5.2%, according to data released by Hedge Fund Research.

  • Icahn Partners Fund Gains In May

    June 05, 2009

    Carl Icahn’s Icahn Partners fund gained 7.3% in May while he waged a proxy battle with Biogen and Amylin Pharmaceuticals, Bloomberg reports.

  • Italian Firm Plans U.S. REIT

    June 05, 2009

    Italy’s Sorgente Group is planning to start a real estate investment trust (REIT) in the U.S., Bloomberg reports.

  • Riverside Raises $1.17B PE Fund

    June 05, 2009

    Private equity firm The Riverside Company has raised $1.17 billion for its Riverside Capital Appreciation Fund V.

  • Charles River Rehires General Counsel

    June 05, 2009

    Charles River Ventures has reappointed Sarah Reed as general counsel.

  • Och-Ziff To Seed Own HFs

    June 05, 2009

    Och-Ziff Capital Management is planning to invest its own money into its new hedge funds, Reuters reports.

  • Ramius, Cowen Ink $195M Deal

    June 05, 2009

    Hedge fund firm, Ramius, and investment bank, Cowen Group, have inked a $195 million deal to form an integrated financial services firm, The Wall Street Journal reports.

  • AIN Data Commentary, June 5, 2009

    June 05, 2009

    If the earliest May returns are any indication, hedge funds’ hot streak continues.

  • CDS On BT Tightens

    June 05, 2009

    Hedge funds have been selling five-year credit default swaps on BT Group early this morning, following reports yesterday the group is to raise €500–600 million ($709-851 million) via a five-year bond.

  • U.K. Managers Eye Options On Financial ETFs

    June 05, 2009

    London fund managers K2 Capital and VCM Fund Management, who together oversee the VCM K2 Discretionary Macro Segregated Portfolio fund, are in the process of adding a series of calls on financial names, using options to play the performance of U.S. banks against Eurozone banks.

  • One Year Ago In Alternative Investment News

    June 04, 2009

    State Street Corporation sued James Kelly, former president of Moore Capital, and his hedge fund administration firm, HedgeServ, for violating a non-compete agreement...

  • "Clients should appreciate that. Some will want the glitz and glamour, but most will be pleased we're not wasting their money."

    June 04, 2009

    --Vicente Zaragoza, founder of Pentium Fund, explains why he will be shunning a plush office when his firm relocates to Monaco.

  • Alternatives Manager Search Directory

    June 04, 2009

  • Mandate Scoreboard

    June 04, 2009

  • Performance Snapshot: Funds of hedge funds

    June 04, 2009


 

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