Stories

  • Family Offices Eye Hedge Fund Talent

    June 19, 2009

    Family offices, both multi-family and single-family, are increasingly looking to hire hedge fund professionals to senior roles, particularly cio positions, said Greg Coules, senior consultant of New York-based executive search firm Hunter Advisors.

  • Former Lehman Controller Joins Startup

    June 19, 2009

    Avi Dreyfuss, former controller for all of Lehman Brothers’ alternative investment strategies, has joined nascent HG Vora Capital Management as its chief financial officer.

  • Triple A Seeks Japanese Partners

    June 18, 2009

    Triple A Partners is seeking to team up with Japanese brokerages to tap the pool of money in Asia, Bloomberg reports.

  • Cipio Raises £61M For PE Fund

    June 18, 2009

    European private equity firm, Cipio Partners, has held the first close of its sixth fund, Financial News reports.

  • Ariya To Raise $150M For Africa PE Fund

    June 18, 2009

    Ariya Capital is planning to raise $150 million for its fund focused on sustainable investments in Africa and other emerging markets, Private Equity News reports.

  • Laffitte To Revive Merger Arb Fund

    June 18, 2009

    Alternative asset manager, Laffitte Capital Management, is re-launching its merger arbitrage fund, Citywire reports.

  • UFG PE Names Senior Partner

    June 18, 2009

    Russia’s UFG Private Equity has appointed Robert Sasson as senior managing partner, AltAssets reports.

  • Liongate Sees $300M Net Inflows

    June 18, 2009

    Fund of hedge fund firm, Liongate Capital Management, has received net inflows of $300 million in the past six weeks, Reuters reports.

  • Two Traders Sue Madoff Sons

    June 18, 2009

    Mark Madoff and Andrew Madoff, sons of Bernard Madoff, have been sued by two traders, Daily News reports.

  • Morgan Stanley To Offer HF Option

    June 18, 2009

    Morgan Stanley will allow hedge fund clients to keep some of their holdings in a trust company owned by the bank, The Wall Street Journal reports.

  • PE Investor Eyes First Republic

    June 18, 2009

    Private equity investor Gerry Ford is negotiating the purchase of First Republic Bank from Bank of America, Financial Times reports.

  • Cantillon To Close Hedge Funds

    June 18, 2009

    Cantillon Capital Management is shutting its hedge fund business to focus on traditional investing, The Wall Street Journal reports.

  • Lawyer Sees A Silver Lining

    June 18, 2009

    Despite increased hedge fund regulation, other parts of the reform package may not be entirely negative for the industry, according to Jill Whitelaw of law firm Montgomery McCracken.

  • Many Strategies Bounced Back In May

    June 18, 2009

    The latest figures from index providers Edhec Business School and Lyxor Asset Management confirm that many hedge funds were able to benefit from upward moves in the equity markets and significant credit spreads in May.

  • F&C REIT Raises Opportunity Fund

    June 18, 2009

    London’s F&C REIT is looking to raise £300 million for an opportunistic fund to capitalize on the current dislocation in the U.K. commercial property market.

  • Ariel Converts Fund To Managed Accounts

    June 18, 2009

    Ariel Investments will convert its newly-minted Micro-Cap Value Strategy hedge fund into a separately-managed account program in order to attract more high-net-worth investors.

  • Ex-SAC Manager Readies Quant China Fund

    June 18, 2009

    John Liu, a former portfolio manager at SAC Capital Management, is setting up his own firm and will launch a quantitative multi-strategy equity hedge fund focused on Greater China, probably in October.

  • Calif. Firm To Add Commodities Exposure

    June 17, 2009

    Newbury Park, Calif.-based ETF Portfolio Management is poised to add exposure to emerging markets commodities in the next few months.

  • Artadis Bets Against Asia Market Stabilization

    June 17, 2009

    Traders at Artadis Fund Management are betting against government efforts to stabilize Asian markets and hoping the expected backfire will created foreign exchange and credit opportunities, The Wall Street Journal reports.

  • SIDBI VC To Raise $208M Fund

    June 17, 2009

    India’s SIDBI Venture Capital is seeking about $208.6 million for its third fund, VC Circle reports. It has named Harsh Kaul as its new chief executive.

  • Fortitude Plans Equity Income HF

    June 17, 2009

    Australian hedge fund manager, Fortitude Capital, is planning to launch an equity-income fund, Bloomberg reports.

  • Bain, PAI Bid For Safilo Stake

    June 17, 2009

    Bain Capital and PAI Partners have tendered bids for a 30% stake in Italy’s Safilo, The Wall Street Journal reports.

  • Man Group May Sell MF Global Stake

    June 17, 2009

    London hedge fund manager, Man Group, is planning to sell its MF Global stake, Reuters reports. It may sell the stake in the short to medium term.

  • JP Morgan PE To Raise $50M

    June 17, 2009

    JP Morgan Private Equity is seeking to raise $50 million through a share issue, The Wall Street Journal reports.

  • 3i Halts Pay, Drops Bonuses

    June 17, 2009

    3i Group has halted salaries and will not pay out bonuses to its top management, The Wall Street Journal reports.

  • CVC, KKR, TPG Eye AB InBev Assets

    June 17, 2009

    Private equity firms, CVC Capital Partners, KKR and TPG, are planning to buy Anheuser-Busch InBev’s operations, The Wall Street Journal reports.

  • SEC Permits Madoff To Settle Charges

    June 17, 2009

    The Securities and Exchange Commission has allowed Bernard Madoff to settle civil fraud charges without admitting to any wrong-doing, Financial Times reports.

  • Ares Unit To Run $1.37B In Loans

    June 17, 2009

    A unit of alternative asset manager, Ares Capital, has struck two deals to run about $1.37 billion of middle market loan assets.

  • Citi Eyes $500M Brazil PE Investments

    June 17, 2009

    Citigroup is planning to make private equity investments of about $500 million in Brazil, Bloomberg reports.

  • Investors Block Steel Partners’ Plan

    June 17, 2009

    A majority of investors in Warren Lichtenstein’s hedge fund, Steel Partners, have rejected his plan to make the fund public, New York Post reports.

  • Aquiline Capital Buys Swiss Re’s AM

    June 17, 2009

    New York private equity firm, Aquiline Capital Partners, has bought insurance industry asset manager and researcher, Conning & Company, for an undisclosed amount, The Wall Street Journal reports.

  • Ex-CFTC Chair To Join NYSE Euronext

    June 17, 2009

    Commodity Futures Trading Commission (CFTC) commissioner, Walter Lukken, has resigned, The Wall Street Journal reports.

  • Toronto Fund Bearish

    June 17, 2009

    Venator Capital Management is increasing its short exposure.

  • Single-Investor Funds Gaining Steam

    June 17, 2009

    Hedge fund managers are increasingly embracing single-investor funds as a way of satisfying investors' demands for managed accounts but without taking on the extra administrative and investment requirements that come with them.

  • Algebris Taps Deutsche Bank Analyst

    June 17, 2009

    Algebris Investments, the London long/short equity shop, has lined up Django Davidson as an associate partner to cover banking, insurance and property stocks in the U.K., India and China.

  • Harcourt Resurrects Distressed Launch

    June 17, 2009

    Harcourt Investment Consulting will debut its fund of hedge funds focused on distressed strategies on July 1, seven months later than originally planned.

  • Brevan Howard Scores Morgan Stanley Star Trader

    June 17, 2009

    Jorge Giampaoli, an executive director in single-stock equity derivatives trading at Morgan Stanley in London, is set to join London-based hedge fund manager Brevan Howard Asset Management next week as an equity volatility trader.

  • London Manager To Roll Out RMBS Fund

    June 17, 2009

    TwentyFour Asset Management plans to launch a fund in mid-July that will invest in highly-rated residential mortgage-backed securities.

  • SAIL Advisors To Run ING FoFs

    June 16, 2009

    Hong Kong-based fund of hedge funds manager, SAIL Advisors, will acquire three ING funds, Reuters reports.

  • Institutions Back HFs, PE

    June 16, 2009

    Institutional investors are backing alternative investments, such as hedge funds and private equity, according to a survey by Greenwich Associates, The Wall Street Journal reports.

  • Platinum Equity Buys Alcoa Unit

    June 16, 2009

    Private equity firm, Platinum Equity, has bought a unit of aluminum major, Alcoa, for an undisclosed amount, Reuters reports.

  • Quantum Unveils RE Vulture Fund

    June 16, 2009

    Seattle commercial property redeveloper, Quantum Equities, has floated a real estate opportunistic investment fund, Property Funds World reports.

  • Canadian Bank Gets $450M VC Boost

    June 16, 2009

    Canada will offer $450 million to the Business Development Bank of Canada (BDC) for its venture capital activities.

  • East Coast VC Firm Loses Partner

    June 16, 2009

    Softbank Capital’s general partner, Eric Hippeau, is exiting the venture capital firm, The Wall Street Journal reports.

  • Tallwood Venture Partner Retires

    June 16, 2009

    Tallwood Venture Capital’s general partner, Ron Yara, has retired from the firm, The Wall Street Journal reports.

  • Colombian PE Funds Eye Infrastructure

    June 16, 2009

    Around three private equity funds are looking to raise money from Colombian pension funds and wealthy families to buy stakes in infrastructure companies, The Wall Street Journal reports.

  • Hedge Fund Liquidations Drop 50% In Q109

    June 16, 2009

    Hedge fund liquidations dropped by 50% in the first quarter of 2009 from the record levels set in the quarter before, according to data from Hedge Fund Research (HFR).

  • Fund To Front Attorney Settlement Fees

    June 16, 2009

    RD Legal Capital, which manages a hedge fund focused on litigation financing, is seeking money from foundations, endowments and pensions as it hopes to raise assets to $200-400 million.

  • London Firm Sets Up LatAm Fund

    June 16, 2009

    Sagil Capital will launch a Latin America-focused hedge fund in July.

  • Argonaut Snags Ex-Sandelman RE Pro

    June 16, 2009

    David Gerstenhaber’s Argonaut Capital Management has recruited Joshua Bederman, a Sandelman Partners and JPMorgan veteran as a real estate strategist..

  • Kinetic Dismisses Ucits In Favour Of AIFs

    June 16, 2009

    David Butler, a founding member of Kinetic Advisory, says the two main decisions facing startup managers in London are the fund structure to choose for the launch—onshore, offshore or Ucits—and where to set up shop.

  • Dutch Firm Plots Second Commodity Fund

    June 16, 2009

    Amsterdam’s Energy Capital Management is planning to roll out a second version of its relative-value commodity strategy before the end of the year.

  • Prime Brokerage Firm Calls In Big Guys

    June 16, 2009

    Lighthouse Prime Services has begun working with a background check firm that which is run in part by former Central Intelligence Agency operatives.

  • Investors May Revert To Old Ways

    June 16, 2009

    Magnus Spence, a partner at Dalton Strategic Partnership, believes that as markets rally, there is a risk that hedge fund investors’ capacity to forget will become apparent and they will increasingly want exposure to higher-beta strategies.

  • TPG To Sell Shenzhen Stake For $1.68B

    June 15, 2009

    TPG will sell its majority stake in Shenzhen Development Bank (SDB) to Ping An Insurance, for $1.68 billion, The Wall Street Journal reports.

  • Integrity Taps UBS Portfolio Manager

    June 15, 2009

    Integrity Investment Management has appointed Glen Bertram as portfolio manager, Financial Standard reports.

  • Richmond Park Hires PE Duo

    June 15, 2009

    Richmond Park Partners has formed a team to offer strategic advice to European private equity funds, Financial News reports.

  • GLG Names Duo For £250M Funds

    June 15, 2009

    GLG Partners has named John White and Jason MacKay to manage five £250 million U.K. funds, Pensions & Investments reports.

  • 3i Gets 97% Take-Up For Rights Issue

    June 15, 2009

    Roughly 97% of the shareholders of private equity firm 3i have subscribed to its £732 million issue, Financial Times reports.

  • BC, Electra To Put €100M In Baxi Merger

    June 15, 2009

    BC Partners and Electra Partners are planning to put in €100 million in the new entity to be formed by the merger of boiler makers Baxi and De Dietrich Remeha, Financial Times reports.

  • KKR Invests in Chinese Agriculture Company

    June 15, 2009

    Kohlberg Kravis Roberts has completed a series of investments in one of China’s largest dairy farming companies, Ma Anshan Modern Farming Co., Reuters reports.

  • Sequoia Unveils Distressed RE Platform

    June 15, 2009

    Sequoia Equities has started a distressed real estate platform called Sequoia Debt Ventures.

  • Citadel Unveils New Fee Structure Fund

    June 15, 2009

    Citadel Investment Group is starting a fund that will earn performance fees even after it loses money, Financial News reports.

  • D E Shaw Raises Fund Withdrawal Amount

    June 15, 2009

    D E Shaw & Company will permit investors to withdraw more money from two of its funds than previously allowed, Bloomberg reports.

  • Castor To Acquire Part Of Madoff Firm

    June 15, 2009

    The Financial Industry Regulatory Authority has permitted broker dealer Castor Pollux Securities to acquire Bernard Madoff’s securities-trading operations, The Wall Street Journal reports.

  • SAC Vet Tapiero To Staff Up

    June 15, 2009

  • Sonterra Eyes Utilities

    June 15, 2009

    Tye Schlegelmilch, founder of Sonterra Capital, is adding exposure to utilities in its Sonterra Capital Fund, a primarily long/short equity strategy with some bond exposure.

  • Reyl Looks To Beef Up FoF Team

    June 15, 2009

    Reyl Asset Management, the fund management arm of Swiss bank Reyl & CIE, wants to add three staffers to the 14-strong asset management team, as it builds up its funds of funds capabilities.

  • Griffin Seeks Replacement Sales Head

    June 15, 2009

    London’s Griffin Capital Management is on the lookout for a new head of sales, following the departure of Jens Müller after just four months with the firm.

  • Reish & Reicher Enters Hedge Fund Practice

    June 12, 2009

    Reish & Reicher has entered the hedge fund arena by creating a new financial services practice group.

  • Kiwi Hedgies Boast 20% Returns In 2008

    June 12, 2009

    Hedge funds in New Zealand boasted higher returns than most popular firms, with a 2008 return of 20.4%, according to an index of eight funds managed by New Zealand Absolute Return Association, Bloomberg reports.

  • Permira, Bain Eye Japan Telemarketer

    June 12, 2009

    Private equity firms, Permira and Bain Capital, have bid for Japan’s Bellsystem24, Reuters reports.

  • Keydata Income VCTs Hire Foresight

    June 12, 2009

    Two Keydata Income venture capital trusts (VCTs) have appointed Foresight Group as investment manager and administrator, Investment Week reports.

  • RWC Seeks HF Distributor Status

    June 12, 2009

    RWC Investors is seeking to get distributor status for a European hedge fund, Citywire reports.

  • Impax Hires PE Fund Manager

    June 12, 2009

    Impax Asset Management has hired Daniel Preyss as managing director of private equity, Private Equity Wire reports.

  • Investec Taps Special Situations Co-Manager

    June 12, 2009

    Investec Asset Management has appointed Mark Wynne-Jones as portfolio co-manager of its £14 million Global Special Situations fund, Financial Times reports.

  • Nixon To Rename VCTs

    June 12, 2009

    Bill Nixon, ex-head of investment at Aberdeen Asset Managers Private Equity, is planning to rename its venture capital trusts (VCT), Financial Times reports.

  • Permira Chairman To Step Down

    June 12, 2009

    Private equity firm, Permira’s Chairman, Damon Buffini, is planning to step down from the post, Financial Times reports.

  • Paulson Goes Long On Distressed Debt

    June 12, 2009

    Hedge fund Paulson & Co. is buying up distressed debt and mortgage-backed securities, Bloomberg reports.

  • Harewood Starts U.S. Income Fund

    June 12, 2009

    Structured investments firm, Harewood Solutions, is starting a closed-ended U.S. Enhanced Income fund, Investment Week reports.

  • Venus Capital Appoints CRO

    June 12, 2009

    Venus Capital Management has named Jeffrey Heisler as chief risk officer, HedgeWeek reports.

  • Two Harbors, Capitol To Merge

    June 12, 2009

    Real estate investment trust Two Harbors Investment will buy special purpose acquisition company, Capitol Acquisition, for an undisclosed amount.

  • Tokyo Firm Sees Opp. Despite Swine Flu

    June 12, 2009

    Despite a variety of concerns in global markets—it cited the swine flu, North Korea’s nuclear testing and the debt-restructuring complications at General Motors—Tokyo-based Moon Light Capital believes that investors are being drawn back to the markets, particularly stocks related to raw materials and emerging economies.

  • AIN Data Commentary, June 12, 2009

    June 12, 2009

    We have a couple more early May returns this week, and as a whole they look even better than they did last week.

  • Tellurian Moves Towards Directional Plays

    June 12, 2009

    Tellurian Capital is beginning to position its Tellurian Commodity Fund with a long-bias.

  • One Year Ago In Alternative Investment News

    June 12, 2009

    Hedge funds returned to the equity derivatives market after laying low for months...

  • "The transformation of good to great is much more a product of patience, and long-term, quiet work, not a flash in the sizzle pan"

    June 12, 2009

    --Bob Mancuso, ceo of The Dellacorte Group, on how private equity firms need to focus on building businesses rather than trading .

  • Alternatives Manager Search Directory

    June 12, 2009

  • Mandate Scoreboard

    June 12, 2009

  • Performance Snapshot: Long/short equity hedge funds

    June 12, 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?

 - 17%
 - 83%

View previous results