Stories

  • Taurus Equity HF To Raise $500M

    June 25, 2009

    Sydney’s Taurus Funds Management is planning to raise $500 million for a basic-materials equity hedge fund, Bloomberg reports.

  • Asian HF Plans U.S. Market Exit

    June 25, 2009

    Asian hedge fund manager Sparx Group is planning to shut its operations in the U.S., Bloomberg reports.

  • Investec Hires Credit HF Manager

    June 25, 2009

    Investec Asset Management has appointed Jeff Burch to co-head its fixed income team and manage a global long/short fund, Fund Strategy reports.

  • TCI May Cut Fee, Ease Withdrawal Limit

    June 25, 2009

    The Children’s Investment Fund Management (TCI) is considering cutting fees and easing withdrawal limits to retain clients, The Wall Street Journal reports.

  • KKR, KPE Merger To Retain Euro Listing

    June 25, 2009

    KKR is planning to merge its operations with its KKR Private Equity Investors (KPE), and retain its Amsterdam listing, Financial Times reports.

  • AQR To Launch HF-Style Mutual Fund

    June 25, 2009

    AQR Capital Management, on of the world’s largest hedge fund managers, is planning to launch another hedge fund-style mutual fund, Reuters reports.

  • Legacy, Apollo End Buyout Talks

    June 25, 2009

    Independent directors of Legacy Reserves have decided to terminate buyout talks with Apollo Management, The Wall Street Journal reports.

  • CFTC Chair Urges HF Control

    June 25, 2009

    Gary Gensler, chairman of the Commodity Futures Trading Commission, has supported the U.S. government’s plan to extend oversight of hedge funds, Financial Times reports.

  • IRS Probes Offshore HFs, PE Funds

    June 25, 2009

    The Internal Revenue Service has asked hedge fund and private equity investors to disclose the billions of dollars invested offshore, for tax advantages, The Wall Street Journal reports.

  • JPMorgan Selects Arden For $1.1B HF Investments

    June 25, 2009

    JPMorgan Chase & Co. has chosen Arden Asset Management to oversee $1.1 billion in hedge fund investments the bank made with its own money, a person familiar with the agreement told Bloomberg.

  • Emerging Manager of the Year: Reech Alternative Investment Management

    June 25, 2009

    Christophe Reech’s London shop spent last year expanding and diversifying its range of offerings, at a time when many managers were cutting back.

  • Healthcare Fund Likes ‘Orphan Drugs’

    June 25, 2009

    For its long book global healthcare firm Arcoda Capital Management is sticking to companies it believes will not be affected no matter what healthcare reform the U.S. Congress decides upon later this year—those which produce “orphan” drugs, or drugs developed specifically to treat a rare medical condition.

  • Pentium Plots Luxury Goods Fund

    June 25, 2009

    Pentium Fund, the Swiss alternatives shop run by Vicente Zaragoza, is planning to launch a fund focused on the direct financing of luxury goods, possibly by the end of the year.

  • Hedgies To Pitch Up For Charity Cricket Match

    June 25, 2009

    Aramid Capital Partners is hosting a charity cricket match on Monday, at the Honourable Artillery Company in London.

  • Meadowbrook Looks Overseas For New Capital

    June 25, 2009

    Meadowbrook Capital Management is changing tack in marketing its Meadowbrook Beta Neutral Fund.

  • Blacksquare Readies Unique Ucits FoF

    June 25, 2009

    London’s Blacksquare Capital is planning to launch a fund of Ucits-compliant absolute return funds in September which CEO Christopher Peel believes that will be the first of its kind.

  • Russell-Jadwa To Launch Shariah Indexes

    June 24, 2009

    Russell Investments (Russell) and Jadwa Investment (Jadwa) have inked an agreement to launch a new Shariah compliant offering, the Russell-Jadwa Shariah Index group.

  • Prodigal To Launch Relative Value HF

    June 24, 2009

    Australian hedge fund firm Prodigal is launching a new fund, which will look to gain from trading pricing gaps between Asian shares, Bloomberg reports.

  • VinaCapital Mulls $350M PERE Fund

    June 24, 2009

    Vietnamese asset manager, VinaCapital, is aiming to raise $350 million in a real estate private equity fund in September, Reuters reports.

  • Keydata MD Exits VCTs’ Boards

    June 24, 2009

    Stewart Ford, managing director of Keydata Investment Services, has stepped down from the boards of four Keydata venture capital trusts (VCTs), Financial Times reports.

  • SEB Fund Unit To Launch Credit HF

    June 24, 2009

    The fund management unit of SEB is looking to start a global credit hedge fund, Reuters reports.

  • Sweden Supports U.K. On HF Rules

    June 24, 2009

    The U.K. treasury is open to suggestions from Sweden about the newly drafted European Union rules on hedge fund regulation, The Wall Street Journal reports.

  • EC Alternatives Draft Widely Criticized

    June 24, 2009

    The Alternative Investment Management Association (AIMA) encouraged remarks from Jacques de Larosière, Lord Turner, Lord Myners and Sir James Sassoon on the European Commission’s draft directive on alternative investment fund managers.

  • Madison Dearborn Co-Founder Exits

    June 24, 2009

    David Mosher, co-founder of Chicago-based private equity firm Madison Dearborn Partners, has retired, Chicago Tribune reports.

  • Carrington Plans Mortgage HFs

    June 24, 2009

    Mortgage credit market pioneer Carrington Capital Management is launching several new funds that aim to profit from a recovery in the real estate markets, Reuters reports.

  • Van Eck Plans HF-Styled Fund

    June 24, 2009

    Van Eck Global is planning to float a new mutual fund, which invests in hedge funds, The Wall Street Journal reports.

  • Mellon Capital Plans Multi-Strat HF

    June 24, 2009

    Mellon Capital Management is planning to roll out a hedge fund in August, Reuters reports.

  • Structured Credit Startup Launches First Fund

    June 24, 2009

    New York-based 400 Capital Management has launched the 400 Capital Credit Opportunities Fund which will target high-net-worth investors. It plans to launch a second fund for institutional investors in Q3.

  • Toronto Firm Relying On Cash, Commodities

    June 24, 2009

    T.I.P. Wealth Manager, a C$60 million Toronto firm focused on North American equities, has adopted a ‘barbell’ approach by emphasizing cyclical stocks in the energy, materials and technology sectors while keeping a large proportion of its remaining assets in cash.

  • Altis Plans Asian Foothold

    June 24, 2009

    Altis Partners, the $1.3 billion Jersey CTA firm, is planning to open an office in either Hong Kong or, more likely, Singapore by the end of the year.

  • OPVS Readies Two New Funds

    June 24, 2009

    Newly-formed OPVS Group in Singapore is zeroing in on a private debt fund and a long/short public credit strategy.

  • Newedge Hires Equity Derivatives Staffer

    June 24, 2009

    Alessandro Dal Cin, formerly a director in equity derivative sales to hedge funds in London for Citigroup, has joined Newedge’s equity derivatives broking team.

  • Institutional Manager of the Year: Lyxor Asset Management

    June 24, 2009

    Lyxor’s innovative use of managed accounts and its active approach to managing counterparty risk really stood out—particularly in a year marked by illiquidity and calls from investors for greater transparency.

  • Corporate Fund Investor of the Year: Promark Global Advisors

    June 24, 2009

    Setting up new businesses was the last thing on most corporate pension plans’ minds last year. But Promark set up a strategic advisory business in late 2008, and signed on its first client, a large pension plan, early this year.

  • Fund of Hedge Funds Leader of the Year: Liongate Capital Management

    June 24, 2009

    Randall Dillard and Jeff Holland’s $2.3 billion London shop is at the vanguard of the industry’s calls for transparency and recently began asking the underlying managers across its funds to give the firm the breakdown of their entire portfolios at the individual position level in order to be able to properly model its correlations and overall exposures.

  • Hedge Fund Consultant of the Year: Jim Vos, Aksia

    June 24, 2009

    Since Jim Vos, former head of Credit Suisse’s fund of funds unit, launched Aksia nearly three years ago, it has grown its client base to 18 from four, including heavyweights such as the New York State Common Retirement Fund, the Philadelphia Public Employees Retirement System and the School Employees Retirement System of Ohio.

  • Hedge Fund Leader of The Year: Brevan Howard Asset Management

    June 24, 2009

    Alan Howard’s London firm bucked the trend followed by other hedge fund powerhouses last year, delivering impressive performance and growing assets under management—all while resisting the temptation to impose gates when investors’ faith in hedge funds was tested.

  • Nonprofit Investor of the Year: University of Florida Investment Corporation

    June 24, 2009

    The University of Florida Investment Corporation (UFICO) last June launched a separately-managed account platform, which includes mature and emerging managers.

  • Public Fund Investor of the Year: Utah Retirement Systems

    June 24, 2009

    Despite widespread grumblings amongst big institutional investors that hedge fund managers continued to call the shots even as their performance tanked, it was a lone pension fund in Utah that stood up and challenged an industry worth over $1 trillion.

  • Commodity Shop To Grow Headcount

    June 24, 2009

    Energy Capital Management in Amsterdam is planning to make at least two new hires for its five-strong team in the coming months, as it prepares to roll out its second fund.

  • Bahrain Central Bank Probes Global’s HFs

    June 22, 2009

    The Central Bank of Bahrain is examining the transactions between Kuwait’s Global Investment House and the funds it managed, Financial Times reports.

  • SBI, Oman Firms Plan PE Fund

    June 22, 2009

    The State Bank of India (SBI) is negotiating with sovereign firms in Oman to launch a general private equity fund, Reuters reports.

  • Calamander Plans Sri Lankan PE Fund

    June 22, 2009

    Calamander will launch the first Sri Lanka-focused private equity fund, Bloomberg reports.

  • Henderson To Market Credit Alpha Fund

    June 22, 2009

    Henderson New Star is planning to market its £211 million Henderson Credit Alpha fund to retail investors, Financial Times reports.

  • Bloxham Plans Absolute Return Fund

    June 22, 2009

    Bloxham is planning to start an absolute return fund in the Irish market within a few months and in the U.K. retail space by the beginning of 2009, Financial Times reports.

  • RAB Flagship Drops Unlisted Equities

    June 22, 2009

    RAB Capital’s flagship hedge fund is turning away from unlisted equities, The Wall Street Journal reports.

  • Candover To Sell WoodMac For £553M

    June 22, 2009

    A unit of private equity firm Candover Investments will sell its Wood Mackenzie unit, for £553 million, The Wall Street Journal reports.

  • NEPC Expands Alternatives Unit

    June 22, 2009

    NEPC has hired Eric Harnish as a senior consultant in the alternative investments research group, focusing on private equity.

  • Steel Partners HF To Go Public

    June 22, 2009

    Activist investor Warren Lichtenstein will convert hedge fund Steel Partners II into a listed investment company.

  • Fidelity To Shutter PE Unit

    June 22, 2009

    Fidelity Investments will close its small private equity unit by July, Reuters reports.

  • Lupoff Launches Distressed HF

    June 22, 2009

    Former Millennium Management manager Peter Lupoff is launching a hedge fund firm called Tiburon Capital Management, Bloomberg reports.

  • Griffin Seeks Swiss Registration

    June 22, 2009

    Griffin Capital Management, the London and Gibraltar firm focused on European long-only and long/short equity strategies, is registering its funds in Switzerland in an attempt to boost its prominence with investors there.

  • Japanese Fund Seeks Seed Partner

    June 22, 2009

    Tokyo-based Myojo Asset Management is looking for a seeding firm to invest $50 million in its recently launched Myojo Super Cycle Long/Short Fund.

  • Big Apple Shop Converts HF To Mutual Fund

    June 22, 2009

    Bull Path Capital Management is about to convert one of its long/short hedge funds into a long/short equity mutual fund.

  • San Fran Firm Launches Hybrid Fund of Funds

    June 22, 2009

    CogoWolf Asset Management has launched a hybrid fund of funds which will invest in managed futures, exchange traded funds and specialized debt.

  • Ex-ICICI Venture Head Launches PE Fund

    June 19, 2009

    Renuka Ramnath, who has recently stepped down as CEO of Indian private equity fund, ICICI Venture, is starting a fund with an ex-colleague, VC Circle reports.

  • CIC To Invest $500M In Blackstone HF

    June 19, 2009

    China Investment Corporation (CIC) is ready to invest $500 million in Blackstone’s hedge fund unit, The Wall Street Journal reports.

  • Bullman Starts Multi-Strategy Fund

    June 19, 2009

    Bullman Investment Management has rolled out a global multi-strategy hedge fund, HedgeWeek reports.

  • Cazenove Plans Retail Fund

    June 19, 2009

    Cazenove Capital Management is planning to float a retail hedge fund, Financial Times reports.

  • GAM To Lose Investment Director

    June 19, 2009

    GAM announced that Investment Director John Bennett will leave at the end of the year. He has been overseeing client assets at the firm for about 16 years.

  • Hermes To Raise HF Allocation

    June 19, 2009

    Hermes Fund Managers is planning to increase its allocation to hedge funds, Reuters reports.

  • Santander Hedge Fund Unit Faces Madoff Investigation

    June 19, 2009

    The Swiss public prosecutor has started a criminal probe into allegations that Banco Santander’s hedge fund unit cheated clients by misrepresenting its relationship with Bernard Madoff, The Wall Street Journal reports.

  • Baroda Ventures Names Partner

    June 19, 2009

    Los Angeles-based Baroda Ventures has appointed Peter Lee as partner, Private Equity Wire reports.

  • Chicago PE Firm Appoints Principal

    June 19, 2009

    Chicago-based buyout firm Linden has hired Bill Drehkoff as a principal, Pehub reports.

  • Petrilli Restarts Madoff Trading Unit

    June 19, 2009

    Bernard Madoff’s market-making business is restarting under the name Surge Trading, Financial Times reports.

  • KKR May Scrap NYSE Listing Plan

    June 19, 2009

    KKR may terminate its plan to list in New York, Financial Times reports.

  • SEC Mulls New HF Registration Laws

    June 19, 2009

    The Securities and Exchange Commission (SEC) is studying if new laws are required for hedge funds to register with the agency, The Wall Street Journal reports.

  • AIN Data Commentary, June 19, 2009

    June 19, 2009

    We’re still waiting on CASAM to report its returns before our May dataset is complete.

  • European Investors Return To Property Plays

    June 19, 2009

    Hedge funds, pension funds and asset managers have been increasingly turning back to using property derivatives in Europe over the past few weeks as they develop a more positive outlook on the real estate market, identifying areas of dislocation for trading.

  • One Year Ago In Alternative Investment News

    June 19, 2009

    Numeric Investors merged three of its statistical arbitrage funds into one $1 billion fund...

  • "When we spoke to funds and asked what their biggest challenge was, they said invariably, 'proving we're not crooks.'"

    June 19, 2009

    --Jason Roberts, a partner at Reish & Reicher, on the thinking behind the firm's new financial services practice group.

  • Alternatives Manager Search Directory

    June 19, 2009

  • Mandate Scoreboard

    June 19, 2009

  • Performance Snapshot: Multi-strategy hedge funds

    June 19, 2009


 

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