Stories

  • London Scheme Mulls Alts Foray

    July 02, 2009

    The Royal Borough of Kingston upon Thames Pension Fund is considering its first move into alternatives.

  • Lambeth Seeks PE, Property Managers

    July 02, 2009

    The £541 million ($802 million) London Borough of Lambeth Superannuation Fund is planning to tap new managers for private equity and real estate.

  • Tulare County Boosts Alts, Int’l Equity

    July 02, 2009

    The $800 million Tulare (Calif.) County Employees Retirement Association has bolstered its allocations to private equity and hedge funds.

  • Some Secondary Transfers Slowing Down

    July 02, 2009

    Secondary transfers of entire investor hedge fund interests are slowing down and will become rarer as liquidity returns, according to Adam Gale, member of the private investment funds group at Orrick, Herrington & Sutcliffe.

  • Credit Firm Sees Greatest Demand For Mutual Fund

    July 02, 2009

    Cedar Ridge Partners is seeing the most investor interest for the Forward Long/Short Credit Analysis Fund—the mutual fund spin-off of its municipal bond hedge fund, the Cedar Ridge Investors Fund—despite the fact that its hedge fund is up more than 40% year-to-date.

  • Managers Exercise Caution On Side Letters

    July 02, 2009

    As hedge fund managers come under five about fiduciary responsibility, they are turning their backs on side letters which give one party an advantage and put other investors at a disadvantage by dictating different terms than the fund's standard offering documents.

  • Dutch Firm Reveals Shorts

    July 02, 2009

    Amsterdam-based Antaurus Capital Management has lifted the lid on some of the recent short plays undertaken by its Antaurus Europe Fund—including some that cost the firm money.

  • Omega Debuts Uncorrelated FoF

    July 02, 2009

    Omega Asset Management, the $700 million London fund of funds shop that is an offshoot of a Madrid family office, has rolled out the Turaco Purest Alpha Fund, a portfolio of 25 hedge funds that seeks to be entirely uncorrelated.

  • Iraq Fund Eyes Soft Close

    July 02, 2009

    Godvig Capital Management, the Luxembourg hedge fund firm focused on Iraq, is planning to soft-close its flagship Babylon Fund when it hits $40 million.

  • Uni Scheme Eyes Alts

    July 02, 2009

    The University of Southampton Non-Academic Staff Pension Scheme looks likely to make a move into alternatives this year in the hope of boosting its returns.

  • Blackstone, KKR Eye $300M USL Stake

    July 01, 2009

    The Blackstone Group, KKR and Capital International are interested in acquiring a stake in India’s United Spirits (USL), The Economic Times reports.

  • Sweden’s Brummer Enters Singapore Office

    July 01, 2009

    Sweden’s biggest hedge fund manager has opened a Singapore office, Reuters reports.

  • Liontrust HF Eyes Bank Sub Bonds

    July 01, 2009

    Liontrust’s Credit Fund is buying European subordinated bank bonds, Reuters reports.

  • BlueCrest To Wind Down ABL HF

    July 01, 2009

    U.K. asset manager, BlueCrest, is liquidating its Specialty Asset Finance Fund, Reuters reports.

  • Carlyle, Portuguese Firm In JV

    July 01, 2009

    Private equity firm, Carlyle, has entered a joint venture partnership with Crimson Investment Management, Private Equity Wire reports.

  • Ex-UBS Banker Starts Green Tech Firm

    July 01, 2009

    A former UBS banker has launched an alternative energy advisory firm in New York, Bloomberg reports.

  • Ex-Brevan, RBS Greenwich Traders Launch Fund

    July 01, 2009

    A new government-bond hedge fund, 5:15 Capital Management, has begun trading, Bloomberg reports.

  • Permal Eyes Discounted HF Stakes

    July 01, 2009

    Permal Group is launching another vehicle to buy discounted hedge fund stakes in the secondary markets, Financial News reports.

  • Lawyers Urge European Managers To Grab TALF Window

    July 01, 2009

    London law firm Kaye Scholer is urging European managers to seize the opportunities available to them under the Term Asset-Backed Securities Loan Facility ("TALF") by launching new funds as soon as possible.

  • Banker, Consultant Call For FoFs To Reinvent Themselves

    July 01, 2009

    "For funds of funds to succeed they are going to have to change the way they do business," particularly if they are to attract money from larger investors, believes Brian Altenburg, a managing director in alternative investment asset management at Bank of America.

  • N.C. Firm Launches Index-Trading Fund

    July 01, 2009

    Headline Capital Management, a Charlotte, N.C., quantitative hedge fund firm, has today rolled out its third fund, the Headline Mercury Fund.

  • Carlyle Asia Growth Fund Raises $1B

    June 30, 2009

    Carlyle Group has raised $1 billion for a new fund targeting investments in smaller Asian companies, Financial Times reports.

  • Kelso Place Floats £75M Turnaround Fund

    June 30, 2009

    London private equity firm, Kelso Place Asset Management, has started a £75 million fund to invest in turnaround opportunities in the U.K., Private Equity News reports.

  • U.K. To Raise £150M For Tech VC Fund

    June 30, 2009

    The U.K. government is planning to raise £150 million for a vehicle, to plug a funding gap for technology start-ups, Financial Times reports.

  • Coller Capital Invests In HF Assets

    June 30, 2009

    Coller Capital has acquired illiquid assets from two hedge funds, The Wall Street Journal reports.

  • Candover Ends Takeover Talks

    June 30, 2009

    Private equity firm Candover has terminated takeover talks with potential buyers, Financial Times reports.

  • Wilshire PE Unit Taps BlackRock MD

    June 30, 2009

    Wilshire Private Markets has appointed Kevin Nee as president, IM Weekly reports.

  • Viteos Starts Managed Accounts Platform

    June 30, 2009

    Viteos Fund Services has unveiled an administration platform for managed accounts called Viteos Managed Account Platform.

  • Ares Plans $250M Private Debt Fund

    June 30, 2009

    Ares Capital is planning to raise around $250 million via a private debt fund.

  • JP Morgan Winds Down $600M PE Fund

    June 30, 2009

    JP Morgan Chase is liquidating a $600 million-plus private equity fund, Brysam Global Partners, Financial Times reports.

  • GLG Enters Ucits L/S Arena

    June 30, 2009

    GLG Partners has made its first move to offer hedge fund strategies via the Ucits structure by launching the GLG Pure Alpha (Ucits III) Fund.

  • SGI Launches New Fund

    June 30, 2009

    Security Global Investors has launched a new long/short commodities fund and is considering future funds in distressed debt, long/short real estate, private equity and clean technologies.

  • Paulson, King Street Up For Alts Award

    June 30, 2009

    Healthcore Management, King Street Capital Management and Paulson & Co. are the nominees for AIN sister publication Foundation & Endowment Money Management’s Hedge Fund Manager of the Year award—one of three alternatives categories.

  • Angola To Start Sovereign Fund

    June 29, 2009

    The African nation of Angola plans to start a sovereign fund in 2009 to invest the oil-rich nation’s wealth abroad, Reuters reports, citing an announcement by Finance Minister Severim de Morais.

  • Opvs To Start Asia-Focused Credit Funds

    June 29, 2009

    Singapore-based Opvs Group is starting two Asia-focused credit funds, Reuters reports.

  • Farallon Sells $329M Indo Bank Stake

    June 29, 2009

    Farallon Capital Management has sold its entire 4.05% stake in Bank Central Asia for $328.6 million, The Wall Street Journal reports.

  • Masdar Plans $250M Clean-Tech Fund

    June 29, 2009

    Masdar, an Abu Dhabi renewable energy company, is planning to float a $250 million clean-technology fund, Financial Times reports.

  • BlueBay Eyes 49% Honsel Stake

    June 29, 2009

    U.K.’s BlueBay Asset Management is planning to buy 49% of German car parts maker, Honsel, in a €510 million debt restructuring deal, Financial News reports.

  • EVCA Opposes EU Plans

    June 29, 2009

    The European Private Equity and Venture Capital Association (EVCA) has criticized the European Commission’s plans to regulate all alternative investment firms similarly, The Wall Street Journal reports.

  • Permira Nears €2.5B Valentino Debt Deal

    June 29, 2009

    Private equity firm, Permira, is close to renegotiating €2.5 billion in debt with lenders to Italian fashion house, Valentino, Financial Times reports.

  • Neuberger To Liquidate Dividend Fund

    June 29, 2009

    Neuberger Berman Management and the board of directors of the Neuberger Berman Dividend Advantage Fund have agreed to close the fund.

  • MidOcean Partners Launches Credit HF

    June 29, 2009

    Middle-market private equity firm MidOcean Partners has formed a credit unit dubbed MidOcean Credit Partner.

  • Providence Seeks $1B For New Debt Fund

    June 29, 2009

    Providence Equity Partners is launching the TMT Special Situations Fund II, Private Equity News reports.

  • Ruth Madoff Gives Up Rights To $80M Assets

    June 29, 2009

    Bernard Madoff’s wife, Ruth Madoff, has given up the rights to more than $80 million of assets, being sought in the case against him, The Wall Street Journal reports.

  • Opus Capital Taps Apple Exec

    June 29, 2009

    Venture capital firm Opus Capital has appointed Bob Borchers as general partner, The Wall Street Journal reports.

  • Tech Fund Goes Almost Entirely Long

    June 29, 2009

    Long/short equity technology-focused hedge fund ChipInvestor Group is in buying-mode, staying 80-90% long with its only shorts being hedges.

  • Kiwi Firm Raises $200M PE Fund

    June 26, 2009

    New Zealand private equity firm Direct Capital has raised $200 million for a new fund, The National Business Review reports.

  • Ex-Lehman Trader Starts Singapore HF

    June 26, 2009

    Former Lehman Brothers credit trader Assan Din is starting a credit hedge fund in Singapore, Bloomberg reports.

  • Marwyn Starts £500M U.K. Recovery Fund

    June 26, 2009

    Investment and advisory firm Marwyn is launching a U.K. recovery fund, Hedge Funds Review reports.

  • Gartmore Taps U.K. Fund Manager

    June 26, 2009

    Gartmore has appointed Luke Newman as a portfolio manager, Citywire reports.

  • PE Firms Eye Germany’s Almatis

    June 26, 2009

    German aluminum business Almatis is in discussions with firms over a $1.1 billion debt restructuring, Financial Times reports.

  • IBM Accuses Ex-M&A Head Over VC Firm

    June 26, 2009

    IBM has accused its ex-merger strategist, David Johnson, for using company resources to launch a venture capital firm, Bloomberg reports.

  • Riverstone Buys B&B’s NA Wind Group

    June 26, 2009

    Riverstone Holdings and the North American energy group management team of Babcock & Brown collectively bought Babcock & Brown’s wind development portfolio.

  • Pang Sued Over Alleged Fraud, Ponzi

    June 26, 2009

    California financier Danny Pang is believed to have extracted $83 million by inflating fees, loans and salary from his investment firm, The Wall Street Journal reports.

  • June 26, 2009

  • Ospraie Launches JV Agriculture Fund

    June 26, 2009

    Ospraie Management’s Ospraie Special Opportunities Fund and Teays River Investments have launched the joint venture Ag Real Value Fund.

  • Ex-Deutsche Bank Distressed Chief Readies Credit Shop

    June 26, 2009

    Simon Mullaly, an ex-head of distressed trading at Deutsche Bank in London, is working on launching a credit investment boutique along with Lars Lemonius, an ex-Morgan Stanley portfolio manager in London.

  • 7th Annual Hedge Fund Industry Award Winners

    June 26, 2009

    Brevan Howard Asset Management and Liongate Capital Management were named Hedge Fund Leader and Fund of Hedge Funds Leader of the Year at AIN's Seventh Annual Hedge Fund Industry Awards.

  • One Year Ago In Alternative Investment News

    June 26, 2009

    Ashmore Investment Management sought to raise at least $2.5 billion by year-end for a new global emerging markets special-situations fund...

  • "It's good for GM to have some good news."

    June 26, 2009

    --John Stevens, managing director of Promark Global Advisors, formerly General Motors Asset Management, on accepting AIN's Corporate Fund Investor of the Year award.

  • Alternatives Manager Search Directory

    June 26, 2009

  • Mandate Scoreboard

    June 26, 2009

  • Emerging Manager of The Year: Reech Alternative Investment Management

    June 26, 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.


 

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