Stories

  • Investment Group Frets Over Ucits Plan

    July 10, 2009

    The Investment Management Association is worried by the European Commission’s plans to toughen up the Ucits regime for depositary institutions.

  • RWC Raises £2B In Multi-Asset Funds

    July 09, 2009

    London-based RWC Partners has raised over £2 billion in its multi-asset funds, since their launch, Global Fund Wire reports.

  • Hedge Funds Post Gain In June

    July 09, 2009

    Hennessee Group announced that the Hennessee Hedge Fund Index gained 0.64% in June, compared with the S&P 500 performance of 0.02%, the Dow Jones Industrial Average return of -0.63%, and the NASDAQ Composite Index gain of 3.10%.

  • Centaurus Recovers Investors Interest

    July 09, 2009

    U.K. hedge fund manager Centaurus Capital has started regaining clients, The Wall Street Journal reports.

  • 3i Cuts 50% Debt

    July 09, 2009

    British private equity firm 3i has reduced its net debt in its fiscal first quarter by 50%, Financial Times reports.

  • Bandon Capital Adds MD

    July 09, 2009

    Alternative investment firm Bandon Capital Management has hired J. Michael Miller as managing director, handling the development and management of the financial intermediary market.

  • Investors Sue Highland Capital

    July 09, 2009

    A group of institutional and individual investors filed a lawsuit against Highland Capital Management and two of its hedge funds over allegedly misleading them about the funds’ financial state.

  • Trustee Says Feeder Fund Ignored Suit

    July 09, 2009

    The trustee liquidating Bernard Madoff’s assets has asked a U.S. bankruptcy court to enter a ‘notice of default’ against Vizcaya Partners, Bloomberg reports.

  • Sky Capital Execs Face $140M Fraud Case

    July 09, 2009

    Six former executives and brokers of Sky Capital Holdings have been accused of an alleged $140 million investment fraud and stock-manipulation scheme, The Wall Street Journal reports.

  • Fund Administrator Sees Higher Volume

    July 09, 2009

    Administrator Crederian Fund Services has seen an increase in volume as the focus on outsourcing hedge fund administration grows.

  • Agri Firm Looks To Launch Funds In Russia, Africa

    July 09, 2009

    Agricultural investment firm Global Ag Investors is hoping to work with one or more hedge fund firms to open two new funds to invest in Russia and Africa in the next year.

  • Alger Preps L/S Equity Mutual Fund

    July 09, 2009

    Fred Alger Management is preparing to launch a long/short equity mutual fund later this summer.

  • Harcourt To Increase Asian Footprint

    July 09, 2009

    Zurich's Harcourt Investment Consulting wants to strengthen its presence in Asia by building on existing relationships and establishing new ones with strategic partners.

  • London Shop Rolls Out CTA

    July 09, 2009

    Sabre Fund Management has launched the Sabre Adaptive Trading Fund, a quantitative managed futures fund.

  • Aspect Targets German Investors

    July 09, 2009

    Aspect Capital, the $3.5 billion London managed futures firm, is seeking assets from investors in German-speaking Europe.

  • Merlin Adds Risk Enhancements To Reporting Platform

    July 09, 2009

    Merlin Securities is adding enhancements to its multi-prime hedge fund reporting platform in order to help users decrease risk exposure.

  • Baylor Eyes Hedge Fund, Distressed Opportunities

    July 09, 2009

    Baylor University’s roughly $1 billion endowment is looking at investments in several areas, including hedge funds and distressed securities.

  • Mount Sinai Eyes Alternatives

    July 09, 2009

    Mount Sinai Medical Center is opportunistically scouting several alternative investments for its $1 billion endowment.

  • PE Fundraising Drops 64% In 1H09

    July 08, 2009

    By the halfway point of 2009, private equity firms had raised just over one-third of the capital they attracted during the same period one year earlier, according to new analysis by Dow Jones Private Equity Analyst.

  • FSA Might Gain Control Over HF Leverage

    July 08, 2009

    U.K. is planning to provide the Financial Services Authority with emergency powers to lower individual hedge funds’ leverage, The Wall Street Journal reports.

  • AIMA Welcomes U.K. Treasury Paper

    July 08, 2009

    The Alternative Investment Management Association issued a response supporting the U.K. Treasury’s white paper on market reform.

  • Pomona Closes $1.3B Secondaries Fund

    July 08, 2009

    Pomona Capital has closed its seventh secondaries fund, Pomona Capital VII, at $1.3 billion in commitments.

  • Vornado Plans $1B PE Fund

    July 08, 2009

    Real estate investment trust Vornado Realty Trust is planning to raise $1 billion for a privateequity fund aimed at buying retail and office properties, The Wall Street Journal reports.

  • JWM Partners To Close HF

    July 08, 2009

    John Meriwether’s hedge fund firm, JWM Partners, is planning to close its current hedge fund, people familiar with the matter told Bloomberg.

  • KKR Joins DIP Loan Syndicate

    July 08, 2009

    KKR will provide a debtor-in-possession (DIP) loan to Lear, The Wall Street Journal reports.

  • Liontrust Enters Ucits For L/S

    July 08, 2009

    Liontrust Asset Management has rolled out the sterling-denominated Liontrust European Absolute Return fund—the London firm’s first push to target the U.K. retail market with an absolute-return offering.

  • San Luis Obispo Drops Hedge Fund Allocation

    July 08, 2009

    The $610 million San Luis Obispo County Employees Retirement System has decided against implementing a 5% fund of hedge funds allocation due to increased risk in the asset class and will seek core fixed-income managers instead.

  • Griffin Cuts Gross Exposure To W. Europe

    July 08, 2009

    Griffin Capital Management has brought down the gross exposure of its Western Europe-focused Griffin European Opportunities Fund in expectation of a volatile earnings season over the next few weeks.

  • Brownstone Staffs Up

    July 08, 2009

    Jeffrey Dane, formerly of the Onex Corporation, has joined Brownstone Asset Management as a senior analyst.

  • Channelstone Eyes Acquisition

    July 08, 2009

    New York-based Channelstone Capital Partners is looking for a company with revenues of between $10 million and $50 million for its Channelstone Capital Partners fund to acquire.

  • Blacksquare Seeks L/S Commodities Managers

    July 08, 2009

    Blacksquare Capital wants to add long/short commodities equity managers to its multi-manager Blacksquare Commodity Fund.

  • Abraaj Taps MD From Deutsche

    July 07, 2009

    Middle Eastern private equity firm, Abraaj Capital, has hired Ashok Aram, as a managing director, Financial News reports.

  • Israel Plans $40M Israeli-Arab PE Fund

    July 07, 2009

    Israel is planning to create a $40 million private equity fund aimed at developing business with the Israeli Arab sector, World Sentinel reports.

  • KKR Sells $400M Oriental Brewery Stake

    July 07, 2009

    Kohlberg Kravis Roberts has sold half of the equity in South Korea’s Oriental Brewery to private equity firm, Affinity Equity Partners, for $400 million, Financial Times reports.

  • PE Firms Eye Lloyds Fund Unit

    July 07, 2009

    Private equity firms, Hellman & Friedman and TA Associates, are vying for Insight Investment, the fund management arm of Lloyds Banking Group, Daily Mail reports.

  • Bridgepoint Eyes £700M Pets At Home IPO

    July 07, 2009

    Bridgepoint Capital is assessing a £700 million initial public offering for Pets At Home, Financial Times reports.

  • Ex-AIG Exec Launches London HF

    July 07, 2009

    Ex-AIG commodities head, Christiaen van Lanschot, has started a commodities futures hedge fund management business in London, Financial News reports.

  • Cinven Names Managing Partner

    July 07, 2009

    Private equity firm, Cinven, has named Hugh Langmuir as managing partner, Financial Times reports.

  • Investment Pros Look To BRIC, Gold, CDS

    July 07, 2009

    Some of the few major investors that banked during tough times are scrambling to make positive returns before the bubble bursts again, The Wall Street Journal reports.

  • U.S. HF Appoints Independent Auditor

    July 07, 2009

    Hedge fund firm Maverick Capital has appointed an independent auditor, New York Post reports.

  • Madoff Trustee Seeks Default Ruling For Harley

    July 07, 2009

    Irving Picard, who is liquidating Bernard Madoff’s investment-advisory business, is seeking a default ruling against Harley International, Bloomberg reports.

  • Canadian Firm Starts Marketing Small Cap Fund

    July 07, 2009

    AlphaNorth Asset Management has begun marketing its AlphaNorth Partners Fund following a strong June return of 14.1%.

  • Tide Seen Turning On Broken LBO Promises

    July 07, 2009

    The credit crunch has made it more common for hedge fund and private equity firms to back out of leveraged buyout promises, able to do so because they have not signed any documents.

  • Calif. Firm Reboots

    July 07, 2009

    Triatto Capital Management, a San Francisco-based long/short equity firm, is launching its first fund since lying dormant since 2007.

  • Conrad To Carve Out HF Due Diligence Biz

    July 07, 2009

    Conrad Capital Management in Melville, N.Y., is planning to run its consulting business, centered on operational due diligence, as a separate company and is looking to hire someone to run it.

  • GAM Shorts Solar Cell Manufacturers

    July 07, 2009

    Mark Hawtin, investment director of GAM’s Delphic Fund, a long/short equity strategy, is shorting several solar cell manufacturing companies as he believes the sector is over-crowded.

  • UBP Names Alts CIO, Head Of Research

    July 07, 2009

    UBP Asset Management has hired Sara Sprung in the newly-created role of cio of alternative investment.

  • Fund To Tackle Global Water Shortage

    July 07, 2009

    CF Partners, the private London firm focused on environmental investing in commodities, will open to outside investors by launching an unusual water infrastructure fund and a carbon relative-value hedge fund.

  • Cadogan Preps Distressed FoF

    July 07, 2009

    Cadogan Management is working on a distressed opportunity fund of funds, which it hopes to launch by the end of the year.

  • Credit Suisse Cranks Up Lending Efforts

    July 07, 2009

    Credit Suisse is looking to expand its fund of funds financing business, according to Eric van Laer, a managing director in fund-linked products.

  • Reverse Stress Testing Draws Interest

    July 07, 2009

    Reverse stress testing—the process by which firms try and account for potential shocks to their portfolios by addressing specific peculiarities—is becoming more common, according to Ron Papanek, head of RiskMetrics Group’s labs unit in New York.

  • Nomura Plans Global Prime Broking Business

    July 06, 2009

    Japan's Nomura Holdings plans to launch a global prime brokerage business by September as the financial crisis has created room for new players to serve hedge funds, a senior executive said on Monday, Reuters reports.

  • Managers Bow To Client Pressure Over Fees

    July 06, 2009

    Asset managers are set to follow investment bankers in changing their pay and fee structures after coming under pressure to align their interests more closely with the interests of their clients, Financial News reports.

  • U.K. Regulator Proposes Tripling Market-Abuse Fines

    July 06, 2009

    The U.K.’s financial regulator is seeking to triple the size of fines against banks, insurance companies and traders as part of its effort to discourage the risky behavior that contributed to the global financial crisis, Bloomberg reports.

  • 5:15 Capital Starts Hedge Fund With Nod To Who Song

    July 06, 2009

    Three traders from Brevan Howard Asset Management and RBS Greenwich Capital Markets started a government-bond hedge fund named for one of their favorite songs by the Who, Bloomberg reports

  • Och-Ziff Funds Post Gains In June, But Assets Drop

    July 06, 2009

    Publicly traded hedge-fund manager Och-Ziff Capital Management saw gains in all its main funds during June, but investor withdrawals led to an $800 million decrease in assets under management for the month compared to May, The Wall Street Journal reports.

  • Ospraie’s Anderson Said to Start Hedge Funds With $100 Million

    July 06, 2009

    Dwight Anderson, the commodities investor who liquidated his Ospraie Fund last year after a 39 percent loss, started two hedge funds this month with about $100 million, according to two people familiar with his firm, Bloomberg reports.

  • Hedge Fund Clones Grow In Appeal

    July 06, 2009

    Pioneers of hedge fund replication are reporting rising interest as investors consider returning to the asset class but remain wary of the underlying industry’s poor record on liquidity and transparency and its sky-high fees, The Financial Times reports.

  • CFM’s Aguilar Killed in Gliding Accident

    July 06, 2009

    Jean-Pierre Aguilar, the ceo and co-founder of Capital Fund Managment, France’s largest hedge fund firm, was killed in a gliding accident on July 4.

  • Fort Worth Makes New HF Investments

    July 06, 2009

    The $1.6 billion Fort Worth (Texas) Employees Retirement Fund has recently approved hedge fund investments of up to $10 million with Contrarian Capital Management and up to $8 million with Vicis Capital.

  • FX Concepts Plots Multiple Ucits Rollouts

    July 06, 2009

    FX Concepts, the currency trading firm with around $5.75 billion under management, is about to launch its first Ucits-approved offering—a Luxembourg fund investing in its flagship Global Currency Program—and has plans to roll out similar structures linked to its other two funds.

  • Veritas Hires Brevan Howard Strategist

    July 06, 2009

    Veritas Asset Management has appointed Raymond Foo as a senior analyst on its Asia team.

  • Convertible Strategy Stays Strong

    July 02, 2009

  • One Year Ago In Alternative Investment News

    July 02, 2009

    Gottex Fund Management sued hedge fund firm Stewardship Investment Advisors, accusing Stewardship of preventing Gottex from redeeming more than $100 million from the Stewardship Credit Arbitrage Fund...

  • "This is an undiscovered secret of what's happening in the U.S."

    July 02, 2009

    --Timothy Spangler, a partner at law firm Kaye Scholer, noting that the TALF program has gone largely unnoticed by European managers.

  • Alternatives Manager Search Directory

    July 02, 2009

  • Mandate Scoreboard

    July 02, 2009

  • Performance Snapshot: Global macro hedge funds

    July 02, 2009


 

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