Stories

  • Star Goldman Trader Readies Hedge Fund

    July 17, 2009

    Remi Colinmaire, an ex-managing director in equity index trading at Goldman Sachs in London, who according to headhunters made in the region of $4 million a year and around $1 billion for Goldman during his 10 years at the firm, is starting his own hedge fund.

  • Jubilee Plans To Launch Alt Funds

    July 16, 2009

    Jubilee Financial Products is planning to launch an array of new alternative funds over the next few months, Financial Times reports.

  • TPG, Carlyle Retender Springer Offer

    July 16, 2009

    TPG and a group, including Carlyle Group and Providence Equity Partners, have reportedly resubmitted their bids to buy a minority stake in Springer Science and Business Media, three people familiar with the matter told Reuters.

  • Bluecrest Holders To Vote On HF Future

    July 16, 2009

    Shareholders of listed hedge fund, Bluecrest AllBlue, will vote on its continuation, Financial News reports.

  • Hatteras Names AIP Risk Head

    July 16, 2009

    Alternative investment firm, Hatteras Funds, has hired Robert Murphy as director of risk management for Alternative Investment Partners (AIP).

  • Madoff Accountant May Waive Indictment

    July 16, 2009

    Bernard Madoff’s accountant, David Friehling, is planning to waive his right to a criminal indictment, Financial Times reports.

  • CCMP Capital Taps Ex-Dow Jones CEO

    July 16, 2009

    Private equity firm CCMP Capital Advisors, which spun out off JPMorgan Chase in 2006, has appointed Richard Zannino, The Wall Street Journal reports.

  • Treasury Outlines New HF Legislation

    July 16, 2009

    The U.S. Treasury has proposed a new hedge fund legislation requiring U.S. hedge funds and private equity funds to register with the Securities and Exchange Commission.

  • Industrial Stats Prompt Downside Dollar Plays

    July 16, 2009

    Hedge funds were buying two-week calls on the euro against the U.S. dollar on July 15, anticipating a slower decline in U.S. industrial production for the month of June, released at press time on Wednesday by the Federal Reserve.

  • Credit Suisse Adds Asia Capital Services Head

    July 16, 2009

    Credit Suisse in Hong Kong has appointed Benjamin Happ as head of capital services Asia Pacific, a newly-created position.

  • Signina Eyes Acquisitions

    July 16, 2009

    Signina Capital in Zurich is looking to acquire another manager in order to diversify its range of offerings.

  • QCM Making First Ucits Move

    July 16, 2009

    Quality Capital Management is planning its first Ucits-approved offerings.

  • FRM Seeding Platform Signs Fourth Manager

    July 16, 2009

    FRM Capital Advisors, the hedge fund seeding arm of $9 billion fund of hedge funds firm Financial Risk Management, has inked a deal with David Rogers’ JD Capital Management.

  • FrontPoint Loses Chief Operating Officer

    July 16, 2009

    John Hagarty, chief operating officer at FrontPoint Partners, Morgan Stanley Investment Management’s hedge fund subsidiary, has resigned from this role, according to a client letter.

  • Dublin Shop Improves Liquidity Of FoF

    July 16, 2009

    Abbey Capital has changed the liquidity of its $60 million multi-manager Global Macro Fund to weekly from monthly.

  • GLG Debuts Emerging Markets Distressed Offering

    July 16, 2009

    GLG Partners has rolled out a hedge fund focused on the emerging markets, with a particular emphasis on distressed debt. The GLG Atlas Value & Recovery Fund began trading on June 1.

  • Aussie Hedge Funds Continue Gains

    July 15, 2009

    Australian hedge funds returned an average 1.3% in June, the fourth consecutive monthly gain, Bloomberg reports.

  • Sarasin Floats Sustainable RE Fund

    July 15, 2009

    Sarasin has launched Sarasin Sustainable Equity Real Estate Global Fund, which specializes in the shares of sustainable property companies, Financial Times reports.

  • Duet Launches CEE HF, Targets $250M

    July 15, 2009

    London-based Duet Asset Management has launched its third emerging market hedge fund, Bloomberg reports.

  • London HF Firm Buys IKOS Unit

    July 15, 2009

    Hedge fund firm, Alpha Strategic, has bought Acme Advisors, a wholly-owned subsidiary of IKOS Asset Management, Financial News reports.

  • RWC To Introduce Absolute Alpha Fund

    July 15, 2009

    RWC Partners announced plans to launch RWC US Absolute Alpha, a UCITS III US equity long/short fund, in October.

  • Madoff Trustee Sues Cayman Hedge Fund

    July 15, 2009

    The trustee overseeing the liquidation of Bernard Madoff’s assets, Irving Picard, has sued Cayman Islands-based hedge fund Herald Fund, claiming it should return $587 million it earned with Madoff to investors wiped out by the fraud, Associated Press reports.

  • Goldman CFO Expects Hedge Fund Rebound

    July 15, 2009

    Hedge fund assets may bounce back after a year of substantial withdrawals, Goldman Sachs CFO David Viniar said, Reuters reports.

  • Huntsman Closes First Fund At $1.1B

    July 15, 2009

    Huntsman Gay Global Capital held the final closing of its first fund, with total commitments of more than $1.1 billion.

  • Ellington Financial Plans $200M IPO

    July 15, 2009

    An affiliate of hedge fund manager Ellington Management is planning to raise around $200 million in an initial public offering, The Wall Street Journal reports.

  • Miami Firm Preps Emerging Markets Fund

    July 15, 2009

    Miami-based Noctua Asset Management will launch the emerging markets Alto Global Fund on August 1.

  • Convert Arbitrage Top June Strategy

    July 15, 2009

    Convertible arbitrage was the best-performing hedge fund strategy in June, returning 28 basis points, with managed futures lagging the furthest behind (down -1.59%), according to research from Lipper.

  • Westchester Distressed Shop Eyes LatAm Assets

    July 15, 2009

    Schultze Asset Management, a Purchase, N.Y., long/short firm focused on distressed credit, is looking to Latin America as a possible source of assets.

  • Goldman Names India Securities MDs

    July 14, 2009

    Goldman Sachs Group has appointed Vijay Karnani and Rohit Narang as managing directors of its India securities unit, LiveMint reports.

  • Coller, Saints Vie For 3i Assets

    July 14, 2009

    Three bidders are in the race for private equity firm 3i’s venture assets portfolio, Financial News reports.

  • Degorce, Lansdowne Plan U.K. Equity HF

    July 14, 2009

    U.K. hedge fund Lansdowne Partners is planning to launch a global equities fund, Times Online reports.

  • Barclays Eyes PE Unit Sale

    July 14, 2009

    Barclays is planning to sell its private equity business to boost capital levels, Citywire reports.

  • SEC Fines NY Hedge Fund For Rule Violation

    July 14, 2009

    The Securities and Exchange Commission (SEC) has fined Cary Brody, a New York-based hedge fund manager, for illegal short-selling, according to SEC documents.

  • Investor Sues Carlyle Over Fund Loss

    July 14, 2009

    Michael Huffington, a former Republican congressman from California, has sued Carlyle Group, The Wall Street Journal reports.

  • Apollo To Raise $600M For REIT Fund

    July 14, 2009

    Apollo Global Management is planning to raise $600 million in a public offering of shares in its commercial property investment fund, Bloomberg reports.

  • Fortress To Refinance $1.6B FECI Debt

    July 14, 2009

    Fortress Investment Group is in talks with lenders to refinance a $1.6 billion loan on Florida East Coast Industries (FECI), The Wall Street Journal reports.

  • Hedge Funds Eye Replicator ETFs

    July 14, 2009

    IndexIQ is seeing interest in its two hedge fund replicator exchange-traded funds (ETF) from hedge funds and funds of hedge funds which are looking for a place to park some of their cash.

  • Altegris Seeks Macro, Futures Managers

    July 14, 2009

    Hedge fund consultancy Altegris Investments is planning to add four new managers to its platform in the next month or so.

  • Inflows Might Save Holtham’s Fund

    July 14, 2009

    Gerald Holtham, the former cio of Morley Fund Management, hopes recent investor interest will save his global macro firm from the chop.

  • AIC Questions EU’s New HF Rules

    July 13, 2009

    The U.K.’s Association of Investment Companies is opposing the European Commission’s proposed rules for alternative investment fund managers, Financial Times reports.

  • CESR Urges Pan-European Short Selling Regs

    July 13, 2009

    The Committee of European Securities Regulators is urging stricter rules for short selling, across most of Europe.

  • Terra Firma, Citi In EMI Debt Talks

    July 13, 2009

    British private equity firm Terra Firma is in discussions with Citigroup over a restructuring of its debt-laden music group, EMI, Financial Times reports.

  • Apollo Backs Infineon’s €725M Issue

    July 13, 2009

    Infineon Technologies is planning to raise €725 million with backing from private equity investor, Apollo Global Management, The Wall Street Journal reports.

  • SEC Uncovers $2B Illinois Hedge Fund Fraud

    July 13, 2009

    The Securities and Exchange Commission (SEC) has accused an Illinois-based hedge fund manager Gregory Bell of feeding client assets to an alleged Ponzi scheme run by businessman Thomas Petters.

  • Wilbur Ross Plans $4B PE Fund

    July 13, 2009

    Wilbur Ross & Company is planning to launch a fifth private equity fund in the beginning of 2009, Financial News reports.

  • Teralys Capital Fund Raises $700M

    July 13, 2009

    The Solidarity Fund QFL and Teralys Capital Fund have raised $700 million for the Teralys Capital fund.

  • PE Firm Looks To Renegotiate Debt Covenants For Deals

    July 13, 2009

    Finally finding good deal opportunities after last year’s dry spell, private equity firm LJH Linley Capital, a joint venture between James Hedges’ LJH Global Investments and John Poerink, is facing a new obstacle—expensive debt financing.

  • Cinneas Pushes Currencies

    July 13, 2009

    Cinneas Foreign Exchange, a Morristown, N.J.-based alternative investment management firm, has launched a Commodity Trading Advisor platform in an effort to provide institutional and high-net-worth investors with currency plays uncorrelated to the traditional markets.

  • AC Eyes Managed Account-Only FoF

    July 13, 2009

    AC Investment Management, a New York fund of hedge funds firm with a focus on commodities, is likely to offer a fund investing only in those managers held by its AGR Master Fund that are accessible via managed accounts.

  • Managed Futures Falter

    July 13, 2009

  • Ward Growing Advisory Biz

    July 13, 2009

    L.H. Ward & Co., a boutique located in London’s East End best-known for running a small long/short equity fund, has decided to focus most of its attention on providing asset-allocation services to wealthy individuals.

  • Rathbone Rolls Out Multi-Asset FoFs

    July 10, 2009

    Rathbone Investment Management has unveiled two multi-asset funds of funds for its smaller clients, Citywire reports.

  • Man Group Sees Recovery

    July 10, 2009

    Man Group is witnessing a rebound as redemptions by institutional investors slowed in the three months through June, Financial Times reports.

  • Bebo Co-Founder Plans Internet VC Fund

    July 10, 2009

    Michael Birch, co-founder of Bebo, is launching PROfounders Capital, an investment fund for internet start-ups, Financial Times reports.

  • Citadel Sues Three For Contract Breach

    July 10, 2009

    Citadel Investment Group has sued a former executive and two others for setting up their own trading firm, The Wall Street Journal reports.

  • Hatteras To Acquire FoF Strategies

    July 10, 2009

    Alternative investment firm Hatteras Funds entered an agreement to buy a controlling stake in a provider of open end mutual funds of hedge fund strategies.

  • Cerberus Alters Fund Terms

    July 10, 2009

    Cerberus Capital Management is restructuring investor terms on its main hedge fund, The Wall Street Journal reports.

  • FoF Situation Improves Amid Market Stabilization

    July 10, 2009

    The situation for funds of hedge funds is improving after good performance year to date and an easing of redemptions, according to Fitch Rating's Fund of Hedge Funds Quarterly newsletter.

  • Toronto Firm Touts Its Conservative Nature

    July 10, 2009

    Lightwater Partners is implementing a marketing strategy which focuses on the fund’s low-volatility—emphasized by its new name, Lightwater Conservative Long/Short Fund—and choosing a fund distributer instead of a third-party marketer.

  • Saba Staffs Up, Prepares For Launch

    July 10, 2009

    Saba Capital Management, the newly-formed hedge fund firm founded by Boaz Weinstein, ex-head of Deutsche Bank’s proprietary trading group, has hired Carl Casler of Viking Global as chief financial officer.

  • One Year Ago In Alternative Investment News

    July 10, 2009

    Union Bancaire Privée prepared to launch a hedge fund/private equity fund hybrid...

  • "In a shortage situation, water is more valuable than oil when you really cut to the chase."

    July 10, 2009

    --Simon Glossop, a partner at CF Partners, on the supply problem increasingly posed by water.

  • Mandate Scoreboard

    July 10, 2009

  • Alternatives Manager Search Directory

    July 10, 2009

  • Performance Snapshot: Funds of hedge funds

    July 10, 2009


 

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