Stories

  • Ex-Brigadier Duo Fire Up Credit Fund

    July 24, 2009

    Ralph Nacey and Eric Phillipps, former portfolio managers at Cohen & Co.’s relative value hedge fund firm Brigadier Capital Management in New York, have formed their own shop.

  • Tokio Marine To Cut HF Investments

    July 23, 2009

    Tokio Marine Holdings Inc., Japan’s biggest casualty insurer, plans to trim hedge-fund investments and shift more of its portfolio in the industry to strategies such as macro and long-short equity funds, Bloomberg reports.

  • GLG To Launch Long-Only UK Fund

    July 23, 2009

    GLG is launching a long-only UK Equity fund for hedge fund stars John White and Jason MacKay.

  • Man Gives $50 million To Ex-Brevan Howard Traders

    July 23, 2009

    A portfolio run by Man Group, the world's biggest listed hedge fund firm, has invested $50 million in a new start-up fund run by three former Brevan Howard traders, Reuters.

  • Pension Schemes Seek To Create Own FoFs

    July 23, 2009

    Pension schemes are increasingly rejecting pre-selected fund of funds in favor of creating their own portfolios, as they look for direct control over their investments, said a senior investment consultant at Mercer, Reuters reports.

  • HSBC Sets Team For New HF Service

    July 23, 2009

    HSBC has created a 50-man team to try to win lucrative business from hedge funds and traditional asset managers with a range of investor-services type businesses that are aimed at winning a greater share of the prime brokerage market, Financial News reports.

  • Hedge Fund Sector Assets Increase In Q2

    July 23, 2009

    Hedge funds had their first quarterly gain in a year, when industry assets increased by $100 billion during the second quarter, ending at $1.43 trillion, according to new data from Hedge Fund Research.

  • RREEF Snaps Up European Portfolio

    July 23, 2009

    RREEF Alternative Investments has acquired three properties, including 25 Moorgate in London, on behalf of one of its real estate funds.

  • Putnam To Offer Hedge Funds

    July 23, 2009

    Putnam Investments plans to launch hedge fund strategies for the first time by the end of the year.

  • French L/S Shop Sees Renewed Interest

    July 23, 2009

    French institutional investors are dipping their toes into hedge funds again after pulling out around six months ago, according to Thierry Dupont, co-founder of Paris boutique BDL Capital Management.

  • Goldstein Pans Proxy Proposal

    July 23, 2009

    Phillip Goldstein, principal of Bulldog Investors and president of Kimball & Winthrop, has slammed Securities and Exchange Commission proposals on corporate elections, arguing that they don’t go far enough.

  • Academics Target ‘Third Return’

    July 23, 2009

    Blue White Alternative Investments, a London- and Helsinki-based investment management firm run by a team of PhDs, is working on a new fund that will seek to extract a third type of return from the market--a return that is distinct from alpha and various recognised beta returns, but which has qualities in common with both.

  • Advisory Firm Adds Hedged Mutual Funds To Platform

    July 22, 2009

    FundQuest, a financial advisory arm of BNP Paribas, has opened up its platform to include hedged mutual funds, finally jumping aboard this burgeoning trend after a year of stress testing different strategies.

  • Managed Futures Firm Seeks Sales Help

    July 22, 2009

    Since starting its marketing efforts this spring, Liquid Capital Management has seen increased interest in its flagship managed futures fund, prompting it to seek a new sales member.

  • Credit Firm Adds To Team

    July 22, 2009

    New York credit shop Global Credit Advisers has hired Kirk Wortman to research leveraged loans, distressed investments and special situations for the GCA Credit Opportunities Master Fund, a long/short credit hedge fund focused on high-yield and distressed corporate debt.

  • African PE Firm Raises $200M For Fund

    July 22, 2009

    African Capital Alliance (ACA) has raised $200 million at the first closing of its private equity fund, AllAfrica.com reports.

  • Korea Sovereign Fund To Boost Equities

    July 22, 2009

    Korea Investment Corp., the nation’s sovereign fund, announced plans to boost its equities allocation later this year and target more investments in the U.S. and Asia, Bloomberg reports.

  • Aabar, Berndorf Plan €150M JV

    July 22, 2009

    Aabar Investments and Austria’s Berndorf are planning to set up a joint venture to invest in technology firms and property in Europe, Bloomberg reports.

  • Man Invests $50M In Start-up Fund

    July 22, 2009

    A portfolio managed by Man Group has invested $50 million in a new start-up fund, Reuters reports.

  • KKR Scraps AB InBev CEE Assets Bid

    July 22, 2009

    Private equity firm, KKR, has canceled its plans to bid for brewer Anheuser-Busch InBev’s central and eastern European assets, after failing to secure funding, Bloomberg reports.

  • ThirdRock Ventures Adds Partners

    July 22, 2009

    Third Rock Ventures has appointed Philip Reilly and Gregory Verdine as venture partners.

  • Ex-CFO Sues DB Zwirn, Founder, For Defamation

    July 22, 2009

    The former CFO of DB Zwirn & Company has sued the hedge fund firm and its founding partner, Daniel Zwirn, The Wall Street Journal reports.

  • Ex-Chrysler CEO Rejoins Cerberus

    July 22, 2009

    Robert Nardelli is rejoining private equity firm, Cerberus Capital Management, The Wall Street Journal reports.

  • Jo’burg Firm Trebles AUM With One Mandate

    July 22, 2009

    South African asset manager Mazi Capital has secured an absolute return mandate worth R1.2 billion, or roughly $155 million, from a local pension fund.

  • BlueCrest Vet Starts Marketing Firm

    July 22, 2009

    Axel Gengenbach, a former marketing director at BlueCrest Capital Management, has set up his own third-party marketing firm, New Capital Introduction, in Frankfurt.

  • Vertex Eyes Second Close

    July 22, 2009

    Private equity firm Vertex Capital is nearing the first close of its second fund, Vertex Distressed Opportunities Fund, which invests in sub-$10 million companies.

  • NASDAQ Plans Data Disseminator

    July 21, 2009

    NASDAQ is preparing to roll out a hedge fund version of its Mutual Fund Quotation Service (MFQS), to help firms comply with pending government regulation.

  • CIC To Buy 40% Stake in CITIC Capital

    July 21, 2009

    China’s sovereign wealth fund, China Investment Corp., has agreed to invest HK$2 billion ($258.1 million) for a 40% stake in private equity fund manager CITIC Capital, sources told Reuters.

  • U.K. Seeks PE Firm For Tech FoF

    July 21, 2009

    The U.K. government has approached several private equity firms to manage its £150 million U.K. Innovation Fund, Financial News reports.

  • KKR, KPE Merger Gets Board Approval

    July 21, 2009

    The board of Dutch-listed KKR Private Equity Investors (KPE) has approved a revised plan under which it will merge with its parent, KKR, The Wall Street Journal reports.

  • SAC Capital Hires External Admin

    July 21, 2009

    Hedge fund firm SAC Capital Advisors has appointed Citco as an external administrator, Financial News reports.

  • Paulson Hires For Insurance Foray

    July 21, 2009

    Paulson & Company has appointed Charles Murphy as a senior vice-president in New York, Financial News reports.

  • Credit Suisse, Reservoir Team Up

    July 21, 2009

    Credit Suisse’s asset management unit has formed a strategic alliance with Reservoir Capital Group to seek risk-adjusted returns mainly by identifying and banking off of opportunities to provide liquidity to hedge funds, hedge fund investors and other sellers.

  • BlackRock Plans Multi-Asset Fund

    July 21, 2009

    BlackRock is planning to launch a protected multi-asset fund in the retail market in the third quarter of 2009, Investment Week reports.

  • Insparo Starts Marketing Africa Fund

    July 21, 2009

    London’s Insparo Asset Management has begun marketing its $140 million Insparo Africa and Middle East Fund now that it has reached a one-year track record.

  • TMT Startup Likes Japan, Kenya

    July 21, 2009

    Jericho Capital Management is focusing its recently-launched long/short global telecom, media and technology strategy on opportunities in Japan and Kenya.

  • Ex-CIO Of Blackstone Arm Launches L/S Fund

    July 21, 2009

    Manish Mittal, the former chief investment officer of Blackstone Kailix Advisors, the hedge fund arm of The Blackstone Group, has formed his own firm, Kailix Investment Advisors, and launched the Kailix Fund, a long/short global equity strategy.

  • Charlotte: The Next Hedge Fund Hotspot?

    July 21, 2009

    Charlotte, N.C., is primed to emerge as a significant center for hedge funds.

  • Instrument Fund Seeks Family Office Money

    July 20, 2009

    Artist Rare Instrument Fund, a New York-based firm, has set up a private equity fund to invest in rare violins, violas and cellos.

  • Convertible Arbitrage Sparks Stellar First Half Hedge Fund Returns

    July 20, 2009

    Hedge funds had the best half year since 2000, up a rollicking 8.94% through June.

  • India’s JM Financial Preps Infrastructure Fund

    July 20, 2009

    Indian financial services firm JM Financial plans to introduce a private equity infrastructure fund, Reuters report.

  • PE Firms, Banks Back EU Rules

    July 20, 2009

    The European Union’s financial regulations have been supported by six European trade groups representing exchanges, banks, private equity firms and accountants, Bloomberg reports.

  • Centaurus Invests In Event-Driven HF

    July 20, 2009

    Hedge fund firm, Centaurus Capital, has invested in a new fund backed by the firm’s partners, Reuters reports.

  • Jabre Changes Redemption Period

    July 20, 2009

    Swiss hedge fund firm, Jabre Capital Partners, has reduced the redemption time for investors from one of its funds, by two months, Financial News reports.

  • Court Grants Bail To Illinois HF Manager

    July 20, 2009

    A federal judge in Minnesota has granted $1.5 million bail to Illinois hedge-fund manager, Gregory Bell, Chicago Tribune reports.

  • Fortress Hires Ex-Fannie Head As Chief

    July 20, 2009

    Private equity firm Fortress Investment has appointed board member Daniel Mudd as chief executive officer, effective Aug. 11.

  • Court Sentences Mass. Hedge Fund Manager

    July 20, 2009

    Massachusetts-based hedge fund manager, Michael Tom, has been sentenced to a year and a day in federal prison, Reuters reports.

  • Quadrangle Loses Maxim To Cerberus

    July 20, 2009

    Hedge fund firm, Quadrangle’s founder, Steve Rattner, has lost his control over lad magazine, Maxim, New York Post reports.

  • Ferro Mulls Sector FoFs

    July 20, 2009

    Ferro Capital, the New York- and Frankfurt-based fund of hedge funds firm, is considering launching more sector-focused offerings and is waiting until it is confident of ongoing stability in the markets before making its move.

  • Signina Eyes Onshore Money

    July 20, 2009

    Signina Capital plans to launch an onshore version of its short-term interest rate strategy.

  • Dutch Index-Tracking Fund In The Works

    July 20, 2009

    Finles Capital Management in Utrecht is planning to launch a fund that will track the performance of its Dutch hedge fund index.

  • One Year Ago In Alternative Investment News

    July 16, 2009

    ING Investment Management sought a global head of alternative investments to be based in either New York or London...

  • "At the moment [...] we could all make more money by going and doing something else."

    July 16, 2009

    --Gerald Holtham, founder of sub-scale global macro shop Cadwyn Capital, on his need to secure several large allocations from investors.

  • Alternatives Manager Search Directory

    July 16, 2009

  • Mandate Scoreboard

    July 16, 2009

  • Performance Snapshot: Long/Short equity hedge funds

    July 16, 2009


 

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