Stories

  • Mahindra & Mahindra Forms PE House

    August 13, 2009

    Mahindra & Mahindra Vice Chairman and Managing Director Anand Mahindra told ET Now that a Mahindra Partners will handle new business opportunities for the group, VCCircle reports.

  • Two CP Eaton Euro Fundraisers Quit

    August 13, 2009

    Two capital raisers of CP Eaton in Europe, Anne Gales and Alex Walker, have left the firm, Private Equity Real Estate reports

  • Osmosis Hires Ex-Troika Sales Chief

    August 13, 2009

    Gerrit Heyns, ex-sales head at Russian investment bank Troika Dialog has joined Osmosis Capital as partner, Financial News reports.

  • Veritas To Raise $1.25B PE Fund

    August 13, 2009

    New York-based private equity firm, Veritas Capital, is raising up to $1.25 billion for its fourth fund, PeHub reports, citing a regulatory filing.

  • Amaranth To Pay $7.5M To Settle CFTC Case

    August 13, 2009

    Amaranth Advisors, a collapsed hedge fund, must pay a $7.5 million fine to settle a Commodity Futures Trading Commission complaint, The Wall Street Journal reports.

  • Blackstone To Offer Senior Notes

    August 13, 2009

    The Blackstone Group announced plans to offer senior notes of Blackstone Holdings Finance Co., its indirect subsidiary, subject to market and other conditions.

  • Paulson Buys Bank, Gold Shares

    August 13, 2009

    Hedge fund firm, Paulson & Company, has acquired about a 2% stake in Bank of America, Financial Times reports, citing a Securities and Exchange Commission filing.

  • TA Associates Closes $4B PE Fund

    August 13, 2009

    TA Associates has closed a $4 billion private equity fund called TA XI fund, exceeding its initial target of $3.5 billion.

  • Hedge Funds Sue Calif. Man For Putting Money Into Porn

    August 13, 2009

    Milton (Todd) Ault is being sued in Manhattan Supreme Court by a dozen hedge funds who are accusing him of diverting money which they believed was to finance a stock trading platform but instead they say went into porn and planning a swingers’ ranch in the Catskills, according to a report in Wednesday’s Daily News.

  • Bucks Picks Alts Manager

    August 13, 2009

    Partners Group has won an alternatives mandate worth up to £65 million from the £1.1 billion Buckinghamshire County Council Pension Fund.

  • German Firm Seeks CTA Seeders

    August 13, 2009

    Nauerz & Noell, a Frankfurt-based alternatives shop, is seeking lead investors for a new CTA fund focused on discretionary trading.

  • GLG Eyes Green Opportunities

    August 13, 2009

    GLG Partners has engaged Mercer to evaluate the extent to which climate change and other environmental issues are changing the focus of mainstream investing.

  • ADM To Raise €300M For Recovery Fund

    August 12, 2009

    Investment adviser, ADM Capital, is planning to raise €300 million for a recovery fund, AltAssets reports.

  • GLG Hires Ex-Merrill Equities Head

    August 12, 2009

    London hedge fund firm, GLG Partners, has hired Nick Judge, a former equities managing director at Merrill Lynch, as an asset manager, Financial Times reports.

  • Ackman Trims Target Stake

    August 12, 2009

    Hedge fund manager, William Ackman, has reduced his hedge fund’s stake in Target from 7.8% to 4.4%, Reuters reports.

  • DiPascali Pleads Guilty, Ordered To Jail

    August 12, 2009

    Bernard Madoff’s senior lieutenant, Frank DiPascali, has pleaded guilty to 10 criminal charges, Financial Times reports.

  • Fortress Warns Of Further Fees Delays

    August 12, 2009

    Fortress Investment Group has said some of its postponed fund management fees will get delayed further than expected, Reuters reports.

  • Citadel Snaps Up Ex-Dresdner Trading Head

    August 12, 2009

    Thomas Vergnaud, the former head of European equity derivatives single-stock trading at Dresdner Kleinwort in London, has joined Citadel Investment Group in a new role.

  • New England Fund May Axe Hedge Fund Managers

    August 12, 2009

    The $39.4 billion Massachusetts Pension Reserves Investment Management Board will evaluate its absolute return portfolio at its October meeting with an eye toward terminating some managers or cutting their mandates.

  • SDK Opens Fund To Outside Investors

    August 12, 2009

    Boston-based SDK Capital has opened up its maiden hedge fund to outside investors.

  • Former KBC Portfolio Manager Joins Gartmore

    August 12, 2009

    Robert Tull, former portfolio manager at KBC Alternative Investment Management in Hong Kong, has taken a similar role at Gartmore in Tokyo.

  • Jadeite Eyes Possible Hires

    August 12, 2009

    Jadeite Capital Global Advisors, the New York startup founded by Clay Finlay veterans Greg Jones and Robert Schletter, is likely to make several additions to its three-man team once its global long/short equity fund launches in the next few months.

  • BVCA To Ease Banks, PE Rift

    August 11, 2009

    The British Private Equity and Venture Capital Association (BVCA) is planning to introduce a code of conduct listing acceptable behaviors by early next year, The Wall Street Journal reports.

  • AnaCap Buys Cattles Unit For £70M

    August 11, 2009

    Private equity firm, AnaCap Financial Partners, is buying the invoice finance division of U.K. lender, Cattles, The Wall Street Journal reports.

  • Thames River To Launch Two Credit Funds

    August 11, 2009

    Thames River Capital is planning to launch two investment grade credit funds, Reuters reports.

  • DIC, Oaktree Drop Almatis Debt Proposal

    August 11, 2009

    Dubai International Capital and Oaktree Capital have called off their plan to join forces for restructuring indebted aluminum company, Almatis, Financial Times reports.

  • Opus Targets $250M For Second VC Fund

    August 11, 2009

    Opus Capital has launched its second fund, targeting $250 million with a $350 million hard cap, Pehub reports.

  • Domain Closes $500M VC Fund

    August 11, 2009

    Domain Associates has closed Domain Partners VIII, a $500 million venture capital fund dedicated to life sciences.

  • Dallas HF Firm Settles SEC Suit

    August 11, 2009

    Dallas-based hedge fund, Gryphon Advisors, has agreed to pay more than $770,000 to settle a Securities and Exchange Commission lawsuit, The Wall Street Journal reports.

  • Madoff Feeder Funds Sue Insurers

    August 11, 2009

    Tremont Group Holdings, along with other feeder funds, has sued a group of insurers for their inability to cover Bernard Madoff-related litigation, Bloomberg reports.

  • Watchdogs Flag Pequot Events, Alert Regulators

    August 11, 2009

    Exchange watchdogs made dozens of referrals to U.S. securities regulators about the hedge fund Pequot Capital Management, Securities and Exchange Commission chairman Mary Schapiro said in a letter Monday, Reuters reports.

  • Atticus To Liquidate Funds

    August 11, 2009

    Timothy Barakett, founder of Atticus Capital, will liquidate its Atticus Global Fund.

  • Tokyo Firm Goes Long Machinery, Transport Companies

    August 11, 2009

    Naoko Takemura, portfolio manager at Tokyo-based Moon Light Capital, has added metal product, machinery, transportation equipment and wholesale trade companies to the Moon Light SRI Long/Short Fund.

  • Walton Preps Unusual Real Estate Fund

    August 11, 2009

    Walton International Group is looking to raise between $50-$100 million for a real estate fund that will focus on pre-development land areas.

  • Tulare County May Nix Funds of Funds

    August 11, 2009

    The $800 million Tulare County (Calif.) Employees Retirement Association will discuss scrapping its fund of funds strategy at its board meeting this Wednesday.

  • Wermuth Seeks Bounce-Back With New Terms, Launches

    August 11, 2009

    Wermuth Asset Management, a redemption-stricken alternatives firm that has seen assets drop to $300 million from $1.5 billion, is restructuring its funds and plans to launch new strategies in an attempt to embrace current investor demands.

  • Legg’s Dublin Fund To Avoid Alts

    August 10, 2009

    Legg Mason’s Dublin-domiciled Capital Management Opportunity fund will not invest in the same alternative assets as the U.S. fund it mirrors, Financial Times reports.

  • Carlyle Faces Greek Buy Back Dispute

    August 10, 2009

    Carlyle Group is in a dispute with the ex-CEO of chemicals distributor Neochimiki, Financial Times reports.

  • Collins Plans Absolute Return FoF

    August 10, 2009

    Collins Stewart is looking to set up a fund of absolute return funds by the end of this year, Investment Week reports.

  • GLG Posts $24.4M Loss In Q2

    August 10, 2009

    GLG Partners has posted its second-quarter net loss at $24.4 million, as compared to a loss of $93.6 million last year, The Wall Street Journal reports..

  • Branson To Raise $400M For Green Fund

    August 10, 2009

    Richard Branson’s Virgin Green Fund will complete raising $400 million by its closing in September, The Independent reports.

  • Blackstone Criticizes FDIC’s Proposed Buyout Rules

    August 10, 2009

    The Federal Deposit Insurance Corporation’s proposed rules for buyout firms’ acquisition of controlling stakes in banks will “kill it for private equity,” said Blackstone president, Bloomberg reports.

  • Ex-Madoff CFO May Plead Guilty

    August 10, 2009

    Frank DiPascali, former finance chief at Bernard Madoff’s investment advisory business, is expected to plead guilty to fraud charges on Aug.11, The Wall Street Journal reports, citing court documents.

  • Oaktree, Alaskan Tribe Team Up For PPIP

    August 10, 2009

    Oaktree Partners has formed an alliance with an Alaskan tribe to gain from the government’s efforts to open the Public-Private Investment Program to minority businesses, The Wall Street Journal reports.

  • Hedge Funds Gain 3.37% In July

    August 10, 2009

    The Hennessee Group announced that the Hennessee Hedge Fund Index gained 3.37% in July, bringing its YTD return to 15.5%, compared with the S&P 500 gain of 7.41% (+9.32% YTD), the Dow Jones Industrial Average increase of 8.58% (+4.50% YTD), and the NASDAQ Composite Index boost of 7.82% (+25.46% YTD).

  • Hedge Funds Show Signs Of Stability

    August 10, 2009

    The hedge fund industry posted its fifth straight month of positive performance, with the HFRI Fund Weighted Composite Index gaining 2.42% in July, shifting YTD performance to 12.17%.

  • Lumina CIO Departs

    August 10, 2009

    Nathan Fischer, cio at the Lumina Foundation For Education, has left after spending seven-and-a-half years at the Indianapolis fund.

  • Copper Beech Founder Starts Again

    August 10, 2009

    Frank DeSantis, founder of the closed Copper Beech Capital Management, has regrouped and formed Cyprium Capital and is preparing to launch its maiden fund by October at the earliest.

  • Advisors Turning To Alts For Downside Protection

    August 10, 2009

    Advisors are increasingly turning to the alternative investment space to hedge their clients’ portfolios against a setback in the recovering equity market.

  • Dutch Firm Preps Diversified FoF

    August 10, 2009

    Finles Capital Management, a Utrecht-based firm with EUR175 million under management, is gearing up to launch its seventh fund of hedge funds, the Finles Diversified Fund, on Sept. 1.

  • LGT Sees Growth For China Fund

    August 10, 2009

    Swiss alternatives house LGT Capital Partners is beginning to see inflows to a China-focused fund of hedge funds, just over two years after it launched.

  • Abu Dhabi Bank Plans PE Foray

    August 07, 2009

    National Bank of Abu Dhabi is planning to foray into the private equity sector, Bloomberg reports.

  • CIC Guards Cash For Future Investments

    August 07, 2009

    China’s $200 billion sovereign wealth fund, China Investment Corp., said it has sufficient cash on hand to take advantage of investment opportunities that may surface this year, Reuters reports.

  • KKR German Music JV Plans $360M Buys

    August 07, 2009

    A joint venture between Bertelsmann and KKR is planning to spend $360 million to buy music rights within 1.5 years, Bloomberg reports.

  • HIG Capital Eyes Euro Distressed Assets

    August 07, 2009

    Private equity firm, HIG Capital, is looking to invest and help turn-around struggling companies, Reuters reports.

  • Brazilian Hedgies Rebound In July Via Inflows

    August 07, 2009

    Brazilian hedge funds lured about 8.2 billion reais ($4.52 billion) in July, the biggest monthly inflow in 2009, Bloomberg reports.

  • FRM To Invest In WestSpring’s Maiden Fund

    August 07, 2009

    Global fund of hedge funds firm FRM Capital Advisors said it will invest up to $60 million in WestSpring's first fund, Reuters reports.

  • Alnbri Sells HF To Woodward Alpha

    August 07, 2009

    Alnbri Management has sold its hedge fund to Woodward Alpha Management.

  • R2 Sues Icahn, XO Over Buyout Bid

    August 07, 2009

    R2 Investments has sued Carl Icahn and XO Holdings, Bloomberg reports. R2, holder of over 15 million shares of XO, accused the company’s board of rejecting offers from five bidders, which would have reportedly generated more value for minority shareholders than Icahn’s proposal.

  • Blackstone Posts Higher Q2 Profits

    August 07, 2009

    Blackstone reported second-quarter profits that increased from the first quarter of 2009, largely because of opportunities that arose from stock market rallies and the market for high yield debt.

  • Fortress Buys NY Condo Project

    August 07, 2009

    Alternative asset manager, Fortress Investment Group, has bought a New York condominium development project in a foreclosure auction, The Wall Street Journal reports.

  • Dexion Restructures FoF

    August 07, 2009

    Dexion Capital plans to change the focus of its London-listed fund of funds.

  • 2009 Not Trendy Enough for Global Macro

    August 07, 2009

    Global macro hedge funds had a disappointing first half, gaining just 2.8% while the composite index finished the same period up 8.97%, likely due to an absence of clear macro trends.

  • Martin Currie Japan Fund Awaits Election

    August 07, 2009

    Keith Donaldson, portfolio manager of Martin Currie’s $250 million long/short Japan-focused fund, believes the real uncertainty the fund currently faces is Japan’s forthcoming general election on Aug. 30.

  • Ex-Bear Bigwig Starts Trading At Capstone

    August 07, 2009

    Marjorie Hogan, who started the mortgage derivatives desk at Bear Stearns, has surfaced at New York volatility trading firm Capstone Holdings, where she recently began trading.

  • "These have been tough times and I felt I didn't have the economic stamina to keep on doing this for virtually no money."

    August 06, 2009

    --Henrik Asplund, co-founder of Sentat Asset Management, on the reasons behind bowing out of the boutique.

  • Mandate Scoreboard

    August 06, 2009

  • Alternatives Manager Search Directory

    August 06, 2009

  • Performance Snapshot: Global macro hedge funds

    August 06, 2009


 

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