Stories

  • SEC Starts Action On Cherry-Picking Allegations

    August 21, 2009

    The Securities and Exchange Commission has launched an administrative proceeding against James Dawson, the investment adviser to the Victoria Investors hedge fund and to individual clients, alleging that he engaged in cherry-picking.

  • Knoxville To Add Energy, Commodities

    August 21, 2009

    The $394 million Knoxville City Employees Pension Fund has carved out a new 5% allocation to energy and commodities.

  • Focus Pitches HF Oversight Platform

    August 21, 2009

    Fund of hedge funds firm Focus Investment Group is marketing its VIDRIO Financial Ltd., a wholly-owned subsidiary, to institutional investors to provide transparency and better monitor underlying managers.

  • Philadelphia Eyes PPIP

    August 21, 2009

    The $3.5 billion Philadelphia Public Employees Retirement System is considering investing in the Public-Private Investment Program.

  • Attalus Adds To Client Services

    August 21, 2009

    Ronald Ernst and Stephen Simpkin have joined Attalus Capital as directors in client services.

  • Korean Corp. Starts Alts Investments

    August 21, 2009

    The Korea Investment Corp., with assets totalling around $22 billion, has kicked off its external alternatives investments by appointing Partners Group for a $100 million private equity mandate.

  • Standard Bank To Roll Out African Equity Plays

    August 21, 2009

    South Africa's Standard Bank is preparing to offer total return swaps and reverse convertibles in Zimbabwe and Mauritius, aimed at hedge funds in Europe and South Africa.

  • Macquarie, China Everbright To Create Funds

    August 20, 2009

    The Macquarie Group and China Everbright have joined forced to start two funds with a total fundraising target of $1.5 billion for infrastructure projects, The New York Times reports.

  • Hedgies Short On Volkswagen Shares

    August 20, 2009

    Hedge funds have raised their bets on a fall in voting shares in Volkswagen (VW) since mid-July, The Wall Street Journal reports.

  • Investcorp Posts Loss Due To HFs

    August 20, 2009

    London- and Bahrain-listed Investcorp has reported its first ever annual loss after it suffered big declines on its hedge fund investments, The Wall Street Journal reports.

  • Ex-Lehman Banker Raises $35M HF

    August 20, 2009

    Former Lehman Brothers Holdings banker, Edward Filippi, has raised $35 million for a hedge fund, Bloomberg reports.

  • BlackRock Changes BGF Fund Managers

    August 20, 2009

    BlackRock has altered the manager lineup on its BGF fund range, Citywire reports.

  • The University Funds Names President

    August 20, 2009

    The University Funds has appointed Cliff Monlux as president and managing board member.

  • HF Bets Big On NatGas Price Rise

    August 20, 2009

    An undisclosed hedge fund has made a large bet that natural gas prices will triple by winter, Financial Times reports.

  • KPS Seeks $800M Top-Up For PE Fund

    August 20, 2009

    New York-based KPS Capital Partners is looking to raise $800 million for increasing the buying power of its third fund, The Wall Street Journal reports.

  • WL Ross Appoints Ex-FHFA Chairman

    August 20, 2009

    James Lockhart has been appointed as the vice chairman of distressed investment firm, WL Ross, Financial Times reports.

  • Music Fund Targets Delayed Second Close

    August 20, 2009

    First State Media Group plans the second close of its FS Media Works Fund I in October.

  • Dutch Platform Plots Expansion, New Base

    August 20, 2009

    IMQubator Investment Management, the incubation business established last year by Holland Financial Centre to encourage more startup managers to set up shop in The Netherlands, is planning to make up to five more seedings by year’s end.

  • Reform No Downer To Healthcare Fund

    August 19, 2009

    Despite concerns amongst healthcare investors about the Barack Obama Administration's plans for reforming U.S. healthcare, Broadfin Capital Founder Kevin Kotler sees an abundance of opportunities.

  • Shah Capital Fund Buys Stake In HK Firm

    August 19, 2009

    Shah Capital Fund has become one of the largest institutional investors in Hong Kong-based Symphony Holdings, a marketer, licensor and licensee of sports and recreation footwear and apparel.

  • Dawson-Herman Closes Southport Funds

    August 19, 2009

    Dawson-Herman Capital Management CEO Russell Herman has closed his fund after heavy losses in 2008 and differences with the Founder Jonathan Dawson, The New York Times blog DealBook reports.

  • Blackstone In Talks For British Land Stake

    August 19, 2009

    Blackstone is in exclusive discussions with British Land to acquire a 50% stake in an office development in London, Financial Times reports.

  • Cheyne Hires Morgan Duo For Equity HF

    August 19, 2009

    Cheyne Capital Management has appointed two ex-Morgan Stanley managers, Paul Ruddleston and Paul Keohane, as partners, Financial News reports.

  • RBC Capital Names Europe HF Sales Head

    August 19, 2009

    RBC Capital Markets has hired Marc Fleischman as a managing director and head of hedge fund sales for Europe.

  • ECVA Notes Pvt. Equity Investment Drop

    August 19, 2009

    In the second quarter of 2009, the number of companies receiving private equity investment dropped by 8%, compared with the quarter before, while the amount invested fell by 16% to EUR3.9 billion, according to data from European Private Equity and Venture Capital Association (ECVA).

  • Brookfield AM Boosts London PE Team

    August 19, 2009

    Brookfield Asset Management has added five executives to its London-based global private equity institutional relationships team.

  • Westrock Hires HF Vets For New Units

    August 19, 2009

    Two hedge fund veterans have joined broker-dealer firm, Westrock Group.

  • Veritas Pushes Asia Fund

    August 19, 2009

    Veritas Asset Management wants to gradually grow its $180 million Real Return Asia Fund to $500 million.

  • MKP Plots CTA Asset Boost

    August 19, 2009

    MKP Capital is making a move to increase assets for its CTA fund, and plans to hire a marketer to focus solely on this strategy.

  • Jo’burg Firm Puts Launches On Ice

    August 19, 2009

    Gondo Capital has delayed two fund launches indefinitely because it does not have the internal resources to expand its range so quickly

  • Asian Hedge Funds Gain In Q209

    August 18, 2009

    Rebounding Asian equity markets helped Asian hedge funds post their strongest performance in almost 10 years, according to new data from Hedge Fund Research.

  • Skandia Platform Offers Liontrust Fund

    August 18, 2009

    Liontrust Asset Management has given Skandia exclusive rights to link to its European Absolute Return fund in the U.K., Financial Times reports.

  • Henderson Invests In Polar Tech Fund

    August 18, 2009

    Henderson New Star’s fund of funds director has added technology exposure to his multi-manager funds, Financial Times reports.

  • Coller, HarbourVest Eye 3i Portfolio

    August 18, 2009

    3i is in exclusive talks to sell a portfolio of 36 European venture capital investments to a consortium for over £100 million, Financial Times reports.

  • Hermes Fixed Income Team Adds Economist

    August 18, 2009

    Hermes Fund Managers has appointed Neil Williams as chief economist for the fixed income team.

  • Lansdowne, Tudor, SAC Halt Subscriptions

    August 18, 2009

    Four large hedge funds have stopped taking money for flagship portfolios, which they had re-opened for new assets this year, Financial News reports.

  • NGP Energy Closes PE Fund At $348M

    August 18, 2009

    NGP Energy Technology Partners has raised $348 million for its second energy fund, NGP Energy Technology Partners II, exceeding its $300 million target.

  • Citadel Plans Leveraged Loan Trading Unit

    August 18, 2009

    Citadel Investment Group is hoping to launch a leveraged-loan-trading unit, a person familiar with the matter told Bloomberg.

  • KKR Marks Up Dollar General, HCA

    August 18, 2009

    KKR’s Amsterdam-listed fund has written up the value of its investments in two portfolio companies, Reuters reports.

  • Ex-Farallon Staffer Starts Own Firm

    August 18, 2009

    Ryan Schaper, who previously managed a portfolio at Farallon Capital Management, has formed Point Lobos Capital in San Francisco. He is preparing to launch Point Lobos Partners, a long/short equity strategy, by November at the earliest.

  • Hong Kong Fund Long Aussie Ag

    August 18, 2009

    Hong Kong-based The Pacific Group’s Greater Asian Hedge Fund, an equity long/short strategy with a macro overlay, is up 26.41% this year through July 31.

  • CTA Firm Ups Transparency To Broaden Appeal

    August 18, 2009

    New York’s Systematic Alpha Management has taken steps to cater for the demands of more cautious investors by increasing the transparency of its offshore Systematic Alpha Futures Fund and adding a second independent director to the fund.

  • Dutch Startup Eyes Sustainable Fund Range

    August 18, 2009

    Roodhals Capital, the Amsterdam shop focused on sustainable investing which kicked off last month with EUR25 million from IMQubator Investment Management, may launch additional strategies once its fledgling Branta Solutions Fund is better established.

  • Deutsche Bank Adds To Sales Team

    August 18, 2009

    Deutsche Bank has added Ryan Burnett to its global prime finance sales team in Europe.

  • N.C. Firm Preps Equity Vol Arb Fund

    August 18, 2009

    Charlotte Global Advisors, a startup boutique founded by two Wachovia veterans, is working on its first hedge fund.

  • Greylock’s Flagship Up 39% Due To LatAm Exposure

    August 17, 2009

    New York-based Greylock Capital Management’s flagship fund is up 39% this year through July 31, largely due to the fund’s investments in Latin America.

  • BlackRock HF Adds Five Short Positions

    August 17, 2009

    The managers of the BlackRock U.K. Absolute Alpha fund are shorting companies with low capital ratios, Financial Times reports.

  • Man Group Exits MF Global

    August 17, 2009

    London hedge fund manager, Man Group, is disposing its remaining 18.6% stake in MF Global, Financial Times reports.

  • Blacksquare Plans Absolute Return FoF

    August 17, 2009

    Alternative asset manager, Blacksquare Capital, is planning to launch a fund of absolute return funds, Citywire reports.

  • ING Pulls Back €1B Infra Fund

    August 17, 2009

    Dutch insurer, ING, has withdrawn its €1 billion European Infrastructure Fund (EIF), Independent reports.

  • Mass. Refuses Fairfield Greenwich Offer

    August 17, 2009

    Massachusetts has rejected an offer by Bernard Madoff’s feeder fund to repay $6 million to investors who lost money in the Madoff fraud, The Wall Street Journal reports.

  • Madoff Feeder To Sell HF Assets

    August 17, 2009

    Bernard L Madoff Investment Securities feeder fund, Tremont Group Holdings, has struck a deal to sell off most of its remaining hedge fund assets, people familiar with the matter told The Wall Street Journal.

  • Soros Cuts Petrobras Stake

    August 17, 2009

    Billionaire investor, George Soros, has reduced his stake in its largest holding, Petrobras, in the second quarter, Bloomberg reports.

  • Citadel Hires Citi Banker

    August 17, 2009

    U.S. hedge fund, Citadel, has appointed ex-Citigroup banker, Craig Stine, source familiar with the matter told Reuters.

  • Deutsche Bank Vets Readying Advisory

    August 17, 2009

    Christopher Rough and Paul Phillips, two longstanding senior Deutsche Bank corporate finance staffers, have teamed up with Shamil Chandaria--former head of the bank's structured capital markets business and now chairman of London hedge fund firm Ocean Capital Associates--to form Londinium Capital Partners.

  • Former UBS Execs Start Japan Fund

    August 17, 2009

    Koichiro Yamaguchi and Tetsuya Hamano, both previously at UBS Securities Japan, have formed Akito Capital in Tokyo and launched its maiden fund.

  • Assenagon Plots Credit-Linked Fund

    August 17, 2009

    Munich-based Assenagon Asset Management is planning to launch a credit-linked fund in October.

  • Short Biased Comes up Short

    August 17, 2009

    Rallying equity markets and a positive monthly return for the hedge fund composite index spelled bad news for short-biased strategies in July.

  • German Shop Makes First Institutional Push

    August 17, 2009

    Frankfurt- and Zurich-based Nauerz & Noell is marketing its U.S. long/short equity fund to institutional investors for the first time.

  • Former UBS Lev Fin Head Heads To Knighthead

    August 14, 2009

    Ed Massaro, former global head of leveraged finance at UBS, has joined hedge fund Knighthead Capital as head of business development and marketing.

  • Long-Only Dominates July Hedge Fund Activity

    August 14, 2009

    Long-only hedge fund strategies posted the best returns among the asset class in, according to data in a report published by Lipper Global, Reuters reports.

  • Probitas Appoints London Duo

    August 14, 2009

    Alternative investments firm, Probitas Partners, has hired James Coleman and Vincent le Hodey, as managing directors in its London office, HedgeFund.net reports.

  • RCM Plans Euro Absolute Return Fund

    August 14, 2009

    RCM, a unit of Allianz Global Investors, is planning to launch a new European absolute return fund, Citywire reports.

  • Cazenove Plans U.K. Absolute Fund

    August 14, 2009

    Cazenove is planning to roll out an Absolute U.K. Dynamic fund, Fund Strategy reports.

  • Graphite Seeks £35 PE Fund Top Up

    August 14, 2009

    U.K. private equity firm, Graphite Capital, has asked investors to top up its existing buyout fund, Reuters reports.

  • Ex-Microsoft Exec Joins VC Firm

    August 14, 2009

    Seattle-based Madrona Venture Group has hired Brian McAndrews as managing director, The Wall Street Journal reports.

  • Ex-Barclays Banker Debuts Hedge Funds

    August 14, 2009

    Ben Axler, a former investment banker at Barclays and Credit Suisse First Boston, has set up a hedge fund firm in New York, Hedge Fund reports.

  • Citadel Cuts E*Trade Stake

    August 14, 2009

    Citadel Investment Group has sold 13.9 million shares of E*Trade Financial and has plans to sell more, The Wall Street Journal reports.

  • Warburg Pincus Adds MD, Senior Advisor

    August 14, 2009

    Private equity firm Warburg Pincus has appointed Alain Belda as a managing director and Harald Joos as a senior advisor.

  • Blackstone Plans China PE Fund

    August 14, 2009

    The Blackstone Group inked a memorandum of understanding with the newly-created government of China’s Pudong New Area, on Aug. 14.

  • LionRock Eyes Family Offices, Endowments

    August 14, 2009

    Hari Kumar, co-founder of Singapore-based LionRock Capital, has begun approaching investors for its recently launched LionRock Master Fund.

  • "We will respond aggressively. This isn't over."

    August 13, 2009

    --Milton (Todd) Ault, who denies claims being made by a dozen hedge funds, which are suing him for allegedly spending their money on porn and a swingers' ranch.

  • Alternatives Manager Search Directory

    August 13, 2009

  • Mandate Scoreboard

    August 13, 2009

  • Performance Snapshot: funds of hedge funds

    August 13, 2009


 

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