Stories

  • Chicago TPM To Focus On Emerging Managers

    August 28, 2009

    Justin Perun has formed Bull and Bear Capital, a third party marketing and investor relations firm in Chicago that focuses on emerging managers.

  • Swedish Firm Pushes Back FoF Plans

    August 28, 2009

    Stockholm boutique CB Asset Management has decided against launching a planned fund of hedge funds in the near term, in part because of disappointing performance and the recent backlash against funds of funds.

  • Insparo Hires Finance Manager

    August 27, 2009

    Hedge fund firm Insparo Asset Management has named James Gore as finance and operations manager, HedgeFunds.net reports.

  • UBP To Axe 10% Staff

    August 27, 2009

    Union Bancaire Privee is planning to reduce its workforce by 10% in 2009, Bloomberg reports.

  • Gottex Lowers Listed Product Fee

    August 27, 2009

    Fund of hedge fund, Gottex Fund Management, has reduced the fees for investors in its listed product, Financial News reports.

  • RBC Hires Hedge Fund Sales Head

    August 27, 2009

    RBC Capital Markets, the corporate and investment banking unit of Royal Bank of Canada, has tapped Marc Fleischman to be a managing director and head of hedge fund sales for Europe.

  • RREEF Alternative Hires Global CIO

    August 27, 2009

    RREEF Alternative Investments has appointed Kurt Roeloffs as global chief investment officer, Spokesman John Gallagher told Pensions & Investments reports.

  • HF Manager Owns Up To $44M Ponzi Scheme

    August 27, 2009

    A Beverly Hills hedge fund manager has pleaded guilty to running a $44 million Ponzi scheme, Bloomberg reports.

  • Aureos Raises $184M For LatAm PE Fund

    August 27, 2009

    Citadel Solutions has been named as the asset administrator for Lehman Brothers’ U.S. operations, Financial Times reports.

  • Citadel Unit To Manage U.S. Lehman Assets

    August 27, 2009

    Citadel Solutions has been named as the asset administrator for Lehman Brothers’ U.S. operations, Financial Times reports.

  • SEC Drops Action Against Amaranth

    August 27, 2009

    The U.S. Securities and Exchange Commission will not enforce any action against hedge fund, Amaranth Advisors, Bloomberg reports.

  • GLG Debuts Emerging Markets Ucits Funds

    August 27, 2009

    GLG Partners has launched three listed long/short Ucits III funds focused on the emerging markets and plans to roll out a fourth imminently.

  • Lightspeed Rapped With First Short-Sale Fine

    August 27, 2009

    The Securities and Exchange Commission has issued its first sanction for violating last year's emergency ban on short selling, fining and censuring Lightspeed Trading for allegedly conducting hundreds of short sales in willful violation of the ban.

  • Tennessee Scheme To Invest in Hedge Funds

    August 27, 2009

    The board of the $1.7 billion Metropolitan Government of Nashville and Davidson County Employee Benefit System has decided to carve out a first-time 10% allocation to hedge funds.

  • Temasek To Be More Active Shareholder

    August 26, 2009

    Sinapore’s sovereign wealth fund, Temasek Holdings, has voiced a commitment to actively engage with the companies it owns, The Telegraph reports.

  • HFs Quit U.K. Amid New Tax Rates

    August 26, 2009

    Several hedge fund managers and other financial-services professionals are exiting the U.K., following the country’s proposal to raise top personal tax rates to 51%, The Wall Street Journal reports.

  • Thames Rivers Hires Ex-Fidelity Manager

    August 26, 2009

    Thames River Capital has added Trygve Tøraasen to its European equities team, Fund Strategy reports.

  • Aviva Starts U.K. Absolute Return Fund

    August 26, 2009

    Aviva has entered the retail absolute return market, Financial Times reports.

  • Ex-PAI Partners President To Return

    August 26, 2009

    Former PAI Partners president, Amaury de Sèze, is likely to return to the French private equity firm, The Wall Street Journal reports.

  • Lighthouse Hosts Events Ahead of Program Launch

    August 26, 2009

    Lighthouse Financial unit Lighthouse Prime Services announced a series of impending events as part of its Capital Introduction Program.

  • Citadel To Drop Name From Division

    August 26, 2009

    Chicago hedge-fund firm, Citadel Investment Group, is dropping the name “Citadel” from one of its businesses, The Wall Street Journal reports.

  • EM Hedge Funds Top Q2 Performance

    August 26, 2009

    After a rocky 2008 with downward shifts, the emerging market hedge funds rebounded in the New Year, with the HFRI Emerging Markets Total Index gaining 18.92% for the quarter, according to new data from Hedge Fund Research.

  • Ex-Carlyle Exec Launches PE Advisory Firm

    August 26, 2009

    Carlyle Group’s former head of U.S. leveraged-finance, Michael Zupon, has launched an advisory firm focusing on private equity, three people familiar with the matter told Bloomberg.

  • HFs Hike Long Exposure, Abandon Financial Shorting

    August 26, 2009

    In a sign the market may be turning, hedge funds covered their shorts and increased their long positions, in the second quarter of 2009, according to the latest Goldman Sachs Hedge Fund Trend Monitor.

  • GAM Preps First Distressed FoF

    August 26, 2009

    GAM, which manages more than $16 billion in fund of funds assets, is preparing to roll out a distressed-focused fund of hedge funds on Sept. 1.

  • Law Firm Advises How To Look Buff

    August 26, 2009

    Jim Abbott and Craig Sklar, partners at U.S. law firm Seward & Kissel, are advising smaller or distressed hedge fund managers on how to make themselves attractive to potential buyers.

  • BlueGold Competitor Alleges Fund Is Becoming More Visible

    August 26, 2009

    A London hedge fund manager has told AIN he believes that positions taken by BlueGold Capital Management’s $1.5 billion BlueGold Capital Management Fund have become visible in the marketplace due to their size, though the fund itself couldn’t disagree more.

  • Asia Specialist Brings In Hired Guns

    August 26, 2009

    Asia-focused hedge fund boutique Prodigy Capital Partners has appointed four marketers on a consultancy basis to raise assets, primarily for the London firm’s soon-to-launch Ucits-compliant offering.

  • Differentiation Critical To Successful Fundraising

    August 26, 2009

    Differentiation from peers is more important today than ever for hedge fund managers. At least that's the view of Edgar Senior, head of global capital services at Credit Suisse.

  • Charlotte Firm Sees Light At End Of Tunnel

    August 26, 2009

    Despite skepticism of the recent rally, Lonny Bernath, founder of Charlotte, N.C.-based Headline Capital Management, is optimistic.

  • SIM Plans Junior Mining Fund

    August 25, 2009

    Sector Investment Managers (SIM) is launching a junior mining fund on Sept. 1, Financial Times reports.

  • Skype Founders Start Euro VC Firm

    August 25, 2009

    The founders and early employees of Skype have set up Atomico Ventures to invest in start-ups, The Wall Street Journal reports.

  • TCI Allows 20% Withdrawals From Fund

    August 25, 2009

    U.K. activist hedge fund firm, The Children's Investment Fund Management (TCI), is allowing clients to withdraw some money from its fund, Financial News reports.

  • Jaffe Seeks SEC, Picard Suits Dismissal

    August 25, 2009

    Cohmad Securities’ vice president, Robert Jaffe, has asked judges to dismiss the Securities and Exchange Commission (SEC) and Irving Picard’s lawsuits against him, The Wall Street Journal reports.

  • Goldman Cuts Infra Fund Carry To 10%

    August 25, 2009

    Goldman Sachs will reduce the carried interest rate on its second infrastructure fund to 10% from 20%, two people familiar with the matter told LBO Wire.

  • Carlyle Names Leveraged Finance Head

    August 25, 2009

    The Carlyle Group has appointed Debra Pedersen managing director of global leveraged finance.

  • Citadel Files Lehman Claim Over Deriv. Contracts

    August 25, 2009

    Citadel Investment Group has filed a claim to try and recover $470.5 million it believes it is owed from derivatives contract tied to Lehman Brothers Holdings, before the firm failed, The Wall Street Journal reports.

  • Gordon FO Readies Fund of Mutual Funds

    August 25, 2009

    New York-based Gordon Family Office will launch a fund of mutual funds later this year.

  • N.C. Firm Goes Long Bonds, Short CDS

    August 25, 2009

    Durham, N.C.-based Tiden Capital is long corporate bonds and short credit-default swaps.

  • Omega Targets Spain And Beyond

    August 25, 2009

    Omega Asset Management, the $700 million fund of funds firm, is trying to rebuild following a decline from almost $2 billion.

  • M&A Hindered By Clash Of Valuations

    August 25, 2009

    John Godden, managing partner at IGS Group, believes the biggest impediment to fund of hedge fund mergers is the valuation disparity between buyers and sellers.

  • GLG Debuts Emerging Markets Ucits Strats

    August 25, 2009

    GLG Partners has launched three listed long/short Ucits III funds, all focused on the emerging markets.

  • Raleigh Firm Likes Oil, Steel

    August 25, 2009

    Raleigh, N.C.-based Belltower Advisors, which manages a long/short equity commodities-focused strategy, is bullish on U.S. oil companies and Chinese and Indian steel companies.

  • Beltone PE, Kenana Plan $1B Infra Fund

    August 24, 2009

    Beltone Private Equity and Sudan’s Kenana Sugar have partnered to set up a $1 billion fund, Reuters reports.

  • Asia’s Abax Preps PE Fund

    August 24, 2009

    Hong Kong-based hedge fund manager Abax Global Capital plans to start a private equity fund in China that will invest in companies developing environmentally friendly products, such as clean energy, Bloomberg reports.

  • Credit Suisse Hires For Alts Push

    August 24, 2009

    Credit Suisse has appointed David Boal to drive its alternative assets offering in the institutional market, Financial News reports.

  • Alliance Plans Euro Long/Short Fund

    August 24, 2009

    Allianz Global Investor will launch a pan-European long/short equity fund in October, Investment Week reports.

  • PAI Partners CEO Exits In Reshuffle

    August 24, 2009

    French private equity group, PAI Partners, is losing two senior executives, including Chairman and CEO, Dominique Mégret, Financial Times reports.

  • Baseball Star To Become Hedgie

    August 24, 2009

    Todd Stottlemyre, the former major league baseball player and the son of ex-Yankees player Mel Stottlemyre, is planning to shift to the hedge fund sector, New York Post reports.

  • Cerebus’ To Weather Hedge Fund Redemptions

    August 24, 2009

    Clients of Cerberus Capital Management’s hedge funds are seeking to withdraw their investments from the funds, people familiar with the matter told The Wall Street Journal.

  • Oaktree Fund Gains On Leveraged Loans

    August 24, 2009

    Oaktree Capital Management has reported gains by investing in the leveraged loan market, The New York Times blog Dealbook reports.

  • PwC Canada Faces Madoff Suits

    August 24, 2009

    Investors of a Bernard Madoff feeder fund are suing the Canadian unit of PricewaterhouseCoopers (PwC), The Telegraph reports.

  • Venus Seeks Sticky Money

    August 24, 2009

    Venus Capital Management is fundraising and primarily approaching pensions, endowments and foundations.

  • Stonehorse Seeks Entrepreneurial Money

    August 24, 2009

    Boston-based Stonehorse Capital Management is approaching entrepreneurial investors for its fund of emerging managers.

  • Credaris Cuts Credit Exposure

    August 24, 2009

    Credaris Portfolio Management is running less than half of its Credaris Credit Fund’s average level of risk.

  • Liechtenstein CTA Plots U.S. Move, Seeks Rainmaker

    August 24, 2009

    AIMhedge, a managed futures firm based in Liechtenstein that runs around $120 million for European investors, will make its first push for U.S. assets early next year.

  • Key Unveils Managed Futures FoF

    August 24, 2009

    Key Asset Management has launched a fund of CTAs at the request of a Scandinavian life company that wanted to diversify both its hedge fund and its long-only investments.

  • Japan Specialist Abandons Fund Resurrection Plans

    August 24, 2009

    John Aylott, the Japanese equity specialist who has spent the last few months looking for seed money with which to restart his hedge fund, has decided to call it a day.

  • GroFin Africa Fund Closes At $170M

    August 21, 2009

    GroFin has closed its GroFin Africa Fund at $170 million, exceeding a target of $150 million, AltAssets reports.

  • AIMA Backs FSA’s Directive Assessment

    August 21, 2009

    The Alternative Investment Management Association (AIMA) has released a statement noting that it supports the impact assessment of the European Commission’s draft directive on Alternative Investment Fund Managers commissioned by the Financial Services Authority.

  • Christie’s Cancels Art Fund Launch

    August 21, 2009

    Christie’s International has dropped its plans to launch an art investment fund and a separate-lending unit, Bloomberg reports.

  • Candover Alters Management, Structure

    August 21, 2009

    British private equity firm Candover Investments announced management changes and a better-than-expected performance for its investment portfolio, Reuters reports.

  • KKR Closes Euro Annex Fund

    August 21, 2009

    KKR has closed its second European annex fund at over €400 million, a source close to the company told Reuters.

  • E&Y Names Global PE Chief

    August 21, 2009

    Ernst & Young has appointed John Harley as global private equity head, Financial News reports.

  • Carlyle, KKR To Raise Yuan Funds

    August 21, 2009

    Private equity firms Carlyle Group and KKR are looking to raise yuan-denominated funds in China, people familiar with the situation told The Wall Street Journal.

  • Madoff-Linked HFs Ignore $231M Suits

    August 21, 2009

    Bernard Madoff’s trustee, Irving Picard, is seeking to file default notices against two offshore hedge funds, Bloomberg reports.

  • KKR’s Dollar General Plans IPO

    August 21, 2009

    KKR-owned Dollar General is planning to raise about $750 million in an all-stock initial public offering, Bloomberg reports.

  • Judge Dismisses Suit Against SAC Capital

    August 21, 2009

    A state court judge has dismissed Biovail’s lawsuit against hedge fund, SAC Capital Management, Bloomberg reports.

  • ALTERNATIVE VIEWPOINT: Unlike The Banks, Hedge Funds Will Evolve And Prosper

    August 21, 2009

    Banks are about as popular as politicians and estate agents.

  • "Hedge funds should have been praised for raising the alarm--not chastised for ringing the alarm bell of excess and greed."

    August 20, 2009

    --Ian Morley, founder of Wentworth Hall Consultancy, speaks up against the unfair treatment of hedge funds during the financial crisis.

  • Alternatives Manager Search Directory

    August 20, 2009

  • Mandate Scoreboard

    August 20, 2009

  • Performance Snapshot: Long/short hedge funds

    August 20, 2009

  • Hedge Fund Strategy Performance - July 2009

    August 20, 2009


 

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