Stories

  • Japan’s OGI Preps Macro Fund

    September 03, 2009

    Japanese hedge fund OGI Capital Partners plans to nearly double in size through the creation of a global macro hedge fund, Bloomberg reports.

  • BlueMountain Hires For Credit Research

    September 03, 2009

    BlueMountain Capital Management has added four analysts to its fundamental credit research team, HedgeWeek reports.

  • Rothschild Plans €500M Investment Fund

    September 03, 2009

    Rothschild is planning to start a €500 million investment fund and has hired David de Rothschild’s son as Chairman, Bloomberg reports.

  • Tisbury To Launch $750M HF

    September 03, 2009

    Mayfair-based hedge fund manager, Tisbury Capital, is planning to launch a new fund, Times Online reports.

  • Man Group Adds Capital Protected Line

    September 03, 2009

    Man Group has introduced its first capital protected product, Man Directional, to offer investors access to directional investment managers, Trade Arabia reports.

  • SEC Staff Missed Madoff Warning Signs

    September 03, 2009

    The Securities and Exchange Commission is said to have missed several chances to uncover Bernard Madoff’s Ponzi scheme, according to a report from Inspector General H. David Kotz.

  • Cerberus Announces Lock-Up For Two Funds

    September 03, 2009

    New York-based Cerberus Capital Management is barring investors in two new hedge funds from withdrawing money for three years, Financial Times reports.

  • Cincinnati Plots Shift To Long/Short

    September 03, 2009

    The $1.9 billion Cincinnati Retirement System voted to shift as much as $190 million out of domestic equities and into long/short strategies at a meeting Aug. 6.

  • Tennessee Consolidated Starts PE Investing

    September 03, 2009

    Trustees of the $28 billion Tennessee Consolidated Retirement System approved its first private equity commitments of $150 million.

  • Dutch Shop Profits From Industrial Short

    September 03, 2009

    Antaurus Capital Management, an Amsterdam long/short equity boutique run by a group of former Petercam Bank staffers, has closed its short position in Belgian industrial conglomerate Punch International, reaping substantial profits from the play.

  • Asian Funds Eye TWD/JPY Trades

    September 03, 2009

    A number of Hong Kong-based hedge funds have been executing trades on the Taiwanese dollar/yen cross, according to a fund salesman in the region.

  • Funds Sell Vol Ahead Of U.S. Payroll

    September 03, 2009

    Hedge funds and some corporates have been selling one-week volatility on U.S. dollar currency pairs and buying calls of the same tenor, expecting that vol will fall following the release of U.S. non-farm payroll data on Friday.

  • UBS Ramps Up Hedge Fund Credit Sales

    September 03, 2009

    UBS has hired a raft of credit cash and derivatives salespeople focusing on hedge funds in Europe.

  • DIC Names CEO, Promotes PE Arm Chief

    September 02, 2009

    Dubai International Capital (DIC) has named two persons to senior management roles, Bloomberg reports.

  • China Development Stars $5B PE Unit

    September 02, 2009

    State-owned China Development Bank (CDB) has established an investment unit with 35 billion yuan ($5.1 billion) in registered capital, with a focus on private equity deals, Reuters reports, citing China’s official Financial News.

  • S’Pore’s Opvs Launches Credit Fund

    September 02, 2009

    Singapore-based Opvs Group launched its Fundamental Asian Credit Fund (FAC) and has begun investing.

  • HSBC Unit Sees $4B HF Withdrawals

    September 02, 2009

    Investors have pulled out over $4 billion from the hedge fund portfolios of HSBC’s Geneva unit, in the first half of the year, Financial Times reports.

  • Gresham PE Appoints New Partner

    September 02, 2009

    Gresham Private Equity has appointed Anthony Bull as a partner in its London-based investment group, AltAssets reports.

  • BC Partners Inks €500M Healthcare Deals

    September 02, 2009

    BC Partners has acquired 40% of Germany’s Synlab and 100% of Austria’s FutureLAB for €500 million, The Wall Street Journal reports.

  • Cerberus Clears Air About Fund Rumors

    September 02, 2009

    Cerberus Capital Management shot back after media reports suggested that some of its hedge funds are nearing default after enduring losses and redemptions, Reuters reports.

  • Och-Ziff, Bain To Levy Performance Fee

    September 02, 2009

    Hedge funds Och-Ziff Capital Management Group and Bain Capital are planning to charge performance fees next year, even if they fail to recover 2008 losses, Bloomberg reports.

  • Zell Plans $625M Distressed Fund

    September 02, 2009

    Distressed investor, Sam Zell, is seeking to raise a $625 million private equity fund, Bloomberg reports.

  • Khosla Raises $1B For Two Funds

    September 02, 2009

    Khosla Ventures has raised over $1 billion for investments, The Wall Street Journal reports.

  • Quilvest Liquidating Multi-Strat FoFs

    September 02, 2009

    Quilvest Switzerland, which runs $6 billion for family offices and wealthy individuals, is turning away from multi-strategy funds of hedge funds in favour of portfolios dedicated to long/short equity.

  • DnB NOR Makes Single-Manager Move

    September 02, 2009

    DnB NOR Asset Management, Norway's largest investment management firm with around $100 billion in assets, intends to launch two single-manager hedge funds and has plans for others.

  • Martin Currie Looks To Double Assets By 2012

    September 02, 2009

    Martin Currie has added two new members of staff to its growing hedge-fund business.

  • Asia’s Sparx To Open Macro Fund

    September 01, 2009

    Asia’s biggest hedge fund firm, Sparx Group will open its first global macro hedge fund to new investors as it aims to return to profit after the firm posted its first annual loss in 20 years, Bloomberg reports.

  • London Mayor Seeks To Guard Hedge Funds

    September 01, 2009

    The Mayor of London, Boris Johnson, is seeking to protect the U.K.’s hedge fund and private equity industry from European regulation, The Telegraph reports.

  • Wendel Posts €960M Net Loss In H1

    September 01, 2009

    French private equity firm Wendel has posted a net loss of €960 million in the first six months of 2009, Financial Times reports.

  • Gartmore Defers Fund Merger To Nov

    September 01, 2009

    The proposed merger of two Gartmore funds is not expected until the end of November, Financial Times reports.

  • BarCap May Split PE Unit Assets

    September 01, 2009

    Barclays Capital is planning to split the assets of its private equity division, Barclays Private Equity (BPE), The Telegraph reports.

  • Calyon Hires Balyasny Portfolio Manager

    September 01, 2009

    Pharmaceutical industry analyst, David Maris, has join Calyon Securities from hedge fund Balyasny Asset Management, DealBook reports.

  • Citadel Ends E*Trade Stock Sale Plan

    September 01, 2009

    Hedge fund firm, Citadel Investment, has terminated its plan to sell up to 120 million E*Trade Financial shares, The Wall Street Journal reports.

  • HF Exec Faces Charges In Petters Case

    September 01, 2009

    Federal prosecutors have accused an Illinois hedge fund employee of helping to defraud investors connected to Tom Petters, Star Tribune reports.

  • KKR May Lead TCW Group Restructuring

    September 01, 2009

    Kohlberg Kravis Roberts is among a group of unnamed private equity firms that might be eyeing TCW Group for a buyout, sources told New York Post.

  • Jefferies To Hold Inaugural Emerging Managers Event

    September 01, 2009

    Jefferies Group will be holding an event for emerging managers on Sept. 16 in New York.

  • Finnish Firm Winds Down Two FoFs

    September 01, 2009

    Helsinki hedge fund firm RAM Partners has removed two of its funds of funds from the Nordic Hedge Fund Index and is in the process of shutting them down.

  • IMQubator Goes After Pension Money

    September 01, 2009

    Dutch incubation business IMQubator Investment Management is starting to approach pension funds.

  • London Firm Cuts Fees

    September 01, 2009

    Prodigy Capital Partners has lowered the charges on its long/short emerging-markets fund to a 1% management fee and 15% performance fee, from 1.5/20.

  • Nebraska To Make Hedge Fund Debut

    September 01, 2009

    The University of Nebraska Foundation is planning its first foray into hedge funds.

  • Nordic Hedgies Continue To Gain

    August 31, 2009

    Nordic hedge funds continue their positive performance in July, with the Nordic Hedge Fund Index (NHX) up 1.29% in July, partially thanks to an equity market rally, Hedge Nordic reports.

  • ATP PEP Relocates Partners

    August 31, 2009

    ATP Private Equity Partners has relocated Susanne Forsingdal as the partner of the firm’s U.S. office, Alt Assets reports.

  • BlueCrest Ups Salaries Amid Revenue Rise

    August 31, 2009

    London-based BlueCrest Capital Management nearly doubled the pay for its employees in 2008, Financial Times reports.

  • SAC Hires London Manager

    August 31, 2009

    SAC Capital has hired Muhammed Yesilhark as portfolio manager from rival, York Capital, Financial News reports.

  • Advent Adds Operating Partner

    August 31, 2009

    Private equity house Advent International has named Nance Dicciani as an operating partner.

  • Cerberus Eyes Distressed Assets

    August 31, 2009

    Private equity firm, Cerberus Capital Management, is planning to raise capital to acquire distressed companies and securities, Bloomberg reports.

  • Cerberus HFs Face Withdrawals

    August 31, 2009

    Investors in Cerberus Capital Management’s core hedge funds are seeking withdrawals, The Wall Street Journal reports.

  • Cowen Raises $250M To Top Up Fund

    August 31, 2009

    Cowen Healthcare Royalty Partners has raised more than $250 million for a top-up fund to increase the buying power of an existing fund, Financial Times reports.

  • Credit Suisse Eyes Mesirow FoF Biz

    August 31, 2009

    Credit Suisse is reportedly having acquisition talks with Chicago-based Mesirow Financial.

  • Rockledge Targets Family Offices

    August 31, 2009

    The Rockledge Group is in the process of putting together a survey for U.S.-based family offices as it targets these investors for the first time.

  • Brevan Howard Preps For India Investments

    August 28, 2009

    European hedge fund manager Brevan Howard Asset Management has established two Mauritius-based vehicles as a means to getting its flagship global macro fund access to India investments, The Wall Street Journal reports.

  • Henderson Revamps New Start Opps Trust

    August 28, 2009

    Henderson is planning to rebrand the New Star Financial Opportunities investment trust and change its investment policy, Financial Times reports.

  • Rockspring Plans £500M U.K. RE Fund

    August 28, 2009

    Rockspring Property Investment Managers is seeking to raise £500 million to buy real estate in the U.K., Bloomberg reports.

  • Ex-BVCA Chair To Run £125M North East Fund

    August 28, 2009

    Ex-Chairman of the British Venture Capital Association will head the £125 million North East ‘super fund’, The Telegraph reports.

  • London HF Gets $43.5M Settlement

    August 28, 2009

    London hedge fund, Regents Park Capital Management, has received a $43.5 million settlement from the fund’s former administrator, people familiar with the matter told Dow Jones Newswires.

  • Citadel Sells $423M Lehman Claim

    August 28, 2009

    Citadel Investment Group has sold its $423 million claim on Lehman Brothers’ assets to Credit Suisse, Reuters reports, citing a Bankruptcy court filing.

  • Blackstone Tops Hedge Fund Charts

    August 28, 2009

    Private equity firm Blackstone has reported strong performance in hedge fund portfolio dealings and become an industry leader, New York Post reports.

  • Paulson Buys 2% Citi Stake

    August 28, 2009

    Hedge fund manager John Paulson is said to have bought about 2% of Citigroup, sources told New York Post.

  • Oaktree: Golden Days For Deals Over

    August 28, 2009

    The best deals for buying distressed assets are over, Oaktree Capital Management Chairman Howard Marks told Reuters.

  • Hedge Funds Resume Hiring

    August 28, 2009

    Hedge funds and bank trading desks have started hiring again, Reuters reports, citing industry insiders.

  • Latin America Stays Strong

    August 28, 2009

    Nearly every strategy performed better in July than in June, but only two outperformed their own May performances: convertible arbitrage and Latin America.

  • Dallas Firm Preps Bank-Loan Fund

    August 28, 2009

    Newly-formed Three Seas Capital in Dallas is preparing to launch a syndicated senior-secured bank-loan fund.

  • "We used to think hedge fund managers were heroes, who would save us from all fates. It hasn't worked out that way."

    August 28, 2009

    --Anthony Gordon, principal asset allocator at the Gordon Family Office, which will launch a fund of mutual funds later this year.

  • Alternatives Manager Search Directory

    August 28, 2009

    The following directory includes search activity for the week.

  • Mandate Scoreboard

    August 28, 2009

    The table below shows new allocation commitments gained by alternative managers this year through August 26.

  • Performance Snapshot: Multi-strategy hedge funds

    August 28, 2009

    The table below displays some of this year's top performing multi-strategy hedge funds, according to data provided by Eurekahedge.


 

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