Stories

  • Ex-Goldman Exec Joins Greylock

    September 11, 2009

    Diego Ferro, who oversaw Latin America fixed-income trading at Goldman Sachs, has joined Greylock Capital Management in New York.

  • Italian Regulator Guides On Redemptions

    September 11, 2009

    The Italian securities regulator Commissione Nazionale per le Società e la Borsa, or Consob, has released guidance for hedge funds of funds on suitable internal procedures for meeting redemption requests.

  • PE Group Calls For Fund Directive Revamp

    September 11, 2009

    The European Private Equity & Venture Capital Association has called on lawmakers to revise the proposed Alternative Investment Fund Managers Directive, which would impose higher standards on risks, liquidity and conflicts of interest, and would require managers to be authorized.

  • HF Trader Incubation Biz To Launch

    September 11, 2009

    A new incubation program is being developed to train and develop hedge fund traders.

  • Funds Hammered in FX Market

    September 11, 2009

    Hedge funds lost hundreds of millions of U.S. dollars last Tuesday on three-month and one-month double-no-touch options bought over the summer.

  • Ex-Korea SWF Chief To Start Hedge Fund

    September 10, 2009

    Guan Ong, former chief investment officer of South Korea’s sovereign wealth fund, is starting a hedge fund to trade Asian bonds that he predicts will benefit from a “period of economic uncertainty,” Bloomberg reports.

  • LMS Hires Ex-Blackstone Chairman

    September 10, 2009

    LMS Capital has named David Verey as a non-executive director, Reuters reports.

  • Hermes Alters FoHFs Fee Structure

    September 10, 2009

    Hermes Fund Managers has voluntarily modified its fee structure for its funds of hedge funds, Financial News reports.

  • Goldman RE Fund Invests In Euro Debt

    September 10, 2009

    Goldman Sachs’ private equity real estate fund group has invested in European debt, Financial Times reports.

  • Brevan Howard Hires Ex-Tudor Trader

    September 10, 2009

    Brevan Howard has appointed Mark Hillery as a partner, Financial Times reports.

  • Blackstone Hires Ex-JPMorgan Banker

    September 10, 2009

    New York-based private equity firm Blackstone has appointed Peter Cohen to the newly-created position of head of its global media advisory, Reuters reports.

  • Charlesbank Launches $1.5B Equity Fund

    September 10, 2009

    Boston-based Charlesbank Capital Partners has created an equity fund with $1.5 billion in capital commitments, Boston Business Journal reports.

  • JPMorgan Sets Up Prime Custody Unit

    September 10, 2009

    JPMorgan has launched a new unit that offers integrated prime brokerage and custody to hedge fund and long/short managers.

  • UBS To Earmark $35.5M For HF Case

    September 10, 2009

    UBS and UBS Securities have been asked by a U.S. judge to set aside $35.5 million to cover a judgment involving debt securities.

  • Carlson Capital Appoints Co-CIO

    September 10, 2009

    Dallas-based hedge fund Carlson Capital has named Jason Karp for the new position of co-CIO, Bloomberg reports, citing a letter to investors.

  • Third Avenue Adds Credit Fund

    September 10, 2009

    Third Avenue has started a new fund dubbed Focused Credit Fund based on the idea that better returns can be consistently realized via bottom-up, fundamental analysis and the ability to invest across the capital structure.

  • BlackRock, Speyers Face Stuy Town Loans

    September 10, 2009

    The owners of New York City housing complex Stuyvesant Town and Peter Cooper Village are said to be at risk at defaulting on a $4.4 billion in loans, with just $890 million set aside in reserve funds, The New York Times reports.

  • Entertainment Advisory Biz Debuts

    September 10, 2009

    Entertainment Capital Advisors (ECA) has been launched in London to advise companies looking to divest or acquire others in the entertainment sector.

  • CTA Fund Seeks Third Party Marketer

    September 10, 2009

    Lexington Asset Management is looking to sign on a third-party marketing firm.

  • Managers Turn To Cap-Intro Teams For Talent Introduction

    September 10, 2009

    Hedge fund managers are increasingly turning to cap-intro teams to introduce them to prospective employees.

  • 36 South Adds Head Of Sales

    September 10, 2009

    36 South, the London hedge fund that relocated from New Zealand four months ago, has hired Maya Abou Zeid as head of sales for the U.K. and EMEA—the eighth member of its team.

  • CIC Eyes Distressed U.S. Property

    September 09, 2009

    China Investment Corporation (CIC) is looking to invest in distressed U.S. real estate, sources told The Wall Street Journal reports.

  • Cazenove To Curb Inflows Into U.K. Fund

    September 09, 2009

    Cazenove is planning to cease further inflows into its newly-launched Absolute U.K. Dynamic Fund, after it raised about £100 million, Fund Strategy reports.

  • Gartmore Ups Absolute Return Fund Capacity

    September 09, 2009

    Gartmore has extended the capacity of its European Absolute Return fund by 70 million shares, Citywire reports.

  • SAC Rehires Two London HF Managers

    September 09, 2009

    SAC Capital Advisors has reappointed two fund managers after they were let go in November 2008, three people familiar with the matter told Bloomberg.

  • NewOak Names Client Development Head

    September 09, 2009

    NewOak Capital has appointed William Denton as managing director and head of client development for its integrated advisory, asset management and capital markets businesses.

  • Blackstone Among Investors In New JV

    September 09, 2009

    A unit of Blackstone and other investors are planning to invest up to $780 million in a company formed to acquire building material businesses.

  • Fairfield To Settle Mass. Suit

    September 09, 2009

    Fairfield Greenwich Group will pay $8 million to settle civil fraud charges filed by the Massachusetts Secretary of State, William Galvin, The Wall Street Journal reports.

  • KPS Capital Boosts Fund To $2B

    September 09, 2009

    Special situations private equity firm, KPS Capital Partners, has secured an additional $800 million for the final closing of its KPS Special Situations Fund III.

  • Stockholm Firm Mulls Combined Fund

    September 09, 2009

    Atlant Fonder, a hedge fund boutique focused on index options and futures plays, is looking at ways to offer a combined exposure to four of its five hedge funds.

  • Beacon Hires Hedge Fund Vet Weisberger

    September 09, 2009

    Beacon Capital Markets has hired former mortgage hedge fund manager David Weisberger as co-chief executive officer as the firm continues to expand its trading platform for illiquid mortgage-backed and asset-backed securities.

  • Platinum Grove Knocks Out Upfront Fee

    September 09, 2009

    Platinum Grove Asset Management, the hedge fund firm founded by Nobel Laureate Myron Scholes, has eliminated the 1% upfront charge on new allocations between now and April in favor of an "incentive high-water mark" that starts at 190%, according to an investor letter from Scholes obtained by AIN.

  • Pension Funds To Invest More In Alts

    September 09, 2009

    Pension plans are expected to put more money into alternatives strategies as they are poised to deliver strong returns when the market recovers, according to a Banc of America Securities-Merrill Lynch research report.

  • Millennium Teams Up With Deutsche For Ucits Launch

    September 09, 2009

    Millennium Global Investments, which manages $11.4 billion, has joined forces with Deutsche Bank to launch a Ucits III-compliant systematic absolute-return fund, capitalising on the widening interpretation of Ucits.

  • IPM Pitches For Commodity Seeding

    September 09, 2009

    Informed Portfolio Management, the $8 billion Stockholm firm, is seeking seed investors for a planned long/short systematic commodities fund.

  • Hawaiian Fund Recruits Ex-B of A Trader

    September 09, 2009

    Jeroen Van Der Ven, a former equity index trader at Bank of America Merrill Lynch in London, has joined Hawaiian hedge fund Evolution Capital Management.

  • Juno Hires Morgan Stanley Exec For New Fund

    September 09, 2009

    Juno Mother Earth Asset Management has brought on Peter Campbell as a partner.

  • BNP Considers Gulf Fund

    September 08, 2009

    French bank BNP Paribas may raise up to $300 million for a private equity fund active in the Gulf Arab region, Reuters reports.

  • Dutch PE Firm To Buy Fortis Tax Unit

    September 08, 2009

    Dutch private equity firm, Waterland, is buying the tax administration and structuring business of Fortis Bank Nederland (FBN), Financial Times reports.

  • Shareholders Vote To Close CMA Global Hedge

    September 08, 2009

    Shareholders of U.K.’s CMA Global Hedge have voted to wind up the fund of hedge funds, Financial News reports.

  • Overlay Unveils Volatility FX Fund

    September 08, 2009

    Overlay Asset Management is rolling out a volatility fund in the foreign exchange market, Financial Times reports.

  • Carne Adds Two To London Team

    September 08, 2009

    Carne Global Financial Services has expanded its London team with two hires.

  • Mavrix To Launch Explore 2009 LP

    September 08, 2009

    Mavrix Fund Management will launch the Mavrix Explore 2009 - II FT, Investment Executive reports.

  • Graham Closes $515M Fund

    September 08, 2009

    Graham Partners has received capital commitments worth $515 million for its third fund, LBOwire reports.

  • Citadel Can Proceed With Non-Compete Suit

    September 08, 2009

    A U.S. judge has allowed Citadel Investment Group to proceed with its suit against three ex-employees to enforce non-compete, non-disclosure and non-solicitation agreements, The Chicago Tribune reports.

  • Scandium Founder May Join Nordic Bank

    September 08, 2009

    Casper Hallas, founder of Scandium Asset Management, is in talks with a Nordic bank about leading its move into Denmark.

  • Cambodia PE Shop Hires Merrill Vet

    September 08, 2009

    Leopard Capital, the private equity firm focused on Asian frontier markets, has hired a Merrill Lynch veteran for its investment team.

  • Oakley Mulls Spin-Off FoFs

    September 08, 2009

    Oakley Capital Investments is considering launching spin-offs from its $180 million Oakley Absolute Return fund of funds, once the offering reaches critical mass—around the $300 million mark.

  • HSBC Seeks to Fill Lehman Broker Void

    September 07, 2009

    HSBC is seeking to expand its role as a broker to hedge funds after last year’s collapse of Lehman Brothers, Bloomberg reports.

  • Och-Ziff Close To Earning Performance Fees Again

    September 07, 2009

    Hedge fund manager Och-Ziff is set to start earning performance fees again across its $21.7bn of funds, according to Hedgeweek.

  • Schroders Plots Hedge Funds In Ucits Form

    September 07, 2009

    Schroders is teaming up with hedge fund managers to launch a new range of Ucits funds for sophisticated investors, Financial Times reports.

  • Lampert Hits Back At ‘Inaccurate’ Report

    September 07, 2009

    In a letter to Barron’s, ESL Partners Founder Edward Lampert has defended Sears Holdings Corp from what he called an inaccurate and biased report in the Aug. 24 edition of the paper, Reuters reports.

  • Albion, Close Team Up For Fundraising

    September 07, 2009

    Albion Ventures and Close Asset Management have joined forces to market their latest funds.

  • Chicago Teachers Seek Emerging Managers

    September 07, 2009

    The $9 billion Chicago Public School Teachers Pension & Retirement Fund has decided to search for emerging fund of fund managers.

  • Broker Seeks To Boost Cap Intro

    September 07, 2009

    Dinosaur Securities is looking to bolster its hedge fund capital-introduction activities to exploit the financial crisis, which has seen larger brokers cut back on their cap-intro services.

  • Petercam Vets To Pitch For FoF Money

    September 07, 2009

    Antaurus Capital Management, the Amsterdam long/short equity shop led by a group of former Petercam Bank staffers, will this month begin to make its first push for assets from funds of funds, as part of a wider effort to attract capital.

  • Fixed Income Arbitrage Above Average

    September 04, 2009

    Fixed income arbitrage has made a decent showing so far this year. Its 3.39% gain in July, made it the sixth best performing strategy of the month.

  • Indian Business Intelligence Firm Launched

    September 04, 2009

    Vineet Sahai has formed Insight Alpha, which provides private equity and hedge fund firms with access to specialists on specific companies in India.

  • TCU Plans Long/Short Boost

    September 04, 2009

    Texas Christian University is eyeing long/short equity managers with an aim of increasing its exposure to hedge funds for its roughly $1 billion endowment.

  • "Hopefully New York will be a happier place to go at some point. Everyone's licking their wounds."

    September 04, 2009

    --David Walls, co-founder of Dallas startup Three Seas Capital, on why he is looking to local family offices rather than approaching investors elsewhere in the U.S.

  • Alternatives Manager Search Directory

    September 04, 2009

  • Mandate Scoreboard

    September 04, 2009

  • Performance Snapshot: Fixed-income hedge funds

    September 04, 2009


 

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