Stories

  • Euro PE Group Weighs In On Pay-To-Play

    September 18, 2009

    The European Private Equity & Venture Capital Association has called on the Securities and Exchange Commission to avoid a blanket ban on the use of placement agents by U.S. public pension funds.

  • Brownstone Adds Sweetener

    September 18, 2009

    Brownstone Asset Management is now offering investors monthly liquidity.

  • BNY Mellon Considers Direct Lending Platform

    September 18, 2009

    BNY Mellon Asset Servicing may launch a platform for securities lending that would allow lenders and borrowers to strike agreements directly with one other, effectively cutting out prime brokers, according to AIN sister publication Wall Street Letter.

  • Dubai’s Istithmar To Restructure

    September 17, 2009

    Government-owned Dubai World is moving its hotel and real estate assets from its property unit, Nakheel, into its investment arm, Istithmar World, amid a restructuring, Khaleej Times reports.

  • Irish Fund May Face Suit For Madoff Exposure

    September 17, 2009

    Pioneer Alternative Investment Management is facing legal action in the U.S. over its $1.08 billion exposure to Bernard Madoff funds, The Irish Times reports.

  • BlackRock Offers New Hedge Fund Vehicle

    September 17, 2009

    BlackRock is planning to launch a new listed vehicle to access hedge funds staked in smaller companies, according to an announcement.

  • Catella To Start €1B Property Fund

    September 17, 2009

    Catella is planning to establish an open-ended fund, which will invest up to $1 billion in healthcare properties, Property Finance Europe reports.

  • Providence Equity Partners Hires Advisor

    September 17, 2009

    Providence Equity Partners has hired Richard Parsons as a senior advisor.

  • Citi Wins Hedge Fund Admin Mandate

    September 17, 2009

    Alternative asset manager Twin Haven Capital Partners has selected Citigroup to provide a range of hedge fund services, Reuters reports.

  • SEC, FSA To Coordinate Hedge Fund Regulation

    September 17, 2009

    The U.S. and U.K. regulators have agreed to ask hedge fund managers to report a common set of data to both the nations, Financial Times reports.

  • Hedge Fund Sector Consolidation, Liquidation Slow

    September 17, 2009

    The pace of hedge fund liquidations continued to drop in the second quarter of 2009, from record levels the year before, according to data from Hedge Fund Research.

  • Newscape May Enter HF, PE Arena

    September 17, 2009

    Newscape Capital Group plans to diversify its business and is looking at branching into hedge funds or, more likely, private equity.

  • Agri Firm Targets Swedish Competitor

    September 17, 2009

    Alpcot Agro, the alternatives firm focused on farming in Eastern Europe, is performing due diligence on BBAH Sweden with the aim of purchasing the rival firm via an all-stock acquisition.

  • Argent Alums Found Credit Fund

    September 17, 2009

    A group of executives from Argent Funds has formed Raven Rock Capital, a corporate credit relative value shop.

  • Ex-JPMorgan Quartet Launches Marketing Firm

    September 17, 2009

    Four JPMorgan veterans have launched 3pm, a Zurich-based third-party marketing firm.

  • ICAP Enters Secondary HF Market

    September 16, 2009

    ICAP has unveiled a new service to gain from a more balanced market for buying and selling of hedge fund stakes.

  • SocGen Bankers Exit To Start HF Firm

    September 16, 2009

    A group of 30 members of Société Générale’s alternative asset management team have resigned from the firm to establish their own hedge fund business.

  • KKR, THL Mull Travel Channel Bid

    September 16, 2009

    KKR & Company, THL Partners and Providence Equity Partners are considering offers for Travel Channel Media, four people with knowledge of the situation told Bloomberg.

  • 3i Hires Growth Capital Principal

    September 16, 2009

    Private equity firm 3i Group has named Sundip Murthy as growth capital principal for its North American arm. In the new role, Murthy will focus on finding opportunities for growth capital investments in different sectors and will offer financial and strategic support to portfolio companies to bolster their international growth.

  • IOSCO Outlines Standards For FoFs

    September 16, 2009

    The International Organization of Securities Commissions (IOSCO) has issued standards for funds of hedge funds mainly looking at liquidity risk and due diligence, Hedge Fund Review reports.

  • Pursuit UBS Suit Centers On CDO Rating

    September 16, 2009

    Pursuit Partners has sued UBS for selling it CDOs as investment grade when internal UBS notes referred to the securities as "crap," HedgeFund.net reports.

  • Hedgies Look For Asian Money

    September 16, 2009

    Money is slowly being reinvested into hedge funds, and while there is still a general foot-dragging among investors, managers expect Asia-Pacific investors to put money to work more readily than their U.S. and European counterparts.

  • Mulvaney Gains With Sugar, Hogs Plays

    September 16, 2009

    Mulvaney Capital Management’s systematic financial and commodity futures program was up 10.85% in September, bringing performance for the year to -5.94%.

  • Dallas PE Firm Hires Acquisitions Exec

    September 16, 2009

    Dallas-based private equity firm Teakwood Capital has hired Ed Olkkola as a managing director to research companies, including meeting with their sales and marketing teams.

  • Copenhagen Firm Eyes U.S. Investors

    September 16, 2009

    Mermaid Asset Management, a Danish long/short equity shop focused on Nordic companies, is looking at how to target U.S. investors.

  • Ex-Macquarie Strategists Start Fund

    September 15, 2009

    Three former Macquarie Group quantitative strategists have launched a hedge fund with the support from Ascalon Capital Managers, Bloomberg reports.

  • Man, Dexion Introduce UCITS Product

    September 15, 2009

    Man Investments and Dexion Capital launched a new UCITS III trend following product dubbed Man AHL Diversity.

  • Tiburon To Launch Absolute Return Fund

    September 15, 2009

    Tiburon Partners will set up an absolute return Green fund next month, Investment Week reports.

  • 3i Sells Piece Of European Venture Portfolio

    September 15, 2009

    Coller Capital, HarbourVest Partners and DFJ Esprit have inked an agreement to buy a significant part of 3i’s European venture portfolio.

  • The Family Office Seeds NY Fund

    September 15, 2009

    Multi-family investment office, The Family Office Company, has provided the initial capital for a new fund managed by New York’s 3-Sigma Value Investment Management.

  • D.E. Shaw Enters Dubai

    September 15, 2009

    D. E. Shaw has received a license from Dubai Financial Services Authority to do business in the Emirates state. D. E. Shaw & Co. MENA is now licensed to do business in the Dubai International Financial Centre.

  • Conn. Firm Hires Portfolio Manager

    September 15, 2009

    Stamford-based Structured Portfolio Management (SPM) has hired Vishal Bhutani as a managing director to co-manage the SPM Opportunity Fund.

  • Elizabethtown Eyes Brazil

    September 15, 2009

    Dauphin Capital Partners, which runs Elizabethtown College’s endowment, is looking to add exposure to emerging markets managers and James Hoover, principal and founder, is particularly keen on Brazil.

  • Swiss Hedge Fund Research Firm Opens

    September 15, 2009

    Palladio Alternative Research has launched in Geneva to conduct outsourced due diligence, research and advisory.

  • China Fund Finds Big Investor

    September 15, 2009

    Han Capital Management, the new firm being set up by former SAC Capital Management Portfolio Manager John Liu (totalalternatives.com, June 18), has commitments of about $175 million for its debut hedge fund, on Greater China.

  • TNI, Kipco To Set Up $150M Fund

    September 14, 2009

    The National Investor’s private equity unit and Kipco Asset Management are planning to roll out a $150 million Sharia-compliant Islamic fund, Emirates Business 24/7 reports.

  • Mongolia To Start Sovereign Wealth Fund

    September 14, 2009

    The Mongolian government plans to establish a sovereign wealth fund using mining royalties and tax revenue, and distribute part of the income to citizens to lessen poverty, Bloomberg reports, citing Finance Minister Sangajav Bayartsogt.

  • Quadrangle To Exit London, COO To Depart

    September 14, 2009

    New York-based private equity firm, Quadrangle Group, is planning to shut its London office, Bloomberg reports.

  • Rasmussen Calls For HF Rules Review

    September 14, 2009

    Poul Rasmussen has supported calls for a full impact assessment of the proposed European Union rules for hedge funds and private equity firms, Financial Times reports.

  • PEMGroup Head Passes Away

    September 14, 2009

    Financier Danny Pang, accused by U.S. securities regulators of carrying out a fraud, has passed away, The Wall Street Journal reports.

  • Oak Hill Credit Distressed Fund Passes Target

    September 14, 2009

    Oak Hill Advisors said it has closed a $1.125 billion corporate credit distressed fund that invests in loans, bonds and other securities, Reuters reports.

  • Fund Seeks Currency, Distressed Managers

    September 14, 2009

    Ascentia Capital Partners, a multi-strategy fund in a mutual fund format, is looking to add a currency manager and a distressed-debt manager to its portfolio.

  • India Fund Invests In Container Freight Company

    September 14, 2009

    Aureos Capital’s India-focused private equity fund has invested $10 million in Continental Warehousing Corporation, which manages container freight stations that provide receiving and distribution services for cargo.

  • Millennium Prepares For Second Ucits Launch

    September 14, 2009

    Millennium Global Investments will launch a Ucits-complaint version of the fundamental discretionary currency strategy that accounts for the majority of the $11.4 billion that the firm manages.

  • Investor-Led Marketer Eyes New Funds

    September 14, 2009

    Zurich third-party marketing firm Polaris Investment Advisory is seeking to expand its range of client funds to reflect what it is hearing from investors throughout Europe.

  • FX Concepts Readies Cheaper Ucits Share Class

    September 14, 2009

    Currency-trading firm FX Concepts is gearing up to launch a second share class for its first and, to date, only Ucits-approved fund.

  • ICICI Venture Aims To Raise $800M

    September 11, 2009

    India’s ICICI Venture Funds Management Co. is preparing to float a $500 million (RS2,420 crore) equity fund with the option of retaining another $300 million, LiveMint reports.

  • Brevan Howard Adds Morgan, Merrill Traders

    September 11, 2009

    London-based hedge fund firm, Brevan Howard Asset Management, has appointed three partners from investment banking firms, Bloomberg reports.

  • PAI Investors Could See Fund Cut

    September 11, 2009

    PAI Partners’ investors expect the buyout firm to cut its last fund by 20-40%, The Wall Street Journal reports.

  • Dutch PFs Warn Against EU HF Rules

    September 11, 2009

    Dutch pension funds have warned a European Union regulatory directive for hedge funds and private equity may cut investment opportunities and increase costs, Reuters reports.

  • Cheyne, Man To Start Onshore Funds

    September 11, 2009

    Several U.K. hedge funds are planning to start onshore funds to trump the European Union’s new regulations, Financial Times reports.

  • Merestone To Launch Debut Property Fund

    September 11, 2009

    Hammerman Capital’s ex-CFO, Andrew St Pierre, and former Wachovia executive, John Garofalo, have launched a real estate securities fund, HedgeWeek reports.

  • Touradji Loses Two From Team

    September 11, 2009

    Two employees of Touradji Capital Management have exited the New York-based hedge fund firm, people familiar with the matter told Bloomberg.

  • Advent Hires New Operating Partner

    September 11, 2009

    Advent International has hired Michael McShane for its operating partner program.

  • HF Assets Rise As Redemptions Fall

    September 11, 2009

    Hedge Funds saw assets invested increase by $100 billion in the second quarter of 2009, reaching $1.43 trillion, according to data from Hedge Fund Research.

  • Good Prognosis for Healthcare & Biotech

    September 11, 2009

    Hedge funds that specialize in the healthcare and biotechnology sector have reason to be optimistic even as uncertainty and anticipation of possible changes loom.

  • ALTERNATIVE VIEWPOINT: Hedge Fund Consolidation ­ When's it Coming?

    September 11, 2009

    Those of us who work with hedge fund managers have been talking about it for at least a year now ­ the coming wave of consolidation deals among investment management firms that would inevitably result from dramatic changes that occurred in the market, business and regulatory environment in which managers operate.

  • "In this day and age, it's a dinosaur."

    September 10, 2009

    --An industry observer comments on the 1% initiation fee that Myron Scholes's Platinum Grove Asset Management has just announced it will abolish.

  • Alternatives Manager Search Directory

    September 10, 2009

  • Mandate Scoreboard

    September 10, 2009

  • Performance Snapshot: Global Macro Hedge Funds

    September 10, 2009


 

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