Stories

  • FSA’s Dewar: Beware Fund Data Overload

    September 25, 2009

    European regulators need to take a more nuanced approach to revamping regulation of the hedge fund and private equity industries to avoid overloading regulators with information, among other things, according to Sally Dewar, managing director of wholesale and institutional markets at the U.K. Financial Services Authority.

  • Reforms Muddy Synth Prime Broker Future

    September 25, 2009

    The Barack Obama administration’s proposed over-the-counter derivatives reforms have got some hedge funds pondering the future of synthetic prime brokerage under a mandate that could see standardized OTCs centrally cleared and traded on exchange.

  • Dutch Schemes Bet On Clean Infrastructure

    September 25, 2009

    Dutch pension schemes Pensioenfonds Zorg en Welzijn and Pensioenfonds Grafische Bedrijven have invested in Fortis Investments’ clean energy infrastructure fund.

  • Aussie Firm Preps First Hedge Fund

    September 25, 2009

    Taurus Funds Management, a Sydney-based private equity firm, is preparing to launch its first hedge fund. Founder Gordon Galt expects the Taurus Resources Commodities Fund to roll out with between $20-30 million on Nov. 1.

  • CIC Invests In PT Bumi

    September 24, 2009

    Chinese sovereign wealth fund China Investment Corporation announced it has invested $1.9 billion in PT Bumi Resources Tbk in the form of a debt-like instrument.

  • Deutsche Wins EIM Mandate

    September 24, 2009

    Funds of hedge funds EIM has awarded its managed accounts platform mandate to Deutsche Bank, Reuters reports.

  • MCapital Defers HF Launch

    September 24, 2009

    Distressed debt specialist fund, MCapital, has not been able to raise $300 million in seed capital, people familiar with the matter told Financial Times.

  • 3i Secures New Credit

    September 24, 2009

    Private equity house 3i revealed Thursday that it extended its revolving credit facilities through 2012, Reuters reports.

  • Ex-Marshall Wace Partner Floats HF

    September 24, 2009

    Hedge fund manager, Daoud Zekrya, is setting up a new long/short European equities portfolio, Financial News reports.

  • Hedge Fund Assets Continue To Climb

    September 24, 2009

    EurkaHedge’s monthly hedge fund sector report showed the industry continued to rebound in August, the fourth straight month of net inflows.

  • Citadel Securities To Launch Credit Team

    September 24, 2009

    Chicago-based Citadel Investment Group is planning to launch its credit business next month, Bloomberg reports.

  • Goldman Advisor To Join Carlyle

    September 24, 2009

    The Carlyle Group has appointed Gregory Summe as vice chairman of global buyout, Reuters reports.

  • Ukrainian RE Fund Set To Launch

    September 24, 2009

    Kiev-based Foyil Asset Management is preparing to launch Foyil Ukraine Realty Partners, which it believes will be the first private equity real estate fund focused on Ukraine.

  • Ventura County Gets More Aggressive

    September 24, 2009

    The board of the $2.6 billion Ventura County (Calif.) Employees Retirement Association has voted to carve out a 5% allocation to private equity and 1% to currency.

  • Pamplona Credit Fund Cuts Exposure

    September 24, 2009

    Pamplona Capital Management has been cutting exposure in its $300 million Pamplona Credit Opportunity Fund as Portfolio Manager Yves Leysen believes paper is looking pretty expensive at the moment.

  • Mellon Unit Pushes Distressed FoF

    September 24, 2009

    Mellon Global Alternative Investments, which manages almost $600 million across four funds of funds, is focusing its marketing efforts on its $140 million Mellon Recovery Fund, a fund of funds that allocates to distressed debt managers.

  • CIC To Buy Noble Stake

    September 23, 2009

    China Investment Corp. is shelling out $850 million to purchase a stake in a commodities trader Noble Group, The Wall Street Journal reports.

  • BlueCrest Hires Ex-Credit Suisse Exec

    September 23, 2009

    BlueCrest Capital Management has appointed Steve Smith as the head of client services, Pensions & Investment reports.

  • Deutsche Boosts Prime Brokerage Team

    September 23, 2009

    Deutsche Bank has hired John Egan as a director in the firm’s prime brokerage unit, The New York Times reports.

  • Blackstone, Lion Get €2.6B Orangina Bid

    September 23, 2009

    Blackstone and Lion Capital have received a €2.6 billion binding offer for Orangina Schweppes, Financial Times reports.

  • Vicis Halts Redemptions

    September 23, 2009

    Vicis Capital, the $2.9 billion hedge fund started by ex-Lehman Brothers trader John Succo in 2004, is now halting redemptions from its main fund after suffering losses, Bloomberg reports.

  • Lone Star Plans $239M Subprime Debt Sale

    September 23, 2009

    Dallas-based Lone Star Funds is planning to sell $239 million of securities backed by subprime mortgages, three people familiar with the transaction told Bloomberg.

  • York Capital, BofA Unveil Ucits Fund

    September 23, 2009

    York Capital has launched an events-driven fund using Bank of America Merrill Lynch’s Ucits-compliant platform, Hedge Funds Review reports.

  • Mistral Sees Opp. In Canadian Wireless Market

    September 23, 2009

    New York’s Mistral Equity Partners has invested an undisclosed amount in WorldLynx Wireless, a Canadian wireless company.

  • PE Firm Boosts Africa Telecom Holdings

    September 23, 2009

    Emerging Capital Partners, a private equity firm focused on Africa, has invested $25 million in Wananchi Group Holdings, a media and telecommunications company.

  • Illinois Fund Bearish On Construction Companies

    September 23, 2009

    Warrenville, Ill.-based Central Square Capital is bearish on the late-cycle industrials sector, and Founder Kelly Cardwell is focusing primarily on the effect that non-residential construction companies have on other smaller companies, such as those that create light-bulbs, supply roofing materials and interior furnishings, for example.

  • Northern Lights Hires Morgan Stanley Exec

    September 23, 2009

    Michael Hillman has joined Northern Lights Ventures, a private equity firm that takes minority interests in asset management companies.

  • QCM Eyes New Asian Markets

    September 23, 2009

    Weybridge, Surrey managed futures firm Quality Capital Management has latched onto several asset-raising opportunities in Asia.

  • Net-Long Fund Loses As Equities Surge

    September 23, 2009

    Despite a consistent net-long exposure Stockholm firm CB Asset Management’s Europe-focused long/short fund has been hammered by the market turnaround since March, mainly thanks to a short position in the MSCI Europe Index.

  • Singapore Investment Corp. Trims Citi Stake

    September 22, 2009

    The Government of Singapore Investment Corp. trimmed its stake in Citigroup to less than 5%, realizing a $1.6 billion profit, Bloomberg reports.

  • Sydney’s Treasury Group Invests In Hedge Funds

    September 22, 2009

    Sydney-based asset manager Treasury Group has made its maiden investment in a hedge fund through the purchase of a 30% stake in AR Capital Management, Bloomberg reports.

  • Tiburon Energy Fund Aims For $1B

    September 22, 2009

    London fund manager, Tiburon Partners, is gearing up to unveil a renewable energy fund, Hedge Funds Review reports.

  • Rose & Sky Adds Directors, Launches Fund

    September 22, 2009

    Rose & Sky Investments has launched Rose & Sky Europe Fund on Aug. 31. The Cayman Islands Monetary Authority-registered fund is listed on the Irish Stock Exchange and invests in highly liquid pan-European stocks via a hybrid long/short and market-neutral strategy.

  • Chedraoui To Roll Out $500M Fund

    September 22, 2009

    London fund manager, Tony Chedraoui, is planning to float a $500 million hedge fund, sources told The Telegraph reports.

  • KKR, CPPIB Buy Aricent Stake For $255M

    September 22, 2009

    Kohlberg, Kravis, Roberts & Company and CPP Investment Board have acquired a stake in Aricent for $255 million, The Wall Street Journal reports.

  • Denver, GRT Start New Alts Firm

    September 22, 2009

    Denver Investments, a $7B asset management firm and multi-strategy alternative investment firm GRT Capital Partners have started Denver Alternatives to serve pension funds, endowments, family offices and other institutional investors.

  • Blackstone Sells $103M Cineworld Stake

    September 22, 2009

    Blackstone has sold more than 57% of its stake in British cinema chain, Cineworld, for about $102.8 million, Financial Times reports.

  • Man Looks To Double Managed Accounts Biz

    September 22, 2009

    Man Investments is looking to double the number of its managed accounts.

  • ACPI Eyes Emerging Markets

    September 22, 2009

    ACPI Investments is gearing up to launch an emerging markets opportunities fund of funds at the end of the year.

  • London Boutique Eyes £150M For Montenegrin Development

    September 22, 2009

    Future Capital Partners is looking to raise an additional £70 million to the £80 million it has already lined up for a luxury real estate development in Montenegro, set on the seafront of the bay of Budva.

  • Lighthouse To Offer More Services To Smaller Funds

    September 22, 2009

    Lighthouse Prime plans to add legal and administration services for its target small fund client base.

  • Swiss Firm Splits In Two

    September 22, 2009

    Zulauf Asset Management, a Zug-based hedge fund boutique, is set to become two separate shops in the next week.

  • Hedge Fund Clientele Shifts To Institutions

    September 21, 2009

    International Asset Management CEO Morten Spenner commented on the changing nature of the hedge fund business, nothing that the primary client base is now institutional as opposed to private.

  • Blackstone Buys £77M Broadgate Stake

    September 21, 2009

    British Land has sold 50% of the Broadgate development to Blackstone Group for £77 million, The Wall Street Journal reports.

  • AIMA Welcomes PE, VC Findings

    September 21, 2009

    The Alternative Investment Management Association (AIMA) has welcomed the findings of a survey of its members and those of the British Private Equity and Venture Capital Association (BVCA) by think tank Open Europe.

  • HFR Adds Six Indices

    September 21, 2009

    Hedge Fund Research announced the addition of six new indices to its HFRX series, with focuses on the commodity, energy, and yield alternative sectors.

  • Amaranth Sues Touradji For Contract Breach

    September 21, 2009

    Amaranth Advisors has sued the hedge fund manager Paul Touradji and Touradji Capital Management for at least $350 million for breach of contract, fraud and misappropriation of trade secrets, The New York Times reports.

  • SEC Sees More HF Regulatory Disclosure

    September 21, 2009

    Hedge funds may be required to make more detailed disclosure to regulators under the potential regulations, according to Securities and Exchange Commission Chairman Mary Schapiro, The Wall Street Journal reports.

  • Friedberg, Niagara Reopen Global Macro HF

    September 21, 2009

    Friedberg Mercantile Group (FMG) and Niagara Capital Partners have restarted the Friedberg Global Macro Hedge Fund, reports Hedge Funds Review.

  • Giuliani, Nine Thirty Capital Link For HNW

    September 21, 2009

    Rudolph Giuliani, ex-New York City Mayor, has teamed up with Nine Thirty Capital Management to protect the firm’s wealthy clients from investment fraud, Investment News reports.

  • Bond Trading Grows Despite HF Trading Dip

    September 21, 2009

    U.S. fixed income trading volume increased 15% from 2008 to 2009, despite a drop in hedge fund trading activity, according to Greenwich Associates’ 2009 North American Fixed Income Investors Study.

  • Veritas Readies Ucits China Fund

    September 21, 2009

    Veritas Asset Management will launch a Ucits III-compliant long/short China fund on Oct. 1.

  • Finnish Shop Merges Funds

    September 21, 2009

    Helsinki hedge fund boutique Altos has merged its two funds in anticipation of an increasingly volatile market environment over the next three years or so.

  • Holtham Abandoning Pooled Fund Structure

    September 21, 2009

    Gerald Holtham, the former cio of Morley Fund Management, is shutting down his hedge fund and plans to relaunch Cadwyn Capital by offering his global macro strategy exclusively via managed accounts.

  • Six Months and Counting: Hedge Funds Stay Strong

    September 21, 2009

    Hedge funds posted positive returns for the sixth straight month in August.

  • Six Months and Counting: Hedge Funds Stay Strong

    September 21, 2009

    Hedge funds posted positive returns for the sixth straight month in August.

  • Hawaiian Fund Lands More Ex-BoA Traders

    September 18, 2009

    Olivier Droulers, a former head of index flow trading at Bank of America Merrill Lynch in London, and Emmanuel Slezack, who took over when Droulers was made redundant in March, have joined the London office of Hawaiian hedge fund firm Evolution Capital Management.

  • Singapore’s Temasek Preps For Review Release

    September 18, 2009

    Singapore sovereign wealth fund Temasek Holdings is working on organizing ahead of the release its annual review this month that might reveal losses on investments in Merrill Lynch and Barclays, Reuters reports.

  • France Urges Change In EU Alts Rules

    September 18, 2009

    The French services regulator has supported a proposed amendment to the European Union’s draft directive on alternative investment fund managers, Financial News reports.

  • U.K. Insurers Withdraw £434M From HFs

    September 18, 2009

    Lloyd’s of London insurers have withdrawn nearly £500 million from hedge funds and private equity, Bloomberg reports.

  • Ex-Deutsche, Morgan Traders Launch Firm

    September 18, 2009

    Former Deutsche Bank and Morgan Stanley executives are launching an independent distressed debt-focused broker, Financial News reports.

  • Thames River Plans Global Credit Funds

    September 18, 2009

    Thames River Capital is set to launch two new credit funds, Citywire reports.

  • PAI Seeks To Trim €5.4B PE Fund

    September 18, 2009

    French private equity firm PAI Partners has made an informal offer to reduce investor commitments to its new €5.4 billion buy-out fund by 50%, Financial Times reports.

  • AIMA, IFIA Revise HF Admin Guide

    September 18, 2009

    The Alternative Investment Management Association and the Irish Funds Industry Association have published the revised edition of the AIMA Guide to Sound Practices for Hedge Fund Administrators.

  • Colony Capital To Raise $500M Via REIT

    September 18, 2009

    Colony Capital is raising around $500 million to invest in real estate debt, Financial Times reports.

  • KKR Seeks Investor Relations Head

    September 18, 2009

    KKR is reportedly on the hunt for an investor relations head, according to peHUB.

  • Redwood Hires Citi For HF Admin

    September 18, 2009

    Redwood Investment Management has chosen the securities and fund services of Citigroup, Trading Markets reports.

  • BlackRock Aims To Lower Trading Fees

    September 18, 2009

    BlackRock is investing in technology to lower the billions of dollars it pays in commissions and trading fees, said its CEO, Larry Fink, Bloomberg reports.

  • "Europe has always been more relaxed. [...] As soon as the marketer has a reason to want the manager involved, that's when they open up."

    September 18, 2009

    --Dieter Lüscher, of new Zurich-based firm 3pm, on how the approach to third-party marketing in Europe has historically fallen short of the transparency demanded in the U.S.

  • Alternatives Manager Search Directory

    September 18, 2009

  • Mandate Scoreboard

    September 18, 2009

  • Performance Snapshot: Funds 0f Hedge Funds

    September 18, 2009


 

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