Stories

  • Trio Form East Coast Headhunter

    October 02, 2009

    A trio of headhunters has launched a new recruiting firm, CharlesChase Group, with offices in Southport, Conn., Boston and New York.

  • OCIE Boss Outlines Adviser Exam Targets

    October 02, 2009

    Securities and Exchange Commission examiners are reviewing registered hedge fund firms to see if they give preferential treatment to certain customers.

  • Vermont Discusses Private Equity

    October 02, 2009

    The $2.5 billion Vermont Pension Investment Committee held an educational session, presented by its consultant NEPC, on private equity strategies at a meeting last week.

  • Arizona Fund Frees Up Cash For PE

    October 02, 2009

    The board of trustees of the $5.3 billion Arizona Public Safety Personnel Retirement System has approved to move $265 million out of the iShares Russell 2000 exchange-traded fund into the private equity portfolio.

  • UBS Cap-Intro Vets Launch Consultancy

    October 02, 2009

    Andrew Dabinett, one-time global head of capital introductions at UBS, and Howard Eisen—who headed the bank’s U.S. cap-intro business—have set up their own hedge fund consultancy firm, FletcherBennett Group.

  • GIC Rebounds, Regains 50% of 2008 Losses

    October 01, 2009

    Singapore’s sovereign wealth fund Government of Singapore Investment Corp.

  • Lyxor Adds Nine Hedge Funds To Platform

    October 01, 2009

    Lyxor Asset Management has included nine new hedge funds in its managed account platform since January 2009, HedgeWeek reports.

  • SAC Invests In RWC U.S. Alpha Fund

    October 01, 2009

    SAC Capital has made allocations to RWC Partners’ new London-based fund, Financial Times reports.

  • Man Group Assets On The Rise

    October 01, 2009

    The assets of Man Group are rising as redemptions from institutional clients slowed in its fiscal second quarter, The Wall Street Journal reports.

  • KKR Closes KPE Merger

    October 01, 2009

    KKR Private Equity Investors (KPE) has merged with KKR & Company.

  • Lazard Forms Prime Brokerage Unit

    October 01, 2009

    Lazard Capital Markets is starting a prime brokerage unit in New York and has hired a staffer to run it.

  • Sag Harbor Provides Apartment Loan

    October 01, 2009

    Sag Harbor Capital Management has provided $1.4 million in financing to a group of real estate investors to acquire a defaulted note on a 32-unit apartment building in Passaic, N.J.

  • 3A Rolls Out Ucits FoF

    October 01, 2009

    3A, the fund of hedge funds arm of Swiss bank Syz & Co. has rolled out a Ucits III fund of hedge funds.

  • Ukrainian Bank Preps First Hedge Fund

    October 01, 2009

    Ukrainian investment bank Sokrat is preparing to launch its first hedge fund, focused on Eastern Europe, in partnership with fund management firm Third Millennium Capital.

  • Brazil Ups Pension Allocation To HFs

    October 01, 2009

    New legislation has decreed that Brazilian pension funds can now allocate up to 10% of their portfolios into hedge funds, up from 3%. The move is likely to gradually increase the amount of Brazilian money that is invested in hedge funds.

  • Stenham Looks Onshore

    October 01, 2009

    Stenham Asset Management is looking at ways to structure its funds of funds to target the U.K. and European onshore market.

  • Goldman Alums Set Up Shop

    October 01, 2009

    Georges Gedeon, a former executive director in M&A and corporate finance at Goldman Sachs in London, and Jean-Luc Biamonti, the ex-European head of retail investment banking, have set up a hedge fund focusing on credit and merger arbitrage.

  • 360 Likes Tires

    October 01, 2009

    Rick Abeyta’s 360 Global Capital, a long/short equity fund, is bullish on tire and auto manufacturers and auto suppliers.

  • Egypt’s Citadel Capital Plans IPO

    September 30, 2009

    Egyptian private equity firm, Citadel Capital, is planning an initial public offering (IPO) of its shares or of its platform companies, Bloomberg reports.

  • Ping An To Launch PE Fund

    September 30, 2009

    Ping An Securities, the securities unit of Chinese insurance giant Ping An Insurance (Group) Co. of China, is reportedly preparing to launch its first U.S. dollar-denominated private equity fund, people familiar with the situation told The Wall Street Journal.

  • Listed PE Allocation To Increase

    September 30, 2009

    Private equity users are sticking with the alternative investment option and more are likely venturing into the sector, according to a survey by LPEQ.

  • Ex-Soros Vet Joins Brevan Howard

    September 30, 2009

    Brevan Howard Asset Management, Europe’s largest hedge fund, has hired Bruce Levitt as a director of its flagship hedge fund, Financial News reports.

  • CCMP Adds Energy MD

    September 30, 2009

    CCMP Capital has hired Karl Kurz as a managing director and a member of its investment committee, effective Sept. 21.

  • Quantum Energy Closes $2.5B PE Fund

    September 30, 2009

    Quantum Energy Capital has raised $2.5 billion for a private equity fund.

  • Insparo Adds Assistant PM

    September 30, 2009

    Insparo Asset Management has hired Mahan Namin as assistant portfolio manager.

  • Georgetown Eyes Hedge Funds

    September 30, 2009

    The roughly $1 billion Georgetown University endowment is considering boosting its hedge funds allocation.

  • Sri Lanka PE Fund In The Pipeline

    September 30, 2009

    Leopard Capital is preparing to launch a private equity fund focused on investments in mid-market Sri Lankan companies.

  • UBS Cap-Intro Vets Launch Consultancy

    September 30, 2009

    Andrew Dabinett, one-time global head of capital introductions at UBS, and Howard Eisen—who headed the bank’s U.S. cap-intro business—have set up their own hedge fund consultancy firm, FletcherBennett Group.

  • German TPM Firm In The Works

    September 30, 2009

    Hedge fund marketer Axel Gengenbach is teaming up with Deutsche Bank and Barclays Capital veteran Juergen Holler to set up a third-party marketing firm in Frankfurt.

  • Geneva Shop Prepares Green, Distressed FoFs

    September 30, 2009

    Geneva’s Peak Partners plans to launch two funds of funds around year-end, one focused on green investing and another that will allocate to distressed managers.

  • Eton Park Exec Joins NY PE Firm

    September 29, 2009

    Oliver Goldstein of Eton Park Capital Management has joined Pine Brook Road Partners, a New York-based private equity firm that invests in financial services and energy companies.

  • CIC, Inter-American In Talks About Trade Deal

    September 29, 2009

    The Inter-American Development Bank is in discussions with government unit, China Investment Corp., about a possible $1 billion arrangement for trade promotion co-financing, Dow Jones reports.

  • GAM Shutters Hollyman’s Euro Funds

    September 29, 2009

    GAM is shutting down the funds run by manager, Ross Hollyman, Investment Week reports. The latest closure of the European Systematic Value & Income fund comes as the manager is leaving GAM to join Liontrust at the start of next year.

  • S&W Alters Hedge Fund Structure

    September 29, 2009

    Smith & Williamson is looking to re-locate its Enterprise hedge fund from the Caymans to Dublin, Investment Week reports.

  • Thames River To Float Two Hedge Funds

    September 29, 2009

    Thames River Capital is looking to set up two long/short funds in the first half of 2010, Investment Week reports.

  • Raptor Funds Exec To Launch New Fund

    September 29, 2009

    James Pallotta, who closed his Raptor Global funds this year, is working on a new hedge fund with a projected launch in the first quarter of 2010, according to a marketing document MarketWatch obtained.

  • Evolution Capital Invests In Ohio Lender

    September 29, 2009

    Evolution Capital Partners has made an equity investment in American Eagle Mortgage (AEM). The Ohio-based private equity firm did not disclose the amount of investment.

  • Geneva L/S Shop Prepares For Soft Close

    September 29, 2009

    Farringdon Capital Management will soft-close its fundamental long/short equity fund at the end of the year.

  • Top Swedish Firm Plots Sister Fund

    September 29, 2009

    Stockholm hedge fund boutique Orre & Nyberg Capital, which manages Sweden’s top-performing hedge fund, is planning to launch its second long/short strategy in November.

  • Ex-Linq Asia Exec Joins White & Case In Singapore

    September 28, 2009

    Charles Wilson has joined White & Case’s Singapore office as counsel. Charlie joins the Firm from Linq Asia Capital.

  • Top Hedge Fund Clones Add To Fee Pressure

    September 28, 2009

    The performance of synthetic hedge fund clones is strong enough to start to put pressure on the high fees charged by many real hedge funds, according to a comprehensive academic review of the controversial concept, the Financial Times reports.

  • Hedge Fund Insurance Cover ‘Deficient’

    September 28, 2009

    Many hedge fund managers are at risk of becoming personally liable for losses in Bernard Madoff-style frauds because their insurance coverage is not good enough, the Financial Times reports.

  • HSBC Appoints New Managing Director

    September 28, 2009

    HSBC Private Bank appoints Chris Allen as Managing Director of its alternative investment division, the Wall Street Journal reports.

  • Hedge Fund Exec Dies After Escalator Fall

    September 28, 2009

    Atlantic City police are investigating how James Vellanti of hedge fund JNF Asset Management fell to his death from an escalator, FoxNews reports.

  • NY Graphic Design Firm Looks To Double Client Base

    September 28, 2009

    y Graphix, a New York-based graphic design firm for hedge funds, is looking to increase its client base to 400 from 230 by the end of 2010.

  • Oakland County Sets Sights On Long/Short

    September 28, 2009

    The $1.6 billion Oakland County Employees Retirement Commission will search for a long/short equity manager to oversee 5% of the portfolio next year.

  • Credit Fund Likes Healthcare

    September 28, 2009

    Global Credit Advisers, a New York-based credit hedge fund firm, likes the healthcare sector and is holding long positions in acute care, hospital and physician services companies.

  • Oslo Shop Eyes Pooled Fund

    September 28, 2009

    Interkraft Capital Management is considering launching a fund based on its long/short Norwegian equity index strategy—until now only available via managed accounts.

  • GLG Unveils Euro Distressed Strat

    September 28, 2009

    GLG Partners has rolled out a long/short fixed-income fund focused on distressed investing in Europe.

  • Henderson Invest £20m In GLG

    September 25, 2009

    Henderson New Star multi-manager fund managers, Mark Harris and Craig Heron, have invested more than £20 million initially in the £101 million GLG UK Select Fund, the Financial Times reports.

  • Brevan Howard To Open Swiss Office

    September 25, 2009

    Brevan Howard Asset Management is planning to open an office in Geneva, Reuters reports.

  • Hedge Fund Fees Remain Intact

    September 25, 2009

    Investors who expected hedge funds to prune fees after a particularly disastrous showing in 2008 may be disappointed by a recent study, the New York Times DealBook reports.

  • Fears Grow For Hedgies As US Financials' Loan Losses Explode

    September 25, 2009

    The US financial sector's losses on large loans exploded in 2009, exceeding the combined losses since 2001, with hedge funds and other members of the "shadow banking system" hit the hardest, official figures revealed yesterday, the Financial Times reports.

  • Nadel Again Seeks Release From Jail

    September 25, 2009

    Arthur Nadel, the Florida hedge fund adviser who has been jailed since January, again asked a judge to release him on reduced bail while he awaits trial, Bloomberg reports.

  • Carlson To Launch RMBS Fund

    September 25, 2009

    Carlson Capital, the $4.4 billion Dallas-based hedge fund firm, is preparing to launch a residential mortgage-backed security fund.

  • Convertible Arbitrage’s Reign

    September 25, 2009

    Convertible arbitrage started the year with a bang—gaining 5.22% in January—and hasn’t looked back since.

  • Pamplona Plans New Offerings

    September 25, 2009

    Pamplona Capital Management is gauging investor appetite for two new funds of funds which it plans to launch around year-end.

  • "Investors think our view is too harsh, too negative, and they don't like the idea that we might be right."

    September 24, 2009

    --Klaus Alholm, founder of Finnish hedge fund boutique Altos, on how his gloomy view of the markets is likely to impede allocations in the short term.

  • Alternatives Manager Search Directory

    September 24, 2009

  • Mandate Scoreboard

    September 24, 2009

  • Hedge Fund Strategy Performance - August 2009

    September 24, 2009

  • Performance Snapshot: Long/Short Hedge Funds

    September 24, 2009


 

Planning for a high-income year due to 457A income? Download this short paper to find out more about the opportunity to reduce tax liability and have significant charitable impact..

Click here for more details.


Latest Poll

Will a Trump presidency be good for hedge funds?

 - 17%
 - 83%

View previous results