Stories

  • Fairfield University Reduces Hedge Funds

    October 09, 2009

    Fairfield University is reducing its allocation to hedge funds for its roughly $200 million endowment.

  • Nedgroup, JPMorgan Launch New Fund

    October 08, 2009

    Cape Town-based asset manager Nedgroup Investments has launched a new fund for South African investors, Moneyweb reports.

  • AIMA Enters New Policy Phase, Preps Paper

    October 08, 2009

    The Alternative Investment Management Association has announced that it has entered a new phase of engagement with European policymakers regarding to European Commission’s draft directive on Alternative Investment Fund Managers.

  • Skandia Names Executive Team

    October 08, 2009

    Skandia Investment Group CEO Nils Bolmstrand has announced the selection for his executive team, including operations, investments, product development, sales and legal appointments.

  • Candover Gets More Time For €3B Buyout Fund

    October 08, 2009

    Candover has gained two months to negotiate with investors over the fate of its €3 billion buyout fund, Financial Times reports.

  • Guggenheim Eyes PE Again

    October 08, 2009

    Guggenheim Investment Advisors is again showing interest in private equity funds, Bloomberg reports.

  • KKR Appoints Ex-Vodafone CEO

    October 08, 2009

    Kohlberg Kravis Roberts & Company has named Arun Sarin as a senior advisor.

  • Loophole Found For Deferred Compensation Tax

    October 08, 2009

    Optcapital, a compensation administrator specializing in hedge fund clients, has apparently found a way for hedge fund managers to defer their performance fees so as to avoid high taxes.

  • LGT Hires For HF Biz Development

    October 08, 2009

    LGT Capital Partners has lined up John Wilkinson to join its London office on Dec. 14.

  • Boutique Lines Up Seed Capital For Launches

    October 08, 2009

    Tiburon Partners has lined up $10 million each for the long/short Tiburon Terra, a renewable energy and natural resources fund, and the long-only Tiburon Taiko, a Japan-focused offering.

  • Galena Outlines Trade Finance Launch

    October 08, 2009

    Galena Asset Management is planning to launch a new fund—its sixth—which will focus on commodity trade finance.

  • Griffin Taps German Sales Head

    October 08, 2009

    Griffin Capital Management has lined up a new hire to handle asset-raising in the firm’s primary markets of Germany and Austria.

  • HFs May See 10% Recovery In H2

    October 07, 2009

    Assets of the global hedge fund industry may recover by 10% or more during the second half of this year, Reuters reports, citing data from HedgeFund Intelligence (HFI)

  • Nanes Balkany Up 32% In 3Q

    October 07, 2009

    Julien Balkany’s $50 million Nanes Balkany Partners Fund returned 32.6% in the third quarter of this up, bringing its YTD return to 50.1%, The New York Times blog DealBook reports, citing a recent letter to investors.

  • RREEF Closes U.S. Infrastructure Arm

    October 07, 2009

    RREEF Alternative Investments has stopped fundraising for its $500 million RREEF North America Infrastructure Fund, Pensions & Investments reports.

  • TD Bank To Spin Off $2.6B PE Arm

    October 07, 2009

    Canadian lender, Toronto-Dominion Bank, is planning to spin off its $2.6 billion private equity division to employees, GlobeAdvisor reports.

  • High-Performing Value Startup Opens Doors

    October 07, 2009

    Jeeva Ramaswamy, a private investor who has notched up performance of 549.9% with a global equity value hedge fund since launching last November, is opening the fund to investors for the first time.

  • Shen Yi Sets Year-End For Postponed Launch

    October 07, 2009

    Shen Yi Financial Advisors plans to launch its maiden hedge fund by year’s end.

  • Midlands PE Shop Hires U.K.-Wide Manager

    October 07, 2009

    Leicester and Birmingham private equity firm Catapult Venture Managers has hired Richard Bucknell to head up its U.K.-wide fund, seeking to put more resources behind this strategy and increase its investment activities outside its traditional focus on the Midlands.

  • New Venture Plans Sports Purchase

    October 07, 2009

    Newly-formed Pacific Capital Partners is eyeing the sports and leisure industry for a special-purpose vehicle it hopes to launch by next summer.

  • NewAlpha Fundraises For Fourth Incubation FoF

    October 07, 2009

    NewAlpha Asset Management is raising money for a fund of funds that will incubate a diversified portfolio of five-to-six emerging hedge funds, the Paris-based firm’s fourth in a series of similar offerings.

  • New York Fund Hires Merrill Credit Team

    October 06, 2009

    New York-based Tandem Global Partners has hired Michael McEvilly, who previously ran investments in credit products for one of Merrill Lynch’s proprietary trading desks.

  • Canadian Firm Bullish On Potash

    October 06, 2009

    Toronto-based Front Street Capital is adding exposure to companies that produce potash, a form of potassium carbonate that is commonly used to manufacture fertilizer.

  • FRM Capital Backs First Asia Fund

    October 06, 2009

    FRM Capital Advisors, the seeding unit of Financial Risk Management (FRM), has started its first strategic relationship with an Asian hedge fund.

  • PwC Seeks Lehman’s HF Creditors Support

    October 06, 2009

    The administrator for Lehman Brothers’ European unit will ask the bank’s hedge fund creditors in London to back an alternative plan to speed up the return of assets, The Wall Street Journal reports.

  • Actis Launches $750M Infra Fund

    October 06, 2009

    Private equity firm Actis has raised $750 million for the Actis Infrastructure 2 Fund.

  • UBP, New Castle Launch Ucits-Styled HFs

    October 06, 2009

    Union Bancaire Privée (UBP) and asset manager, New Castle, are together starting a range of hedge fund products, Hedge Funds Review reports.

  • Oak Hill May Bid For Cali Retailer

    October 06, 2009

    Oak Hill Capital Partners is reportedly competing with CCMP Capital Advisors for California retailer, Grocery Outlet, a source close to the situation told The New York Post.

  • PAI Launches Two Distressed RE Funds

    October 06, 2009

    Houston-based real estate firm Property Asset Investments (PAI) is launching two funds to invest in distressed residential real estate, Housing Wire reports.

  • Och-Ziff Flagship HF Gains 2.39% In Sept

    October 06, 2009

    The flagship hedge fund of Och-Ziff Capital Management gained 2.39% last month, The New York Times reports.

  • Castlestone Allays Dollar Fears With Euro, Sterling Tranches

    October 06, 2009

    Castlestone Management is looking to reassure euro- and sterling-denominated investors with the launch of hedged share classes in these currencies for its $60 million Aliquot Gold Bullion fund and its $40 million Aliquot Precious Metals fund, which invests equally in gold, silver and platinum.

  • Agri Firm Gets CEO-In-Waiting

    October 06, 2009

    Farming-focused alternatives firm Alpcot Agro has hired a deputy ceo, with the expectation that he will take over the ceo role from Founder Björn Lindström in the short term.

  • Swiss Firm Preps Illiquid Special Sits Fund

    October 06, 2009

    Long/short equity shop Farringdon Capital Management is working on a special situations fund and plans to launch it sometime in the autumn.

  • Fla. Firm Preps Multi-Strat Fund

    October 06, 2009

    Stonehenge Capital Management, a Miami alternatives firm which offers access to its strategies via managed accounts, is preparing to launch a pooled fund providing access to three different strategies.

  • Synth Longevity Fund Sees Asset Growth

    October 06, 2009

    The Browndorf Life Settlements Fund, whose manager says it's the only hedge fund investing solely in longevity swaps, has been adding to its money under management and set its sights on $1 billion.

  • Duo To Invest Fund Fees In SR Companies

    October 05, 2009

    Gene Fisch and Archana Sivadasan have co-founded FS Capital and are preparing to launch its maiden fund on Jan. 1.

  • BC Partners Adds Four To IR Team

    October 05, 2009

    BC Partners has appointed Charlie Bott to head its investment-relations team, Financial News reports.

  • Allianz’s RCM To Launch Hedge Funds

    October 05, 2009

    Allianz’s equity fund management unit, RCM, is planning to float two new hedge fund products, Reuters reports.

  • KKR Consortium Leads Northrop Bid

    October 05, 2009

    A consortium led by Kohlberg Kravis Roberts (KKR) is the frontrunner in the bid for the $1 billion advisory services unit of Northrop Grumman, sources told Financial Times.

  • U.S. Lawmaker Seeks HF Registration

    October 05, 2009

    A senior U.S. lawmaker has released draft legislation requiring hedge funds to register with the Securities and Exchange Commission, Reuters reports.

  • Picard Sues Madoff Family For $198M

    October 05, 2009

    Bernard Madoff’s trustee, Irving Picard, has filed a civil suit against Madoff’s brother, sons and niece, Reuters reports.

  • Citadel Case Details $1B Trading Gain

    October 05, 2009

    A high-frequency trading unit of Citadel Investment gained about $1 billion in 2008, The Wall Street Journal reports.

  • Managed Funds Assoc. Names, Chair, Directors

    October 05, 2009

    The board of Managed Funds Association unanimously elected Darcy Bradbury, senior v.p., the D. E. Shaw group, as chairman.

  • Tiger Buys Curve Caps For Protection

    October 05, 2009

    Tiger Management Chairman Julian Robertson has been buying “curve caps” to hedge against the risk of foreign buyers pulling out of U.S. Treasury securities, Bloomberg reports.

  • Alaska Hires Funds of Funds

    October 05, 2009

    The $13 billion Alaska Retirement Management Board has hired funds of hedge funds GAM and Prisma Capital Partners to share the portfolio with Alaska’s three other fund of funds.

  • Augustus Long Norway, Poland

    October 05, 2009

    Adrian Owens of London’s Augustus Asset Managers, is generally bearish but has long positions in the Norwegian kroner and Polish zloty.

  • Systematic Firm Readies Account-Fund Structure

    October 05, 2009

    Alternative Asset Management Limited (A2ML), a London firm focused primarily on systematic trading strategies, is preparing to launch a fund of segregated accounts that will give investors access to a range of underlying algorithmic trading programs.

  • Co-Operative Unveils Sustainable Fund

    October 02, 2009

    Co-Operative Investments has launched the third fund in its sustainable funds range, Citywire reports.

  • Banque Syz Unit To Set Up FoHF

    October 02, 2009

    The alternatives unit of Banque Syz is setting up fund of hedge funds, Citywire reports. 3A SA Alternative Asset Advisors is launching the fund, which will invest in the Ucits-compliant hedge funds

  • London’s Hedge Fund Market Suffers

    October 02, 2009

    After six years of gaining market share according to total assets managed by hedge fund managers, London’s market share has dropped, Hedge Fund Journal reports, citing new data from International Financial Services London.

  • Apollo Hires Ex-Northern Rock CEO

    October 02, 2009

    Apollo Global Management has appointed Adam Applegarth as a senior adviser, Financial Times reports.

  • York Capital, BofA Merrill Launch Event-Driven Fund

    October 02, 2009

    York Capital Management and Bank of America Merrill Lynch have launched the York Event-Driven UCITS Fund, with access to York’s event-driven strategies as part of BofA Merrill’s UCITS III compliant funds platform.

  • U.S. Hedge Funds Seek To Influence New Rules

    October 02, 2009

    Hedge funds are seeking to fend off new regulations from the U.S. government, The New York Times reports.

  • Madoff Trustee Seeks $7.2B From Picower

    October 02, 2009

    Irving Picard has increased the amount of money he is seeking from Jeffry Picower, who allegedly benefited from the Bernard Madoff Ponzi scheme, The Wall Street Journal reports.

  • Hellman & Friedman Raises $8.8B Fund

    October 02, 2009

    Private equity firm, Hellman & Friedman, has raised $8.8 billion for a new fund, Financial Times reports.

  • Final Verdict for August: +1.48%

    October 02, 2009

    The composite average for August stands at 1.48%.

  • Lawyer Urges Trademark Registration

    October 02, 2009

    Beth Alter, counsel at U.S. law firm Seward & Kissel, is advising hedge fund managers to register their funds’ trademarks.

  • Aussie Firm Raises Resources PE Fund

    October 02, 2009

    Taurus Funds Management is fundraising for the Taurus Resources Fund 2, the Sydney-based firm’s second private equity fund.

  • "In the long term you're just doing yourself a disservice as an investment manager."

    October 02, 2009

    --Nikhil Jhangiani, cio at Peak Partners, on why his firm won't be going after retail money.

  • Alternatives Manager Search Directory

    October 02, 2009

  • Mandate Scoreboard

    October 02, 2009

  • Performance Snapshot: Multi-Strategy Hedge Funds

    October 02, 2009


 

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