Stories

  • San Jose Targets Real Assets

    October 16, 2009

    The $2 billion San Jose Police & Fire Retirement Plan has decided to adopt an asset allocation with a new 10% target to Treasury Inflation-Protected Securities, 10% to long bonds and doubling its real asset exposure to 10%.

  • First Life-Settlement Index Fund Prepped

    October 16, 2009

    The first life-settlement index fund is being prepared for launch by Swiss fund of funds manager AA-Partners, which is separately looking to use the fund as a new underlying.

  • German Alts Manager Broadens Scope

    October 16, 2009

    Aquila Capital, a Hamburg-based alternative investment manager, is entering the fixed-income market for the first time.

  • Screen Short Selling The U.S. Way, Euro Regs Told

    October 16, 2009

    European securities regulators are being urged to follow the practice of their U.S. counterparts in keeping tabs on levels of short selling in the markets.

  • Index Launched To Track All HF Replicators

    October 15, 2009

    Online service Hedge Fund Replication (hedgefundreplication.com) has unveiled an index enabling users to measure the performance of the entire replication industry.

  • SWFs Improve Transparency, Invest In Int’l Equity

    October 15, 2009

    Sovereign wealth funds allocate around $1 trillion to international equity, according to a report.

  • EU Rules May Eliminate Two-Thirds Of PE Firms

    October 15, 2009

    The proposed regulation of the private equity sector may wipe out between two-thirds and three-quarters of European firms, Financial News reports.

  • T2 Manager Doubles Short Stock Bets

    October 15, 2009

    Whitney Tilson, manager of hedge fund T2 Partners, has doubled his bets that U.S. stocks, which had surged on hopes of an economic recovery, are instead going to fall, Reuters reports.

  • FrontPoint Buys United Western Stake

    October 15, 2009

    FrontPoint Partners, the hedge fund arm of Morgan Stanley, has purchased a 9.9% stake in United Western Bancorp, Reuters reports.

  • Two Madoff Victims Sue SEC

    October 15, 2009

    Two New York investors have sued the Securities and Exchange Commission, alleging the agency failed to detect Bernard Madoff’s Ponzi scheme, The Wall Street Journal reports.

  • State Street Extends HF Services

    October 15, 2009

    State Street is adding new hedge fund services to its offering, Plansponsor reports.

  • HSBC FoF Arm Looks Onshore

    October 15, 2009

    HSBC Alternative Investments (HAIL), the fund of funds arm of HSBC Private Bank, is preparing to launch a fund of Ucits-compliant funds in a bid to target the onshore market for the first time.

  • Calyon’s Afaf Preps Hedge Fund

    October 15, 2009

    Nasir Afaf, the former head of fx cash and options trading at Calyon in London, is preparing to launch a hedge fund that is 70% focused on currencies and invests the balance in stocks, indices, commodities and rates.

  • Algebris Enters Long-Only Arena

    October 15, 2009

    Davide Serra and Eric Halet's Algebris Investments will launch the Algebris Super 20 fund--a 'best ideas' portfolio of long names from the $1.6 billion long/short Algebris Global Financials fund, which has returned 65% it the three years since in launched.

  • Sandell Vets Near LatAm Launch

    October 14, 2009

    Jonathan Rosenthal and Eric Fonseca, both former staffers at Sandell Asset Management, plan to launch a long/short fund focused on Latin America.

  • Crestwood Gets Marketing Chief

    October 14, 2009

    Crestwood Capital Management has hired Craig Kaplan as a managing director to head up investor relations and marketing—the New York firm’s first marketing hire.

  • Gulf Capital To Invest $500M In MENA

    October 14, 2009

    Gulf Capital is planning to invest $500 million in Saudi Arabia, the UAE and Egypt, Reuters reports.

  • Coupland Threatens To Relocate Over EU Rule

    October 14, 2009

    Hedge fund Coupland Cardiff Asset Management is threatening to shift its office from London and out of Europe, over the drafted EU directive, The Telegraph reports.

  • Octopus Unveils VCT

    October 14, 2009

    Octopus Investments has launched a new venture capital trust to provide capital security to investors, Financial Times reports.

  • Hedge Funds Post Seven Straight Up Months

    October 14, 2009

    Hedge funds continued their positive performance streak for the seventh straight month through September, with the Eurekahedge Hedge Fund Index gaining 2.45%.

  • Watson Wyatt Names HF Research Head

    October 14, 2009

    Watson Wyatt has promoted Damien Loveday as the global head of hedge fund research, Pensions & Investments reports.

  • Brazilian PE Firm Seeks Changes In Debt Terms

    October 14, 2009

    GP Investments is seeking bondholders’ approval to allow a partial repurchase of its 10% perpetual bonds, Reuters reports.

  • PE Sector To Grow In A Few Years

    October 14, 2009

    The private equity sector will grow bigger as it transforms itself over the next two-to-three years, said David Rubenstein, co-founder of the Carlyle Group, Reuters reports.

  • Paulson To Put $78M In Conseco

    October 14, 2009

    Paulson & Co. is planning to invest about $77.9 million in the stock and warrants of struggling insurer Conseco, The Wall Street Journal reports.

  • Ex-Citadel Traders Reunite

    October 14, 2009

    A group of former Citadel Investment Group managers is starting a hedge fund firm, The Wall Street Journal reports.

  • Scotia Brokerage Taps Citi Risk Pro

    October 14, 2009

    Scotia Capital has hired Keith Jolly to focus on building out the risk infrastructure for its global prime brokerage business.

  • Antarctica Principal Establishes Family Office

    October 14, 2009

    Ruth Idzik, formerly head of investor relations at Antarctica Asset Management in London, has set up Relative Value Insight, a family office.

  • Westrock/Creighton Augment Fund Roster

    October 14, 2009

    Westrock Group, which recently struck a deal to sell Creighton Capital Management’s quantitative funds to its high-net-worth client base, will launch a small-cap fund within the next few weeks.

  • N.C Shop Seeks Client Diversity

    October 13, 2009

    Headline Capital Management, a quant hedge fund shop in Charlotte, N.C., is making a renewed effort to grow assets for its three funds and wants to broaden its client base, which consists primarily of private investors.

  • Equity Research Veteran Preps Fund

    October 13, 2009

    Jim Hopkins, founder of equity research firm When2Trade Group, is making the move into direct portfolio management with an offshoot venture, Clayton Chase Asset Management.

  • Nordic FoFs Scouting For Managers

    October 13, 2009

    Stockholm’s Sentat Asset Management is seeking to add managers to its Max fund of Nordic hedge funds, with an initial focus on energy strategies.

  • Lucidus Raises $500M For Caxton JV

    October 13, 2009

    London-based Lucidus Capital Partners has raised around $500 million for a high-yield debt hedge fund in a new joint venture with hedge fund manager Bruce Kovner’s Caxton Associates, three people familiar with the situation told Bloomberg.

  • Citadel Names East Africa Head

    October 13, 2009

    Citadel Capital has appointed Hassan Massoud to head the firm’s East African office, AltAssets reports.

  • CIC Unit Buys Chinese Bank Stakes

    October 13, 2009

    Central Huijin Investment, a subsidiary of Chinese sovereign wealth fund China Investment Corp., will continue to purchase stakes in the nation’s biggest banks to stabilize the market, Bloomberg reports.

  • Apax Revamps Senior Management

    October 13, 2009

    Buyout firm Apax Partners has reshuffled its senior management team, The Wall Street Journal reports.

  • Odey Hires Ex-MFS Managers For New Fund

    October 13, 2009

    Odey Asset Management has appointed Simon Todd and Michael Nickson, formerly with MFS Investment Management, as managers of its new fund, Financial Times reports.

  • Private Equity Sector Suffers, Fundraising Slows

    October 13, 2009

    The U.S. private equity sector continued to struggle in the third quarter, with 72 funds raising $25.2 billion, a 70% drop from the same period last year.

  • VC Fundraising Declines In Q3

    October 13, 2009

    Venture capital fundraising has fallen to its lowest level since 2003 during the third quarter, Bloomberg reports.

  • Hedge Fund Research Introduces New Indices

    October 13, 2009

    Hedge Fund Research has launched six new indices to its HFRX series, with a focus on exposures within the commodity, energy, and yield alternative sectors.

  • Blackstone To List, Sell Companies

    October 13, 2009

    Blackstone is planning to list eight companies it owns and sell five others, Financial Times reports.

  • Warburg Pincus Founder Passes Away

    October 13, 2009

    Lionel Pincus, founder of buyout firm Warburg Pincus, has passed away at the age of 78.

  • Hedge Fund Closures, Consolidations Slow

    October 13, 2009

    The hedge fund sector continues to bounce back, with the pace of liquidations in Q2 slowing from the record highs last year, according to date from Hedge Fund Research.

  • Eddington Sees Interest In Macro FoF

    October 13, 2009

    Eddington Capital Management is seeing interest in its $66 million Eddington Macro Opportunities Fund because investors foresee a return to a higher-volatility environment and are looking for the protection that a global macro fund would offer, believes CIO Alex Allen.

  • Cairo Firm Appoints Ex-Beltone MD

    October 12, 2009

    Citadel Capital has hired Bassem Azab as managing director, AMEinfo.com reports.

  • Ex-Shuaa Manager To Launch Gulf Fund

    October 12, 2009

    Dubai-based fund manager Haissam Arabi is rolling out a Gulf-focused hedge fund, Financial Times reports.

  • AXA PE Mulls €1B Infra Fund

    October 12, 2009

    AXA Private Equity is thinking about raising €1 billion next year to launch an infrastructure fund, Reuters reports.

  • GI Partners Raises $1.9B New Fund

    October 12, 2009

    Anglo-American private equity firm GI Partners has raised $1.9 billion for its new fund, a quarter less than its $2.5 billion target, Financial Times reports.

  • Ex-Atticus Execs To Launch Hedge Fund

    October 12, 2009

    Two former employees of New York-based Atticus Capital are planning to launch their own hedge fund, Bloomberg reports.

  • Prime Brokers Offer Deals To Keep Clients

    October 12, 2009

    Prime brokers are offering hedge funds credit at a lower cost as they fight to hold onto market share even though most hedge funds are wary of leaving brokers they deem safe, Reuters reports.

  • Soros To Invest $1B In Clean Tech

    October 12, 2009

    George Soros will invest over $1 billon of his own money in clean energy technology to help deal with the issue of climate change, Financial Times reports.

  • Citadel Pushes For Temporary Teza Closure

    October 12, 2009

    Citadel Investment Group has urged a judge to close startup Teza Technologies for at least nine months, The Wall Street Journal reports.

  • Anglo-Danish Startup Preps Two Funds

    October 12, 2009

    Aros Capital Partners, a London-based startup co-founded by two veterans of Formuepleje, Denmark’s largest privately-owned asset manager, is preparing to launch its first hedge fund on Nov. 2, with a second fund in the works for early next year.

  • Naissance Debuts Female Leadership Fund

    October 12, 2009

    Naissance Capital, the Zurich hedge fund firm led by James Breiding, is gearing up to launch the Women's Leadership Fund later this month.

  • ConvergEx Targets Commission Management For Hedge Funds

    October 09, 2009

    BNY ConvergEx is using its new acquisition of Cogent Consulting, a software development firm specializing in brokerage commission management, to target hedge funds bracing for impending registration.

  • Assetz Unveils Property Focus Group

    October 09, 2009

    Property developer Assetz has launched a new Property Focus Group, Financial Times reports.

  • K2 Preps Global Equities Fund

    October 09, 2009

    Aussie hedge fund K2 Asset Management is reportedly planning to start a global equities fund that will aim to benefit from a global stock market rally that would hit smaller companies, Bloomberg reports.

  • Syz Launches Four Oyster Sub-Funds

    October 09, 2009

    Syz & Co. has launched four sub-funds as part of its existing range of Oyster funds, GlobalFundWire reports.

  • Credit Suisse/Tremont Index May Close September Up

    October 09, 2009

    Early estimates show the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) will close September up 2.67%, based on 65% of assets reporting.

  • NewSmith Hands Out £30M In Bonuses

    October 09, 2009

    London-based hedge fund NewSmith Capital Partners paid about 30 staffers a collective 2008 bonus of £29.4 million, The Telegraph reports, citing accounts filed with the Companies House.

  • Cartica Introduces EM Corporate Governance Fund

    October 09, 2009

    Cartica Management has launched a global emerging markets corporate governance fund.

  • Renaissance CEO To Retire

    October 09, 2009

    James Simons, ceo and founder of Renaissance Technologies, will retire on Jan. 1, The Wall Street Journal reports.

  • Ex-Morgan Stanley Vet To Launch HF

    October 09, 2009

    Former Morgan Stanley Co-President Zoe Cruz is reportedly planning to launch her own hedge fund, people familiar with the matter told The Wall Street Journal.

  • Broker Says Lone Star Fund Looks To Deploy Billions

    October 09, 2009

    An undisclosed Texas-based fund focused on energy is reportedly looking to invest billions in power.

  • Energy Investor To Deploy Big Warchest

    October 09, 2009

    Private equity shop Quantum Energy Capital is looking to invest some $3.5 billion in energy assets across the spectrum, but for the first time will include generation, transmission and renewables in their investments over the next few years.

  • Baer Pushes India Hedge Fund

    October 09, 2009

    Baer Capital is ramping up the marketing efforts for its $25 million Beacon India Alpha Equity Fund, with a view to eventually reaching $500 million.

  • "Rather than buying a house in the Hamptons, we're doing this."

    October 08, 2009

    --Gene Fisch, co-founder of FS Capital, on the decision to invest a proportion of its management and performance fees in socially-responsible companies.

  • Alternatives Manager Search Directory

    October 08, 2009

  • Mandate Scoreboard

    October 08, 2009

  • Performance Snapshot: Fixed-Income Hedge Funds

    October 08, 2009


 

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