Stories

  • South London PF Seeks First Commodities Manager

    October 23, 2009

    The London Borough of Lewisham is making its first investment into commodities as it tenders for a mandate worth 5% of its £700 million pension fund.

  • Asset Management Group Pans Stewardship Approach

    October 23, 2009

    The U.K. Investment Management Association has criticized plans to encourage fund managers’ commitment to new principles.

  • ADIH Unveils $300M Hospitality Fund

    October 22, 2009

    Abu Dhabi Investment House (ADIH) has unveiled s $300 million Shariah-compliant Hospitality Development Fund (HDF), AltAssets reports.

  • Judge Favors RAB Capital In Lehman Case

    October 22, 2009

    A U.K. court has ruled that RAB Capital should receive money from Lehman Brothers’ collapse, The Wall Street Journal reports.

  • Sweden Plans To Ease EU HF Rules

    October 22, 2009

    Sweden, holder of the European Union presidency, is planning to ease the proposed regulations for hedge funds, Reuters reports, citing a document it obtained.

  • CQS Hires IR Duo In NY

    October 22, 2009

    London-based hedge fund manager CQS has hired two senior executives for the New York investor relations team, Pensions & Investments reports.

  • BNP Hires Global HFRM Head

    October 22, 2009

    BNP Paribas has appointed Joe Carney as managing director in its global hedge fund relationship management (HFRM) team.

  • TPG To Refund $20M In Fees

    October 22, 2009

    TPG Capital will return $20 million in fund fees, The Wall Street Journal reports.

  • Meriwether To Launch Third HF

    October 22, 2009

    Hedge fund manager, John Meriwether, is setting up a new hedge fund, Financial Times reports.

  • Aureos Expands Into North America

    October 22, 2009

    Aureos Capital, a $1.2 billion private equity firm focused on emerging markets, is targeting U.S. and Canadian money for the first time.

  • Rangeley Sees M&A Picking Up

    October 22, 2009

    Chris DeMuth, co-founder of Rangeley Capital, believes there will be more liquidations and merger arbitrage activity for the remainder of the year and into 2010.

  • Thinking Of Moving To Switzerland? Not So Fast!

    October 22, 2009

    Don’t underestimate the complications involved in setting up in Switzerland is the message that investment management consultancy Laven Partners is sending hedge fund managers.

  • Study: Directive May Nix Investment Trusts

    October 22, 2009

    U.K. investment trusts may face annihilation under the EU’s proposed Alternative Investment Fund Managers Directive, according to a study commissioned by the Financial Services Authority.

  • SEC Sues Alleged Rogue Trader

    October 21, 2009

    The Securities and Exchange Commission has charged a New York man over allegations that he made unauthorized trades while working in the back office of registered investment adviser Tobias Bros.

  • Ashmore Granted Access To Domestic Chinese Market

    October 21, 2009

    London-based Ashmore Investment Management has been awarded a Qualified Foreign Institutional Investor (QFII) licence by the Chinese Security Regulatory Commission.

  • GSAM Exec Joins KKR In Europe

    October 21, 2009

    KKR has appointed Alex Fletcher as head of its European client and partner group, AltAssets reports.

  • JPMorgan PE Unit, Interros Plan $1B Firm

    October 21, 2009

    One Equity Partners, the private equity unit of JPMorgan Chase, and Russia’s Interros Holding are planning to form a $1 billion investment firm, Bloomberg reports.

  • Logi Energy Eyes CIT Debt

    October 21, 2009

    Hedge fund logi Energy has announced it has offered to purchase $1 billion in debt from CIT Group.

  • JPMorgan, BofNY Mellon Added To Madoff Suit

    October 21, 2009

    JPMorgan Chase and Bank of New York Mellon, custodians of Bernard Madoff’s bank accounts, have been added as defendants in a lawsuit against Madoff, Bloomberg reports.

  • New Castle Cuts Ties With Consultant

    October 21, 2009

    New Castle Funds has severed its ties with its hedge fund consultant Danielle Chiesi, while Co-Founder Mark Kurland has taken leave, Bloomberg reports.

  • Ex-Goldman Strategist Joins Mark AM

    October 21, 2009

    Mark Asset Management (MAM) has hired Jack Hayflick as head of strategic planning, The Wall Street Journal reports.

  • Galleon Begins Liquidating Assets

    October 21, 2009

    Galleon Group is liquidating its investments as it expects investor redemptions, unnamed brokers told Financial Times.

  • HSBC FoF To Double Distressed Exposure

    October 21, 2009

    HSBC Alternative Investments (HAIL) is looking to double exposure to distressed to 15% in its $1.7 billion flagship fund of funds.

  • Liongate Rejects Managed Account Platform

    October 20, 2009

    London's $2.5 billion Liongate Capital Management has looked at the possibility of launching a managed account platform and discarded the idea, as it believes it is not in the best interest of its investors.

  • Film Fund Broadens Appeal With Bond Issue

    October 20, 2009

    The $277 million Aramid Entertainment Fund has issued a bond which will raise up to £15 million of debt capital for the fund—15% of its net asset value.

  • UBP Drops New Castle As Fund Manager

    October 20, 2009

    Geneva-based Union Bancaire Privée (UBP) has terminated its contract with New Castle, the sub-adviser for its U.S. Long/Short Equity Ucits III fund, Citywire reports.

  • Hermitage Urges Russia To Probe Tax Refunds

    October 20, 2009

    Hermitage Capital Management is urging Russia to probe a string of “fraudulent” tax refunds, Bloomberg reports.

  • Allianz Global Converts U.K. Alpha Fund

    October 20, 2009

    Allianz Global Investors has changed its Allianz RCM U.K. High Alpha fund into the new Allianz RCM U.K. Unconstrained fund, Fund Strategy reports.

  • Thames River Rebrands Two Funds

    October 20, 2009

    Thames River Capital has renamed its new Super High-Grade and High-Grade Bond funds, Financial Times reports.

  • U.S. To Target 10 More In Rajaratnam Case

    October 20, 2009

    Federal investigators are planning to charge about 10 securities professionals with insider trading, Bloomberg reports.

  • Cerberus Plans Freedom Group IPO

    October 20, 2009

    Cerberus Capital Management is in advanced talks for an initial public offering of Freedom Group, an arms and ammunition company, The Wall Street Journal reports.

  • PIMCO Rumored To Expand Into Equities

    October 20, 2009

    PIMCO is reportedly planning to offer active equity management capability, possibly by employing an existing team from a competing firm, sources familiar with the company told Pensions & Investments.

  • Einhorn Bets On Gold

    October 20, 2009

    Hedge fund manager David Einhorn is bullish on gold and is betting interest rates will rise, Reuters reports.

  • Blackstone Struggles With Buyout Fundraising

    October 20, 2009

    Blackstone and its Founder, Steve Schwarzman, are reportedly having trouble raising money for its next buyout fund, people familiar with the matter told The New York Post.

  • Thames River Eyes Ucits For Multi-Manager

    October 20, 2009

    Thames River Capital is considering launching a multi-strategy fund of Ucits-compliant hedge funds.

  • Alchemy’s Moulton Resurfaces

    October 20, 2009

    Jon Moulton who only six weeks ago left Alchemy Partners has launched Better Capital, which will look to turn around companies, The Wall Street Journal reports.

  • Insight To Shut Two Market-Neutral Funds

    October 20, 2009

    Insight Investment is shuttering two non-U.K. equity market-neutral funds, Financial Times reports.

  • Schroders Sets Up Hedge Fund Umbrella

    October 20, 2009

    Schroders has launched an onshore Luxembourg-based Sicav, Financial Times reports.

  • Galleon Faces Insider Trading Charges

    October 20, 2009

    Hedge fund manager Raj Rajaratnam and his New York-based firm have been charged with insider trading by the Securities and Exchange Commission.

  • Roark Capital Plans Record Investments

    October 20, 2009

    Roark Capital Group is planning to invest a record amount next year as private equity business picks up, Bloomberg reports.

  • Brazilian Hedge Funds Attract $19.7B In ‘09

    October 20, 2009

    Brazilian hedge funds have attracted a net $19.7 billion funds in 2009 through Oct. 15, higher than any type of investment pool in the country, Bloomberg reports.

  • Occam Readies Asia Absolute Return Fund

    October 20, 2009

    Occam Asset Management will launch a Ucits-compliant absolute return version of its $125 million long-only Asia fund at the end of November.

  • Background Checks On Managers Comes Under The Spotlight

    October 19, 2009

    Background checks on hedge fund managers are coming under more scrutiny, as part of an increasing overall focus on due diligence.

  • Canadian Startup Launches Hard Assets Fund

    October 19, 2009

    Toronto-based Silvercove Capital has launched its maiden strategy, the Silvercove Hard Assets Fund.

  • Hong Kong Hedgies Manage $55B

    October 17, 2009

    The Securities and Futures Commission’s first survey in three years reveals that while the number of funds run from Hong Kong has increased over the last year, the amount they manage has decreased, Asian Investor reports.

  • FSA: EU Rules Could Cost Funds €5B

    October 17, 2009

    The alternative investment industry will face costs of nearly €5 billion due to proposed new European Union rules, according to a report by the Financial Services Authority, The Wall Street Journal reports.

  • Hedge Funds Found To Misrepresent Funds

    October 17, 2009

    A study conducted by four finance professors revealed that 21% of hedge funds often misrepresent past legal and regulatory issues.

  • Hermes BPK Eyes £5B

    October 17, 2009

    Hermes BPK Partners is seeking to reach £5 billion in assets under management within the next five years, Reuters reports.

  • Liontrust To Launch Credit, Bond Funds

    October 17, 2009

    Liontrust is planning to launch a European cross-border version of its long/short credit fund and a long-only strategic bond fund, Reuters reports.

  • CVC To Buy Brewery

    October 17, 2009

    CVC Capital is buying brewer Anheuser-BuschInBev’s (AB InBev) operations in Central Europe and the Balkans for $2.23 billion, The Wall Street Journal reports.

  • Rubenstein Anticipates PE Growth, Strategy Change

    October 17, 2009

    Carlyle Group co-Founder David Rubenstein said the private equity industry will grow larger than it was before, but will change its form and style during the next few years, Reuters reports.

  • Sun Capital To Slash Fund Size By $1B

    October 17, 2009

    Buyout shop Sun Capital Partners is reducing the size of its flagship $6 billion fund by $1 billion, The Wall Street Journal reports.

  • Cadogan To Spin Off From Fortis

    October 17, 2009

    Cadogan Management will buy back its business from Fortis Bank, people familiar with the matter told The Wall Street Journal.

  • Ex-Goldman Manager Plans $1B HF

    October 17, 2009

    Mark Carhart is launching his own firm and is seeking to raise $1 billion for a new investment fund, Reuters reports.

  • Pirate Vet Preps Multi-Strat Value Fund

    October 16, 2009

    Tassos Recachinas, who left Pirate Capital last year, has founded New York-based Sophis Investments and is preparing to roll out the Sophis Fundamental Value Fund.

  • "If there's a difficulty, it's convincing investors that high return does not mean high risk."

    October 16, 2009

    --Alex Allen, cio at Eddington Capital Management, which is seeing more interest in a fund of funds focused on volatile, high-return focused managers now that investors see volatility returning.

  • Alternatives Manager Search Directory

    October 16, 2009

  • Mandate Scoreboard

    October 16, 2009

  • Performance Snapshot: Macro Hedge Funds

    October 16, 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