Stories

  • Germany’s K1 HF Faces Fraud Probe

    October 29, 2009

    Germany’s K1 Group is being investigated by European and U.S. authorities for fraud, Bloomberg reports.

  • New World Capital Launches With Green Approach

    October 29, 2009

    NewWorld Capital Group is the latest to enter the private equity market, but will approach the sector with a green angle via investments in middle-market companies and related infrastructure projects in the clean energy, energy efficiency, environmental services, waste management, water, and sustainable/biodegradable materials fields.

  • Losses In Madoff Scheme Reach $21.2B

    October 29, 2009

    Investors have suffered losses of $21.2 billion in Bernard Madoff’s Ponzi scheme, according to Irving Picard, Financial Times reports.

  • Greenhill PE Unit Spins Out

    October 29, 2009

    Greenhill & Company is spinning out its private equity arm into an independent entity, The Wall Street Journal reports.

  • Fifth Third Bancorp Starts PE Lending Unit

    October 29, 2009

    Fifth Third Bancorp has formed of a focused private equity lending Team called Fifth Third Sponsor Leveraged Finance.

  • Blackstone Seeks To Cut $5B Hilton Debt

    October 29, 2009

    Blackstone is negotiating with lenders to reduce $5 billion from the $20 billion debt on Hilton Worldwide, The Wall Street Journal reports.

  • Tudor Bullish On EM Equities, Gold

    October 29, 2009

    Tudor Investment Corp. is on the gold wagon too now, with a recent letter to investors revealing interests in commodities, gold, and emerging markets equity, The New York Times blog DealBook reports.

  • Advisory Firm Staffs Up

    October 29, 2009

    CounselWorks, an advisor to hedge funds and private equity firms, has brought on Brad Caswell as managing director.

  • Ivy Plans Unique Ucits FoF

    October 29, 2009

    Ivy Asset Management is looking at ways to structure a fund of funds to make it Ucits compliant at the fund level, while allocating to a combination of Ucits-compliant funds and managed accounts in offshore strategies, around 15 in total.

  • Thomas Funds, Aramid Join Forces

    October 29, 2009

    Thomas Funds and Aramid Asset Management have teamed up to launch the Aramid All Asset Capital Preservation Fund.

  • New York State Eyes Real Assets, Opportunistic Investments

    October 29, 2009

    The $116.5 billion New York State Common Retirement Fund is considering investing a portion of its portfolio in real assets and carving out an opportunistic portfolio for the first time.

  • Temasek, GIC Unload ICICI Shares

    October 28, 2009

    Temasek and GIC have together unloaded shares worth more than $460 million in Indian bank ICICI Bank, VCCircle reports.

  • GAM Appoints T. Rowe Equity Specialist

    October 28, 2009

    GAM has appointed Niall Gallagher as a manager on the GAM Star European Equity and GAM Star Continental European funds, Citywire reports.

  • Collins Unveils Absolute Return FoF

    October 28, 2009

    Collins Stewart Fund Management has introduced a fund of absolute return funds, Financial Times reports.

  • Ex-JPMorgan Traders Float London HF

    October 28, 2009

    Ex-JPMorgan traders, Gertjan Koomen and Didier Matineau, along with some senior traders from the bank, have launched a London-based hedge fund, Financial Times reports.

  • Galleon Founder Hires Top U.S. Lawyer

    October 28, 2009

    Galleon Group founder, Raj Rajaratnam, has appointed John Dowd as his lawyer, Financial Times reports.

  • Ex-Franklin Exec Launches Loonie HF

    October 28, 2009

    A former Franklin Templeton executive, Jeff Everett, is launching a Canadian-dollar based hedge fund, National Post reports.

  • Galleon Liquidates 90% HF Portfolios

    October 28, 2009

    The liquidation of Galleon Group’s hedge funds’ portfolios is “largely complete,” Dow Jones reports, citing a person familiar with the situation.

  • U.S. House Panel OKs HF Advisers Bill

    October 28, 2009

    The U.S. House of Representatives’ Financial Services Committee has approved a bill, which will regulate advisers to hedge funds and private equity funds, The Wall Street Journal reports.

  • Casey Foundation Slices Hedge Fund Roster

    October 28, 2009

    The roughly $2.5 billion Annie E. Casey Foundation is slashing the number of hedge fund managers in its portfolio.

  • Goldman/Amaranth Veteran Sets Up Shop

    October 28, 2009

    Michael Ruscetta, former co-head of Goldman Sachs' special-situations group in Toronto and senior staffer at Amaranth Advisors, has founded RCM Partners and launched its maiden hedge fund.

  • Hedgebay Unveils Secondary Market Index

    October 28, 2009

    Online secondary marketplace Hedgebay has launched the first hedge fund secondary market index.

  • IMQubator On Lookout For Foreign Talent

    October 28, 2009

    Dutch incubation business IMQubator Investment Management is looking to attract more talent from outside The Netherlands.

  • Ex-Alson Exec Joins Tremblant

    October 28, 2009

    Andrew Bilzin has joined the $2 billion Tremblant Capital Group as director of marketing, having previously held a similar role at Alson Capital Management.

  • Citadel Plans Kenya, Uganda Investments

    October 27, 2009

    Citadel Capital is planning to invest in Kenya and Uganda in the next 6-12 months, Reuters reports.

  • ICICI Ventures Preps Second Fundraising Round

    October 27, 2009

    Indian private equity giant, ICICI Venture Funds Management, is planning a second close of roughly $450-500 million by end of the fiscal year, VCCircle reports.

  • ISAM To Relaunch Gold Fund

    October 27, 2009

    International Standard Asset Management (ISAM) will re-launch a gold fund this year, Reuters reports.

  • BLM Hires Investcorp President

    October 27, 2009

    BLM Partners has hired Gary Long as president and COO. He will be a partner and focus on developing the London-based mid-market private equity firm’s investment offering and operations.

  • LDC Eyes CPA Global For £400M

    October 27, 2009

    Lloyds Development Capital (LDC) is in talks with CPA Global about a £400 million acquisition, Financial Times reports.

  • Petters To Go On Trial In $3.5B Fraud

    October 27, 2009

    Minnesota businessman, Tom Petters, accused of carrying out a $3.5 billion fraud, is set to go on trial this week, The Wall Street Journal reports.

  • Galleon Judge Forces Civil Case To Proceed

    October 27, 2009

    A U.S. District judge has asked the Securities and Exchange Commission to be ready to start the civil insider-trading trial against Raj Rajaratnam in five months, The Wall Street Journal reports.

  • Blackstone Investors Appeal Suit Dismissal

    October 27, 2009

    A group of Blackstone Group investors has appealed the dismissal of their lawsuit filed against the private equity firm, Reuters reports.

  • Kentucky Shop Outperforms CTA Market

    October 27, 2009

    Despite a difficult year for CTA strategies—this year through September, CTA and managed futures strategies dropped 4.20%, according to the Credit Suisse/Tremont Hedge Index—Lexington Asset Management has posted positive returns.

  • Alts Lawyer Starts Boutique

    October 27, 2009

    Kim Tomsen Budinger has launched KTB Counsel, a boutique law firm that will provide both startup and established hedge funds with compliance and operational services.

  • Tisbury Vet Launches Private L/S Fund

    October 27, 2009

    Brian Steck, a veteran of Tisbury Capital and K Capital Partners, has set up a long/short equity fund exclusively for his friends and family via his startup shop, Wellesley, Mass.-based Laurel Capital Group.

  • Gartmore Looks To Asia

    October 27, 2009

    Gartmore is looking at launching an Asian hedge fund under the direction of Jan de Bruijn, who will join from Threadneedle early next year as head of Asian equities.

  • Startup Bolsters Team Ahead Of Second Launch

    October 27, 2009

    London-based Aros Capital Partners has grown its investment team to four by hiring an analyst to focus on its second planned launch, the socially-minded Aros Altru Fund which is due to roll out in Q1.

  • Ex-Citadel Exec To Launch Asia Fund Startup

    October 26, 2009

    Former Citadel Investment Group executive Nick Taylor is set to launch the largest Asia-focused hedge fund startup since May 2007, three people familiar with his plan told Bloomberg.

  • Nazca Capital Spins Out From Fortis

    October 26, 2009

    Spanish private equity firm, Nazca Capital, has concluded a spinout from Fortis Bank, AltAssets reports.

  • Allenbridge Plans Income FoF

    October 26, 2009

    London-based independent financial adviser, Allenbridge, is looking to set up an income focused fund-of-funds, Citywire reports.

  • Kazyna, EBRD To Launch $300M Fund

    October 26, 2009

    Kazyna Capital Management is planning to launch a $300 million joint private equity fund, AltAssets reports.

  • Ex-Credaris Trader Launches $100M HF

    October 26, 2009

    Gennaro Pucci, ex-trading head at credit manager, Credaris, has set up a $100 million hedge fund, Bloomberg reports.

  • Ex-Morgan Exec Gets $150M To Launch HFs

    October 26, 2009

    Market strategist, Barton Biggs, has received $150 million as seed capital from its former employer to launch three hedge funds, Crains New York Business reports.

  • HF Manager Faces Subpoena In Galleon Case

    October 26, 2009

    Federal investigators in the Galleon Group case are seeking trading records from hedge fund manager, Richard Grodin, The Wall Street Journal reports.

  • Madoff Investor Picower Dies

    October 26, 2009

    Jeffry Picower, an investor with Bernard Madoff, has passed away, The Wall Street Journal reports.

  • New Castle May Buy Out Founder Kurland

    October 26, 2009

    Ex-Bear Stearns hedge fund New Castle is planning to potentially buy out Founder Mark Kurland as part of the firm’s restructuring plan, Financial Times reports.

  • San Fran Firm Touts Behavioral Strat

    October 26, 2009

    Eric McGill and Paul Mingardi, co-founders of San Francisco-based Ashbury Heights Capital, are fundraising for their Ashbury Heights Large Cap U.S. Equity Fund.

  • London CTA Rolls Out First Fund

    October 26, 2009

    Molinero Capital Management, a London-based systematic CTA firm led by a veteran of U.S. manager Rotella Capital Management, has launched its first pooled fund.

  • Ex-Oppenheimer Exec To Start U.S. Alt. Energy Fund

    October 26, 2009

    Yachtz Radcliff, formerly of Oppenheimer & Co. and Maxim Group, is preparing to launch a long/short hedge fund with the majority of its holdings in U.S. alternative energy and infrastructure companies.

  • South Africa Shop Eyes Pooled Funds

    October 26, 2009

    Johannesburg asset management firm Mazi Capital is planning to roll out pooled fund versions of its absolute-return and hedge strategies, which are only offered as segregated accounts.

  • Galleon Mulls S’pore Unit Sale

    October 23, 2009

    Galleon Group is reportedly considering selling its Asia unit following recent charges that Founder Raj Rajaratnam was involved in insider trading, a person familiar with the matter told Bloomberg.

  • Swip Diversity Fund Turns To Property

    October 23, 2009

    Scottish Widows Investment Partnership’s (Swip) multi-manager diversity fund is investing in commercial property, Financial Times reports.

  • Pohjola PE Set To Launch Third Fund

    October 23, 2009

    Pohjola Private Equity Funds is planning to expand its investor base outside of Finland for its third fund, Financial News reports.

  • Investec Starts EM Currency Alpha Fund

    October 23, 2009

    Investec Asset Management is setting up an absolute return emerging markets currency fund, Citywire reports.

  • Chais Denies SEC Charges In Madoff Case

    October 23, 2009

    Money manager, Stanley Chais, has refuted allegations made by the Securities and Exchange Commission (SEC) for his role in the Bernard Madoff scam, Bloomberg reports.

  • CNL Macquarie REIT To Raise $1.5B In IPO

    October 23, 2009

    CNL Macquarie Global Growth Trust is planning to raise $1.5 billion through its first public offering, Orlando Business Journal reports.

  • Sri Lankan Terror Victims Sue Rajaratnam

    October 23, 2009

    Raj Rajaratnam has been sued by a group of victims of terror attacks by Sri Lanka’s Tamil Tigers rebels, The Wall Street Journal reports.

  • Hedge Funds’ Hot Streak Continues

    October 23, 2009

    Positive returns continue to roll in for hedge funds.

  • "If it was as complicated as people made out they wouldn't all have moved there."

    October 23, 2009

    --David Butler, a founding member of Kinetic Advisory in London, on why he remains bullish on managers moving to Switzerland.

  • Alternatives Manager Search Directory

    October 23, 2009

  • Mandate Scoreboard

    October 23, 2009

  • Hedge Fund Strategy Performance - September 2009

    October 23, 2009

  • Performance Snapshot: Funds of Hedge Funds

    October 23, 2009


 

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