Stories

  • Intrepid Exec Starts Firm

    November 06, 2009

    Josh Goldberg, formerly a managing director at Intrepid Capital Management, has started G2 Investment Partners Management in New York and launched its maiden fund.

  • Ottawa Firm Readies Portable Alpha Strat

    November 06, 2009

    Ottawa-based Mountjoy Capital is readying a portable alpha strategy that it is pitching to institutions, including endowments and foundations.

  • Scipion To Start Africa Mining Fund

    November 05, 2009

    Hedge fund Scipion Capital is launching a fund that will invest in junior mining companies operating in Africa, Reuters reports.

  • Asia-Focused Hedge Funds Post Q3 Gains

    November 05, 2009

    Asia-focused hedge funds continued their rebounds, building on 1H09 gains with a third-quarter return of almost 9% for the HFRI Emerging Markets: Asia ex-Japan Index, according to new Hedge Fund Research data.

  • Aviva Drops Fund Withdrawal Curbs

    November 05, 2009

    Aviva has removed the withdrawal restrictions on its life and pensions U.K. Property fund, Financial Times reports.

  • Neuberger Starts Euro Commodities Fund

    November 05, 2009

    Neuberger Berman has unveiled the Dublin-domiciled Enhanced Commodities Qualifying Investor fund, Citywire reports.

  • Jupiter Opens HF To External Investors

    November 05, 2009

    Jupiter Asset Management has made available the Jupiter Financials Hedge Fund to external investment from Nov. 1, The Hedge Fund Journal reports.

  • Sweden Plans HF Leverage Limit Removal

    November 05, 2009

    Sweden is planning to eliminate a general limit on hedge funds’ leverage, Financial News reports.

  • American Capital In $2.4B Debt Talks

    November 05, 2009

    American Capital has reached an agreement with its lenders over the restructuring of a $2.4 billion unsecured debt, Reuters reports.

  • Ex-Tudor Manager Plans Commodity Hedge Fund

    November 05, 2009

    Tudor Investment’s former head of commodities research and fund manager, Steve Mathews, is planning to start a commodity hedge fund, Bloomberg reports.

  • Aviv REIT Defers $315M IPO

    November 05, 2009

    Aviv REIT has delayed its $315 million initial public offering (IPO), Reuters reports.

  • UBS Grows Prime Brokerage Team

    November 05, 2009

    UBS has hired Robert Sachs and Will Dixon as executive directors in its prime brokerage unit.

  • Reyl Unveils Trading FoF

    November 05, 2009

    Reyl Asset Management, the fund management arm of Swiss bank Reyl & CIE, has launched the Reyl Velocity Fund, its third fund of funds.

  • Ex-Cheyne Partner Mints L/S Firm

    November 05, 2009

    Richard Woolf, former partner and portfolio manager at London's $6 billion Cheyne Capital Management, has started his own firm and launched a hedge fund with around $100 million.

  • Ex-Templeton Pres. Goes After Canadian Money

    November 05, 2009

    Jeffrey Everett, founder of Nassau-based Everkey Global Partners and former president of Templeton Global Advisors, is targeting Canadian investors with his global long/short equity strategy and has teamed up with Toronto’s Roundtable Capital Partners to do it.

  • Park Place Lines Up Managed-Account Clients

    November 05, 2009

    Park Place Capital is in talks with several potential clients for a move back into managed accounts.

  • La Fayette Cuts NY Staff

    November 04, 2009

    La Fayette Investment Management, the fund of funds firm founded by Andre Visser, will cut its New York office staff from five to one in the next few weeks.

  • Temasek Among Bidders For Taikang Stake

    November 04, 2009

    Singapore state investor Temasek, Blackstone Group and KKR are some of the firms thought to be bidding for AXA’s stake in Taikang Life, sources told Reuters.

  • Carlton Capital Closes MBO

    November 04, 2009

    Carlton Capital Partners (CCP) has acquired the firm from former partners and holding company, Carlton Partners, Financial Times reports.

  • CVC Yet To Close $2B Infra Fund

    November 04, 2009

    CVC Capital Partners is yet to close its first infrastructure fund, Reuters reports.

  • Polar Capital CEO Quits

    November 04, 2009

    Mark Kary, CEO of hedge fund group, Polar Capital, has resigned with immediate effect, Financial Times reports.

  • Man, Credit Suisse Ink Third-Party Deal

    November 04, 2009

    Man Group is offering its managed accounts platform though Credit Suisse, Financial Times reports.

  • HF Counsel Joins SEC Examination Team

    November 04, 2009

    The Securities and Exchange Commission has appointed Norm Champ to head its New York examinations group.

  • APEN Gets $225M Fortress Bailout

    November 04, 2009

    Fortress Investment has bailed out listed fund of funds, APEN, with $225 million, AltAssets reports.

  • Newscape Expands Core Investment Team

    November 04, 2009

    Newscape Capital Group has hired Leonardo Da Costa as a portfolio manager for its core investment team in London.

  • SPACs To Debut In Korea

    November 04, 2009

    Special purpose acquisition companies (SPACs) will be allowed in South Korea, possibly as early as next month.

  • Nederlof Joins PAAMCO

    November 04, 2009

    Fund of hedge funds manager Pacific Alternative Asset Management Co. has hired Maarten Nederlof as a managing director and head of portfolio solutions.

  • Scipion Targets 50% Yield On Africa Launch

    November 04, 2009

    Scipion Capital is targeting 50% annualised with the Scipion Mining & Resources Fund, which rolled out on Nov. 1.

  • EVI Capital Rolls Out $800M Alts Funds

    November 03, 2009

    Private equity firm, EVI Capital Partners, has set up two alternative investment funds, for a total of $800 million, AltAssets reports.

  • Och-Ziff Reports 3Q Loss Amid Fund Gains

    November 03, 2009

    Och-Ziff Capital Maangement reported a third-quarter loss of $80 million, through Sept. 30. For the first nine months of the year, the firm reported a net loss of $250.2 million.

  • Nordic Hedge Index Up In September

    November 03, 2009

    The hedge fund sector recovery continued on its track as the Nordic Hedge Fund Index (NHX) gained 1.58% in September, the ninth consecutive month with positive performance, Nordic News reports.

  • Russia’s Otkritie Hires Two Execs

    November 03, 2009

    Russian brokerage Otkritie has hired two Russia and CIS market figures to join its executive team.

  • Ex-TCI Founder Unveils Hedge Fund

    November 03, 2009

    Patrick Degorce, ex-founder of The Children’s Investment Fund (TCI), has set up a hedge fund, Financial Times reports.

  • Ex-Treasury Official Launches PE Firm

    November 03, 2009

    Ex-Treasury Department official, Emil Henry, has set up a private equity infrastructure firm, The Wall Street Journal reports.

  • LinkedIn Backer Raises $575M VC Fund

    November 03, 2009

    Greylock Partners has raised a $575 million venture capital fund, The Wall Street Journal reports.

  • Ex-Janus Exec. Nears Fundraising

    November 03, 2009

    Daniel Kozlowski, a former portfolio manager at Janus Capital Group and founder of Chicago-based hedge fund firm Plaisance Capital, will begin approaching investors in earnest early next year.

  • LatAm Agri Startup Seeks Seed Money

    November 03, 2009

    Lumix Capital, a Schindellegi, Switzerland-based real-assets manager focused on Latin American commodities, is seeking seed investors for its first fund.

  • Horizon21 Closes Only Remaining FoF

    November 03, 2009

    Horizon21 has closed its one remaining fund of hedge funds to new investment while it decides whether to press on with this area of its business.

  • Credit Suisse Unveils Market-Neutral Strat

    November 03, 2009

    Credit Suisse has launched a U.S. equity market-neutral hedge fund and tapped Jordan Low, the head of Credit Suisse Asset Management's quantitative equities group, to oversee the strategy in New York.

  • Signet Ups Onshore Credit Exposure

    November 03, 2009

    Signet Capital Management, the London fund of funds firm with $1.8 billion under management, has raised the exposure to credit strategies held by its listed fixed-income investment trust.

  • Al Noor Unveils $200M Film Fund

    November 02, 2009

    Al Noor Holdings, the media unit of Qatar’s Al-Hashemi group, has unveiled a $200 million international film fund, Bloomberg reports.

  • Woori, Temasek To Start Joint Hedge Fund

    November 02, 2009

    Woori Investment & Securities Co. is reportedly in talks with Singapore sovereign wealth fund, Temasek Holdings, to start a hedge fund, two Woori officials told Bloomberg.

  • Permira Debt Names CEO

    November 02, 2009

    Permira Debt Managers has promoted James Greenwood to CEO, Financial News reports.

  • BNY Mellon Acquires Stake In PE Company

    November 02, 2009

    BNY Mellon Asset Management has purchased a 20% minority interest in multi-strategy private equity firm Siguler Guff & Company. Siguler Guff’s offerings include fund of funds targeting distressed security investing, investing in emerging markets, including Brazil, Russia, India and China (BRIC), and investing in small-cap buyout opportunities.

  • KKR’s Dollar General Sets $750M IPO

    November 02, 2009

    KKR is set to benefit from Dollar General’s offer of $750 million of stock for between $21 and $23 per share, The Wall Street Journal reports.

  • State Street PE Index Posts First Gain In One Year

    November 02, 2009

    State Street Corporation announced the results of the State Street Private Equity Index as of June 30, 2009, with second quarter gains of 5.48%, after five straight quarters of losses.

  • Fortress Plans $650M CMBS Sale

    November 02, 2009

    Fortress Investment Group is planning to package $650 million commercial loans into the first new commercial mortgage-backed security (CMBS), Reuters reports, citing Commercial Mortgage Alert.

  • Ex-Alson Execs Start New Fund

    November 02, 2009

    Peter Carlin and Charlie Carr of the now-closed Alson Capital Partners have regrouped to form Estekene Capital Management and are preparing for a Q1 launch.

  • Odey PM Ups Large-Cap Positions

    November 02, 2009

    James Hanbury, portfolio manager of Odey Asset Management’s Ucits-compliant Odey UK Absolute Return Fund, is adding exposure to defensive large-cap names such as Tesco, GlaxoSmithKline and Compass Group and rotating out of more cyclical mid-cap names like Infineon Technologies, a German semi-conductor manufacturer.

  • StormHarbour Salesman Departs For Lucidus

    November 02, 2009

    Won Choi, head of European credit sales at London-based boutique StormHarbour Partners, has left the firm 16 days after joining to work for hedge fund firm Lucidus Capital Partners.

  • Energy Shop Nears Soft-Close

    November 02, 2009

    Energy Capital Management in Amsterdam is preparing to halt asset growth in order to assess liquidity.

  • CIC Invests In Coal Mining Company

    October 30, 2009

    Chinese sovereign fund China Investment Corporation has inked an agreement to invest $500 million in a 30-year convertible debenture issued by SouthGobi Energy Resources.

  • K1 HF Founder Under Arrest

    October 30, 2009

    Helmut Kiener, founder of K1 Group, has been arrested in connection with an investigation into allegations of fraud at his hedge fund, The Wall Street Journal reports.

  • Och-Ziff Buys TPG’s Debenhams Stake

    October 30, 2009

    Och-Ziff has acquired 9% stake in TPG’s departmental store chain, Debenhams, Reuters reports. The hedge fund manager, who is also a shareholder of Peacocks, now owns 11.52% of the departmental store chain.

  • MF Global Analyst To Co-Found Hedge Fund

    October 30, 2009

    John Kilduff, an energy analyst, has left MF Global to launch a food and energy commodity hedge fund, Bloomberg reports.

  • Rajaratnam Seeks To Lower $100M Bail

    October 30, 2009

    Raj Rajaratnam is urging a federal judge to lower his $100 million bail and allow him to travel freely in continental U.S., The Wall Street Journal reports.

  • Citadel To Lift Withdrawal Ban

    October 30, 2009

    Citadel Investment Group will completely lift its 10-month ban on withdrawals from the hedge-fund firm, The Wall Street Journal reports.

  • Blackstone To Launch Yuan Fund

    October 30, 2009

    Blackstone has inked a preliminary agreement with Lujiazui Financial Development to launch a Chinese yuan-denominated fund, The Wall Street Journal reports.

  • Ex-AMD CEO Faces Probe In Galleon Case

    October 30, 2009

    Hector Ruiz, former CEO of AMD, has been drawn into the insider trading scandal involving the Galleon Group, Financial Times reports.

  • Tudor Offers Managed Fund Accounts

    October 30, 2009

    Tudor Investment is offering investors the choice of investing in part of its computer-driven fund through managed accounts, Financial News reports.

  • PE Sees Increased Activity Despite Downturn

    October 30, 2009

    Recent initiatives in private equity—such as new mandates, recruitment in financial control and strategic management and back office outsourcing—indicate the asset class is surviving the current financial hardship.

  • Fund Directive Raises Big Workload Specter

    October 30, 2009

    A number of industry professionals are weighing the work that will flow from complying with the European Commission’s proposed Alternative Investment Fund Managers Directive, which would subject hedge funds and other entities to higher standards on risks, liquidity and conflicts of interest.

  • Maryland School Eyes Hedge Funds

    October 30, 2009

    The College of Notre Dame of Maryland is increasing its exposure to alternative investments.

  • W. R. Huff Hires Marketers

    October 30, 2009

    W.R. Huff Asset Management has hired Michael Del Priore and Gina Strum to help raise assets for a distressed/credit opportunities fund.

  • GLG Completes Emerging-Markets Ucits Range

    October 30, 2009

    GLG Partners has rounded out its stable of Ucits III-compliant emerging-market funds with the launch of its fourth, the aptly-titled GLG Emerging Markets (Ucits III) Fund.

  • "We were beginning to feel more like a fund of funds than a strategic investor."

    October 29, 2009

    --Burton Sonenstein, cio at Annie E. Casey Foundation, on its decision to cut managers from its hedge fund roster.

  • Alternatives Manager Search Directory

    October 29, 2009

  • Mandate Scoreboard

    October 29, 2009

  • Performance Snapshot: Long/Short Hedge Funds

    October 29, 2009


 

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