Stories

  • China Eyes OTC Regs

    November 13, 2009

    The People’s Bank of China is looking to regulate interbank over-the-counter derivatives.

  • Seer Capital Touts Credit Fund

    November 13, 2009

    Seer Capital Management is marketing a credit fund that will invest in commercial mortgage-backed securities, residential mortgage-backed securities and off-the-run asset-backed securities.

  • Triple A On Verge Of Seeding Reboot

    November 13, 2009

    Hong Kong-based Triple A Partners looks set to rebuild its hedge fund seeding business, less than a year after it redeemed from all but one of its managers when funding was pulled by its investors.

  • Energy/Resources Startup Awaits Copenhagen Summit

    November 13, 2009

    Taum Sauk Capital Management’s energy and resources fund is waiting for the outcome of the United Nations Climate Change Conference in Copenhagen next month and will then tweak its portfolio accordingly, Chairman Thomas Schmitt told AIN.

  • Evolve Fund Services Emerges With New Fund

    November 12, 2009

    Evolve Fund Services is back on the scene with a new £50 million private All Saints Fund that aims to benefit from recovering UK real estate markets.

  • Blackstone, KKR Plan $7.4B TDC Stake Sale

    November 12, 2009

    The private equity backers of TDC are looking to sell a part of their 88% stake in the Danish telecom group, Bloomberg reports.

  • Cairn, OYSTER Funds Add Ucits III

    November 12, 2009

    Cairn Capital has teamed up with OYSTER Funds to introduce a new corporate credit fund under UCITS III.

  • Ex-Optimal CEO Faces Charges On Madoff

    November 12, 2009

    A Swiss court has charged Manuel Echeverría, the ex-CEO of Banco Santander’s hedge-fund unit, with criminal mismanagement in relation with the Ponzi scheme run by Bernard Madoff, Financial Times reports.

  • Fortress Plans $265M Brookdale Share Sale

    November 12, 2009

    Fortress Investment Group is planning to sell 16.55 million shares of Brookdale Senior Living’s common stock to raise about $264.8 million.

  • Ex-SAC Analyst Faces Probe In Galleon Case

    November 12, 2009

    An ex-analyst at SAC Capital Advisors is being investigated by federal authorities in the Galleon Group insider-trading case, The Wall Street Journal reports.

  • Ex-Boston Provident CFO Under Arrest

    November 12, 2009

    The ex-CFO of Boston Provident Partners has been arrested on charges of defrauding the hedge fund of around $1.3 million, The Wall Street Journal reports.

  • Pa. Shop Debuts Concentrated ETF Fund

    November 12, 2009

    Fusion Capital Management has launched a concentrated version of its maiden hedge fund—a global long/short equity strategy that invests in exchange-traded funds—aimed at investors with a higher risk appetite.

  • Hedge Funds Scoop Sterling Puts

    November 12, 2009

    Hedge funds have been buying puts on sterling against the U.S. dollar, brought on by downbeat comments from Mervyn King, governor of the Bank of England, and the spike in option prices on euro/U.S. dollar.

  • Galleon Fallout Locks Lips

    November 12, 2009

    Galleon Group Founder Raj Rajaratnam's recent arrest for insider trading has made those in the hedge fund industry hesitant to trade information on an informal basis.

  • CalSTRS Eyes Global Macro

    November 12, 2009

    The $130.6 billion California State Teachers Retirement System is considering the addition of a global macro strategy.

  • EU Fund Plan May Violate Trade Obligations

    November 12, 2009

    Anti-protectionism laws could thwart the European Commission's proposed Alternative Investment Fund Managers Directive.

  • K1 Invest Appoints Liquidator

    November 11, 2009

    K1 Invest, a fund of the K1 Group, has hired Grant Thornton as liquidator and Treukapital as administrator, Bloomberg reports.

  • Gottex Rejects Bid For London Fund

    November 11, 2009

    Gottex Fund Management has rejected an indicative, non-binding offer for its London-listed fund, HedgeFund.net reports.

  • Deutsche: HF Assets To Exceed $2T

    November 11, 2009

    Hedge fund assets may surpass their previous $2 trillion high by the end of 2010 as improved returns attract investors, said Barry Bausano, Bloomberg reports.

  • Paulson Ups Cadbury Stake

    November 11, 2009

    Hedge fund manager, John Paulson, has doubled his stake in Cadbury, after Kraft Foods moved in with a $16.41 billion hostile offer, The Wall Street Journal reports.

  • DoE Hires Venture Capitalist

    November 11, 2009

    The U.S. Department of Energy (DoE) has hired venture capitalist, Jonathan Silver, of Core Capital Partners, as director of its loan program office, The Wall Street Journal reports.

  • SAC Review Finds No Suspicious Trades

    November 11, 2009

    SAC Capital Advisors has found nothing suspicious in the buying and selling of stocks in relation to the Galleon Group insider-trading cases, Bloomberg reports, citing an unnamed investor.

  • Greylock Hires JP Morgan For PE Admin

    November 11, 2009

    Greylock Capital Management has hired JP Morgan to provide private equity fund administration.

  • Dutch Quant Team Opens For Investment

    November 11, 2009

    QTR Invest, an Amsterdam-based quant startup, has begun marketing its fund, focusing on high-net-worth money.

  • Former Russell Exec Joins San Fran Firm

    November 11, 2009

    Hal Strong, formerly vice-chairman of Russell Investments, has joined Genstar Capital, a middle-market private equity firm in San Francisco.

  • Deutsche Bank: Distribution Key To Ucits

    November 11, 2009

    Wealth managers and family offices will not flock automatically to Ucits funds, despite their popularity, says Manfred Schraepler, head of fund structuring at Deutsche Bank.

  • FX Concepts Launches Fixed-Income Fund

    November 11, 2009

    FX Concepts, the $7.8 billion New York currency manager, launched a fixed-income fund internally last week--the firm's first single-strategy fund outside of its traditional area of expertise.

  • Liongate Opens Dubai Office

    November 10, 2009

    Fund of hedge funds manager Liongate Capital Management has opened a Dubai office and received a license from the Dubai Financial Services Authority to operate from the Dubai International Financial Centre (DIFC).

  • RWC Partners’ Convertibles Pro Exits

    November 10, 2009

    Miles Geldard, convertibles specialist at RWC Partners, has stepped down from his role, Citywire reports.

  • BlueCrest Risk Head Quits

    November 10, 2009

    BlueCrest’s head of risk management, Jonathan Martin, has stepped down from the company, Financial News reports.

  • TowerBrook Raises $750M, Sets Up Lender

    November 10, 2009

    TowerBrook Capital Partners has raised $750 million to launch a European lender, Financial News reports.

  • Myners Backs Onshore HF Regulations

    November 10, 2009

    Paul Myners, the U.K. Treasury’s financial services secretary, is backing the findings of a government-sponsored report that calls for the formation of a viable onshore regulated hedge fund industry, The Wall Street Journal reports.

  • Solamere Hires Ex-Wal-Mart Pres

    November 10, 2009

    Ex-Wal-Mart President and CEO Lee Scott has joined Solamere Capital as an operating partner and a member of the investment committee.

  • Court Reinstates Amaranth’s JPMorgan Claim

    November 10, 2009

    Amaranth Advisors’ claim against JPMorgan Chase has been reinstated by a New York state court, FINalternatives reports.

  • Ex-Raptor, Tudor Managers Roll Out HF

    November 10, 2009

    Former Raptor Capital Management and Tudor Investment managers have started their own hedge fund, Mass High Tech reports.

  • Lone Star Cuts Fee To Raise $20B Funds

    November 10, 2009

    John Grayken, head of real-estate private-equity at Lone Star Funds, is looking to raise $20 billion to buy troubled mortgages and other kinds of distressed debt, The Wall Street Journal reports.

  • Former Goldman Exec To Debut Opportunities Fund

    November 10, 2009

    Reza Ali, former managing director at Goldman Sachs, has founded Prosiris Capital Management and will launch its maiden fund early next year.

  • Vanquish Seeks PM For New ABL Strat

    November 10, 2009

    Vanquish Capital Group is looking to hire a portfolio manager for a new fund focused on mezzanine and asset-based lending.

  • Boston Credit House Taps Senior Analyst

    November 10, 2009

    Feingold O’Keeffe Capital has hired Scott Bartley as a senior analyst—the ninth member of its investment team.

  • Value Firm Eyes Expansion

    November 10, 2009

    Spruce Point Capital Management, a New York startup with a focus on long/short value investing, is planning to grow its team as assets flow into its nascent fund.

  • Ex-Wachovia Duo Courting Seeders

    November 10, 2009

    Charlotte Global Advisors in Charlotte, N.C., has entered into discussions with various seeding firms in the hopes of raising $25 million for its first hedge fund.

  • Theorema Founder Resurfaces With EMEA Fund

    November 10, 2009

    Emanuele Antonaci, founder of Theorema Asset Management, is awaiting Financial Services Authority authorisation for his new venture Farema Capital and preparing a long/short equity fund focused on Europe and the rest of the EMEA region.

  • Storage Firm Closes Fourth Fund

    November 09, 2009

    San Diego-based Equity Based Services (EBS), a private equity firm that focuses on self-storage commercial real estate projects, has closed its fourth private equity fund at $8.35 million and is now investing the capital.

  • Aussie Fund Plans Move East

    November 09, 2009

    Sydney-based hedge fund Commodity Strategies is preparing to move into New York or Switzerland amid a fundraising push, Bloomberg reports.

  • GAM To Revamp HF, Plans New Fund

    November 09, 2009

    Private and institutional investment manager, GAM, is planning to restructure one of its offshore hedge funds as a Ucits III offering, Fund Strategy reports.

  • EU Parliament Report Critiques HF Rules

    November 09, 2009

    The proposed pan-European regulation of hedge funds and private equity will boost compliance costs for alternative fund managers, according to a report, Financial Times reports.

  • Prosecutors Name Witness In Galleon Case

    November 09, 2009

    More people may be charged in the Galleon Group insider trading case, as prosecutors claim they have witnesses to strengthen their case, Reuters reports.

  • October Positive Month For HFRI Indexes

    November 09, 2009

    Hedge Fund Research released its October numbers, showing positive gains for all emerging markets indexes.

  • Blackstone Records $275M Q3 Profit

    November 09, 2009

    Blackstone Group has reported a third-quarter profit of $275.3 million, mainly attributed to fees for asset sales and acquisition activity, Bloomberg reports.

  • KKR, General Atlantic To Buy $1.65B TASC

    November 09, 2009

    Northrop Grumman will sell its consulting division, TASC, for $1.65 billion to two private equity firms, The Wall Street Journal reports.

  • BHR To Launch Event-Driven Credit Fund

    November 09, 2009

    New York-based BHR Capital is preparing a $100 million event-driven credit and special situations fund and has tapped Michael Thompson from affiliate Bay Harbour Management to oversee it.

  • Ex-Atticus Execs Line Up $100M For Launch

    November 09, 2009

    Ed Bosek and Noam Ohana, formerly of Atticus Capital, are zeroing in on the launch of their maiden fund and expect BeaconLight Capital to begin trading with $100 million on Jan 4.

  • Currency Vet Plots German Ucits Launch

    November 09, 2009

    Giuseppe Manieri, manager of Zurich hedge fund firm Arsago Group’s currency fund, has split off into his own company and is planning a Ucits-compliant version of his strategy.

  • Gresham Raises Third Aussie Buyout Fund

    November 09, 2009

    Sydney’s Gresham Private Equity is targeting an A$400-500 million final close for its Gresham Private Equity Fund No. 3 by the middle of next year.

  • NEPC Consultant Moves To EnTrust

    November 09, 2009

    Bryan Schneider, a senior consultant in hedge funds at NEPC, is leaving the firm to take a position in research at EnTrust Capital.

  • Reech Adds To Equity Offerings

    November 09, 2009

    Reech Alternative Investment Management has acquired the Chirin Asia Pacific and Chirin Absolute Alpha funds, a Pan-Asia long/short equity fund and a long-only Ucits III Asia ex-Japan offering.

  • Ex-Man CEO To Join Evolution Board

    November 09, 2009

    Chris Chambers, former ceo of Man Investments, is joining the Evolution Group, Financial News reports.

  • Permira Advisers Names Paris Head

    November 09, 2009

    Permira Advisers, manager of Europe’s biggest private equity fund, has appointed Benoit Vauchy as head of its Paris office, Bloomberg reports.

  • EBRD, Rabobank Launch PE Fund

    November 09, 2009

    The European Bank for Reconstruction and Development and the Rabobank Group are launching a new private equity fund to support businesses in Poland and EU member states.

  • Ex-UBS Directors Plan Transport HF

    November 09, 2009

    Ex-UBS managing directors Andrew Barker and Raymond Maguire are planning to launch a global transport fund backed by Tufton Oceanic Finance Group, Bloomberg reports.

  • Man’s Pretax Profit Beats Forecast

    November 09, 2009

    Man Group’s pretax profit has declined to $302 million in the six months through September, 8% more than the firm forecast at the end of that month, Bloomberg reports.

  • Galleon Converts Six HFs Into Cash

    November 09, 2009

    Galleon Group has converted almost all of its hedge funds into cash as it is seeking to wind itself down, The New York Times reports, citing a letter to investors.

  • Lime Rock Raises $410M For PE Fund

    November 09, 2009

    Private equity firm Lime Rock has closed its $410 million Lime Rock Resources II fund.

  • TPG, CPP To Buy IMS Health

    November 09, 2009

    TPG Capital and the Canada Pension Plan (CPP) are acquiring IMS Health for $4 billion, The Wall Street Journal reports.

  • KKR, General Atlantic Get $1B Loan

    November 09, 2009

    Barclays, Royal Bank of Canada and Deutsche Bank will provide $1 billion of debt to KKR & Company and General Atlantic, Bloomberg reports.

  • "There are some monstrous-sized families up there [in Canada], in terms of net worth."

    November 05, 2009

    --Jeffrey Everett, founder of Everkey Global Partners, on why he is going after the Canadian onshore market with his global long/short equity strategy.

  • Alternatives Manager Search Directory

    November 05, 2009

  • Mandate Scoreboard

    November 05, 2009

    The table below shows new allocation commitments gained by alternative managers this year through November 4

  • Performance Snapshot: Multi-Strategy Hedge Funds

    November 05, 2009


 

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