Stories

  • ABS Shop Hires Trader

    November 20, 2009

    Asset-backed securities and structured credit hedge fund Cannae Advisors has hired Peter Sheeran as a v.p. and asset-backed securities trader.

  • FX Concepts Embraces Artificial Intelligence

    November 20, 2009

    Currency-trading giant FX Concepts is working with a team of academics to apply the principles of machine learning—“the practical side of artificial intelligence”—to its quantitative trading strategies.

  • London Scheme Seeks FoFs

    November 20, 2009

    The £707 million pension scheme for the London Borough of Lambeth is seeking managers for a fund of hedge funds mandate.

  • Millennium To Launch Dynamic Hedging Strat

    November 20, 2009

    Currency asset manager Millennium Global Investments is planning to launch a new dynamic hedging fund.

  • GLG Signs Up To Calastone

    November 19, 2009

    Calastone, the provider of electronic distribution for the mutual fund industry, has added hedge fund, GLG Partners, Mondovisione reports.

  • Gartmore Preps Ucits Japan L/S Fund

    November 19, 2009

    Gartmore is planning to roll out the Gartmore Japan Absolute Return (GJAR) fund, Citywire reports.

  • Armajaro Adds Sales Exec

    November 19, 2009

    Armajaro Asset Management has appointed Roxanne Sargent as co-head of sales and marketing.

  • K1 Closes Second Investment Fund

    November 19, 2009

    K1 Group will close another investment fund and return money to creditors and investors, Financial Times reports.

  • SAM Capital Partners Hires COO

    November 19, 2009

    SAM Capital Partners has hired Andrew Kennedy as its chief operating officer.

  • Warburg Pincus Hires Ex-Schering CEO

    November 19, 2009

    Private equity firm, Warburg Pincus, has hired Fred Hassan as senior adviser, The Wall Street Journal reports.

  • Citi Redeems $250M HF Investment

    November 19, 2009

    Citigroup has redeemed its $250 million investment in Claren Road Asset Management, a hedge fund it helped launch in 2005, people familiar with the matter told The Wall Street Journal.

  • Paulson Preps Gold Fund

    November 19, 2009

    Paulson & Company, the hedge-fund firm run by billionaire, John Paulson, is launching a gold fund, The Wall Street Journal reports.

  • Credit Suisse Director Departs

    November 19, 2009

    Marko Sobic, director and sector head for event-driven investing at Credit Suisse Asset Management, has left the firm.

  • Ex-Lehman Exec Starts New Firm

    November 19, 2009

    Jeffrey Ferrell, who used to run the life sciences and healthcare investment business at Lehman Brothers, has founded Athyrium Capital Management and launched its maiden fund.

  • Swiss TPM Eyes Brazilian Funds

    November 19, 2009

    3pm, a Zurich third-party marketing firm run by four JPMorgan veterans, is working on a “big project” for 2010 that will focus primarily on Brazil, according to Co-Founder Dieter Lüscher.

  • S4 Charged With Overly-Risky Trading

    November 19, 2009

    The Securities and Exchange Commission has launched an administrative proceeding against S4 Capital and CEO Sharath Sury, claiming they secretly risked and lost client money.

  • Emerging Markets Hedge Funds Gain In 3Q09

    November 18, 2009

    Hedge funds in emerging markets continue to gain, making up for 2008 losses, according to the third quarter data from Hedge Fund Research.

  • U.K. To Oppose EU’s HF Pay Rules

    November 18, 2009

    The U.K. government will oppose a European Union plan to impose bank pay legislation on hedge-fund managers and private-equity firms, Bloomberg reports.

  • PAI Investors Seek Larger Cut In Fund

    November 18, 2009

    Investors in buyout firm, PAI Partners, which include Canada Pension Plan Investment Board (CPPIB), are seeking to cut their commitments by 63%, Bloomberg reports.

  • Sagard Mulls $1.5B Fund Extension

    November 18, 2009

    French buyout firm, Sagard Private Equity Partners, is planning to extend the investment period of its $1.5 billion fund, sources told Financial News.

  • Odyssey Rolls Out Euro Hotel Fund

    November 18, 2009

    Odyssey Fund Management has unveiled the Odyssey European Hotel Fund (OEHF) for institutional investors, Property Magazine reports.

  • SAC Disposes 90% BofA Stake

    November 18, 2009

    SAC Capital Advisors has sold more than 90% of its stake in Bank of America, while boosting its holdings in other companies to more than $10 billion in the third quarter, The Business Insider reports.

  • Soros Fund Ups U.S. Holdings To $6.2B

    November 18, 2009

    Soros Fund Management has raised its U.S. stocks holdings to $6.2 billion from $4.2 billion, The Associated Press reports.

  • Apollo Seeks NYSE Listing

    November 18, 2009

    Apollo Management is seeking to list on the New York Stock Exchange (NYSE), people familiar with the matter told the Financial Times.

  • Solent To Split Amid Multiple Selloffs

    November 18, 2009

    London's Solent Capital Partners is in the process of selling off all of its businesses.

  • Ex-Ibis Marketer Starts Own Firm

    November 18, 2009

    Madeleine Frowein, former head of marketing and business development at Ibis Management, has formed GAIA International, a third party marketing firm in New York.

  • Toronto Quant Firm Seeks Seed Money

    November 18, 2009

    King’s Crossing Capital, a Toronto-based hedge fund firm, is seeking seed money for its first pooled fund, which spans all four of its quantitative trading models.

  • Park Place Eyes Joint Ventures

    November 18, 2009

    Park Place Capital is looking at how it could collaborate with other hedge fund firms.

  • Alpha Real, Rockmount Unveil £400M Fund

    November 17, 2009

    Property fund manager Alpha Real Capital has launched a £400 million U.K. real estate fund, Property Week reports.

  • Ex-Renaissance MD Launches $350M FoF

    November 17, 2009

    Robert Frey, former managing director at hedge funds firm, Renaissance Technologies, is launching a new fund, Reuters reports.

  • Blackstone COO Sells Stake For $67.5M

    November 17, 2009

    Blackstone COO Tony James has unloaded 8.5% of his family stake in the private equity firm for $67.5 million, AltAssets reports.

  • Paulson Buys Citi, Sells Goldman

    November 17, 2009

    The hedge fund group of John Paulson purchased 300 million shares of Citigroup during the third quarter, Bloomberg reports, citing a recent SEC filing.

  • Lazard Names Chairman, CEO

    November 17, 2009

    Lazard’s board of directors has named Kenneth Jacobs as chairman of the board of directors and chief executive officer, effective immediately.

  • Pershing To Oppose Landry’s $1.2B Buyout

    November 17, 2009

    Pershing Square Capital Management will oppose a planned takeover of Landry’s Restaurants by its CEO, Tilman Fertitta, Reuters reports.

  • TPG Lets Investors Cut Fund Commitment

    November 17, 2009

    TPG is giving investors in its specialized financial vehicle, TPG Financial Partners, an opportunity to scale down their commitments, Financial Times reports.

  • Greylock Looks To Russia

    November 17, 2009

    New York emerging markets firm Greylock Capital Management’s maiden fund is looking to increase its exposure to Russian and Eastern European debt.

  • Lyxor Plans U.S. Onshore Accounts

    November 17, 2009

    Lyxor Asset Management is planning several initiatives linked to its managed-account business, including an onshore platform for U.S. investors.

  • Cleantech PE Firm Launches Second Version

    November 17, 2009

    London’s Zouk Ventures has rolled out a second version of its cleantech private equity strategy.

  • Chicago TPM To Offer Targeted Services

    November 17, 2009

    Bull and Bear Capital, a startup Chicago-based third party marketing and investor relations firm, is now offering customizable packages to its hedge fund clients.

  • Skystone Preps L/S HC Fund

    November 16, 2009

    Skystone Capital Management, which Founder Kerry Nelson spun-out of Highbridge Capital Management in 2006, is preparing to launch a global long/short healthcare fund in the first quarter next year.

  • Court Rejects Kiener’s Bail Plea

    November 16, 2009

    A German court has denied bail to hedge fund manager, Helmut Kiener, from pretrial detention, Bloomberg reports.

  • Brevan Howard Co-Founder Quits

    November 16, 2009

    Jean-Philippe Blochet, one of the founders of Brevan Howard Asset Management, has left the hedge fund, Bloomberg reports.

  • Threadneedle Macro Trading Up 15% In Y1

    November 16, 2009

    The Threadneedle Macro Trading Crescendo Fund has beat its benchmark via a 15.59% return since its inception in October 2008.

  • 3i Revamps Fund-Raising Staff

    November 16, 2009

    Private equity firm, 3i, is reorganizing senior executives in its fund-raising division, The Wall Street Journal reports.

  • Future Capital Expands Biz Development Team

    November 16, 2009

    Future Capital Partners (“FCP”), the £6 billion alternative investment boutique, has hired Andrew Derrington to join its business development team.

  • GAM Introduces GAM Star Global Rates

    November 16, 2009

    GAM has expanded its range of UCITS III funds via the creation of an onshore version of its global macro interest rate and currency strategy, managed by Investment Director Adrian Owens.

  • Touradji Buys $84.7M Barrick Gold Shares

    November 16, 2009

    New York hedge fund firm, Touradji Capital Management, has acquired 2.23 million shares of Barrick Gold, the world’s biggest gold producer, Bloomberg reports.

  • Picard Disqualifies Sterling In Madoff Case

    November 16, 2009

    New York-based Sterling Equities has been disqualified by Irving Picard, the trustee recovering money on behalf of victims of the Bernard Madoff fraud, The New York Times reports.

  • Kayne Plots Student-Housing Rollout

    November 16, 2009

    Kayne Anderson Real Estate Partners will begin fundraising for its second student-housing private equity fund in September 2010.

  • Liongate Plots Middle East Growth

    November 16, 2009

    Liongate Capital Management, the $2.3 billion London fund of hedge funds firm, is planning to build a team in Dubai as it seeks to grow its business in the Middle East and North Africa.

  • CIC Taps Ex-Tudor Exec For HF Investments

    November 13, 2009

    China’s sovereign wealth fund, China Investment Corp., has hired ex-Tudor Investment Corp. Manager Bill Lu to manage its hedge fund investments,

  • GLG Plans Five Ucits Funds

    November 13, 2009

    GLG Partners will roll out five absolute return funds into the U.K. market, using the new Investment Management Association (IMA) reporting status rules, Fund Strategy reports.

  • Clive Shuts Gates On New Investors

    November 13, 2009

    London-based commodity hedge fund, Clive Capital, is barring new investors two years after its launch, Financial Times reports.

  • 3i Sees Positive Return In H1

    November 13, 2009

    3i Group has posted a small positive return in the first half as the benefit of rising stock markets on the value of its portfolio was offset by falling earnings, Financial Times reports.

  • Hermes BPK Partners Hires Analyst

    November 13, 2009

    Hermes BPK Partners, the fund of hedge fund partnership within Hermes Fund Managers, has hired Pierluigi Ricchiuti as senior analyst of credit strategies.

  • Gauzes Urges Flexible Limits For Hedgies

    November 13, 2009

    Jean-Paul Gauzes is urging flexible limits rather than a strict cap on the borrowed money used by hedge funds and private equity firms to boost their returns, The Wall Street Journal reports.

  • Allied Capital Wins Fraud Suit Dismissal

    November 13, 2009

    A U.S. district judge has dismissed a shareholder lawsuit against Allied Capital, which charged it with hiding that one of its units fraudulently offered loans backed by the government, Bloomberg reports.

  • Paulson Builds On Cadbury Stake

    November 13, 2009

    Paulson & Company has increased its stake in Cadbury to 2.54%, Reuters reports. Billionaire John Paulson’s fund now holds a total of 34.9 million shares in the British confectioner.

  • Ex-Trafelet, Kynikos Execs Start Fund

    November 13, 2009

    Wayne Chambless, Stephen Schurr, and Ted Geary have co-founded Harrier Hawk Management and launched an onshore and offshore fund with a collective $100 million.

  • "The sweaty prostitutes started coming out of corners."

    November 12, 2009

    --Troy Downing, principal at private equity firm Equity Based Services, on what happened when a Las Vegas storage facility turned off the electricity.

  • Alternatives Manager Search Directory

    November 12, 2009

  • Mandate Scoreboard

    November 12, 2009

  • Performance Snapshot: Fixed-Income Hedge Funds

    November 12, 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?

 - 33%
 - 67%

View previous results