Stories

  • Pensions To Invest More In Hedge Funds

    November 25, 2009

    Pension plans are expected to put more money into hedge funds, specifically distressed, long/short equity and macro strategies, according to a Banc of America Securities-Merrill Lynch research report.

  • Connecticut Slates Absolute Return, Real Asset Searches

    November 25, 2009

    The Investment Advisory Council for the $22 billion Connecticut Retirement Plans and Trust Funds will search for managers to oversee a combined $1.2 billion in absolute return and real asset mandates.

  • Trading Bigwigs Fire Up Asian Shop

    November 25, 2009

    Remi Colinmaire, a former equity index trader from Goldman Sachs, and Serge Handjian, the former head of equity derivatives trading for Japan at Barclays Capital, have formed an equity prop and market-making outfit, RSR Capital, in Singapore.

  • October’s Flat Returns Snap Winning Streak

    November 25, 2009

    Hedge funds’ seven month positive performance streak, returning a cumulative 15.67%. came to an end in October as the composite index lost 0.16%.

  • Aureos Plots Second Southeast Asia Fund

    November 25, 2009

    Aureos Capital is looking to raise $250 million for a Southeast Asia fund, its second to focus on the region.

  • N.Y. Firm Preps Unusual India-Infrastructure Fund

    November 25, 2009

    Veda Asset Management, founded by Ridaa Murad, former head of Bear Stearns' India equity group, is preparing to launch an infrastructure fund.

  • ABN Vets Plot Multiple Rollouts

    November 25, 2009

    Aethra Asset Management, an Amsterdam- and London-based shop set up by the two former heads of ABN Amro Asset Management’s tactical asset allocation business, will launch two highly-liquid hedge funds among a range of rollouts.

  • Abraaj Capital Buys VC Firm

    November 24, 2009

    Abraaj Capital Group has agreed to buy Riyada Ventures, a venture capital firm in the Middle East & North Africa region.

  • Citadel Capital Lists On Egypt Bourse

    November 24, 2009

    Private equity firm, Citadel Capital, has listed its shares on Egypt’s stock exchange, as it prepares for a rights issue, Financial Times reports.

  • J.C. Flowers Expands London Office

    November 24, 2009

    J.C. Flowers & Co. (JCF) has made two senior appointments for its London office. The firm names Dr. David Morgan as managing director, JCF Europe and Asia Pacific, and Sir Callum McCarthy as the first chairman of JCF Europe.

  • Hedge Funds Nearing Pre-Recession Levels

    November 24, 2009

    Inflows into hedge funds have pushed funds into positive territory and influenced a rebound that will see sector boast a collective $1.75 trillion under management by year’s end, Reuters reports, citing Morgan Stanley.

  • Apollo Renews NYSE Listing Plans

    November 24, 2009

    Apollo Global Management has renewed its efforts to list its shares publicly on the New York Stock Exchange (NYSE) by early next year The Wall Street Journal reports.

  • Bond Shop Likes Paper

    November 24, 2009

    Phoenix Investment Adviser, which manages a long/short fixed-income strategy in New York, sees an abundance of opportunities in the paper industry.

  • Calif. Firm Touts Global Healthcare Fund

    November 24, 2009

    San Francisco-based Ayer Capital Management has begun fundraising for its long/short healthcare strategy that invests in both developed and developing markets.

  • IBM Unit Plans Big Move Into Alternatives

    November 24, 2009

    IBM’s EUR2.6 billion Dutch pension fund is planning a 15% shift in its asset mix towards alternatives.

  • StormHarbour Adds Hedge Fund Exec

    November 24, 2009

    London boutique StormHarbour Partners has hired Nicolas Andine, founder of hedge fund Talaris Capital Partners, as a senior partner in credit, equity, and mergers and acquisitions.

  • London TPM To Target Family Offices

    November 24, 2009

    High Tower Finance, a new third-party marketing firm in London, is planning to set up a group to focus on the European family office market.

  • Insparo Hires For Africa, MidEast Fund

    November 23, 2009

    Insparo Asset Management has Jamie Allsopp amid plans to ramp up the marketing and investment strategy of its Insparo Africa & Middle East Fund.

  • UBS Hires Ex-ICAP Trader For HF Sales

    November 23, 2009

    UBS has appointed David Knight as managing director, Bloomberg reports. Knight will lead a sales team that caters to hedge funds.

  • Thames River Plans Absolute Return FoF

    November 23, 2009

    Thames River Capital will roll out a fund of absolute return funds in December 2009, Financial Times reports.

  • Henderson To Launch Three HFs

    November 23, 2009

    Henderson Global Investors is planning to roll out three hedge funds, Financial News reports.

  • E.ON, Fink Launch €750M Green Fund

    November 23, 2009

    Former Man Group CEO, Stanley Fink, has joined hands with German power company, E.ON, to market a sustainable infrastructure fund seeking to raise €750 million, Financial News reports.

  • Carlyle To Bid €700M For GasNat Assets

    November 23, 2009

    Carlyle, the U.S. private equity group, will place its bid for the assets of Spain’s Gas Natural, Financial Times reports.

  • Reech Aim Adds Strategic Advisory Board

    November 23, 2009

    Reech AiM Group has launched its strategic advisory board, which will offer a forum for the pooling and expressing opinions on issues related to strategic choices and orientations.

  • Nomura To Halt U.S. REIT Subscriptions

    November 23, 2009

    Nomura Asset Management is planning to suspend new subscriptions of the U.S. REIT investment trust fund, Reuters reports.

  • Highstar To Inject $1.3B In Baltimore Port

    November 23, 2009

    A syndicate of investors led by private equity firm, Highstar Capital, will invest about $1.3 billion for the expansion of the Port of Baltimore, The Wall Street Journal reports.

  • Chieftain Capital Breaks Up

    November 23, 2009

    Chieftain Capital Management has split up in two, due to personality conflicts among its leaders, The Wall Street Journal reports.

  • Paulson Hires Analysts For Gold Fund

    November 23, 2009

    John Paulson has hired two gold analysts for his new gold fund, The Wall Street Journal reports.

  • Highland Plots Unlevered Credit Fund

    November 23, 2009

    Highland Capital Management, which has approximately $25 billion under management, is preparing to launch a new credit strategy which will begin trading early next year.

  • Crestwood Hires Former Goldman Staffer

    November 23, 2009

    Asher Hochberg, formerly of Goldman Sachs, has joined Crestwood Capital Management as a senior analyst covering all sectors and market-caps.

  • London Boutique Eyes Ucits

    November 23, 2009

    SAM Capital Partners is considering launching a Ucits version of its $30 million SAM Capital Partners Equity Opportunities Fund.

  • Finles May Co-Manage New Fund

    November 23, 2009

    Finles Capital Management, the Utrecht fund of funds firm that also runs the Finles/IEX Dutch Hedge Fund Index, is in talks about setting up a new fund of hedge funds that would be co-managed by its day-one investor.

  • Ontario Teachers Vet Eyes New Quant Strats

    November 23, 2009

    King’s Crossing Capital, the quantitative hedge fund firm led by former Ontario Teachers Pension Plan Portfolio Manager Richard Whelan, is likely to add more strategies to its range.

  • New Dubai Alts Firm Plans $700M Fund

    November 20, 2009

    Shailesh Dash, the private equity head of Global Investment House, has set up an alternative investment firm, AltAssets reports.

  • FoF Market Exposure Below Average

    November 20, 2009

    Funds of hedge funds show low exposure after the liquidity crisis and gross exposures below historical levels, according to a recent update from S&P Fund Services.

  • Salus Alpha Unveils Commodity Arb Fund

    November 20, 2009

    Salus Alpha has introduced a commodity arbitrage fund, the Salus Alpha Commodity Arbitrage, HedgeWeek reports.

  • U.K. Bill Aims To Curb Short-Selling

    November 20, 2009

    The U.K. has proposed a bill which gives the Financial Services Authority (FSA) powers to suspend “abusive” short selling, Bloomberg reports.

  • Pinnacle To Buy Birds Eye For $1.3B

    November 20, 2009

    Blackstone Group-owned Pinnacle Foods Group is planning to buy Birds Eye Foods for $1.3 billion, The Wall Street Journal reports.

  • Blackstone, Citi In Talks Over Auto Unit

    November 20, 2009

    Blackstone has held informal talks with Citigroup over its auto loan division, New York Post reports.

  • Carlyle To Invest In CT Rest Stops

    November 20, 2009

    Private equity firm, Carlyle Group, has inked a deal with Connecticut to upgrade and operate the state’s rest stops in return for share of their revenues, The Wall Street Journal reports.

  • Triple A On Verge Of Seeding Reboot

    November 20, 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.

  • ALTERNATIVE VIEWPOINT: Forget Blind Faith--Do Your Homework!

    November 20, 2009

    I love the old adage that paraphrases as, "the future is the hardest thing to predict".

  • "Let's forget for the moment that some of them wouldn't know a short if they fell over it. Now the promise is the new absolute-return long/short fund managed by Ura Loser and Ima Winner."

    November 20, 2009

    --Ian Morley, chairman of Allenbridge Hedge, on former long-only managers launching hedge funds in search of higher fees.

  • Alternatives Manager Search Directory

    November 20, 2009

  • Mandate Scoreboard

    November 20, 2009

  • Performance Snapshot: Global Macro Hedge Funds

    November 20, 2009


 

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