Stories

  • Asia Hedge Fund Giant Bets On EcoTech

    December 03, 2009

    Asia’s biggest hedge fund company Sparx Group Co. plans to raise 20 billion yen ($230 million) for a fund that will in environmental technology companies involved in carbon emissions cuts.

  • Autonomy Capital Hires Deephaven COO

    December 03, 2009

    London hedge fund manager, Autonomy Capital Group, has appointed Scott Nelson in its management team.

  • BlueCrest OKs Rusal $7.4B Debt Revamp

    December 03, 2009

    UC Rusal has secured the approval of London hedge fund BlueCrest Capital Management on its $7.4 billion debt restructuring proposal.

  • Carlyle Plans $100M Brazil Deals

    December 03, 2009

    Carlyle Group is considering two or three deals in Brazil. The deals may be in the range of about $100 million, said the private equity firm’s co-founder, David Rubenstein.

  • Petters Found Guilty Of $3.65B Ponzi

    December 03, 2009

    Minnesota businessman, Tom Petters, has been found guilty of operating a $3.65 billion Ponzi scheme.

  • Ex-Paulson Manager To Short MBS

    December 03, 2009

    Hedge fund manager, Paolo Pellegrini, is planning to return to the PSQR Capital strategy.

  • Hedge Fund Closings Hit FoFs

    December 03, 2009

    Hedge fund closings during the first 10 months of 2009 amounted to 215 hedge funds, with funds of hedge funds taking the biggest hit, according to recent data from eHedge.

  • FoFs Keep Low Exposure Amid Transitional Market

    December 03, 2009

    Funds of hedge funds have exhibited low exposure amid the liquidity crisis and are showing single-digit returns for 2009 to date, according to an S&P report.

  • Paulson Banking On Gold Firm Stakes

    December 03, 2009

    Hedge fund giant John Paulson may have banked about $44 million in less than five weeks from his Detour Gold Corp. holding.

  • Sterling Calls Abound As Dubai Woes Subside

    December 03, 2009

    Hedge funds have been buying up calls on sterling against the euro and U.S. dollar, following news that U.K. banking and construction sector exposure to Dubai was not as bad as feared.

  • Diamondback Hires CCO

    December 03, 2009

    Diamondback Capital Management has hired Bentley Anderson as chief compliance officer and deputy general counsel.

  • Ex-Pershing Partner To Form Fund

    December 03, 2009

    Mick McGuire, former partner at Bill Ackman's Pershing Square Capital Management, has formed Marcato Capital Management and is preparing to launch its maiden hedge fund early next year

  • Belay Taps Daiwa For HF Admin

    December 02, 2009

    Daiwa Securities Global Asset Services Ireland has been tapped by Belay Partners London to offer administration services to its new Cayman-domiciled hedge fund, The Belay Master Fund.

  • RAB Hires Ex-Friends Provident CEO

    December 02, 2009

    London-based hedge fund manager RAB Capital has appointed Philip Moore as a non-executive director, Financial Times reports.

  • U.K. Funds Stick To Alts

    December 02, 2009

    British fund managers continue to build positions in alternative assets amid collective views that alts will trump conventional investments, such as stocks and bonds, in 2010, according to a Reuters.

  • Luxembourg Financial Unveils HF Platform

    December 02, 2009

    Luxembourg Financial Group has introduced a platform to aid hedge funds in creating European regulated funds, Bloomberg reports.

  • SEC Subpoenas HFs For Possible Insider Trading

    December 02, 2009

    About three dozen hedge funds and brokerages have been subpoenaed by the Securities and Exchange Commission within the past month for potential insider-trading violations, The Wall Street Journal reports.

  • Carlyle Gives 80% Fee Income To Investors

    December 02, 2009

    Carlyle Group will give investors in its Carlyle Partners Fund V a bigger part of fee income, two people familiar with the matter told Bloomberg.

  • Ex-Citi Vets Launch $300M HF Firm

    December 02, 2009

    Four founding partners of ex-Citigroup hedge fund, Old Lane, have set up a hedge-fund firm, The Wall Street Journal reports.

  • PCE Unveils Multi-Strat For Ex-J.P.Morgan Trader

    December 02, 2009

    London’s PCE Investors has launched the KS Fund—a global multi-strategy offering that is managed by Krzystof Szczawinski, who was previously an executive director in prop trading at J.P. Morgan.

  • Philly Options Mart Allows Tied Hedges

    December 02, 2009

    Nasdaq OMX Phlx has granted institutional broker/dealers an exemption to its bar on anticipatory hedging, by allowing them to use so-called tied hedge orders in limited circumstances.

  • Group Pans Fund Merger Advice

    December 02, 2009

    The U.K. Investment Management Association has criticized proposed advice from the Committee of European Securities Regulators to the European Commission on fund mergers.

  • Execution Plans Swiss Office

    December 01, 2009

    Broking firm, Execution, is planning to open an office in Switzerland to serve hedge fund clients based in the country, Financial News reports.

  • Kuwaiti Group Sues Carlyle

    December 01, 2009

    Carlyle Group has been sued by a Kuwaiti conglomerate, Financial Times reports.

  • Laffitte Capital Rolls Out Ucits HF

    December 01, 2009

    Laffitte Capital Management has unveiled the Laffitte Equity Arbitrage fund, Reuters reports.

  • GLG Adds New Fee Structure To EM Fund

    December 01, 2009

    On the heels of the UK Select Fund, GLG Partners is adding a similar charging structure to its Global Emerging Markets Fund, and applying a new remit geared at amore unconstrained investment approach, MRM reports.

  • Liontrust To Unveil Four HFs In ‘10

    December 01, 2009

    Liontrust will roll out the European Value, Global Equity, Strategic Bond and Ucits III Credit Hedge funds in the first quarter of next year, Financial Times reports.

  • PE Group, ILFC CEO Eyes AIG Unit Stake

    December 01, 2009

    American International Group (AIG) could receive a bid for about half of its aviation-leasing unit from a group of private equity investors, Financial Times reports.

  • State Street To Expand Alt Services Via Merger

    December 01, 2009

    State Street Corporation announced plans to expand its global fund administration and alternative servicing offerings via an agreement to buy Mourant International Finance Administration (MIFA).

  • Judge Dismisses Madoff Investor Appeal

    December 01, 2009

    Martin Rosenman, who allocated $10 million to Bernard Madoff on behalf of Rosenman Family, has lost a legal bid to recover the money, Bloomberg reports.

  • BlackRock, Barclays Close Merger

    December 01, 2009

    BlackRock has completed its merger with Barclays Global Investors, including exchange traded funds business iShares.

  • Cleveland Firm Plots Offshore

    December 01, 2009

    Capital Works, a $100 million hedge fund and private equity firm based in Cleveland, is preparing to unveil an offshore version of its domestic long/short equity fund in the first quarter next year.

  • Artist Fund Eyes UK Market

    December 01, 2009

    The New York-based Artist Rare Instrument Fund is studying the U.K.’s inheritance tax laws to see if there is a tax break for potential investors in its fund, which invests in rare violins, violas and cellos (totalalternatives.com, July 20).

  • Stenham Protects Portfolios, Diversifies Currency

    December 01, 2009

    Stenham Asset Management has increased the notice period for three of its funds of funds, although it continues to offer monthly liquidity for each of these.

  • Olympics, World Cup Have Investors Racing To Amazon

    December 01, 2009

    With Brazil hosting the World Cup in 2014 and the Olympics in 2016, investment opportunities in infrastructure are vast, and both foreign and local investors will put more money to work in the next few years.

  • Lyxor Mulls Japan Hedge Fund Investments

    November 30, 2009

    Societe Generale unit Lyxor Asset Management is thinking about in investing more in Japanese hedge fund managers in 2010 in anticipation of a recovery, Bloomberg reports.

  • Fidelity’s Bolton Plans China Fund

    November 30, 2009

    Anthony Bolton, ex-Fidelity International fund manager, is set to launch a new China-focused fund, Financial Times reports.

  • Gartmore Expands Euro Fund Capacity

    November 30, 2009

    Gartmore Investment Management is planning to issue 70 million shares on its European Absolute Return fund, Financial Times reports.

  • Trafalgar Adds Ex-Cheyne HF Manager

    November 30, 2009

    Josh Jacobson has joined London-based hedge fund firm, Trafalgar Capital Management, as partner and senior portfolio manager, HedgeWeek reports.

  • Soros, Albright, Rothschild In $350M Deal

    November 30, 2009

    U.S. hedge fund manager, George Soros, has tied up with Madeline Albright and Jacob Rothschild, to set up a company which will build mobile masts in Africa, Financial News reports.

  • SLI Plans $295M Recovery Fund

    November 30, 2009

    Standard Life Investments (SLI) is planning to set up a $295 million pan-European recovery fund, Property Week reports.

  • Sweden Drafts New HF Rules

    November 30, 2009

    Sweden has drafted new rules to regulate hedge funds and private equity firms, The Wall Street Journal reports.

  • Avenue Capital Leads Six Flags Restructuring

    November 30, 2009

    An Avenue Capital Management-backed alternative plan was submitted for the restructuring of the bankrupt theme park company, Six Flags, which would see most of the equity get transferred to the noteholders, Reuters reports.

  • Hedgies To Continue Momentum

    November 30, 2009

    Hedge funds and equity markets will continue to see positive results into December, according to predictions from Hennessee Group.

  • Denver Firm Preps Offshore Fund

    November 30, 2009

    Big 5 Asset Management is preparing to roll out an offshore version of its maiden fund on Jan. 4.

  • Fund-Linked Mart Returns

    November 30, 2009

    Royal Bank of Canada and Société Générale say they’re seeing strong interest in principal-protected notes and call options linked to baskets of hedge funds—a sign the slumbering fund-linked derivatives market may be waking up.

  • Europe Aims To Tighten Hedgie Pay, Shorting

    November 27, 2009

    The European Parliament and member states are devising their own responses to a European Commission proposal on hedge fund regulation.

  • FRM Plans $1B Fund In Principia Range

    November 27, 2009

    Financial Risk Management (FRM), a fund of hedge funds group, is hoping to raise $1 billion for the first fund in its new Principia range, Financial News reports.

  • Wendel, KKR Place €555M Legrand Shares

    November 27, 2009

    Kohlberg Kravis Roberts (KKR) and Wendel have placed 30 million shares jointly held in French electric equipment group, Legrand, The Wall Street Journal reports.

  • Galleon Founder Rebuffs SEC Charges

    November 27, 2009

    Galleon Group Founder Raj Rajaratnam has denied insider trading charges and said government wiretaps violate his rights, Reuters reports.

  • Illinois Man Suspected Of Hedge Fund Fraud

    November 27, 2009

    Illinois businessman Jay Nolan is in federal custody and was set to appear in court on allegations that he defrauded individuals who invested in a hedge fund under his management, Chicago Sun Times reports.

  • Northern Trust Adds Hedge Fund Compliance Tool

    November 27, 2009

    Northern Trust has launched of a new set of compliance monitoring capabilities for hedge funds, through enhancements in its hedge fund monitor offering.

  • Funds Dive Into Private Equity

    November 27, 2009

    The $66 billion North Carolina Retirement System has launched a search for in-state private equity managers and the $11 billion Kansas Public Employees Retirement System is considering upping its exposure to the asset class.

  • OCERS Eyes Alts For Real Return

    November 27, 2009

    The board of the $7.4 billion Orange County Employees Retirement System will look at alternative investments in order to build out its real return allocation to 13% from 10%.

  • Corporates Scoop Euro Calls

    November 27, 2009

    Corporates have been buying up short-term calls on the euro against the U.S. dollar this week, following results of a survey by the Munich-based IFO Institute for Economic Research showing rising confidence in commerce and news that gross domestic product in Germany rose 0.7% for the third quarter.

  • Credit Firm To Broaden Reach With New Fund

    November 26, 2009

    London fixed-income shop TwentyFour Asset Management is preparing to launch its second fund early next year, which will have a wider investment remit than its first.

  • FX Concepts Embraces Artificial Intelligence

    November 25, 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.

  • "No one wants to risk their client's reputation or investments with a fund floating on an island somewhere."

    November 25, 2009

    --Christopher Sullivan, founder of third-party marketing outfit High Tower Finance, on why he only wants to work with funds that are platform- or Ucits-compatible.

  • Alternatives Manager Search Directory

    November 25, 2009

  • Mandate Scoreboard

    November 25, 2009

  • Performance Snapshot: Funds Of Hedge Funds

    November 25, 2009

  • Hedge Fund Strategy Performance - October 2009

    November 25, 2009


 

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