Stories

  • Aussie Funds Post Meager Gains In Nov.

    December 10, 2009

    Australian hedge funds gained about 1.9% last month amid an equity market rebound. The Australian Fund Monitors Index, which follows in excess of 200 hedge funds, saws its increase reach 19.7% this year, according to reports from 33% of single funds.

  • New Fund Targets Illiquid Assets

    December 10, 2009

    Culross Global Management has launched a new fund dubbed LT Alpha that will target well-priced credit assets that are difficult to sell.

  • GLG Launches Global Equity Fund

    December 10, 2009

    GLG Partners has unveiled the GLG Global Equity Tactical fund. The new fund deploys capital to existing management teams across five portfolios - relative value, emerging markets, volatility trading, financial-services stocks and pan-European equities.

  • Ex-Nuon Trader Plans Energy HF

    December 10, 2009

    A former trader at Dutch energy company, Nuon, is looking to set up an energy hedge fund on Jan. 18 with Adapto Advisors.

  • Ex-Ropes Lawyer Admits To Galleon Involvement

    December 10, 2009

    A former Ropes & Gray lawyer has admitted to conspiring with others involved with the Galleon fraud and insider trading scandal.

  • Citadel Securities Exec Quits

    December 10, 2009

    Peter Santoro, head of institutional markets at Citadel Securities, an investment-banking unit of Citadel Investment, has left the firm. Chris Boas, who was head of structured credit at Citadel’s hedge funds business, will run the Citadel Securities credit-markets business

  • Culross Enters Illiquid Credit

    December 10, 2009

    Culross Global Management has unveiled a credit-focused fund of funds that will give investors access to a range of illiquid opportunities.

  • N.Y. Firm Targets Alts Investors With Unique T.V. Projects

    December 10, 2009

    Ronald England, founder of New York-based Westbrook Capital, is seeking hedge fund and private equity investors for single project-finance deals in non-fiction programming.

  • Simpson Capital Settles Late-Trading Case

    December 10, 2009

    Simpson Capital Management and two of its senior officials have settled a Securities and Exchange Commission administrative proceeding alleging that they engaged in late trading.

  • Swiss L/S Firm Trumped By Big Managers

    December 10, 2009

    Zug Finance, a Swiss long/short equity shop that broke away from Zulauf Asset Management several months ago, is trying to rebuild its asset base but is struggling to find investor demand.

  • Future Adds Head Of Sales

    December 10, 2009

    Future Capital Partners has appointed Piers Denne in an expanded role of head of sales and marketing.

  • Mount Sinai Eyes Long/Short Equity

    December 10, 2009

    Mount Sinai Medical Center plans to increase its allocation to long/short equity at the expense of long-only holdings, according to CIO Scott Pittman.

  • CS/Tremont Index Expects Nov. Gain

    December 09, 2009

    The Credit Suisse/Tremont Hedge Fund Index is expected to have closed November up 2.29%, according to data from 71% of assets reporting.

  • U.K. Wants HFs To Work With Spain

    December 09, 2009

    The United Kingdom government is asking its hedge funds and private equity firms to work with Spain on new pan-European regulation.

  • Paulson Bullish On Credit

    December 09, 2009

    Hedge fund billionaire John Paulson revealed his market outlook, exposing an interest in the credit market at a talk at New York’s Japan Society.

  • Third Quarter Openings Trump Hedge Fund Closings

    December 09, 2009

    The third quarter hedge fund sector results offered hope for the industry, as new fund openings outweighed liquidations, according the Hedge Fund Research Market Microstructure Industry Report.

  • Clive Capital Closes HF To New Investors

    December 09, 2009

    Clive Capital has closed its $3.98 billion commodities hedge fund to new investors.

  • SAC-Linked Psychiatrist Kiev Dies

    December 09, 2009

    Ari Kiev, a psychiatrist noted for his association with Steven Cohen’s SAC Capital Management, died on Nov. 18 in Manhattan from cancer-related complications.

  • Friedberg Macro Fund Eyes Capacity

    December 09, 2009

    Niagara Capital Partners, the Toronto shop that is the exclusive sales agent for Friedberg Mercantile Group’s $656.2 million Friedberg Global Macro Hedge Fund, is looking to grow the fund to capacity by raising an additional $60-70 million.

  • Blackstone Preps New Seeding Fund

    December 09, 2009

    Blackstone Alternative Asset Management, the $28 billion fund of funds unit within The Blackstone Group, is preparing to launch a second seeding fund.

  • Ex-Rotella Pro Eyes New CTA Models

    December 09, 2009

    Molinero Capital Management, the London CTA firm led by a veteran of Rotella Capital Management, is planning to build out its strategy with the addition of new quantitative models.

  • Infonic Adds Board Member

    December 08, 2009

    Funds of hedge fund service provider Infonic has appointed Ian Morley to its board of directors.

  • HF Rules To Hit Europe Growth Rate

    December 08, 2009

    The proposed hedge fund and private equity rules by the European Commission may cost the region 0.1-0.2% in annual economic growth, according to a study commissioned by the European Parliament.

  • Banyon HF Loses $775M In Rothstein Fraud

    December 08, 2009

    Hedge fund firm, Banyon Investments, has lost $775 million in the alleged Ponzi scheme run by Scott Rothstein.

  • Nicholson May Plead Guilty To Ponzi Charges

    December 08, 2009

    Hedge fund manager, James Nicholson, is likely to plead guilty of an about $150 million Ponzi scheme.

  • Cohmad Seeks Dismissal In Picard Suit

    December 08, 2009

    Cohmad Securities, co-founded by Bernard Madoff, is seeking dismissal for majority of a $245 million lawsuit filed by Irving Picard.

  • Ex-SAC, Pequot Managers Launch HF Firm

    December 08, 2009

  • L.A. Platform Preps First Hedge Fund

    December 08, 2009

    HedgePort Associates, a newly-formed hedge fund platform, is preparing to launch its first fund in Q1 and expects to oversee more rollouts later in 2010.

  • SAC Vet Plots China IPO Launch

    December 08, 2009

    Han Capital Management, the hedge fund firm set up earlier this year by former SAC Capital Management Portfolio Manager John Liu, is planning to exploit the growing IPO market in mainland China.

  • Swiss Re Vet Lands At Hedge Fund Firm

    December 08, 2009

    Albert Selius, the former head of insurance-linked securities trading at Swiss Re in New York, has landed at London hedge fund firm Securis Investment Partners as its first U.S. hire.

  • N.Y. Firm To Shut India FoF

    December 08, 2009

    RAS Capital Management, a New York-based fund of hedge funds firm co-founded by Robert Rahbari and Rohit Aggarwal, will shut its doors and close its RAS India Fund of Funds in the first quarter next year.

  • Schroders FoHF Appoints CAAM Chief

    December 07, 2009

    Schroders fund of hedge fund specialist, NewFinance Capital, has appointed Marc Romano as CEO.

  • GLG Hires Ex-BofE Deputy Governor

    December 07, 2009

    London-based hedge fund firm, GLG Partners, has appointed John Gieve as senior adviser. He will be responsible for focusing on the $2.37 billion U.K. equity business at GLG, which John White and Jason Mackay manage.

  • Brevan Howard Curbs Fund Inflows

    December 07, 2009

    Brevan Howard Asset Management has limited the inflow of money into three funds. The hedge fund firm closed its $2 billion Asia Fund and $2.5 billion Emerging Market Strategies Fund to new investors as of Nov. 1.

  • Carlyle Makes £535M Bid For Shanks

    December 07, 2009

    Shanks Group has secured a £535 million unsolicited takeover bid from the Carlyle Group. Legal & General, owner of a 12% stake in Shanks, supported the Carlyle takeover offer.

  • SAC Surfaces In Galleon Investigation

    December 07, 2009

    Court documents and interviews surrounding the insider trading case of Galleon Exec Raj Rajaratnam show FBI Special Agent B.J. Kang might be focusing on hedge fund giant SAC Capital Advisors.

  • Pershing Flagship Boasts 24% Return

    December 07, 2009

    Pershing Square Capital Management Founder William Ackman released his latest quarterly update revealing big gains and to investors, which shows big gains for the firm and a new investment in Nestlé.

  • Hedge Funds Post Single Digit Nov. Gains

    December 07, 2009

    Hedge funds gained less than 2% last month, with Hedge Fund Research’s November 2009 performance estimates showing 1.75% gains for HFRI Fund Weighted Composite Index.

  • Student Hedge Fund Turns Away Capital

    December 07, 2009

    A student-run hedge fund in upstate New York, which does not charge fees, is turning investors away.

  • Film Fund Seeks Day-One Capital

    December 07, 2009

    Chicago-based Noci Pictures Entertainment is looking to raise $300 million for a market-neutral fund that aims to finance and distribute 30-50 movies in a five-year period.

  • Cooper Creek Sees Opportunities In Oil Drilling

    December 07, 2009

    Cooper Creek Partners Management, which manages a long/short equity value catalyst-driven strategy, has recently taken a position in Vantage Drilling Company, an oil drilling company.

  • Ignis Rebrands 130/30 Fund

    December 07, 2009

    Ignis is rebranding its ‘130/30’ fund to an ‘enhanced alpha’ vehicle to better reflect its investment objective, Financial Times reports.

  • European Hedge Fund Bets On Bangladesh

    December 07, 2009

    Scandinavian hedge fund manager Brummer & Partners is planning to establish a fund that will buy Bangladeshi stocks in anticipation of growth as the country becomes a low-cost labor destination.

  • Marshall Wace Banks On Japan Fund

    December 07, 2009

    Hedge fund manager Marshall Wace boasted 26% gains with its Japan-focused hedge fund this year by employing ideas from 150 external equity salespeople.

  • Hedge Fund Gains Meager In November

    December 07, 2009

    Despite recent rebounds among hedge funds, November gains were relatively meager and trailed equity gains, according to a Hennessee Group report.

  • Picard Pursues Irish Funds Tied To Madoff

    December 07, 2009

    Irving Picard, the liquidator for Bernard Madoff’s business, told a judge he uncovered two investment funds in Ireland that directed money to the fraud and got upwards of $380 million in fake profit Picard has issued subpoenas, according to a report in U.S. Bankruptcy Court.

  • Court Docs Show Prior Galleon Investigation

    December 07, 2009

    Recently unsealed court documents in federal court in Northern California affirm that Raj Rajaratnam was investigated for insider trading in 1999.

  • Harbinger Cuts NYT Stake

    December 07, 2009

    Harbinger Capital Partners has further lowered its stake in the New York Times.

  • PCE Vets Resurface With Ucits Platform

    December 07, 2009

    Christopher Day and George Cadbury, the former chief executive and president at hedge fund incubator PCE Investors in London, have teamed up again to co-found an asset management division for Merchant Capital and unveiled a Ucits platform.

  • "To paraphrase a Prince song, you'll no longer be forced to hedge like it's 1999."

    December 03, 2009

    --Howard Kramer, partner at Schiff Hardin, on how allowing tied hedges grants firms more flexibility for handling large orders.

  • Alternatives Manager Search Directory

    December 03, 2009

  • Mandate Scoreboard

    December 03, 2009

  • Performance Snapshot: Long/Short Hedge Funds

    December 03, 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