Stories

  • November Gains Boost Annual Returns

    December 18, 2009

    Hedge funds bounced back from their slight dip in October to gain 1.56% in November, according to an average of eight independent indices.

  • Ex-Moore Vets Form Russia Area Boutique

    December 17, 2009

    Two of Moore Capital’s former employees have exited to set up a new London-based boutique. Lev Mikheev and Tom Hickey have formed the new firm, Salute Capital, which will focus on the former Soviet Union

  • Partners To Delist Fund From LSE

    December 17, 2009

    Swiss fund manager, Partners Group, is planning to modify one of its investment vehicles and transfer its stock market registration from London to Ireland.

  • HFs Win Claim To $1B Lehman Funds

    December 17, 2009

    Goldman Sachs and GLG-controlled hedge funds have won a court ruling over distribution of billions of dollars of clients’ money held by Lehman Brothers.

  • Ex-Lake Shore Chairman Faces Fraud Suit

    December 17, 2009

    Laurence Rosenberg, ex-Chairman of hedge fund, Lake Shore Asset Management, has been accused of embezzlement

  • PIMCO Manager Heads To Foreign Sovereign Fund

    December 17, 2009

    Pacific Investment Management Co. hedge fund manager Changhong Zhu is departing to become chief investment officer of a Chinese sovereign wealth fund.

  • Tudor Caps BVI Global Fund

    December 17, 2009

    Hedge fund manager Paul Tudor Jones is saying no to new money and has capped his BVI Global Fund at the current size, about $9.3 billion.

  • Investors Favor Direct Investing In Hedge Funds

    December 17, 2009

    Boeing, Ohio Public Employees Retirement System and the South Carolina Retirement System are planning to allocate close to $2 billion to investing directly in hedge funds next year.

  • Arizona Safety Eyes Alpha-Generating Strategies

    December 17, 2009

    The $6.1 billion Arizona Public Safety Personnel Retirement System is considering moving roughly $1.5 billion of its global equities portfolio into portable alpha, long/short and global tactical-allocation strategies next year.

  • Wermuth Pencils In New Launches

    December 17, 2009

    Alternatives firm Wermuth Asset Management has scheduled the launches of three new funds, but has reversed its intention to look at changing the liquidity terms of some of its existing strategies.

  • U.K. Lords Call For Int’l Approach In Directive

    December 17, 2009

    The U.K. House of Lords EU Select Committee has criticized the European Commission’s planned Alternative Investment Fund Managers Directive for not taking account of U.S. rules.

  • Hepta Preps FX Fund

    December 17, 2009

    Alberto Ferro-Villani and William Kerr, co-founders of Hepta Capital Partners, are preparing to launch a hedge fund on Jan. 4.

  • Greylock Expands Singapore Team

    December 17, 2009

    Greylock Capital Management is expanding its team following significant performance in its flagship, Greylock Global Opportunity Fund, an emerging markets hedge fund that is up 89% this year through Dec. 16.

  • Asia-Ex Japan Funds Up 34% YTD

    December 16, 2009

    Asia except Japan funds are compounding last year’s double digit gains with year-to-date gains of 34.4% through November, according to Eurekahedge.

  • Centurion Rolls Out Longevity Fund

    December 16, 2009

    Centurion Fund Managers is unveiling a macro/micro longevity fund.

  • Partners Group Closes €2.5B Fund

    December 16, 2009

    Swiss alternative assets manager, Partners Group, has closed its Partners Group Secondary 2008 fund with €2.5 billion in capital commitments.

  • SEC Seeks Madoff Victims’ Suit Dismissal

    December 16, 2009

    The Securities and Exchange Commission is urging a judge to dismiss a negligence lawsuit by two of Bernard Madoff’s victims.

  • Credit Suisse Tremont Index Up In Nov.

    December 16, 2009

    The Credit Suisse/Tremont Hedge Fund Index posted a 2.11% gain in November, bringing its year-to-date gain to 17.53%. Many indexes benefited from long equity and metal positions, such as the Global Macro, up 3.52% for the month and 13.17% YTD, and Managed Futures, up 4.94% and -1.65% YTD.

  • Galleon Founder, Conspirator Indicted

    December 16, 2009

    Galleon Group Founder Raj Rajaratnam and co-defendant and alleged conspirator, Danielle Chiesi, were indicted by a grand jury on Wednesday for securities fraud and conspiracy in an insider trading case.

  • MD Sass-Macquarie To Seed Agri PE Fund

    December 16, 2009

    MD Sass-Macquarie Financial Strategies, the $273 million a private equity joint-venture between the two firms, will seed AMERRA Capital Management's second private equity fund in the middle of 2010.

  • Swedish Shop May Exit Hedge Funds

    December 16, 2009

    Stockholm-based fund manager Cicero Fonder is considering getting out of hedge funds.

  • Scandium Fund To Delist

    December 16, 2009

    The Scandium Absolute Return Fund—the first fund of hedge funds made available to Danish retail investors—will cease trading on Dec. 29 and be delisted from the Nasdaq OMX the following day.

  • Ikos CIO To Step Down

    December 15, 2009

    Hedge fund manager and Ikos Co-Founder Elena Ambrosiadou will soon run her company without her husband, the firm’s co-founder and chief investment officer. Ambrosiadou said: “Martin is serving up to 12 months' notice with further agreement and goodwill."

  • Market Uncertainty Hits Hedge Fund Pay

    December 15, 2009

    The uncertainty in the economy and the hedge fund market is showing up in the compensation packages of hedge fund employees.

  • Partners To Spin Out HF Replication Arm

    December 15, 2009

    Swiss alternative asset manager, Partners Group, is planning to spin out its hedge fund replication business in January.

  • Elliott To Raise $2B Via Distressed Ops

    December 15, 2009

    Hedge fund firm, Elliott Management, is planning to raise about $2 billion next year by inviting existing investors to commit more money.

  • Rajaratnam Seeks Bail Cut

    December 15, 2009

    Raj Rajaratnam is seeking to lower his $100 million bail, claiming he has “fully complied” with the terms of his release.

  • Oaktree Backs New Firm From Ex-TCW CIO

    December 15, 2009

    Jeffrey Gundlach, the former CIO of TCW, plans to open his own firm, DoubleLine, backed by Oaktree Capital Management.

  • Hedge Fund Investors Commit $150B Through Sept

    December 15, 2009

    Hedge funds lured $150 billion in funds from investors from January through September, with clients demanding more information about investments, a Barclays Capital report showed.

  • Cantab Staffing Up

    December 15, 2009

    Cantab Capital Partners, the systematic macro hedge fund firm founded by former Goldman Sachs quant pro Ewan Kirk, is planning to grow its research team with a number of hires.

  • Sandell Preps First Single-Strategy Funds

    December 15, 2009

    Tom Sandell's $2 billion multi-strategy shop Sandell Asset Management is preparing to launch two new funds on Jan. 4, the firm's first single-strategy hedge funds.

  • T Square Preps New China Fund

    December 14, 2009

    T Squared is prepping a China fund to complement existing T Squared Investments.

  • Hermes Scoops Up SourceCap

    December 14, 2009

    Alternative giant Hermes has acquired a majority stake in the European equity manager, Sourcecap.

  • Nicholson Accepts $133M Ponzi Fraud

    December 14, 2009

    Ex-hedge fund manager, James Nicholson, has pleaded guilty to carrying out a $133 million Ponzi scheme.

  • BNY Mellon Alternative Adds New Hedge Fund Services

    December 14, 2009

    BNY Mellon Alternative Investment Services has introduced a service that independently validates a hedge fund’s position records to third-parties, such as prime brokers, custodians, trustees and agent banks, and confirms the pricing of its securities.

  • Clean-Tech Startup Seeks Seeder

    December 14, 2009

    Virid Capital Management is seeking a seed investor for its Virid Eco Fund, a long/short clean-tech strategy that rolled out on Dec. 1.

  • Dutch Incubator Inks Second Deal

    December 14, 2009

    IMQubator Investment Management, the Dutch seeding and incubation firm, has signed its second fund.

  • Cube Hires For Marketing Push

    December 14, 2009

    London- and Hong Kong-based $1 billion boutique Cube Capital has appointed Louise van der Vegt as director of marketing and business development, to lead a firm-wide push for assets.

  • DE Shaw Sells Indian Property Co. Stake

    December 11, 2009

    Hedge fund giant DE Shaw has unloaded a 36% stake in India’s DLF Assets for $500 million.

  • France Backs Stricter EU HF Rules

    December 11, 2009

    France is looking to toughen proposed European Union (EU) hedge fund regulations.

  • TCW Bond Fund Redemptions Jump

    December 11, 2009

    TCW Group has seen redemptions in its Total Return Bond Fund skyrocket since it forced its CIO out.

  • Blackrock To Unveil U.S. Retail Hedge Fund

    December 11, 2009

    BlackRock is gearing up to unveil a new series of investment funds that will allow retail investors access to hedge funds and private equity vehicles.

  • Soros Backs $100B IMF Green Fund

    December 11, 2009

    George Soros has proposed a plan to lend $100 billion to developing countries to deal with climate change threats.

  • First Quadrant Wins IPERS Mandate

    December 11, 2009

    The $20 billion Iowa Public Employees Retirement System has chosen First Quadrant to manage a $200-300 million global macro mandate.

  • Mesirow Appoints CFO

    December 11, 2009

    Carolyn Burke has joined Mesirow Advanced Strategies, the fund of hedge funds subsidiary of Mesirow Financial, as chief financial officer.

  • "The bleeding has stopped, but not a lot has happened."

    December 10, 2009

    --Daniel Köppel, Co-Founder of Zug Finance, on the continuing reticence of investors to allocate to hedge funds.

  • Alternatives Manager Search Directory

    December 10, 2009

  • Mandate Scoreboard

    December 10, 2009

  • Performance Snapshot: Multi-Strategy Hedge Funds

    December 10, 2009


 

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