Stories

  • Sandalwood Taps Robert Wood Johnson Exec

    January 08, 2010

    Sandalwood Securities, the Roseland, N.J.-based $1 billion credit fund of funds, recently hired Mihir Meswani, formerly the director of public market managers at the $8 billion Robert Wood Johnson Foundation, as part of a push to attract institutional clients.

  • LGIM Eyes $1B For Third HF

    January 07, 2010

    Legal & General Investment Management (LGIM) is planning to float its third hedge fund.

  • Paulson Europe Directors Cash In On Bank Bet

    January 07, 2010

    Four directors at London-based Paulson Europe have earned £50 million from a bet that the U.K. banking industry would crash.

  • Alpha Titans Adds Bridgewater To List

    January 07, 2010

    California-based hedge fund firm Alpha Titans has reportedly removed Millennium from its list of hedge fund leaders and added Bridgewater Associates to the list.

  • Hedge Funds Boast Best Year In Decade

    January 07, 2010

    Hennessee Group revealed that the Hennessee Hedge Fund Index returned 24.6% last year, compared with the S&P 500 advanced +24.7%, the Dow Jones Industrial Average returned +18.8%, and the NASDAQ Composite Index jumped +43.9%.

  • All Och-Ziff Funds See Growth In ‘09

    January 07, 2010

    Och-Ziff Capital Management’s four hedge funds witnessed gains in December and in the year.

  • Texas Fund Ups Alts to 15%

    January 07, 2010

    The board of the $15 billion Texas County and District Retirement System has increased its allocation to absolute return strategies, including hedge funds, to 15% from 10%, and has carved out a new commodities allocation at 2%.

  • Stonehenge Debuts Currency Funds

    January 07, 2010

    Miami-based Stonehenge Capital Management has launched its first pooled funds, giving investors access to a foreign-exchange strategy that was until now only available via managed accounts.

  • Pacific Group Thinks Gold Will “Go Ballistic” in 2010

    January 07, 2010

    Hong Kong-based The Pacific Group, which manages the $100 million Greater Asian Hedge Fund, an equity long/short strategy with a macro overlay, was up 40% last year and is up 1% in the first three days of trading this year.

  • GLG Partners’ Bonuses Restored

    January 06, 2010

    Three partners at London-based hedge fund GLG Partners are expected to receive a $1 million salary each this year, plus bonuses.

  • Israel Gets $100M Global HF

    January 06, 2010

    Ezra Gardner and Etan Silver have introduced hedge fund, Omnium Capital Management, in Israel.

  • Prosecutors Reveal Rajaratnam Paid For Tip

    January 06, 2010

    Federal prosecutors have revealed that Galleon Group Founder and hedge fund manager Raj Rajaratnam paid a tipster for inside information.

  • Goldman LBO Fund Buys Shumway Stake

    January 06, 2010

    Hedge fund firm, Shumway Capital Partners, has sold an 8% stake to a Goldman Sachs leveraged-buyout (LBO) fund.

  • New Jersey Fund Boasts 132% Return

    January 06, 2010

    New Jersey-based Barnegat Fund is up 132% this year, or $352 million, after losing 47% during the crisis of 2008.

  • SEC NY Head Tightens HF Oversight

    January 06, 2010

    George Canellos, director of Securities and Exchange Commission’s (SEC) New York regional office, is inspecting a number of New York hedge funds.

  • Core Preps Long-Volatility FoF

    January 06, 2010

    Core Capital Management, a $50 million fund of funds firm based in Chicago, is preparing to launch its third fund, which will invest in hedge funds that profit from volatility.

  • SAC Vet Seeks PM For China Launch

    January 06, 2010

    Former SAC Capital Management Portfolio Manager John Liu is looking to hire a China specialist to manage the second fund from his startup hedge fund firm, Han Capital Management

  • Madoff’s U.K. Unit To Wind Up

    January 05, 2010

    The London-based investment business of Bernard Madoff has formally been placed into liquidation, The Times of London reports.

  • Harbinger To Face Lawsuit

    January 05, 2010

    A lawsuit against Harbinger Capital Partners has been allowed to proceed by a Delaware judge. .

  • Moore Hires Brevan Founding Partner

    January 05, 2010

    Moore Capital Management has appointed Jean-Philippe Blochet as a senior portfolio manager.

  • Trian Ups Legg Mason Stake

    January 05, 2010

    New York-based hedge fund, Trian Fund Management, has increased its stake in Legg Mason, to 5.6%.

  • Third Avenue To Lose CIO

    January 05, 2010

    Third Avenue Management announced its co-chief investment officer, Martin Whitman, will step down.

  • Swiss Firm Readies First Irish-Regulated Art Fund

    January 05, 2010

    Zug-based Anthea Art Investments will launch the Anthea 1 Contemporary Art Investment Fund in May, the first closed-end art fund to be authorised by the Irish Financial Services Regulatory Authority.

  • Commodities-Focused Belltower Seeks To Triple Assets

    January 05, 2010

    Belltower Advisors is beginning 2010 with a marketing push and aims to treble its assets by yearend.

  • Glazer Aims to Double Assets

    January 04, 2010

    Glazer Capital Management, which returned 13% in 2009, recently added $20 million to its growing merger arbitrage strategy, and is looking to nearly double its $265 million by 2011

  • Swedish Shop Eyes More Launches

    January 04, 2010

    Orre & Nyberg Capital, the Stockholm-based hedge fund that rocketed to 123% returns last year in Radar, its flagship fundamental long-short equity fund, is contemplating the launch of multiple new funds.

  • First Welsh Hedge Fund Delists

    January 04, 2010

    A hedge fund that was reportedly the first in Wales was forced to delist from the Irish Stock Exchange after many years of underperformance, according to an announcement.

  • Madoff Suffers From High BP

    January 04, 2010

    Bernard Madoff is suffering from high blood pressure and dizziness, according to a Bureau of Prisons spokeswoman. He is being treated at the Butner federal medical center. The comment came after unconfirmed media rumors surfaced that Madoff had been in fight.

  • Hedge Fund Startups Gain Momentum

    January 04, 2010

    Investors are increasingly looking to hedge fund start-ups as their managers raise small amounts but allow concessions on key terms, such as lower fees. In the third quarter, 173 new funds launched, up from 119 in the prior quarter and 42 in the final three months of 2008, according to Hedge Fund Research.

  • Optima Fund To Invest In Farmland

    January 04, 2010

    New York-based hedge fund Optima Fund Management has launched a fund that will invest in U.S. farmland.

  • Citadel To Get $1B In Investments In New Year

    January 04, 2010

    Investors are reportedly set to put more money in the hands of hedge fund manager Kenneth Griffin, as people familiar with the matter said investors have committed to investing $1 billion in Citadel Investment Group.

  • Investor Sues Camulos Partners

    January 04, 2010

    Camulos Partners, launched by an ex-Soros Fund Management trader, was sued by an investor hoping to recover $67 million that was allegedely "unlawfully seized," according to a Delaware court filing.

  • Year in Review/Preview

    December 28, 2009


 

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