Stories

• Altus Rolls Out Bevy Of Hedge Funds

  January 31, 2002

• Museum Considering Distressed Debt, Merger Arbitrage

  January 31, 2002

• As the significant role that derivatives played in Enron Corp.’s downfall comes into focus, lawmakers and regulators are lining up in favor of more oversight of these risky investments.

  January 30, 2002

• HedgeStart Limited, the leading London based hedge fund consultancy run by Matthew Wilson, has hired Rob Edwards to help expand its services to hedge fund clients into the important area of tax planning and implementation advice.

  January 30, 2002

• If convertible arbitrage wasn’t getting much attention before, the Ford Motor Company's $5 billion sale of convertible bonds last week should change that.

  January 30, 2002

• Man Investment Products on Feb. 11 plans to launch its latest capital guaranteed structured product, Man AP Strategic Series 1 Ltd.

  January 30, 2002

• Man Investment Products, a leading international alternative investment manager and part of Man Group plc, is gearing up to launch its latest capital guaranteed structured product.

  January 30, 2002

• Max Re Capital Ltd. reported quarter-end performance of 2.6% for its US$563 million hedge fund portfolio, and a 6.7% return for the year.

  January 30, 2002

• New York hedge fund HBK Investments has filed suit against J.P. Morgan Chase, alleging the fund is entitled to $4 million for Argentine bonds included in a debt exchange last November.

  January 30, 2002

• Perception and reality really are different when it comes to transparency, according to the results of the Capital Market Risk Advisors Inc.’s survey commissioned by the Alternative Investment Management Association.

  January 30, 2002

• The Bucephale Group announced a major expansion that will increase the number of managing partners at the Geneva-based alternative asset management group to seven and result in the opening of three new offices.

  January 30, 2002

• Tilney Investment Management is offering a hedge fund of funds for which Tremont (Bermuda) Ltd., subsidiary of Rye, N.Y.-based Tremont Advisers will be the subadviser.

  January 30, 2002

• U.S. hedge funds that specialize in mortgage-backed securities had a robust 2001, posting their best results since 1996, Van Hedge Fund Advisors International Inc. said on Thursday.

  January 30, 2002

• Wealth manager TAG Associates Ltd. joined forces with GF Capital Management & Advisors LLC, and plans to launch its second hedge fund of funds.

  January 30, 2002

• State of Michigan Ramps Up Alts Allocation

  January 29, 2002

• Highfields Capital Management, a Boston hedge fund firm, is suing Canadian wireless carrier, Telesystem International Wireless, claiming its recent recapitalization plan is more beneficial to insiders than to shareholders, according to a complaint the com

  January 25, 2002

• Michigan Alts Chief Jumps To WestAM

  January 25, 2002

• A splinter group of the Global Association of Risk Professionals formed the Professional Risk Managers' International Association, in a bid to create an organization that is more transparent and responsive to member demands than GARP has been.

  January 24, 2002

• Agger Capital Management LLC, the investment firm started by Jerry Peterson late last year, hired analysts from Invesco Funds Group and Berger LLC as it readies to begin investing.

  January 24, 2002

• Altin AG, a hedge fund of funds, announced that Deutsche Bank, UBS Warburg, and HSBC Securities registered at the London Stock Exchange as market makers for its shares, which have been trading at the LSE since Dec. 31.

  January 24, 2002

• Canada's Telesystem International Wireless Inc. has found itself engaged in a legal battle with an unnamed U.S.-based hedge fund seeking to stop the wireless firm from purchasing all outstanding shares of European mobile-phone operator ClearWave NV.

  January 24, 2002

• Church Fund Eyes Fund Of Funds

  January 24, 2002

• CM Capital Markets Asset Management, the investment management arm of broker CM Capital Markets, raised US$45 million with its first fund of hedge funds launched last month.

  January 24, 2002

• Danish Firm Plans First Hedge Fund

  January 24, 2002

• Despite Argentina's economic collapse and political turmoil, fund managers have largely emerged unscathed from the fiasco.

  January 24, 2002

• Enhanced Investment Technologies Inc., commonly known as INTECH, was sold to Berger LLC, Denver, a move that opens the door to INTECH offering hedge funds.

  January 24, 2002

• Ex-INVESCO Mutual Fund Manager Starts Hedge Fund

  January 24, 2002

• Fallout from the Enron collapse continues to rain down as Silvercreek Management Inc., a Canadian hedge fund manager headquartered in Toronto, filed a lawsuit against Arthur Andersen, LLP and three other companies, claiming that they provided false inform

  January 24, 2002

• Ferro Steals Montgomery Biz From Old Haunt

  January 24, 2002

• Founded in late November, Millrace Asset Group has launched its first and only hedge fund, a long/short small-cap equity vehicle.

  January 24, 2002

• Gartmore has wooed Jon Thornton as its new head of UK equities.

  January 24, 2002

• Investment banking firm J. & W. Seligman & Co. has launched its first hedge fund, the long-bias Seligman Technology Spectrum LP.

  January 24, 2002

• Korean Firms Creates First Alternative Investments Team

  January 24, 2002

• Monroe Trout, the Ivy League basketball captain turned futures trader, announced his retirement from the hedge fund business at the top of his game.

  January 24, 2002

• Private Equity Pro Joins Saratoga Partners

  January 24, 2002

• Swedish Fund Eyes First Foray Into Hedge Funds

  January 24, 2002

• The Securities and Exchange Commission has frozen the business activities of Greenwich hedge fund manager, Burton Friedlander, who is now under indictment for fraud after allegedly manipulating a stock and falsifying the value of one of his funds.

  January 24, 2002

• Two former American Express Asset Management portfolio managers formed RedSky Partners LLC, a hedge fund firm.

  January 24, 2002

• U.K. Council Could Tender For Private Equity

  January 24, 2002

• U.K. fund manager EFG Asset Management launched the All Weather Fund.

  January 24, 2002

• U.K.-based Westbury Asset Management has launched the Westbury European Hedge Fund, which was seeded with $40 million from Swiss Life Hedge Fund Partners.

  January 24, 2002

• UK-based Prudential Group plans to increase its allocation to alternative investments, such as hedge funds and private equity, to 5%--or $4.6 billion--of its $93 billion with Profits Life Fund.

  January 24, 2002

• University Of Memphis Seeking Alts

  January 24, 2002

• Wall Street veteran James Townsend has closed his hedge fund, Oyster Bay Capital, to join the C.E. Unterberg, Towbin investment bank as a managing director.

  January 24, 2002

• DKR Launches Irish-Listed Funds Of Funds

  January 23, 2002

• Viewpoint Rolls Out Offshore Fund

  January 23, 2002

• Bellport Capital To Roll Out Offshore Fund

  January 22, 2002

• ABN's Sherry & Perlman To Head Up Prime Biz As Malvasio Accepts Buy-Out

  January 17, 2002

• Baring Ramps Up Executive Staff

  January 17, 2002

• Goldman Bolsters Hedge Fund Group Globally

  January 17, 2002

• Torrey Funds Rolls Out New Fund

  January 17, 2002

• Acropolis Launches Its First Fund

  January 16, 2002

• Baron Advisors, an investment boutique founded by Ahmed Fattouh in 1999, which launched its fund of funds product in 1999 and opened its Landmark Value Strategies to outside investors on July 1, 2001, will create a complementary offshore fund on Feb. 1.

  January 16, 2002

• Boston-based private equity firm TA Associates has invested $110 million in hedge fund giant the Clinton Group.

  January 16, 2002

• London-based Key Asset Management launched the Key Gamma Fund on Jan. 1.

  January 16, 2002

• Man Group plc, the international hedge fund manager and futures broker, said that its two most recent launches, Man Multi-Strategy Series 3 Ltd and OM-IP Hedge Plus Limited, have together raised over $590 million in client money.

  January 16, 2002

• New Mexico Endowment Seeking To Invest $330M

  January 16, 2002

• Rothschild Australia Asset Management Ltd. has launched its first global currency hedge fund, Five Arrows Discovery Global Hedged Fund, which provides Australian investors a choice of international equity investment options.

  January 16, 2002

• Tiger Founder Rumored To Back Former Morgan Stanley Team

  January 16, 2002

• Two leading money managers at investment bank Morgan Stanley are leaving the firm.

  January 16, 2002

• Viewpoint Investment Partners launched its first offshore fund on Jan 1., with $3.2 million in seed capital from a Swiss-based family office.

  January 16, 2002

• Hospital Plan Considering VC, Tips, Timber

  January 14, 2002

• Study: Alternatives Still Hot Among Large F/Es

  January 14, 2002

• Acacia To Launch An Offshore Fund

  January 13, 2002

• Alternatives Still Hot Among Foundations And Endowments

  January 13, 2002

• Altrinsic To Launch Offshore Fund

  January 13, 2002

• Ardsley Partners Plans Tech Hedge Fund

  January 13, 2002

• Barclays Pension Scheme To Double Private Equity Exposure

  January 13, 2002

• Brandywine Taps New Executive For Top Slot

  January 13, 2002

• Canadian Firm Launches Two Hedge Funds

  January 13, 2002

• Consultant Woos Research Exec For New Post

  January 13, 2002

• Dutch Scheme Selects Insinger For Hedge Fund Mandate

  January 13, 2002

• Ex-Cisco Execs Plan Tech Hedge Fund

  January 13, 2002

• FinLION Starts Hedge Fund Seminars

  January 13, 2002

• Former Lehman Big Shots Start Fixed-Income Fund

  January 13, 2002

• GlobeOp Signs Deal With Man Investment

  January 13, 2002

• Hedge Fund Manager Hires Eagle Marketer

  January 13, 2002

• ING Furman Selz Asset Management

  January 13, 2002

• Institutional Firms Rush To Jump On ALTs Bandwagon

  January 13, 2002

• Kentucky School Postpones Alts Allocation

  January 13, 2002

• Maverick Adds To Analyst Roster

  January 13, 2002

• MSU To Initiate Two Searches

  January 13, 2002

• New Fund Of Funds On The Horizon

  January 13, 2002

• OPERS Short Lists Consultants

  January 13, 2002

• Optima Teams Up With Lee Munder To Launch Offshore Fund

  January 13, 2002

• PFPC Ramps Up Alternatives Team

  January 13, 2002

• Philly Pension Fund Kicks Off Private Equity Search

  January 13, 2002

• Prime Brokerages Roll Out Bevy Of Services To Remain Competitive

  January 13, 2002

• Rothschild To Set Up Fund Of Funds Biz In N.Y. , Searches For Head

  January 13, 2002

• Should Funds Pay For Capital Introductions?

  January 13, 2002

• SIT Shuts Down Asian Private Equity Fund

  January 13, 2002

• SSB Prime Brokerage To Debut International Effort

  January 13, 2002

• Tufts Considers Increase

  January 13, 2002

• U.K. Fund Examines Private Equity Allocation

  January 13, 2002

• UBS PaineWebber Launches Capital Introductions Group

  January 13, 2002

• Washington Board To Decide On Alternatives

  January 13, 2002

• According to data released yesterday by the National Venture Capital Association in Washington and Venture Economics, a New York investment and securities-tracking firm, 14 companies backed by venture-capital funds went public during the final three month

  January 08, 2002

• David Saks, the longtime healthcare analyst turned hedge fund manager, is taking his fledgling fund under the wing of boutique investment bank Ladenburg Thalmann & Co. Inc.

  January 08, 2002

• EN Asset Management, the alternative investment firm formed in late 2001 by veteran equity traders Peter Nicholas and Jon Easton, has expanded its staff in the wake of its December hedge fund debut.

  January 08, 2002

• Pacific Investment Management is preparing to offer three equity hedge funds that the firm has been incubating for the past year.

  January 08, 2002

• Renaissance Technologies, a secretive Long Island quant firm with $5 billion in assets under management, has said that it will no longer accept money from anonymous investors as speculation that hedge funds could be used by terrorists to hide or launder m

  January 08, 2002

• A year after closing its hedge fund to new investors, Merlin Biomed reopened its long/short equity fund on Jan. 1.

  January 07, 2002

• Approximately $1.5 billion, or all of Bowman Capital’s hedge fund assets will be returned to clients during the first quarter of 2002.

  January 07, 2002

• Asset Alliance Corp. executives are readying for a first-quarter launch of a Bermuda-based reinsurance company, Asset Alliance Re Ltd.

  January 07, 2002

• Ex-Cisco Execs Plan Tech Hedge Fund

  January 07, 2002

• Financial Asset Management, an Ohio-based broker/dealer, has settled Securities and Exchange Commission charges relating to its involvement in the collapse of Michael Berger's Manhattan Investment Fund.

  January 07, 2002

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  January 07, 2002

• Hedge funds returned a paltry 3.2% through November of last year.

  January 07, 2002

• John W. Henry & Co today named Mark Rzepczynski president and chief investment officer.

  January 07, 2002

• Kenmar Asset Allocation Inc., a $1 billion wealth manager, has quietly restructured its business to focus on institutional investors seeking hedge funds.

  January 07, 2002

• Lee Munder Capital Group recently launched its third hedge fund with less than $5 million in assets garnered from friends and family.

  January 07, 2002

• Max Re Capital Ltd., the Bermuda-based firm whose reinsurance subsidiary invests 40% of its portfolio in hedge funds, this week began trading on the Bermuda Stock Exchange.

  January 07, 2002

• Members of Hong Kong's mutual fund industry have backed moves to open the hedge fund market to Hong Kong retail investors but many advocate minimum subscription levels, the Hong Kong Investment Funds Association (HKIFA) said.

  January 07, 2002

• More European and US pension funds plan to boost performance by investing in hedge funds, according to a survey, writes Bloomberg.

  January 07, 2002

• Vega Asset Management closed its Vega Select Fund after rapidly reaching $200 million in assets.

  January 07, 2002

• Weiss Peck & Greer on Jan. 2 launched the WPG Focus Fund LP, a vehicle that is subadvised by Atlantic Investment Management portfolio manager Alex Roepers.

  January 07, 2002