Stories

• Acacia Ramps Up Investment Team, Plans Offshore Fund

  March 28, 2002

• Fixed-Income Manager Opens Fund To New Investors

  March 28, 2002

• J.P. Morgan Hooks Hedge Fund Honcho To Head London Office

  March 28, 2002

• Ramius Taps Auda Exec For Fund Of Funds

  March 28, 2002

• Andor Capital Adds Prime Broker Lehman

  March 27, 2002

• Shelby County Considers Hedge Funds

  March 27, 2002

• Parker Launches Its First Fund of Funds

  March 26, 2002

• A unit of Concordia Advisors Bermuda Ltd. hired two Magten Asset Management portfolio managers to run a yet-to-be-launched distressed securities fund.

  March 25, 2002

• Although many pension and endowment officials have put manager searches on the backburner, some funds still plan to make a significant increase in allocations to hedge funds, according to a Greenwich Associates study.

  March 25, 2002

• Andrew Weisman, chief investment officer and a director of Nikko Securities Co International Inc, is leaving to oversee risk management at a new global macro hedge fund run by Ken Fields, formerly of Goldman Sachs Princeton.

  March 25, 2002

• Credit Suisse First Boston International and Investcorp Management Services Ltd., Bahrain, are working together to offer what is likely to be the first ever publicly rated hedge fund structured note.

  March 25, 2002

• Deutsche Asset Management has lured the former head of Putnam Mutual Funds out of retirement in an ongoing effort to pump up its fund management business in the U.S.

  March 25, 2002

• Emerging market hedge fund managers are readying India-focused funds and will likely begin trading in April following regulatory changes to derivatives trading rules, according to local reports.

  March 25, 2002

• Four senior executives in trading and research resigned from Banc of America Securities LLC.

  March 25, 2002

• Harry Keefe, Jr., a founder of the investment bank Keefe, Bruyette and Woods and the hedge fund group Keefe Managers, Inc. died Friday after an accident at his home in Greenwich.

  March 25, 2002

• Hedge funds are getting closer to stepping out of the shadows in the United States with the planned conversion of the France Growth Fund Inc. into a U.S. exchange-traded, closed-end European hedge fund.

  March 25, 2002

• HSBC Asset Management named Dean Buckley as its full-time regional chief executive for Europe and allowed him to step away from his duties as pan-European chief investment officer.

  March 25, 2002

• INVESCO’s structured products division is combining two of its existing investment approaches into an unusual alternatives strategy.

  March 25, 2002

• Investment advisory firm LJH Global Investments will launch a line of funds of funds products with hedge fund manager Attica Portfolio Management.

  March 25, 2002

• Joseph Caruso III joined ABN AMRO prime brokerage services as director, senior client services.

  March 25, 2002

• Lazard’s Andrew Herenstein, Michael Weinstock and Chris Santana have joined Quadrangle Group to manage a new distressed debt hedge fund.

  March 25, 2002

• Marking its second joint-venture announcement in the last month, LJH Global Investments, Naples, Fla., said it is planning a business alliance with Attica Asset Management, a move aimed at bringing new funds of funds products to a group of institutional i

  March 25, 2002

• Michael Keohane, a former analyst at SAC Capital Advisors, has joined New York investment firm Bourgeon Capital Management.

  March 25, 2002

• New York hedge fund manager Arden Asset Management added two senior investment staff members to its roster and will open a London office to expand coverage of European hedge fund managers.

  March 25, 2002

• Smith College endowment trustees have allocated an additional $13 million to its three fund of funds managers, forgoing an extensive search for single-strategy managers.

  March 25, 2002

• Staking out a middle ground between hedge funds and venture capital, Brown Simpson Asset Management has launched a new life sciences fund focused on the small-cap market.

  March 25, 2002

• Standard Bank has hired Liberty Ermitage to act as the adviser to the recently launched $35 million Standard Asset Selection Fund, a fund of hedge funds.

  March 25, 2002

• Strategic Energy Trading, based in the Bahamas, has announced the launch of a new fund that will focus on futures and options of crude oil, a hard-hit commodity fund manager Filimon Antonopoulos believes is due for a comeback.

  March 25, 2002

• Systeia Capital Management, a Paris-based investment firm, has launched a statistical arbitrage fund that will focus exclusively on European equities.

  March 25, 2002

• The Art Institute of Chicago hired Cambridge Associates LLC, as its adviser on investment strategies, replacing Kennedy Capital Advisors.

  March 25, 2002

• The Florida-based hedge fund advisor LJH Global Investments has named John Driscoll chairman of its advisory board.

  March 25, 2002

• The fund’s administrator is Custom House Administration & Corporate Services, Ltd., and its custodian is Brown Brothers Harriman & Co.

  March 25, 2002

• The hedge fund industry gained a record $31 billion in net assets in 2001, with $8.8 billion in assets coming into the asset class in the fourth quarter alone, according to TASS Research.

  March 25, 2002

• Trident Point Capital LLC is readying its first hedge fund for a public launch later this year.

  March 25, 2002

• Wayne Nordberg, vice chairman for KBW Asset Management, will leave the firm in about a month.

  March 25, 2002

• Chicago Hospital Hunts For Consultant, Hedge Funds

  March 22, 2002

• Andrew Weisman, chief investment officer and a director of Nikko Securities Co International Inc, is leaving to oversee risk management at a new global macro hedge fund run by Ken Fields, formerly of Goldman Sachs Princeton.

  March 21, 2002

• Emerging market hedge fund managers are readying India-focused funds and will likely begin trading in April following regulatory changes to derivatives trading rules, according to local reports.

  March 21, 2002

• MFA Searches For New Executive

  March 21, 2002

• Michael Keohane, a former analyst at SAC Capital Advisors, has joined New York investment firm Bourgeon Capital Management.

  March 21, 2002

• On March 1, Smith College endowment trustees allocated an additional $13 million to its three fund of funds managers, forgoing an extensive search for single-strategy managers.

  March 21, 2002

• Strategic Energy Trading, based in the Bahamas, has announced the launch of a new fund that will focus on futures and options of crude oil, a hard-hit commodity that fund manager Filimon Antonopoulos believes is due for a comeback.

  March 21, 2002

• Systeia Capital Management, a Paris-based investment firm, has launched a statistical arbitrage fund that will focus exclusively on European equities.

  March 21, 2002

• Texas School Considers $5M Private Equity Commitment

  March 21, 2002

• The Florida-based hedge fund advisor LJH Global Investments has named John Driscoll chairman of its advisory board.

  March 21, 2002

• The fund’s administrator is Custom House Administration & Corporate Services, Ltd., and its custodian is Brown Brothers Harriman & Co.

  March 21, 2002

• Calif. Private Equity Shop Readies Fund of Funds

  March 20, 2002

• Capvent Launches Second Fund, Opens U.K. Office

  March 20, 2002

• Denver Firm To Offer Absolute Return Fixed-Income Vehicle

  March 20, 2002

• Florida Manager May Launch Hedge Fund Of Funds

  March 20, 2002

• IKOS Opens Funds To U.S. Investors

  March 20, 2002

• Lehman Adds To Cap Intro Group

  March 20, 2002

• Rudman Ramps Up Hedge Fund Business

  March 20, 2002

• SAC Capital Advisors LLC, with more than $3 billion in assets under management, recently added two new portfolio managers heralding from Fidelity Management & Research.

  March 20, 2002

• Wake Forest Considers Distressed Debt, Timber

  March 20, 2002

• Wayne Nordberg, vice chairman for KBW Asset Management, will leave the firm in about a month.

  March 20, 2002

• Former Drexel Official To Launch Second Value Fund

  March 19, 2002

• Hedge Fund Veteran To Debut Single-Stock Futures Fund

  March 15, 2002

• Montana To Ramp Up Private Equity Allocation

  March 15, 2002

• Oregon Pension Fund Puts New Relationships On Hold

  March 15, 2002

• Lehman Junk Energy Analyst Starts Internal Hedge Fund

  March 14, 2002

• Rutgers Eyeing Alternatives Foray

  March 13, 2002

• CooperNeff Hires Head of Marketing, A Portfolio Manager

  March 12, 2002

• Credit Suisse First Boston International and Investcorp Management Services Ltd., Bahrain, are working together to offer what is likely to be the first ever publicly rated hedge fund structured note.

  March 12, 2002

• The Art Institute of Chicago hired Cambridge Associates LLC, Boston, as its adviser on investment strategies, replacing Kennedy Capital Advisors Inc.

  March 12, 2002

• Although many pension and endowment officials have put manager searches on the backburner, some funds still plan to make a significant increase in allocations to hedge funds, according to a Greenwich Associates study.

  March 11, 2002

• Appleton Capital Management plans to broaden its alternative investment line-up over the next few months with the introduction of a diversified futures program and a market-neutral hedge fund.

  March 11, 2002

• Illinois Teachers’ Pension To Conduct Allocation Study

  March 11, 2002

• Landmark To Launch Secondary Fund

  March 11, 2002

• CSFB Equity Pros To Launch Long/Short Hedge Fund

  March 08, 2002

• Lehman Snags ING Exec For Alternatives Group

  March 08, 2002

• Merrill’s Blechman Woos Away Former Lehman Colleagues

  March 08, 2002

• Nebraska Endowment On Hunt For Fund Of Funds

  March 08, 2002

• Palladin Group Hires Head of Biz Dev; Will Launch Multi-Strategy Hedge Fund

  March 08, 2002

• Texas School To Outsource $50m To Alts

  March 08, 2002

• Arrow Hedge Partners on March 1 launched its latest hedge fund of funds the Arrow Multi-Strategy Fund, which includes its most recent hedge fund offerings launched last month.

  March 07, 2002

• Aspect Capital Revamps Web Site For Investors

  March 07, 2002

• Auda Forms Secondary Private Equity Group; Hires Lichter As Head

  March 07, 2002

• Barclays Global Investors launched a more aggressive version of its US$157 million U.K. Equity Market Neutral Fund.

  March 07, 2002

• Citigroup is quietly ramping up its fledgling alternative investment unit, which focuses on hedge fund of funds and structured products.

  March 07, 2002

• Former INVESCO Execs Launch Fund, Plan Offshore Version

  March 07, 2002

• Goldman Sachs announced that its hedge fund division has been awarded an additional $500 million allocation from Stockton Holdings Ltd., which increases the Bermuda reinsurance company’s investment in the group by almost two-thirds.

  March 07, 2002

• Its second hedge fund of funds, Arrow Hedge’s new fund’s objective is to achieve absolute returns with low volatility and low correlation to major market indexes.

  March 07, 2002

• KBC Kicks Off Second Hedge Fund

  March 07, 2002

• London investment firms Matrix Group Ltd. and Lindsell Train Ltd. have teamed up to offer access to two long-short equity hedge funds for a minimum investment of $28,500.

  March 07, 2002

• Man Group Woos CSFB Top Dog, Appoints New Execs

  March 07, 2002

• Man Investment Products has hired Chris Chambers as the firm’s chief executive, and has promoted two others.

  March 07, 2002

• Morgan Stanley & Eagle To Debut New Hedge Fund Technology

  March 07, 2002

• Nicholas Edwards, chief executive and founder of Mienl Capital Markets Ltd., joined fund manager Charlemagne Capital Ltd. as group marketing director.

  March 07, 2002

• Orn Capital Rolls Out European Fund

  March 07, 2002

• Peter Chabot, who was convicted last month of stealing $1.2 million from investors, was sentenced to 27 months behind bars Wednesday by a federal judge in New York.

  March 07, 2002

• Quest Investment Management LLC last month launched the Quest Global Convertible Fund Ltd, an actively traded convertible arb fund.

  March 07, 2002

• Reinsurance company Stockton Holdings Ltd. will invest another US$500 million with its former hedge fund affiliate, Goldman Sachs Princeton LLC.

  March 07, 2002

• Short sales of Japanese stocks will be curbed this week as regulators try to slow speculative sales before the end of the fiscal year, a move that leaves hedge funds unsure of the near-term outlook.

  March 07, 2002

• The Managed Funds Association has sent a letter to the Securities and Exchange Commission last week, petitioning for permission for hedge funds to run "tombstone advertisements," or small advertisements containing limited information such as the name of t

  March 07, 2002

• Thirty-three years after offering its first hedge fund, Goodnow, Gray & Co. is preparing to offer another long/short equity fund this time aimed at institutional investors.

  March 07, 2002

• Though hedge funds are becoming increasingly mainstream amongst investors, they will perform worse in 2002 than they did last year, a research firm forecast.

  March 07, 2002

• Though hedge funds are becoming increasingly mainstream amongst investors, they will perform worse in 2002 than they did last year, a research firm forecasts.

  March 07, 2002

• Toronto hedge fund managers Arrow Hedge Partners have launched another fund of funds, two weeks after the firm rolled out a pair of single-strategy funds.

  March 07, 2002

• Two former managers of Lipper & Co.’s convertible fund, the New York hedge fund that announced a $315 million loss last week, are in talks with prime brokers about starting their own fund, according to reports.

  March 07, 2002

• UK trader David Morrison, a Tiger Management cub, has abruptly left the five-month-old hedge fund he founded with Irish investor, Dermot Desmond.

  March 07, 2002

• Within the last week, Wells Fargo filed two alternative funds with the Securities and Exchange Commission–the Wells Fargo Multi-Strategy 100 Hedge Fund and the Wells Fargo Multi-Strategy 50 Hedge Fund LLC.

  March 07, 2002

• Lutheran Pension Considers Hedge Funds

  March 06, 2002

• Wisconsin Endowment Considering Hedge Fund Foray

  March 06, 2002

• Amex Loses Key Alts Players; To Scuttle Fund

  March 03, 2002

• Bear Stearns Loses Prime Staffers, Hires Others

  March 03, 2002

• CSFB Drops Smaller Clients

  March 03, 2002

• Deutsche Snags Another Morgan Top Dog

  March 03, 2002

• Hedge Funds Grapple With Capacity But Market Seen Open For Growth

  March 03, 2002

• J.P. Morgan's Head Of Private Funds Group Departs

  March 03, 2002

• Nevada Public Employees Retirement System

  March 03, 2002

• Senior BOFA Staffers Form Hedge Fund

  March 03, 2002

• Tremont Creates New Top Slot For Colvin As Brown Leaves

  March 03, 2002

• Web Boutique Sets Up Shop

  March 03, 2002