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August 06, 2004
International hedge funds stand to profits from the falling share price of Mitsubishi Motors, thanks to a financial instrument called the “death spiral convert,” Financial Times reports.
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August 06, 2004
Klaus-Peter Müller, chairman of the board of managing directors of Commerzbank, announced the launch of an umbrella hedge fund.
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August 06, 2004
New and existing investors boosted EQT's fourth fund at closing to $3 billion, surpassing its original target by $1 billion and doing it in only six months.
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August 06, 2004
Atlanta-based Forest Investment Associates has closed its timberland investment fund, FIA Timber Partners at $390 million; bring its total assets under management to more than $2 billion.
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August 06, 2004
Golden Gate Capital has raised $1.8 billion for its second private equity fund, bringing the San Francisco firm’s capital under management to around $2.5 billion.
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August 06, 2004
Telos Venture Partners has recruited two executives from Cadence Design Systems, James Hogan and Charlie Huang, as general partners.
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August 04, 2004
Andrea Bollyky has joined Aetos Capital as a managing director. Bollyky will lead the business development and client services efforts for the firm’s new absolute return investment unit, Aetos Alternatives Management.
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August 04, 2004
William Bijesse has been tapped as the new chief investment officer of EIM Group’s U.S. operations.
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August 04, 2004
Citigroup Alternative Investments has registered with the Securities and Exchange Commission to offer $350 million of limited liability interests in its recently formed Citigroup Alternative Investments Multi-Adviser Hedge Fund Portfolios.
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August 04, 2004
Mellon Financial has completed the acquisition of Evaluation Associates Capital Markets (EACM), a Connecticut-based asset manager with $4.6 billion in assets under management.
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August 04, 2004
Jim Robinson, chief executive officer of Munder Capital, has left the firm to launch his own hedge fund, Reuters reports. Robinson said that he would rather invest than handle administrative duties.
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August 04, 2004
Legendary bond honcho Bill Gross of PIMCO had a few choice words about hedge funds in an article posted on the firm’s Web site.
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August 04, 2004
Reuters reports that EuroDisney has extended until Sept. 30 the deadline for reaching an agreement to complete a restructuring of its $2.7 billion debt.
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August 03, 2004
Fielding complaints from hedge fund managers who find some rules difficult to apply, Hong Kong's Securities and Futures Commission says it will review the current guidelines, HedgeCo.net reports.
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August 03, 2004
Group G Capital Partners, an affiliated manager of Asset Alliance Corp., has hired two credit analysts, while announcing that it has moved from San Francisco to New York.
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August 03, 2004
Ireland’s National Pensions Reserve Fund (NPRF) is considering allocating some of its EUR10.6 billion in assets to hedge funds, according to Investments & Pension Europe.
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August 02, 2004
Accent Equity Partners, a Swedish mid-market private equity firm formed last year by Euroventures and Nordico, has closed its debut fund at EUR250 million, according to PrivateEquityOnline.
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August 02, 2004
Aladdin Capital Management, a collateralized debt obligation manager with five transactions under its wings and $1.5 billion in assets under management, is planning to increase its participation in the structured credit market and is in the process of launching an open-ended credit fund.
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August 02, 2004
Duke Street Capital Debt Management has raised EUR450 million for its third collateralized debt obligation, according to AltAssets.
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August 02, 2004
Private Advisors, a Richmond, Va., fund of funds manager, has hired Ben Cable, previously an investment officer with Charlottesville, Va.-based University of Virginia Investment Management Company.
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August 02, 2004
Funds of funds are the fastest-growing source of capital for hedge funds, having grown 810% since 1997, according to the 10th Annual Hennessee Hedge Fund Manager Survey.
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August 02, 2004
Carl Icahn is launching a new hedge fund that will raise several billion dollars to invest in a variety of strategies such as long-short equity, distressed-debt investments and different forms of arbitrage, according to The New York Sun.
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August 02, 2004
Pantheon, a San Francisco-based firm that buys private equity investments in the secondary market, expects to be buying an increasing share of assets from institutions for its recently-closed Pantheon Global Secondary Fund II.
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August 02, 2004
Placemark Investments is adding registered hedge funds-of-funds to its Unified Managed Accounts model. Randy Bullard, president, said McDonald Investments will commingle registered hedge funds-of-funds into its multiple style program.
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August 02, 2004
The Securities and Exchange Commission could be cross-referencing information from hedge funds with what it gets from investment banks in its ongoing probe into private investment in public equity offering transactions, according to industry observers familiar with the probe.
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August 02, 2004
Sanjay Tikku, head of European hedge fund research at Tremont Capital Management in London, is moving to UBS Global Asset Management's fund of hedge funds business in London.
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August 02, 2004
Wachovia Securities plans to offer its first hedge fund-linked trades this month in the U.S., following the recent hire of a hedge fund-linked structuring team.
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July 30, 2004
--Robert McCreary and SP "Wije" Wijegoonaratna, partners at Banyan Fund Management, on the firm's rough ride in a letter to investors.
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July 30, 2004
Archery Capital, a New York-based fund of funds manager, is preparing to launch a fixed income-focused fund of funds.
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July 30, 2004
Blackstone Alternative Asset Management (BAAM) has rolled out an offshore version of its Blackstone Columbus Avenue fund, an emerging manager fund of funds.
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July 30, 2004
BNP Paribas has hired Frédéric Cézard from Société Générale as a hedge fund derivative structurer.
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July 30, 2004
London-based Clareville Capital has launched a new hedge fund focused on small- to mid-cap European equities, including the U.K. and emerging European markets.
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July 30, 2004
Northern Rivers Capital Management, the single-manager hedge fund firm set up by Canadian family office Likrilyn Capital Management, is stepping up its capital raising-efforts.
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July 30, 2004
Hydro One, a Toronto-based power company, is preparing to make a foray into hedge funds for its C$4 billion pension.
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July 30, 2004
Private equity firm Capital Z has seeded Cedarview Capital Management, a long/short high yield manager.
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July 30, 2004
CDC Ixis Asset Management is planning to package its six internal hedge funds into a fund of funds in the fall.
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July 30, 2004
Capital Management Advisors (CMA) has expanded its New York-based team by adding two analysts, Andrew Steinvurzel and Celicia Chaung.
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July 30, 2004
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July 30, 2004
ABS Investment Management, a $580 million fund of funds based in Greenwich, Conn., will launch its first fund designed to be used in a private placement variable universal life insurance (PPVULI) vehicle on Aug. 1.
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July 30, 2004
Credit Suisse First Boston is making a major move into single-strategy funds of funds, which will result in a search for around 55 additional hedge fund managers.
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July 30, 2004
Evaluation Associates Capital Markets, the $2.9 billion Norwalk, Conn.-based fund of funds, named a new head of marketing after the recent departure of Patrick Moriarty. Philip Maisano, chairman and ceo, said that Moriarty's slot has been filled internally by Jay Steinle, a marketer who has been promoted.
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July 30, 2004
Yardley Partners, a Washington Crossing, Pa., start-up, has launched a long/short equity fund.
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July 30, 2004
The Torrey Funds, Rydex Investments and Tremont Capital Management are looking to launch '33 Act hedge funds to enable their distribution partners to market the offerings.
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July 30, 2004
The $900 million Jacksonville (Fla.) Police & Fire Pension Fund is in the midst of trying to convince Florida officials to loosen investment limitations on the state's police and fire retirement systems regarding alternative asset classes.
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July 30, 2004
Rob Butts and Josh Clark, two former Greenlight Capital analysts who left the firm in February, have launched three new funds.
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July 30, 2004
Swiss fund of funds firm Gottex Fund Management will begin marketing a new principal-protected note on Aug. 9, with a target issue of $150-200 million.
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July 30, 2004
The $6 billion Los Angeles Department of Water & Power defined benefit plan will look at making a maiden allocation to hedge funds early next year.
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July 30, 2004
U.K. hedge fund firm Millennium Asset Management will launch the first of a series of funds investing in illiquid corporate debt and emerging market equities on Sept. 1.
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July 30, 2004
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July 30, 2004
Bristol-based hedge fund start-up Beagle Partners will launch a fund focused on long/short global emerging market equity, dubbed the Caddis Fund this week.
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July 30, 2004
London-based hedge fund firm Orn Capital is preparing to launch a new long/short fund focusing on energy and resources in September or October.
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July 30, 2004
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July 30, 2004
Smith Barney is putting a call out to managers that it wants to offer registered hedge funds to the individual retirement account market.
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July 30, 2004
Madison Capital Management is looking to add an analyst.
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July 30, 2004
New York-based Banyan Fund Management, which is run by former Tiger Management officials Robert McCreary and SP "Wije" Wijegoonaratna, suffered a 5.2% loss in June and was down 10.5% through June for its Asian long/short ex-Japan fund.
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July 30, 2004
UBS is actively looking for distribution partners who will offer some of its registered hedge funds.
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July 30, 2004
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July 30, 2004
Litmus Capital Management, a New York-based start-up, is planning to launch a deep value long/short fund on Oct. 1.