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August 13, 2004
Asian investment in private equity is on course to break a record in 2004, with $8.6 billion poured into PE funds for the first six months of this year, according to a report by Asian Venture Capital Journal.
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August 13, 2004
An executive of the U.S. Chamber of Commerce says his organization opposes the proposal by the Securities and Exchange Commission to regulate hedge funds to avoid a possible repeat of scandals in other industries.
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August 13, 2004
It took less than five months for Exponent Private Equity to launch its debut fund and close its debut fund with an estimated $730 million, according to PrivateEquityOnline.
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August 13, 2004
Following the lead of Commerzbank and Dresdner Bank, HVB Group says it expects to start selling hedge funds in Germany by year's end, according to Bloomberg News.
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August 13, 2004
The state of Michigan is making a local venture capital investment, according to Business Direct Weekly.
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August 13, 2004
Thames River Capital has formed Thames River Hedge Ventures Fund to provide financial backing for hedge fund start-ups, Hedgeweek reports.
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August 12, 2004
Andor Capital Management continues to bleed as it lost 46% of its assets in July, dropping its total assets to $3.5 billion, Bloomberg News reports.
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August 12, 2004
Apollo Real Estate Advisors has raised an estimated $30 million in four months for its new hedge fund, Claros Real Estate Security, according to Dow Jones Newswires.
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August 12, 2004
Three investors have pumped $13 million into the launch of The Bayes Capital Tactical Equity Fund.
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August 12, 2004
Fan Chen has joined Standard Chartered Private Equity as managing director of the firm's activities in China, Taiwan and Hong Kong, according to AltAssets.
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August 12, 2004
The Teachers' Retirement System of the State of Illinois (TRS) has decided against investment in hedge funds—at least for now.
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August 12, 2004
Adam Berger and Nan Lu have left the firm they co-founded, Princeton Quantitative Investments, to join Mount Lucas Investment Management Corp. as researchers, according to HedgeWorld.
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August 11, 2004
Ferrer Freeman & Co. has closed FFC Partners III, L.P, having reached its target of $400 million in commitments.
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August 11, 2004
Galen Partners, has closed its fourth fund after raising $250 million, according to AltAssets.
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August 11, 2004
Andy Summers, former manager of Invesco Funds Group’s $2.5 billion healthcare investment portfolio, has launched a new hedge fund and has gotten two Invesco analysts--Kevin Reeder and Rich Carney--to join him, according to HedgeCo.Net.
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August 11, 2004
Hedge Fund Polygon Investments appears to be losing the support of Invesco in its challenge of the British Energy (BE) restructuring plan, according to the Times of London.
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August 10, 2004
Abria Financial Group has named Dominic Staniscia as its new chief financial officer, and Michael Doran senior v.p., investment management.
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August 10, 2004
The Bank of New York has named Linda McLennan as senior sales manager for its expanding hedged fund administration team in London.
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August 10, 2004
The Carlyle Group is launching its new European leveraged finance business with a fund that will invest in senior and mezzanine loans and high yield, according to PrivateEquityOnline.
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August 10, 2004
Crédit Suisse First Boston’s Hedge Fund Investments (HFI) group, which manages $7.95 billion in fund of funds assets, has made two new appointments to its risk management team.
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August 10, 2004
Gartmore Investment Management has hired Angus Woolhouse, group marketing and product development director at INVESCO in London, as head of business development for global institutional and alternative investments, a new position.
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August 10, 2004
Hedge fund Perry Capital Management has been an important player in the acquisition of Mississippi Chemical Corp. by Terra Industries.
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August 10, 2004
Hana Bank of South Korea has announced plans to establish a $100 million private equity that will invest primarily in technology companies, according to The Korea Herald.
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August 10, 2004
Merrill Lynch Investment Managers has received approval from the Securities and Exchange Commission to launch the Multi-Strategy Hedge Opportunities fund, Bloomberg News reports.
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August 09, 2004
Armajaro Asset Management says it will launch its Armajaro Commodity Fund in October, according to Managed Account Reports.
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August 09, 2004
Tim Frost, a veteran of the European credit industry who retired from JPMorgan in March, has been linked with Cairn Capital, a newly minted credit asset manager in London.
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August 09, 2004
Sallie Shuping Russell, formerly a manager of venture capital funds at Duke Management (Dumac), has joined former Dumac Founder Eugene McDonald at Quellos Private Capital, Triangle Business Journal reports.
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August 09, 2004
Eden Rock Capital Management has launched the Eden Rock Finance Fund (ERFF), a fund of asset-based lending funds.
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August 09, 2004
A group of shipping and freight derivatives professionals, including the former head of freight at inter-deal broker TFS in London, are setting up what is thought to be the first hedge fund to take long/short positions in tanker forward freight agreements (FFAs).
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August 09, 2004
South Korea’s second-largest insurer, Korea Life Insurance, says it plans to invest $100 million of its $28 billion in assets overseas, Financial Times reports. Korea Life is considering investments in international private equity and hedge funds.
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August 09, 2004
Daehan Investment Trust Management is to introduce its third global fund of hedge funds in September.
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August 09, 2004
With the opening of its first office in London, Batterymarch Financial Management, an affiliate of Legg Mason, say it will allow U.K. and European investments in its U.S. All-Capitalization Market Neutral Equity Fund, according to Managed Account Reports.
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August 09, 2004
John Purvis, the driving force behind the European Parliament's proposal for regulating hedge funds, has been re-elected to his position as vice-chairman of the Parliament's influential economic committee.
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August 09, 2004
New private equity funds are increasingly focusing on a particular industry or investment strategy in order to stand out in an ever-more-crowded field of entrants, say industry veterans.
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August 09, 2004
Darrell Cooke, the head of private equity at Addleshaw Goddard, a London-based law firm, has announced his resignation to join DLA, Addleshaw’s national competitor, according to TheLawyer.com.
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August 06, 2004
-- Charles Gradante, managing principal at Hennessee Hedge Fund Advisory Group, on the results of a recent industry study.
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August 06, 2004
BAREP Asset Management, the Paris-based hedge fund arm of Société Générale, has developed a unique CTA fund that primarily uses a short-term trend following approach.
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August 06, 2004
Armory Advisors, a long/short event-driven start-up hedge fund firm, is accepting new capital from outside investors for the first time since launching its fund last September.
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August 06, 2004
Cazenove Fund Management is planning to launch a long/short hedge fund next year.
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August 06, 2004
Richard Chilton's Chilton Investment Co. is prepping a new launch.
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August 06, 2004
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August 06, 2004
Deutsche Bank has recruited three directors for its North American Structuring team.
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August 06, 2004
Connecticut-based Discovery Capital Management, which has assets of over $1 billion, launched a global multi-strategy hedge fund.
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August 06, 2004
The E10 billion Artsenpensioenfondsen, a pension scheme for doctors in the Netherlands, may make a foray into hedge funds and private equity next year.
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August 06, 2004
EFG Private Bank is planning to launch a managed strategy in mid-November that will span both traditional investments and hedge funds.
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August 06, 2004
Artha Capital, a New York-based emerging markets manager, has made a pair of hires.
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August 06, 2004
Equalt Alternative Asset Management is setting up an automated trading system for the short-term component of its CTA fund, Equalt Systematic Futures.
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August 06, 2004
Geode Capital Management, a Boston-based hedge fund firm that spun off from Fidelity Capital, the venture arm of Fidelity Investments, has opened its $500 million Geode Multi-Strategy Fund to outside investors.
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August 06, 2004
The AUD240 million Fire and Emergency Services Superannuation Fund in Perth is seeking a new domestic private equity manager by year-end to replace Foundation Capital (Australia), which is winding down its private equity fund.
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August 06, 2004
The Newport Group is planning to launch a fund of hedged mutual funds for 401(k) plans early in the fourth quarter, marking a first for the defined contribution industry.
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August 06, 2004
Fortis Investments is planning two hedge funds that represent its first-ever alternative investment offerings for the U.S. market.
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August 06, 2004
London-based Fortune Asset Management seeded a foreign exchange options fund on Aug. 1.
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August 06, 2004
FAM Global Investments, a $600 million fund of funds, will create a yen-denominated share class for its Master Offshore fund next month.
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August 06, 2004
Gartmore Investment Management has redesigned the way it handles client service and is hiring to expand its marketing teams in the U.K., Europe, the U.S. and Japan.
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August 06, 2004
German firm Nauerz & Noell is launching its first hedge fund, an offshore vehicle domiciled in the Virgin Islands focusing on managed futures.
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August 06, 2004
The E16 billion BVV Versicherubgsverein des Bankgewerbes pension fund has hired five funds of funds to invest 1% of its assets in hedge funds this year.
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August 06, 2004
Goldman Sachs' fund of funds group has made a fresh hire for its product development team.
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August 06, 2004
Hedge funds are not as highly levered as some may think, as 85% of hedge funds have never exceeded two-to-one leverage, according to a recent survey by Hennessee Hedge Fund Advisory Group.
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August 06, 2004
India has taken steps to make it easier for foreign hedge funds to access Indian markets, according to HedgeCo.Net.
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August 06, 2004
Former British Prime Minister John Major has resigned as European chairman of The Carlyle Group, according to AltAssets, which notes that this latest departure marks a shift away from Carlyle’s predilection toward hiring politically connected people.
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August 06, 2004
New York-based fund of funds manager Lyster Watson & Co is seeking a marketer.
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August 06, 2004
In a complete overhaul of investment strategy, the AUD7.5 billion (GBP3 billion) hybrid Military Superannuation and Benefits Scheme in Canberra has decided to allocate 40% of its assets to absolute return strategies.
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August 06, 2004
Eton Park Capital Management, the hyped-up start-up run by former Goldman Sachs star Eric Mindich, has hired a chief financial officer, Pat Dennis from Ernst & Young.
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August 06, 2004
The Motor Trades Association of Australia Industry Superannuation Fund with AUD2.1 billion, is considering a maiden foray into hedge funds.
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August 06, 2004
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August 06, 2004
Pioneer Alternative Investments, which manages $2.3 billion in funds of hedge funds, has added a due diligence analyst.
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August 06, 2004
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August 06, 2004
Fading investor optimism helped contribute to hedge funds’ first losses in nearly two years, according to Reuters.
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August 06, 2004
Mike Tierney, a senior analyst at beleaguered long/short equity giant Andor Capital Management, has left the firm.
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August 06, 2004
Swedish insurer Skandia Liv plans to appoint three hedge fund of funds managers and invest with at least two of them.
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August 06, 2004
London-based Thames River Capital has launched, Hedge+, its first hedge fund designed to invest in start-ups, according to Bloomberg News.
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August 06, 2004
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August 06, 2004
Owl Creek Asset Management, a New York-based opportunistic value manager, has hired its first marketer.