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August 20, 2004
Fund of funds manager Derek Stewart says there are positive aspects of SEC-proposed hedge fund registration.
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August 20, 2004
Observers say they are unsure what prompted Louis Moore Bacon to pour half of his firm?s equities under management in spiders, Standard & Poor?s 500 Index depositary receipts, according to Bloomberg News.
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August 20, 2004
Terrance O?Malley has joined Schulte Roth & Zabel in the law firm?s New York office, according to HedgeWorld.
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August 20, 2004
The Teachers Retirement System of Texas (TRS) is investing in hedge funds so that it can raise enough cash to pay benefits to its 610,000 members, according to HedgeCo.Net.
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August 19, 2004
HedgeFund.net-PerTrac reports that the top quarter of hedge funds rose an average of 0.58% in July, but the bottom quarter dropped 1.57%, resulting in an average loss of 0.65% for the month.
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August 19, 2004
Bank of New York expects to launch in the near future a hedge fund platform that will streamline record-keeping by allowing managers and customers to use the same system, Hedgeco.Net reports.
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August 19, 2004
Jaime Dworkin has joined GB Palladin Capital as managing director who will develop private equity business together with Managing Director Matthew Kahn, according to PrivateEquityOnline.
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August 19, 2004
UBS Financial Services hopes to raise $750 million for a new fund of funds it is launching in October, according to a filing with the Securities and Exchange Commission.
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August 18, 2004
The joint venture of United Overseas Bank and Japan Asia Investment Co. has raised $12 million in the first closing of its UOB JAIC Venture Bio Investments, with its eye on collecting another $20 million in the next six to nine months.
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August 18, 2004
The law firm of Bryan Cave has offered an alternative to the Securities and Exchange Commission’s proposal to require hedge fund registration.
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August 18, 2004
Dinakar Singh, formerly the head of Goldman Sachs in-house trading group, has formed a new investment firm with Texas Pacific Group, The Wall Street Journal reports.
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August 18, 2004
Lyra Capital has appointed Tom Schneeweis as its new director of research, according to Managed Accounts Reports.
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August 18, 2004
Marshall Wace Asset Management, a London-based hedge fund with more than $2 billion in assets under management—has registered with India’s Securities and Exchange Board (SEBI) —but not as a hedge fund, according to the Business Standard.
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August 18, 2004
Google hasn’t made a lot of friends recently, and hedge funds may be hoping they can short sell the company’s stock once it starts trading.
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August 18, 2004
Trident Pacific plans to roll out a mid-cap equity hedge fund that will focus on Japanese equities.
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August 17, 2004
Brochet Capital Management has launched Brochet Capital Partners, a multi-strategy hedge fund, according to HedgeWeek.
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August 17, 2004
The CSFB/Tremont Hedge Fund Index was off 0.31% in July, but year to date it is still in positive ground, up 2.61%.
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August 17, 2004
Three former traders at Deutsche Bank have launched Auriel Capital Management, their debut fund, Bloomberg News reports.
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August 17, 2004
Five trade associations have asked the Securities and Exchange Commission for a 90-day extension to the deadline for commenting on the SEC’s hedge fund registration proposal.
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August 17, 2004
MPC Capital AG, a German investment firm, is considering selling hedge funds, now that Germany has permitted such sales to individuals, according to Bloomberg News.
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August 16, 2004
Investment officials and board members at the $3.4 billion Alameda County Employees Retirement Association has started getting educated on different types of private equity investments by its consultant, Strategic Investment Solutions.
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August 16, 2004
The GBP370 million pension fund for the Bradford & Bingley Building Society is considering a first foray into funds of hedge funds.
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August 16, 2004
In addition to a hedge fund selling platform, Citigroup has said it will establish a master kapitalanlagegesellschaft (KAG), or investment company, to support foreign funds, according to Der Fonds.
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August 16, 2004
Close Fund Management and Man Investments hope to match the success of their first joint fund with a second multi-strategy hedge fund to be launch in the fall, according to Portfolio International.
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August 16, 2004
For the fifth time in a row, the inflow of hedge funds surpassed that of the previous quarter, according to HedgeWorld.com.
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August 16, 2004
The GBP500 million London Borough of Islington Pension Fund has hired its first private equity managers.
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August 16, 2004
Massachusetts has given the Pension Reserves Investment Management Board the authority to keep some details regarding private equity investments secret, according to the Boston Business Journal.
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August 16, 2004
Investors last month added another $100 million into Pine Grove Associates, bringing its total of assets in the fund of funds to $592 million—almost 100% increase since the beginning of 2004, according to Managed Account Reports.
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August 16, 2004
PRS Group has named Ravi Cheruvu to head its risk management group in connection with funds of funds and to oversee the firm's convertible arbitrage program, according to HedgeWeek.
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August 16, 2004
Societe General Asset Management is organizing a series of roadshows in an attempt to raise awareness and understanding of alternative investment products amongst independent financial advisors and online broker platforms.
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August 16, 2004
Peter Eaves, former head of project finance at Standard Bank in London, is set to move to Dubai at the end of this month to help run a power and energy private equity fund being launched by Standard and Gulf International Bank.
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August 16, 2004
The Van Global Hedge Fund Index dropped 0.9% net of fees last month, according to Van Hedge Fund Advisors International. Despite the decline, however, year to date the Van Index is up 1.3%.
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August 16, 2004
Lewis Williams, principal of Griffon Energy Capital, has announced plans to launch next month an energy-related hedge fund, according to Bloomberg News.
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August 13, 2004
-- David Yarrow, founding partner of Clareville Capital, on his firm's old office in London's Fulham neighborhood.
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August 13, 2004
Apollo Real Estate Advisors has launched Claros Real Estate Securities Fund, a unique hedge fund targeting impaired real estate securities, including troubled commercial mortgage-backed bonds and mezzanine loans, and wants to raise enough cash to initiate a $500 million effort or larger over the next several months.
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August 13, 2004
Trident Pacific Capital, a Singapore-based start-up, is preparing to launch its Trident Pacific Japan - Absolute Return Fund.
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August 13, 2004
Asset Alliance, with $4.6 billion, is preparing two new funds of funds for Oct. 1.
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August 13, 2004
The Association of the Bar of The City of New York will ask the Securities and Exchange Commission to improve its proposal that would require the registration of investment advisers to hedge funds.
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August 13, 2004
The £900 million Durham County Council Pension Fund will consider a foray into hedge funds next year.
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August 13, 2004
Fund of funds firm Cadogan Management has hired Peter Hommeyer as director of investments.
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August 13, 2004
Mark Anson, cio of the $166 billion California Public Employees Retirement System, sees opportunities in leveraged buyout and venture capital funds.
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August 13, 2004
Children's Investment Fund Management, which made a splash last year with an unusual charity-oriented business model, has hired an analyst.
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August 13, 2004
Hedge Fund Habitats features the spaces, from quirky to sublime, where hedge fund managers work.
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August 13, 2004
Convertible arbitrage funds are employing a number of non-conventional hedges in an attempt to make money in a market with little volatility.
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August 13, 2004
Multi-strategy hedge fund firm Gryphon Partners has launched a PIPEs fund.
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August 13, 2004
Danish firm Copenhagen Fund Management is developing a new currency hedge fund that will invest in several underlying managers using an online software platform.
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August 13, 2004
Aster-X Capital Management intends to launch an offshore version of its existing long/short European equities hedge fund in the next few months.
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August 13, 2004
Robert "Bo" Collins, former president of the NYMEX, is looking to set up a fund to trade energy.
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August 13, 2004
Tequesta Capital Advisors, a Palm Beach Garden, Fla.-based hedge fund manager, has opened its first satellite, in New York, and has hired a former Salomon Brothers official to lead the office's marketing and client services efforts.
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August 13, 2004
Lattanzio Management, a long/short equity firm run by the former head of equity trading at well-known manager Leon Cooperman's Omega Advisors, has hired a president and chief operating officer.
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August 13, 2004
Dwight Anderson, a commodities manager who left legendary hedge fund firm Tudor Investment Corporation, is readying a second fund at Ospraie Management, where he recently closed a $1 billion fund.
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August 13, 2004
Funds of funds viewed convertible arbitrage as their least favored strategy in the second quarter, according to a recent survey by Paris-based Seeds Finance.
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August 13, 2004
OrbiMed Advisors, a New York-based healthcare hedge fund with $800 million in assets, has beefed up its research team with the addition of three analysts.
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August 13, 2004
The Investment Counsel Association of America plans to back the Securities and Exchange Commission's proposal to require hedge fund investment adviser registration.
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August 13, 2004
Hedge fund investors are not currently keen to invest in global macro discretionary and managed futures funds, according to a recent survey conducted by Geneva-based hedge fund advisory firm Tara Capital.
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August 13, 2004
London-based Platinum Capital Management is planning to launch a new single-manager hedge fund next month.
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August 13, 2004
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August 13, 2004
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August 13, 2004
Raymond James Alternative Investment Group plans to add a Bornhoft Group managed futures multi-manager fund, Frontier Fund, to its investment line-up.
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August 13, 2004
Robeco-Sage Capital Management, a White Plains, N.Y.-based fund of funds manager, has added a senior-level analyst to its investment team.
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August 13, 2004
The $4.2 billion San Bernardino County (Calif.) Employees Retirement Association has hired AIG Global Investment and Benchmark Plus to each manage $100 million fund of funds mandates.
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August 13, 2004
Belay Capital Management, a San Francisco-based start-up, is preparing to launch its first fund in October.
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August 13, 2004
Swiss firm Unigestion, which manages around Euro2.8 billion in hedge fund assets, will launch a new fund at the end of September that will closely mirror the firm's longstanding Hemisphere Defensive fund of funds.
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August 13, 2004
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August 13, 2004
The Geneva Life Insurance Company, a subsidiary of Zurich Financial Services, will roll out a customized aggressive multi-strategy fund of funds on Sept. 1.