-
August 26, 2004
New Zealand's ABN Amro Craigs and Direct Investment have teamed up to offer that country's third retail fund, according to National Business Review.
-
August 26, 2004
Cardinal Asset Management has tapped veteran hedge fund manager Phillip Wale to work on its new equity hedge fund.
-
August 26, 2004
The Asian hedge fund index composite fell 0.59% last month, with poor performance of Japanese long/short equity funds pulling it even further, according to HedgeWorld.
-
August 26, 2004
The Managed Funds Association has appointed Scott Parsons to the new position of executive v.p., strategic and government affairs.
-
August 26, 2004
Canadian Norshield Financial Group and U.K.-based Candela Capital have joined to market a fund of funds to European institutions, Hedgweek reports.
-
August 26, 2004
Oak Hill Capital Management has named Suzanne Bryan and Patricia Selcke to its investment relations team.
-
August 26, 2004
ONE Financial has launched ONE Financial MSCI Hedge Invest Index Notes, Series 2, the second principal guaranteed note tied to the Morgan Stanley Capital International.
-
August 26, 2004
The U.S. District Court For The District Of Kansas has granted the Securities and Exchange Commission's motion to freeze the assets of a Wichita-based hedge fund and its manager in connection with alleged violations of federal securities laws.
-
August 25, 2004
The Aurora Funds, an early-stage venture capital firm in the Southeast, has named Mike Gorman as its new chief financial officer.
-
August 25, 2004
It took Exponent Private Equity only five months to raise GBP400 million and close its debut fund, according to AltAssets.
-
August 25, 2004
William Cohen, the U.S. secretary of defense under President Bill Clinton, has formed TCG Financial Partners, a merchant banking firm, Bloomberg News reports.
-
August 25, 2004
In response to requests from the media, Massachusetts Treasurer Timothy Cahill has released performance results for the 103 venture capital funds the state's $32.5 billion pension plan from 1986 to 1998, according to the Boston Globe.
-
August 25, 2004
Vienna-based Raiffeisen Capital Management has launched an Austrian fund of hedge funds with the help of U.K.
-
August 24, 2004
David Bleakley, founding chairman and managing director of the Australian financial planning company Bleakleys Ltd., has joined Absolute Capital Group as a non-executive member of the board of directors.
-
August 24, 2004
Rob Davis, managing director and senior sales executive of Banc of America’s prime brokerage, says he was fired for filing an age-discrimination complaint with the Equal Employment Opportunities Commission, according to Mar/Hedge.
-
August 24, 2004
FIM Limited has named Brendan Robertson as a director in the London-based firm’s research and investment department.
-
August 24, 2004
Jennifer Carver and Brian MacDougall have formed Oria Capital Management and will run two funds not involved in an alleged fraud scheme at their former firm, CSA, in addition to rolling out a new Asian fund of hedge funds, Hedgeweek reports.
-
August 24, 2004
Rainer Fritzche, a former manager at Fidelity Investments, has joined Man Group as a senior client relationship manager, according to Bloomberg News.
-
August 24, 2004
Evercore Investment Corp. has pulled the plug on its IPO hopes.
-
August 24, 2004
MPC Capital is looking to raise EUR25 million for its latest fund of funds, MPC Global Equity VI, PrivateEquityOnline reports.
-
August 24, 2004
Royal Skandia expects to launch, for the first time, a structured product that invests in hedge funds that comes with a money-back guarantee, Portfolio International reports.
-
August 23, 2004
ADI, the French alternative fund manager with EUR5.83 billion under management, has hired Paul Besson, head of volatility and convertible arbitrage at CCR, a subsidiary of Commerzbank with EUR200 million under management.
-
August 23, 2004
An investment firm formed by a former longtime Morgan Stanley honcho Barton Biggs has seen its fortunes sink as the price of crude oil keep rising.
-
August 23, 2004
BNP Paribas Asset Management in Germany is seeking approval to launch a domestic fund of hedge funds wrapper in Germany.
-
August 23, 2004
Ferd Equity Partners (FEP) has closed its debut fund at $186 million, according to PrivateEquityOnline.
-
August 23, 2004
Forsyth Partners, an independent financial services group, and KBC Financial Products have structured an innovative investment product based on Forsyth's alternative strategies fund.
-
August 23, 2004
General Electric's EUR400 million pension scheme for Dutch employees is planning to hire its first alternatives managers in the first half of next year.
-
August 23, 2004
Analysts say falling returns and high fees are making hedge funds less attractive, according to Reuters, but they will remain popular because the absolute returns they offer still outperform investments with relative returns, which can often be negative in a bear market.
-
August 23, 2004
Hedge funds and prop desks have been entering the oil derivatives market in increasing volumes in the last few weeks to take advantage of the widening price difference between crude oil and jet fuel, according to traders.
-
August 23, 2004
JPMorgan has shunted Dean Rostrom, v.p. in the investors solutions group in New York, to take a new role in Tokyo as Asian head of global structured credit marketing and alternative investment products.
-
August 23, 2004
Platinum Capital Management, a London-based hedge fund manager, expects to open an office in Singapore by October, pending regulatory approval.
-
August 23, 2004
Man Investments is prepping a series of capital-guaranteed structured notes pegged to a portfolio of hedge funds selected by Man’s RMF Investment Management subsidiary.
-
August 23, 2004
A bill that would increase the amount of information startup firms are required to publish in the media, and which hit opposition from lawyers, was recently approved by New York State Legislature.
-
August 23, 2004
Softbank Investment is attempting to lure regional banks and insurers into investing in a new hedge fund, according to Financial Times. One of Softbank’s units, SBI, aims to collect $300 million for a U.S. investable hedge fund index.
-
August 23, 2004
No one comes close to investing in hedge funds the way the University of North Carolina does.
-
August 20, 2004
--Tom Hunter, the new controller of Attalus Capital, on his move from JPMorgan to a smaller firm.
-
August 20, 2004
Credit Suisse First Boston is expanding its $15 billion fund-linked product group, which originates structured products pegged to funds of funds and hedge fund indices, in the Americas and Asia.
-
August 20, 2004
The E2.2 billion ÖPAG Pensionskassen Aktiengesellschaft is considering increasing its 4% allocation to hedge funds to 10-15% of assets to boost returns.
-
August 20, 2004
Cécile de Lasteyrie, a marketer for BAREP Asset Management, the Paris-based hedge fund arm of Société Générale, has left the firm.
-
August 20, 2004
London-based Cazenove Fund Management will reopen its U.K. long/short equity hedge fund to new investors on Oct.1.
-
August 20, 2004
Credit Suisse First Boston is making a global hedge fund marketing push and has tapped Patrick Durkin, a Credit Suisse Asset Management marketing veteran, to lead the effort.
-
August 20, 2004
Deutsche Asset Management (DeAM) intends to grow its London-based hedge fund business with new hedge funds later in the year and further moves to increase its assets.
-
August 20, 2004
DB Absolute Return Strategies, a Deutsche Bank hedge fund offshoot, is seeking to refocus its Topiary 2 fund of funds as its primary product for targeting the European institutional and high-net-worth market.
-
August 20, 2004
Deutsche Bank's structured and investment products group, part of the bank's global equity derivatives department, nabbed two staffers from Merrill Lynch who will be focusing on several areas, including hedge fund-linked products.
-
August 20, 2004
Basso Capital Management, a $1.3 billion Stamford, Conn.-based hedge fund firm that spun out of DKR Capital earlier this year, has hired Todd Trabold from Blue Ridge Capital to be its cfo.
-
August 20, 2004
Gartmore Investment Management, which manages $4.6 billion in hedge fund assets, will launch a quantitative equity hedge fund to investors on Nov.1.
-
August 20, 2004
Key Asset Management has hired Peter Dencik, adviser to the board of directors at Singer & Friedlander Investment Management in London, in the new role of group ceo.
-
August 20, 2004
Hedge funds should be exempt from Securities and Exchange Commission registration or examination if they supply more information about themselves among other things, according to an Aug. 16 comment letter from Bryan Cave, a Washington, D.C.-based law firm.
-
August 20, 2004
London-based fund manager Sagitta Asset Management, which manages $1.5 billion in traditional and alternative investments, is preparing to launch a European long/short mid-cap hedge fund in September or October.
-
August 20, 2004
Allison Hughes, an analyst at billion-dollar hedge fund Lone Pine Capital in Greenwich, Conn., has left the firm.
-
August 20, 2004
Mitsubishi Corp., in a joint effort with its affiliate Mitsubishi Trust, is prepping a fund that will invest in five-10 CTA managers, which will be sold exclusively to Japanese pension funds.
-
August 20, 2004
The following directory includes search and hire activity for the week.
-
August 20, 2004
New York money management firm John A. Levin & Co. has hired two officials to help with its Levco Alternative Fund.
-
August 20, 2004
The C$4 billion Colleges of Applied Arts & Technologies Pension Plan is planning to invest C$350 million in hedge funds.
-
August 20, 2004
Attalus Capital, a Bala Cynwyd, Pa.-based fund of funds firm, has tapped Tom Hunter from JPMorgan as its controller.
-
August 20, 2004
The following directory includes search and hire activity for the week.
-
August 20, 2004
The Securities and Exchange Commission is not likely to extend the comment period for its proposed rule on hedge fund adviser registration, according to a SEC insider.
-
August 20, 2004
Billionaire hedge fund king George Soros will host a cocktail party at his home to raise money for America Coming Together (ACT), the liberal political organization with the expressed goal of getting people to vote against President George W. Bush.
-
August 20, 2004
Eddington Capital Management, a one-year-old London-based hedge fund of funds manager, has hired its first marketing director.
-
August 20, 2004
Pension funds in the U.K. are starting to warm up to the idea of investing in hedge funds.
-
August 20, 2004
The following directory includes search and hire activity for the week.
-
August 20, 2004
Hedge fund behemoth Vega Asset Management is preparing two new hedge fund initiatives that will target smaller investors for the first time.