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September 17, 2004
Cardinal Asset Management has hired Andrew Switajewski from Soros Private Equity to run a hedge fund, according to Bloomberg.
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September 17, 2004
Former Credit Suisse Group honcho John Mack has been given some office space at hedge fund giant Pequot Capital, according to Reuters.
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September 17, 2004
London-based Thames River Capital has hired Marco Bianchi from Newman & Ragazzi to be its head of equity research, according to Financial News.
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September 17, 2004
U.S. hedge fund Lonestar Partners filed a statement with the London Stock Exchange announcing that it owned a 10.9% stake in Millwall Holdings, according to Reuters.
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September 15, 2004
Ventures West Management (VWM) has closed at $250 million what is reported to be the largest private venture capital fund ever raised in Canada.
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September 15, 2004
Christophe Nicolas has left buyout firm Permira to become an investment director at Greenpark Capital, according to Private Equity Online.
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September 15, 2004
Northern Trust Global Advisors, an investment management subsidiary of Northern Trust, has named Heidi Levin as v.p. in the firm's Private Equity Group.
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September 15, 2004
Jacob Goldfield, the chief investment officer of Quantum Endowment Fund, the $8.3 billion flagship offering of Soros Fund Management (SFM), is leaving to launch his own firm, Bloomberg News reports.
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September 15, 2004
Philip Conboy has joined Sovereign Capital, a U.K. lower mid-market private equity provider, as a director.
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September 15, 2004
Tennenbaum Capital Partners has closed its fourth fund with $2 billion in commitments.
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September 15, 2004
After suffering major losses in August, Vega Asset Management bounced back in the first week of September, recovering half of what it lost, according to Financial Times.
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September 14, 2004
This year is turning out to be bad for currency hedge funds, according to Financial Times.
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September 14, 2004
Actis, a U.K. emerging markets private equity firm, has named Alistair Mackintosh as its new chief investment officer, according to AltAssets.
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September 14, 2004
With Asian interest in hedge funds heating up, another fund firm has its sights on settling into the Far East.
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September 14, 2004
Benchmark Capital has closed its Benchmark Europe II after obtaining $375 million in commitments for the venture capital fund, according to AltAssets.
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September 14, 2004
C3 Tech Innovations has launched a $10 million private equity fund that will invest in overlooked and underfunded technology companies.
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September 14, 2004
Tom Healy will join FIM Ltd. as chief operating officer on Oct. 1, according to HedgeWorld.com.
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September 14, 2004
Global FX Remote Group, a private day trading firm, is looking to sublet some of its new downtown Manhattan office space to traders or hedge funds.
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September 14, 2004
R.J. O'Brien and Associates, a futures commission merchant, has acquired Harmonic Investment Management, an alternative investment product firm based in Memphis.
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September 14, 2004
HSBC Bank Canada has rolled out its Structured Alternative Investment Return Securities, Series C1 (STAIRS C1), with returns linked to a Tremont Partners-managed fund of hedge funds, according to CanadianHedgeWatch.
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September 14, 2004
Venture capital firm InterWest Partners has closed its ninth fund, InterWest Partners IX, after raising $600 million.
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September 14, 2004
J.P. Morgan Chase reportedly will spin-off One Equity Partners, the private-equity unit of Bank One Corp., into a separate business, according to The Wall Street Journal.
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September 14, 2004
In a restructuring of senior management, Niek Molenaar has been tapped to head Robeco Asset Management (RAM), according to Investment & Pensions Europe.
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September 14, 2004
Roughly one-third of German institutional investors are interested in hedge funds, according to a survey by Faros Consulting.
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September 14, 2004
Partners Group has raised EUR500 million in commitments for its dedicated secondaries fund, Partners Group Secondary L.P., and has closed it, according to PrivateEquityOnline.
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September 14, 2004
Refco Securities has launched Refco Diversified Alpha Notes – EUR I. The
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September 14, 2004
Borrowing from banks by hedge funds and other financial institutions was up 50% in the fist quarter of 2004 over the same period last year, according to the Australian Financial Review.
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September 14, 2004
Thomson Financial has formed a new technology team dedicated to the U.K.'s hedge fund market.
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September 14, 2004
Toshiba Corp.'s pension fund will move about one-quarter of its total pension fund assets into alternative investments by the end of the company's fiscal year in March, according to Jiji Press.
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September 14, 2004
The Alternative Investment Management Association has updated it series of due diligence questionnaires to assist its membership in selecting hedge fund managers and other related entities.
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September 13, 2004
BISYS will go to the National Securities Clearing Corp. this month with a proposal it says will make selling registered hedge funds easier through the retail channel.
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September 13, 2004
The National Investment Company Service Association is forming a committee on alternative investments, to help its members learn how hedge funds are operated, organized and serviced.
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September 13, 2004
Vega Asset Management is planning to set up a London arm of its newly launched energy and commodity trading fund, Anglian Commodity Fund.
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September 10, 2004
Steven Huber, cio of Maryland State Retirement & Pension System, on why the plan will not likely consider hedge funds any time soon.
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September 10, 2004
Mayer & Hoffman Capital Advisors, a fund of funds formed in January by former Credit Suisse Asset Management fund of funds executive Matthew Hoffman, has added David Paulsson as a junior analyst.
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September 10, 2004
French hedge fund manager ADI has hired Sophie Lenfant-Biache from Systeia Capital Management as a senior member of its sales team.
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September 10, 2004
Anchorage Capital Group, a New York-based startup run by former Goldman Sachs bank debt honchos Kevin Ulrich and Tony Davis, is prepping two new funds for launch in October.
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September 10, 2004
BAREP Asset Management, the E6.4 billion Paris-based alternative investment manager, has created a new position of head of business development and appointed Jean-François Valicon, formerly head of structured products, to fill the role.
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September 10, 2004
Hedge funds that collect $100 million in assets within their first 12 months are more likely to stay in business than their smaller counterparts, according to Reuters.
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September 10, 2004
London-based hedge fund firm Ilex Asset Management is looking to make a research hire.
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September 10, 2004
Circus Capital has named Harvey Athwal as its new business development director.
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September 10, 2004
The following directory includes search and hire activity for the week.
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September 10, 2004
The European Investment Bank, the financing institution of the European Union, is examining a possible first allocation into hedge funds.
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September 10, 2004
New questions about the legality of forcing hedge fund advisors to register with the Securities and Exchange Commission have been raised by a former head of the SEC's Division of Investment Management.
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September 10, 2004
Alerian Capital Management, a hedge fund start-up launched by Gabriel Hammond, who covered the energy and power sector at Goldman Sachs, recently launched the MLP Total Returns Fund.
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September 10, 2004
Distressed debt honcho Steve Freidheim is wasting no time preparing his hedge fund firm following a planned spinoff from Och-Ziff Capital Management at the end of the year.
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September 10, 2004
Stephen Attenborough, head of European institutional sales for funds of hedge funds at Gartmore Riverview in London, has left the firm.
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September 10, 2004
Germany's regulator has adopted rules on how insurance companies can invest in hedge funds.
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September 10, 2004
The $3 billion UFCW Employers Benefit Plans of Northern California will embark on an alterative investment plan in the upcoming months as it concludes a radical 18-month restructuring of its pension plan, according to an industry executive familiar with the fund.
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September 10, 2004
Mayer & Hoffman Capital Advisors, a $43 million New York-based fund of funds, is seeking eight managers for its Low Beta Strategy Allocation fund.
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September 10, 2004
Start-up Lattice Capital Management is packaging a strategy that limits the high tax ramifications and risk associated with hedge fund investing.
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September 10, 2004
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September 10, 2004
Fund of funds giant HFR Europe will launch a new fund on Tuesday comprised of two separate portfolios.
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September 10, 2004
The $6.6 billion Indiana State Teachers Retirement Fund will most likely steer clear of hedge funds for the time being mainly because of transparency issues with the asset class.
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September 10, 2004
ING Financial Markets has named Glenn Coltart as U.K. head of sales and Simon Jeffries to lead sales trading in its western European equity group, Reuters reports.
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September 10, 2004
The Alternative Investment Management Association and the Dublin Funds Industry Association have jointly issued their "Guide to Sound Practices For Hedge Fund Administrators."
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September 10, 2004
California-based McCormack Advisors has named Ted Kokas as senior v.p. and senior analyst and a member of the hedge fund of funds manager's portfolio management team.
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September 10, 2004
In a move to kindle interest in stocks, Korea's National Assembly has signed a bill that allows the establishment of private equity funds, the Korean Times reports.
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September 10, 2004
U.K. firm Integrated Asset Management (IAM) is looking to acquire other funds of hedge funds.
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September 10, 2004
French giant Lyxor Asset Management, which manages $20 billion in alternatives, is planning local wrappers for a variety of countries, including Germany.
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September 10, 2004
The $30 billion Maryland State Retirement & Pension System recently decided to make a foray into private equity, but is unlikely to consider hedge funds anytime soon.
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September 10, 2004
Mellon Capital has rolled out its newest absolute return strategy, Global Alpha II, and is drumming up interest among institutional clients and the consultant community.
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September 10, 2004
The $4.5 billion New Hampshire Retirement System is considering adding one or more hedge fund of funds managers in the first quarter to handle up to $100 million.
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September 10, 2004
In its first year of operation, the Jupiter Ganymede Hedge Fund grew by 24%, with current net assets at around $30 million.
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September 10, 2004
Platinum Capital Management's new Platinum Premier Fund is employing a strategy that resembles the way fixed income market-makers trade in banks, according to Hedgeweek.
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September 10, 2004
The following directory includes search and hire activity for the week.
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September 10, 2004
New York Life Investment Management has combined three existing investment units to create the foundations of its first quantitative-oriented equity platform—to include both hedge funds and long-only strategies—a move that marks the firm's first concerted push into hedge funds.
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September 10, 2004
Oak Hill Platinum Partners, an investment firm run by billionaire Robert Bass and his investment team, is doing some damage control following a recent court ruling involving the former partners of Long-Term Capital Management.
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September 10, 2004
Pioneer Alternative Investments, which manages around $3 billion in funds of funds, has launched a new vehicle that will target both retail and institutional investors.
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September 10, 2004
The following directory includes search and hire activity for the week.
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September 10, 2004
P. Schoenfeld Asset Management (PSAM), which manages around $700 million, has hired Koray Ozdemir as risk arbitrage analyst.
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September 10, 2004
Mark Silber, v.p. of Renaissance Technologies Corp., has told the Securities and Exchange Commission that the 120-day deadline for filing audited financial statements is not enough.
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September 10, 2004
The $1.4 billion San Mateo County Employees Retirement Association will not consider hedge funds, at least for another three or four years.
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September 10, 2004
SEB Invest is launching a hedge fund of funds that will be distributed in the Scandinavian countries, Germany, Poland and the Baltic States.
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September 10, 2004
The $1.45 billion Service Employees International Union pension fund, based in Washington, D.C., is looking at hedge funds and could search for two or more hedge fund of funds managers in the next three-to-six-months.
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September 10, 2004
The Inland Revenue, the U.K. tax authority, is mulling changes to the taxation of derivatives in investment funds.
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September 10, 2004
London-based hedge fund firm Titanium Capital will close its commodities fund to new investors on Oct. 1.
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September 10, 2004
Millennium Asset Management, a London-based hedge fund firm with over $2.7 billion under management, is planning to launch a fund focused on Northern European energy markets, with a particular emphasis on Norway.
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September 10, 2004
Structurers at UBS in London are looking to launch a fund of hedge funds product with an innovative inflation-linked payoff in the next three months.
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September 10, 2004
The following directory includes search and hire activity for the week.