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October 07, 2004
BNP Paribas hired two people to its foreign exchange institutional sales group in London, according to Reuters.
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October 07, 2004
CSFB/Tremont Index announced that it has launched 10 new investable hedge fund indices, the CSFB/Tremont Sector Invest Indices, derived from the CSFB/Tremont Hedge Fund Index, an index with almost 400 constituent funds.
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October 07, 2004
Jin Khang, a former proprietary trader at Kidder Peabody, Fuji Bank and Korea Exchange Bank, who retired in 1998, is prepping a new hedge fund that could reach $500 million, reports Financial News.
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October 07, 2004
France's hedge fund industry has grown at a pace of 43% a year over the past two years in terms of assets under management, Financial News reports, citing a study by Astérias, a market research firm.
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October 07, 2004
Total inflows to hedge fund investable indices reached more than $10 billion since several were launched a year ago, making them a highly competitive part of the $800 billion hedge fund industry, according to Financial Times.
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October 07, 2004
Marret Asset Management, a Toronto-based high yield and specialty credit investment management firm, announced Wednesday that JP Morgan Incubator Strategies, a division of JP Morgan Partners, invested significant capital in its offshore hedge fund, Marret Fund, according to Bloomberg.
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October 06, 2004
Battery Ventures has raised $450 million for its seventh venture capital fund, according to PrivateEquityOnline.
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October 06, 2004
In what is believed to be the first fund of its kind, Teachers' Private Capital, the private equity arm of the Ontario Teachers' Pension Plan, and the Caisse de depot et placement du Quebec through its private equity unit have invested C$1.2 billion in the launch of Europe's largest independent mezzanine fund, Park Square Capital Partners LP.
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October 06, 2004
Cornerstone Partners has retained Hamersley Partners to help with its marketing needs, according to HedgeWorld.com.
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October 06, 2004
Three former members of Credit Suisse Financial Services' private banking team plan to launch Libran Global Macro Fund before year's end, Finance Asia reports.
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October 06, 2004
The D.E. Shaw Group has named Robert Bartkowiak senior v.p. to help direct the firm's four-year-old institutional asset management unit.
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October 06, 2004
Mehmet Dalman, former head of investment banking at Commerzbank, and several of his former colleagues has formed WMG, a wealth management group, Portfolio International reports.
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October 06, 2004
Gartmore is looking to raise $500 million for a new hedge fund that will invest in a basket of Gartmore's own hedge funds, Financial Times reports.
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October 06, 2004
Hedge funds now represent about half of the open interests in sugar futures, according Jean-Michel Boehm, head of ABN Amro Futures' soft commodities unit.
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October 06, 2004
HFR Europe is betting on history repeating itself as it predicts that hedge funds will pick up in the fourth quarter.
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October 06, 2004
London-based Key Asset Management has named Chris Jones as its new chief investment officer, according to HedgeFund.net.
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October 06, 2004
After hitting a 17-month low in share price, Man Group stock was up 6% amid rumors that the hedge-fund giant was in takeover talks, according to The Guardian.
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October 06, 2004
Opus Prime Capital plans to launch its Op.1 Alpha Advance Global Futures Fund in October on Schneider Trading Associates' platform.
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October 06, 2004
Pequot Capital Management has hired Michael Takata and Ramu Thiagarajan as the firm looks to expand its hedge fund business, Hedgeworld.Net reports.
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October 06, 2004
Progressive Alternative Investments, a unit of Progressive Asset Management, has launched Stockbridge Fund, a U.K. long/short, small/mid cap hedge fund.
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October 06, 2004
Marc Roston has joined fund of hedge funds manager Silver Creek SV as senior portfolio manager.
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October 06, 2004
In an effort to better align its fund of hedge funds offerings with other firm products, Schroder has rebranded all three “Blue” sub-funds of the Schroder Alternative Investment Funds (SAIF) range of fund of hedge funds.
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October 06, 2004
George Soros has named his sons Robert Soros and Jonathan Soros as co-deputy chairmen of Soros Fund Management, according to Bloomberg News.
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October 06, 2004
U.K.'s Dorset County Pension Fund has decided to shift 5% of its GBP900 million in assets from equities to hedge funds, Investment & Pensions Europe reports.
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October 06, 2004
For the first time since it was launched in March, the VAN Hedge Fund Advisors International's Macro Sentiment Indicators are bearish, with all indicators pointing south.
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October 04, 2004
The Absa Group, one of South Africa's largest financial services organizations, is expected to roll out a diversified hedge fund this month, according to Hedge Fund Manager.
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October 04, 2004
Hedge fund adviser Manuel Asensio expects to launch a new short/long term fund in the spring for large pension and other institutional long-term investors, Reuters reports.
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October 04, 2004
Credit Suisse First Boston Alternative Capital plans to offer five limited liability hedge funds, Hedgeco.Net reports.
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October 04, 2004
F&C Management plans to launch a retail fund of hedge funds early next year, following its merger with ISIS Asset Management, according to Citywire.
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October 04, 2004
Gottex Asset Management has expanded its staff by 10 to accommodate the fund of funds' growth, which has doubled its assets to more than $3 billion since the beginning of the year, according to Financial News.
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October 04, 2004
The International Monetary Fund (IMF) has called on hedge funds to provide better disclosure about the workings of the industry.
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October 04, 2004
Up to a dozen companies are planning to issue a combined $3-4 billion worth of convertible bonds in the next six months targeted specifically to hedge funds, according to an equity capital markets banker at a bulge bracket firm.
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October 04, 2004
Kenmar has purchased 13 hedge funds from Prudential Securities, according to Financial News.
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October 04, 2004
Kenner & Co. is preparing to raise $750 million for what will be its fourth fund.
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October 04, 2004
The Securities and Exchange Commission's proposed rule on hedge fund adviser registration is already having a "chilling effect" on the hedge fund industry, despite the fact that the rule has not yet been approved, according to lawyers.
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October 04, 2004
Massachusetts' Pension Reserves Investment Management Board (PRIM) says it will meet tomorrow to decide on how much money to allocate to a small cap-manager and to hire a manager to invest in hedge funds, according to Reuters.
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October 04, 2004
Montagu Newhall Associates, an international fund of funds manager, has named Jim Lim as partner.
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October 04, 2004
Morley Fund Management has opened its Alpha Optimum fund to U.K. investors for the first time, according to Hedge Fund Manager.
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October 04, 2004
The Oregon Investment Fund has developed a questionnaire to help it select new investment opportunities, with special attention to local talent, according to The Business Journal of Portland.
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October 04, 2004
Swiss Life (UK) is easing out of private equity investments by selling the majority of its portfolio to Pantheon Ventures, AltAssets reports.
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October 04, 2004
South African bank NIB Nedcor has listed a sterling-denominated fund of hedge funds on the Irish Stock Exchange, according to Financial News.
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October 04, 2004
The Securities and Exchange Commission's adopting release of the hedge fund adviser registration rule will differ from its current form, anticipated Robert Plaze, associate director in the Division of Investment Management.
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October 04, 2004
Vancouver-based Second City Capital Partners has closed its debut private equity and mezzanine fund, Second City Capital Partners I, with aggregate capital commitments of $100 million.
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October 04, 2004
NIBC Petercam Gestion has become Spain's first hedge fund management firm, according to Hedge Fund Manager.
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October 04, 2004
Hedge funds need to change their investment strategy if they want to survive, according to a study by a JPMorgan analyst.
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October 01, 2004
--Dan Loeb, managing member of Third Point Management, on Wilbur Ross' decision to collect a fee by receiving equity in a bankrupt coal company.
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October 01, 2004
Bank Leu, the CHF28 billion Swiss private bank, is planning three new funds of hedge funds for the first half of 2005.
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October 01, 2004
Two Canadian pensions with combined assets of more than C$5 billion are examining alternatives for the first time.
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October 01, 2004
The $2.5 billion Colorado Fire & Police Pension Association has tapped two hedge fund of funds managers as part of a portable alpha strategy.
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October 01, 2004
Two senior fixed-income professionals, Robert Smalley, director of credit research, and Robert Wenzel, credit arbitrage portfolio manager, have left the Clinton Group in New York.
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October 01, 2004
John Seilern, ex-senior managing director at Alpha Investment Management, has set up a third-party agency business.
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October 01, 2004
Forest Investment Management, a registered hedge fund adviser based in Greenwich, Conn., has hired Stephen Ellwood from MacKay Shields Financial Corp. as chief compliance officer.
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October 01, 2004
London firm Iyber Capital Management has launched a hedge fund focused on capital structure arbitrage.
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October 01, 2004
Scott Burrill, former head of trading strategies for Russell Investment Group, plans to launch a global market-neutral hedge fund Nov. 1.
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October 01, 2004
Two hedge funds that own some of the second lien debt for bankrupt coal mining concern Horizon Natural Resources are upset with legendary financier Wilbur Ross, chairman and ceo of W.L. Ross & Co. and head of the ad hoc creditors committee.
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October 01, 2004
An ideological shift in the approach to asset allocation taken by European pension fund providers will be good news for hedge funds, according to a survey by JPMorgan Fleming.
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October 01, 2004
Lehman Brothers is exploring the possibility of coming out with an index for hedge funds.
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October 01, 2004
London-based Liongate Capital Management is considering developing a variety of new funds of funds.
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October 01, 2004
Catholic Healthcare Partners, one of the largest not-for-profit health systems in the U.S., will consider making maiden allocations to hedge funds and private equity over the next two years.
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October 01, 2004
Man Investments, the hedge fund giant with $39.5 billion under management, is the latest firm to hit a snag launching a German fund of funds.
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October 01, 2004
Marathon Capital Growth Partners has hired Jeffrey Schmidt, a former derivatives market specialist at Bloomberg LP, as managing director.
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October 01, 2004
Mellon Global Alternative Investments is looking to hire an additional analyst in anticipation that its fund of funds business will grow.
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October 01, 2004
Dekker Capital Management has launched its first two hedge funds.
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October 01, 2004
The following directory includes search and hire activity for the week.
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October 01, 2004
Schonfeld Group, a proprietary and sell-side trading firm, is actively looking for new traders for its Institutional Brokerage Services (IBS) unit.
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October 01, 2004
Swedish insurer Skandia Liv plans to appoint three funds of funds managers in late October.
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October 01, 2004
Marco Bianchi joined Thames River Capital last month as head of European quantitative research in London.
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October 01, 2004
Treflie Capital Management has acquired an equity oriented fund of funds from Aspen Grove Capital Management.
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October 01, 2004
Edoardo Rulli joined Tremont Capital Management from hedge fund firm Rasini as an investment analyst.
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October 01, 2004
Fund of funds titan Tremont Capital Management is planning to launch a Japan long/short equity fund and an emerging market fund.
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October 01, 2004
The following directory includes search and hire activity for the week.
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October 01, 2004
Vega Asset Management made what appeared to be an attempt last week to respond to market rumors surrounding its Vega Relative Value Fund, but the effort may have only raised more questions.
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October 01, 2004
The $92 million Burlington (Vt.) Employees Retirement System has decided to put its alternative investment plans on ice.
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October 01, 2004
Jonathan Auerbach, a former senior analyst at Ziff Brothers Investments, recently joined famed hedge fund firm Tiger Management and is the managing partner of a new umbrella fund.
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September 28, 2004
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September 28, 2004