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October 14, 2004
Advantage Capital Partners, Enhanced Capital, and Whitecap Louisiana Growth Fund have teamed up to fund The Louisiana Technology Fund, the first ever fund devoted solely to emerging technology companies in the state.
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October 14, 2004
DW Healthcare Partners (DWHP) has closed its debut private equity fund after raising $88.3 million.
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October 14, 2004
Hedge fund firms with less than $1 billion in assets under management may find it increasingly difficult to keep their doors open as they compete for fees with their larger counterparts, Bloomberg News reports.
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October 14, 2004
The Internal Revenue Service has issued a private letter ruling that provides guidance to hedge fund investors who wish to enjoy the tax advantages of private-placement life insurance contracts and the flexibility that investing in hedge funds allows.
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October 14, 2004
Lazard has named Patrick Dunleavy to become managing partner of the firm's Private Fund Advisory Group, PrivateEquityOnline reports.
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October 14, 2004
Permal Group, one of the world's largest fund of funds managers with $18 billion in assets under management, has hired Merrill Lynch investment brokers in connection with a possible sale, according to Bloomberg News.
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October 14, 2004
Pioneer Alternative Investments (PAI) is denying that it recently closed Pioneer Global Macro Fund as a result of poor performance, despite a year-to-date loss of 7.27%.
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October 14, 2004
Minneapolis-based Piper Jaffray Cos. has announced plans to spin off its venture capital business into an independent firm known as Sightline Partners.
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October 14, 2004
Progress Alternative Investments has rolled out its first single-strategy hedge fund, according to HedgeWeek.
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October 14, 2004
Société Générale Group plans to form a derivatives sales team in Milan to sell a variety of products to Italian institutional Investors, Reuters reports.
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October 12, 2004
Vega Asset Management, one of the world's largest hedge-fund firms, has posted a second consecutive month of heavy losses, making September its worst period ever, with $400 million in redemptions, according to The Wall Street Journal.
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October 12, 2004
Ferrell Management Ltd. has launched Ferrell Concert Ltd., a Bermuda-based low volatility fund that invests in the more than 80 hedge offerings run for commercial banks that make up Ferrell Diversified Ltd., according to HedgeWorld Lounge.
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October 12, 2004
Mizuho Securities Asia has named Samuel Faveur to run its new Asia ex-Japan CB arbitrage fund, Finance Asia reports. Before joining the Japanese Bank, Faveur was a CB arbitrage trader with ING.
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October 12, 2004
Investcorp is turning to investors in the Gulf states to help raise $250 million for its second technology fund, according to Gulf Daily News.
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October 12, 2004
Julius Baer Investments plans to launch its Credit and Emerging Markets Hedge Fund with $100 million in seed capital from another of its funds, MAR/hedge reports.
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October 12, 2004
Macquarie Bank has chosen Capital Management Advisors (CMA) to manage a EUR50 Million fund of hedge funds.
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October 12, 2004
Glenn Rieger is leaving the firm he founded to become a general partner with NewSpring Capital, a fast-growing venture capital firm, according to AltAssets. Rieger founded Cross Atlantic Capital Partners in 1999 and saw the VC firm grow to $400 million in capital under management.
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October 12, 2004
Partners Group, a Swiss alternative investment manager, has expanded its reach into Asia with the opening of an office in Singapore and the launch of an Asia-Pacific dedicated fund of funds, according to PrivateEquityOnline.
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October 11, 2004
As hedge funds continue to attract a growing number of investors, managers are also raising their fees, The Wall Street Journal reports.
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October 11, 2004
The $165 million Amelia Peabody Charitable Fund Trust is considering a maiden allocation to alternatives next year.
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October 11, 2004
Colorado's Adams County Retirement Plan has hired fund of hedge funds manager Grosvenor Capital Management and real estate manager Principal Global Investors.
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October 11, 2004
Deutsche Bank reportedly has absorbed its troubled hedge fund business, DB Advisors, according to Investment & Pensions Europe.
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October 11, 2004
Finnish alternative investment firm er Capital Management has launched a third hedge fund strategy, er Global Equity Arbitrage (erGEA).
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October 11, 2004
The U.K. structured products industry has been given a major boost by its regulator, the Financial Services Authority, after it issued a paper paving the way for onshore hedge funds to be sold via a UCITS wrapper.
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October 11, 2004
Australia's ING Investment Management (INGIM) plans to launch its first private equity fund of funds in New Zealand.
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October 11, 2004
New York-based private equity firm Lightyear Capital has promoted Senior V.P. David Glenn to managing director. Before joining Lightyear in September 2001, Green was with Greenhill & Co.
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October 11, 2004
The Massachusetts Pension Reserves Investment Management Board (PRIM) has placed the remainder of its 5% hedge fund allocation--$300 million--with fund of funds firm CAGM Rock Creek, Mar/hedge reports.
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October 11, 2004
New Canaan, Conn.-based Meyer Capital will manage the first hedge fund that is compliant with Islamic law, Financial Times reports.
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October 11, 2004
Monsoon Capital plans to launch its first India-specific hedge fund before the end of the year, according to the Business Standard.
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October 11, 2004
The $300 million Indianapolis Museum of Art is seeking to fund the remaining half of its 10% target allocation to alternatives.
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October 11, 2004
The $60 million David Lipscomb University endowment in Nashville has hired two funds of funds managers in its maiden allocation to hedge funds.
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October 11, 2004
Top tier private equity firms handling money for the almost $170 billion California Public Employees Retirement System could look at terminating their relationship with the fund if lobbyists are successful in winning greater disclosure of the fees paid to private equity partners, industry insiders said.
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October 11, 2004
William Rainer, chairman and ceo of OneChicago, will leave the all-electronic security futures exchange at the end of next month for personal reasons.
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October 11, 2004
Recent Losses Result In Pioneer Fund Shutdown
Pioneer Alternative Investments has closed down its Pioneer Global Macro Fund after it has suffered a 7.3% loss since January, among other problems, Bloomberg News reports.
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October 11, 2004
A growing number of independent financial advisers are recommending hedge funds, according to research conducted jointly by Close Fund Management and Man Investments.
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October 11, 2004
Santa Barbara Investment Capital (SBIC) has launched its latest hedge fund, Diversified SBIC Partners, according to HedgeCo.Net.
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October 11, 2004
Eoghan Flanagan and Nick Barnes have been named co-managers of the Thames River Nevsky Fund.
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October 11, 2004
The $64 billion State of Wisconsin Investment Board has hired Hamilton Lane Advisors as its private equity consultant.
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October 08, 2004
-- David Rocker, managing general partner at Rocker Partners, responding to the notion that short-selling is often misunderstood.
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October 08, 2004
Spyre Asset Management, the London-based fund of funds subsidiary of Abbey National, is seeking a senior investment analyst.
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October 08, 2004
AXA Investment Managers is looking to use equity default swaps in its credit/equity arbitrage fund in the New Year.
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October 08, 2004
The Bakery & Confectionary Union's $5.3 billion pension plan is no longer considering a hedge fund investment.
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October 08, 2004
Barep Asset Management has appointed Patrick Cohen as its new head of marketing and communications.
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October 08, 2004
DC Asset Management, which is based in New York, recently converted its DC Opportunity Fund I to a 3(c)(7) fund in a bid to boost assets.
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October 08, 2004
A group of Canadian heavyweights have formed Diversified Global Asset Management and kicked off a $500 million fund of funds.
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October 08, 2004
The $2.2 billion Cincinnati Retirement System will consider alternative investments once a postponed asset/liability study is finished in the first quarter of 2005.
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October 08, 2004
Citadel Investment Group, the fifth largest hedge fund in the U.S. with some $9.5 billion under management, has hired Pavandeep Sethi, an equity volatility trader at JD Capital Management in Greenwich, Conn., reportedly to spearhead a new volatility arbitrage business.
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October 08, 2004
Capital Management Advisors (CMA) has hired Masha Johnson as a senior analyst, joining from Banque MeesPierson, the private banking arm of Fortis Group.
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October 08, 2004
The following directory includes search and hire activity for the week.
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October 08, 2004
Credit Agricole Alternative Investment Products Group, which manages $8.5 billion in alternative assets, intends to launch a second iteration of its Green Way Arbitrage fund of hedge funds.
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October 08, 2004
Sowood Capital Management, a nascent $2 billion relative value, multi-strategy hedge fund firm, has tapped Mohsen Mazaheri from Credit Suisse First Boston to be its head of risk management.
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October 08, 2004
London-based Attica LJH Investment Management and German private bank Sal. Oppenheim have launched two funds of funds for the nascent German onshore market.
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October 08, 2004
Frankfurt-based Arsago Alternative Capital Management intends to establish a small family of alternative investment products.
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October 08, 2004
The Securities and Exchange Commission's recent enforcement action against Van Wagoner Capital Management involves principles that lawyers expect will be extended to future enforcement actions against hedge fund advisers.
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October 08, 2004
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October 08, 2004
HSBC Republic Investments Limited has launched a leveraged fund of funds that will feed into the firm's existing multi-strategy vehicle, the HSBC GH Fund.
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October 08, 2004
London-based hedge fund firm C60 Capital is expecting in the next six months to quadruple the assets in its first fund, which has now been running for one year.
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October 08, 2004
Natexis Banque Populaire is readying a nationwide marketing and sales drive to support the commercial launch of the France-domiciled Zelis Alternative Fund of Hedge Funds.
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October 08, 2004
An expected change in Danish law around year-end should prompt a flurry of new onshore hedge fund launches in the country.
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October 08, 2004
The following directory includes search and hire activity for the week.
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October 08, 2004
S3 Asset Management, a New York-based firm that aggregates and manages prime brokerage services for hedge fund clients, has hired Kevin Mirabile, head of Barclays Capital's hedge fund sales department.
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October 08, 2004
Swiss alternative investment consultant Octane Group's British Virgin Island management company has appointed Vision Investment Management as an advisor on a moderate risk fund of funds.
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October 08, 2004
The following directory includes search and hire activity for the week.
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October 08, 2004
RAB Capital, the U.K.-based hedge fund firm with $1.5 billion under management, has tapped Mark Fawcett from ABN Amro Asset Management.
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October 08, 2004
Ranger Investments has hired Conrad Doenges, a partner at John McStay Investment Counsel, as a co-portfolio manager and partner.
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October 08, 2004
Canvas Capital Management, a San Francisco-based multi-strategy hedge fund affiliate of SAC Capital Advisors, has hired Michael Siminoff as a managing director.
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October 08, 2004
Short-selling has improved this year compared to last year and the strategy should remain positive for hedge fund managers next year.
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October 08, 2004
Several top private equity officials at Soros Fund Management are leaving the $13 billion behemoth founded by hedge fund guru George Soros.
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October 08, 2004
Austin, Texas-based Third Coast Capital will launch a long/short U.S. equities fund focusing predominately on mid-cap securities in January.
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October 08, 2004
Three U.S. pension funds with combined assets of roughly $2 billion are considering forays into hedge funds.
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October 08, 2004
UBS is looking to make a number of operational hires, having opened a hedge fund administration center in Dublin on Oct. 5.
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October 08, 2004
The following directory includes search and hire activity for the week.
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October 08, 2004
Weston-Atlas Partners Funds, an entity run by Weston Capital Management, Atlas Capital Group and Rand Merchant Bank's subsidiary, RMB International, is investing an undisclosed amount in Asia Ex-Japan, small- to mid-cap, long/short equities firm Acumen Capital Management.
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October 08, 2004
The Wharton School of the University of Pennsylvania has begun to offer for the first time a full fledged course on hedge funds for MBA and undergraduate students.
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October 08, 2004
Zurich-based fund of funds firm Harcourt Investment Consulting is looking to hire analysts, portfolio managers and programmers.