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October 21, 2004
EdgeStone Capital Partners has attracted $102 million in commitments at the first closing of its EdgeStone Capital Venture Fund II, passing the half way mark toward its goal of $200 million.
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October 21, 2004
The Financial Services Authority will be taking a closer look at the risks hedge funds pose to prime brokers, Reuters reports.
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October 21, 2004
San Francisco-based Genstar Capital has closed its fourth and largest fund with $475 million in capital commitments, bringing the private equity firm's capital under management to more than $900 million.
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October 21, 2004
Hedge funds raising money to invest in India are surging, as they set their sights on raising $500 million before the end of 2004, The Business Standard reports.
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October 21, 2004
Thomas Isenberg's new hedge fund, Open Road Partners LP, has raised $2.5 million so far for investing in mergers and other corporate developments such as lawsuits and spin-offs, Bloomberg News reports.
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October 21, 2004
Teachers' Private Capital, the private equity unit of the Ontario Teachers' Pension Plan, has teamed up with Bioscience Managers Limited to launch a fund that will make private equity investments in mid-stage Canadian life-science companies.
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October 21, 2004
Santa Monica Partners says it will roll out its latest fund Dec. 31, according to HedgeWorld.
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October 21, 2004
Responding to rising oil prices and worries about future energy supplies, Yellowstone Capital has launched a fund that will invest in early-stage energy companies, AltAssets reports.
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October 20, 2004
While hedge funds were up an average of 1.43% last month, emerging market sector funds led the pack with a jump of 3.3%, according to the HedgeFund.net-PerTrac Universes.
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October 20, 2004
Fund manager Testsuo Inoue is leading an investment advisory team in the roll out of a hedge fund that will invest solely in Japanese stocks, Asia Times reports.
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October 20, 2004
Gottex Fund Management says its will close on Dec. 1 share classes of its $3.6 billion Gottex Market Neutral Fund that have been 2x-leveraged, according to HedgeWorld.
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October 20, 2004
Hedge fund investment in Europe was up 70% for the first half of 2004, and now represents 25% of the $216 billion global hedge market, according to Dexia Asset Management.
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October 20, 2004
Labyrinth Group, a Minneapolis investment management firm, has entered into a distribution agreement with Bank of Oklahoma Securities to offer a principal-protected fund of hedge funds.
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October 20, 2004
Standard Life Investments Limited has expanded its private-equity team with the hiring of Robert Hatch as v.p., private equity, North America.
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October 20, 2004
Three recent private client offerings by Man Group have raised more than $800 million, with a regional Japanese product representing more than 60% of the total.
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October 19, 2004
After a modest gain of 0.14% in August, the CFSB/Tremont Hedge Fund Index jumped 1.01% last month.
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October 19, 2004
Stanley Druckenmiller, managing member at Duquesne Capital Management, has acquired a 6.4% share of HealthSouth Corp., according to Bloomberg News.
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October 19, 2004
Since hedge funds make money when volatility is high, it is no wonder that anxiety may be setting in as volatility levels are hitting dangerously low levels.
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October 19, 2004
ING Investment Management has named Joanne Hordicek to the new post of manager, private equity, according to Financial Standard.
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October 19, 2004
For the second time in as many months, private equity firm Lone Star has turned to Germany to pick up more distressed property, according to PrivateEquityOnline.
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October 19, 2004
Armed with the statistics that three out of four comment letters submitted to the Securities and Exchange Commission oppose the agency's hedge fund proposal, the Managed Funds Association has offered the commission some alternative proposals of its own, Reuters reports.
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October 19, 2004
French mid-market buyout specialist Edmond de Rothschild Capital Partners has closed its debut fund at EUR210 million in commitments, according to AltAssets.
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October 18, 2004
Charlemagne Capital has appointed Stefan Herz as a fund manager. Before joining Charlemagne, Herz was a telecom analyst at Dresdner Kleinwort Wasserstein, where he focused on emerging market telecoms stocks.
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October 18, 2004
DDJ Capital Management and Levine Leichtman Capital Partners are betting on a turnaround in fortunes for St. Louis-based furniture company Falcon Products.
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October 18, 2004
FrontPoint Partners has created a credit relative-value team and has hired two ex- Clinton Group senior officials to lead the effort.
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October 18, 2004
The $1 trillion hedge fund industry is facing a disturbing trend: overleveraging by funds of funds, according to a report by Reuters. Currently, fund of funds represent 10% of hedge assets under management, but a growing number of managers are borrowing more money--and more often--to help make returns look more attractive.
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October 18, 2004
London-based GAM Fund Management is awaiting shareholder approval for a proposal to transfer the holdings of four of its funds into one, according to MAR/Hedge.
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October 18, 2004
Kohlberg & Co. has raised $800 million for its fifth fund, exceeding its target at closing by $150 million, AltAssets reports.
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October 18, 2004
Lehman Brothers has named Brian Talbot managing director and head of its Secondary Fund Investing Group.
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October 18, 2004
Bets on mining and energy stocks have helped boost RAB Capital's Special Situations hedge fund 20% in September, Bloomberg News reports.
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October 18, 2004
All three S&P hedge fund sub-indices of the S&P Hedge Fund Index saw increases in September, thanks to surging oil prices and a rise in federal fund rates, with an average gain of 0.47% for the month.
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October 18, 2004
Richmond, Va.-based TFS Capital has launched its first mutual fund with the TF Market Neutral Fund.
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October 18, 2004
Winton Capital Management celebrated its seventh anniversary by reaching $1 billion in assets under management, according to MAR/Hedge.
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October 15, 2004
-- Mehmet Dalman, former head of investment banking at Commerzbank, on opening his own alternative investments firm.
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October 15, 2004
ABN Amro Asset Management, with $1.7 billion in alternatives, is planning to launch a range of new funds of funds and single-strategy hedge funds as it aims to raise its assets to over $4 billion by the end of 2006.
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October 15, 2004
Multi-billion dollar collateralized debt obligation manager Aladdin Capital Holdings and Mitsubishi Corporation Finance have formed a joint venture and launched two hedge funds.
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October 15, 2004
Atlanta-based AquaCapital, which was started in July by three alumni from Bear Stearns' Investment Banking Private Services group, has hired Timothy Pearce from Mirant as a senior trader and energy analyst.
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October 15, 2004
A new alternative to registering hedge funds has been offered to the Securities and Exchange Commission by a panel of the American Bar Association.
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October 15, 2004
BlackRock has hired two officials for its fund of funds group. Anson Beard, founder of Archimedes Capital Partners, will be responsible for evaluating potential long/short equity hedge fund managers and monitoring managers utilized by BlackRock's funds of funds.
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October 15, 2004
François Hullo, formerly head of business development for alternative investments at BNP Paribas, is now heading institutional sales in France for alternative and traditional investments at the bank.
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October 15, 2004
Brevan Howard, a London-based fixed-income hedge fund with over £1 billion under management, has hired former Bank of America energy derivatives trader Stephane Nicolas to spearhead a push into oil trading.
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October 15, 2004
Capital Management Advisors (CMA), a $1.25 billion Geneva-based fund of funds, has been selected by Macquarie Bank in London to manage a E50 million customized fund of funds for a European institution that will invest in a note pegged to the portfolio.
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October 15, 2004
The following directory includes search and hire activity for the week.
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October 15, 2004
Credit Lyonnais Hedge Fund Structurer Departs
Fabrice Perez, co-head of Credit Lyonnais Securities' hedge fund structuring group in London, has left the bank.
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October 15, 2004
Dankse Capital plans to launch two hedge funds next year, a tactical asset allocation fund and a global fixed-income hedge fund.
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October 15, 2004
Alternative Investment Partners, which manages Alpha Hedged Strategies, the first fund of hedge funds available to the retail market in the form of a an open-end mutual fund, is looking to add at least five to 10 new underlying managers.
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October 15, 2004
Mehmet Dalman, who until recently was head of investment banking at Commerzbank, has opened WMG Limited with $1 billion in assets.
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October 15, 2004
France's Fonds de Reserve pour les Retraites, the gigantic public fund created to help finance France's retirement system, has put the issue of a first allocation to hedge funds on the backburner.
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October 15, 2004
Hedge fund firm GSC Partners has created a new group to help raise capital.
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October 15, 2004
More than 500 hedge fund officials gathered to watch some of their colleagues jam at Planet Hollywood in New York last week during the first annual Hedge Fund Rocktoberfest charity event.
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October 15, 2004
The Hong Kong Housing Society is making a foray into global funds of hedge funds.
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October 15, 2004
HSBC Republic Investments Limited, the funds of funds arm of HSBC's private bank, is considering launching a variety of new single-strategy vehicles.
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October 15, 2004
Well-known financier Carl Icahn is readying a hedge fund that boasts stringent redemption requirements.
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October 15, 2004
Investor Select Advisors is considering developing a new Asian fund of funds.
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October 15, 2004
Jim Welch, the co-head of JPMorgan Alternative Asset Management's portfolio management group, left the firm Oct.1.
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October 15, 2004
London-based CTA firm Mulvaney Capital Management is looking to double its assets in the next six months.
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October 15, 2004
Banque Meespierson, the private banking arm of Fortis Group with $1 billion in funds of funds assets, hired Alexander Slager to handle operations and due diligence.
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October 15, 2004
Halcyon Management Company, a $2.5 billion hedge fund firm in New York, has nabbed Steven Mandis from Goldman Sachs to be its vice chairman and cio for its special credit and select opportunity strategies.
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October 15, 2004
The following directory includes search and hire activity for the week.
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October 15, 2004
Nordea Investment Management will launch a Nordic equity long/short market neutral hedge fund next year and a Denmark-domiciled European equity hedge fund next month.
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October 15, 2004
The following directory includes search and hire activity for the week.
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October 15, 2004
Rand Merchant Bank's fund manager subsidiary, RMB International, will launch euro and sterling share classes for its five existing funds of hedge funds.
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October 15, 2004
SAC Capital Advisors, the hedge fund behemoth run by Steve Cohen, is planning a push into fixed-income.
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October 15, 2004
Shanghai-based Dynasty Asset Management has hired Jeff Knupp from Citadel Investment Group to be its head of business development.
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October 15, 2004
Threadneedle Asset Management Limited, a London-based firm with $1.7 billion in hedge fund assets under management, is considering a move into the nascent German hedge fund market.
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October 15, 2004
London-based funds of funds firm Eden Rock Capital Management will launch a new fund with a novel investment strategy on Nov. 1.
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October 15, 2004
The £1.2 billion John Lewis Partnership Pension Trust is planning a maiden private equity foray.
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October 15, 2004
The following directory includes search and hire activity for the week.