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October 28, 2004
The London-based Alternative Investment Management Association says it will reserve comment on the recently passed Securities and Exchange Commission's hedge fund registration proposal until the final text of the rules is published, within a couple of weeks.
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October 28, 2004
Axa Private Equity has entered an agreement whereby it will manage the European venture portfolio for Caisse de dépôt et placement du Québec, Canada's leading institutional fund manager.
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October 28, 2004
Tuckerbrook Alternative Investments will roll out its first hedge fund Nov. 1, according to Hedgefund.net.
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October 28, 2004
In response to the Securities and Exchange Commission's vote to require hedge fund registration, the U.S. Chamber of Commerce has charged the SEC for not adequately considering alternative proposals or “the nearly unanimous view that the proposal was misguided.”
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October 28, 2004
Despite opposing the proposal, the Managed Funds Association has pledged to work with the Securities and Exchange Commission to ensure that the SEC's hedge fund registration ruling “does not unduly hinder or impede the hedge fund industry's development.”
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October 28, 2004
Dresdner Kleinwort Wasserstein (DrKW) has launched the first tracker certificate in the U.K. covered warrants market that is linked to hedge funds.
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October 28, 2004
Gartmore Investment Management has teamed up with Japan's UFJ Trust Bank to offer hedge fund products to Japanese employee pension funds, Interactive Investor reports.
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October 28, 2004
Two members of the Senate Banking Committee have expressed their concerns over the Securities and Exchange Commission 3-2 vote in favor of hedge fund registrations, according to Dow Jones Newswires.
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October 28, 2004
Ignition Partners has raised about $300 million for its third fund.
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October 28, 2004
It appears that William Donaldson, chairman of the Securities and Exchange Commission, may have ruffled some feathers in the days prior to the SEC vote approving its hedge fund registration proposal.
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October 28, 2004
Maple Leaf Capital plans to open its Macro Volatility Fund to outside investors on Nov. 1 after launching the offering in January with internal capital, Hedgeweek reports.
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October 28, 2004
Merrill Lynch & Co. has hired away two prime broker chiefs from Dresdner Kleinwort Wasserstein, according to Bloomberg News.
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October 28, 2004
The Emerging Markets Private Equity Association (EMPEA) has appointed Sarah Alexander as its first executive director.
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October 28, 2004
Hedge fund investment in the third quarter more than doubled from the second quarter, jumping to $16.9 billion from $7.5 billion, according to Hedge Fund Research Inc.'s latest figures.
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October 28, 2004
Close Man Guaranteed Hedge Fund II, the second joint product by Close Fund Management and Man Investments, is expect to close Oct. 29 with GBP70 million, according to Hedgeweek.
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October 28, 2004
Spanish bank Banco Bilbao Vizcaya Argentaria has made a $150 million commitment to Palladium Equity Partners' third fund, representing more than half of the $290 million total raised so far, according to Private Equity Online.
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October 26, 2004
Zurich-based Adveq plans to roll out its third European fund of funds in early 2005 as part of its expanded investment program on the Continent.
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October 26, 2004
Caledonia Investments says it taking a closer look at smaller private equity investments, largely ignored by the bigger shops, The Times of London reports.
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October 26, 2004
Judge Richard Stearns of the U.S. District Court for the District of Massachusetts has approved a plan to distribute $1.1 million to victims of former money manager Stevin Hoover.
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October 26, 2004
The Canadian Pension Plan Investment Board has allocated $740 million to one existing and three new private equity partners.
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October 26, 2004
Deutsche Bank's mutual funds unit says three recently launched German hedge funds so far have performed dismally, according to Investment & Pensions Europe.
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October 26, 2004
Deutsche Bank AG plans to sell $382 million in private equity investments to AXA Private Equity, according to Bloomberg News.
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October 26, 2004
European Venture Partners has closed its EVP II venture leasing fund at EUR105 million, including a commitment from the European Investment Fund, according to AltAssets.
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October 26, 2004
Secondaries specialist Greenpark Capital has closed its second fund with $444 million, only three months after its launch, according to PrivateEquityOnline.
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October 26, 2004
The Securities and Exchange Commission has charged Michael Beckford, a former hedge fund director, with violating federal securities laws by using investors' funds for gambling and for making unauthorized investments.
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October 26, 2004
The Securities and Exchange Commission today voted to adopt “substantially as proposed,” Rule 203(b)(3)-2 under the Investment Advisers Act of 1940 that will require hedge fund advisers to register with the Commission.
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October 26, 2004
The Hennessee Latin America Index was the top performer in September, up 4.56%, and 7.13% year-to-date.
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October 26, 2004
JER Partners has closed its fifth private equity real estate investment fund with $823 million in capital commitments.
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October 26, 2004
Julius Baer Investments Ltd says it expects to attract an additional $300 million to its Diversified Fixed Income Hedge Fund when it reopens it for November and December, according to Mar/Hedge.
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October 26, 2004
Singapore-based alternative investment manager Maestro Capital Management Pte has formed a strategic alliance with Jefferies Asset Management, a unit of global investment bank Jefferies Group.
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October 26, 2004
Patron Capital has announced the final close of Patron Capital L.P. II with $366 million in commitments.
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October 26, 2004
Ives Business Services, a Saskatoon, Saskatchewan-based independent mentorship bureau to successful traders and portfolio managers, has announced plans to launch two hedge funds.
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October 26, 2004
AB Segulah, the Stockholm based private equity firm, has closed its third fund with EUR250 million, just two months after it was launched.
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October 26, 2004
Ernst & Young has named Michael Serota to head the firm's global hedge fund tax practice.
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October 26, 2004
State Street Corp. reportedly has named John Atchue as head of U.S. hedge fund FX sales, according to Profit-Loss magazine. Before joining State Street, Atchue was head of the Commerzbank's FX corporate sales desk in New York.
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October 25, 2004
Investors in Catequil Asset Management's domestic fund should see the bulk of their assets returned to them by Dec. 1.
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October 25, 2004
Distressed debt managers are racking up the best performance of fixed-income hedge funds, according to AIN sister publication BondWeek, which highlights Highland Capital Management and Schultze Partners as two of the top performers.
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October 25, 2004
David Becker, quondam global head of commodity trading at Citigroup, has resurfaced at New York hedge fund Trivium Capital Management.
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October 25, 2004
Fort Washington Investment Advisors' private equity arm is preparing to close its fourth fund which will invest in other private equity funds each of whom specialize in one specific industry, according to Stephen Baker, v.p.
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October 25, 2004
Nomura International in London is working toward bringing private equity exposure to a broad range of fixed-income investors.
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October 25, 2004
The San Francisco Employees Retirement System's $12 billion defined benefit plan has allocated up to EUR20 million to a private equity partnership with Apax Partners, called Apax Europe VI.
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October 25, 2004
One of the principal authors of the Securities and Exchange Commission's hedge fund adviser registration rule rebuked rumors that the SEC would do little more than provide lip service to the numerous comment letters before adopting a rule that is not much different from the original proposal.
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October 25, 2004
Sumnicht & Associates is readying its first hedge fund.
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October 22, 2004
--Martin Theisinger, managing director and head of Germany at Schroder Investment Management, on a roadblock caused by Germany's regulator over a credit facility.
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October 22, 2004
Fund of funds titan Arden Asset Management has added two analysts.
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October 22, 2004
Aspect Capital has named Michael Adam as its first chief investment officer, according to HedgeWorld.
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October 22, 2004
Aspect Capital is planning to increase the size of its research team.
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October 22, 2004
Jeffrey Weber has left William A.M. Burden & Co., where he was president and ceo, to join billion-dollar hedge fund manager York Capital Management as president.
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October 22, 2004
Cardinal Asset Management is assembling a fixed-income team that will launch a range of products beginning in 2005.
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October 22, 2004
Shortly after being slapped with a lawsuit by his business partner, Paul Touradji of tiger cub Catequil Asset Management, is fighting back.
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October 22, 2004
Citigroup Alternative Investments has hired Philip Anker as managing director, head of European sales.
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October 22, 2004
The following directory includes search and hire activity for the week.
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October 22, 2004
Compliance officers at hedge funds writing credit default swap transactions need to investigate whether there is a relationship that could potentially be exploited for inside information, recommend lawyers.
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October 22, 2004
CSFB Tremont has added Copernico Capital Partners' flagship Copernico Latin America Strategic Fund to its stable of constituents making up its new Emerging Markets Investable Hedge Fund Index.
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October 22, 2004
Rolf Dreiseidler, head of agency office at German association for alternative investments, Bundesverband Alternative Investments, has left to take up a position within Deka Investments' fund of funds division.
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October 22, 2004
Drake Management, which manages $2.2 billion, is raising the management fee on The Drake Absolute Return Fund.
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October 22, 2004
Cécile de Lasteyrie, former head of marketing and communications at Barep Asset Management, has landed a position at rival firm $4.5 billion Dexia Asset Management, as head of the department in charge of responding to requests for proposals.
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October 22, 2004
David Strasser, formerly of Andor Capital Management, and Michael Keohane from Exis Capital Management, have formed New York-based Moda Partners and will roll out a consumer/retail long/short hedge fund in January.
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October 22, 2004
Powers & Dubin Asset Allocation and Management Co. is making a push to target institutional investors for its funds of funds.
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October 22, 2004
GLG Partners has hired Rick Shobin, a utilities analyst for Duquesne Capital Management, for a similar post.
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October 22, 2004
CentraCareHealth System is planning a maiden allocation to hedge funds of funds for its $175 million operating fund, $6 million foundation and $100 million plus pension plan.
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October 22, 2004
Johns Hopkins University has decided to place the management of its $2 billion plus endowment in the hands of a full-time cio.
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October 22, 2004
Billionaire financier Carl Icahn generated investment profits of approximately $2.77 billion from January 1996 to May 2004, according to a marketing document put together to hawk his new hedge fund, Icahn Partners, which is slated to be launched with $3 billion next month (AIN, 10/18).
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October 22, 2004
Japanese insurance companies are shifting away from investing in poor performing government bonds and stocks, and toward more diversified, alternative products that may carry more risk but better yields, Reuters reports.
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October 22, 2004
John W. Henry & Company, the managed futures firm run by well-known trader John Henry, who also owns the Boston Red Sox, is making a push for more institutional clients.
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October 22, 2004
Three ex-Lehman Brothers traders and salesmen have launched their own Paris-based alternative consulting firm.
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October 22, 2004
Macquarie Bank, the third largest fund manager in Australia, has rolled out a fund of funds targeted to retail investors with an unusual allocation.
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October 22, 2004
Madison Capital Management has appointed Kristina Smorol as portfolio manager.
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October 22, 2004
Fund of funds giant Man Investments is launching a new composite multi-strategy vehicle, the Man AP Enhanced fund, today.
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October 22, 2004
The $600 million Dartmouth-Hitchcock Medical Center recently hired two managers to handle a $20 million maiden allocation into hedge funds of funds.
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October 22, 2004
The $169 million Oklahoma State University Foundation endowment has hired Chicago-based Lowery Asset Consulting to advise the school on an initial foray into alternatives.
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October 22, 2004
The following directory includes search and hire activity for the week.
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October 22, 2004
RMB International, the fund management arm of Rand Merchant Bank, has hired a chief financial officer and senior research analyst.
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October 22, 2004
Rydex Capital Partners, the alternative investment subsidiary of Rydex Investments, has tapped Ed Egilinsky as director of intermediary services.
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October 22, 2004
Denmark-based Saxo Bank is considering options for marketing its Saxo Bank Macro Fund to institutional investors and funds of funds.
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October 22, 2004
Schroder Investment Management is in extended discussions with the Bundesanstalt für Finanzdienstleistungsaufsicht, which may result in delays in bringing its fund of funds to the German market.
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October 22, 2004
Hedge funds in South Africa as a whole have been performing better than the stock market over the past three-and–a-half years, according to the Nedcor South African Hedge Fund Index survey.
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October 22, 2004
State Street Global Advisors will in Q2 next year launch an Asian private equity fund managed by Asian Direct Capital Management, in which State Street Global Alliance is a majority shareholder.
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October 22, 2004
The £300 million Somerfield/Kwik Save Pension Scheme will look into investing in hedge funds next year to further diversify its portfolio.
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October 22, 2004
Liongate Capital Management, a London-based fund of funds, is looking to tap five additional hedge fund managers for its multi-strategy fund of funds by February.
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October 22, 2004
Alternative investments, including hedge funds, are expected to play a major role in Union Investment GmbH's quest to increase its institutional assets in three years by 33%, according to Bloomberg News.
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October 22, 2004
The following directory includes search and hire activity for the week.
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October 22, 2004
Following a choppy September, hedge fund behemoth Vega Asset Management appears to be back on track so far this month.
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October 22, 2004
Wilbur Ross, chairman and ceo of W.L. Ross & Co. and chairman of International Coal Group (ICG), has high hopes for his new endeavor in the coal industry after completing the acquisition of Horizon Natural Resources.