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November 04, 2004
The VKG Belgian Pension Fund is considering an allocation of 3-5% to hedge funds, according to HedgeCo.Net.
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November 04, 2004
Hedge fund giant Caxton Associates says it plans to launch a long-only fund—but not because it expects the stock market to rally before the end of the year, according to Bloomberg News.
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November 04, 2004
Hedge fund investors are showing greater interest in commodities and managed futures than in the traditional convertible arbitrage strategies, according to a survey by Tara Capital.
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November 04, 2004
DB Advisors, the internal hedge fund unit of Deutsche Bank, is being blamed for lost profits during the past two quarters, and may be in for major changes, according to Reuters.
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November 04, 2004
U.K. powerhouse GLG Partners has rolled out its first fund dedicated to Asian investments.
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November 04, 2004
The Securities and Exchange Commission has charged Treyton Thomas with violating federal securities laws by creating a false impression about himself and his hedge fund firm as part of a scheme to manipulate the securities of a Canadian software company.
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November 04, 2004
ATA Ventures has entered the investment market with the formation of ATA Ventures I, a new equity fund capitalized with $150 million.
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November 04, 2004
Westpac Bank has launched a new hedge fund through its Bluewater Funds Management unit, the Australian Financial Review reports.
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November 03, 2004
Neil Harvey, the former head of Credit Suisse First Boston's Asian investment banking group, has joined with three former Macquarie staffers to form Bennelong Asset Management, Finance Asia reports.
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November 03, 2004
Jorge Villion, global foreign-exchange head at Dresdner Kleinwort Wasserstein, is leaving to form his own hedge fund management venture, Dow Jones Newswires reports.
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November 03, 2004
For the first time, single-manager hedge fund assets under management have topped $1 trillion, a figure well above industry estimates of $800-900 million, according to the semiannual survey by Hedge Fund Manager magazine.
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November 03, 2004
Copernicus Capital, a Polish fund management company, has announced plans to launch its first private equity fund that will focus exclusively on managers that invest in Central and Eastern Europe, AltAssets reports.
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November 03, 2004
Schroder Investment Management has added two research analysts to its fund of hedge funds business with the appointment of Naveed Chaudhry and Jean-Pierre du Plessis.
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November 03, 2004
Scotia Prime Brokerage has named Patrick Blessing as head of sales and marketing.
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November 02, 2004
The co-founders of Banyan Fund Management have decided to go their separate ways, and plan to shut their $200 million hedge fund by the end of the year, MAR/Hedge reports.
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November 02, 2004
Kohlberg Kravis Roberts & Co. has named Johannes Huth to succeed Ned Gilhuly as head of the firm's European business, according to AltAssets.
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November 02, 2004
London Asia, the investment bank that focuses on China, has joined with New York-based Global Emerging Markets to launch a $200 million private equity fund.
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November 02, 2004
Norwalk, Conn.-based Pirate Capital has named John Crawley as a co-director of the firm's sales and marketing group, where he will work with current director Andrew Stotland.
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November 02, 2004
RMF Hedge Fund Ventures, a unit of RMF Investment Management, has entered into an agreement to provide seed capital to the Azura Asia Opportunity Fund.
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November 01, 2004
Bain Capital Ventures has closed its second fund with $250 million, according to PrivateEquityOnline.
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November 01, 2004
BearingPoint Inc. has unveiled a new service for institutional investors in hedge funds due diligence and valuation services, timed to coincide with the passage of the Securities and Exchange Commission's hedge-fund registration rule.
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November 01, 2004
Britannic Asset Management has launched its first hedge fund, Britannic World Markets Fund.
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November 01, 2004
Things may be looking down at Quadriga Group, but the firm is still upbeat about its strategies.
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November 01, 2004
Hedge funds could be big winners when the new International Financial Reporting Standards go into effect in Europe Jan. 1, Wall Street Journal Interactive reports.
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November 01, 2004
Hedge funds are bidding up Drax's debt, betting on movements in the darkspread--the spread between energy prices and coal-fired generation costs.
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November 01, 2004
Detroit-based Huron Capital has raised $90 million in commitments at the first closing of its second private equity fund.
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November 01, 2004
Northgate Capital has opened a new office in London and hired Hosein Khajeh-Hosseiny to manage it, according to PrivateEquityOnline.
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November 01, 2004
Pantheon Ventures, a fund of funds firm based in the U.K., has acquired a buyout portfolio that consists of 20 private equity funds with about 90% focusing on U.S. interests, PrivateEquityOnline reports.
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November 01, 2004
Paul Roye, director of the Division of Investment Management of the Securities and Exchange Commission, says the newly passed hedge fund registration rule helps the SEC in six ways.
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November 01, 2004
Grove Capital, recently spun off by George Soros' Soros Fund Management, is one of three hedge fund shops reportedly investing in a new $160 million skyscraper being built by Donald Trump, the Chicago Tribune reports.
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November 01, 2004
Pinder, Fry & Benjamin, a U.K. investment products boutique, is structuring a fund-wrapped product based on a FTSE hedge fund index.
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November 01, 2004
It seems currency analysts are not satisfied working for banks, as a growing number of them are moving to hedge funds, or opening their own shops to advise hedge funds, Reuters reports.
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October 29, 2004
--Scott Kimball, founder of AquaCapital, on why some managers may not be in a hurry to roll out registered funds.
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October 29, 2004
Arden Asset Management has hired Craig Krawiec as research associate to focus on due diligence.
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October 29, 2004
Barry Schachter, formerly managing director of risk management at SAC Capital Advisors, has joined Balyasny Asset Management, the Chicago-based hedge fund founded by Schonfeld Securities trader Dmitry Balyasny.
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October 29, 2004
Cadbury Schweppes may make its first investments in hedge funds next year for its £1.3 billion pension fund.
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October 29, 2004
Hydro One's C$4 billion pension plan has hired Aon Corporation to assist with its maiden allocation to hedge funds.
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October 29, 2004
Clifford DeSouza, senior investment officer of Citigroup Alternative Investments' fund of hedge funds team, has stepped down.
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October 29, 2004
Citigroup Alternative Investments' credit structures division in London has hired Erik-Jan van Bergen, head of asset-backed securities at ING Investment Management in The Hague.
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October 29, 2004
Close Fund Management has raised £70 million through a novel capital-protected fund of hedge funds product.
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October 29, 2004
Six days before last Tuesday's Securities and Exchange Commission vote to register hedge funds, Commissioner Roel Campos called a meeting to offer the industry several ways to avoid or at least delay registering under the Investment Advisors Act.
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October 29, 2004
The following directory includes search and hire activity for the week.
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October 29, 2004
The €5.5 billion Caisse Autonome Nationale de Compensation des Assurances de Vieillesse des Artisans, a French private organization that manages public retirement funds for craftsmen, will not invest in private equity beyond its current 0.1% allocation.
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October 29, 2004
London-based fund of funds giant Financial Risk Management has made two new hires to replace Chris White, formerly senior v.p., portfolio and risk management, who left the firm in August.
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October 29, 2004
Zinc Capital Management, a New York-based long/short shop, has hired Ray Jahaly from Lehman Brothers to be its chief operating officer.
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October 29, 2004
HFR Asset Management (Europe), the fund of funds that manages over $3 billion, opens its first London office today.
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October 29, 2004
As part of a wider marketing initiative, HSBC Alternative Investments Limited, the hedge fund arm of the private bank, is looking to ramp up the assets of its $70 million Continental European Alpha Fund in the coming months.
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October 29, 2004
Investcorp Asset Management, which manages $3.2 billion in fund of hedge funds assets, is looking to establish a bigger presence in the U.S.
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October 29, 2004
Julius Baer Investment Management has added Matt Auriemma from hedge fund firm Reservoir Capital Group as a qualitative analyst for its $1.8 billion fund of funds unit.
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October 29, 2004
Kingdon Capital Management is raising the bar for entry into its funds in an effort to attract more large institutional investors.
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October 29, 2004
Kingdon Capital Management, the $3 billion firm run by well-known manager Mark Kingdon, is looking to hire its first in-house counsel and is currently interviewing candidates.
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October 29, 2004
The following directory includes search and hire activity for the week.
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October 29, 2004
The following directory includes search and hire activity for the week.
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October 29, 2004
Prime brokers are currently enjoying a period of strong revenue growth, but need to get a handle on their competition and expenses, according to a recent study by Celent Communications.
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October 29, 2004
Rotary International will consider a maiden allocation to hedge funds of funds for the $580 million held in its foundation and endowment funds.
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October 29, 2004
More hedge fund managers may now opt to offer registered open- and closed-end funds now that the Securities and Exchange Commission has adopted a rule requiring them to register as investment advisers.
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October 29, 2004
iFast, the B2B fund distribution platform in Singapore, is adding hedge funds to help its independent financial advisor clients service their high-net-worth clients better.
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October 29, 2004
The following directory includes search and hire activity for the week.