-
November 12, 2004
Fidelity Investments is planning to launch a German Investment Company in January, according to Investment & Pensions Europe.
-
November 12, 2004
American Diversified Funds has hired David Carrara as director of managed funds.
-
November 12, 2004
Ettore Biagioni, former head of Deutsche Bank's Latin American private equity unit, has taken some of his former colleagues and launched Alothon Group, a private equity spinout that will manage the bank's Latin American p.e. business, as it has been doing for the better part of a decade.
-
November 12, 2004
A whopping 500% growth in fund of funds has helped propel the HFR Database of actively reporting funds past the 4,000 barrier, Hedgweek reports.
-
November 12, 2004
Julius Baer is launching what it says is an "innovative" absolute-return product for private and institutional investors.
-
November 12, 2004
Hermes Pensions Management has launched a fund of hedge funds in order to invest the £540 million BT Pensions Scheme allocated to hedge funds.
-
November 12, 2004
Strict controls and a desire to keep investors happy contribute to keeping hedge fund risks in Europe low, according to Threadneedle Asset Management, Reuters reports.
-
November 11, 2004
Bear Stearns Cos. has invested $25 million in a hedge fund launched by James Higgins, a former company executive, according to Bloomberg News.
-
November 11, 2004
Cardinal Asset Management has hired Stuart Davies to work with Paul Boulton and Christopher Peel in the development of the London-based firm's hedge fund of fund business.
-
November 11, 2004
Clinton Group has named David Bigelow IV as product manager with its collaterized debt obligation team.
-
November 11, 2004
Harris Alternatives LLC has renamed its Stellar Partners L.P. fund to Aurora Global Opportunities L.P.
-
November 11, 2004
A growing number of hedge funds are closing down or merging with others as the result of poor performance and increased failure risks, according to the France-based Edhec Business School.
-
November 11, 2004
Morgan Stanley has expanded its private wealth management division with the hiring of three fund managers, Bloomberg News reports.
-
November 10, 2004
The Barclay/Global Hedge Source Hedge Fund Indices was up 0.95% in October, with only four of the 17 sub-indices in negative territory.
-
November 10, 2004
The London-based Carlyle Group has expanded its Carlyle Europe Leveraged Finance business (CELF) with the addition of four new members.
-
November 10, 2004
In what may be the first product of its kind, two Credit Suisse First Boston hedge fund groups have launched a series of investment vehicles for both active and index-linked platforms.
-
November 10, 2004
The CFA Centre for Financial Market Integrity, the new research and policy unit of CFA Institute, has released an exposure draft that sets forth global ethical and professional standards for firms managing assets as separate accounts or pooled funds, including hedge funds and mutual funds.
-
November 10, 2004
Gartmore Funds plans to close its Gartmore Micro Cap Equity Fund to new investors on Nov. 30.
-
November 10, 2004
HarbourVest, the Boston and London-based fund of funds firm, has promoted eight, or more than 15%, of its 53 investment professionals, according to AltAssets.
-
November 10, 2004
New Jersey's decision to allocate up to 13% of its assets in alternative investments over the next seven years has unleashed a wave of criticism—and a couple of lawsuits--from the state's unions, according to The New York Times.
-
November 10, 2004
Pioneer Alternative Investments, a subsidiary of Unicredito Itlaiano, says it plans to increase by 250% its management of funds for German clients during the next two years, according to Bloomberg News.
-
November 09, 2004
London-based PSolve Assets Management has named Jabir Sardharwalla as investment director of PSolve Alternative Investments, it newly created hedge of hedge funds division, according to Hedgeweek.
-
November 09, 2004
As the California Public Employees' Retirement System is approaching commitment of its first $1 billion to hedge funds, CalPERS, the largest pension fund in the U.S. with $166 billion in assets, is seeking board approval for another billion, thus doubling its investments in hedge funds.
-
November 09, 2004
Tribley Asset Management Ltd. says its TAM Absolute Return Fund has attracted its first institutional investor.
-
November 09, 2004
L'Autorite des marches financiers (AMF), the French regulator, expect the debut of France's first onshore hedge fund in December, following approval by the finance minister by the end of this month, according to Reuters.
-
November 09, 2004
To respond to their ever-growing size and needs of their customers, hedge funds increasingly are adding fixed-income traders and analysts to their ranks, according to the Dallas Morning News, citing a recent survey from Greenwich Associates.
-
November 09, 2004
Hedge funds found themselves in positive territory in October, as the Hennessee Hedge Fund Index inched up 0.69%, bringing the year-to-date return to 3.34%
Top performer last month was the Hennessee Telecom and Media Index, up 2.05%, although year-to-date, it is off 3.68%.
-
November 09, 2004
Infiniti Capital, a Swiss fund of hedge funds, has launched an eight-year structured note that is targeting professional investors only and that is being marketed in a variety of international markets, but not the U.S.
-
November 08, 2004
Baird Capital Partners, the U.S. private equity affiliate of Robert W. Baird & Co., has opened a second office in Asia, this time in Shanghai.
-
November 08, 2004
As volatility in equities continues to slide, fund managers looking for alternatives are increasingly turning to options derivatives, HedgeCo.Net reports.
-
November 08, 2004
As hedge funds continue to produce mediocre results, global fund managers are setting their sights on private equity funds, Finance Asia reports.
-
November 08, 2004
Paul Capital Partners has named Todd Davis as a partner to the Paul Royalty Fund team.
-
November 08, 2004
Poor performance, with little indication of future improvement, has led to the liquidation of the Oberon Long / Short Japan Fund.
-
November 08, 2004
SovGEM has announced plans to float on London's Alternative Investment Market in November, Reuters reports.
-
November 08, 2004
Hedge fund returns were up 0.4% return in October, as year-to-date figures indicate hedge funds are keeping pace with the S&P Index as both stand at 3.1%, according to Van Hedge Fund Advisors International.
-
November 05, 2004
--Thomas Elwood, general counsel for Greylock Capital Management, on why it is fruitless to seek loopholes to the new Securities and Exchange Commission registration requirement.
-
November 05, 2004
P&A Advisors, a $265 million New York-based fund of funds, has hired Bill Brennan, head of third-party distribution at U.S. Trust Company, to be its director of business development.
-
November 05, 2004
BluMont Capital and Man Investments have extended their strategic alliance to include the marketing and distribution of co-branded retail alternative investment products in Canada.
-
November 05, 2004
The following directory includes search and hire activity for the week.
-
November 05, 2004
Dai-Ichi Mutual Life Insurance in Tokyo is planning its investment strategy for next fiscal year, which will likely include an investment of over $100 million in global hedge funds.
-
November 05, 2004
Juristernes og Økonomernes Pensionskasse, the DKK23 billion ($4 billion) Copenhagen-based Danish pension for lawyers and economists, is turning its back on hedge funds, at least for now.
-
November 05, 2004
David W. Tice & Associates, the Austin, Texas-based firm run by well-known short-seller David Tice, will launch a long/short equity fund focusing on metals and minerals in the next few weeks.
-
November 05, 2004
New York-based Digital Century Capital, which is run by Rajiv Chaudri, the former head of global semiconductor research at Goldman Sachs, has launched two long/short technology funds.
-
November 05, 2004
Cliff Robbins, a former partner at Kohlberg Kravis Roberts & Co., has created Blue Harbour Group, a new value-oriented hedge fund firm that uses a private equity approach to the public markets.
-
November 05, 2004
Gottex Fund Management, the Lausanne, Switzerland-based fund of funds firm, will likely hire one or two additional senior investment professionals next year.
-
November 05, 2004
After the Securities and Exchange Commission voted to require hedge fund managers to register as investment advisers, some are already looking for loopholes, but the general consensus is that no practical ones exist.
-
November 05, 2004
An impending lawsuit by Phillip Goldstein, principal at Opportunity Partners, an unregistered hedge fund adviser in Pleasantville, NY against the Securities and Exchange Commission has not generated much enthusiasm in the hedge fund industry.
-
November 05, 2004
International Paper is planning to increase the hedge fund allocation for its $6.5 billion pension fund.
-
November 05, 2004
Retail hedge funds may be in the cards for Ireland, a move that would make it the first European jurisdiction to blaze that trail.
-
November 05, 2004
The family office for Robert Wood Johnson IV, billionaire heir philanthropist and owner of the New York Jets, is expanding its investment mandate to include alternative investments as it prepares to cater to a new generation of family members.
-
November 05, 2004
The £2.4 billion Tyne and Wear Pension Fund, administered by South Tyneside Council, plans to appoint additional private equity fund of funds managers to complement incumbent HarbourVest Partners.
-
November 05, 2004
London-based Shooter Fund Management, has rolled out its first fund, a volatility arbitrage fund dubbed Shooter Multi-Strategy Fund.
-
November 05, 2004
Man Group reports that for the first half of 2004, net management fee income is up 34% and brokerage net income rose 27%.
-
November 05, 2004
MatlinPatterson, the global distressed private equity firm based in New York, has raised $1.665 billion for the final close of its second control-oriented distressed fund, PrivateEquityOnline reports.
-
November 05, 2004
Maverick Capital, the $9 billion colossus run by Lee Ainslie, will roll out three funds in April that have carrots designed to keep investors in the manager's stable for longer periods of time.
-
November 05, 2004
Mellon Private Wealth Management has closed its fourth private equity fund of funds, Mellon Private Equity Fund IV, with $56.4 billion in assets for the third and final time.
-
November 05, 2004
Philip Purcell, ceo of Morgan Stanley, is responsible for 10% of the total $79 million investment in the Continental Healthcare Fund, a hedge fund founded by his sons David and Paul Purcell, Bloomberg News reports.
-
November 05, 2004
The following directory includes search and hire activity for the week.
-
November 05, 2004
Newbridge Capital has added Tim Dattels and John Olds to its team, and announced plans to raise $1 billion for a fourth fund, Bloomberg News reports.
-
November 05, 2004
The $9.1 billion Ohio Police & Fire Pension Fund may make a foray into hedge funds.
-
November 05, 2004
The $399 million Oklahoma City Employee Retirement System has selected fund of funds managers AIG and K2 Advisors to handle a 5-7.5% hedge fund allocation.
-
November 05, 2004
The $2.3 billion Osaka Gas Employee Pension Fund is increasing its allocation to global private equity to 5% from 3%.
-
November 05, 2004
Los Angeles-based Funk Ventures has named Drew Thacker and Tom Oliver to its corporate advisory board, bringing a combined 40 years' experience to the private equity/venture capital firm.
-
November 05, 2004
PGGM, the E57 billion Dutch social work and healthcare employees' pension plan, has a new hedge fund sheriff.
-
November 05, 2004
The following directory includes search and hire activity for the week.
-
November 05, 2004
The $334 million Queenscare foundation is looking to fill its 5% allocation to alternatives.
-
November 05, 2004
Charles Schwab & Co. is poised to enhance its no-fee Alternative Investment Source platform to include more than just hedge funds.
-
November 05, 2004
Two former investment professionals with the Government of Singapore Investment Corp. have launched Octagon Capital, Finance Asia reports.
-
November 05, 2004
Laurent Sroussi, managing director and deputy head of sales for equity derivatives and structured products for North America at Société Générale, has left the firm.
-
November 05, 2004
Threadneedle Asset Management Limited has just rolled out a fund of funds that will target the German market.
-
November 05, 2004
Pinder, Fry & Benjamin, a U.K. investment boutique, is structuring a fund-wrapped product based on a FTSE hedge fund index.
-
November 05, 2004
The following directory includes search and hire activity for the week.
-
November 05, 2004
Confluence, a provider of automated marketing and regulatory reporting, is pitching its services to the hedge fund industry, now that advisors have to register with the Securities and Exchange Commission.
-
November 05, 2004
The £200 million Powys County Council Pension Fund will soon make a first foray into private equity and tactical asset allocation to diversify its investment portfolio.
-
November 05, 2004
Weston-Atlas Partners Fund, an entity run by Weston Capital Management, Atlas Capital Group and Rand Merchant Bank's subsidiary, RMB International, plans to launch a new incubator fund in January.
-
November 05, 2004
The $135 million World Wildlife Fund in Washington, D.C., is searching for private equity managers to fill out its 5% target allocation.