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December 03, 2004
The Securities and Exchange Commission is studying ways to enhance its examination program in preparation for newly-registered hedge funds, according to Jamey Basham, SEC special counsel in the Office of Investment Adviser Regulation.
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December 02, 2004
AXA Private Equity has closed its third-generation secondary fund of funds, AXA Private Equity Fund of Funds III, at $1.04 billion, exceeding by $200 million its original $800 million target.
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December 02, 2004
Cash-rich hedge funds are taking a closer look at private equity investments as the number of good trading opportunities continue to decline, according to HedgeCo.Net, citing a recent Reuters report.
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December 02, 2004
As part of its expansion plans, Pequot Capital Management reportedly is one step closer to completing its acquisition of WC Capital Management, according to Hedgefund.Net, citing a letter to investors from Pequot chairman Art Samberg.
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December 02, 2004
Refco Alternative Investments has named Jan de Smedt as its head of European sales.
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December 02, 2004
Excessive borrowed money is posing major risks to the hedge fund industry, according to Donald Sussman, chairman and founder of Paloma Partners Management Co.
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December 01, 2004
At the recommendation of its it staff and investment consultant, the California State Teachers' Retirement System (CalSTRS) may consider placing some of its $119 billion in assets in hedge funds as a way of enhancing returns, Hedgeworld reports.
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December 01, 2004
Worldwide hedge fund investment in Japan rose 17% since the end of last year, according Asia Pulse, citing figures from Daiwa Securities America.
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December 01, 2004
To capitalize on the 80% annual growth of hedge funds in Asia, the fund of funds firm Ivy Asset Management has opened an office in Tokyo.
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December 01, 2004
Japan's Government Pension Investment Fund (GPIF) says that some time before the fiscal year ending March 2005, it may begin investing in hedge funds as a way of boosting returns, Dow Jones Newswires reports.
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December 01, 2004
McCormack Advisors has changed its name to Santa Barbara Alpha Strategies, effective Dec. 1.
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December 01, 2004
The New Zealand government has given the country's superannuation fund the green light to allocate assets to alternative investments, including hedge funds, according to the Dominion Post.
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December 01, 2004
Putnam Lovell NBF Securities has named Avtar Vasu as v.p. responsible for quantitative analysis, risk management of existing hedge fund managers and evaluation of new managers.
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December 01, 2004
Russian investment bank Renaissance Capital has sold to foreign investors $50 million in shares of RenGaz Holdings Limited Series 2, a fund that bets on the Russian shares of OAO Gazprom, the world's largest gas-producing company.
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December 01, 2004
Sen. John Sununu (R-N.H.) has come out against hedge fund registration, saying there is no evidence that registration would protect investors any better than without it.
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December 01, 2004
T. Rowe Price Group says it won't be entering the hedge fund business any time soon as alternative investments conflict greatly with the traditional mutual funds it offers, Reuters reports.
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December 01, 2004
Three funds of funds managed by the Tilney Group have received Standard & Poor's Fund Management Ratings.
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December 01, 2004
Tidewater Capital Management has launched a hedge fund that will invest in secured real estate transactions.
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November 30, 2004
Babson Capital Management has appointed Edward Kung as alternatives product manager and managing director.
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November 30, 2004
BNP Paribas Asset Management and Fauchier Partners are merging the operations of their joint venture, BNP Paribas Fauchier Partners, to create a fund of hedge funds business.
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November 30, 2004
Paris-based placement agent Triago has launched a separate unit dedicated to aiding institutions that want to sell their private equity assets.
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November 30, 2004
Mark Cuban, owner of professional basketball's Dallas Mavericks, says he is interested in launching a hedge fund managed by professional gamblers to bet on sporting events, the Associated Press reports.
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November 30, 2004
Charles Schwab & Co. has been linked to a hedge fund in San Diego that the Securities and Exchange Commission closed earlier this year because of alleged securities fraud, Investment News reports.
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November 30, 2004
ATP Private Equity Partners has expanded the number of its investment professionals by three to deal with an expected heavy of flow of fund deals within the next several months, AltAssets reports.
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November 29, 2004
Absolute Capital Management (ACM) will become only the third hedge fund on London's Alternative Investment Market when it takes a listing next month, which, according to Bloomberg News, will broaden its appeal to potential investors.
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November 29, 2004
The AUD732 million AvSuper in Sydney plans to search for an unspecified number of Australian long/short equity managers.
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November 29, 2004
BNY Brokerage, a subsidiary of Bank of New York, has named Anthony Conroy as head of sales trading.
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November 29, 2004
Joe Pescatore, co-head of UBS Hedge Fund Services' capital introduction group, has left the firm.
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November 29, 2004
China's volatile market is spawning a growing crop of China-focused hedge funds, Wall Street Journal Interactive reports.
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November 29, 2004
Matt Lindsey, who led the emerging markets group at Deutsche Asset Management, has left to launch his own hedge fund, Bloomberg News reports.
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November 29, 2004
Yet another indicator shows that hedge funds are making a come back after a rough ride for the first eight months of the year, according to HedgeCo.Net.
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November 29, 2004
The growing hedge fund industry has generated equally growing concerns of banks' exposure, and together they are fueling a rising demand for risk-management systems, according to Hedgeco.Net, citing a Reuters report.
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November 29, 2004
The newly formed Fleming Family Capital Management (FCM) is looking to raise $150 million for its debut offering, the Emerging European Frontiers Fund, The Telegraph reports.
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November 29, 2004
The Hardt Group, a hedge fund firm founded by former executives at Commonfund and HVB Alternative Investments, plans to invest in newly formed Tuckerbrook Alternative Investments.
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November 29, 2004
One of top performing university endowments pays its top managers handsomely, but the $25 million-plus David Mittelman and Maurice Samuels each received this year from their firm, Harvard Management Co., is actually about 25% less than each made last year.
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November 29, 2004
Increasing numbers of hedge fund startups, put on notice by the recent adoption of Securities and Exchange Commission Rule 203(b)(3)-2 requiring registration of hedge fund advisers, are investing in their firm's compliance infrastructure.
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November 29, 2004
Some specialist hedge funds may have to close up shop, thanks to a lack of convertible bond issues in Europe, according to HedgeCo.Net.
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November 29, 2004
As part of its expansion, Inflexion Private Equity has named Andrew Mainwaring as assistant director.
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November 29, 2004
More than half of institutional investors surveyed intend to increase their allocations in alternative investments, according to the Coller Capital's debut Global Private Equity Barometer.
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November 29, 2004
Anticipated vague areas in the Securities and Exchange Commission's rule on hedge fund adviser registration will result in a flurry of no-action requests, lawyers said.
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November 29, 2004
The Managed Funds Association has re-elected its chairman, Adam Cooper, a senior managing director and general counsel of Citadel Investment Group.
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November 29, 2004
Lyster Watson & Co. has developed a ranking system that aims to identify top hedge fund managers, Hedgeweek reports.
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November 29, 2004
Soros Fund Management says it will invest $15 million into Medica Venture Partners, an Israeli venture capital firm that invests in healthcare and life-science companies, according to Bloomberg News.
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November 25, 2004
French hedge fund colossus Alternative & Derivative Investments had a rough October, suffering from E178 million in net redemptions for its onshore funds, an amount that represents 58% of its net redemptions for the year.
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November 25, 2004
Rainer-Marc Frey, founder of fund of funds giant RMF, is reportedly in the early stages of setting up his own firm, Horizon 21, a hedge fund and wealth management group.
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November 25, 2004
Mehmet Dalman's fledgling alternative investments firm, WMG Limited, has tapped around 10 individuals from his former haunt, Commerzbank.
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November 24, 2004
--Paul Russell, compliance officer at Global Advisors, on the performance of the firm's commodities fund.
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November 24, 2004
The £1 billion Environment Agency Active Pension Fund has tendered a global private equity and domestic real estate briefs worth £50 million each, following a regular review of its investment strategy.
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November 24, 2004
Barep Asset Management, the Paris-based hedge fund arm of Société Générale, is planning to develop a systematic long/short equity hedge fund.
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November 24, 2004
Black Diamond Capital Management, a $5 billion distressed debt hedge fund firm, has hired Michael Moreno to be its head of marketing, investor relations and client reporting.
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November 24, 2004
London-based Cazenove Fund Management has soft-closed its U.K. long/short equity fund at £165 million, after reopening it at the beginning of October.
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November 24, 2004
Commerzbank Securities, with over $2 billion in fund of funds assets under management, is evaluating opportunities to expand distribution beyond its traditional European markets.
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November 24, 2004
London- and New York-based Global Advisors is likely to hit the target of $250 million in assets for its flagship commodities fund on Dec. 1.
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November 24, 2004
The following directory includes search and hire activity for the week.
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November 24, 2004
The pension plan for Dutch publishing company Koninklijke Wegener in Apeldoorn is considering making a foray into hedge funds.
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November 24, 2004
Endeavour Capital Advisors is planning to launch a multi-sector long/short equity fund next month.
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November 24, 2004
Former Soros Fund Management senior officials, Duncan Hennes and Bob Farrell, will launch a fixed-income fund in January.
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November 24, 2004
Focus Investment Group, a New York-based fund of funds firm, has hired Amar Sil, a senior risk manager at Smith Barney, to be its director of risk management.
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November 24, 2004
DLIBJ Asset Management in Tokyo will consider outsourcing assets to more fund of hedge funds managers.
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November 24, 2004
Fund of funds titan K2 Advisors recently hired Lilly Knight, a former analyst with Commonfund Capital, as a research analyst for the firm.
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November 24, 2004
The $30 billion Maryland State Retirement & Pension System is putting the brakes on plans to invest in hedge funds for the first time.
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November 24, 2004
The $11.6 billion New Mexico State Investment Council will search for one or several hedge fund managers for a $350 million mandate.
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November 24, 2004
The following directory includes search and hire activity for the week.
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November 24, 2004
In a recent letter to investors, well-known manager Ahmet Okumus of Okumus Capital offered a peak behind the curtain at some of his funds' positions.
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November 24, 2004
The following directory includes search and hire activity for the week.
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November 24, 2004
Queensland Investment Corporation (QIC), with AUD33 billion in assets under management, will search for fund of funds managers in the next six to 12 months.
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November 24, 2004
U.K. hedge fund firm RAB Capital, which has $1.5 billion under management, is planning to launch a fund focused on energy commodities next year.
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November 24, 2004
SAC Capital Advisors has created a director of research position and hired H. Perry Boyle, co-head of research at Thomas Weisel Partners.
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November 24, 2004
SAC Capital Advisors has hired a head of human resources.
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November 24, 2004
The $600 million Marguerite Casey Foundation in Seattle will consider increasing its allocation to alternatives, including hedge funds, next year.
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November 24, 2004
Smaller U.S. pension funds, which have traditionally bucked the idea of investing in hedge funds, are beginning to reconsider.
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November 24, 2004
London-based Eddington Capital Management is considering developing new products next year.
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November 24, 2004
The following directory includes search and hire activity for the week.