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July 14, 2006
John Lowry, founder of Tara Capital, on hedge fund managers who have relied on being net-long, harking back to their days in the long-only world.
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July 14, 2006
Herman Barten, head of business development at ABN AMRO Asset Management's alternative investment group, has moved over to the firm's private client business, where he has taken up a similar position.
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July 14, 2006
Foster City, Calif.-based investment management firm Bailard Investments, with nearly $1.8 billion under management, launched its first healthcare fund June 30.
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July 14, 2006
Baltimore-based Mercantile Capital Advisors, a subsidiary of Mercantile Bankshares, has re-launched its three funds of hedge funds to accommodate institutional investors, according to Brett Lane, senior v.p of investment and wealth management.
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July 14, 2006
The $3.9 billion Chicago Policemen's Annuity & Benefit Fund is considering a maiden direct private equity investment of undetermined size and style in a bid to reduce fees, reports AIN sister publication Money Management Letter.
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July 14, 2006
China watchers are buzzing about the move to allow equity shorting, a major development that could ultimately open a number of trading strategies, reports AIN sister publication Derivatives Week.
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July 14, 2006
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July 14, 2006
Fund of funds firm WR Capital Management, based in Stamford, Conn., has replaced the long/short and CTA managers in its flagship WR Multi-Strategy Fund with market-neutral managers, said Walter Raquet, founder.
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July 14, 2006
Credit Suisse Asset Management's fund linked products group made four new hires late last month, according to an internal memo received by AIN.
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July 14, 2006
This week, we revisit multi-strategy hedge funds.
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July 14, 2006
The $1.4 billion directional and event-driven hedge fund managed by former BBC chairman Gavyn Davies had a rough first 12 months, dropping 8.5%, according to information received from one of its fund of funds investors.
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July 14, 2006
Hedge fund colossus GLG Partners' GLG European Long-Short Fund has taken a significant stake in Vodafone Group.
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July 14, 2006
European investors are set to cut their exposure to long/short equity strategies focused on Europe and emerging markets, while the appeal of Japanese long/short funds is also declining, according to a quarterly survey by Geneva-based hedge fund advisory firm Tara Capital.
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July 14, 2006
Portfolios managed by John Henry suffered further pain last month, as a number of reversing trends in financial markets caused all nine funds to lose money--six by double-digit figures.
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July 14, 2006
Raul Biancardi, head of global sales and marketing at $1 billion dollar fund of funds Key Asset Management, has left the firm. A Key official said Biancardi departed less than a month ago and has not yet been replaced.
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July 14, 2006
Liongate Capital Management is seeking to hire several investment analysts.
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July 14, 2006
Increased competition for assets is leading hedge funds to debut with lower management fees, or none at all.
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July 14, 2006
Stanley Marchon has parted company with Amplitude Capital, where he was head of investor relations.
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July 14, 2006
The $563 million Plymouth County (Mass.) Retirement System is opportunistically seeking venture capital investments to fulfill its 5% private equity allocation.
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July 14, 2006
Patti Ward, head of business development at London-based CTA firm Mulvaney Capital Management, has left the firm after only a few months.
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July 14, 2006
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July 14, 2006
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July 14, 2006
The $5.2 billion San Bernardino County (Calif.) Employees Retirement Association is seeking one or two bond managers to handle $110 million, according to AIN sister publication Money Management Letter.
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July 14, 2006
A year after first approaching the owners of Gene Juarez Salons & Spas, Evergreen Pacific Partners announced a deal for the Seattle-area chain last week.
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July 14, 2006
Geneva-based commodities firm Inoks Capital, with $70 million under management, is considering making its CTA strategy available to outside investors.
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July 14, 2006
M.D. Sass Investors' Maximus Partners fund was down 1.45% in May due mainly to losses in the technology and energy sectors, according to an investor document.
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July 14, 2006
The $650 million El Paso (Texas) Firemen & Policemen's Pension Fund just began an asset/liability study during which it will consider alternatives, seeing as it only invests in equity and fixed income.
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July 14, 2006
Fund of funds firm The Torrey Funds is seeking to add large U.S. institutional investors to its client base now that its assets are approaching $1 billion, said Rick Cortez, private client group president.