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August 03, 2006
Credit Suisse will reposition its asset management business and focus on alternatives, quantitative and enhanced index strategies as well as structured products, according to an internal memo obtained by AIN sister publication Global Money Management.
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July 28, 2006
Two senior members of the manager selection committee at Credit Suisse's fund of funds group left to join their former boss' startup.
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July 28, 2006
Ed Boyer, director of alternative investments at Asset Strategy Consultants, on the disparity of strategy performances among major hedge fund indices.
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July 28, 2006
Nominees were chosen by the editorial staff of AIN and its sister publication Foundation and Endowment Money Management, with AIN supplying the fund manager categories, detailed below.
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July 28, 2006
Todor Delev and MiaoDan Wu, both equity volatility traders, have left Amaranth Advisors, a Greenwich, Conn.-based hedge fund giant.
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July 28, 2006
Ezra Zask, head of business development at Azimuth Trust Company, departed the firm a few weeks ago.
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July 28, 2006
London-based hedge fund Brevan Howard has hired Stephen Stonberg, former head of European credit derivatives marketing at JPMorgan, as head of business development.
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July 28, 2006
Cohen Bros., a Philadelphia-based boutique investment bank, is preparing offering documents for an asset-backed securities hedge fund.
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July 28, 2006
Add London hedge fund behemoth GLG Partners to the list of big-name firms that got shellacked in May, as the firm suffered losses in nearly all its strategies, including one that kicked off that month.
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July 28, 2006
Harcourt Investment Consulting, the $4 billion Swiss fund of funds firm, will make its first major push for U.S. assets and just launched its first onshore fund of funds for Canadian investors, which is being made available for retail distribution.
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July 28, 2006
Four major hedge fund indices all had different best- and worst-performing strategy sectors in their reports for the first two quarters of the year.
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July 28, 2006
HSBC Republic Investments has hired Marina Gerova as senior analyst for its new private equity business.
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July 28, 2006
The University of Illinois Foundation will start seeking a fund of hedge funds manager in September or October to handle $90 million.
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July 28, 2006
Sara Michel has departed ING Investment Management, where she was the relationship manager for alternative assets, and joined Altima Partners in New York. Calls to Altima were not returned by press time.
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July 28, 2006
Joseph P. Kennedy Enterprises has hired Stacy Dutton, co-founder and partner of hedge fund firm Hygrove Partners, as its cio.
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July 28, 2006
Lake Partners, the $5 billion fund of hedge funds firm in Greenwich, Conn., has hired Matthew Schiffman as director of business development--a new position.
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July 28, 2006
An occasional column by Logan Short, an astute industry observer. He can be reached at lshort@iinews.com.
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July 28, 2006
Third Point, the activist hedge fund run by Daniel Loeb, is getting two board seats at Massey Energy Company and will be reimbursed the $750,000 in legal fees it spent on the proxy fight and its subsequent fracas.
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July 28, 2006
Magnetar Capital, the massive Evanston, Ill., startup launched last year by Citadel Investment Group's Alec Litowitz, has made new hires, according to an individual close to the firm.
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July 28, 2006
St. Olaf College in Northfield, Minn., is seeking to fully fill its 8% allocation to private equity, according to Mark Gelle, assistant treasurer for the $260 million endowment.
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July 28, 2006
Charlotte-based Monarch Capital Management FX Multi-Strategy, which runs a currency CTA program, has landed on a Deutsche Bank allocation platform.
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July 28, 2006
Aegis Capital Group, a New York-based venture capital firm is searching for a senior loan officer for its third fund, according to Brett Hickey, principal.
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July 28, 2006
New York-based commodity trading advisor R.G. Niederhoffer Capital Management, with $420 million under management, has launched its latest short-term, quantitative trading strategy.
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July 28, 2006
Dunmore Capital has hired Bruce Critchley as cfo--a new position for the Sacramento, Calif., private equity firm.
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July 28, 2006
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July 28, 2006
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July 28, 2006
Harald Örneberg, ceo and founder of London-based ORN Capital, has shed some light on his firm's growth plans.
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July 28, 2006
Aumenti Capital Management, a hedge fund shop located in Malvern, Pa., launched its first fund last month.
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July 28, 2006
The $1.7 billion venture capital investing arm of Pequot Capital Management has closed its second fund, according to Daniel O'Keefe, v.p.
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July 28, 2006
Hedge fund risk management, long a cost center that was handed off to the back office or outsourced to vendors, has been transformed into a booming front office business unit, according to Michael Yavelberg, managing director at GloCap Search in New York.
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July 28, 2006
The Securities and Exchange Commission's Division of Enforcement is looking closely at the types of information that flow to hedge fund managers, reports AIN sister publication Compliance Reporter.
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July 28, 2006
Ron LaMorte, senior analyst at Highbridge Capital Management, departed the firm a few weeks ago.
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July 28, 2006
Stenham Asset Management's SGL Gold Fund was down 2.63% in June. Last month's loss followed a dip of 1.62% in May.
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July 28, 2006
Tiberius Asset Management, a Zug, Switzerland-based firm with a focus on commodities, is planning to launch its third fund Oct. 1.
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July 28, 2006
Thames River Capital's latest letter to investors relates gains for its $1.1 billion long/short emerging markets fund to recent market fluctuations following comments made by U.S. Federal Reserve Chairman Ben Bernanke.
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July 28, 2006
Brett Patelsky and Rostislav Raykov, who managed event-driven funds Tiedemann Investment Group and John A. Levin & Co., respectively, have formed Alchem Investment Partners and rolled out the first fund this month.
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July 28, 2006
WestLB is evaluating the possible sale of Brightwater Capital Management, its private equity and structured finance asset manager, and has hired JPMorgan Chase to advise.
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July 27, 2006
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July 27, 2006
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July 27, 2006
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July 27, 2006
EMP Global, founded by Moeen Qureshi, a former World Bank executive, plans to debut its first fund of private equity funds.