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August 10, 2006
Ken Glassman, who co-headed Goldman Sachs' distressed investing group, has departed the firm and joined Sandell Asset Management.
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August 10, 2006
Ken Glassman, who co-headed Goldman Sachs' distressed investing group, has departed the firm and joined Sandell Asset Management.
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August 10, 2006
Highbridge Capital Management's $5.4 billion multi-strategy fund returned 3.35% in the second quarter, with statistical arbitrage and U.S. and European convertible strategies leading the way.
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August 09, 2006
Mediocre performance by Maverick Capital funds and a string of investor redemptions have Managing Partner Lee Ainslie III in damage control mode, judging by the firm's most recent quarterly newsletter, a copy of which was obtained by AIN.
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August 08, 2006
Third Point, the activist hedge fund firm run by outspoken manager Daniel Loeb, has obtained the liquidity it was seeking from plastic film maker AEP Industries.
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August 04, 2006
Evanston, Ill.-based Magnetar Capital and Milwaukee-based Stark Investments are the Midwest's contribution to the list of big-name hedge fund firms that lost money in June, as the trickle of investment returns from that month nears its conclusion.
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August 03, 2006
Nicholas White, founder, Fitrol Investment Management, on his firm's stance on current conditions in the equity market.
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August 03, 2006
Société Générale's corporate and investment banking group hired Tae Park, a Brevan Howard mortgage portfolio manager.
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August 03, 2006
Appaloosa Management, the hedge fund giant run by well-known manager David Tepper, has made a sizeable investment in The Goodyear Tire & Rubber Company.
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August 03, 2006
Traxis Partners, the firm run by well-known manager Barton Biggs, inched back into the black after being walloped in May.
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August 03, 2006
London's Brevan Howard Asset Management has hired a senior hedge fund-linked salesman from KBC Financial Products in New York.
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August 03, 2006
Caxton Associates, the hedge fund goliath run by Bruce Kovner, has increased its equity positions in two chemical companies.
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August 03, 2006
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August 03, 2006
Joe Larucci and Patrick Adelsbach, two senior members of the manager selection committee at Credit Suisse's fund of funds group, have left to join their former boss, Jim Vos, at his startup venture.
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August 03, 2006
This week, we take a look at arbitrage hedge funds.
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August 03, 2006
The roughly £2.6 billion Essex County Council Pension Superannuation Fund has tendered a £500 million to £1 billion mandate for active currency overlay.
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August 03, 2006
Lasalle Asset Management, which is run by former Cargill trader Paul Kim, is actively seeking outside assets for the first time.
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August 03, 2006
The CTA strategy managed by Fitrol Investment Management gained 2.14% in June, benefiting from the weakness of global equity markets.
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August 03, 2006
Bulldog Investors, the activist firm run by outspoken manager Phil Goldstein, is planning a proxy fight against the board of a closed-end mutual fund run by J. & W. Seligman & Co. Bulldog has teamed up with Karpus Investment Management; together both firms own roughly 30% of the Seligman Quality Municipal Fund.
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August 03, 2006
The alternatives unit of HSBC Halbis Partners has postponed the launch of its commodities fund to Sept. 1 due to anticipated tax glitches after it was originally slated for Aug. 1, according to Bill Maldonado, ceo in London.
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August 03, 2006
Informed Portfolio Management, the Stockholm-based firm with over $5 billion under management, is seeking to hire a marketing and sales executive focused on targeting institutional investors.
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August 03, 2006
KGR Capital has made changes to the portfolios of its three Asia-focused funds of hedge funds.
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August 03, 2006
The $425 million Firemen's Retirement System of St. Louis could invest in alternatives next year, if a law banning the practice is altered when the Missouri state legislature reconvenes in January.
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August 03, 2006
Sturgeon Ventures, a London-based hedge fund regulatory incubator, has received investment manager status with the Financial Services Authority and is preparing to launch a foreign exchange fund, probably in October.
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August 03, 2006
Marathon Asset Management, the $7 billion hedge fund colossus, recently cashed in when a credit facility it provided to American Gaming Systems was paid off.
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August 03, 2006
A study by Morgan Stanley's prime brokerage unit finds Japan long/short funds as the most sought-after strategy among current private and institutional hedge fund investors.
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August 03, 2006
New York-based Firemark Advisors, with $100 million under management, has reopened its first hedge fund to new investors, according to Michael Morrissey, co-founder.
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August 03, 2006
Kingsview Group's Kingsview Fund returned 1.88% in its first month, according to Philip Silverman, managing member at the New York-based firm.
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August 03, 2006
Aquamarine Capital Management's Aquamarine Value Fund was up 3.6% last quarter after it profited from an acquisition by Warren Buffet's Berkshire Hathaway, according to an investor document.
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August 03, 2006
Hedge fund managers based outside the United States, who had registered with the Securities and Exchange Commission as a result of the agency's registration rule, will likely seek to deregister in short notice, predicted hedge fund lawyers.
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August 03, 2006
At its August and September board meetings, the $750 million Ohio State Highway Patrol Retirement System will discuss boosting its 10% alternatives allocation.
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August 03, 2006
ORN Capital, the London-based boutique with $630 million under management that is 56%-owned by Morley Fund Management, is considering launching funds outside the remit of more traditional hedge fund strategies.
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August 03, 2006
Adriaan Klop, who managed a €1 billion hedge fund portfolio for the Dutch pension fund giant Stichting Pensioenfonds ABP, is launching his own hedge fund.
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August 03, 2006
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August 03, 2006
RAB Capital, the London-based hedge fund giant with $4 billion under management, is considering introducing longer lock-up periods to its flagship, the $1.27 billion RAB Special Situations fund.
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August 03, 2006
Ranger Capital Group, the hedge fund firm started by Texas billionaire Sam Wyly, made a successful play in the equity of retailer Gymboree Corporation through its Synthesis Fund in May.
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August 03, 2006
Sagamore Hill Capital Management, the once high-flying hedge fund firm run by Steven Bloom, is shutting its doors.
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August 03, 2006
Zug, Switzerland-based Tiberius Asset Management, with assets of $110 million, is planning to launch more funds.
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August 03, 2006
The $22.1 billion Texas Permanent School Fund is planning to invest in real estate and hedge funds to increase returns while lowering risk, according to AIN sister publication Foundation & Endowment Money Management.
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August 03, 2006
New York-based Tiger Veda Management has hired David Gleason as cfo--a new position.
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August 03, 2006
New York fund of funds firm The Torrey Funds will target both existing and emerging Asian hedge fund managers for future investments, according to Shu Nung Lee, v.p. of research.
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August 03, 2006
William D. Witter, the $1.65 billion New York-based investment firm, has launched an event-driven fund, according to Shannon Perrin, director of marketing.
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August 03, 2006
Chicago-based Simran Capital Management rolled out its first strategy last month, a so-called pre event-driven strategy that takes market positions via distressed bonds before events such as a company's bankruptcy are announced.