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October 18, 2006
$3.7 billion DKR Capital will launch a quant strategy based on a behavioral finance approach.
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October 13, 2006
International Paper CIO Bob Hunkeler, discussing the impetus for his pension's new diversification strategy vis-à-vis hedge funds.
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October 13, 2006
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October 13, 2006
Chicago-based Cupps Capital Management's Endeavor Fund returned -10 basis points in August partly due to its investment in NeuroMetrix.
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October 13, 2006
London-based Dalton Strategic Partnership, which manages $3.5 billion in hedge funds and long-only offerings, has renamed one of its Far East funds.
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October 13, 2006
The table below displays some of last month's top performing long/short managers, according to data provided by Eurekahedge.
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October 13, 2006
Richard Whelan, a former portfolio manager at the CAD96 billion Ontario Teachers Pension Plan, has launched his own multi-strategy hedge fund firm.
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October 13, 2006
Ferro Capital, the $1.7 billion New York-based fund of hedge funds firm, is seeking to make a pair of hires for its new office in Zurich.
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October 13, 2006
Highland Capital Management proudly showed off the recently-completed first year performance figures for its Highland Credit Strategies Master Fund in a letter to investors.
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October 13, 2006
Michael Tobin, longtime marketer for Vega Asset Management, has joined The Galleon Group as managing director of business development.
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October 13, 2006
Houston-based Parallax Investments has turned the corner with its Parallax Capital Partners fund.
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October 13, 2006
HSBC Republic Investments is planning to launch what is believed to be the first-ever fund of funds focused on Latin American private equity.
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October 13, 2006
HSBC Republic Investments has ditched plans to close its arbitrage-focused fund of hedge funds at $300 million, following the quashing of the Securities and Exchange Commission's registration rule.
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October 13, 2006
Fund of hedge funds investments have disappointed international institutional investors through their low returns and high fees, reports AIN sister publication Global Money Management.
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October 13, 2006
International Paper Co.'s $6.9 billion pension fund, which is planning to double its $350 million hedge fund stake, has adopted a new policy to ensure it achieves sufficient manager diversification, according to AIN sister publication Money Management Letter.
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October 13, 2006
London-based asset management giant J O Hambro Investment Management will roll out an offshore version of its long/short Asia fund, probably before the end of the year.
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October 13, 2006
London-based Key Asset Management will launch its third single-manager hedge fund on Nov. 1.
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October 13, 2006
The Hong Kong Securities and Futures Commission's executive director, Alexa Lam, has warned prime brokers to put in place and implement rigorous risk management measures to guard against the risks posed by hedge funds, according to AIN sister publication Compliance Reporter.
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October 13, 2006
Third Point, the activist hedge fund run by outspoken manager Daniel Loeb, and its latest attack target, Nabi Biopharmaceuticals, have failed to reach a peace deal to stave off a proxy fight.
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October 13, 2006
London-based Pre-X Capital Management plans to launch its second fund investing in pre-IPO companies.
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October 13, 2006
MD Sass, the $8 billion colossus run by Martin Sass, is making a marketing push for its original distressed debt fund, which has just $100 million despite being launched in 1989.
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October 13, 2006
Crystal Advisors, an $800 million Miami-based fund of funds firm, has hired Ken Smythe to lead its offshore asset-gathering effort.
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October 13, 2006
The $108 million University of Montana Foundation was due to discuss broadening its alternatives program as AIN went to press.
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October 13, 2006
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October 13, 2006
Odey Asset Management, the $4.1 billion London-based firm led by well-known manager Crispin Odey, launched its fourth hedge fund, a global macro offering, on Oct. 2.
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October 13, 2006
Pantheon Ventures, the London-based private equity fund of funds arm of Russell Investment Group, is seeking to make a new investment hire for its global secondaries business.
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October 13, 2006
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October 13, 2006
Toronto-based Scotia Capital has hired June Anne Reid as a securities lending trader in its prime brokerage business.
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October 13, 2006
Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, has sharply reduced its position in power supply concern Cherokee International.
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October 13, 2006
Zug, Switzerland-based GoldenPeaks Capital is preparing to launch an event-driven activist fund, either later this month or in November.
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October 13, 2006
Toronto-based start-up firm T.I.P. Wealth Manager launched a North American long/short equity fund on Oct. 2.
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October 12, 2006
With multi-strategy hedge funds understandably attracting a lot of interest in the wake of the Amaranth Advisors meltdown, global macro hedge funds quietly had a hard time of it last month as well.