-
October 27, 2006
Gottex Fund Management, in a letter to investors, explaining its reasons for not investing in doomed hedge fund firm Amaranth Advisors.
-
October 27, 2006
Aladdin Capital Management is marketing its first securitization fund, the Aladdin New Alternatives Fund, reports AIN sister publication Securitization News.
-
October 27, 2006
Citadel Investment Group, the gargantuan Chicago shop run by Ken Griffin, is seeking to hire a senior quantitative researcher.
-
October 27, 2006
-
October 27, 2006
Ithmar Capital, a Dubai-based private equity firm, is planning to triple its assets under management when it launches its third fund--which it expects to grow to a sizable $1 billion--at the beginning of the year, reports AIN sister publication Global Money Management.
-
October 27, 2006
Oslo-based Sector Asset Management is rolling out a power fund managed by Thor Lien, former head of Enron's Nordic unit.
-
October 27, 2006
A third of the endowments that have already participated in the 2007 Commonfund Benchmarks Study of Educational Endowments plan to increase their exposures to alternatives and about a quarter intend to cut allocations to domestic equities.
-
October 27, 2006
GLG Partners' GLG North American Opportunity Fund returned 20 basis points in August partly due to a long position in USG Corporation.
-
October 27, 2006
The table below displays some of last month's top performing long/short managers, according to data
provided by Eurekahedge.
-
October 27, 2006
Goldman Sachs' former head of metals and mining, Joseph Belan, has co-founded Zug, Switzerland-based Pala Investments, which launched a $900 million fund focused on natural resources.
-
October 27, 2006
Gottex Fund Management, the Swiss fund of hedge funds giant, conducted due diligence on Amaranth Advisors in 2004, but decided not to invest because of concerns about fees, liquidity and transparency.
-
October 27, 2006
Well-known manager Florian Homm's Palma de Mallorca, Spain-based hedge fund firm, Absolute Capital Management, will open an office in Warsaw on Nov. 1 as it seeks to expand its coverage of Central and Eastern Europe.
-
October 27, 2006
Halbis, an investment management arm of HSBC, has hired a portfolio manager from Barclays Global Investors to co-manage its new commodities fund.
-
October 27, 2006
Dallas-based Hunt Financial Ventures, the investment arm for the family office of Lamar Hunt, has hired Charles Halsey as senior v.p.
-
October 27, 2006
The Idaho Endowment Investment Board is likely to review the asset allocation of its $950 million investment portfolio in the next few months and may consider investing in commodities, private equity, hedge funds and collateralized debt obligations, reports AIN sister publication Foundation & Endowment Money Management.
-
October 27, 2006
Warren Lichtenstein, the head honcho of activist firm Steel Partners, has stepped down from the board of Layne Christensen, a water company based in Mission Woods, Kan.
-
October 27, 2006
Currency Insight, a London-based foreign exchange firm with $103 million under management, will offer its strategy as a pooled fund following requests from some of its U.S. investors.
-
October 27, 2006
Chuck Martin's Mont Pelerin Capital has sold its holdings in a company hit by the options back-dating scandal, after this position contributed to the fund's largest loss in four years.
-
October 27, 2006
Merrill Lynch's hedge fund development and management group has hired Bruce McGuire as the alternative investment specialist for New England and New York state.
-
October 27, 2006
Morley Fund Management is preparing to launch a U.K.-focused hedge fund.
-
October 27, 2006
London-based Mulvaney Capital Management has plans to grow its team.
-
October 27, 2006
-
October 27, 2006
Pirate Capital, the activist hedge fund firm run by Thomas Hudson, has increased its position in PW Eagle.
-
October 27, 2006
-
October 27, 2006
Robert Plaze, associate director of the Securities and Exchange Commission's Division of Investment Management, told AIN sister publication Compliance Reporter that a planned antifraud rule will apply to both registered and unregistered hedge fund managers.
-
October 27, 2006
The private equity division of Standard Life Investments, with around €4.5 billion under management, will hire an additional analyst.
-
October 27, 2006
London-based wealth management firm Stenham Asset Management's gold fund of funds returned -5.36% in September, as the price of the precious metal fell by around 4%, to $598.30 per ounce.
-
October 27, 2006
Thames River Capital has hired Nicolas Ziegelasch as a financial sector fund manager within its European equity team. Tony Zucker, head of European equities, said this is a new position, bringing the team's headcount to nine.
-
October 27, 2006
Langschiff Partners, a third-party marketing firm that represented mostly niche managers, has closed up shop.
-
October 27, 2006
A cadre of large hedge funds with stakes in Foamex International have teamed up to help the foam producing company emerge from bankruptcy.
-
October 27, 2006
Jose Medeiros and Jeffrey Cozad, two partners at Richard Blum's private equity firm Blum Capital Partners, have departed the firm.
-
October 27, 2006
New York's Wyser-Pratte & Co., the investment firm run by activist legend Guy Wyser-Pratte, has hired a senior analyst, Dae Ha, from Goldman Sachs' private equity group.