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November 09, 2006
Pershing Square Capital's Bill Ackman has unveiled an 11% stake in Borders (BGP). The stock has jumped over 9% on the news.
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November 09, 2006
Appliance manufacturer Electrolux will from Jan. 1 implement a major alternatives change to three of its pension schemes—based in the U.K., the U.S. and in Sweden—for a combined total of USD2 billion.
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November 03, 2006
David Adams, executive director Indiana Public Employees Retirement Fund, on why the scheme is likely to allocate to fund of hedge funds, despite the higher fees.
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November 03, 2006
The seventh Swedish national pension fund, AP-Fonden 7, with SEK66 billion in total assets, is planning to tender for pure alpha mandates in January, reports AIN sister publication Global Money Management.
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November 03, 2006
Sydney-based Mathews Capital Partners' Tomahawk Fund is down a whopping 45% this year through Sept. 30.
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November 03, 2006
Delta Partners, a Boston-based hedge fund firm, has hired Taber Smith as a marketer for its single manager funds.
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November 03, 2006
The Carlyle Group has hired a trio of senior equity derivatives traders from Millennium Partners in New York, according to AIN sister publication Derivatives Week.
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November 03, 2006
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November 03, 2006
London-based Elgin Capital, with $1.2 billion in assets, has hired Galina Goryacheva as a credit analyst.
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November 03, 2006
The table below displays some of September's top performing funds, according to data
provided by Eurekahedge.
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November 03, 2006
Pomegranate Capital, a New York-based women- and minority-owned fund of hedge funds firm, has prepared a fund allocated exclusively to female managers.
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November 03, 2006
LNG Capital, the London-based start-up hedge fund firm run by Louis Gargour, is seeking to hire someone with deal structuring expertise.
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November 03, 2006
Some of the best-known hedge fund managers have made campaign contributions to Congressional candidates, with the majority of the money going to Democrats.
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November 03, 2006
New York-based Horizon Asset Management has launched a long/short equity fund.
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November 03, 2006
The $14.6 billion Indiana Public Employees Retirement Fund's investment team is crafting a plan for filling its 15% target to alternative investments, which it will present to the board in December, reports AIN sister publication Money Management Letter.
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November 03, 2006
ING Investment Management intends to launch a range of structured products and has hired Seth Vance as senior v.p. of structured asset management to assist with the effort, reports AIN sister publication Money Management Letter.
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November 03, 2006
Stockholm-based Informed Portfolio Management is moving closer to launching a commodity fund.
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November 03, 2006
Third Point, the activist hedge fund firm run by Daniel Loeb, and Nabi Biopharmaceuticals have failed again to reach a peace deal to stave off a proxy fight.
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November 03, 2006
Ilex Asset Management, the London-based credit hedge fund firm, plans to capitalise on opportunities in leveraged loans and structured products as it seeks to boost assets under management.
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November 03, 2006
London-based foreign exchange firm Currency Insight, with $103 million under management, is making its first push for Asian institutional investors.
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November 03, 2006
Man Investments topped the list of fund of funds firms in AIN sister publication Alpha magazine's fifth annual Fund of Funds 50 survey.
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November 03, 2006
Risk management provider MSCI Barra is ramping up its hedge fund capabilities.
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November 03, 2006
GEM Capital, a Belvedere, Calif., firm that manages a municipal bond arbitrage fund of funds, has hired Talia Williams to manage the firm's operations.
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November 03, 2006
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November 03, 2006
Optimal Investment Services, the fund of hedge funds firm owned by Spanish banking giant Grupo Santander, has launched a hedged sterling share classes for its multi-strategy and European long/short funds.
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November 03, 2006
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November 03, 2006
Newly-launched multi-client office Perella Weinberg Partners has hired Leon Bressler and Rod Parsley as partners focusing on real estate and niche portfolio investments, respectively.
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November 03, 2006
Toronto-based Scotia Capital has hired Frances Kinloch to head up its European capital introduction efforts.
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November 03, 2006
Sub-accounts, or side pockets, have become a top enforcement priority at the Securities and Exchange Commission, writes AIN sister publication Compliance Reporter.
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November 03, 2006
Boston-based Sirios Capital Management is opening its European long/short equity fund to outside investors.
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November 03, 2006
The ZAR15 billion ($1.9 billion) pension scheme of South African fuel and chemicals producer Sasol is considering a first investment in alternatives, specifically derivatives, for diversification, reports AIN sister publication Global Money Management.
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November 03, 2006
Zug, Switzerland-based Xantrium Asset Management has launched a global long/short equity fund with a small- and mid-cap focus.
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November 03, 2006
Going Long: Fortress Investment Group.
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November 03, 2006
Thomas H. Lee Capital Management, the fund of funds arm of the private equity magnate, is setting its sights on the U.S. institutional market as it seeks to grow assets, primarily in its Lee Enhanced Offshore Fund launched this spring.