Brevan Howard’s BH Global raises $1 bln from London IPO vs target $500 mln
Thomson Financial- BH Global Ltd., the second fund of hedge funds feeder fund to be floated by Brevan Howard Asset Management LLP, said it has raised $1 billion from its initial public offering in...
View ArticleBH Global raises $1 billion
Reuters- Hedge feeder fund BH Global said on Friday it has raised $1 billion (500 million pounds) from a placing with investors, double its initial target of $500 million, which will make it one of the...
View ArticleBlackstone Launches Asia Hedge Fund
West Palm Beach (Hedge Co.Net)- The Blackstone Group announced that Aaron Nieman will be launching Blackstone Altius Advisors, a new event-driven strategy focusing on opportunities in the Asia Pacific...
View ArticleHarcourt launches Belmont (Lux) Global Emerging Markets
Zurich – Harcourt Investment Consulting AG (Harcourt) is pleased to announce the launch of Belmont (Lux) Global Emerging Markets, a multi-strategy fund of hedge funds dedicated to harnessing the unique...
View ArticleTriAlpha launches global fund of property hedge funds
HedgeWeek – TriAlpha, the asset management arm of the Stonehage Group, an international wealth management group, has launched the TriAlpha Global Property Strategy Fund, a fund of property hedge funds....
View ArticleOdey launches funds of hedge funds operation
Wealth Bulletin- Odey Asset Management has created a fund of hedge funds subsidiary to broaden its offering to wealthy investors. It has hired two people from Credit Suisse to run the business from...
View ArticleTRS Official May Leave For Fund Of Hedge Funds
FINalternatives- An Illinois pension fund official caught up in the trial of a prominent supporter of Sen. Barack Obama (D-Ill.) may be joining a new hedge fund. Jon Bauman, executive director of the...
View ArticleGoldman Sachs Hedge-Fund Vehicle Raises $221 Million In Share Sale
CNN Money- A listed fund of hedge funds operated by Goldman Sachs Group Inc. (GS) has lifted its assets by about 25% by raising an additional $ 221.3 million on the London Stock Exchange on Tuesday....
View Article6th Annual Hedge Fund Industry Award Winners
West Palm Beach (HedgeCo.net)- Winners of Alternative Investment News’ 6th Annual Hedge Fund Industry Awards were announced on Wednesday evening June 25th at a black-tie dinner and ceremony at Cipriani...
View ArticleForeign wealth pours into London’s hedge funds
Guardian.co.uk- Foreign sovereign wealth investors are targeting London’s hedge fund industry as they seek to boost returns on their vast savings, much of it generated from trade with the west in oil...
View ArticleDWS hedge offers daily liquidity
Financial Standard- DWS Investments could well be one of the pioneers of a new era in hedge funds when it launched a new product that offers daily liquidity and pricing to retail investors. DWS...
View ArticleUBS considers Paine Webber sale in review
Reuters- Beleaguered Swiss bank UBS is considering the sale of Paine Webber, the heart of its U.S. wealth management business, according to sources with direct knowledge of the matter. UBS is under...
View ArticleWittenham launches hedge fund for frontier markets
Reuters- Singapore’s Wittenham Investment Management launched a fund of hedge funds to invest in frontier capital markets such as Africa, Middle East and countries in the former Soviet Union. The MENA...
View ArticleRecent Tax Rulings Affecting Hedge Funds
The Internal Revenue Service (“IRS”) has recently issued new rulings and regulations that have an impact on tax filings by many hedge funds. The new rulings deal with the deduction of investment...
View ArticleFortis sells hedge fund International Asset Management
Reuters – Belgian-Dutch financial services group Fortis said on Wednesday it had sold former ABN AMRO unit International Asset Management IAM.L as part of a strategy to bolster its balance sheet....
View ArticleFRM Hires Award Winning Hedge Fund Manager
West Palm Beach (HedgeCo.net)- Global fund of hedge funds (FOHF) group Financial Risk Management (‘FRM’), has hired Au King-lun, MH, PhD, as Chief Executive Officer of FRM Hong Kong. "The firm has long...
View ArticleMorningstar Reports Low End to Quarter
West Palm Beach (HedgeCo.net)- In a summary of hedge fund performance for the second quarter of 2008, Morningstar, Inc. marked June as a bad end to a good quarter. The Morningstar 1000 Hedge Fund Index...
View ArticleCanada’s Sceptre Hires NY Hedge Fund Manger FGG
West Palm Beach (HedgeCo.Net) New York-based Fairfield Greenwich Group ("FGG"), a $16.6 billion global hedge fund and fund of hedge funds management firm has formed a cooperative venture with Sceptre...
View ArticleTraders head for hedge funds
Times Online- They may be partly responsible for the mess the banks are in but bankers are not sticking around for the clean-up. Many top bankers have lost confidence in their institutions and are...
View ArticleMitsubishi Asset Brains Plans to Start a Fund of Hedge Funds
Bloomberg- Mitsubishi Asset Brains Co., an investment advisory firm of the Mitsubishi financial group, plans to start a fund of hedge funds as it seeks to invest in managers that can make money in...
View ArticleRupert Allan Hires Fund Of Hedge Fund Specialist
West Palm Beach (HedgeCo.net) – Established leader in the management of fund of hedge funds, Tremont Capital Management, has appointed Scott R. Metchick as Chief Investment Officer. Metchick brings to...
View ArticleSexism and the city: you dont need men when you run $60bn in assets
The Independant – Susan Solovay, founder of a New York-based fund of hedge funds, explains to Martin Baker why her strategy of investing only with female managers will pay off – and why Warren Buffett...
View ArticleRogers Hires Two People for Fund of Hedge Funds, Expects Growth
Bloomberg – Rogers Investment Advisors Y.K., a Tokyo-based hedge fund adviser, has hired Yoshiaki Iizuka and Eric Chong as it expects to more than double assets by the year-end. Iizuka, 52, joined...
View ArticleHedge investors on cautious tack in choppy markets
Reuters – Funds of hedge fund portfolios are battening down the hatches in the current volatile markets by building up cash or steering clear of strategies with too much exposure to market movements....
View ArticleOS alternative funds receive local support
Money Management – HSBC will soon provide local services to its global hedge fund and private equity clients as they chase “the superannuation dollar”. HSBC plans to increase its footprint in the...
View ArticleUnigestion Hires Former Julius Baer Manager as Head of Hedge Funds
West Palm Beach (HedgeCo.net) – Privately owned asset manager, Unigestion, has appointed Konstantinos Iordanidis as Managing Director and Head of Hedge Funds. Unigestion has $11 billion invested in...
View ArticleHedge Fund TriAlpha Explores Diversified Fund Launches
West Palm Beach (HedgeCo.net) – TriAlpha recently a launched property hedge fund of hedge funds, the TriAlpha Global Property Strategy Fund in June this year. The fund seeks absolute returns by...
View ArticleGeneva private bank tops fund of hedge funds table
Wealth Bulletin – Geneva-based Union Bancaire Privée emerged as the largest fund of hedge funds provider, replacing UBS Global Asset Management at the top, with $56.8bn, according to the InvestHedge...
View ArticleCrisis to spur big Asia hedge fund shake-out
Reuters – Asia’s hedge fund industry, one of the world’s worst performers even before the latest surge in volatility, will see a major shake-out as the global financial turmoil shuts down a huge swath...
View ArticleHedge fund launches in dire times
Globe and Mail – On monday, when North American markets cratered, was not the most auspicious day to launch a closed-end fund of hedge funds, but Star Hedge Managers Corp. has been quietly trading...
View ArticleWolver Hill Japan Hedge Fund Resists Slumping Topix
Bloomberg – Wolver Hill Japan Multi-Strategy Fund, run by Deutsche Bank AG’s former prime brokerage sales chief in Tokyo, resisted the worst month for the nation’s stocks in almost 15 years to be...
View ArticlePotential for Hedge Fund Returns Is Still There For Investors – Report
West Palm Beach (HedgeCo.net) – According to a recent survey conducted by the Association of Investment Companies (AIC), a poll of 1,300 sophisticated private investors showed that 15% believed that...
View ArticleFinvest Launches Offering and FOHF Allocation
West Palm Beach (HedgeCo.net) – Finvest Asset Management is set to launch a new capital protected offering for investors who are seeking to generate annual returns of between 12-20 percent in a low...
View ArticleRussian hedge funds face closure
Reuters – Up to half of Russian hedge funds could go out of business as the financial crisis sends investors fleeing and the stock market continues to fall, according to industry experts. Speaking at...
View ArticleCitadel Shifts Capital, Will Focus on Seeding
New York (HedgeCo.Net) – Citadel Investment Group announced yesterday it will shut down its $1 billion fund of hedge funds portfolio and use the capital to invest in other businesses. The Fusion fund...
View ArticleLondon Hedge Fund Manager Alan Miller Makes a Comeback
West Palm Beach (HedgeCo.net) – According to a report in the Financial Times, London hedge fund manager Alan Miller has returned to the industry after a two-year absence by becoming a partner at...
View ArticleHedge Fund Group Gottex Opens Office in Dubai, Hires Ex-Lehman Manager
West Palm Beach (HedgeCo.net) – Independent alternative asset and hedge fund management group, Gottex Fund Management Holdings Limited, announced the opening of an office in Dubai to capitalise on the...
View ArticleFoHF Lighthouse Expands Through Integration with GlobeOp
West Palm Beach (HedgeCo.net) – Fund of hedge funds Lighthouse Partners announced that it is expanding its partnership with GlobeOp Financial Services to a full-service fund administration...
View ArticlePaamco recruits KBC Alpha pan-Asian fund of hedge funds team
Hedge Week.com – Pacific Alternative Asset Management Company, an Irvine, California-based fund of hedge funds manager with USD9bn in assets has announced the recruitment of the investment team of KBC...
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