Tag Archives: asset-manager


BlueCrest to shut asset-based lending fund

British asset manager Blue Crest is winding down its Specialty Asset Finance Fund after losses and redemptions forced the fund to close many positions at a heavy loss, sources familiar with the fund told Reuters. BlueCrest declined to comment on […]

BK Communications Group Announces Strategic Partnership With Former AllianceBernstein Global Branding Director

West Palm Beach (HedgeCo.net) -  BK Communications Group (BKCG) today announced a strategic partnership with James Velgot, a Wall Street visual communications pioneer who was most recently Director of Global Branding at AllianceBernstein.  Velgot will offer his brand identity and […]

Colonial Seeks Hedge Fund to Join Gore, 452 in Alliance Stable

Bloomberg – Colonial First State, Australia’s biggest asset manager, may seek an alliance with a hedge fund to offer customers a strategy capable of profiting in rising or falling markets. The manager of about A$130 billion ($103 billion) has A$4 […]

Bramdean names Petersfield AM as bidder

Reuters – UK asset manager Bramdean Alternatives named Petersfield Asset Management Limited on Tuesday, as the bidder to rival the proposal by property tycoon Vincent Tchenguiz’s investment vehicle, Elsina, to oust its current board. Bramdean said in a statement that […]

Barclays in talks with BlackRock on BGI sale

Financial Post – Barclays PLC, the U.K.’s third-largest bank, is in talks with BlackRock Inc. and other bidders to sell its asset management division for more than US$10-billion. BlackRock, the world’s biggest publicly traded asset manager, is the leading contender […]

Hermes wants more fund transparency

Reuters UK – Pension fund manager Hermes has called for a shake-up of the hedge fund industry, demanding greater transparency and fee structures closer aligned to performance. The asset manager, which runs BT’s giant pension fund, said it wanted to […]

Abax to Open Tudor-Backed Macro Hedge Fund to Outside Investors

Bloomberg – Abax Global Capital Ltd., a Hong Kong-based asset manager part-owned by Morgan Stanley, plans to open a hedge fund backed by Tudor Investment Corp. to outside investors for the first time. The Abax Dymon Asia Macro Fund, which […]

MENA Multistrategy Hedge Fund Launch

West Palm Beach (HedgeCo.net) – Alternative asset manager, Duet Group, has launched the first Middle East and North Africa (MENA) multistrategy hedge fund "Duet MENA Opportunities Fund". The new fund will target both equity and fixed income markets in the […]

FRM Unit Plans $300 Million Investments in Hedge Fund Managers

Bloomberg – FRM Capital Advisors Ltd., a unit of London-based asset manager Financial Risk Management Ltd., plans to make as much as $300 million of strategic investments in hedge funds this year, including its first in Asia. FRM Capital may […]

Pengana Aims to Grow Volatility Hedge Fund Amid Market Swings

Bloomberg - Pengana Capital Ltd., a Sydney- based asset manager that oversees A$1.5 billion ($1.1 billion), aims to increase the amount of hedge fund assets that bet on market swings by six times in two years. Pengana is seeking to grow […]

Kumar, Ex-TPG-Axon Partner, Said to Start Hedge Fund

Bloomberg – Hari Kumar, a founding partner of New York-based asset manager TPG-Axon Capital Management LP, is starting his own hedge fund with $75 million of initial capital from him and a partner, said two people familiar with the plan. […]

AIG’s asset management division gets bidders: report

Washington Post – About half a dozen investment managers have put forward bids, ranging between $400 million to $800 million, for troubled insurer American International Group’s asset management business, the Wall Street Journal reported, citing people familiar with the matter. […]

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