Reuters HK – Triple A Partners, an alternative fund firm specialising in seeding new managers, said on Tuesday it would invest an initial $20 million in a new hedge fund launched by Hong Kong’s Enhanced Investment Products Ltd.

Triple A, also known as Asia Alternative Asset Partners, said it had bought a minority equity interest in EIP as well and signed a deal to distribute their existing and future funds globally.

EIP, which has more than $200 million of assets under management, operates using a rare marriage of passive and alternative investing, creating market tracking index funds its EIP Overlay Fund can use to source stock for complex trades.

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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 SilverStreet Capital, a small London fund of hedge funds manager.

Miller, who co-founded New Star Asset Management with John Duffield in 2001, went on a sabbatical in 2006 following a bitter and highly public divorce battle. His absence from the UK fund manager was made permanent in February last year, the FT report said.

SilverStreet Capital is an asset management firm specialising in alternative investments, including hedge funds, private equity and property management.

Alex Akesson

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Guardian Unlimited – When Simon Jordan bought Crystal Palace in July 2000, flush with £36m from selling his mobile phone company to One2One, the club’s fans could hope that he would deliver Premier League football and a ground shinier than today’s weathered Selhurst Park. Eight years on, with Jordan having fought sundry energetic battles and become something of a celebrity – and with Palace having enjoyed a single season in the Premier League – he says almost all of that money has been spent. Palace are in the Championship relegation zone, still do not own Selhurst Park and are mortgaged to a hedge fund, Agilo, which describes itself as specialising in "distressed companies".

Jordan laughed at the idea that Palace is a "distressed company" and emphasised that he is not under financial pressure. But he did say he has had enough of football and he does want to sell the club.

"I want to do other things," he said. "I will miss the fans, and I will miss Neil Warnock [Palace's manager], but I won’t miss much else. I’m fed up with avaricious footballers."

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