Tag Archives: fund-of-hedge-funds


Guinness family firm takes stake in hedge fund group

Forbes – The investment office of the Guinness family, which made its fortune in brewing, has taken a stake in 47 Degrees North and will back future fund launches, the fund of hedge funds firm said on Monday. Under the […]

Top UK fund may invest up to 20 pct in alternatives

Reuters – The UK’s largest pension scheme, the BT Pension Scheme (BTPS) could invest up to 20 percent of its assets in alternative asset classes including hedge funds, a senior executive in charge of its investments said. Frank Naylor, head […]

Hedge fund firm Cheyne Capital to buy Altedge

Reuters – Hedge fund firm Cheyne Capital Management is to buy fund of hedge funds manager Altedge Capital, the firms said on Tuesday, as the once-booming industry consolidates in the face of client outflows. Under the deal, Altedge Chief Executive […]

Legg Mason Launches Tactical Allocation Fund

West Palm Beach (HedgeCo.net) – Investment management company Legg Mason Inc. has launched a global multi-asset tactical allocation mutual fund named Legg Mason Permal Tactical Allocation Fund. The fund, which targets institutional and retail taxable and tax-exempt investors, will be […]

Hermes fund of hedge funds arm appoints chairman

Reuters – Fund of hedge funds boutique Hermes BPK Partners said on Monday it has appointed Glyn Jones, former chief executive officer of Thames River Capital and Gartmore, as its new chairman. Hermes BPK Partners is a partnership between its […]

AIMA Statement On G20 Finance Ministers Meeting

“We welcome the communiqué from the G20 Finance Ministers. AIMA, as the trade body for the global hedge fund industry, has already announced its support both for the authorisation and regulation of hedge fund managers worldwide with their national regulators, […]

BBVA to Exit Hedge Funds Due to Poor Market Conditions

Wall Street Journal – Spain’s Banco Bilbao Vizcaya Argentaria SA said Thursday it has decided to pull out of the hedge-fund market, shutting down Proxima Alfa Investments and exiting two other joint ventures. Spain’s second-biggest bank by assets said the […]

Stanford link to ‘second family fund’

In the News – A fund of hedge funds run by two members of US vice president Joe Biden’s family was marketed by firms connected to Sir Allen Stanford, it has been claimed. The Texan billionaire is facing charges over […]

Ron Insana Strikes Out At SAC Capital

StreetInsider.com – Former CNBC news anchor Ron Insana reportedly will be leaving Stevie Cohen’s SAC Capital. This move should all but put an end to Insana’s foray into the hedge fund world. Ron Insana decided to leave SAC Capital only […]

Penjing Asset Says It May Not Get Performance Fees Until 2010

Bloomberg – Penjing Asset Management, a Hong Kong-based hedge fund of funds manager overseeing about $520 million, said it may not get any performance fees until next year, and declining income will restrict staff bonuses. The company, which ran the […]

December investor survey finds managment fees too high

West Palm Beach (HedgeCo.net) – When surveyed about what they think about fee levels and value for money offered by investment managers, investors believe that managment fees are too high. Two surveys were conducted by bfinance in December, questioning institutional […]

Hedge Fund Charities Pinched as Donors Ask Results Firms Miss

Bloomberg – Martin Ward, a teacher at a London experimental school called the Evelyn Grace Academy, is pitching Arpad Busson on a new idea for getting poor kids interested in science. The charity that Busson leads, Absolute Return for Kids, or […]