Wall Street Journal - Some high-profile Bain Capital credit-investment funds are choking on losses of as much as 50%, said people familiar with the matter, the latest revelation in a day of shake-ups across the hedge-fund business.
The private-equity firm’s credit affiliate, Sankaty Advisors LLC, has lost between 40% and 50% across two funds that bought […]

West Palm Beach (HedgeCo.net) - Hedge Fund manager Gartmore Investment Management Limited is launching the Gartmore European Absolute Return Fund, to be co-managed by Roger Guy and Guillaume Rambourg, subject to regulatory approval.
The new fund will be a UCITS III limited issue vehicle with capacity set at £200 million, the fund’s three week offer […]

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 hedge funds, private equity funds and quantitative equity strategies.
Iordanidis is a co-founder of Z.I. Investment, LLC, a global macro hedge fund in Chicago and former Head of […]

Carbon prices are rebounding and diverging from an overall decline in commodities and oil on Tuesday as London-based Camco International [London: CAO] recorded a $2.6 million (US Dollar) profit on the sale of 151,288 tons of carbon credits on the spot market. The CERs were sold to an undisclosed buyer outside of the European Union […]

New York Times Blogs - Jack Nash, a former chairman of Oppenheimer & Company who helped pioneer the modern hedge fund business, died July 30 in Manhattan. He was 79.
He died at Mount Sinai Medical Center after a long illness, according to his family.
Mr. Nash, who fled Nazi Germany with his family at the age […]

West Palm Beach (HedgeCo.net)- BNP Paribas has appointed Thomas Mahala and Jason Miller to its global hedge fund relationship management team (HFRM). BNP Paribas now has over a dozen relationship management professionals located in […]