The Florida Growth Fund, to be managed by private equity fund of funds manager Hamilton Lane, will invest on behalf of the Florida Retirement System Pension Fund.

“Florida needs leadership to develop economic growth, because this is one of the biggest issues currently facing our state,” said Attorney General McCollum, one of the SBA’s Trustees. “We have to find a balanced way to stimulate our economy and solve these problems rather than simply relying on federal handouts.”

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Tags: altassets, attorney general, economic-growth, economy, florida retirement system, leadership, mccollum, pension-fund, presence, private equity fund, private equity fund of funds, rsquo, sba

Chicago Sun-Times – Sears Holdings Corp. Chairman and hedge-fund guru Edward S. Lampert failed for the fourth year to make a list he once topped — the richest hedge-fund managers in the nation.

Lampert, who takes no salary from the Hoffman Estates-based Sears, is nowhere to be found on the list published Wednesday by Institutional Investor’s Alpha magazine. Lampert topped the list published in 2005, after pocketing a $1.02 billion salary in 2004 for his leadership of Greenwich, Conn.-based ESL Investments.

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Tags: chicago-sun-times, conn, edward s lampert, esl investments, fourth year, greenwich, guru, hedge-fund-managers, hoffman estates, institutional investor, leadership, salary, sears holdings, sears holdings corp

Bloomberg – Hedge fund Eastbourne Capital Management LLC nominated five directors to the board of Amylin Pharmaceuticals Inc. and is supporting a slate put forward by investor Carl Icahn, after it “lost confidence” in leadership of the maker of the Byetta diabetes drug.

Eastbourne, which owns 12.5 percent of San Diego-based Amylin, said in a letter to management yesterday that the company’s board needs to be “significantly strengthened” after the stock fell almost 80 percent since Oct. 5, 2007. In November, Eastbourne said it was talking with Amylin about options including “a possible acquisition by a third party.”

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Tags: acquisition, amylin pharmaceuticals inc, byetta, capital-management-llc, carl-icahn, confidence, diabetes, diabetes drug, investor, leadership, oct 5, s board, san diego, slate, stock, third-party

West Palm Beach (HedgeCo.net) – Sidley Austin LLP has added six new members to its Executive Committee, the Committee that exercises general authority over the affairs of the firm, and two new members to its Management Committee, the Committee which governs the firm’s day-to-day activities.

William D. Kerr of Chicago joins as global coordinator of the firm’s Investment Funds, Advisers and Derivatives practice and a partner since 1991. He represents clients in securities and derivatives-related corporate and regulatory matters, including the organization and operation of hedge funds, commodity pools, real estate funds and private equity funds, organization and operation of investment advisers, commodity pool operators and commodity trading advisors, structured products, and derivatives documentation and regulation.

Michael J. Schmidtberger of New York has been a partner since 1993 and a global coordinator of the firm’s Investment Funds, Advisers and Derivatives practice, focuses his practice on securities and futures-related funds and corporate transactions, including related regulatory matters.

Schmidtberger regularly advises and represents clients in domestic and international offerings of hedge funds, fund of funds, public and private commodity pools and structured derivative and principal-protected transactions. Mr. Schmidtberger has also counseled clients in numerous fund restructurings and work-out situations. He is also a member of the firm’s Executive Committee and a member of the Committee on Retention and Promotion of Women.

“All of these partners are extremely talented lawyers and have contributed significantly to the growth and success of the firm,” said Thomas A. Cole, Chair of the Executive Committee.

Also hired are, Edward G. Poplawski, Raymond A. Bonner, Constance Choy and Peter D. Keisler, bringing the current count to 49.

“We are delighted to welcome these lawyers to governance roles so they may continue to serve as leaders of the firm,” said Charles W. Douglas, Chair of the Management Committee.

Sidley Austin LLP is one of the world’s largest full-service law firms, with more than 1800 lawyers practicing in 16 U.S. and international cities, including Beijing, Brussels, Frankfurt, Geneva, Hong Kong, London, Shanghai, Singapore, Sydney and Tokyo.

Alex Akesson

Editor for HedgeCo.Net
Email: alex@hedgeco.net

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