HEDGE FUND NEWS

Bloomberg - Tokio Marine Holdings Inc. will shift more of its 11 trillion yen ($100 billion) in assets to hedge funds and scour the globe for bargains as the credit squeeze forces down prices.
Tokio Marine & Nichido Fire Insurance Co., a unit of Japan’s biggest casualty insurer, may boost its investments in hedge funds by […]

Reuters- Investment firm Duff Capital Advisors said on Tuesday it acquired hedge fund group North Sound Capital.
The two firms, both located in Greenwich, Connecticut, did not disclose terms of the deal.
For Duff Capital, which launched in March with the goal of raising between $1 billion and $1.5 billion to seed investment strategies, this marks its […]

West Palm Beach (HedgeCo.net)- According to a new report by DataMonitor, ‘Hedge Funds in Europe 2008′, the European hedge fund market is going through a period of growth but the extent of the mortgage-backed security crisis is still uncertain.
The report forecasts strong growth in funds of hedge funds over the next year, with less demand […]

CityWire.co.uk- RWC Partners has recruited Carmel Peters and Kirsty McLaren for the launch of an Asian-focused fund.

Investment boutique RWC, which changed its name from MPC Investors earlier this month, has hired Peters and McLaren from Sofaer Capital.

The duo has been brought in to co-manage the RWC Asia Ascent Fund, which will be launched later in the […]

Bloomberg- A sharp decline in a Fifth Third Bancorp hedge fund investment led to more than $300 million in charge-offs the bank took in the last two quarters, according to a Bloomberg report.
Cincinnati-based Fifth Third had already said that it took a pretax charge of $144 million in the first quarter and a $177 […]