Yearly Archives: 2010
Tennenbaum Capital Said to Raise Money for Distressed-Debt Fund
BusinessWeek – Tennenbaum Capital Partners LLC, an investment firm founded by Michael Tennenbaum, is seeking about $1 billion to buy distressed debt after starting a bankruptcy- loan fund, said two people with knowledge of the plans. The company expects to […]
Standard Life enters hedge fund arena with Aida buy
Reuters – British insurer Standard Life’s (SL.L) fund arm has made its first foray into hedge funds with the acquisition of London-based Aida Capital, as clients begin to return to the industry in the wake of the credit crisis. Standard […]
Morgan Stanley’s Hedge Fund Division Raises $370 Million For Private Equity Funds
New York (HedgeCo.net) – Morgan Stanley Alternative Investment Partners (AIP) raised $370 million in commitments for Morgan Stanley AIP Phoenix Global Real Estate Secondaries 2009 LP (Phoenix), a fund dedicated to acquiring secondary interests in opportunistic and value-added private equity […]
More hedge fund managers to join family offices
FierceFinance – Is this the ultimate financial status symbol: Your very own hedge fund manager? Not that you’ll be able to push them around. C’mon son. Let’s get in there and long the ABX. The market’s gonna recover. Right? Don’t […]
Hedge fund industry players clash over use of Ucits III
Fund Strategy – The Ucits III structure is increasingly being used by the hedge fund industry to bring their funds to a wider retail investor-base. Those in favour of a broader audience for hedge funds suggest that they have a […]
Citigroup Said to Grow Hedge Consulting Team
NYT – Citigroup’s head of global prime finance told Bloomberg News that the bank intends to double the size of a team helping pension and government-backed funds manage direct hedge fund investments. Nick Roe said the growth of the consulting […]
PSource plans China infrastructure fund
Reuters – Fund firm PSource Capital plans to set up a fund investing in Chinese infrastructure and seeded with hundreds of millions of dollars from a Chinese investor as funds increasingly look East for new investment opportunities. PSource chief executive […]
Fate of Volcker Rule May Hinge on Dodd’s ‘Shall’ Becoming ‘May’
BusinessWeek – The fate of the Volcker rule, which would ban proprietary trading at U.S. banks, may hinge on the word “shall.” Lobbyists for financial firms are seeking to water down language in Section 619 of the 1,336-page bill proposed […]
Fund Of Hedge Funds ALTIN Completes $11 Million Buyback
New York (HedgeCo.net) – Swiss $280m fund of hedge funds, ALTIN AG, has completed its buyback program of up 10% of shares. ALTIN repurchased 248,279 of its shares for a total of CHF 12.7 million ($11.95 million) corresponding to 5% […]
Pension to Appeal Dismissal of Lawsuit Against Amaranth
New York (HedgeCo.net) – On Thursday, a Federal Judge dismissed a $150 million lawsuit brought by the San Diego County Employees Retirement Association (SDCERA) against Amaranth Investors on the basis of the fact that, like all investors, the county had signed […]
Smart Energy’s Lang Is Betting Against Hedge Funds
BusinessWeek – The top-ranked investor in renewable energy last year is betting hedge funds are wrong. Thiemo Lang, manager of the 500 million euro ($681 million) SAM Smart Energy Fund, is buying stocks that most investors are selling, such as […]
Family offices may poach hedge fund staff
Reuters – Families so rich they employ their own investment managers are set to increase their recruiting from an untapped pool of talent: hedge funds. And in the wake of the financial crisis, more hedge funders may be open to […]