Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

  • Goldman Sachs Trader Departs for Tudor

    Feb 04, 2014
    The head of EuroGoverment bond trading at Goldman Sachs has reportedly left the investment bank to join Paul Tudor Jones’ Tudor Investment Corporation. The move has not been confirmed by Goldman or Tudor.
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  • Ex-Deutsche Bank Trader Launching Hedge Fund

    Feb 04, 2014
    Former Deutsche Bank trader Troy Dixon is estimating that his first hedge fund will launch with $200 million in capital in July through New York-based Hollis Park Partners. The fund will focus on “trading the entire suite of products within the structured mortgage finance space.”
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  • SRZ Adds Hedge Fund Lawyer

    Feb 04, 2014
    Law firm Schulte Roth & Zabel has welcomed Steven Whittaker, who will be based out of its London office, as a partner. He will be responsible for advising hedge fund managers, focusing on the structuring, formation and operation of funds. In addition, he will provide counsel to funds and managers on regulatory issues and transactional matters.
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  • Third Point Dropped by Rhode Island

    Feb 03, 2014
    Rhode Island’s State Investment Commission has voted to terminate its investment in New York-based hedge fund firm Third Point following pressure from the nation teachers’ union.Gina Raimondo, the state’s treasurer, said that the decision to drop Dan Loeb’s firm was not political but to reduce risk.
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  • London Firm Launching Property Lending Fund

    Feb 03, 2014
    Hedge fund firm Omni Partners is launching its first property lending fund.The new fund from the London-based firm will focus on commercial and residential property loans with a loan-to-value ratio of up to 70% with a maximum duration of 18 months.
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  • Steve Cohen to Rename SAC Capital

    Feb 03, 2014
    Hedge fund manager Steve Cohen will rename SAC Capital Advisors as the firm is transitioning into a family office as part of an insider trading settlement with the U.S. government. The Connecticut-based firm is also planning to add three trading units as part of the restructuring, which is expected to take place in mid-March.
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  • New York Hedge Fund Shutting Down

    Feb 03, 2014
    New York-based hedge fund firm Exis Capital is shutting its doors following disappointing performance last year. It was not disclosed why Exis Capital founder Adam Sender is closing the hedge fund nor his plans after the firm’s closure.
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  • Mariner Hires HF Vets to Run Healthcare Long/Short Fund

    Feb 03, 2014
    New York-based Mariner Investment Group announced Monday that it has hired a pair of hedge fund veterans to run its global healthcare long/short equity portfolio through its multi-strategy platform. Robert Hodgson and Michael Oberdorf, who were both formerly founding partners and portfolio managers at Lenus Capital Partners where they managed a long/short equity healthcare fund, is the fifth addition to the Mariner Incubation Platform.
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  • Hedge Fund Organization Honors Marathon Asset's Bruce Richards

    Feb 02, 2014
    Hedge fund-back charitable organization, Help for Children, will be honoring Marathon Asset Management’s Brice Richards at its 16th annual New York Open Your Heart to the Children Benefit.Richards, the managing director and CEO of New York-based Marathon, will receive HFC’s “Award for Caring” at the gala on March 6 for his commitment to philanthropy. Some of the organizations Richards has supported include Safe at Home, Earth Day Network, UJA, the Birds Nest Foundation and the R Baby Foundation.
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  • Canosa Capital to Reach $1B AuM

    Feb 02, 2014
    London-based hedge fund firm Canosa Capital is set to surpass $1 billion in assets under management this year. The firm, which currently manages approximately $635 million, is expecting to receive another $115 million by February 3 and at least another $250 million by April.
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  • Joho Capital Shutting Down

    Feb 02, 2014
    Joho Capital told clients it is closing shop after 18 years in business.The New York-based hedge fund firm, which will return money back to investors by the end of March, will transition into a family office where it will solely focus on managing the personal wealth of founder Bob Karr.
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  • Nine SAC Employees Join Moore Capital

    Feb 02, 2014
    A nine-member team at the now-defunct London office of SAC Capital Advisors has joined hedge fund giant Moore Capital Management. Louis Bacon's Moore Capital, which has offices in London and New York, has hired portfolio managers Israa Al Bayaa, Nicholas Aldridge, Arjun Menon, Alexi Papaconstantinou, Bramen Singanayagam, Martin Stapleton and Louis Villa. They are joined by analysts Atallah Estephan and Rahil Kuchiera.
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  • Boston Firm Opens Chinese Office

    Feb 02, 2014
    Boston-based financial services firm State Street is expanding to China as part of its broader effort to bolster its footprint in the country. The new office in Shanghai will provide alternative investment servicing solutions to support State Street’s strategic hedge fund clients as they expand their business in China.
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  • David Harding's Winton Expands US Presence

    Jan 30, 2014
    European hedge fund giant Winton Capital is planning to open a U.S. office in the summer. The new office, which will be based in New York, will initially only house a handful of marketing staff, is also part of Winton’s broader global expansion plan to launch locations in Japan and Australia.
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  • Rhode Island Divests from Third Point

    Jan 30, 2014
    Rhode Island’s State Investment Commission has voted to terminate its investment in New York-based hedge fund firm Third Point following pressure from the nation teachers’ union.Gina Raimondo, the state’s treasurer, said that the decision to drop Dan Loeb’s firm was not political but to reduce risk.
    Read More >
  • Hedge Fund Manager Sues to Stop SEC Hearing

    Jan 30, 2014
    A Houston hedge fund manager whom the Securities and Exchange Commission claimed deceived investors by steering higher fees to brokerage firm John Thomas Financial has filed a case to dismiss the hearing by the agency. George Jarkesy Jr., who could potentially be fined $100 million and barred for life from the securities industry, said in the filing that the SEC proceeding will violate his rights to due process and equal protection under the U.S. Constitution if it were to move forward.
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  • Scout Capital Closes Doors

    Jan 30, 2014
    Scout Capital Management is shutting down after launching more than 15 years ago because its co-founders Adam Weiss and James Crichton have conflicting views on management style. The New York-based hedge fund firm plans to return 95% of clients’ money around April 1.
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  • Segantii Capital Loses Several Key Employees

    Jan 30, 2014
    Segantii Capital Management, one of Asia’s fastest growing hedge funds, has recently been hit by a number of resignations following two consecutive years of underperformance. Departures include capital markets and event-driven portfolio manager Fei Chen, who left Segantii earlier this month after nearly five years and head of financing Kirtes Bharti.
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  • EX-SAC Capital Manager Launching Hedge Fund

    Jan 29, 2014
    SAC Capital Advisors money manager Vishal Ghiya has resigned from his position to start his own hedge fund firm.Ghiya, who worked at SAC affiliate Sigma Capital Management, told management last week of his plans to launch his own firm. Additional information was not disclosed.
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  • PIMCO Adds Deputy CIOs, Announces Departures

    Jan 29, 2014
    PIMCO announced the appointments of four new deputy chief investment officers since its current CEO and co-chief investment officer Mohamed A. El-Erian announced his resignation last week. The four join current PIMCO managing directors Dan Ivascyn and Andrew Balls, who were named deputy chief investment officers last week.
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  • Custom House Opens SF Office, Hires Commercial Director

    Jan 29, 2014
    Alternative investment service provider Custom House Global Fund Services is broadening its expansion in the U.S. with the opening of a San Francisco office.The firm also hired financial services veteran Gary Smith to head the new office as a commercial director.
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  • Blackstone-Backed Firm Launching New Long-Only Fund

    Jan 29, 2014
    Emerging markets hedge fund firm Carrhae Capital has raised $125 million for a new long-only fund.The opening of the new fund, which will launch next month, was prompted by investor demand after the London-based firm “substantially” outperformed the emerging markets benchmark in the two years since its inception.
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  • Former Moore Capital Trader Rifat Charged by FCA

    Jan 29, 2014
    U.K.’s Financial Conduct Authority has charged former Moore Capital Management execution trader Julian Rifat on Wednesday with eight counts of insider trading. Rifat, who was arrested in Oxford in 2010, did not enter a plea but has previously denied any wrongdoing.
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  • Brevan Howard Admits Poor 2013 Performance

    Jan 28, 2014
    Jersey-based Brevan Howard Capital Management has apologized to investors for the hedge fund’s poor performance last year. Brevan co-founder Alan Howard called the firm’s 2.6% return in 2013 “disappointing” in his year-end letter and added that the hedge fund is “determined to deliver a more satisfactory outcome for 2014.”
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  • Paul Singer Blasts Bitcoin

    Jan 28, 2014
    Hedge fund guru Paul Singer is not a fan of virtual currency Bitcoin. He told investors in a letter that he was shocked at how popular Bitcoin has become and professed his skepticism of the currency’s long-term prospects.
    Read More >

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