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

  • eVestment Introduces QuantumSM Analytics

    Feb 11, 2014
    eVestment announced Tuesday that it has launched QuantumSM Analytics to its suite of existing data and analytics offerings.The web-based solution, which offers expanded style analysis, multi-asset class portfolio analysis, liquidity analysis, optimization, and portfolio-level construction and modeling using advanced quantitative techniques, is the latest offering to come out of eVestment's line of products designed to assist clients in analyzing and reporting on traditional and alternative investment strategies.
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  • Investcorp Principal Joins Fenician Cap

    Feb 11, 2014
    Andrew Crane, the principal at alternative manager Investcorp has left to join London-based hedge fund firm Fenician Capital, where he will be its new chief executive. His primary goal at Fenician is to increase the firm's assets under management--which currently stands at just below $100 million-- through a new marketing strategy.
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  • DE Shaw Senior Exec to Retire

    Feb 10, 2014
    Jeff Myers, the head of D.E. Shaw’s energy trading strategy is retiring after 12 years at the firm following one of the energy funds’ huge loss in 2013. Myers, who is in charge of developing D.E. Shaw’s investment views on energy markets, announced his departure last month and will remain with the firm until the end of Match to assist with the transition.
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  • HFs Outperform Stock Market in January

    Feb 10, 2014
    Despite the slumping stock market in January, hedge funds--including Citadel, Pine River Capital and Pershing Square Capital-- ended the month with strong gains.While the first month may not be a strong indicator of how the rest of the year would perform, the article added that hedge fund industry analysts are optimistic that January’s performance may help revive the industry after investors pulled out billions in December.
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  • Ex-Goldman Exec Launching Asia-Focused Hedge Fund

    Feb 10, 2014
    The former co-head of Goldman Sachs’ macro trading team in Asia-Pacific is planning to launch a Hong Kong-based hedge fund. Leland Lim, who retired from Goldman last month after 17 years with the New York-based bank, wants to launch the firm around the middle of the year. The firm will trade mostly currency and interest-rate instruments in Asia.
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  • Citadel Hires Goldman Sachs Execs

    Feb 10, 2014
    A pair of Goldman Sachs managing directors is joining Chicago-based hedge fund firm Citadel’s fixed-income division. Uberto Palomba will work out of Citadel's London office, while Jonathan Tipermas will be based in New York.
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  • Canadian Pension Board Launching Internal HF

    Feb 10, 2014
    Canada Pension Plan Investment Board is launching an internal hedge fund in its London office. The pension board has hired hedge fund management veteran Durek Carrasquillo from London-based Tranberg Capital Management to run the new division. Alain Carrier, head of Europe for CPPIB, said that CPPIB is planning to hire a team of “four to five professionals” that would build a long/short portfolio targeted at Europe, the Middle East and Africa.
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  • Capri Capital Launching India Hedge Fund

    Feb 09, 2014
    Capri Capital Partners is planning to launch its first India-focused real estate fund. The fund will focus on investing in affordable housing projects throughout the country, although Capital chairman and CEO Quintin Primo III told the news outlet that the firm is “working on the right investment strategy.”
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  • eVestment Releases January HF Performance Report

    Feb 09, 2014
    Data from eVestment's January 2014 Hedge Fund Performance report concluded that hedge funds fell an average of -0.56% last month. Despite the decline, volatility strategies—which performed poorly last year—returned 1.61% in January.
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  • eVestment, Casey Quirk Releases 8th Investor Survey

    Feb 09, 2014
    A new survey from investment database and technology solutions firm eVestment and management consultancy firm Casey Quirk predicted that there will be major restructuring in the fixed-income sector this year.
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  • SAC Capital's Martoma Faces Up to 20 Years in Prison

    Feb 09, 2014
    Mathew Martoma, the former SAC Capital Advisors portfolio manager who was convicted of insider trading last week, could face up to 20 years in prison. Martoma's conviction of two count of securities fraud carries a maximum 20-year term, and one count of conspiracy has a maximum five-year term. His sentencing is scheduled for June 10.
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  • NY Law Firm Hires Hedge Fund Expert

    Feb 09, 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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  • Carrhae Capital Launching New Hedge Fund

    Feb 06, 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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  • Custom House Expands U.S. Presence

    Feb 06, 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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  • Mathew Martoma Convicted of Insider Trading

    Feb 06, 2014
    Former SAC Capital Advisors portfolio manager Mathew Martoma has been convicted of insider trading Thursday. Martoma, who is the eighth person who once worked at Steve Cohen’s SAC Capital to either be convicted or plead guilty to insider trading, is expected to face a prison term of seven to ten years.
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  • Weavering Founder Pleas Not Guilty

    Feb 06, 2014
    London hedge fund manager Michael Peterson has pleaded not guilty to 16 criminal counts of fraud, false accounting and forgery.Peterson, the founder of the now-defunct Weavering Capital, entered his not guilty pleas on Wednesday at Southwark Crown Court. His trial is scheduled for 2015.
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  • Ex-Trader Hired by Citi

    Feb 06, 2014
    Benga Sofoluwe, a former trader at EQI Asset Management is leaving the London-based hedge fund firm to run Citi’s equity finance desk in Hong Kong. Sofoluwe, who was a trader in equity finance and delta one trading at EQI, previously worked at Deutsche Bank as head of European securities lending.
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  • Think Investments Raises $270M Toward Funds

    Feb 05, 2014
    Hedge fund manager Think Investments has raised more than $270 million toward two funds. Bloomberg reported that New Jersey-based Think secured $148.4 million for one of the funds, and $121.9 million for its offshore fund. The names of the investors were not disclosed.
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  • Millennium Hires Commodities Portfolio Manager

    Feb 05, 2014
    Hedge fund manager Jennifer Fan is now working at Millennium Management as a portfolio manager after shutting down her own hedge fund last year. Fan closed down New York-based commodities hedge fund firm Arbalet Capital in late 2013 in response to its assets dropping to below $200 million after disappointing returns led to significant investor redemptions.
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  • Alternative Investment Group Makes Promotions

    Feb 05, 2014
    Connecticut-based Alternative Investment Group announced Tuesday that it has promoted Maria Tapia and Marita Wein to managing members of the Alternative Investment Group LLC, which is the general partner of the firm’s onshore funds, and managing partners of Alternative Investment Group Services, the management company of the firm’s funds.
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  • DE Shaw's Energy Head is Retiring

    Feb 05, 2014
    Jeff Myers, the head of D.E. Shaw’s energy trading strategy is retiring after 12 years at the firm following one of the energy funds’ huge loss in 2013. Myers, who is in charge of developing D.E. Shaw’s investment views on energy markets, announced his departure last month and will remain with the firm until the end of Match to assist with the transition.
    Read More >
  • Nomura Adds Former BAML Exec

    Feb 05, 2014
    Japanese brokerage firm Nomura Holdings has hired Mike Ward, the former head of European equity sales at Bank of America Merrill Lynch.Chris Fleming, the head of global markets sales for Europe, the Middle East and Africa, said in an emailed statement to Financial News that Ward’s “deep relationships with institutional investors, hedge funds and banks” will help Nomura “make further inroads in building [the firm’s] client franchise across EMEA.”
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  • Five Employees Depart Hong Kong HF

    Feb 04, 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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  • Arden Asset Offers Hedge Funds to Retail Clients

    Feb 04, 2014
    Arden Asset Management is launching its second fund aimed to give retail investors access to hedge funds.Through the new offering, investors will be able to gain access to hedge fund industry giants such as D.E. Shaw Investment Management, CQS and nine other firms.
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  • 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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