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

  • 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.”
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.”
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >
  • 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.
    Read More >

Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More