Industry News

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

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News Archive

  • Myriad Increases Stake in Herbalife

    Aug 13, 2014
    Hong Kong-based hedge fund firm Myriad Asset Management is optimistic weight management company Herbalife will do well. The firm increased its stake in Herbalife in the second quarter of this year by 36%, valued at about $4.2 million at the end of June.
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  • Napier Park Completes Citigroup Redemption

    Aug 12, 2014
    Napier Park Global Capital, the hedge fund spun out of Citigroup, announced last month that it has returned all its capital back to the banking giant. The New York-based hedge fund has returned the last of the $2.4 million Citigroup invested in Napier Park. As a result, Citi is no longer an investor in any of Napier Park’s hedge funds. The staggered $2.4 billion redemption schedule began in March 2013 when Napier Park completed its spinout from Citi and became majority owned by its employees.
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  • Ex-Hedge Fund Manager Joins Cantor Fitzgerald

    Aug 12, 2014
    A former hedge fund manager at Sprott Asset Management has joined Cantor Fitzgerald as a managing director as the financial services firm expands its investment banking group.Cantor announced in a statement that David Tomljenovic, who will work out of the Toronto office, will be responsible for helping companies raise capital.
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  • Brevan Howard Posts First Monthly Profit in 2014

    Aug 12, 2014
    While eVestment reported that a slew of hedge funds posted losses in July, Brevan Howard’s flagship fund made its first monthly profit last month. The Brevan Howard Master Fund posted a 0.7% gain in July after six consecutive months of losses. The fund has 40% of its exposure in Europe, 25% in the Americas and 23% in Asia.
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  • Barclays Trading Team Launching Hedge Fund Spinout

    Aug 12, 2014
    The trading team at Barclays is taking 60 employees with them to a hedge fund they are launching. Olivier Durantel, Gregoire Schneider, Antoine Fillet and Maxime Fortin of the British bank’s nQuants unit will form the new firm. The firm, which has not been named, will use algorithms to trade mainly equities and other liquid securities globally.
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  • Hedge Fund Branding Continues to Drive a Majority Of Asset Flows

    Aug 12, 2014
    Since the market correction of 2008, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands. A brand is an investor’s perception of the overall quality of a hedge fund based on multiple evaluation factors that evolve over time. A high-quality brand takes a long time to develop, but once achieved, it significantly enhances a firm’s ability to raise capital and retain assets during a drawdown in performance.
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  • Blackstone Group Wants Retail Investors for New Unit

    Aug 11, 2014
    New York-based Blackstone Group is looking to court wealthy individuals to invest in the firm’s newly-created unit.the Blackstone Total Alternative Solution Advisors wants to pool money from wealthy families and high-net worth individuals for a fund of hedge funds that will invest in Blackstone’s buyout, real estate, credit and hedge funds. The minimum investment amount is $10 million.
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  • Omni Partners Authorized Under AIFMD

    Aug 11, 2014
    Hedge fund firm Omni Partners announced in a statement released last month that it has been authorized under the newly-enacted Alternative Investment Fund Managers Directive.The implementation of the AIFMD, which came into force earlier this week after a one-year grace period, is the first time hedge funds across the European Union will be consistently regulated with the aim of increasing transparency.
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  • Former Ziff Brothers Exec Launches $1.5B Hedge Fund

    Aug 11, 2014
    Ryan Pedlow, a former top executive at Ziff Brothers Investments, has launched one of the largest hedge fund start-ups this year. Pedlow, who invested in financial stocks for ZBI's U.S.-based hedge fund, raised $1.5 billion for New York-based Two Creeks Capital Management for its launch this summer.
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  • Brevan Howard Launches Legal Battle Against Rokos' Plan to Start Rival Firm

    Aug 11, 2014
    Jersey-based Brevan Howard, the largest European hedge fund firm, is in the midst of a legal battle to stop one of its co-founders from launching a rival firm. Brevan claimed in a Jersey court that Christopher Rokos’ trading skills and past access to investors could mean that his launch of his own fund “constitutes a significant and ongoing threat to the legitimate interests of the partnership.”
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  • Richey May Expands Alternative Investment Division

    Aug 11, 2014
    Accounting firm Richey May & Co., which specializes in serving the financial services industries, announced Monday that it has expanded its alternative investment division with the addition of three senior executives.Daniel O’Connor, Stephen Vlasak and Jonathan Sharon have joined Colorado-based Richey May to lead the firm’s investment practice, reflecting its ongoing commitment to provide an outstanding level of service as [its] alternative investment base grows.”
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  • Winton's Equities Fund Reaches $1B AuM

    Aug 10, 2014
    Assets in London-based Winton Capital’s low-cost equities fund surpassed $1 billion for the first time. The Winton Global Equities fund, which returned 29.8% in 2013 and is up 7.5% this year, received several large investments from U.S. pension funds in the last three months.
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  • Tennenbaum Cap Opens SF Office

    Aug 10, 2014
    Alternative investment firm Tennenbaum Capital Partners announced Tuesday the opening of a new office.The Los Angeles-based firm said in a statement that the new San Francisco office “expands Tennenbaum's platform and also adds significant expertise in the energy technology sector.” The office will be headed by head of energy technology Todd Jaquez-Fissor, who is also a managing director at Tennenbaum.
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  • Ex-Temasek Holdings Exec Launching Asia Hedge Fund

    Aug 10, 2014
    Former Temasek Holdings managing director Mathew Welch is launching a hedge fund that will invest in small and mid-cap firms in Asia’s developing markets. The ACA Asia Dorset Fund already received $45 million in commitments and plans to reach $100 million in assets under management within the first year.
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  • Axiom Welcomes New COO

    Aug 10, 2014
    Axiom International Investors announced Thursday that Kurt Polk has joined the asset management firm as chief operating officer and head of distribution. The addition of Polk to Greenwich, Conn.-based Axiom will allow CIO and CEO Andrew Jacobson “to focus on investment performance, strategy and client portfolios.” Polk will be responsible for all non-investment related activities.
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  • NY Hedge Funds Report July Losses

    Aug 10, 2014
    Several other hedge funds posted losses last month as the industry struggles to navigate through the volatile economic market. Bloomberg Businessweek reported that Renaissance Technologies, Third Point and John Paulson & Co. fell 2%, 1.2% and 1.3% in July, respectively.
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  • Citigroup Promotes James Boyle to Equity Derivatives Head

    Aug 07, 2014
    Citigroup has promoted James Boyle to global head of equity derivatives. Boyle, who started at Citi in 2012 as head of derivatives trading in Asia, will remain in Hong Kong until the end of this year and move to New York in the start of 2015 for his new role. He will replace Simon Yates, who left for New York-based hedge fund firm Two Sigma Investment last month.
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  • Ex-Hedge Fund Manager Denied Bid to Leave Early

    Aug 07, 2014
    Convicted hedge fund manager Samuel Israel lost a health bid to leave prison Thursday. U.S. District Judge Colleen McMahon in Manhattan said Thursday that Israel’s claim of inadequate care by the Federal Bureau of Prisons, which led to an alleged "near death experience," was not a legal basis to reduce his sentence.
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  • SF Hedge Fund Managers Sentenced to 14 Months in Prison

    Aug 07, 2014
    A former San Francisco hedge fund manager will be spending 14 months in prison. Lawrence Goldfarb of Baystar Capital II, was sentenced Tuesday in San Francisco by U.S. District Judge William Alsup for bilking investors out of $12 million.
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  • John Arnold Makes $3M Donation to Journalism Organization

    Aug 07, 2014
    Hedge fund manager John Arnold has donated $2.8 million to a non-profit journalism organization. The money will go toward “significantly” expand the Center for Public Integrity’s operations. The funding will also help launch the organization’s new project focused on state campaign.
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  • UBS Exec Joins Credit Suisse

    Aug 07, 2014
    Credit Suisse has hired recruited Shahab Jalinoos from UBS as head of global foreign-exchange strategy. He will start at Zurich-based Credit Suisse in September.
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  • Nomura, Bridge Capital Teams Up

    Aug 06, 2014
    Japan’s Nomura Asset Management announced Wednesday an alliance with incubation firm Bridge Capital Asset Management Co. Under the agreement, Nomura will invest up to 3 billion yen ($29.3 million) in an incubation fund managed by Bridge Capital and will have an option to make an equity investment in the firm.
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  • Alpha Pages Buys FINalternatives

    Aug 06, 2014
    Alternative news outlet FINalternatives has been sold to media company Alpha Pages. FINalternatives reported Wednesday that Alpha Pages purchased the news provider from founder Deirdre Brennan for an undisclosed amount. Following the acquisition, Brennan will continue to run the publication.
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  • HF Incubator Quad Advisors Signs Two Firms

    Aug 06, 2014
    Hedge fund incubator and accelerator Quad Advisors announced that it has signed two emerging hedge funds as its first resident firms.Quad said in a statement released Wednesday that Go Capital Partners is one of the firms to join; the name of the second firm was not disclosed.
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  • Gerber Taylor Raises $19M for Newest Fund

    Aug 06, 2014
    Fund of hedge funds manager Gerber Taylor Management has raised $19 million for its latest fund.Opalesque reported that Memphis-based Gerber Taylor’s Palladian Partners VIII is looking to raise a total of $250 million.
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eVestment’s 2015 Hedge Fund Industry Outlook

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