Top Story
GLG buys Soc Gen's UK asset management wing
Société Générale Asset Management’s UK operations are to be bought for cash by alternative asset manger GLG Partners, it was announced today.
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18 December
NIR Group opens fund to new investors
NIR Group has opened Cortan Commodity Partners to outside investment, according to a press release.
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18 December
Morgan's prime broker AUM slips in Q4
Morgan Stanley continues to suffer in difficult market conditions, with worse-than-expected fourth quarter figures adding to the current gloom surrounding the financial markets.
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17 December
Research indicates lack of impact of short selling restrictions globally
Academic research shows no strong evidence that the emergency short selling restrictions imposed in various markets around the world have changed the behaviour of stock returns.
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17 December
Goldman PB operation an exception in Q3 results drop
Goldman Sachs’s prime brokerage has recorded increased profits during the fourth quarter of 2008, with the department’s changing business model helping it counter the effects of the harsh economic climate, but the firm's asset management arm failed to avoid the general industry decline.
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16 December
Tremont Group Holdings invested half its assets with Madoff
Tremont Group Holdings had $3.3bn, or more than half its total assets, invested with Bernard Madoff.
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15 December
IGS and Grisons Peak announce merchant banking joint-venture
IGS Group, an alternative assets advisory firm, and Grisons Peak, the financial services investment bank, today announced the launch of Alternative Investment Merchant Banking (AIMB), a 50/50 joint-venture between the two London-based firms
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12 December
MAXAM Capital Management’s Absolute Return Fund had exposure to Madoff
MAXAM Capital Management, the $1.8bn Connecticut-based fund of hedge fund (FoHF) manager, had exposure to the “Ponzi scheme” allegedly perpetrated by Wall Street legend, Bernard Madoff.
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12 December
MAXAM Capital Management’s Absolute Return Fund had exposure to Madoff
MAXAM Capital Management, the $1.8bn Connecticut-based fund of hedge fund (FoHF) manager, had exposure to the “Ponzi scheme” allegedly perpetrated by Wall Street legend, Bernard Madoff.
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12 December
Hedge fund assets drop 5% in six months
HFMWeek survey shows the damage done by faltering performance and redemptions
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12 December
Emerging markets drop 29%
Emerging markets have failed to evade the industry-wide decline, with the HFRI Emerging Markets (Total) recording a 29% drop in the four-month period ending 31 October,
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11 December
Fortis closes two more hedge funds
Poor performance sees Benelux bank all but disappear from hedge fund space
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11 December
Ex-Soros manager to launch global macro fund
Joshua Berkowitz assembles new team to launch Woodbine Capital Advisors in January
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11 December
Jabre to take advantage of con arb opportunities
Jabre Capital is raising assets through a new share class to take advantage of opportunities thrown up by the convertibles market.
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11 December
Satellite to refocus its investment remit
Satellite Asset Management, the nearly $4bn hedge fund manager formed by veterans of Soros Fund Management, is refocusing its investment remit on credit, distressed and risk arbitrage strategies so the firm can return to its core competencies
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11 December
Mass PRIM launches FoHF consultant search
The Massachusetts state pension fund is on the look out for general and FoHF-specific advice
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11 December
Integrated Asset Management loses CIO
Emanuel Arbib chief executive of AIM-listed fund of hedge funds (FoHF) Integrated Asset Management has waived options granted to him.
US hedge funds flock to China
China’s growing presence on the world stage has some major US hedge funds and industry groups heading to the Far East to capitalise on what is expected to be an Olympian investment opportunity. By Elise Coroneos.
11 June
HFMWeek asset administration survey
Frozen credit markets, Bear Stearns' collapse, multi-billion dollar rescues -- seemingly nothing can stop the hedge fund industry. Part one of HFMWeek's 10th biannual assets under administration survey. By Kapila Gohel.
Once bitten, twice shy
Will Nick Maounis, former head of infamous blow-up Amaranth Advisors, be able to attract investment to his new venture, or is a second chance too much to ask of today’s cautious investor? By Elise Coroneos.
Investing well, and good
Socially responsible investing has been on the periphery for some time, but as investors get keener on being greener, funds with a conscience are gaining in popularity among investors. By M. Corey Goldman
