Kovshov to launch Discovery Capital spin-out

Monolit Capital to be backed by Discovery founder Rob Citrone

Windmills in the Netherlands

Dutch pension rules could signal boost for hedge funds

New act to allow shared management of pension assets and pave way for greater hedge fund investment

News round-up: Pershing Square YTD gains wiped out

Investors pile back into Argentinian debt; Law firm defends use of charities to help hedge funds cut tax bills

Texan firm Cloverdale to open offshore feeder

$100m hedge fund firm aims to broaden investor base as it nears one-year anniversary

Blackstone senior MD joins Angelo, Gordon as head of credit

Joshua Baumgarten be oversee US and European distressed and leveraged loan strats

Cheyne Capital partner departs after two months

Robert Gagliardi left London manager last week

18% YTD gains nearly wiped out at HK-based Quam

China fund loses more than -15% MTD

Ex-Sentinal head trader ordered to pay $2m for misuse of customer funds

Civil penalties follow eight-year jail sentence over 2007 collapse of Illinois cash management firm

SS&C closes in on top admin spot after Citi acquisition

Combined AuA set to surpass $800bn

Texas pension makes $50m credit fund outlay

County & District scheme allocates to Davidson Kempner

Credit specialist launches hedge fund-backed investment firm

Karan Chadha launched Farlap Capital in June with £12m restaurant loan

News round-up: Odey’s main fund up 9% on China rout

Event-driven funds assess Shell/BG opportunities; and more…

Balyasny makes first move into liquid alts

Chicago-based firm to make Ucits debut with a $300m – $400m fund launch

Caution but little panic as some funds profit from sell-off

A number of global macro funds and CTAs are up significantly following market falls

Maverick Capital mulls systematic l/s equity launch

Fundamental quant strategy has been running internally since January

Adamas poaches ABN private bank head of alternatives

Marc de Kloe to develop relationships with European firms

Tech chief Richard Webb joins Chris Rokos launch

Former Comac Capital head appointed in June

Guard Capital fund approaches $1bn mark

Hong Kong-headquartered fund makes rapid progress since $50m launch last year