News

$3bn Californian pension boosts hedge fund target by 1%

Samcera scheme adds to hedge funds and to alternative credit respectively


Regional futures industry associations announce merger

FIA, FIA Europe and FIA Asia to formally combine forces after global affiliation

Hartford, Connecticut

Kovshov to launch Discovery Capital spin-out

Monolit Capital to be backed by Discovery founder Rob Citrone



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