Monthly Archives: June 2008
Sands Brothers starts asset-backed lending fund
Greenwich Time – A Greenwich-based investment management and advisory firm has launched a new hedge fund geared toward lending capital to underserved and niche businesses. Sands Brothers Asset Management, with offices on Valley Drive in Greenwich, recently unveiled their Genesis […]
Value Partners Says Smaller Hedge Funds Risk Being Taken Over
Bloomberg – Value Partners Group Ltd., Asia’s second-largest hedge fund manager by assets, said worsening returns in the industry may lead to bigger firms taking over smaller rivals. “I think the industry may go through certain consolidation,” said Chief Executive […]
Taiwan: Hedge funds are welcome
BusinessWeek- Lee Shyan-Yuan, one of several commissioners at Taiwan’s Financial Supervisory Commission (FSC), believes attracting hedge funds to the market would be a smart move. He is courting hedge funds to invest in Taiwan and raise money from investors in […]
RockPort closes $450m cleantech fund
Altassets – Cleantech-focused venture capital firm RockPort Capital Partners has closed its third fund, RockPort Capital Partners III, on over $450m, the hard cap of the fund. It had an initial target of $400m and held a first closing just […]
Ex-Morgan Stanley Japan experts launch hedge fund
Asian Investor – The Shaka Japan fund has been launched in New York by hedge fund manager Shaka Capital Management. It is a new start-up, launched in January of this year with partners’ capital, and has an estimated capacity of […]
Larch Lane and AIG Create Hedge Fund Seeding Deal
West Palm Beach (HedgeCo.Net)- Hedge Fund Investor AIG and Advisor Larch Lane have announced the formation of a joint venture to make seed investments in hedge funds. The joint venture seeks to capitalize on synergies between AIG Investments’ global alternative […]
Drake to shut down two remaining hedge funds
New York (HedgeCo.Net) – Drake Management will shut down its two remaining hedge funds one month after winding down the $2.5 billion Global Opportunities Fund. The $1.4 billion Absolute Return Fund and the $160 million Low Volatility Fund will follow […]
Harcourt launches Belmont (Lux) Global Emerging Markets
Zurich – Harcourt Investment Consulting AG (Harcourt) is pleased to announce the launch of Belmont (Lux) Global Emerging Markets, a multi-strategy fund of hedge funds dedicated to harnessing the unique opportunities presented by hedge funds focussed on emerging markets. Through […]
Investor sues SageCrest for $5M
The Advocate – A Greenwich hedge fund has become ensnared in a legal dispute with one of its investors after refusing to allow the firm to withdraw the $5 million originally invested in the fund. SageCrest LLC, a Greenwich hedge […]
AIG Investments reaches hedge fund investment pact
Reuters – American International Group Inc’s asset management division has reached a joint venture agreement with Larch Lane to make seed funding investments in hedge funds. The AIG Investments and Larch Lane venture expects to invest between $50 million and […]
Investors File Claims Against Bear Stearns
The Wall Street Journal – A group of four law firms has filed additional investor arbitration claims against Bear Stearns Cos. and a fund manager alleging the firm was less than candid with investors in one of its hedge funds. […]