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 Institutional Investor Profile: Bernd Kreuter, Head of Alternatives, Feri Institutional Advisors
23/07/2008. Bernd Kreuter on hedge fund indices, on portfolio construction, on the rise of the emerging markets, on the appeal of niche strategies and on the dangers of over-crowding.
Société Générale appoints Grégoire Déchy as head of hedge fund relations for Asia Pacific
23/07/2008. European financial house Société Générale Corporate & Investment Banking has appointed Grégoire Déchy as head of hedge fund relations for Asia Pacific. In his new role, Déchy will be responsible for developing new and existing hedge fund relationships in the region.
Stenham, Liongate receive £40m commitment from pension plan
23/07/2008. The Newsquest Pension Scheme has committed £40m to two hedge funds. Newsquest has invested £25m in diversified multi-strategy fund of hedge funds Stenham Universal Fund and £15m in Liongate Capital Management's Multi-Strategy Fund.
Silver Creek Capital Management hires Frances Orabona
22/07/2008. Seattle-based funds of hedge funds manager Silver Creek Capital Management, has appointed Frances Orabona as director of investor relations. Based in New York, Orabona will be responsible for developing and implementing client service strategies, managing investment communications and providing client service for the firm’s global investors.
Ramin Habibi joins board of Danfonds Frontier Markets fund
21/07/2008. Copenhagen-based frontier specialist Danfonds has appointed Ramin Habibi to the board of Danfonds Frontier Markets fund as an independent director.
Highland Capital to open Singapore office, hires three managing directors for US team
17/07/2008. US-based alternative investment management firm Highland Capital is to open a Singapore office, to be headed by managing director Paul Adkins, who will relocate from Highland's Dallas branch.
Northern Trust to provide fund administration services to investment company BH Global
17/07/2008. Investment management firm Northern Trust has been selected to provide fund administration services to $1bn Guernsey-incorporated closed-ended investment company BH Global, a newly established feeder fund investing in the Brevan Howard Global Opportunities Master Fund.
Credit Suisse appoints Erin Callan as head of its global hedge fund business
16/07/2008. Credit Suisse has appointed Erin Callan as a managing director and head of its global hedge fund business. In this newly created position, Callan will join the investment bank's management and global client steering committees.
Hedge Funds 2008
15/07/2008. Assets under management of the global hedge fund industry increased 30 per cent in 2007 to a record $2.25bn, according to the 2008 edition of IFSL’s Hedge Funds report. Most of this growth was in the first three quarters, as market turbulence in the latter part of the year resulted in a slowdown in inflow of new funds and a decline in average returns.
FRM hires Dr Au King-lun to head Hong Kong fund of hedge funds business
14/07/2008. Fund of hedge funds manager Financial Risk Management has appointed Dr Au King-lun as CEO of FRM Hong Kong. In addition to heading FRM's newly-opened Hong Kong office, Dr Au will lead the firm's business efforts in Asia ex-Japan and Korea.
GLG hires Karim Abdel-Motaal, Bart Turtelboom to manage emerging markets funds
11/07/2008. Alternative asset manager GLG Partners has appointed Karim Abdel-Motaal and Bart Turtelboom as co-heads of the firm's Emerging Markets Fund, Emerging Currency and Fixed Income Fund and Emerging Equity Fund.
Sir Ronald Cohen backs MBO of International Asset Management from Fortis
09/07/2008. Apax Partners co-founder Sir Ronald Cohen, together with financial services firm Jefferies Group, has backed the MBO of fund of hedge funds manager International Asset Management from Fortis Investments. The deal follows the merger of Fortis and ABN AMRO Asset Management on 1 April 2008.
The hedge fund best practice standards: The investor perspective
09/07/2008. The hedge fund investor community is strongly in favour of industry standards proposed by the Hedge Fund Working Group, according to a survey by KPMG of UK institutional investors, funds of hedge funds and investment consultants. When making investment allocations, eight out of ten pension funds said they would favour a hedge fund manager who had complied with the hedge fund best practice standards.
Goldman Sachs partner Driss Ben-Brahim joins GLG Partners
08/07/2008. Alternative asset manager GLG Partners has appointed Driss Ben-Brahim. His task will be to develop a special situations platform which will include the firm's existing $1.2bn emerging markets special situations business.
Laxey Partners acquires logistics business TDG for £203m
08/07/2008. Laxey Partners has agreed to acquire the remaining shares in European supply chain management and logistics service providers TDG for approximately £203m.
AXA Framlington transfers six funds to newly formed Architas
07/07/2008. Hedge fund manager AXA Framlington has transferred the firm's six AXA Framlington Multimanager funds to newly formed hedge fund manager Architas Multi-Manager. As part of the deal, Caspar Rock has been appointed as deputy CIO of Architas. Rock will continue to manage the funds which he has been running since June 2006.
Ermitage launches new fund of hedge funds
07/07/2008. European alternative asset management firm Ermitage Group has launched a new niche fund of hedge funds, the Ermitage Directional Fund, with an initial investment of $45m.
Mitsubishi invests $39m for a 19.5 per cent stake in Aladdin Capital
07/07/2008. Stamford, Connecticut-headquartered alternative investment management firm Aladdin Capital Holdings has entered into a strategic partnership with Japanese corporation Mitsubishi Corporation. Mitsubishi will become the second largest shareholder of Aladdin by investing $39m for a 19.5 per cent stake in the firm.
Nomura Asset Management U.S.A. launches new hedge fund Nomura Global Alpha
04/07/2008. Nomura Asset Management U.S.A. has launched Nomura Global Alpha, a New York-based venture focused on managing alpha-oriented fixed income products and solutions for both institutional and retail investors.
Northern Trust wins $1bn asset servicing mandate for Auda funds of hedge funds
04/07/2008. New York-based fund manager Auda Hedge has asked Northern Trust to provide fund administration, custody, banking and foreign exchange services to its fund of hedge funds programme.
Duff Capital Advisors acquires North Sound Capital
03/07/2008. Institutional investment management firm Duff Capital Advisors has acquired hedge fund North Sound Capital. As part of the deal, DCA will direct a significant, long-term investment to the North Sound strategy. Terms of the agreement were not disclosed.
 Institutional Investor Profile: Christopher Peel and Madilean Coen, Founding Partners, Blacksquare Capital LLP
02/07/2008. Christopher Peel and Madilean Coen on Blacksquare Capital's focus on sector-specific funds of funds, transparency and being open with investors, global diversification and on the importance of putting in place and executing a clearly defined investment strategy.
Hedge Fund Standards Board appoints Antonio Borges as chairman
26/06/2008. The Hedge Fund Standards Board has appointed Antonio Borges, a former vice chairman of Goldman Sachs and dean of INSEAD, as its first permanent chairman.
 Institutional Investor Profile: Rian Akey, Vice President, COO, Cole Partners Asset Management
25/06/2008. Rian Akey on the advantages of a niche investment strategy, on emerging managers, on peer-group analysis, on liquidity and on the volatile nature of the commodities space.
Danfonds to launch hybrid hedge fund, private equity vehicle for frontier markets
24/06/2008. Copenhagen-based frontier market specialist Danfonds has incorporated a Cayman-based segregated portfolio company as the vehicle for two funds that it intends to market to Scandinavian institutions.
GLG Partners hires Fabrice Bay as portfolio manager
23/06/2008. GLG Partners has appointed Fabrice Bay as a portfolio manager in the firm's London office. Bay will lead the Consumer Fund team and he will also co-manage the Capital Appreciation Fund alongside Ben Funnel.
 Institutional Investor Profile: John Angell, Regional Head, London, RMF Investment Management
17/06/2008. John Angell on strategic hedge fund selection, on due diligence, on seeking new alternatives, on distressed credit opportunities and on the growing profile of the hedge fund industry.
Blacksquare Capital hires Richard Sherwin as director, portfolio manager
16/06/2008. London-based alternative asset management firm Blacksquare Capital has appointed Richard Sherwin as director and portfolio manager.
Ermitage launches Clean Resources Fund
12/06/2008. European alternative asset management Ermitage Group has launched a new fund of hedge funds, the Clean Resources Fund, with an initial $20m investment. The fund will act as a sister fund to Ermitage's established Resources Fund, targeting opportunities within alternative energy, including resource and energy efficiency, energy technology, clean power generation, greenhouse gas management, water and waste management.
Blacksquare Capital Commodity Fund of Funds launches
11/06/2008. London-based alternative asset management firm Blacksquare Capital has launched the Blacksquare Capital Commodity Fund of Funds, a concentrated long/short multi-manager investment product.
Alternative routes to hedge fund return replication
10/06/2008. Although institutions are still pouring more and more money into hedge funds, hedge fund performance is clearly deteriorating. In part, this reflects lower interest rates and a global decline in risk premiums. Part of hedge funds' disappointing performance, however, is also due to the huge flows of institutional money itself, writes Harry M Kat.
Stenham appoints Jerome Avril as client relationship manager, India
09/06/2008. Alternative investment wealth management group Stenham has appointed Jerome Avril as client relationship manager for the Indian market.
Institutional Investor Profile: Salomon Konig, Managing Member and CIO, Artemis Capital Partners
03/06/2008. Salomon Konig on the importance of a diverse portfolio, on quantitative due diligence, on the dangers of an over-correlated market and on the rise of capitalism.
GLG hires Galia Velimukhametova as portfolio manager
02/06/2008. European asset manager GLG Partners has appointed Galia Velimukhametova as a portfolio manager in the firm's London office. Velimukhametova will be working alongside Steve Roth, the GLG Credit Fund and Market Neutral Fund portfolio manager. In her new role, she will continue to focus on distressed situations.
Charlemagne launches first MENA fund
29/05/2008. Specialist emerging markets group Charlemagne Capital plans to launch its first Middle East and North Africa fund, the Magna MENA Fund, next month.
 Institutional Investor Profile: Harry Wulfsohn, Director, Stenham
28/05/2008. Harry Wulfsohn on the importance of transparency, on the rise of indices, on over-correlation and on asset allocation.
Does my beta look big in this?
23/05/2008. Simulations are performed which show the difficulty of actually achieving realised market neutrality. Results suggest that restrictions on the net value of the fund are particularly ineffective. A negative correlation, that is, market negativity, is proposed as a more reasonable target, both on theoretical and practical grounds. Random portfolios, portfolios that obey given constraints but are otherwise unrestricted, prove themselves to be a very effective tool to study issues such as this, writes Patrick Burns of Burns Statistics.
GLG awarded $3bn asset management mandate from Banca Fideuram
23/05/2008. European alternative asset manager GLG Partners has been awarded a $3bn mandate from the asset management division of Italian private bank Banca Fideuram, part of the Intesa Sanpaolo Group.
FRM expands Asia presence with new Hong Kong, Seoul offices
22/05/2008. Fund of hedge funds manager Financial Risk Management is to expand its Asian operations through the establishment of new offices in Hong Kong and Seoul, South Korea.
South African hedge fund survey October 2007
22/05/2008. The total amount of assets under management in the South African hedge fund industry continued to show growth. The total assets under management in the industry had increased to ZAR25.9bn ($3.4bn) as of 30 June 2007, according to this survey of South African hedge funds from Novare.
Swiss firm Insch launches new BVI-based hedge fund Insch Insight
22/05/2008. Lugano, Switzerland-headquartered Insch Capital Management has launched Insch Insight, a new BVI-based hedge fund. The fund is designed to offer a number of 'protected cell' share classes that enable independent managers to offer their own stand-alone funds within a multi-class structure, the firm said in a statement.
Economic outlook gloomy, say hedge fund managers
21/05/2008. A survey of more than 70 US hedge fund managers and their advisors found that most have a broadly pessimistic view on the prospects for the US economy in 2008, say Kinetic Partners.
Institutional Investor Profile: Catherine Cripps, Investment Manager, GAM
14/05/2008. Catherine Cripps on manager selection, on monitoring the hedge fund universe, on portfolio construction and on why emerging managers have a space in GAM's portfolio.
Venture capitalists: US recession and unstable markets will slow investing and fundraising activities, M&As and IPOs
14/05/2008. Venture capitalists expect the US recession and unstable markets to slow investment and fundraising opportunities, however China, India, greentech, internet services and biotech will continue to gain momentum and investment in the coming year, according to a recent survey by KPMG.
The dog that didn't bark: a review of 2007 hedge fund performance
29/04/2008. The polite word for 2007 is 'challenging'. Most money managers would use less polite language. The collapse of the US credit bubble created challenges for all managers, both long-only and hedge funds. Within the hedge fund community, there were high profile losses at some funds, and equally high profile gains at others, but the hedge fund averages reveal something much less dramatic, namely, decent returns in a tough environment, writes Dr Robert A Jaeger of BNY Mellon Asset Management.
Mondo Visione Exchange Forum 2008
17/04/2008. The Mondo Visione Exchange Forum will provide invaluable insights into the challenges and opportunities facing the industry.
Hedge fund industry the target of unmissable criticism
15/04/2008. The Alternative investment Management Association (“AIMA”) – the global hedge fund industry association – notes that the hedge fund industry is facing a renewed wave of unwarranted criticism at a time when many hedge fund managers are doing what they set out to do – to deliver absolute returns for their investors during extreme market volatility and falling asset prices.
Ignorance of the FCPA is no excuse
19/03/2008. Private equity sponsors and hedge funds are increasingly investing in emerging markets, including through dedicated investment funds. The risk of corrupt payments is higher in those markets than in most developed markets and US investors are subject to the U.S. Foreign Corrupt Practices Act (FCPA) in connection with those investments. Recently, the US government has become more aggressive in enforcing the FCPA, writes Weil Gotshal & Manges.
Carlyle Capital Corporation to wind up
17/03/2008. Carlyle Capital Corporation, the Carlyle Group's $22bn mortgage-backed securities fund, intends to file for compulsory winding up in Guernsey, according to a statement.
Pequot Ventures to become independent from Pequot Capital
05/03/2008. Pequot Ventures, the New York City-based venture capital arm of hedge fund Pequot Capital Management, plans to become independent from Pequot Capital. The firm will rename itself FirstMark Capital. The deal still requires investor approval.
Paine & Partners backs MBO of Capital Z's hedge fund sponsorship business
25/01/2008. San Francisco and New York-based private equity firm Paine & Partners (formerly Fox Paine) has backed an MBO of the hedge fund sponsorship business from Capital Z Investment Partners. Financial terms of the transaction were not disclosed.
Blackstone to acquire GSO; announces $500m unit buy-back plan
10/01/2008. The Blackstone Group has agreed to acquire GSO Capital Partners, an alternative asset manager specialising in the leveraged finance marketplace with approximately $10bn under management, for up to $930m. GSO manages a multi-strategy credit hedge fund, a mezzanine fund, a senior debt fund and various CLO vehicles.
3rd Annual Renewable Energy Finance & Investment Summit
09/01/2008. Exploring key deals & developments in the renewable fuel & renewable power markets
The hybrid capacity: The convergence between hedge funds and private equity firms
28/11/2007. James Kelly, a partner at business law firm Nixon Peabody, says hedge funds investing in illiquid assets means its differences from private equity are beginning to lessen.
EQT-led consortium's offer for Securitas Direct may undervalue company
16/11/2007. The SEK9.6bn ($1.5bn) bid for security services business Securitas Direct by a consortium led by Swedish private equity firm EQT is under pressure from US hedge fund investors who own stakes in the company. They claim that the SEK26 ($4.12) per share offer undervalues the company, according to Financial Times and Real Deals.
Goldman Sachs buys minority stake in hedge fund manager Winton Capital
10/10/2007. Goldman Sachs Asset Management has bought a 9.99 per cent holding in London hedge fund manager Winton Capital Management. The price may have been in the $50-170m range, according to the Financial Times. Winton has approximately $10bn of assets under management.
Outlook on debt markets
15/08/2007. In March of this year, members of the Wharton Private Equity Club coordinated a roundtable discussion between four influential lenders to talk about the currently robust debt markets, trends in the sub-debt markets, mezzanine, the impact of hedge funds, and ways firms can differentiate themselves from the competition, among other topics.
Former ATP PEP managing partner Jens Bisgaard-Frantzen joins Private Advisors
23/07/2007. Jens Bisgaard-Frantzen has joined private equity and hedge fund investment firm Private Advisors. Bisgaard-Frantzen will head the firm's new London office and focus on developing the firm's global private equity investment capability. He comes on board as CEO of Private Advisors UK.
Go4Venture monthly VC bulletin - January 2007
02/05/2007. In many ways, says Go4Venture, this January was the posterchild of the recovery they have been charting for the past four years. Apart from the record amount of money tracked in their Headline Transaction Index in January 2007 (€233m), two key developments were illustrated by the transactions announced during the month: January saw the largest transaction ever in European venture capital, while the market saw the the entry/come-back to the VC market of hedge funds, family offices, investment banks, corporate venturers and wealthy business angels.
Old Lane to become part of Citi
13/04/2007. Citi and Old Lane Partners, L.P. has reached a definitive agreement for Citi to acquire 100 per cent of the outstanding partnership interests in Old Lane Partners, LP and Old Lane Partners, GP, the manager of a global, multi-strategy hedge fund and a private equity fund with total assets under management and private equity commitments of approximately $4.5bn. Old Lane will operate as part of Citi Alternative Investments, Citi's integrated alternative investments platform.
TA Associates takes stake in fund of hedge funds K2
28/03/2007. TA Associates, a firm providing management buy-out, leveraged recapitalisation and growth equity capital primarily for business services, consumer, financial services, healthcare and technology businesses, has acquired a minority interest in K2 Advisors, a $5.5bn fund of hedge funds. Terms of the transaction were not disclosed.
Private equity is on a roll, but are investors in for a let-down?
14/02/2007. With private equity investors of all types flush with cash - from venture capitalists and hedge funds to large leveraged buyout firms such as The Blackstone Group and The Carlyle Group - private financing hit record levels in 2006, says Knowledge Wharton, and is likely to remain strong in the new year, according to Wharton faculty and industry analysts.
SVG launches new fund to invest in public equities using private equity techniques
31/01/2007. SVG Investment Managers has launched a new fund which will be structured as a hedge fund but will apply private equity techniques to invest in European public equity markets.
Sowood separates private equity from hedge fund business
18/12/2006. Sowood Capital Management has announced the formation of Denham Capital Management. The move will allow Sowood to divide its hedge fund and private equity fund management efforts into independent management companies.
Private equity and hedge funds: a meeting of giants
06/12/2006. There's a blurring of the line between private equity and hedge funds, driven primarily by hedge funds seeking higher returns, says the ACG and Grant Thornton, as well as more capital to manage and diversification of risk.
Bad news is good news: 'distressed for control' investing
01/11/2006. Knowledge Wharton examines the relatively fledgling arena of 'distressed for control' investing, a growing industry that combines elements of both private equity and hedge funds.
Looking through the PIPE - opportunities for private equity investors
28/06/2006. Private equity sponsors have historically invested in PIPE transactions, says Weil, Gotshal & Manges, but to a lesser extent than venture capital and hedge funds. PIPE transactions are typically structured as a minority investment in a publicly listed company and the investor does not receive the full panoply of control rights and protections that a private equity sponsor is used to receiving in a customary leveraged buy-out transaction.
Record cash reserves and a desire for growth will accelerate M&A in 2006
24/05/2006. Private equity and hedge funds will continue giving corporate buyers stiff competition - but concerns remain about 'ripple effect' from automotive's problems, says PricewaterhouseCoopers.
Limited partner roundtable
02/05/2006. Four limited partners representing, in total, $30bn of alternative asset buying power, talk about issues such as hedge fund convergence, distressed debt and new horizons in venture capital in this Knowledge Wharton article. The roundtable members include Kristin Gilbertson of the University of Pennsylvania, Sandra Pajarola at Partners Group, Cory Pulfrey at Morgan Stanley Alternative Investment Partners, and Michael Taylor at HarbourVest.
Private Equity Alert: September 2005
04/04/2006. The IRS and Treasury recently issued proposed regulations and a notice of a proposed revenue procedure (Notice 2005-43) relating to the federal income tax treatment of the receipt of partnership interests in connection with the performance of services. Although not effective until they are published in final form, these rules could have significant implications for the carry arrangements common in private equity funds, hedge funds, and real estate funds, as well as any other compensatory arrangement involving partnership profits interests, says Mark M Foster of Nixon Peabody.
When is a hedge fund not a hedge fund?
08/03/2006. Hedge funds have long played a role in financing private equity deals, says SJ Berwin, but their continuing move into the space more typically occupied by buy-out funds has generated considerable interest recently.
Hedge fund investment in private equity
02/11/2005. The number of hedge funds worldwide now exceeds 8,000, and these funds control nearly $1tn (about €826bn) in assets, says the Practical Law Company. Hedge funds have recently begun to be active players in the private equity market, as they have become capable of taking large equity positions, have assumed more shareholder-activist stances, and have invested in what are, for hedge funds, non-traditional assets.
GSC Partners appoints two new managing directors to lead hedge fund move
28/07/2005. GSC Partners, the transatlantic mezzanine and debt specialist, has appointed Drew Doscher and Jeffrey Horan as managing directors to lead the firm's newly created hedge fund.
Convergence in action
11/05/2005. Over the last few years hedge fund managers and private equity managers have been distinct categories of alternative asset investors, says David Goldstein of White & Case. All that they have had in common was that they represented private pools of capital. But that has been changing on many levels.
TPG, affiliate pay €265m for France Telecom 27 per cent stake in German mobilcom
03/05/2005. US buy-out firm Texas Pacific Group and its hedge fund affiliate TPG-Axon have paid €265m for France Telecom's 27 per cent stake in German mobile operator mobilcom. France Telecom paid €3.74bn for 28 per cent of the business back in the heady days of 2000.
US Carlyle reacts to threat posed by hedge funds by planning its own hedge launch
24/02/2005. David Rubenstein, a founder of the US private equity giant The Carlyle Group, has warned that buy-out groups will become dinosaurs if they do not position themselves better in competition with hedge funds.
CalPERS boss voices concerns about private equity bubble
10/02/2005. The overhang of buy-out capital risks creating an asset bubble that could be damagingly pricked by tightening credit conditions and further inflows of capital from hedge funds, according to Mark Anson, the chief investment officer of CalPERS - one of the largest private equity investors in the world.
Consolidation of FoF sector continues with Capital Dynamics acquisition of Westport
07/02/2005. The gradual consolidation of the private equity fund of funds sector has moved forward another step with the takeover of UK-based firm Westport by the US and Swiss-based firm Capital Dynamics. CD's acquisition of the business from hedge fund manager the Man Group will turn it into one of the largest fund of funds managers in the world with more than $5bn of global commitments.
Hamilton Lane moves into hedge funds with acquisition of The Richcourt Group
19/11/2004. Hamilton Lane, one of the largest private equity fund of funds, has taken a significant step into the hedge fund sector with the acquisition of a controlling stake in hedge fund of funds manager The Richcourt Group. The deal will serve as a platform for Hamilton Lane's ambitions to broaden its range of asset management products.
Soros spins off private equity business
06/10/2004. Soros Asset Management has reportedly spun off its private equity, real estate and credit operations in order to re-establish focus on its core business of hedge funds.
KKR founder warns of hedge fund invasion
23/09/2004. Henry Kravis, co-founder of US buy-out house Kohlberg Kravis Roberts (KKR), has warned the private equity world that cash rich hedge funds are invading the world of leveraged buy-outs. Speaking at a recent conference in New York, he also suggested that hedge funds might not have the skills required to execute these transactions successfully.
CalPERS faces disclosure lawsuit over private equity management fees
08/09/2004. The California Public Employees' Retirement System (CalPERS), the biggest US pension fund with $166bn under management, is facing a lawsuit over its failure to disclose the management fees that it pays to private equity and hedge fund managers.
Alternative investing
26/08/2004. After experiencing over three straight years of negative performance in the public equity markets, many high net worth investors and institutions are looking for ways to further diversify their portfolios, reduce overall volatility and, of course, enhance returns. For qualified investors willing to think outside the traditional investment box, there may be a way to accomplish these elusive goals by allocating a portion of their investable dollars to alternative investments, such as hedge funds and private equity funds, according to Brian Isroff, senior managing director of Sterling Private Investments.
TPG reported to be joining forces with ex-Goldman star to set up hedge fund
18/08/2004. US buy-out giant Texas Pacific Group is reportedly joining forces with an ex-Goldman Sachs luminary to create a new hedge fund business. The Wall Street Journal says TPG is teaming up with Dinakar Singh, former head of Goldman's in-house trading desk, to form TPG-Axon Capital and aims to raise some $3bn over the course of the rest of the year.
Hedge Funds: A threat to Private Equity?
10/05/2004. Due to various common characteristics, private equity and hedge funds are often mentioned in the same breath. Some investors have even come to view the two asset classes as being in direct competition with one another. Dr. Isabelle Borello and Dr. Hanspeter Bader of Unigestion argue that the comparison is often over simplified and that rather than representing a substitute for private equity, hedge funds can provide a rewarding complimentary investment strategy.
Nordic institutions’ asset management 2003 alternative investments
11/12/2003. More than 60 per cent of Nordic pension funds, life insurers, and foundations currently invest in hedge funds or private equity and a significant proportion plan to increase their allocations over the next two years, according to the Nordic alternative Investments Survey by Prospera Research and IPM Informed Portfolio Management.
Investors to up private equity allocation despite lower return expectations, survey says
12/11/2003. Institutional investors in Europe and the US intend to increase their average strategic allocation to alternative assets such as private equity, hedge funds and real estate, despite predicting a further decline in returns, according to the 2003 Goldman Sachs and Russell Global Report on Alternative Investing by Institutions.
Survey: 60 per cent of Nordic pension funds invest in hedge funds or private equity
03/11/2003. More than 60 per cent of Nordic pension funds, life insurers, and foundations are currently invested in hedge funds or private equity and a significant proportion plan to increase their allocations over the next two years, according to the Nordic Alternative Investments Survey by Prospera Research.
UK-based Man Group to take control of Westport Private Equity
12/12/2002. Listed hedge fund manager Man Group has acquired control of UK-based Westport Private Equity, one of the world's oldest-established funds of funds, with the purchase of a majority stake. The sum paid has not been disclosed.
Trends: December 2001
31/12/2001. UK buy-out values fall, nearly half of all hedge funds fail within five years, dotcom deathrate doubles, 2002 to see pick up in LBOs...
Over 40 per cent of hedge funds collapse within five years, says survey
12/12/2001. More than 40 per cent of hedge funds fail to survive for as long as five years, according to new research produced by the University of Reading.
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