Quantitative hedge fund firm Convexus Advisors has shut down.
Advanced Financial Applications, a technology provider, is looking to add the ability to conduct swaps as well as integrate options analytics to its technology model.
Convexus Advisors and Clarium Capital alum Matt Kratter has set up Kratter Capital and launched a hybrid hedge fund that invests in equity options with a macro overlay.
The Philadelphia Board of Pensions & Retirement approved commitments of up to $12.5 million each to four hedge funds at a June 26 meeting.
San Francisco-based Clarium Capital Management is up about 58% year-to-date, a return that along with new investments brings total assets under management to $7.35 billion.
Swiss private bank Union Bancaire Privée will launch a fund of funds in August to invest in hedge funds initially and then gradually morph into a private equity play.
Harcourt Investment Consulting has rolled out an asset-based lending fund of hedge funds, which it hopes will be able to form part of a pension fund’s bond portfolio rather than its hedge fund allocation.
The Alternative Investment Management Association will publish in early 2009 what is believed to be the first global guide to sound practices for funds of hedge funds.
Start-up emerging markets manager Fincere is planning to roll out a series of sector- and region-focused hedge funds.
Renaissance Investment Management is launching The Renaissance Vanguard Fund next week and The Renaissance MENASA Fund in September as part of a broader pipeline of funds to come.
Louis Capital Management is recommending shorting strategies focused on equity and commodities in China, to capitalize on adverse effects of the Olympics that may have been overlooked.
Alexander Medd, former managing director and portfolio manager at Fortress Investment Group, has formed Bucephalus Capital Management Advisors and launched the Bucephalus Special Situations Fund last month.
The California Public Employees Retirement System (CalPERS) will invest $700 million in private equity firm PCGI’s Global Opportunity Fund II.
Bahrain firm Investcorp has lined up two start-up hedge funds—a European event-driven strategy and a Europe-focused long/short offering—to join the six other funds on its single-manager seeding platform.
Godvig Capital Management expects to soft-close its Iraq-focused Babylon Fund because of liquidity constraints on the Iraq Stock Exchange (ISX).
São Paulo-based firm Explora Investments has delayed the launch if its offshore long-only fund.
Canonsburg, Pa., firm Fusion Capital Management is in talks with potential seeding partners, including a dedicated seeding firm, family offices and some high-net-worth individuals.
Anu Sahai, founder of Scottsdale, Ariz., firm Anew Capital Management, is in New York this week pitching her India-focused long/short equity and convertible arbitrage strategy to investors.
Gramercy Investment Advisors and Cedar Ridge Partners have responded to the municipal bond market fallout by teaming up to launch a quantitative strategy that will invest in portfolios of municipal bond closed-end funds, believed to be the first of its kind.
Boeing’s $50 billion defined benefit plan will increase its hedge fund exposure to meet its 6% target and move more into direct hedge fund investments by year’s end or early 2009.
After being down nearly 10% for the year by the end of March, the Healthcare/Biotech Index has had two consecutive positive months in April and May.
--Pierre Marek, an equity derivatives sales trader at Exane, on hedge funds' decision to shy away from the equity markets in the longest quiet period he has experienced.
Paulson & Co. and Harcourt Investment Consulting were named AIN's Hedge Fund Leader and Fund of Funds Leader of the Year, respectively, at the Sixth Annual Hedge Fund Industry Awards gala dinner on Wednesday.