Energy sector funds lead hedge fund rally in April, says HFN

Early estimates indicate that the HFN Hedge Fund Aggregate Average, an equal-weighted benchmark of all single manager hedge funds and CTA/managed futures products in the 8,000 fund-strong »


Barclay CTA Index slips as managed futures experiences mixed fortunes in April

Managed futures funds lost ground for the second successive month in April, declining by an average of 0.27 per cent according to the Barclay CTA Index compiled by Fairfield, Iowa-based in »


Structured Portfolio Management hires trading and portfolio management executive

Mortgage-backed securities manager Structured Portfolio Management has recruited Charles Smart as senior vice-president for trading and portfolio management, responsible for developing mor »


Blackstone Altius Advisors to offer Asia-focused event-driven strategy

The Blackstone Group has announced that Aaron Nieman will head Blackstone Altius Advisors, a new event-driven strategy focusing on opportunities in the Asia-Pacific region and managed by a »


Hedgeweek Comment: Alternative investment firms are new M&A targets

It isn't every day that a Japanese manufacturing conglomerate, even one with a history in banking, takes a stake in the international asset management sector. »


Alternative managers account for increasing share of asset management M&A

Sales of alternative investment firms account for a record 40 per cent of deals in the global investment management business so far in 2008, according to Jefferies Putnam Lovell, an advise »


Hedge funds recoup losses with 2 per cent gain, says Hennessee

Hedge funds recovered much of the ground from their losses the previous month with a 2 per cent average gain in April, according to Hennessee Group, an adviser to hedge fund investors and »


Mitsubishi takes minority stake in Aladdin Capital and injects seed capital

Mitsubishi Corporation has invested USD39m to acquire a 19.5 per cent stake in Aladdin Capital Holdings, an alternative investment manager specialising in fixed income hedge funds and coll »


Emergent and Tim Yetman partner for global macro fund launch

London-based Emergent Asset Management, an alternative investment firm specialising in macro and emerging markets, is launching a directional global macro hedge fund in a joint venture wit »


Prime brokers' revenue to exceed USD11bn this year, predicts Tabb study

Prime brokers will generate more than USD11bn in revenues from hedge funds this year, a 15 per cent increase over 2006, according to the fourth annual benchmark industry research study fro »


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