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 »


BNY Mellon acquires fund of hedge funds administrator Lamp Technologies

Bank of New York Mellon has acquired the fund of hedge funds administrative services business of Lamp Technologies, a Dallas-based alternative investment administrator established in 1997, »


Hedgeweek Comment: Hedge fund takes on UK government

It was anticipated, if not necessarily expected. »


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