Hedgemedia's AltInvestment Global News Round-Up: US legislators target carried interest to relieve AMT burden on taxpayers

Charles Rangel, chairman of the Ways and Means Committee of the US House of Representatives, said this week he was considering raising taxes on carried interest paid by private equity and »


RAB Capital launches Global Mining and Resources Fund

Absolute return asset manager RAB Capital has announced the planned launch of a new RAB Global Mining and Resources Fund, to be managed by a team led by chief executive Philip Richards, on »


Hellman & Friedman takes stake in fund of hedge fund manager Grosvenor Capital

Private equity firm Hellman & Friedman has agreed to become a minority investor in USD24bn fund of hedge funds manager Grosvenor Capital Management by acquiring a shareholding previous »


Investors in failed hedge funds seek to oust Bear Stearns

Investors who lost hundreds of millions of dollars when two Bear Stearns hedge funds collapsed in August are joining forces to replace Bear Stearns affiliates and designees as managing par »


Barclays Capital announces note linked to fund of hedge funds

Barclays Capital, the investment banking division of Barclays Bank, has announced plans to launch a note linked to the US Opportunities fund, a US-focused equity long/short fund of hedge f »


Sands Brothers launches Genesis Merchant Partners

Sands Brothers Asset Management has launched Genesis Merchant Partners, a fund that makes asset-backed and secured loans in unfashionable markets. »


Crédit Agricole offers online access to hedge fund database

As part of its ongoing strategy to develop products in alternative investments, Crédit Agricole Structured Asset Management has announced the opening of online access to the Casam C »


Dexion Capital launches JC Clark Focused Opportunities Offshore fund

Dexion Capital and JC Clark have announced the opening of the JC Clark Focused Opportunities Offshore fund, which seeks absolute returns through a classic long-short hedged style, to exter »


SEI passes USD100bn in alternative assets under administration

Oaks, Pennsylvania-based SEI has passed the USD100bn mark in alternative investment assets under administration, bringing worldwide total assets administered by the firm to more than USD42 »


Bridge Asset Management moves operations to Isle of Man

The Isle of Man has succeeded in attracting Bridge Asset Management, a specialist in emerging markets, to establish operations on the island as part of a strategy led by Isle of Man Financ »


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