Former Merrill fixed-income chief Semerci joins Duet Asset Management as chief executive

London-based alternative asset management firm Duet Group has appointed Osman Semerci as a partner and chief executive. »


NorthPoint Trading hires former Bank of America prime brokerage executive

Keith Milko has joined NorthPoint Trading Partners, an Atlanta-based prime brokerage and fund services company, as director of client services. »


Barclay Hedge Fund Index down 2.40 per cent in March and 4.42 per cent for first quarter

Hedge funds lost on average 2.40 per cent in March, according to the Barclay Hedge Fund Index compiled by Fairfield, Iowa-based BarclayHedge, leaving the index down 4.42 per cent for the f »


Carlyle raises second fund targeting distressed debt and corporate opportunities

Private equity specialist Carlyle Group has raised USD1.35bn for Carlyle Strategic Partners II, its second distressed debt and corporate opportunities fund, following the closing of its fi »


Fortune adds trading veteran to London fund of hedge funds team

Max Schmid, a 30-year veteran of international capital markets, has joined fund of hedge funds manager Fortune Group in London from City Capital Corporation as a managing director for inve »


Gottex Fund Management appoints William Landes to executive role

Gottex Fund Management Holdings, an independent fund of hedge funds management group, has announced the appointment of William J. »


Hedge fund organisations to collaborate on industry initiatives

The Managed Funds Association and the Alternative Investment Management Association have announced an alliance under which the two organisations will work together more closely and collabo »


SEC files late trading charges against UK-based hedge fund manager

The Securities and Exchange Commission has filed a civil action in the US District Court for the Southern District of New York alleging late trading fraud against London-based hedge fund m »


New partner promotions reinforce Appleby's global funds practice

Offshore law firm Appleby has announced the promotion of seven lawyers to partnership, including three active in the funds practice, capping a year in which the firm added 46 new lawyers, »


Carmignac Gestion names new co-manager to market neutral fund

Maxime Carmignac has announced her departure from Carmignac Gestion, where she will soon be appointed as a director, while the Paris-based firm has appointed François-Joseph Furry t »


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