Tudor hires Bear Stearns distressed debt team to launch credit-related strategies

Tudor Investment Corporation has announced the appointment of Gregory Hanley and Alan Mintz to establish a new investment management business focused on credit-related strategies. »

State Street establishes combined alternative investment servicing business

State Street has announced the establishment of State Street Alternative Investment Solutions, which combines its hedge fund, private equity and alternative risk servicing capabilities to »

Hedge funds see USD5.9bn outflows in April, but CTA assets continue to soar

Hedge funds suffered an estimated capital outflow of USD5.9bn in April, the first since the industry saw outflows of USD2bn in December 2005 and the largest since USD6.1bn in October 2001, »

Blacksquare Capital launches commodity fund of hedge funds

London-based alternative asset manager Blacksquare Capital has launched the Blacksquare Capital Commodity Fund, a concentrated long/short fund of funds that allocates its assets to between »

OECD steering group engages hedge fund industry on shareholder activism

The Organisation for Economic Co-operation and Development's Steering Group on Corporate Governance has hosted a high-level meeting involving representatives from the hedge fund industry a »

BNP Paribas acquires Bank of America's equity prime brokerage business

BNP Paribas has signed a definitive agreement to acquire the equity prime brokerage business of Bank of America, a transaction that will involve the transfer of client relationships, emplo »

David Lau joins Galleon Group in Singapore

Galleon Group, a New York-based USD7.3bn alternative asset manager, has announced the appointment of David Lau as a senior portfolio manager and partner overseeing the firm's new Singapore »

Absolute Capital Management strengthens investment team with portfolio adviser hires

Troubled absolute return fund manager Absolute Capital Management has appointed Daniel Bieri as head of portfolio advisory and Athanasios Ladopoulos as a lead portfolio adviser focused on »

Babson Capital Europe announces appointment of Andrew Godson as head of distribution

Specialist leveraged loan manager Babson Capital Europe has announced the appointment of Andrew Godson as head of distribution, responsible for the firm's global sales and distribution act »

TriAlpha launches global fund of property hedge funds

TriAlpha, the asset management arm of the Stonehage Group, an international wealth management group, has launched the TriAlpha Global Property Strategy Fund, a fund of property hedge funds »

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