Hedge Fund and Private Equity News | FINalternatives

SS&C GlobeOp: Forward Redemption Indicator Dips To 2.69%

FINalternatives - Fri, 10/20/2017 - 22:36

The pace of hedge fund redemptions lessened in October after rising in September, according to new data from fund administrator SS&C GlobeOp, and they remained below year-ago levels for the ninth consecutive month. 

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CVC Capital Partners Hires Hu To Lead CLO Origination

FINalternatives - Fri, 10/20/2017 - 22:28

Alternative investment manager CVC Credit Partners has named former Nomura Securities executive Cary Ho as a managing director and global head of CLO origination.

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Mercury Capital Advisors Opens Seattle Office In iFunds Push

FINalternatives - Fri, 10/20/2017 - 22:21

Global private investment placement agent Mercury Capital Advisors opened a new office in Seattle, Washington and tapped iFunds distribution executive director Brian Hanson to lead it. 

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Ainslee's Maverick Capital Unveils 0% Performance Fee Structure

FINalternatives - Fri, 10/20/2017 - 22:17

Lee Ainslie’s Maverick Capital hedge fund has become the latest large alternative manager to slash fees to some investors amid disappointing performance in its main fund.  

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Goodwin Nabs PE Duo From Paul Hastings For Hong Kong Practice

FINalternatives - Fri, 10/20/2017 - 21:52

Law firm Goodwin has added former Paul Hastings private equity specialists Douglas Freeman and Victor Chen as partners in its international private equity practice in Hong Kong. 

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HFRU Composite Index Gains +0.71% Through Mid-October

FINalternatives - Fri, 10/20/2017 - 21:49

The HFRU Hedge Fund Composite Index, which measures UCITS compliant hedge funds, is up +0.71% through mid-October, according to a flash update from Hedge Fund Research. 

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Dymon Asia Said To Seek Additional $600M For L/S Equities Fund

FINalternatives - Fri, 10/20/2017 - 19:53

Danny Yong’s macro hedge fund Dymon Asia Capital is reportedly planning to raise an additional $600 million for an Asia long/short equity fund currently managing around $400 million in mostly internal capital.

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HFR: Hedge Fund Industry Assets Hit Record $3.15T In Third Quarter

FINalternatives - Thu, 10/19/2017 - 23:05

Eleven consecutive months of gains and net capital inflows have enabled hedge fund industry assets to hit a record $3.15 trillion in the third quarter, according to new data from Hedge Fund Research.

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RLH Equity Partners Hits $510M Hard Cap With Fourth Fund

FINalternatives - Thu, 10/19/2017 - 22:38

Private equity company Riordan, Lewis & Haden Equity Partners (RLH) has raised more than $510 million in capital commitments for its oversubscribed fourth buyout fund.

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Apex Group Acquires Deutsche Bank's Alternative Fund Services Unit

FINalternatives - Thu, 10/19/2017 - 22:25

Fund administrator Apex Group has announced the acquisition of Deutsche Bank’s Alternative Fund Services (AFS) business as the company moves towards its stated goal of becoming a top five global fund services business.

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Man Numeric Launches New European Equity UCITS Fund

FINalternatives - Thu, 10/19/2017 - 22:02

Man Group’s systematic investment unit Man Numeric has debuted a new UCITS-compliant fund that provides liquid alternative access to the firm’s European Core equity strategy. 

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Trium Capital Taps Pepper as Company Co-Head

FINalternatives - Thu, 10/19/2017 - 21:45

Alternative asset manager Trium Capital has named former Old Mutual Global Investors executive Donald Pepper as co-head of the firm alongside co-founder Shenan Dhanani.

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Macro Manager Glen Point Said To Return 22.7% YTD On EM Bets

FINalternatives - Thu, 10/19/2017 - 21:35

Global macro hedge fund manager Glen Point Capital has reportedly returned more than 22% in the first nine months of 2017, vastly outperforming most of its peers.

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CD&R Names McInnes As Operating Advisor

FINalternatives - Thu, 10/19/2017 - 20:47

Private equity company Clayton, Dubilier & Rice has named veteran business executive and Safran executive Ross McInnes as an operating adviser for the firm’s funds. 

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Quantopian Algo Community Grows to 160K Members

FINalternatives - Wed, 10/18/2017 - 23:22

Crowd-sourced quantitative investment algorithm platform Quantopian has announced its membership has grown to more 160,000 members from more than 190 nations. 

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HFRX Interim Update: Hedge Fund Win Streak Continues

FINalternatives - Wed, 10/18/2017 - 22:39

Hedge funds have maintaining positive momentum through mid-October as global financial markets remain strong and global interest rates largely tread water, according to a flash update from Hedge Fund Research. 

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FS Investments Debuts New Hybrid Liquid Alternatives Fund

FINalternatives - Wed, 10/18/2017 - 22:21

Alternative asset manager FS Investments has launched a new liquid alternative mutual fund that will combine best-in-class hedge fund managers with lower-cost alternative beta strategies. 

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Cowen Group Taps Roman For Key Leveraged Capital Markets Post

FINalternatives - Wed, 10/18/2017 - 22:08

Financial services company Cowen Group has named former RBC Capital Markets executive Miguel Roman as head of leveraged capital markets and syndicate on the company’s investment banking team.

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Ex-BlackRock Exec Grossman Joins Axioma Board Of Directors

FINalternatives - Wed, 10/18/2017 - 21:44

Risk management specialist Axioma has announced the election of former BlackRock senior executive Blake Grossman to its board of directors.

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Halifax Raises $650M For Fourth Private Equity Fund

FINalternatives - Wed, 10/18/2017 - 20:53

Private equity company Halifax Group has raised $650 million in capital commitments for its fourth buyout fund, exceeding its original target of $550 million. 

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