All News
CB Richard Ellis Investors opens Dutch office at Schiphol
Wed, 20 August 2008, 06:06
Real estate investment management firm CB Richard Ellis Investors has opened a Dutch office in the Schiphol Airport area near Amsterdam. The firm, which manages the Strategic Partners Europe funds, a series of valued-added and opportunistic pan-European investment programmes, says the new office represents an integral step in its European expansion. 
Hedgeweek Comment: Ex-Amaranth trader rakes in the money
Wed, 20 August 2008, 05:51
Apparently unscarred by the Amaranth Advisors fiasco, the trader whose natural gas trades triggered the collapse of the Connecticut hedge fund manager nearly two years ago is back in business. A commodity hedge fund advised by Brian Hunter surged in July as energy, metals and agricultural prices suffered their largest fall in nearly three decades.
Hedgeweek Comment: Banks tighten lending grip on hedge funds
Tue, 19 August 2008, 12:09
Investment banks are implementing tough internal rules, perhaps in a very practical way, to streamline the way they lend to hedge funds. Morgan Stanley and Goldman Sachs are among the institutions that are reported to have changed the way they assess lending to hedge funds by linking it to the market's assessment of their own creditworthiness.
Trowers & Hamlins advises on USD500m Sharia-compliant Gulf real estate fund
Tue, 19 August 2008, 07:10
International law firm Trowers & Hamlins has advised Kuwaiti investment bank Global Investment House on the launch of the Global GCC Real Estate Fund II, a USD500m Sharia-compliant real estate fund.
Phoenix Funds Services recruits Gerard Quirke from Hermes
Tue, 19 August 2008, 06:03
Phoenix Fund Services, a provider of offshore and onshore traditional and alternative fund administration services with offices in the UK and Ireland, has recruited Gerard Quirke as a director from Hermes Pensions Management, where he was chief operating officer and deputy chief executive.
Irish Stock Exchange unveils new listing regime for Super Sophisticated Investor Funds
Tue, 19 August 2008, 05:45
The Irish Stock Exchange has introduced a listing regime for a new category of fund, the Super Sophisticated Investor Fund, as well as amending the existing listing regime for closed-ended funds and removing the requirement for Irish-authorised qualifying investor funds to produce interim reports.
HSBC European Active Real Estate Fund acquires stake in Bucharest trading park
Mon, 18 August 2008, 06:01
HSBC's European Active Real Estate Fund has acquired a 50 per cent interest in Expo Market Doraly, a business park in the Romanian capital Bucharest, from its founders, Gheorghe and Dorina Iaciu.
Hedgeweek Comment: Soros is buying
Mon, 18 August 2008, 05:58
Global investor and philanthropist George Soros is back doing what he does best - making a fortune by exploiting financial turmoil. According to a regulatory filing last week, Soros Fund Management raised its stake in Lehman Brothers from 10,000 shares in March to 9.47 million common shares, representing 1.36 per cent of the total outstanding, at the end of June.
Crederian Fund Services launches alternative fund administration business in Philadelphia
Mon, 18 August 2008, 05:41
Crederian Fund Services has announced the launch of its operations providing full-service fund administration for the alternative asset management industry from its offices in the Philadelphia suburb of Media, Pennsylvania. Crederian is headed by two industry veterans, president and chief executive Vincent J. Ciavardini and executive vice-president and chief operating officer Gene J. Cichanowsky.
Guernsey fund assets grow more slowly in second quarter
Sat, 16 August 2008, 10:43
The growth of funds domiciled or administered in Guernsey slowed in the second quarter of this year but the island's finance industry is continuing to perform robustly despite the credit crunch, according to Peter Niven, chief executive of industry promotional agency Guernsey Finance.
Equity International's first fund delivers 24.4 per cent annual return over nine years
Fri, 15 August 2008, 05:56
Chicago-based Equity International, a privately-held investment company focused on real estate-related businesses operating outside the US, has formally dissolved its first fund, having achieved a 24.4 per cent annual return on investment over nine years. The fund generated total gross proceeds of USD991m, representing a 3.1 times return on invested capital.
Bigger hedge funds set to move out of Mayfair and St. James's, says Jones Lang LaSalle
Fri, 15 August 2008, 05:43
The hedge fund industry may be broadly perceived to be suffering from the global credit crunch and associated market turbulence, but evidence from London's property market suggests that many managers are continuing to enjoy solid returns and profits, according to the latest Hedge Funds Update report from global property manager Jones Lang LaSalle.
Hedgeweek Comment: Pru drafts in hedge fund experience
Thu, 14 August 2008, 05:59
UK insurer Prudential has appointed Harvey McGrath, former head of the listed hedge fund manager Man Group, as chairman in succession to Sir David Clementi, a former deputy governor of the Bank of England. The 56-year-old McGrath will join the Prudential board as a non-executive director on September 1 on a salary of GBP500,000 a year before taking the chair at the beginning of next year.
Arch Financial Products and Nice Capital target residential property market opportunities
Thu, 14 August 2008, 05:39
In a joint venture with property investment adviser Nice Capital, London-based investment manager Arch Financial Products has launched a residential fund to capitalise on falling UK house prices caused by the credit crunch and the general economic downturn.
Hedgeweek Comment: Money talks
Wed, 13 August 2008, 06:04
After the saga of Greg Coffey and GLG Partners, it is now the turn of US hedge fund manager Fortress Investment Group, which has lavished a USD300m share grant - thought to be at least one of the largest retainers of all time - on one of its star traders, 38-year-old Adam Levinson, in an effort to persuade him to stay with the company.
Schroders expands property sales team with hire from Morgan Stanley
Wed, 13 August 2008, 05:42
Schroder Property has appointed John Harding, previously responsible for equity-raising for real estate funds within Europe at Morgan Stanley, as business development director, reporting to Schroders' head of property distribution Mike Clarke.
David Henry joins VinaLand as managing director
Tue, 12 August 2008, 06:03
VinaLand, the AIM-quoted investment vehicle established to target growth segments within Vietnam's emerging real estate market, including residential, office, retail, industrial, and leisure projects, has announced the appointment of David Henry as a managing director of the company's investment advisor, VinaCapital Real Estate.
Schroders to launch Agricultural Land Fund in September
Tue, 12 August 2008, 05:54
Schroders has announced plans to open the Schroder Agricultural Land Fund, a Guernsey-domiciled, London Stock-Exchange-listed investment trust investing in agricultural land and land operating businesses, to investors in September.
GE Real Estate promotes Mark Hutchinson to president of international business unit
Mon, 11 August 2008, 06:10
GE Real Estate has promoted Mark Hutchinson, president of the group's Asia-Pacific business since 2005, to president of newly-created GE Real Estate International, covering operations throughout Europe and Asia.
Hedgeweek Comment: Less talk, more action
Mon, 11 August 2008, 06:01
The collapse of a few hedge funds lately as a result of poor operational practices or even fraud has rekindled talk about best industry standards and self-policing among hedge funds and their industry bodies.
