Hedge Funds

Northern Trust’s 50 South Seeks Up to 10 Managers

January 26, 2016

BY HEMA PARMAR 50 South Capital Advisors, the alternative investment subsidiary of $875 billion Northern Trust, is seeking as many as 10 hedge fund managers through 2016, according to Tristan Thomas, the firm’s director of portfolio strategy. 50 South Capital, which manages and advises about $5 billion, more than half

Meet the Energy Funds That Made Money While Oil Fell

January 19, 2016

BY HEMA PARMAR The plunge in oil prices has dragged down much of the energy sector with it. Yet, some energy-focused hedge funds managed to avoid the carnage entirely. Lansdowne Partners — one of Europe’s largest hedge funds with $22 billion — gained 14.8 percent last year in its long-short

2015 Was a Year to Forget for Many Managers

December 23, 2015

INTRODUCTION BY NATHANIEL E. BAKER Volatility and unexpected economic events roiled markets this year, upsetting hedge fund trading models and leading to declines for funds large and small alike. As poor performance begat redemptions, funds were forced to shut their doors. The damage has been widespread, claiming many well-known names,

Paamco, GAM Say They’ll Stay Course on High-Yield

December 16, 2015

BY HEMA PARMAR AND WILL WAINEWRIGHT Pacific Alternative Asset Management Co., the $9 billion fund of hedge funds, and GAM Holding Group AG, a Swiss hedge fund investor, said they will keep their investments and expect their credit managers to pursue opportunities the week after multiple distressed strategies were hit

Fieldpoint Looking for Equity, Event-Driven Managers

November 3, 2015

BY HEMA PARMAR Fieldpoint Private Bank & Trust is seeking long-short equity, event-driven or multi-strategy managers with an emphasis on Europe and North America, according to Nick Markola, the firm’s managing director and head of research. The Greenwich, Connecticut-based private bank and wealth advisory firm is looking for equity long-short

Ex-SAC Manager Tiller Said to Start Precocity Fund

October 27, 2015

BY SIMONE FOXMAN Nick Tiller, a former money manager for Steven A. Cohen’s SAC Capital Advisors who left in 2013 to focus on charity, plans to start a hedge fund called Precocity Capital that will wager on energy, agriculture and natural-resources stocks, according to two people with knowledge of his

Big Data Special Report

October 20, 2015

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Paamco Seeks Emerging Managers

October 13, 2015

BY HEMA PARMAR Pacific Alternative Asset Management Co., the $9 billion fund of hedge funds manager, is looking for emerging managers, according to associate director Melanie Rijkenberg. The firm is looking for funds that manage macro and fixed income relative value funds with a focus on emerging markets, Rijkenberg said.

Oppenheimer Seeks Emerging Managers

October 6, 2015

BY HEMA PARMAR Oppenheimer Asset Management, the New York-based asset management subsidiary of Oppenheimer & Co., is looking to add emerging hedge fund managers, according to Anusha Prasad Rodriguez, head of the firm’s Alternative Investments Group. “Our studies show that managers of these characteristics typically outperform larger and established peers,”

Ex-Baupost’s Fidalgo Said to Plan Tiarii Capital

September 22, 2015

Miguel Fidalgo, a former managing director at Seth Klarman’s $28.5 billion Baupost Group, plans to start a hedge fund early next year that will look for bargains globally. Triarii Capital Management, named for a Roman military unit, will seek to buy debt and equity in companies facing reorganizations, restructurings or