Hedge Funds and CTAs

A nascent hedge fund launched by a Clarium Capital Management veteran has made a pair of hires.

A start-up private bank has named hedge fund manager Paul Guidone its chief investment officer.

Highbridge Capital Management has pulled the plug on its $1.4 billion Asia Opportunities Fund as manager Carl Huttenlocher prepares to leave the firm.

Highbridge has been racing to sell off most of Huttenlocher's portfolio, which includes some $550 million managed for the firm's flagship fund, since late last week, when he informed his bosses of his plan to quit. Already, $1.4 billion of holdings have been sold.

Fortress Investment Group easily topped analyst estimates for the fourth-quarter, finishing out a year in which its pre-tax distributable earnings rose nearly threefold.

Embattled hedge fund Plainfield Asset Management has sold a chunk of its illiquid investments to private equity firm Paul Capital.

Kohlberg Kravis Roberts has nabbed a York Capital Management managing director as part of a major expansion of its European special situations team.

The beleaguered hedge fund completed its long-awaited spin-off from the investment bank today.

Virginia (Ginny) ParkerStamford, Conn.-based Parker Global Strategies is both a fund of hedge funds and a manager of managers and has advised on the placement of over $2.5 billion over the past 15 years. FINalternatives spoke recently to Ginny Parker, the firm’s founder and chief investment officer, about why PGS’ approach to risk management hasn’t changed since the financial crisis, what factors it considers when choosing a fund manager and how it goes about investing in the energy sector.

Tokyo-based Nikko Asset Management has completed its purchase of fund manager Tyndall Investments from Suncorp.

Jeff Kaplan will handle day-to-day management, client relationships and those with its service providers.