Hedge Funds and CTAs

Harvard University’s endowment fund has taken a 12.5% stake in a Brazilian alternative investment manager. Boston’s Harvard Management Co. has reportedly paid an undisclosed amount for 12.5% of Gavea Investimentos.

With just a month to go, RK Capital Management’s disastrous 2007 got a lot worse. The hedge fund’s flagship Red Kite Metals fund, fell 22% in November, and is down 50% year-to-date.

New York hedge fund giant Eton Park Capital Management is going around the world to buy a piece of a mutual fund.

After sailing through most of the year returning over 45% to investors, Baring Asset Management’s China Absolute Return Fund hit a snag last month.

Five months after announcing its initial foray into the hedge fund space, Asia Alternative Asset Partners, an emerging hedge fund manager shop, has teamed up with Iveagh Ltd., a London-based multi-strategy shop.

One New York-based hedge fund shop is making its bets on the Southeast Asian markets, and is hoping like-minded investors will follow suit. Liger Capital Management is preparing to launch the Philippines Fund in January.

The new fund will invest 70% of its assets in the Philippines and the remaining amount in other Southeast Asian markets such as Thailand and Vietnam, according to the firm.

Penta Investment Advisers, a $4.8 billion Asia-focused hedge fund shop, like many of its peers, is enjoying a banner year.

London-based Explorer Capital this month launched a dedicated Russian long/short equity fund.

Another pair of SAC Capital Advisors vets are calling it quits, but this time, fundraising isn’t a problem.

London-based hedge fund Sisu Capital is almost a sure thing to buy British soccer team Coventry City Football Club, according to the Sky Blues’ chairman.