Hedge Funds and CTAs

A year after slashing its presence in Asia, RAB Capital is re-upping in the region, hiring a top Citigroup executive to head its Hong Kong office and raising hundreds of millions of dollars for a new Asia-focused hedge fund.

Anchor Point Capital is branching out with a fund of commodities hedge fund.

For the second straight month, Och-Ziff Capital Management got a little smaller as its main hedge funds posted declines in June.

Hedge fund Avenue Capital Group has submitted a bid for Newsweek, hedge fund manager Thane Ritchie has not, while the fate of other alternative investment bids is unclear.

“Is [Princeton] University some type of old-fashioned institution full of scholarly gentlemen with modest salaries and a devotion to education?” Princeton Borough Councilman Kevin Wilkes asks. “Or is it a hedge fund with $16 billion, promoting an educational arm on the side?”

With Connecticut wooing and New York City Mayor Michael Bloomberg stewing, New York lawmakers have—once again—put off consideration of the state’s three-month-late budget that would have increased taxes on out-of-state hedge fund managers working in New York.

The Gartmore Group has launched a new hedge fund for new star manager John Bennett.

The Gartmore AlphaGen Pan-European Hedge Fund debuted yesterday, boasting that it will “be managed in a similar style to the GAM European Equity Hedge Fund,” which Bennett ran for more than 10 years before leaving GAM last summer.

More than a year after launching its first fund, Baobab Asset Management is on the lookout for a little help.

Galena Asset Management bucked the commodities hedge fund trend in May with a big gain, while most its fellow commodity hedge funds suffered drawdowns.

A quartet of top GLG Partners employees is set to enjoy handsome payouts if their services are no longer required following the hedge fund’s merger with the Man Group.