Hedge Funds and CTAs

A trio of client relations specialist has left hedge fund GAM for Rothschild Private Banking & Trust.

Gottex Fund Management has sued a Connecticut hedge fund manager, alleging that it broke promises and misled it over redemption requests.

London-based Millennium Global Investments is getting a bit more global and has opened an office in Tokyo.

BlueBay Asset Management, the London-based fixed-income hedge fund shop, just keeps getting bigger.

Union Bancaire Privée is launching a hybrid hedge fund-private equity fund of funds to exploit opportunities in the distressed market.

The SquareInvest Distressed Opportunity Fund will make its debut next month and plans to raise US$500 million from institutional and other investors. The UBP Pension Fund is seeding the fund with a “significant” amount, according to Vincenzo Narciso, UBP’s head of private equity.

Global hedge fund assets under management increased 30% in 2007 to a record $2.25 trillion, according to a new International Financial Services report.

Credit Suisse today said that Erin Callan will be joining the bank as a managing director and head of its global hedge fund business effective Sept. 2.

Jeffrey Larson’s new hedge fund has a name.

Former Bear Stearns trader Melissa Ko has spun off her successful Emerging Markets Macro Fund, as new Bear owner JPMorgan Chase continues to shed hedge funds run by Bear Stearns Asset Management.

U.K.-based hedge fund Veritas Asset Management has launched its Real Return Alternative Strategies Fund, a multi-strategy offering, to invest in a range of alternative strategies via talented external fund managers.

The fund, which launched in May with some US$14 million, is global, thematic and seeks below-average levels of volatility, according to the firm.