News

The nation’s biggest pension fund recently approved committing some $1.1 billion to three private equity vehicles as part of its alternative investment management program.

Man Investments recently said that uncertainty over the U.S. economy was likely to create substantial trading opportunities for hedge funds in 2008 but possible market disruptions could affect some strategies.

Bear Stearns and Eagle Investment Group, a Chinese investment firm, said that Steven Kwok has joined as the head of their Asian-based private equity joint venture.

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.

Setting up a potential battle with both the Senate and the White House, the House of Representatives approved a bill protecting about 20 million people from the alternative minimum tax but boosting taxes on hedge fund managers by billions.

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.

A new report by Putnam Lovell says that public and private asset management firms, both traditional and alternative, will capture 33% of all assets under management by 2012, up from 24% today.

Andy Shinn and Aaron Sack have joined as executive directors in Morgan Stanley Private Equity, the firm's global buyout business.