News

Crestline Investors has been handed a fund of hedge funds mandate by the New Mexico State Investment Council, which also plans to hire another fund of funds.

ConvergEx Group has unveiled its new stock loan program, which allows hedge funds and other clients to borrow securities for their short-sell requirements.

Three asset management firms have joined forces to launch a hedge fund seeding business. Atlantic Asset Management, Montage Asset Management and Palmer Square Capital Management announced today that they have formed a strategic joint venture to provide capital and take stakes in emerging hedge fund managers.

Former GLG Partners star trader Philippe Jabre is jumping on the UCITS III bandwagon.

Hedge funds have increased their U.S. Treasury bonds trading by a factor of almost seven this year, aiming to profit from the usually sedate market.

Deutsche Bank has spun-off its quantitative strategies group as an independent hedge fund and advisory firm.

Despite worrying news about the global economy, hedge funds do not expect the markets to tank, according to two industry players.

Fortress Investment Group has agreed to buy American International Group’s consumer lending business for $130 million—less than 1% of its $20 billion in assets.

Hedge fund industry players FletcherBennett Group and Invus Financial Advisors are joining forces to launch a fund of hedge funds.

UBS and LyondellBasell Industries are seeking to have Highland Capital Management’s lawsuit against them junked, as UBS’s lawsuit against Highland over a bad collateralized debt obligation deal was six months ago.