News

The Audax Group has raised its third private equity fund, Audax Private Equity Fund III, which held a first and final close of $1 billion on June 1.

Portfolio management platform provider AlternativeSoft has added Bloomberg and Citigroup veteran Vic Kotecha to boost its sales in the British market, the firm said yesterday.

JPMorgan Chase’s Highbridge Capital Management is set to become the latest hedge fund to try its hand at private equity.

Hedge funds helped win Congress for the Democrats last year. Next year, they have their sights set on the White House.

Maple Leaf Capital has hired James Xu as a portfolio manager, working out of its London office with a focus on fixed-income volatility.

This month, Erste Bank Alternative Investments added to its MAX suite of emerging markets funds of hedge funds with the launch of MAX Asia. The Caymans-based fund of funds was initially seeded with $35 million.

MAX Asia is a carve out of the firm’s global MAX Emerging Markets Alpha Fund, a global fund of funds launched last October.

Not one, but three top German officials acknowledged that the country’s hedge fund initiative—a centerpiece of its G8 presidency—will go nowhere at this week’s summit of group leaders.

It seems New York University student turned hedge fund fraudster Hakan Yalincak is something of a victim himself—not just of a possibly intentional drug overdose, but also of his one-time lawyer.

While some firms are launching private equity products to complement their hedge fund offerings and vice versa, at least one shop is going the other way.

RAB Capital has appointed Osman Shafi as head of fixed-income sales. Osman joins the firm from Brevan Howard, where he was instrumental in the development of the investor relations process.