News

London-based alternative asset manager Arch Investment Group is launching a hedge fund aimed at institutional investors looking to invest in “sustainable finance.”

Larger hedge funds are less satisfied with their service providers than smaller ones, according to a recent survey by FINalternatives.

Another hedge fund giant is going public. Och-Ziff Capital Management, one of the world’s largest hedge fund managers with some $27 billion in assets under management, has filed for an initial public offering that will raise as much as $2 billion.

Citi has completed the acquisition of hedge fund and private equity firm Old Lane Partners, following regulatory approval. Old Lane will now operate as part of Citi Alternative Investments.

Rochdale Investment Management, a high net-worth investor and family office advisory, has launched its first registered fund of hedge funds.

RREEF Private Equity, a unit of the alternative investments business of Deutsche Bank Asset Management, has completed the acquisition of a minority stake in private equity boutique Aldus Equity.

Former Dresdner Kleinwort capital markets chief Joe Dryer is teaming up with a Swiss private bank to found an investment bank that will distribute hedge fund products and seed new hedge funds.

While the talent pipeline generally runs from investment banks to hedge funds, Lehman Brothers has lured a former banker back into the fold.

Lest anyone thought that the Bayou Group defrauded only its clients, a former investment adviser for the defunct hedge fund has admitted to swindling the federal government.

Following the near-collapse of two of its hedge funds, Bear Stearns is bent on “restoring investor confidence” and demonstrated its fervor by appointing Jeffrey Lane as chairman and chief executive officer of Bear Stearns Asset Management.