News

While many fund managers are slogging it out in what some say is the toughest capital raising environment in decades, one Stamford, Conn.-based firm doesn’t seem to have any trouble finding willing investors.

Alternative asset management firm Aladdin Credit Partners has recently raised a whopping $573 million for its initial credit opportunities funds.

The New York-based hedge fund giant saw all four of its funds post gains last month. The last time any of them saw any red ink was last February.

Soros more than doubled its bet on the precious metal in the fourth quarter, according to a regulatory filing.

Broker-dealer SecureVest Financial Group has teamed up with software firm AIM-TO to launch a mini-prime brokerage firm.

Cheyne Capital is planning a UCITS III-compliant merger arbitrage hedge fund.

A federal bankruptcy judge has sided with the receiver in the Bernard Madoff case, approving Irving Picard’s methodology for determining  who will get what’s left of Madoff’s once-$17 billion empire.

Despite word last week that European lawmakers were nearing a compromise on the European Union’s controversial hedge fund rules, their adoption remains no sure thing, the Spanish government warned.

Equity long/short funds added 1.11% last month, but it was the only strategy in the black.

RWC Partners has carved a niche for itself as a major manager of UCITS III-compliant hedge funds, and the London-based firm has no intention of giving that up as UCITS funds become big business.

Sanjiv Sawhney, who returns to the firm after a two-year stint at JPMorgan Chase, was named global head of fund services.