News

International private equity and real estate group Quinlan Private has completed fundraising for its first fund open to U.S. investors.

The $81.5 billion New Jersey Division of Investment is committing $1.4 billion to alternative asset management firms including private equity, hedge and commodity funds.

New York-based Jadeite Capital Investment Advisors is planning a long-only extension of its long/short offering and a research and trading office in Hong Kong.

The firm, the latest beneficiary of Triple A’s $25 million seed equity, has seen its Asia Pacific Absolute Return Fund return more than 17% in its first six months of trading after launching in June, according to founder Greg Jones. Through March, it is up over 8%.

The Blackstone Group’s new Asian event-driven shop plans to offer its first hedge fund in October.

UBS’ top commodities executive is leaving the firm to join a new hedge fund.

With its acquisition of Bear Stearns set to close this week, JPMorgan is losing another member of its investment banking management committee, this one to a major hedge fund.

The California Public Employees’ Retirement System has filled its top hedge fund post.

San Jose, Calif.-based Adobe Capital Partners is readying its first hedge fund for launch next month.

Convicted hedge fund fraudster Kirk Wright gave no indication that he was planning to end his life, officials said yesterday.

U.S. railroad giant CSX Corp. is imploring its shareholders to help it fend off a pair of activist hedge funds.