News

U.K.-based Thames River Capital this month launched new share classes for its Warrior and Warrior II hedge funds, which made double-digit gains last year.

U.K.-based Monte Cristo Capital this month seeded a new special-situations hedge fund that will make tactical investments in global macro and distressed events. The firm invested about US$3 million in the Monte Cristo Special Situations Fund.

F&C Alternative Investment has unveiled a European long/short fund, its third hedge fund offering in the past year.

London-based Laven Partners is prepping a best-ideas fund of boutique hedge funds for launch in March.

A British hedge fund group has proposed sharper standards for the industry, including a watchdog to oversee compliance with the new voluntary guidelines.

Bayou Group co-founder James Marquez has been sentenced to more than four years in prison for his role in the hedge fund fraud.

It’s official: Bank of New York Mellon has completed the acquisition of ARX Capital Management, a Rio de Janeiro, Brazil-based hedge fund that has more than US$2.8 billion in assets under management.

Ventizz Capital Partners, a private equity firm focused on small- and middle-market deals in Germany, Austria, Switzerland, Luxembourg and Liechtenstein, has closed its fourth fund with €455 million (US$653 million) in capital commitments.

Fairfield Greenwich Group, the $16 billion New York-based hedge fund, has liquidated its Fairfield Parabolic Partners Fund, a multi-strategy arbitrage offering.

A source with knowledge of the situation said the principals of Parabolic Partners Capital Management–the sub-advisor to the fund–decided to close shop last month despite the fact that the fund had positive performance since inception.

A pair of activist hedge funds have reiterated their demand for representation on French information technology company Atos Origin’s supervisory board.