News

Threadneedle Asset Management is readying a UCITS III-compliant version of its U.K. long/short equity hedge fund.

Frontier Capital Management has hired a new portfolio manager and senior analyst and promoted a partner to head its intermediary business.

Private bank Sal. Oppenheim has sold its French fund of hedge funds business to Olympia Capital Management.

The former heads of Polygon Investment Partners’ largest hedge fund have struck out on their own, raising US$100 million for their new fund despite the troubles of their old.

The European Special Situations and Distressed Credit Fund will invest with the expectation that an economic slowdown will make refinancing distressed debt difficult.

A pair of investors was awarded nearly $13 million by arbitrators in their case against Bernard Madoff feeder fund mogul J. Ezra Merkin.

Tara Bryson and her boyfriend, Michael Hearl, were arrested in July and charged with running “a complex marijuana cultivation operation capable of producing a marijuana crop year round.

The Brilla Group, which focuses exclusively on investing in high-end beachfront hotels and resorts, recently launched its first private equity fund.

Hedge fund Charlemagne Capital reported lower first-half earnings on lower assets under management, but said that investors have begun to return to the firm over the past two months.

Patricia Cohen, the ex-wife of SAC Capital Advisors founder Steven Cohen, is in the midst of her second bad break-up with a lawyer.

Stenham Asset Management is buying one of the oldest fund of hedge funds shops in Europe in a move that will increase its own assets under management by more than 10%.