News

Epoch Investment Partners has hired Emily Baker as a managing director responsible for supporting the firm’s Global Absolute Return and Global Choice Products.

Absolute Capital Management Holdings is trying to stop the bleeding by blocking investors from withdrawing money from eight of its hedge funds, which in total manage $2.1 billion.

The $34 billion Pennsylvania State Employees’ Retirement System last week approved six private equity commitments totaling some $181 million. 

JPMorgan Hedge Fund Services has gained ground in the increasingly competitive world of fund administration by winning a contract to handle Financial Risk Management’s fund of funds accounts.

Barclays Private Equity has closed its third European mid-market buyout fund, Barclays Private Equity European Fund III, with total commitments of €2.4 billion ($3.3 billion).

Stoking rumors that it is preparing to go public, Chicago hedge fund giant Citadel Investment Group has hired Goldman Sachs’ head of investor relations.

The $80 billion Ohio Public Employees Retirement System is revamping its $13 billion healthcare fund to include a 5% allocation to private equity.

During its July meeting, the system’s investment committee decided to shift its allocation to a 60% equity plus alternatives and 40% fixed income mix.

Move over mutual funds, here come 130/30 plans. According to a study just released by TABB Group, growth in actively-managed U.S. equity mutual funds will remain flat at 3%, while assets in active-extension funds such as 120/20 or 130/30 vehicles will explode from $140 billion in 2007 to nearly $2 trillion by 2010, a 141% annual increase.

Private equity giant Thomas H. Lee Partners has become the latest alternatives firm to make a run at the troubled credit markets with a new offering.

Emerging markets has been the top-performing strategy among hedge funds this year, and an awful August hasn’t changed that.