News

Prisma Capital Partners has won the first-ever fund of hedge funds mandate awarded by Denver’s public pension plan.

Add Martin Currie to the list of firms rushing to put out UCITS III-compliant hedge fund products.

A Russian opposition party is taking demands for justice for Hermitage Capital Management lawyer Sergei Magnitsky to the doorstep of one of the police officers alleged to have wrong him. Literally.

Harbinger Capital Management’s illiquid assets lost a whopping 10% last month.

The Blackstone Group has raised the biggest new buyout fund since the beginning of the financial crisis.

Traxis Partners may join the UCITS III bandwagon.

Three of New York City’s five public pension funds are mulling their first allocations to hedge funds.

The city’s Comptroller issued a request for proposals for the New York City Employees’ Retirement System and the pension funds for the city’s police department and fire department, seeking a hedge fund investment consultant. The move comes after the pensions fired six managers due to poor performance this year.

A federal judge will next week hear arguments about the fate of the wiretaps at the heart of the insider-trading case against Galleon Group founder Raj Rajaratnam.

Japanese institutional investors—particularly pension funds—are becoming more comfortable with hedge funds. And hedge fund Finnowave Investments is doing its best to make them more comfortable with it as it hopes to quadruple its investments.

A Cargill-owned hedge fund is opening its long/short commodity equities fund to outside investors, hoping to raise almost $200 million.