Checchi Capital Advisors is marketing its first institutional investment strategy, the Distressed Bond Opportunity.
The Securities and Exchange Commission is considering whether to allow registered investment advisers and broker-dealers to continue to be paid for soliciting government business on behalf of other advisers.
Jeffrey Gundlach, ceo of DoubleLine Capital LP, is already devising new ideas for investment strategies in addition to DoubleLine's debut strategies.
The CFA Institute has placed a heavy emphasis on risk disclosure in its revised Global Investment Performance Standards, which it announced late last month.
A year after its inception, GJ Investment Funds, an emerging manager from Flemington, N.J., is ready to go after institutional investors.
Portfolio managers say investors should look to invest in commodities, particularly energy and industrial metals, as market uncertainty remains.
Jeffrey Gundlach, ceo of DoubleLine Capital LP, is planning to liquidate his holdings in TCW’s Special Mortgage Credit Funds I and II and is launching two new funds.
A study released by Bank of America Merrill Lynch defined benefit pension consultants says a higher allocation to fixed income and implementing liability driven investments should be used for well-funded pensions and a higher percentage of equities should be used for less-funded sponsors.
Standard Life Investments' Global Absolute Return Strategies Fund has more than doubled its assets under management over the last 12 months as institutional investors have sought out alternatives to high volatility equity investments.
Alexander Zabik, a former managing director at BlackRock, is launching WestRiver Real Estate Finance Fund, a high yield fund. It is slated to close within the next few days and includes senior mortgage originations, mezzanine loans and other distressed assets across the country.
Quotient Investors, a New York based emerging manager, has launched an equity strategy that focuses on investing in companies with ESG, or environmental, social and governance factors.
Within private equity, secondary strategies had the best fundraising year in 2009, setting a new record of $17.8 billion, up 83% from 2008.
Breckinridge Capital Advisors is rallying pension funds and other institutional investors to invest directly in Build America Bonds through separate accounts.
Barrow, Hanley, Mewhinney, & Strauss, Inc. President James Barrow has told clients about plans to convert the Nevada corporation into a Delaware limited liability company. BHMS will merge with its parent company, Old Mutual Asset Management, and then become a newly created subsidiary under Old Mutual, named Barrow, Hanley Mewhinney & Strauss, LLC.
Consultants and plan sponsors expect to use active managers in niche areas such as emerging markets, small-cap or global equities, while domestic large-cap money is expected to continue to move to passive management.
Pension funds have recently started investing in infrastructure and clean energy as they attempt to get ahead of inflation.
Private equity investors expect 2010 to be a great vintage year and also expect an increase in capital calls..
The $116.5 billion New York State Common Retirement Fund became the most recent pension to invest in Hudson Clean Energy Partners' debut fund, giving the firm $100 million and prompting it to close the fund with $1.024 billion, exceeding its $1 billion fund target.
Executives and decision makers at pension funds have expressed dissatisfaction with monthly and quarterly reports they receive from their money managers, saying the biggest concerns are the lack of frequency of communication and errors in reports, according to a recent Chatham Partners survey.
Highland Capital, which has approximately $25 billion under management, is preparing to launch a new credit strategy which will begin trading early next year.
King’s Crossing Capital, the quantitative hedge fund firm led by former Ontario Teachers Pension Plan Portfolio Manager Richard Whelan, is likely to add more strategies to its range.
Pension plans are expected to put more money into hedge funds, specifically distressed, long/short equity, and macro strategies, according to a Banc of America Securities-Merrill Lynch research report.
The number of pension plans implementing liability-driven investing has nearly tripled in the past three years.
FX Concepts, the $7.8 billion New York currency manager, is launching a fixed-income fund internally last week--the firm's first single-strategy fund outside of its traditional area of expertise.
Amalgamated Bank plans to partner with Nuveen Investments to offer a Build America Bonds strategy to institutional clients beginning next month.
TCW has reportedly been in talks over issuing an initial public offering, as opposed to selling the business, according to money managers and investment bankers.
Yachtz Radcliff, formerly of Oppenheimer & Co. and the Maxim Group, is preparing to launch a long/short hedge fund with the majority of its holdings in U.S. alternative energy and infrastructure companies.
Michael Ruscetta, former co-head of Goldman Sachs' special-situations group in Toronto and senior staffer at Amaranth Advisors, has founded RCM Partners and launched its maiden hedge fund.
The Canadian finance ministry is planning to ease restrictions on how much federally-regulated businesses can contribute to their pension plans, Bloomberg reports.
Long/short hedge funds posted the highest returns in four years, according to the Credit Suisse Alternative Index Replication Indices.
Arrowhead Credit Research, an independent credit research firm that launched this month, will move into consulting soon.
GLG Partners has rolled out a long/short fixed-income fund focused on distressed investing in Europe.
Mellon Global Alternative Investments, which manages almost $600 million across four funds of funds, is focusing its marketing efforts on its $140 million Mellon Recovery Fund, a fund of funds that allocates to distressed debt managers.
Oppenheimer Capital has launched the Downside Capture strategy that is designed to generate positive returns in a down market, without eroding profits when the market goes up.
BNY Mellon Asset Servicing may launch a platform for securities lending that would allow lenders and borrowers to strike agreements directly with one other, effectively cutting out prime brokers.
Brownstone Asset Management is now offering investors monthly liquidity. Previously the Brownstone Partners Catalyst Master Fund, an event-driven high-yield and distressed credit strategy, had quarterly liquidity after a one-year lockup.
A group of executives from Argent Funds has formed Raven Rock Capital, a corporate credit relative value shop.
Baring Asset Management has stepped up marketing its emerging market equity strategy to U.S. institutional investors as the offering is set to reach its three-year track record at the end of the month.
Russell Investments has incorporated global climate change investing into its strategy by launching the OpenWorld Global Climate Change Fund with $35 million.
Martin Currie has added two new members of staff to its growing hedge-fund business.
Credit Suisse is reportedly having acquisition talks with Chicago-based Mesirow Financial.
The Securities and Exchange Commission should abandon a proposal to bar placement agents from acting as go-betweens when governments place pension funds with investment advisory funds, the trade association for the agents urged in an Aug. 27 letter to the agency.
GAM is preparing to roll out a distressed-focused fund of hedge funds on Sept. 1. It is the firm's first to focus on distressed managers, said Joseph Gieger, managing director in New York.
Ryan Schaper, who previously managed a portfolio at Farallon Capital Management, has formed Point Lobos Capital in San Francisco.
Private equity manager Aureos Capital, which specializes in investing in small- to mid-sized businesses in emerging markets, has raised $184 million at the final close of the Aureos Latin America Fund.
Fund of hedge funds firm Focus Investment Group is marketing its VIDRIO Financial Ltd., a wholly owned subsidiary, to institutional investors to provide transparency and better monitor underlying managers.
Ben Axler, formerly of Barclays Capital and Credit Suisse, has joined forces with AXA Financial veteran David Katona to set up Spruce Point Capital Management and launch a fund that they believe represents a new approach to long/short value investing.
Payden & Rygel Global is set to launch a series of currency hedged sovereign emerging market debt funds under its UCITS III offshore fund umbrella.
Barclays Global Investors has decided to shutter its Russell Top 200 Value Index fund, according to a memo to investors.
Blue White Alternative Investments, a London- and Helsinki-based investment management firm run by a team of PhDs, is working on a new fund that will seek to extract a third type of return from hedge fund investments--a return that is distinct from alpha and beta, but which has qualities in common with both.
Convergent Wealth Advisors is bolstering its institutional group after seeing a surge of interest from new clients, particularly non-profits, in the past few months, said Peter Dunne, managing director of the institutional group.
Alberta Investment Management, an investment firm that manages money for pension funds and endowments, is looking to make debt investments in the North American power sector.
Cadogan Management is working on a distressed opportunity fund of funds, which it hopes to launch by the end of the year.
Liontrust Asset Management has introduced the Liontrust European Absolute Return Fund.
MacKay Shields is shutting down its $3 billion equity business. The decision was announced in-house about two weeks ago, according to officials familiar with the firm.
New Jersey-based equity shop Thomson, Hortsmann & Bryant has shuttered its “smid”-cap equity portfolio.
Asset Management Finance, which provides financing to boutique asset managers in exchange for a limited-term revenue share interest, will concentrate on alternative and international firms under the new leadership of Brian Finn.
Connecticut-based Clearbrook Investment Consulting is gearing up to launch a discretionary investment offering in the next few months, and has tapped Eric Wood as managing director to spearhead the effort.
Federated Investors and London-based GML Capital have teamed up to market trade finance transaction investment vehicles to institutional clients.
Russell Investments has created its first Global Innovation Council, a 15-member team that will proactively develop products, services, processes and methodologies on behalf of its clients worldwide.