Hedge Funds Review – Dubai-headquartered private equity group Abraaj Capital has announced the launch of an independent asset management business that will invest in the Middle East, North Africa and South Asia (Menasa). Menasa Capital Management launched with $350 million […]

Opalesque – FRM Capital Advisors (FCA), the hedge fund seeding division of Financial Risk Management (FRM), and Sensato Capital Management LLC (Sensato) have formed a strategic relationship which involves FCA investing up to US$50 million with Sensato. Sensato was founded in […]

Emii – Two staffers have or are due to leave the Securities and Exchange Commission for compliance positions in the hedge fund industry. Fortress Investment Group has hired Andrew Walsh, at present an accountant with the SEC’s New York examination […]

Bloomberg – OGI Capital Partners Ltd. hired Marcus Blomberg, a former fund manager at Alfred Berg Asset Management AB, as a trader to help expand its global macro fund. Blomberg, 35, will join the firm next month and report to […]

Bloomberg – Solaris Asset Management, co-founded by the former head of equities derivatives at Oversea-Chinese Banking Corp., is starting a hedge fund with money from investors in China. The Solaris Capital SPC Equity Arbitrage Fund will start trading with S$30 […]

Reuters – Seneca Capital, a hedge fund that owns about 9.3 percent of Dynegy’s shares, on Thursday said it believes Blackstone Group’s price to buy the struggling power company is too low, joining billionaire investor Carl Icahn in opposition to […]

Bloomberg – Orix Corp., a Japanese financial services company, aims to double assets managed by the U.S. hedge fund it is buying within five years to more than $20 billion to capitalize on rising demand from pension funds. Orix USA […]

Herald Tribune – The latest salvo from U.S. attorneys comes in response to a claim by Nadel’s federal defenders that his hedge-fund partners, Neil and Christopher Moody, were key to setting up and attracting investors to the Sarasota-based funds. While […]

Bloomberg – Och-Ziff Capital Management Group, the hedge-fund firm run by Daniel Och, won a lawsuit against a London investment adviser and its founder to block the use of the Och name. OCH Capital LLP and Thomas Ochocki infringed the […]

Bloomberg – Avenue Capital Group, the hedge fund run by Marc Lasry, plans to raise a fund to buy different types of credit by selling shares to the public, a first for the firm. The firm has hired Randy Takian from Morgan […]

Forbes – Three years ago Randy Lerner, the billionaire owner of the Cleveland Browns football team, invested $40 million in a new hedge fund based in New York. Lerner thought it was the right call. His investment, he later claimed, […]

News Review – A New York hedge fund executive is behind the television ads aimed at defeating U.S. Rep. Peter DeFazio. The ads delighted Robinson, infuriated DeFazio and brought national attention to the race and the fallout from a U.S. […]