Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
2 Serengeti Isolates Bankruptcy Book 2 Hutchin Hill Adds Marketing Muscle 2 Fund to Focus on European Debt 3 Pine River Crafts Forex Fund 3 Family Office Taps Endowment Exec 3 Upstart Signs Ex-UBS Quant Pro 3 Clock Ticking for Fee Discount 4 Ex-Goldman Banker Launches Fund 5 Artigent Preps Quant-Equity Offering 5 Gorelick Preps Fund of Debt Funds
THE GRAPEVINE
Healthcare-stock specialist Michael Chiou is on his way from Diamondback Capital to Israel Englanders Millennium Management, where hell fill a similar role as a portfolio manager. The timing of the move is unclear. At the $16.5 billion Millennium, he apparently will work separately from portfolio manager Nadav Hazan another ex-Diamondback staffer who joined the New York firm last month with a focus on healthcare stocks.
Arden Asset Managements global head of
client services and client development is no longer with the firm. Managing director Coby McDonald left the New York fundof-funds manager in recent weeks. His destination couldnt be learned. McDonald joined Arden in April 2011, following a stint at fund-of-funds manager Permal
Group.
Executive-search firm Wall Street Options has added three managing directors. Hugh Callaghan now leads business development
See GRAPEVINE on Back Page
Hedge Fund
ALERT
tal for a credit-focused vehicle it set up last year. That vehicle, Hutchin Hill Liquid Credit Fund, launched with a $100 million seed investment from an unidentified U.K. pension system. Sarkar, who has spent nine years as a fund marketer, joined Hutchin Hill as a product specialist. Walker, with six years of marketing experience, is focusing on investor relations. Steinbergs resume also includes a stint at Highbridge, as well as positions at Citadel and Black River Asset Management.
Hedge Fund
ALERT
Unless your company holds a multi-user license, it is a violation of U.S. copyright law to photocopy or reproduce any part of this publication, or forward it electronically, without first obtaining permission from Hedge Fund Alert. For details about licenses, contact JoAnn Tassie at 201-234-3980 or jtassie@hspnews.com.
Hedge Fund
ALERT
portfolio. He previously headed a global property group at UBS OConnor and was a partner at OConnor Colony Property Strategies, a long/short real estate-equity operation run via a joint venture with Colony Capital. Balyasny hopes to bring that vehicle in-house in the near future. Balyasny also added dedicated short selling to its coverage areas in December by hiring former Walker Smith Capital staffer Neal McConnell. It additionally has brought in personnel to oversee new utility stock, event-driven, European consumer stock, European financial stock and REIT portfolios and has fortified some existing teams. All told, the firm has 177 employees. Atlas Global has turned a profit every year since its 2002 inception, with low correlation to the S&P 500 stock index.
Still Receiving Hedge Fund Alert the Slow Way? You can switch to e-mail delivery and get the lowdown on the alternative-investment business the moment its published, every Wednesday morning. The subscription price is the same for delivery by e-mail or snail-mail. Switch to e-mail delivery by calling 201-659-1700.
Hedge Fund
ALERT
Hedge Fund Alert, the weekly newsletter that keeps you a step ahead in the highly secretive alternative-investment business.
You can also start your free trial at HFAlert.com, or fax this coupon to 201-659-4141. To order by phone please call 201-659-1700. Or mail to: Hedge Fund Alert, 5 Marine View Plaza, #400, Hoboken, NJ 07030.
Hedge Fund
ALERT
Service providers Prime broker: Wells Fargo Law firm: Cole-Frieman & Mallon Administrator: ALPS
Commodities
Prime brokers: ABN Amro and ADM Investor Services Law firm: Schwartz Auditor: Grant Thornton Administrator: Trident
Oct. 2012
Pine River Relative Value Currency Fund Domicile: U.S. See Page 3
Jan. 15
To view all past Latest Launches entries, visit The Subscribers section of HFAlert.com
us
8th Annual
Hear Directly from the Sources on Fee Pressure, Due Diligence, Investors Going Direct and Corporate Governance
HEAR ALLOCATION TRENDS FROM GLOBAL INVESTORS STAY RELEVANT AMIDST FEE PRESSURE AND
PERFORMANCE CHALLENGES
LEARN HOW TO MAXIMIZE THE DUE DILIGENCE MEETING
EVENT PARTNERS
www.iglobalforum.com/distressed4
www.gaimopscayman.com
Hedge Fund
ALERT
THE GRAPEVINE
... From Page 1
and marketing at the New York firm. He previously handled marketing at fund manager Dickstein Partners, and before that was at Emerald Capital and Dalton Kent. Meanwhile, Charles Rauch signed on to recruit operational professionals for asset managers and investment banks. His former employers include Blackstone unit GSO Capital, along with
in New York. He is best known as the former chief executive of fund-of-funds operation Cadogan Management, which was sold to Cantor in 2011. Trader Phil DeFrancesco parted ways with Millennium Management this month for undisclosed reasons. DeFrancesco had been on board since 2002, with a focus on U.S. stocks. Equity trader Derek Wallis left Soros Fund Management last month, after 13 years at the New York firm. Wallis is expected to take a job at a startup fund operator. At Soros, he concentrated on stocks in the U.S. and Latin America. Stock analyst Alex Adamson has left Lee Ainslies Maverick Capital, after nine years covering industrial-company stocks at the Dallas fund manager. Hes set to join an undisclosed family office in San Francisco this month. Startup fund manager LL Capital has installed a chief financial officer. Jeff Rose joined the New York firm on Feb. 5, after working in a similar capacity at quantitative-investment shop TrexQuant for about
a year. For three years before that, Rose managed investments at fund-of-funds operator GAM. LL Capital, which focuses on European stocks, plans to launch its debut fund on May 1. The firm was founded last year by former Weiss MultiStrategy Advisers team leader Matthew
Goldsmith.
DiMaio Ahmad Capital, CarbonBased Consulting and Tiger Management. Also new is Ross McMeekin, who recruits sales
and trading professionals. He previously headed equity-derivative sales at Weeden & Co, following stints at BGC Partners, Pali Capital and Bloomberg.
John Trammell is now a member of the advisory board at Tiedemann Investment
New York lawyer Mauro Viskovic has started his own practice, called Viskovic, with a focus on managers of private investment vehicles. Viskovics work includes advising on fund launches, compliance, business combinations and related commercial, financial and employment-related matters. He previously was a partner at Kranjac Manuali &
Viskovic.
of New York. The role involves helping to steer the business strategy of Tiedemann and fund managers backed by the firm. Trammell arrived this month, following his January departure as co-head of Cantor Fitzgeralds fledgling alternative asset-management business TO SUBSCRIBE
Director McCall Cravens left Southern Methodist Universitys Dallas-based investment team last month to join charitable organization Schusterman Family Foundation. At Southern Methodist, Cravens helped run a $1.2 billion portfolio that includes $270 million of hedge fund stakes. Its unknown whether the Washington-based Schusterman Foundation currently invests in hedge funds.
www.HFAlert.com
E-mail: info@hspnews.com
201-234-3976 hkapiloff@hspnews.com 201-234-3985 mburns@hspnews.com 201-234-3996 rortega@hspnews.com 201-234-3982 james@hspnews.com
YES! Sign me up for a one-year subscription to Hedge Fund Alert at a cost of $3,697. I understand I can cancel at any time and receive a full refund for the unused portion of my 46-issue subscription. DELIVERY (check one): q E-mail. q Mail. PAYMENT (check one): q Check enclosed, payable to Hedge Fund Alert. q Bill me. q American Express. q Mastercard. q Visa. Account #: Exp. date: Name: Company: Address: City/ST/Zip: Phone: E-mail: MAIL TO: Hedge Fund Alert 5 Marine View Plaza #400 Hoboken NJ 07030-5795 www.HFAlert.com FAX: 201-659-4141 CALL: 201-659-1700 Signature:
Andrew Albert Publisher 201-234-3960 andy@hspnews.com Daniel Cowles General Manager 201-234-3963 dcowles@hspnews.com Thomas J. Ferris Editor 201-234-3972 tferris@hspnews.com T.J. Foderaro Deputy Editor 201-234-3979 tjfoderaro@hspnews.com Ben Lebowitz Deputy Editor 201-234-3961 blebowitz@hspnews.com Dan Murphy Deputy Editor 201-234-3975 dmurphy@hspnews.com Michelle Lebowitz Operations Director 201-234-3977 mlebowitz@hspnews.com Mary E. Romano Advertising Director 201-234-3968 mromano@hspnews.com Josh Albert Advertising Manager 201-234-3999 josh@hspnews.com Joy Renee Selnick Layout Editor 201-234-3962 jselnick@hspnews.com Barbara Eannace Marketing Director 201-234-3981 barbara@hspnews.com JoAnn Tassie Customer Service 201-659-1700 jtassie@hspnews.com Hedge Fund Alert (ISSN: 1530-7832), Copyright 2013, is published weekly by Harrison Scott Publications Inc., 5 Marine View Plaza, Suite 400, Hoboken, NJ 07030-5795. It is a violation of federal law to photocopy or distribute any part of this publication (either inside or outside your company) without first obtaining permission from Hedge Fund Alert. We routinely monitor forwarding of the publication by employing email-tracking technology such as ReadNotify.com. Subscription rate: $3,697 per year. Information on advertising and group subscriptions is available upon request.