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NEW YORK -- BlackRock, Inc. (NYSE:BLK) and Quellos Group, LLC today announced that they have entered into a definitive agreement under which BlackRock...
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NEW YORK -- Alternative Investment Management, LLC ("AIM"), a New York-based independent investment management firm, announced today that it has appoi...
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NEW YORK -- BISYS, a leading provider of outsourcing solutions for the financial services sector, today announced that it has been selected by four fu...
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... order under section 9(c) of the Investment Company Act of 1940 (``Act''). Summary of Applicat...GP''); UBS Alternative and Quantitative Investment LLC (``UBS. Alternativve''); UBS Willow Management, L.L.C. (``UBS Willow''), UBS. Eucalyptus Manageme...
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JUNEAU, Alaska (HedgeWorld.com) - At its annual meeting this month, the Alaska Permanent Fund Corporation Board of Trustees approved approximately $400 million in allocations to two new alternative asset managers.
Lehman Brothers Alternative Investment Management LLC and Pacific Alternative Asset Management Co. will each manage $200 million in Alaska state pension funds, as part of the board's November 2005 decision to raise the Alaska Permanent Fund's absolute return allocation to 4%.
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Horizon Ramps up Executive Team
CHICAGO (Hedgeworld.com) - Horizon Cash Management LLC, the alternative investment cash manager, has hired a senior vice president of business development and has promoted a portfolio manager to vice president and senior portfolio manager, as the firm has reported strong asset growth during 2006.
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NEW YORK -- Citigroup Investments Corporate Loan Fund Inc. (the "Fund"), which is traded on the New York Stock Exchange under the symbol "TLI," announ...
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SANTA MONICA, Calif. (HedgeWorld.com) - Private equity and venture capital firm Summit Partners purchased a minority ownership interest in Coast Asset Management LLC, an alternative investment manager serving institutional and high-net-worth investors. Summit's US$126.8 million investment is approximately equal to a one-third stake in Coast.
Coast offers managed volatility hedge fund investments with a portfolio spanning four strategies: fixed income arbitrage, diversified credit spread investment opportunities, special situations investing and multi-manager funds of hedge funds. The firm was founded in 1991 and manages approximately US$5 billion of investor capital. Last year it began selling the Coast Core Strategies Fund, a privately offered fund of funds, in both leveraged and unlev...
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NEW YORK (HedgeWorld.com) - Alternative Investment Research & Technologies, an affiliate of Starview Capital Management LLC, has formed a partnership with the Center for International Securities and Derivatives Markets at the University of Massachusetts-Amherst and will manage and distribute the CISDM Hedge Fund Database.
In the arrangement, AIRT has the commercial rights to distribute the database, a function it takes over from Managed Account Reports, or MAR. The University of Massachusetts will continue to oversee distribution of data to academic settings.
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CHICAGO (HedgeWorld.com) - Jill A. King signed on as a portfolio manager with Horizon Cash Management LLC, a US$2.8 billion cash and risk management firm that works with alternative investment portfolios.
As the newest member of Horizon's four-person trading team, Ms. King will be responsible for the implementation of investment management strategies at the firm. She reports to Cary Musser, senior vice president and senior portfolio manager.