London law firm Kaye Scholer is urging European managers to seize the opportunities available to them under the Term Asset-Backed Securities Loan Facility ("TALF") by launching new funds as soon as possible.

Healthcore Management, King Street Capital Management and Paulson & Co. are the nominees for AIN sister publication Foundation & Endowment Money Management’s Hedge Fund Manager of the Year award—one of three alternatives categories.

Simon Mullaly, an ex-head of distressed trading at Deutsche Bank in London, is working on launching a credit investment boutique along with Lars Lemonius, an ex-Morgan Stanley portfolio manager in London.

Aramid Capital Partners is hosting a charity cricket match on Monday, at the Honourable Artillery Company in London.

Alessandro Dal Cin, formerly a director in equity derivative sales to hedge funds in London for Citigroup, has joined Newedge’s equity derivatives broking team.

Omega Asset Management, the $700 million London fund of funds shop that is an offshoot of a Madrid family office, has rolled out the Turaco Purest Alpha Fund, a portfolio of 25 hedge funds that seeks to be entirely uncorrelated.

London law firm Kaye Scholer is urging European managers to seize the opportunities available to them under the Term Asset-Backed Securities Loan Facility ("TALF") by launching new funds as soon as possible.

Headline Capital Management, a Charlotte, N.C., quantitative hedge fund firm, has today rolled out its third fund, the Headline Mercury Fund.

GLG Partners has made its first move to offer hedge fund strategies via the Ucits structure by launching the GLG Pure Alpha (Ucits III) Fund.

Security Global Investors has launched a new long/short commodities fund and is considering future funds in distressed debt, long/short real estate, private equity and clean technologies.

Godvig Capital Management, the Luxembourg hedge fund firm focused on Iraq, is planning to soft-close its flagship Babylon Fund when it hits $40 million.

RD Legal Capital, which manages a hedge fund focused on litigation financing, is seeking money from foundations, endowments and pensions as it hopes to raise assets to $200-400 million.

Cedar Ridge Partners is seeing the most investor interest for the Forward Long/Short Credit Analysis Fund—the mutual fund spin-off of its municipal bond hedge fund, the Cedar Ridge Investors Fund—despite the fact that its hedge fund is up more than 40% year-to-date.

Amsterdam-based Antaurus Capital Management has lifted the lid on some of the recent short plays undertaken by its Antaurus Europe Fund—including some that cost the firm money.

Long/short equity technology-focused hedge fund ChipInvestor Group is in buying-mode, staying 80-90% long with its only shorts being hedges.

For its long book global healthcare firm Arcoda Capital Management is sticking to companies it believes will not be affected no matter what healthcare reform the U.S. Congress decides upon later this year—those which produce “orphan” drugs, or drugs developed specifically to treat a rare medical condition.

T.I.P. Wealth Manager, a C$60 million Toronto firm focused on North American equities, has adopted a ‘barbell’ approach by emphasizing cyclical stocks in the energy, materials and technology sectors while keeping a large proportion of its remaining assets in cash.

Meadowbrook Capital Management is changing tack in marketing its Meadowbrook Beta Neutral Fund.

Altis Partners, the $1.3 billion Jersey CTA firm, is planning to open an office in either Hong Kong or, more likely, Singapore by the end of the year.

Newly-formed OPVS Group in Singapore is zeroing in on a private debt fund and a long/short public credit strategy.

Griffin Capital Management, the London and Gibraltar firm focused on European long-only and long/short equity strategies, is registering its funds in Switzerland in an attempt to boost its prominence with investors there.

Tokyo-based Myojo Asset Management is looking for a seeding firm to invest $50 million in its recently launched Myojo Super Cycle Long/Short Fund.

The Royal Borough of Kingston upon Thames Pension Fund is considering its first move into alternatives.

The £541 million ($802 million) London Borough of Lambeth Superannuation Fund is planning to tap new managers for private equity and real estate.

The $800 million Tulare (Calif.) County Employees Retirement Association has bolstered its allocations to private equity and hedge funds.

The University of Southampton Non-Academic Staff Pension Scheme looks likely to make a move into alternatives this year in the hope of boosting its returns.

Secondary transfers of entire investor hedge fund interests are slowing down and will become rarer as liquidity returns, according to Adam Gale, member of the private investment funds group at Orrick, Herrington & Sutcliffe.

As hedge fund managers come under five about fiduciary responsibility, they are turning their backs on side letters which give one party an advantage and put other investors at a disadvantage by dictating different terms than the fund's standard offering documents.

"For funds of funds to succeed they are going to have to change the way they do business," particularly if they are to attract money from larger investors, believes Brian Altenburg, a managing director in alternative investment asset management at Bank of America.

Hedge funds, pension funds and asset managers have been increasingly turning back to using property derivatives in Europe over the past few weeks as they develop a more positive outlook on the real estate market, identifying areas of dislocation for trading.

Despite increased hedge fund regulation, other parts of the reform package may not be entirely negative for the industry, according to Jill Whitelaw of law firm Montgomery McCracken.

Gottex Fund Management sued hedge fund firm Stewardship Investment Advisors, accusing Stewardship of preventing Gottex from redeeming more than $100 million from the Stewardship Credit Arbitrage Fund...