I completely forgot to post today, I had a bunch of stuff lined up so I'll just do a summary here.

*Geologist Mike Keenan will launch his maiden hedge fund, the Stowe Georesource Fund, a multi-directional natural resource-focused equity vehicle. The fund is set to launch with $1 million in partner capital and is working with a marketing agent to secure another $20 million to $25 million shortly after launch, according to Keenan.

*Sybase Inc. and Quant House announced a strategic alliance to jointly deliver a solution for algorithmic trading strategies for back testing and regression testing for hedge funds and other financial services organizations.

*The New Jersey Division of Investment is aiming to allocate a total of $625 million to two funds of hedge funds and three single-strategy managers, and a total of $325 million to four private equity funds this year.

More of todays news at http://hedge-fund-news.blogspot.com/
Good commentary here at the Kingsland Report.