Monthly Archives: March 2006
Buffett blasts hefty fund fees –
Buffett blasts hefty fund fees USA Today – 45 minutes ago … He’s bearish on hedge funds and money managers who often charge hefty fees … offered similar pessimism about the high fees charged by many hedge–fund managers and … […]
HSBC launches distressed debt hedge fund
Reuters – HSBC Halbis Partners has this month launched a distressed debt hedge fund to exploit opportunities thrown up by an expected rise in corporate default rates this year. Analysts say the launch is probably the start of a trend […]
A look at long-short mutuals
San Francisco Gate – Reflecting the growing popularity of long-short mutual funds, Morningstar last week created a new category for them. Lipper will do so next month. These funds take some work to understand, but if you’re tired of the […]
Don’t hedge, start your own mutual fund
MarketWatch – “Remember the late 1990s, when all those twenty-five-year-olds were starting dot-coms and getting rich?” asks Dave Barry in his newest book, “Money Secrets.” That’s like “the boom going on with hedge funds now. Everybody is starting them. This […]
Fund firms expand with big-money products
Boston Business Journal – The mutual fund industry is quietly building a multi-billion-dollar business around its “big money” clients, rolling out a handful of products — hedge funds and other “private” investment pools — that often require minimum antes of […]
SEC: Gone Fishin’
New York Post – IT’S good to see that the U.S. Securities and Ex change Commission has come to its senses and that – at least for the time being – it won’t be enforcing the media subpoenas that have […]
Hedge funds cash in on rise in hostile bids
Reuters – Hedge funds are filling their boots on share speculation, as European hostile or unsolicited M&A bids reach a six-year high, fund sources say. Unsolicited bids are good news for share-speculation — the initial bid is typically rebuffed, increasing […]
Hedge fund adds two more nominees for Algoma board
The hedge fund that is wrestling for control of Algoma Steel has added two more names to its list of proposed directors for the steelmaker. New York-based Paulson & Co. said it has added its president, John Paulson, and Desjardins […]
SEC lawsuit accuses hedge fund investors of fraud
Chicago Sun-Times – The U.S. Securities and Exchange Commission claims in a lawsuit Thursday that an investment adviser placed investors’ money in a fraudulent hedge fund. The SEC filed the lawsuit against Sharon E. Vaughn and her investment advisory company, […]
Investors sue advisers to Wood River hedge fund
Reuters – An investor group led by Edison Fund Ltd. said on Thursday it sued attorneys, auditors and advisers for defunct hedge fund Wood River Partners LP, seeking to recoup $200 million that theysay is owed to them. The suit, […]
Hedgebay looks to match hedge fund buyers, sellers.
Reuters – Hedge fund investors can sometimes face daunting challenges, both getting into attractive funds or exiting funds with long “lock up” provisions in an industry that continues to growrapidly. But an increased number of restrictions is benefiting Hedgebay Trading […]
Wendy’s Gives Fund Three Seats
New York Times – In December, John T. Schuessler, the chief executive of Wendy’s International, declined to meet with the billionaire investor Nelson Peltz, who was pressing for major changes at the struggling company. Yesterday evening, Wendy’s announced that Trian […]