Monthly Archives: March 2006
Hedge funds will vote against Novartis-Chiron deal
Reuters – A hedge fund that holds 9 percent of U.S. biotechnology company Chiron Corp.’s (CHIR.O: Quote, Profile, Research) shares on Thursday said itplans to vote against a planned acquisition by Swiss drugmaker Novartis AG (NOVN.VX: Quote, Profile, Research) next […]
Market grows skeptical about hedge funds’ impact
The Standard – A US$200 million (HK$1.56 billion) investment by The Children’s Investment Fund (TCI) in local property developer Chinese Estates Holdings this week is unlikelyto be the last foray into Hong Kong property stocks by the British-based hedge fund, […]
Hedge Fund Business Still Attracts Big Players
Forbes – Despite record numbers of hedge funds closing up shop last year, firms continue to be lured to the business. Earlier this week, Kohlberg Kravis & Roberts announced plans for a new distressed debt-focused fund, to be rolled out […]
Hedge fund and high-flier manager fined £1.5m
Guardian Unlimited – One of the City’s best known but most publicity-shy hedge funds and one of its top traders have been fined a combined £1.5m following a two-year investigation by the Financial Services Authority. The fines of £750,000 apiece […]
Funds That Play The Field
BusinessWeek – For nearly two decades, equity mutual funds have been boxed in. That’s because marketers have been packaging funds by investment styles such as small-cap value or large-cap growth at the behest of pension consultants and financial advisers who […]
Man Group says hedge-fund fraud a US phenomenon
Reuters.uk – Hedge-fund fraud has been rife in the United States because books are not valued independently and because the industry there was — until recently — unregulated, Man Group told Reuterson Wednesday. Hedge funds in the United States now […]
Hedge Funds Cross The Hudson
Forbes – In a deal that neatly encapsulates the last several years of real-estate history and points to some of the trends shaping today’s leasing market in the New York area, Citco Funding Service has agreed to a 15-year, 70,000-square-foot […]
Mergers and acquisitions record seen
Philadelphia Inquirer – After a strong start in January and February, investment bankers are predicting a record year for corporate mergers and acquisitions. The year has already brought Boston Scientific Corp.’s $27.2 billion acquisition of Guidant Corp. and the Walt […]
CLIMBING FOR CHARITY: HEDGE FUND PROFESSIONALS ATTEMPT MT. KILIMANJARO
BERMUDA, HAMILTON, March 2, 2006 – Robin Bedford, President of Dundee Leeds and Charles H. Dufresne, Jr., an attorney at Abbey Gardy, LLP are preparing to climb Mt. Kilimanjaro, the highest freestanding mountain in the world, on March 12-17, in […]
GMM hedge-fund head pleads guilty
San Diego Union Tribune – The head of a San Diego hedge-fund partnership that lost up to $60 million of investor funds pleaded guilty yesterday to tax evasion and conspiracy to commit mail fraud infederal court in San Diego. Marvin […]
Private eye to help search for hedge fund millions
Reuters – Investors, who funneled millions into an Atlanta hedge fund firm, will hire private detectives to help find a missing manager who has been accused of cheating clients out of $100 million ormore, a lawyer said on Tuesday. The […]
Record hedge-fund launches in 2005
MarketWatch – A record number of hedge funds launched and liquidated in 2005, suggesting that the industry remains buoyant but increasingly competitive, Hedge Fund Research said Tuesday. HFR, which tracks hedge-fund performance, said that 2,073 funds started last year, while […]