Monthly Archives: April 2012
Jeffrey Sachs on the US economy: ‘It’s been an amazing ride for the rich’
New York (HedgeCo.net) – Jeffrey Sachs in conversation at the Guardian Open Weekend. Here, he discusses how globalisation has exacerbated income inequalities and the control over politics exerted by the rich, citing the Occupy movement which he describes as a […]
Investors Run Scared of Spain’s Battered Banks
Reuters – Spain’s banks are fast joining the ranks of the most unloved in Europe just as many need to raise capital urgently, deserted by investors who believe the country is on the brink of a recession that many lenders […]
Report: Re-engineer Mississippi River Delta to Protect Nation’s Economic, Ecological Assets
Building a series of engineered structures called diversions along the lower Mississippi River will yield tens of billions of dollars in net annual benefits to the nation and hedge against future disasters, according to a new report co-authored by 22 […]
Hedge Fund Advisor Whitebox Readies Push to Registered Investment Advisors
New York (HedgeCo.net) – Whitebox Advisors, the $2.3 billion (March, 2012) asset management firm founded and led by convention-defying money manager Andrew Redleaf, announced a partnership with third party marketing firm Havener Capital Partners LLC. Havener will spearhead the sales and marketing effort […]
Ex-Fannie CEO Mudd Quit Hedge Fund Rather Than Settle SEC Suit
Bloomberg – After the U.S. government snatched Fannie Mae from the brink of collapse in 2008 and forced out its chief executive officer, Daniel H. Mudd, he headed for the river. The 6-foot-4 former Marine, a onetime U.S. Olympic rowing […]
Donors split with Mitt Romney on gay marriage
Politico – Mitt Romney’s opposition to gay marriage, which helped endear him to conservative activists during the dog days of the presidential primary, puts him at odds with three of his most prominent donors, all of whom helped fund a […]
Telecom Hedge Fund Launch: Espial Capital Management
New York (HedgeCo.Net) Adam Gold, a former portfolio manager at Gilder Gagnon Howe & Co (GGHC), has launched Espial Capital Management, a Long/Shorty Equity Hedge Fund focused on identifying innovation and disruption in the global technology, media and telecommunication universe. […]
Over 1,000 Hedge Funds Launched In 2011
Seeking Alpha – There were 1,113 hedge fund launches in 2011, including 270 in Q4 – the highest annual total since 2007, according to Hedge Fund Research. A total of 775 funds liquidated in 2011, including 190 in the fourth quarter. […]
Ruling Moves Tribune Closer to Bankruptcy Exit
Reuters – Tribune Co., the bankrupt publisher of the Chicago Tribune and Los Angeles Times, moved closer to ending its three-year bankruptcy after a judge resolved lingering disputes about the order in which noteholders should be repaid. Monday’s [April 9] ruling by Delaware […]
New York-based hedge fund to vote against Telus share combination
Canadian Press – Telus Corp. is facing a challenge from a New York-based hedge fund that wants to stop the telecommunication company’s plan to create a single class of common shares. Mason Capital said Tuesday in documents filed with regulators that […]
Odey Still Backing BSkyB after Murdoch Resignation
Reuters – Pay TV group BSkyB has received the backing of Crispin Odey, one of its top shareholders and one of Europe’s most influential hedge fund managers, in the wake of last week’s high-profile resignation of James Murdoch as chairman. Mr. […]
European stock markets rocked by panic selling as debt crisis reignites
Guardian – Europe’s sovereign debt crisis exploded back into life on Tuesday, with markets across the continent rocked by a wave of panic selling amid renewed fears about the impact of savage austerity measures in Spain and Italy. The mood of uneasy calm […]