Monthly Archives: May 2009
S&P Research Arm Bought By Hedge Fund Provider
West Palm Beach (HedgeCo.net) – Hedge fund research provider, Guidepoint Global, LLC, has acquired tech and media company, Vista Research, Inc. from Standard & Poor’s. “In the current economic climate, investors and business decision makers are increasingly seeking on-demand […]
Steel Partners forges ahead with fund conversion
Reuters – Warren Lichtenstein’s Steel Partners LLC is forging ahead with a controversial plan to convert its flagship hedge fund, Steel Partners II, into a publicly traded holding company in the face of opposition from shareholders calling for liquidation. The […]
Yen Drops as Report Says N. Korea Launched Short-Range Missile
Bloomberg – The yen declined to a two-week low versus the euro and weakened against the dollar after Yonhap News said North Korea launched a short-range missile, posing a threat to the region’s security. South Korea’s won fell for the […]
Draft EU law on hedge funds needs rewriting, says association
EurActiv.com – The European Commission’s draft directive on hedge fund regulation is potentially ambiguous and needs to be rewritten, an industry body said on Friday (22 May). "The particular problem with the draft directive […] is that it is written […]
Cahill ally brokered pension fund deal
Boston Globe – He is a close political ally and prodigious fund-raiser for state Treasurer Timothy P. Cahill. When a blue-chip New York financial firm was trying to persuade Cahill and his staff to award it a lucrative contract to […]
Tel Aviv Conference to Serve as International Economic Collaboration Platform
West Palm Beach (HedgeCo.net) – The organizing committee of The International Organization of Securities Commissions (IOSCO) is to host more than 500 of the leading securities regulators and economic experts from more than 65 countries at this year’s conference in […]
SEC Goes After Hedge Fund Managers
Courthouse News Service – Hedge fund operates took more than $2.5 million in kickbacks while putting clients into grossly overstated Wealth Management LLC accounts, the SEC claims in Federal Court. It sued the hedge fund, its managers James Putman and […]
Hedge Fund Mgr Schoenfeld Backs Icahn/Eastbourne Amylin Slate
CNNMoney.com – A major shareholder of Amylin Pharmaceuticals Inc. ( AMLN) is backing a slate of dissident directors nominated by Carl Icahn and another hedge-fund manager, Eastbourne Capital Management. P. Schoenfeld and Associates, which owned 2.1 million Amylin shares as […]
Horlick fund posts defence against rebels
The Independent – Bramdean Alternatives Ltd, the investment fund started by Nicola Horlick, said it shouldn’t be wound up, as proposed by one of its largest investors. Elsina Ltd, a British Virgin Island-registered investment company controlled by UK property investor […]
Hedge-Fund Harpies Crave Birkins, Steal Husbands; Psycho Critic
Bloomberg – It is a truth universally acknowledged that a hedge-fund wife whose fortune takes a dive will be looking for a wealthier husband. Tatiana Boncompagni, after all, says it’s so in her frothy novel “Hedge Fund Wives.” Her Upper […]
Hedge Fund Insurance Costs Rise as Lehman, Madoff Spur Scrutiny
Bloomberg – The cost of insuring hedge funds against negligence has risen as much as 20 percent in the past six months after Lehman Brothers Holdings Inc.’s bankruptcy and Bernard Madoff’s Ponzi scheme increased the threat of lawsuits. A fund […]
Steven Soderbergh on hookers and hedge funds
St. Louis Post-Dispatch – For his 20th feature film, “The Girlfriend Experience,” director Steven Soderbergh has returned to a theme he explored in his breakthrough “sex, lies and videotape”: infidelity. Yet the Oscar-winning director of “Traffic” and blockbusters such as […]