Monthly Archives: May 2009
Target’s activist shareholder to hold town meeting
Daily Times – Less than three weeks ahead of what’s expected to be a heated proxy contest at Target’s annual shareholders’ meeting, activist shareholder William Ackman aims to strengthen his case to investors for a new slate of directors by […]
How Is the New Hedge Fund Strategy ETF Doing?
Seeking Alpha – The innovators were out with guns blasting as they introduced an ETF that acts like a hedge fund. How has it been doing since the March 25 launch? This new ETF, established by Index IQ analyzes publicly […]
Silo Forges $100M Venture With Private Equity Players
GlobeSt.com – Locally based direct private lender Silo Financial Corp. has formed an alliance with a New York City-based private equity fund to concentrate on non-performing loans, says Silo founder Jonathan Daniel. The fund has earmarked $100 million "for opportunistic […]
Australia’s equity-based hedge funds post best returns in three years in March, Blackrock is top performing manager
Opalesque – The Australian Fund Monitor (AFM) released last week its “March Absolute Return and Hedge Fund Review” report which showed that the strong rebound in equity markets both in Australia and overseas saw equity-based hedge funds managed in the […]
Ex-Soros protégées said to be winding down hedge fund
Wealth Bulletin – Satellite Asset Management, a $2.8bn (€2.1bn) hedge fund established by former employees of billionaire George Soros, is winding down due to investor redemptions, Bloomberg said on its website late Friday, according to a Reuters report. The New […]
Skybridge invests in manager Wyetree
Reuters India – SkyBridge Capital, a firm that provides money for early-stage hedge funds, on Friday said it invested $50 million (33 million pounds) in WyeTree Asset Management Ltd, a London-based fund focused on distressed mortgage securities. WyeTree seeks out […]
Satellite Asset Management shutting down
Reuters India – Satellite Asset Management LP, a $2.8 billion (1.84 billion pounds) hedge fund founded by former employees of billionaire George Soros, is closing down because of client withdrawals, Bloomberg said on its website late Friday. The New York-based […]
Lipper: UK Hedge Funds led by Emerging Markets
West Palm Beach (HedgeCo.net) – UK-domiciled funds had a strong week to Friday May 8, led by global emerging markets products, according to data from Thomson Reuters research firm Lipper. Asia Pacific funds also performed well, as did funds investing […]
Man utilizes collection as economic ‘hedge fund’
Times Online – While many lose sleep over each twist and turn of today’s economy, New Jersey collector Ralph DeLuca has found a hedge against the recession in the musty memorabilia of Hollywood’s past. A former private investment consultant, DeLuca […]
Steel Partners opposes bid for Aderans stake
Reuters – U.S. hedge fund Steel Partners said it has urged shareholders of loss-making wig maker Aderans Holdings to reject an offer by Japanese private equity fund Unison Capital to buy Aderans shares. Japan’s Aderans said last month it supported […]
Battered Hedge Fund Managers’ Syndrome
Family Security Matters – Greed is good — until it gets in the way of a union-friendly restructuring deal. President Obama, generous recipient of Wall Street largesse, angrily derided a group of hedge fund managers this week as "speculators." The […]
US Hedge Funds Face Regulatory Tsunami, Report Says
New York Times Blogs – The biggest regulatory changes since the 1930s are bearing down on the U.S. securities and investment industry, and many firms are ill-prepared, according to a new study by research firm TowerGroup. From derivatives and hedge […]