Monthly Archives: May 2008
Paulson hedge fund to support Icahn’s plan for Yahoo!
West Palm Beach (HedgeCo.Net ) – Merger arbitrage guru John Paulson and his $30 billion hedge fund are supporting a dissident board slate that was brought forth on Thursday by investor Carl Icahn, though he’s hoping it won’t resort to […]
With Sprott, the funds may be the best bet
ReportonBusiness.com – Money managers around this country will have enjoyed a moment of catty glee yesterday when Sprott Inc. shares traded down slightly off its initial public offering. Investment types are even more envious than the rest of us when […]
JPMorgan to close or spin-off Bear funds
Reuters – JPMorgan Chase expects to liquidate or spin off much of the asset management arm of Bear Stearns after it takes over Bear next month, people familiar with the situation said Thursday. Bear Stearns Asset Management (BSAM), which during […]
Hedge funds gain in April, but earlier losses remain
Blackenterprise.com – Resurgent long/short equity hedge funds helped the Credit Suisse/Tremont Hedge Fund Index to a 0.57% return for April, though drawdowns from earlier months continued to weigh on the index, which remained at negative 1.45% for the year. "Despite […]
SkyBridge Capital unveils global hedge fund seeding platform with Australia’s Challenger
HedgeWeek – New York-based SkyBridge Capital, which provides strategic capital to new and early-stage hedge funds, and Australia’s Challenger Financial Services Group have announced a long-term strategic relationship to launch the first global institutional hedge fund seeding and alternative investment […]
Ex-Mayor That Ran Hedge Sent to Jail
HedgeFund.Net – As a onetime mayor, Lee Skierkiewicz parlayed his standing in the community—a Cincinnati suburb named Loveland—into his next venture, a hedge fund named Prima that Skierkiewicz set up with the intention, he claimed, of making money for the […]
Emerging markets buyout funds on course for record
Reuters – Investors continued to pour money into emerging markets private equity between January and April, raising $25 billion (13 billion pounds) and on course to top last year’s total despite a downturn in developed markets, a report revealed. The […]
Vaalco sues investors, alleging misleading tactics
CNNMoney.com – Vaalco Energy Inc. is suing its largest shareholder, alleging it and another company violated securities laws in a bid to gain seats on the independent oil producer’s board. The lawsuit, filed Tuesday in the U.S. District Court for […]
City keeps keen eye on hedge suit
Boston.com – The city’s Retirement Board is monitoring a lawsuit filed against an Asian hedge fund that went under, hoping it can recoup some of its own money invested in the fund. The Brockton Contributory Retirement System three years ago […]
Hedge firm Absolute Capital to demerge Argo unit
Reuters – Absolute Capital Management plans to demerge its emerging market credit fund business Argo Capital to disassociate it from the European hedge fund firm’s recent problems, Absolute said on Wednesday. Absolute Capital said it would apply for Argo’s shares […]
Hedge funds can play ‘hero’ role in market restoration
FT Advisor – Hedge funds can play an important role in helping markets to function properly again during times of financial turbulence, according to BH Macro. Speaking at a recent roundtable on hedge funds and the credit crunch, Ian Plenderleith, […]
Dimon rescues 50% of Bear staff
New York Post – Jamie Dimon’s been able to find Wall Street jobs for about half the payroll being axed when his JPMorgan Chase takes over crippled Bear Stearns next month. Dimon gave a progress report yesterday on his acquisition […]