Monthly Archives: June 2014
Hedge Fund and ValueVision Shopping Network Settle Differences
NYT – After a seven-month battle, the activist hedge fund Clinton Group and the Internet and shopping network ValueVision Media have settled their differences. ValueVision announced a new chief executive officer and a new board of directors on Monday. Mark […]
Investors prefer high-quality hedge funds over high returns
BC – The majority of hedge fund investors are not looking for double-digit returns from their hedge fund investments. A Preqin survey finds that 67% of institutional investors look for annual returns between 4% and 6% while just 6% of […]
More Than One Hedge Fund Hacked In Sophisticated Cybercrimewave
New York (HedgeCo.Net) – An unnamed hedge fund was attacked by cybercriminals in 2013, causing them to lose millions of dollars and disrupting the firm’s high-speed trading, CNBC reports. Tech company BAE Systems reported the hack, saying “It’s pretty amazing, the […]
Alternative Investment Manager Infinity Capital Partners Offers the Infinity Core Alternative Fund Through Vivaldi Asset Management
As advisors increasingly seek to incorporate alternative investment strategies into their clients’ portfolios, one of the leaders in hedge fund of funds, Infinity Capital Partners, has partnered with Vivaldi Asset Management to offer a registered multi-strategy investment fund with a […]
Hedge fund contributions going mostly to GOP
SF Gate – Hedge funds, which barely existed two decades ago, are placing their chips mostly on Republican congressional candidates in the 2014 election. The numbers, collected by Washington’s Center for Responsive Politics, reflect the industry’s long march away from […]
US hedge fund billionaire to launch distressed debt IT
Investment Week – US hedge fund billionaire Marc Lasry is planning to launch a distressed debt-focused investment trust for the UK market in September, Investment Week understands. Lasry is expected to seed it with several hundred million dollars of his […]
ValueAct’s Ubben Has a New Target: His Hedge-Fund Peers
WSJ – Jeffrey Ubben, who runs one of the West Coast’s biggest hedge funds, styles himself as a friendly activist, one who works with companies behind the scenes rather than seeking to embarrass management. But there is one industry he […]
U.S. Entrepreneur Finds Success In China As Hedge Fund Industry Grows
Forbes – When Bartt Kellermann first launched a hedge fund consulting business in New York in 2002, China was barely a blip on the global investment map. A decade of growth has propelled its economy into the ranks of the world’s […]
Independence Resources Prevails in Miller Tabak Legal Proceedings
Independence Resources Plc (OTCBB: SNKTY) (the “Company”) is pleased to provide an update on the status of the lawsuit that was filed against the Company by Miller Tabak + Co., LLC. Miller Tabak + Co., LLC (MT) is a thirty year old institutional […]
SAC Affiliate Settles SEC Insider Trading Charges For $600 Million
New York (HedgeCo.Net) – The US courts have approved a $600 million fine to settle SEC charges that hedge fund advisory firm CR Intrinsic Investors participated in an insider trading scheme involving a clinical trial for an Alzheimer’s drug, Reuters reports. […]
Hedge Fund ‘Appraisal Arbitrage’ Strategy Faces Court Challenge
WSJ – One company is pushing back against hedge fund efforts to squeeze more money from corporate buyouts, a move that threatens to upend an increasingly popular investment strategy. A trial is under way this week between Ancestry.com Inc., the […]