Monthly Archives: June 2011
Katia Coudray Cornu appointed Head of SYZ Fund Research
The Swiss banking group SYZ & CO announced today the appointment of Katia Coudray Cornu as Head of SYZ Fund Research, its funds analysis and manager-selection department. The mission of SYZ Fund Research is to identify new themes and emerging […]
Paulson Push for Lehman Trades Disclosure Meant to ‘Intimidate,’ Banks Say
Bloomberg – Hedge fund Paulson & Co.’s bid to force Lehman Brothers Holdings Inc. creditors to disclose trades in the defunct firm’s debt is a “fishing expedition” meant to “intimidate,” according to debt holders such as Bank of America Corp. […]
From Hedge Funds to Lady Gaga
BusinessWeek – In 2008, hedge fund manager Matthew Michelsen received the phone call that would change his life—from 50 Cent. Actually, the rapper and energy drink mogul was calling to speak with Michelsen’s wife, Jenny, about investing in her 3D […]
Philosophy of a vulture fund
Irish Times – Manhattan-based lawyer Mark Brodsky named his hedge fund after the Roman emperor Marcus Aurelius, a Stoic philosopher. He set up the fund in 2005 but Brodsky fine-tuned his skills as a distressed debt investor over nine years […]
Investor buys more Family Dollar stock
Charlotte Observer – A prominent hedge fund investor has increased his stake in Family Dollar Stores Inc. and is now the Matthews-based company’s largest shareholder, according to filings Thursday with the Securities and Exchange Commission. Bill Ackman, chief executive of hedge fund […]
Eisman Planning to Start Own Fund After FrontPoint Departure
Bloomberg – Steven Eisman, the investor known for betting against for-profit schools and subprime mortgages, is leaving FrontPoint Partners LLC and plans to start his own firm, according to two people briefed on the matter. His FrontPoint hedge funds, Financial […]
Hedge funds fill lending void
Economic Times – Hedge fund managers have been called plenty of names. Now, they can add another: local banker. When Rentech, a clean energy business in Los Angeles, was rejected by its long-time banker last year, it asked a hedge […]
Cheyne Capital Wins Best European Event Driven Hedge Fund Award
New York (HedgeCo.net) – Cheyne Capital Management’s European Event Driven Fund won the Best Event Driven Hedge Fund category at the 11th annual Hedge Funds Review European Performance Awards. The Cheyne European Event Driven Fund achieved returns of +20.5% in […]
Hennessee: Hedge Funds Protect Capital as Markets Decline
New York (HedgeCo.net) – The Hennessee Hedge Fund Index declined -0.54% in May (+2.86% YTD), while the S&P 500 declined -1.35% (+6.97% YTD), the Dow Jones Industrial Average fell -1.88% (+8.56% YTD), and the NASDAQ Composite Index decreased -1.33% (+6.87% […]
U.S. Hedge Funds to Fight Bank of Ireland Restructuring
WSJ – A group of U.S. hedge funds with large stakes in Bank of Ireland PLC’s subordinated debt is preparing to fight the government’s proposed restructuring of €2.6 billion ($3.82 billion) in junior bonds. The funds have hired Thomas Lauria, […]
Freight Traders Luring Hedge Funds to Expand Market
Bloomberg – The new freight derivatives trading screen from the Baltic Exchange, a 267-year-old bourse that sets global shipping prices, will attract hedge funds and expand the $24 billion market, Citigroup Inc. (C) and Cargill Inc. said. Baltex starts today after […]