Monthly Archives: June 2007
Bad Loans Pit Vranos Against Cayne as Hedge Funds Outbid Street
Bloomberg- James E. “Jimmy” Cayne helped make Bear Stearns Cos. the mortgage king of the securities industry by packaging home loans into bonds and selling them to clients like Michael Vranos. Now Vranos, who manages $29 billion at Ellington Management […]
Blackstone and Management Team to Acquire Intelenet in an MBO Structure
Forbes- Intelenet Global Services Pvt Ltd (Intelenet) has agreed to be acquired by an affiliate of The Blackstone Group and the management team, subject to regulatory approval. Intelenet today announced its intention for a management buy-out (MBO) that will see […]
Private Equity Squeezes the Shorts
BusinessWeek- t has never been more popular to bet against stocks. Once the realm of a few specialists, the financial alchemy of turning a garbage stock into gold by shorting it has moved into themainstream: The strategy is now employed […]
Hedge Fund Investors Call For Independent Commitee
New York (HedgeCo.Net)- Two hedge fund shareholders with major stakes in TD Ameritrade Holding Corp, JANA Partners LLC and SAC Capital Advisors LLC, today sent a letter to Ameritrade’s Board of Directors questioning their recent announcement regarding the exploration of […]
Dow Jones Epac Select Dividend Index To Underlie Exchange-Traded Fund
HedgeCo.net – â€â€Dow Jones Indexes, a leading global index provider, today announced the Dow Jones EPAC Select Dividend Index has been licensed to Barclays Global Investors to serve as the underlying for an exchange-traded fund (ETF). The iShares Dow Jones […]
Hedge Fund Indice Up For May 2007
New York (HedgeCo.Net)- The RBC Hedge 250 Index for the month of Mat, 2007, had a net return of 1.70%. This brings the year-to-date return of the Index to 6.35%. These returns are estimated and will be finalized by the […]
Activist Fund Third Point Plans London IPO
Reuters- U.S. hedge fund Third Point said on Thursday it plans an initial public offering in London to raise about 500 million euros (337 million pounds), bringing one of the most aggressive activistinvestors to Europe. Daniel Loeb, the firm’s chief […]
Lifting the Lid: Hedge Funds Stay Under SEC’s Radar
Reuters- Hedge funds are flouting one of the few U.S. disclosure regulations applying to them. But instead of punishing them, the U.S. Securities and Exchange Commission may scrap one of the rules to make it more palatable for the funds, […]
ABN Expects to Raise $500 Million in Asia for Commodity Funds
Bloomberg- ABN Amro Holding NV, the biggest Dutch bank, expects to sell $500 million of commodities products to investors in Asia this year, about five times more than 2006, driven by demand frominsurance companies and money managers. The products will […]
Hedge Fund Rebel Fights Arcelor Mittal
Times Online- An influential politician, French senator Philippe Marini, has joined forces with rebel hedge funds in a campaign to stop Arcelor Mittal’s buyout of buyout of minority shareholders. Mr Marini has submitted a written question to the French finance […]
Specialized China Fund Launch
West Palm Beach (HedgeCo.Net)- Hong Kong and London based fund of hedge funds manager KGR Capital announced that it has launched the KGR Capital China Absolute Return Fund focused specifically on hedge funds invested in greater China. The Cayman Islands […]
Hedge Fund Rankings
Every local TV news channel has some segment that helps some consumer in distress–someone wronged by a renegade dry cleaner who made a hole in a beloved cashmere sweater, or a pet owner who bought amutt instead of a pedigree […]