Monthly Archives: June 2007
Finance Leaders Sending GAO Investigators to Check Out Cayman Office Building
Hedgeco.net – U.S. Senators Max Baucus (D-Mont.) and Chuck Grassley (R-Iowa), Chairman and Ranking Republican Member of the Senate Finance Committee, are asking the Government Accountability Office (GAO) to investigate a five-story Cayman Islands building listed as the address of […]
Zell’s Tribune LBO Runs Into Hedge Funds Seeking Bond Default
Bloomberg- Sam Zell’s agreement to buy Tribune Co., the publisher of the Los Angeles Times and owner of the Chicago Cubs, prompted three hedge funds to seek profits in the fine print of $1.26 billion of bonds. It’s a tactic […]
Bear Stearns falters serving hedge funds – Leading The Charge
Associated Press- Bear Stearns Cos. may find it easier to overcome the acute pain of subprime mortgages than the more chronic ache of its eroding prime brokerage business. “Bear Stearns has missed out on the recent growth in the hedge […]
Man Group to expand in distressed investments
Reuters- Man Group, the world’s largest listed hedge-fund company, plans to expand its investments in distressed companies, Chief Executive Peter Clarke said on Wednesday. “We are looking for people in distressed,” Clarke told Reuters. “We view distressed as an area […]
Stonebrook Capital launches first alternative beta product in fund format
HedgeCo.net – NEW YORK, June 6, 2007 – Stonebrook Capital Management, LLC, (“Stonebrook”), a leading alternative investment firm specializing in Alternative Beta solutions, today announced the launch of an Alternative Beta strategy in a fund format – the first of […]
Skylight Comes In At #1 For Real Estate Hedge Funds
West Palm Beach (HedgeCo.Net)- Pacific Continental Fund Management’s Skylight Capital Build-Up fund has come first in a ranking of real estate hedge funds for Sharpe ratio over the past 36 months and third for compound annual return. The Barclay Group’s […]
Hedge Funds Investing in China’s Energy Crisis
West Palm Beach (HedgeCo.Net)- According to an 18-month investigation by StockInterview’s research team, China is facing an energy crisis of epic proportions. Hedge funds such as SAC Capital, Citadel Associates and Renaissance Technologies have bought shares in companies which are […]
London hedge fund scours Japan for more deals
Reuters- The Children’s Investment Fund (TCI) is scouring Japan for more deals but sees its struggle to raise the dividend at Japanese electric power wholesaler J-Power as a test case for furtherinvestment, a TCI executive said on Monday. TCI also […]
Openwave Shuts Out Hedge Fund
Business Week- Openwave Systems, dogged by sliding sales and a steady stream of red ink, has nonetheless attracted a suitor. But the communications software and services provider stiff-armed hedge fund Harbinger Capital June 5, recommending that its shareholders reject Harbinger’s […]
Ameritrade: Hedge funds urge combination
Boston Globe- Two hedge funds that own stakes in TD Ameritrade Holding Corp. are pushing the online-brokerage firm to seek a large merger, saying that Ameritrade could boost shareholder value by joining forces with either E-Trade Financial Corp. or Charles […]
Disclosure Advisory Board Speaks Out On Hedge Fund Secrecy
New York- (HedgeCo.Net) In a newly published white paper by the Disclosure Advisory Board, “Shareholder ID: The Resounding Silence of Non-Disclosure,” the Board calls for investors to reveal their identities and for regulators to re-examine existing shareholder disclosure rules, that […]
100 Women In Hedge Funds Partners With DataArt
New York- (HedgeCo.Net) 100 Women in Hedge Funds announced that they have partnered with DataArt to update and automate their existing email systems which were no longer capable of efficiently managing communications to the organization’s 6000 global members. The new […]