Monthly Archives: June 2007
Creidian Buyout By Activist Firms
Private activist buyout firm, Thomas H. Lee Partners L.P. (THL) and Insurance company, Fidelity National Financial, Inc. (FNF) announced that they have entered into a merger agreement under which Ceridian Corp. will be jointly acquired in an all cash transaction […]
Hedge Funds: With More Money Comes More Post-Nups
New York Times- Post-nuptial agreements, once a novelty, are becoming increasingly more popular- and in some cases mandatory- in the world of hedge funds. The Financial Times reports that the post-nuptial agreement, where the married parties sign on the dotted […]
Hedge Funds Get Big Changes at Motorola, Ceridian
StockHouse- Two major companies currently under pressure from activist hedge fund managers made major announcements on Wednesday of events aimed at enriching their investors. Motorola, which has been fielding demands from billionaire Carl Icahn, announced it would lay off 4,000 […]
Trian, Peltz’s Activist Hedge-Fund Group, to Raise $2 Billion
Bloomberg- Nelson Peltz, the billionaire investor known for pressing companies to take steps to increase their stock prices, is raising $2 billion for his hedge-fund group Trian Fund Management LP. Trian set up a pair of new partnerships last month, […]
Hedge Fund Investor Signs On With GHG Emmission Abatement Program
Hedge fund investor AIG Capital Partners announced they have agreed to become significant investors in London-based Sindicatum Carbon Capital Ltd, a principal financier/developer of green housegas (GHG) abatement projects globally. AIG joins Sindicatum Carbon’s existing strategic shareholders, including Citi. The […]
Peak Partners launches a new specialized fund of hedge funds Mont Blanc Select
WEST PALM BEACH, FL (HEDGECO.NET)- Leading specialist in alternative investment solutions Peak Partners is launching a new fund of hedge funds specialized in Asset Based Lending and otherCollateralized Strategies on the 1st of July 2006. Mont Blanc Select invests […]
S&P’s hedge fund indexing foray goes awry
Standard & Poor’s, which runs some of the world’s most widely followed equity indexes, hasn’t fared as well in its efforts to track the performance of hedge funds. S&P said earlier this week that it will stop publishing its investable […]
Hedge funds and precious metals lead pack at year’s halfway point
Globe and Mail – If things continue the way they have, 2006 could once again be the Year of the Hedge in the mutual fund world. The final numbers are still trickling in but as we cross the year’s halfway […]
The long and short of an asset class
National Post – When Derek Webb started a long/short Canadian hedge fund early in June, he said he would go long and short both Canadian stocks and income trusts. Forensic accountant Al Rosen of Rosen & Associates in Toronto views […]
Beware the iPod Rumors
NewsFactor Network – While writing a story today on a Wall Street analyst’s prediction that Apple will be late in shipping its new iPod Nano, I noticed the effect the report had on Apple’sstock. Naturally, Apple fell on Wednesday. The […]
Hedge fund demands sale of Sunterra Corp.
WEST PALM BEACH, FL (HEDGECO.NET) – Sunterra Corp, a Las Vegas time-share company is facing pressure from hedge fund Chapman Capital, which holds 8.4 percent, a 1.6 million stake in the company. Sunterra has a market value of about $174 […]
24 Counts of Hedge Fund Fraud
WEST PALM BEACH, FL (HEDGECO.NET) – A hedge fund manager who disappeared three months ago with millions of dollars belonging to at least 500 investors now has 24 additional counts in his federalfraud case. Kirk Wright, formerly of supposed hedge […]