Monthly Archives: August 2014
US hedge fund latest to line up tax inversion move
FD – A US hedge fund has become the latest in a string of companies seeking to acquire a UK rival in order to set up a foreign tax centre. The tactic, known as inversion, is primarily motivated by the […]
Hedge Fund Launch: The Rothschild Larch Lane Alternatives Fund
New York (HedgeCo.Net) – Rothschild Larch Lane Management Company is launching a liquid, open end alternatives mutual fund, using a multi-manager structure, offering diversification across a variety of asset classes, time frames, investment styles and strategies. Larch Lane is a pioneer […]
Botox Company Sues Hedge Fund Founder Ackman For Insider Trading
New York (HedgeCo.Net) – Bill Ackman, hedge fund founder and activist investor, has responded to the lawsuit filed on the 1st of August by Botox-producer Allgeran: “This is a shameless attempt by Allergan to delay the shareholders’ fundamental right to […]
Hedge funds eye a profit from European bank research retreat
Reuters – As Europe’s big investment banks and brokerages scale back their research efforts, particularly towards small and mid-sized companies, some hedge funds and other specialist players spy an opportunity. If the major players aren’t ferreting out investment ideas among […]
Hedge Fund Elliott Sold Wing Hang Bank Shares for HK$387 Million
Bloomberg – Elliott Management Corp., Paul Singer’s hedge-fund firm, sold shares in Wing Hang Bank Ltd. (302) for HK$3 billion ($387 million) near the end of Oversea-Chinese Banking Corp.’s offer to take the lender private. Elliott, with $24.8 billion of […]
Alberto Micalizzi: The Hedge Fund Academic Who Fell From Grace
WSJ – When Italian academic Alberto Micalizzi moved into the world of hedge funds, he was following a path taken by the likes of David Shaw, founder of D.E. Shaw, and James Simons of Renaissance Technologies. But for Mr. Micalizzi, […]
More woes for hedge fund adviser
Personal Finance – The Ombud for Financial Services Providers has handed down another ruling – the fifth so far – against financial adviser Michal Calitz, who advised a number of his clients to invest in the Relative Value Arbitrage Fund […]
Hedge fund billionaire takes aim at Scott, others
The Tampa Tribune – A hedge fund billionaire-turned-environmentalist who is seeking to boost the political importance of climate change has his eye on knocking off Florida Gov. Rick Scott. San Francisco-based NextGen Climate Action Committee last month gave $750,000 to […]
Stock Market Ends July in Dive, but Analysts Are Upbeat
Dealbook – The stock market ended July with the sharpest decline in the Standard & Poor’s 500-stock index since April, while the Dow Jones industrial index fell more than 300 points, enough to eliminate all of its gains for the […]
Profits Soaring After Disgrace at Cohen’s Hedge Fund
NYTimes – Three months after his once-powerful hedge fund entered a guilty plea to insider trading charges, Steven A. Cohen is doing quite well. This summer, Mr. Cohen and his family rented a yacht off the Greek islands for a […]
Blackstone Backs Black Rhino to Invest in African Infrastructure and Power Development
New York (HedgeCo.Net) – Global asset management firm Blackstone (BX) today announced that it has partnered with Black Rhino, an African infrastructure development company, to identify, develop, finance, construct and operate large-scale infrastructure projects across Sub-Saharan Africa with a focus […]
UK Banks Propose Holding Individuals Accountable For Failure
New York (HedgeCo.Net) – The behaviour and culture within banks played a major role in the 2008-09 financial crisis and in conduct scandals such as Payment Protection Insurance (PPI) mis-selling and the attempted manipulation of LIBOR, the Bank of England said when […]