Monthly Archives: August 2009
Hedge funds build up short bets on VW again
Reuters UK – Hedge funds have increased their bets on a fall in voting shares in Europe’s biggest carmaker Volkswagen, according to data on Tuesday, despite the heavy losses suffered by such funds last year. Hedge funds shorting VW were […]
Hedge Fund Atalaya Expands Investment and Marketing Team
West Palm Beach (HedgeCo.net) – Encouraged by a promising investment environment and accelerated investment pace, New York-based special opportunities fund, Atalaya Capital Management LP, today announced that it has expanded its team, adding three investment professionals and a marketing professional. […]
Salus Alpha Directional Market Funds Outperform
West Palm Beach (HedgeCo.net) – Salus Alpha (SA) announced that their fund, ‘The Salus Alpha Directional Markets’ stood out from its peers in the Managed Futures space due to its unique approach. The majority of the managed futures funds, SA […]
NewRiver revives suspended IPO at fraction of value
Reuters – Opportunistic property investment firm NewRiver Retail said on Monday it would list in September with a capitalisation of 25 million pounds, two months after suspending a planned 250 million pounds float. NewRiver expects its shares to be admitted […]
Hedge Fund Managers Split Over Strategy
New York Times – Russell Herman, the chief executive of the hedge fund firm Dawson-Herman Capital Management, is the latest manager to shutter his fund after heavy losses last year and differences with the firm’s founder, Jonathan Dawson. Mr. Herman […]
Funds: Behind Bob Olstein’s Comeback
BusinessWeek – The collapse of Lehman Brothers on Sept. 15, 2008, and the ensuing stock market crash forced Bob Olstein, who has been analyzing companies’ financial statements and managing money for 41 years, to change the way he evaluates and […]
Oregon wins first round against college fund manager
Oregon Live – Oregon won the first round in a $36 million court battle against the former investment manager of its college fund by keeping the lawsuit out of federal court. U.S. District Judge Michael Hogan ruled that the case […]
U.S. Companies Play the Recovery
Overseas – Some of the best news for U.S. companies and investors has been coming from overseas. At home, the news remains bleak. In July, for example, U.S. retail sales slipped 0.1%—not the increase many economists were expecting. Heavily indebted […]
Cuomo likely to file suit against Schwab: report
Reuters – New York Attorney General Andrew Cuomo, probing illegal marketing and sales of auction rate securities (ARS), is likely to file a lawsuit on Monday against Charles Schwab Corp (SCHW.O) for civil fraud, the Wall Street Journal said, citing […]
U.S. pay czar says he can “claw back” exec compensation
Reuters – Kenneth Feinberg, the Obama administration’s pay czar, said on Sunday he has broad and "binding" authority over executive compensation, including the ability to "claw back" money already paid, and he is weighing how and whether to use that […]
Sterling falls as bears raise pressure over stimulus cash
This is London – It also led many in the City to believe the Bank favours a weak currency, prompting a series of downbeat forecasts today. “I’m super bearish on the pound,” said Hans-Guenter Redeker, the London-based head of foreign […]