Monthly Archives: August 2008
Hedge Funds Lower Bets on Rising Stocks, Goldman Report Finds
Hedge funds reduced their bets in the past year that U.S. stocks would gain as the Standard & Poor’s 500 Index declined and credit conditions tightened, Goldman Sachs Group Inc. said. Such wagers accounted for 32 percent of funds’ equity […]
MILTON BROS. FEEL HEAT ON FUNDS
New York Post – The heat is getting turned up under Alan and Philip Milton, the brother team that runs Greenwich-based Windmill Management and its embattled SageCrest hedge funds. A lawyer for an investor in the SageCrest II hedge fund […]
Hedge funds circle Scottish & Southern
Guardian Unlimited – Hedge funds are buying into power supplier Scottish & Southern Energy in hopes of a bid for the company, currently valued at over £12bn. The latest fund to have bought shares is Centaurus, headed by Frenchman Bernard […]
Breaking even becomes hedge funds’ mantra
Globe and Mail – Joe E. Lewis, the late American nightclub comic and inveterate horse player, once quipped: "I hope I break even. I need the money." That could very well become a mantra in the hedge fund world, where […]
Court lets NJ invest pension money in hedge funds
Newsday – A state appeals court has allowed New Jersey to move ahead with a plan to invest some state pension money into hedge funds. The court ruled Friday, rejecting a challenge by the Communications Workers of America and the […]
Predictions for Hedge Funds
Wall Street Journal – Not long ago, hedge funds were reserved for a few wealthy investors and even fewer pioneering managers. Now 7,500 funds have nearly $2 trillion under management globally, according to Hedge Fund Research — increasingly from endowments […]
CSX ‘Welcoming’ Work With Activist Hedge Funds
CNBC – Cramer got a chance Thursday to check in briefly with CSX Chairman and CEO Michael Ward. Ward’s been a regular guest on Mad Money as his company has battled with activist hedge funds fighting to have him ousted. […]
Nordic Commodity, ECM Post Top Power Hedge-Fund Gains
Bloomberg – Energy Capital Management and Nordic Commodity Funds AB’s hedge funds are outperforming the competition in European energy markets, where power prices fell as much as 17 percent last month from a record. Energy Capital’s MMT fund returned 19.2 […]
Hedge Fund Buys Into Trucking Agency
West Palm Beach (HedgeCo.net) – In a Reglatory filing with the SEC, multibillion-dollar hedge fund, Tontine Associates, has bought 5% of trucking giant YRC, equaling 2.97 million shares of YRC common stock, for more than $48 million. Jeffrey Gendell, founder of Tontine Associates, has made […]
Hedge investors on cautious tack in choppy markets
Reuters – Funds of hedge fund portfolios are battening down the hatches in the current volatile markets by building up cash or steering clear of strategies with too much exposure to market movements. With returns in the hedge fund industry […]
High-flying fund manager under SEC scrutiny
CNN Money – Third Point Management, a New York hedge fund run by one of the country’s most outspoken and controversial investors, has come under investigation from the Securities and Exchange Commission. The $5.6 billion fund, whose founder Daniel Loeb […]