Monthly Archives: August 2006
Horizon Enjoys Solid Growth In 15th Anniversary Year
CHICAGO, August 22, 2006 – Horizon Cash Management LLC, a leading cash manager for alternative investment funds, today announced that with the addition of new clients, there has been an increase in assets of $600 million so far in 2006, […]
Billionaire hedge-fund chief expects to shake things up
Reading Eagle – When Nelson Peltz puts his money at risk in a company, he expects to shake things up. That was the case in his junk-bond fueled takeover of National Can Co. in 1985, his celebrated turnaround of soft-drink […]
Gateway in spotlight as hedge fund shows interest –
In just two days’ time, a hedge fund has managed to do for Gateway Inc. what its own earnings reports, pledges of growth in new markets and new CEO haven’t been able to do for months: get investors to once […]
Dutch Ahold won’t meet hedge fund shareholders
Reuters – Ahold (AHLN.AS: Quote, Profile, Research)(AHO.N: Quote, Profile, Research) is ignoring requests for meetings with hedge funds Paulson & Co. Inc. andCentaurus Capital, which want to reshuffle the ailing Dutch retailer, a person familiar with the talks said. The […]
Some Hedge Funds to Stay Registered
MSN MoneyCentral – WASHINGTON (AP) – A failed regulatory push by the Securities and Exchange Commission may leave a lasting impression on the hedge-fund industry, according to a Greenwich Associatessurvey to be released Wednesday. Hedge funds, which are investment pools […]
Failed hedge fund haunts celebrities
Pittsburgh Post-Gazette – In the annals of hedge-fund collapses, Sylvester Stallone is among lucky investors who walked away unscathed — or so it seemed. In 1997, the actor invested $2.5 million in a private investment partnership called Lipper Convertibles. Four […]
Former Hedge Fund Manager creates financial Cartoon Website
HedgeCo.Net (New York) – “Imagine Jon Stewart, Bill Maher and Shrek, rolled into a cohesive and scalable platform, providing valuable market insight with snarky humour and cunning wit.†This is how Todd Harrison, former president of Cramer Berkowitz, a $400 […]
Hedge Fund takes Steel Company Public
HedgeCo.Net (New York) – Claymont Steel Holdings Inc. has filed a request with the S.E.C. to take the plant public. Claymont Steel was incorporated in May 2005 as H.I.G. SteelCo Holdings, Inc. and in June 2006 the company was renamed […]
Hedge fund Manager Challenges Volvo
HedgeCo.Net (New York) – Swedish activist hedge fund, Castlerigg, has been causing a stir while trying to drum up interest among Swedish investors for a bid for truck maker Volvo. Thomas Sandell, US based Swedish financier and founder of Sandell […]
Pirate Capital to Soft-Close at $2 BN
HedgeCo.Net (New York) – Pirate Capital LLC, the activist hedge fund manager, is planning to soft-close its funds once the firm’s assets under management reach $2bn, thefirm had an AUM of $1.7bn, as of July 31, 2006, and it is […]
Hedge funds are caught out by equity markets
The Sunday Times – HEDGE fund managers who fail to hedge were blamed yesterday for a prolonged bad patch for the industry that has now stretched into its fifth month. Hedge funds have increasingly been placing directional bets on rising […]
Hedge funds have a role in protecting savings
Business Day – RETIREMENT funds should include hedge funds in their investment plans to ensure they construct optimal portfolios to protect SA’s limited savings. Warren Brown, Head of Fixed Interest and Financial Modelling at Old Mutual’s SYmmETYRY Multi- manager said: […]