Monthly Archives: August 2006
Nobel Prize Winner Closes Hedge Fund After Three Months
Nobel-prize winning economist Robert Merton closed his latest hedge fund, IFL Continuum Fund, after three months because it failed to raise enough money. The fund hadcollected $30 million since the beginning of March to invest in credit securities. IFL Continuum […]
OIC weighs hedge fund investment
Corvallis Gazette-Times – The Oregon Investment Council is weighing whether to make an unprecedented investment of public pension money into risky hedge funds. Some labor unions have objected to hedge fund investments, saying such funds charge outlandish management fees, and […]
Global investors flock to the Dutch discount
ThatsRacin.com – For a small country, the Netherlands is home to a disproportionately large number of big-name, international companies — and the nation now seems to be drawing the attention of arange of global activist investors seeking boardroom influence, break-ups […]
Hedge-fund manager gets probation
Former hedge-fund manager Jonathan Daws was sentenced to three years probation and a $50,000 fine Wednesday for his part in a stock scheme to depress the price of penny stocks. Daws managed Dallas-based hedge fund Gryphon Partners LP until late […]
Standard & Poor’s Fund Services warns fund-of-hedge-funds
easier.com – Standard & Poor’s Fund Services has issued a warning to investors in funds-of-hedge-funds based on its latest research on the sector. “Investors may need to think carefully about market conditions despite hedge funds’ general aim for absolute returns […]
Smart Papers acquired by hedge fund
Cincinnati Enquirer – A Greenwich, Conn.-based hedge fund today agreed to take over the assets and liabilities of Smart Papers LLC, which employs more than 400 here. The purchase agreement, which still must be approved by the U.S. Bankruptcy Court […]
Hedge fund demands sale of Mosaid
EETimes.com – Loeb Partners Corp., a New York-based hedge fund, has submitted a letter to fabless chip and intellectual property (IP) vendor Mosaid Technologies Inc.’s board of directors, proposingthat the company be sold. In the letter, which can be viewed […]
Expert rules out possibility of hedge fund invasion
People – Despite the recent fluctuations in the exchange rate of the Renminbi (RMB), China’s currency, international hedge funds are unable to flood the country and profit from the future appreciation of the RMB. Mei Xinyu, a senior researcher with […]
Nabi shares rise under pressure – hedge fund demands sale to be considered
Fort Lauderdale Sun-Sentinel – Shares of Boca Raton-based Nabi Biopharmaceuticals rose nearly 5 percent Wednesday after hedge fund Third Point LLC urged the biotech firm to allow Bank of America Corp. to explore a possible sale of all or part […]
Steve Gidumal – New Managing Director & CO-CIO Of MDSASS Resurgence & Re/Enterprise Funds
NEW YORK — Steve Gidumal, 48. has joined Resurgence Asset Management’s distressed security investment team as Managing Director and Co-Chief Investment Officer of the M.D. Sass Corporate Resurgenceprivate equity funds and M.D. Sass Re/Enterprise hedge funds. Gidumal will share portfolio […]
Hedge fund buys stake in Tribune
Tribune Co. shares jumped nearly 5 percent yesterday after billionaire investor Nelson Peltz reported he acquired a 1.2 percent stake in the company. According to a filing Monday with the Securities and Exchange Commission, Peltz’ Manhattan-based hedge fund, Trian Fund […]
Thematic: Advice will be key for wider hedge fund access
Clear advice on hedge funds is seen as a vital element of giving retail investors access to the asset class, but firms disagree on the most effective method to open long-short vehicles to wider investment. According to Martin Cornish, a […]