Monthly Archives: August 2006
Caymans to require wider disclosure for hedge funds
NEW YORK (Reuters) – Looking to strengthen data collection efforts in Cayman Islands’ burgeoning hedge fund industry, regulators are instituting new electronic reporting requirements aimed at better tracking the estimated $1.3 trillion (690 billion pound) industry, a senior Cayman official […]
Hedge funds seek Ahold break-up
AMSTERDAM (Reuters) – Dutch food retailer Ahold came under pressure to break apart by hedge funds Paulson & Co. Inc. and Centaurus Capital, which said such a move would boost its market value by more than a quarter. The two […]
SEC Staff Provides No-Action Relief as a Result of Court’s Goldstein Decision
HedgeCo.Net (New York) – On August 10, 2006, the staff of the Division of Investment Management of the Securities and Exchange Commission issued a “no-action” letter to the American Bar Association’s Subcommittee on Private Investment Entities to provide guidance to […]
Hedge Fund Reports Insider Trading
HedgeCo.Net (New York) – Hedge fund Okumus, worth $800 million, is claiming some of the buyers may have been tipped off about the Hewlett-Packard Co.’s imminent $4.5 billion buy out of Mercury, an IT management service company. Hewlett-Packard said that […]
Hedge Funds wait out Enodis Failure
HedgeCo.Net (New York) – Hedge funds with hopes for a takeover of U.K. food equipment maker Enodis fell as the company rejected another buyout request, but some hegde funds have used the slumpin the share price to lift their holdings […]
Hedge fund blowups warn investors-for a little bit
Reuters – Hedge fund blowups often prompt people to select these lightly regulated portfolios with more care, but the warnings often wear off fast, leaving many vulnerable to the next disaster,analysts and investors said. Last week the $1.2 trillion industry […]
Hedge fund Marwyn eyes $475 mln film co buy-report
Reuters – UK hedge fund Marwyn Value Investors is to launch a 250-million-pound ($475-million) cash bid for Canadian film business Motion Picture Distribution, the Financial Times reported on Friday. Motion Picture Distribution is the operating company of Movie Distribution Income […]
Citigroup fined by NASD over false data by brokers
Reuters – The NASD ordered Citigroup Inc. to pay $1.12 million over a scheme by more than 100 brokers to obtain mutual fund sales charge waivers by falsely claiming their customers, including hedgefunds, were disabled. Citigroup Global Markets Inc. will […]
Indian Hedge Funds Looking for Outside Financing
HedgeCo.Net (New York) – In India the investment market has shot up 141% over the last two years. Hedge funds provide an opportunity for India to attract large amounts of foreign capital. Hedge funds have led the investment flows into […]
Hedge Fund Collapse Threatens Sale
HedgeCo.Net (New York) – UBS’s deal to buy ABN Amro Holdings for $386 million, may be threatened by ABN’s $100 millioninvestment in hedge fund MotherRock, which collapsed last week. MotherRock’s losses are putting ABN’s risk management and investment skills into […]
MD Sass And Macquarie Group Form New Joint Venture
NEW YORK, August 10, 2006 – MD Sass, a leading investment management firm, and the Macquarie Group, a global financial services organization, today announced theestablishment of a new joint venture. The partnership will manage a $273 million alternative strategies private […]
IPO to pay hedge fund’s dividend debt
Philadelphia Inquirer – A Miami hedge fund plans a $115 million initial public offering for Claymont Steel Holdings Inc. and would use the proceeds to reduce debt used largely for dividend payments to itself. H.I.G. Capital bought Claymont Steel, formerly […]