Monthly Archives: September 2009
UK ‘blocking tough finance rules’
BBC News – The UK has “particular difficulties” regulating hedge funds “to put it politely”, Mr Steinbrueck told the weekly German news magazine. “There clearly is a lobby in London that wants to defend its competitive advantage tooth and claw,” […]
U.S. and accused Bear managers battle over evidence
Forbes – U.S. prosecutors said on Tuesday that two former Bear Stearns Cos hedge fund managers facing trial on fraud charges are trying to impede the government’s access to documentary evidence. Lawyers for one of the accused, Ralph Cioffi, described […]
Touradji Rejects Amaranth Claim, Says It Acted ‘Professionally’
Bloomberg – Touradji Capital Management LP said it acted “professionally and appropriately” in all transactions with Amaranth Advisors LLC, which is suing for at least $350 million over claims that include breach of contract and misappropriation of trade secrets. “We […]
Harbinger Capital cuts stake in New York Times Co. to 16.4 pct, calls company a ‘core holding’
Hartford Courant – Harbinger Capital Partners LLC says it has sold part of its 20 percent stake in The New York Times Co., but still considers the company a core holding. The hedge fund said in a securities filing this […]
Hedge Funds Keep Watch on Washington
BusinessWeek – As legislators and officials in the Obama Administration debate and potentially draw closer to passing new rules regarding health care, carbon emissions, and financial services, hedge fund managers are awakening to the need to reexamine the assumptions they […]
Falcone’s Harbinger selling 20 million Calpine shares
MarketWatch – Harbinger Capital, a big hedge-fund firm run by Philip Falcone, is selling 20 million shares of power company Calpine Corp. Harbinger Capital Partners Master Fund I Ltd. is selling the stock in a public secondary offering underwritten by […]
Recession winners: historians and hedge funds
Sydney Morning Herald – Hedge funds over bankers. If Lehman Brothers had a dollar for every time someone warned that hedge funds would bring the financial system to its knees, the bank wouldn’t have gone bust. While hedge funds took […]
Investors Poured $20 Billion into Hedge Funds in August
New York Times – Hedge funds saw nearly $20 billion pour into their coffers last month, as investors flocked back amid revived market optimism. Hedge funds booked inflows of $19.6 billion in August, according to HedgeFund.net. Total hedge fund assets […]
Hedge Fund Performance for August – Morningstar
New York (HedgeCo.net) – Hedge funds’ good fortunes persisted in August according to a preliminary hedge fund performance report from Morninstar. “Hedge fund returns in August were driven by strong equity markets throughout the developed world,” said Nadia Papagiannis, Morningstar […]
Open Europe Hedge Fund Survey Findings
New York (HedgeCo.net) – Based on two surveys of private equity managers and hedge fund managers, carried out during August 2009, Open Europe has published the most comprehensive study to date of the likely impact of the EU’s proposed Alternative […]
Md. gets $9M judgment against former hedge fund
The Examiner – The Maryland attorney general’s office says it has won a $9.5 million judgment against the operator of several former hedge funds. The judgment was granted in Prince George’s County Circuit Court against John Henry Williams. In February […]
Vicis Capital Suspends Redemptions After Hedge Fund Loses 12%
Bloomberg – Vicis Capital LLC, the $2.9 billion hedge fund started by former Lehman Brothers Holdings Inc. trader John Succo in 2004, barred clients from withdrawing money from its main fund after losses this year. The firm received “higher-than-anticipated” requests […]