Monthly Archives: September 2008
Ruling: Hedge Funds Receive Their Rightful Seats on Board
New York (HedgeCo.Net) – Hedge fund TCI has won two more seats on the board of railroad operator CSX, in what looks to be the finale of a year-long proxy battle. A U.S. Court of Appeals judge ruled yesterday in […]
SEC Plans to Protect Lehman Investors
West Palm Beach (HedgeCo.net) – While coordinating with overseas regulators to protect Lehman’s customers and maintain orderly markets, the SEC staff who have been on-site at the U.S. broker-dealer will remain in place to oversee the orderly transfer of customer […]
Hedge fund Citadel hires two from Merrill Lynch
Reuters – Hedge fund firm Citadel Investment Group said on Tuesday it had hired two senior sales executives from Merrill Lynch, the investment bank that is being sold to Bank of America for $50 billion. Chicago-based Citadel, which manages around […]
Equity and Hedge Funds may take Wall Street’s Place
New York Post – With just two large investment banks remaining – Morgan Stanley and Goldman Sachs – questions are growing over who might step into the suddenly emptier playing field. Many Wall Street watchers are pointing to the looming […]
Hedge funds suffer further pain
Reuters UK – The bankruptcy filing of Lehman Brothers is another blow for the hedge fund industry, but at least the damage is limited from here for funds exposed the U.S. investment bank. Even legendary fund manager George Soros, who […]
Harbinger says it’s not dumping Times, Media General
Reuters – Hedge fund Harbinger Capital Partners said it is not pulling out of high-profile investments like The New York Times Co. and Media General Inc., seeking to quell market rumors after their share prices dropped sharply on Monday. Philip […]
AIG Seeks Investors, Deals With Harsh Ratings Cuts
New York (HedgeCo.Net) – In an effort to stave off bailout rumors, the Federal Reserve is urging American International Group Inc. to find private investors and warns that they should not expect a loan from the central bank. However, talks […]
Hedge Funds Pulled Back From Lehman Prime Bkg Before Bankruptcy
CNNMoney.com – Hedge funds were leaving the prime brokerage business of Lehman Bros. (LEH) long before Lehman filed for Chapter 11 bankruptcy Sunday, and now, business there has all but stopped, according to sources. But in certain areas, like the […]
Lehman Declares Largest Bankruptcy Filing in History
New York (HedgeCo.Net) – Despite valiant efforts to find investors and stay afloat the credit crisis, Lehman Brothers Holdings Inc. is now at the center of the biggest bankruptcy filing in history. The fourth-largest investment bank filed for Chapter 11 […]
Pension plans need advice on hedge funds
Reuters – The U.S. Labor Department should provide pension plans with guidance on investing in hedge funds and private equity, a report issued by the Government Accountability Office (GAO) said on Wednesday. The report found that pension plans are investing […]
Lehman Goes Banktrupt in High Profile Casualty Case
West Palm Beach (HedgeCo.net) – Lehman Brothers, Wall Street’s fourth biggest investment bank has filed for bankruptcy, making it the largest and highest-profile casualty of the global credit crisis, with approximately $639 billion in assets. The bank said the Chapter […]