Monthly Archives: September 2006
Sears and Controversial Hedge Fund Managers
HedgeCo.Net (New York) – Sears Holdings Corp, headed by hedge fund billionaire Edward Lampert, is trying to offer a controversial $908-million privatization bid for its subsidiary Sears Canada Inc. Sears is planning “seek leave to appeal†the Ontario court decision […]
China’s Banking Chairman warns of Hedge Fund risks.
HedgeCo.Net (New York) – At the end of April 2006, there were altogether over 28,000 banking institutions in Mainland China. The total assets of the banking industry registered nearly RMB40 trillion, accounting for more than 90 per cent of the […]
Hedge fund wants Nabi CEO off board –
A hedge fund manager has escalated his blitz on Nabi Biopharmaceuticals with a motion to remove the company’s president and chief executive officer from his position as chairman. Meanwhile, the company announced it has engaged a securities firm to explore […]
5th Annual Hedge Fund Rocks & Industry Awards
Celebrating five years and over $1 million of raised funds for Australian families afflicted with cancer, last night’s annual Hedge Funds Rock event really was something to rock on about. Over 550 guests embarked on HOME nightclub to formally recognise […]
Goldstein is a one-man jihad for hedge funds
Marketwatch – Phillip Goldstein warned the other day that the speech he was about to give to a bunch of hedge fund industry lawyers might be offensive. It was, and he made no apologies. All of the attention Goldstein […]
More Hedge Funds Deregister After Ruling
MSN MoneyCentral – More than 100 hedge fund advisers have deregistered with the Securities and Exchange Commission in the nearly three months since a federal appellate court rejected the agency’sefforts to regulate the $1.2 trillion industry. The SEC ruled that […]
SEC worried about Hedge Funds
HedgeCo.Net (New York) – In an article by Marketwatch it was reported that Securities and Exchange Commission enforcement director Linda Thomsen, told a Senate panel that insider trading by hedge funds is “an area of significant concern†to the SEC […]
M.D. Sass-Macquarie Launches Crow Point Partners, A Utility & Telecom Investment Management Company
HedgeCo.net ( New York ) â€â€M.D. Sass-Macquarie Financial Strategies, L.P., a joint venture between M.D. Sass and the Macquarie Group, today announced the launch of Crow Point Partners, LLC (CrowPoint), a new investment management company. Crow Point will seek to […]
Cullen Says Hedge Funds May Be Behind New Zealand Dollar Surge
Bloomberg – Finance Minister Michael Cullen said hedge funds may be pushing up the New Zealand dollar, raising the risk of a sharper drop in the exchange rate when they sell. Hedge funds appear to be “taking short-term positions” in […]
Hedge Funds Here to Stay, Panel Says
Black Enterprise – Even in this age of market volatility and spotlighted failures, investors’ love affair with hedge funds endures. Yet investors will grow more sophisticated and will demand greatertransparency. This was the somewhat rosy picture emanating from a hedge […]
Orlando stockbroker sentenced in hedge-fund scam
Orlando Business Journal – An Orlando stockbroker has been sentenced to more than four years in prison for cheating investors out of more than $6.6 million involving two hedge funds. Charles Norman Watson, 39, was sentenced to 50 months in […]
Ex-Hedge Fund manager pleads Not Guilty
HedgeCo.Net (New York) – The Securities and Exchange Commission filed a complaint against Hilary L. Shane in the United States District Court for New York this May, alleging that Shane committed insider trading and registration violations by short selling 122,900 […]