Monthly Archives: September 2006
Overstock at Overstock.com
HedgeCo.Net (New York) – Hedge funds have been practicing a tactic called “naked short sellingâ€Â, which means selling the same piece of property several times over such as shares in companies like Overstock.com. Patrick Byrne has been fighting an ongoing […]
Launch of Valu-Trac World Wide Strategy Fund
HedgeCo.net ( New York ) – Valu-Trac Investment Management Limited announces the launch of the Valu-Trac World Wide Strategy Fund: Long only global equity market allocation fund Investment objectives of long term capital growth and capital preservation Dynamic allocation into […]
Is London the New New York? Or Is It the Other Way Around?
New York Sun – It’s a city of nearly 8 million where Mayor Bloomberg owns a townhouse. Paul McCartney, Gwyneth Paltrow, and Madonna all own homes here, too. It competed to host the 2012 OlympicGames. Architects Daniel Libeskind, Norman Foster, […]
Fund managers play safe over high yield bonds
TMCnet – HIGH yield bond fund managers are becoming worried about the tendency of private equity bidders to buy a company then borrow massively in order to pay themselves large dividends. Credit ratings agency Standard & Poor’s recently claimed that […]
Hedge Fund to buy out Rival Fund
HedgeCo.Net (New York) – RAB Capital, the European hedge fund management and investment firm, is planning the acquisition of $500m fund, Northwest Investment Management. This buyout is RAB’s second, and largest acquisition since its founding in 2004, giving it increased […]
Leveraged Loans seek out Hedge funds
HedgeCo.Net (New York) – Close Brothers, the independant European corporate financial adviser, reported that up to half of the leveraged loans syndicated in Europe have hedge funds as their main investors. The banks that would usually finance these deals, are […]
Institutional players ensure hedge funds are here to stay
Business Online – DESPITE so-so performance in the second quarter, hedge funds in the United States pulled in a lot of money from investors, highlighting two trends. One is that the floodgate of institutional money, which appeared to slow last […]
New Jersey Directs Another $3.8 Billion to Hedge Funds
Black Enterprise – New Jersey’s state pension funds will allocate an additional $3.8 billion toward hedge funds from now until June 30, 2007, as part of a new investment plan adopted in July by theNew Jersey Division of Investment. While […]
Maintaining the funds lead
Cayman Net News – At a high-powered legal forum held in Cayman recently, attorneys and professionals in the financial field, from the Caribbean and other jurisdictions, heard about Cayman’s lead in the area of hedge funds and also, how imminent […]
Dissident McDonald’s shareholder may return
Monterey County Herald – The activist hedge fund manager who tried to get McDonald’s Corp. to spin off company-owned restaurants last year is eyeing the fast-food company again. The news sentMcDonald’s shares to a new six-year high. McDonald’s said in […]
Hedge funds to disrupt GUS demerger in quest for better bond terms
Forbes – Hedge funds and other investors in GUS PLC this week will try to derail its planned demerger of catalogue retailer Argos from credit checking group Experian, according to a report. Holders of the company’s bonds plan to ignore […]
SEC Drops Fraud Charges
HedgeCo.Net (New York) – Paul Flynn, the former Canadian Imperial Bank of Commerce official who was arrested two years ago and charged with five felonies, is free of the legal entanglement which developed at his former job as a managing […]