Monthly Archives: September 2006
Hedge Funds Show Cruise the Money
HedgeCo.Net (New York) – Less than a week after Paramount Pictures cut its ties with Tom Cruise ended their 14-year relationship, his company announced a deal with First and Goal L.L.C., an investorgroup headed by Daniel M. Snyder, owner of […]
SEC agrees to share hedge-fund probe info with Senate
MarketWatch – The Securities and Exchange Commission has agreed to share some internal memos and make available staff for interviews with Senate investigators probing whether a hedge-fund investigation was derailed because of political interference, according to a Senate spokeswoman. The […]
UPDATE 1-Hedge funds threaten NPSI with proxy fight
Reuters – A group of activist hedge funds on Thursday threatened North Pittsburgh Systems Inc. with a proxy contest if certain measures to boost the value of shares in the telecommunications companyare not taken. Bulldog Investors, Santa Monica Partners and […]
Unusual bond trading shows difficulty of policing swaps
Pittsburgh Post-Gazette – Unusual trading in a relatively new corner of the bond market illustrates how the rise of increasingly sophisticated financial instruments is potentially outpacing theability of regulators to police them. In recent months, there have been spikes in […]
Hedge Funds turn to Technology to cope with pain points and strain of lower margins
Insurance News Net – Traditionally IT vendors have had limited scope to service the lucrative world of the hedge funds, but increasing exposure and regulation are forcing this industry’s participants globally to look to technology to ease some of their […]
Firm to keep going after Bayou blowup
BOSTON (Reuters) – A prominent consulting firm that sent clients into the collapsed Bayou hedge fund said it was blinded by the managers’ bold lies, but pledged to stay in business after reviewing how it evaluates funds for clients. “We […]
SEC charges hedge fund manager with insider trading
BOSTON, Sept 29 (Reuters) – U.S. financial regulators on Thursday charged a Massachusetts hedge fund manager illegally earned $750,000 by trading on information that a local bank planned to acquire a competitor last year. The U.S. Securities and Exchange Commission […]
Majesco Gets Hostile Hedge Fund Offer
( www.gamasutra.com ) – Struggling publisher Majesco, which mostrecently announced a calamitous third quarter loss of $38.6 million, as an aggressive expansion into higher budget full-price games backfired, is now under attack from hedge fund and previousinvestor Trinad Capital Master […]
Do-it-yourself hedge funds
ANNANDALE, Va. (MarketWatch) — It’s time to demystify hedge funds. For too long, individual investors haven’t only regarded hedge funds to have almost magical powers to make money; they’re also usually considered out of reach to all but the super-rich. […]
Barclays nabs PSolves Orpin for UK pensions
IPE.com 30/Sep/05: UK – Barclays Capital says it has hired Gavin Orpin from PSolveAsset Solutions for its UK Pensions Solutions team. Orpin was one of nine principals at PSolve, the investment consultancy owned by South Africa’s SanLam Financial Services which […]
Latest: Morgan Stanley top hedge fund prime broker
Business-times—Malaysia – New York, Fri: Morgan Stanley and Credit Suisse First Boston (CSFB) were ranked No 1 and No 2, respectively, in providing quality prime brokerage services to hedge funds, a survey showed. The survey, conducted by Alpha magazine, a hedge […]
One man and his menagerie
(www.ft.com) Financial Times – It’s like entering Brigadoon,” says a friend as we drive through the gates of Judy and Michael Steinhardt’s 55-acre estate inWestchester, New York, one misty summer day. “An almost mystical experience.” To me, it is more […]