Author Archives: Editor
Sensient urges shareholders to reject hedge fund’s bid for board seats
Journal Sentinel – The Sensient Technologies Corp. board took its case to retain control of the company directly to shareholders Monday, sending them a letter sharply critical of a hedge fund that is bidding to win four director seats. The fund […]
Hedge Fund Risk Management Faces Scrutiny at U.S. CFTC Meeting
Bloomberg – Hedge-fund and mutual-fund firms will face scrutiny of their risk-management practices in a meeting today with the top U.S. derivatives regulator. The Commodity Futures Trading Commission staff is scheduled to meet in Washington to discuss funds’ controls for […]
Hedge Fund Spars With a Nameless Blogger
NYT – Who was the leaker? That is what David Einhorn, the outspoken hedge fund manager, wanted to know after one of his firm’s investments was disclosed by an anonymous blogger last year. Mr. Einhorn was so irate about the leak […]
Former Ruth’s Chris Steak House CEO joins hedge fund group against Darden
BizJournals – Starboard Value LP continues to beef up its advisory board to battle against Darden Restaurants, this time by hiring a former Ruth’s Chris Steak House chief executive officer. Former Ruth’s Chris CEO Craig Miller joins a growing cast […]
New Whitepaper From Riveles Law Group: Launching a Hedge Fund
New York (HedgeCo.Net) – New York hedge fund attorneys Riveles Law Group has put out a new whitepaper outlining the legal, structural and practical considerations to be evaluated in establishing a hedge fund. The whitepaper covers offshore and domestic funds, hedge […]
Hennessee Hedge Fund Index Up +2.46% In February
The Hennessee Hedge Fund Index increased +2.46% in February (+2.18% YTD), while the S&P 500 gained +4.31% (+0.60% YTD), the Dow Jones Industrial Average rose +3.97% (-1.54% YTD), and the NASDAQ Composite Index jumped +4.98% (+3.15% YTD). Bonds were positive […]
Boston hedge fund executive Scott Nathan joins State Department
The Boston Globe – Secretary of State John F. Kerry has hired Boston hedge fund executive Scott Nathan as a liaison to the business community, assisting American companies that want to do business abroad and foreign firms doing business here. […]
Peltz blasts PepsiCo again, seeks details on operations, strategy
Reuters – Activist investor Nelson Peltz, who has been pushing PepsiCo Inc. to separate its beverage and snacks businesses, blasted the company yet again on Thursday [March 13] and demanded answers on operational issues and its corporate strategy. Peltz’s Trian […]
Hedge funds wary of betting on rates
Risk – Despite widespread consensus on the direction of interest rates in the US and UK, many hedge funds are wary of making bets, partly because they expect dealer constraints to exaggerate volatility when the first hikes arrive. Before Ben […]
City was like a giant hedge fund before crisis, says Bank of England official
Guardian – The City operated like a “giant hedge fund” in the runup to the financial crisis, and the resulting crash could leave the British economy with permanent low productivity and stagnant earnings, according to a senior Bank of England official. Charlie Bean, […]
U.S. senators urge CFTC action on position limits
HedgeWorld – A group of U.S. senators has urged the Commodity Futures Trading Commission to quickly complete new rules on position limits in commodity markets to tamp down on speculation in products such as gasoline and home heating oil. “The […]
The Senator and the Hedge Fund
WSJ – Americans are unhappy with Congress, but William Ackman may be an exception. The manager of the Pershing Square hedge fund has been trying to drum up federal investigations into Herbalife, HLF -5.38% and Senator Ed Markey has delivered. The Massachusetts Democrat urged federal regulators […]