Author Archives: Editor
Billion Dollar Hedge Fund Mgr Goes After Putin And Russia, This Time In Europe
Forbes – Bill Browder, the founder of Hermitage Capital Management in London, is doing his best to embarrass Russian leader Vladimir Putin and the Russian government once again. After successfully and single-handedly lobbying for the passing of the Magnitsky Act in the U.S. Senate in […]
Hedge fund steps up Wausau Paper takeover attempt
Gannett – A Manhattan-based hedge fund this week continued its push to take over Wausau Paper with three new nominations for the paper company’s board of directors. Starboard Value LLC, which owns nearly 15 percent of outstanding Wausau Paper stock, […]
German Banks Will Consider Hedge Fund Exit, Fitch Says
Bloomberg – German banks may exit proprietary trading and hedge-fund businesses rather than set up separate units under a government plan to strengthen the finance industry, according to Fitch Ratings Ltd. The banks could opt to stop “restricted activities rather […]
Hedge-fund long positions in S&P 500 on rise
MarketWatch – Hedge-fund long positions in the S&P 500 Index rose in the past week, once again crowding long positions for speculators, according to a Bank of America Merrill Lynch note Monday. Large speculators bought $11.5 billion in S&P 500 futures […]
Inflection Strategic Opportunities Fund Posts 18.42% Net Return For 2012, Outperforms Benchmark Indices
Inflection Management Inc. today announced that the Inflection Strategic Opportunities Fund (“Inflection” or the “Fund”) delivered a net return of 1.58% in December 2012 and 18.42% for 2012, outperforming the Fund’s benchmark indices for both periods. “December capped a very […]
I.A. Englander’s Prime Services Division Selects Spotlight Financial Marketing for PR and Marketing Communications
Spotlight Financial Marketing (Spotlight), a full-service marketing communications firm focused exclusively on the financial services and technology sector, today announced that Israel A. Englander & Co. LLC (IAE) Prime Services division has selected Spotlight to provide public relations and marketing […]
The World’s Hottest Hedge Fund, Tiger Global, Has Quietly Sold Its Gun Stock
Forbes – Tiger Global Management in past months discreetly sold a stake in the largest public U.S. gun company, as critics vilified the firearm industry following the Sandy Hook Elementary massacre. Tiger Global established a sizable position in Sturm, Ruger […]
Analysis: Commodity hedge funds find money more scarce, pedigree pays
Chicago Tribune – Pierre Andurand, who managed $2 billion at his BlueGold oil hedge fund before it folded last year under heavy losses, is headlining a host of one-time commodity stars looking to make a comeback in a less merciful […]
JC Penney ensnared in hedge fund games?
CNN – JC Penney’s latest tangle has many folks speculating about whether there’s another hedge fund battle brewing. The retailer said it received a Notice of Default from law firm Brown Rudnick, which claims to represent an “ad hoc” group […]
Merchant Commodity Fund Cuts Jobs After Second Annual Loss
Bloomberg – The Merchant Commodity Fund, managed by Doug King and Michael Coleman, cut a third of its staff after two consecutive years of losses during which assets under management slumped almost 90 percent. The hedge fund cut five jobs […]
Cameron Demands Risk U.K. Becoming Hedge Fund Island for Merkel
Bloomberg – U.K. Prime Minister David Cameron and German Chancellor Angela Merkel are both talking up competitiveness — in two incompatible languages. Cameron’s determination to protect the financial-services powerhouse in London and tame what he sees as the bureaucratic leviathan known as the European Union risks […]