Author Archives: Editor
Australian Litigation Funder Launches CDO Suit Against ABN, S&P in Europe
Hedge World – Litigation funder IMF Australia said it will back lawsuits in Europe related to billions of dollars worth of toxic derivatives created by ABN AMRO Bank N.V. and rated Triple-A by Standard & Poor’s after winning a similar case […]
TPG-Axon Moves Ahead With Plan to Oust SandRidge Board
Reuters – Hedge fund TPG-Axon moved ahead with its effort to oust the board of U.S. oil and gas company SandRidge Energy Inc., saying it would file consent solicitation documents with U.S. regulators on Monday [Dec. 24]. TPG-Axon, which owns 6.7 percent […]
Porsche Wins Dismissal of Hedge Fund ‘Short Squeeze’ Lawsuit
NYT – A New York State appeals court dismissed a lawsuit brought by hedge funds against Porsche on Thursday, handing the German automaker a big victory in the long-running legal battle over its controversial takeover of Volkswagen. The Appellate Division decided that the […]
Houston energy hedge fund raised $7.6M from certain investors
Houston Business Journal – RVI Partners LP, a Houston energy hedge fund that trades commodities, has raised $7.62 million from certain investors since it launched in March 2011, documents filed with the U.S. Securities and Exchange Commission show. The hedge […]
Bill Ackman Vs. Herbalife Is ‘The Hedge-Fund Equivalent Of Stalingrad’
A few days ago I wrote a post describing shorting multi-level marketing schemes as akin to the Battle of Stalingrad. Little did I know that Bill Ackman was shorting well over a billion dollars in Herbalife stock. Read Complete Article
UK To “Forgive” Backlog of Wealthy Tax Evaders
New York (HedgeCo.Net) – UK bankers, hedge fund managers and celebrities are being offered a chance to settle income tax avoidance schemes estimated to have sheltered more than £3.5bn ($5.6 billion) through film financing structures and other tax-motivated partnerships, the Guardian reports. The […]
US Treasury warns of ‘extraordinary measures’ amid fiscal cliff deadlock
Guardian – US Treasury secretary Tim Geithner warned on Wednesday he would have to take “extraordinary measures” to avoid a default on the US’s legal obligations as the country is set to breach its $16.4tn (£10.16tn) debt limit. In a […]
Hedge Fund Hit as Marvell (MRVL) Slammed on Patent Ruling
StreetInsider – David Einhorn, of Greenlight Capital, is seeing millions vanish before his eyes following an adverse patent ruling today that could end up costing Marvell $1.17 billion or more. Einhorn had 18,372,247 million shares in the first-quarter of 2012, […]
What SEC chief needs to OK hedge fund ad rule
MarketWatch – Observers say the new chairman of the Securities and Exchange Commission can succeed at brokering a deal to relax decades-old rules that have kept hedge funds, buyout shops and small businesses from publicly advertising, even with a deadlocked […]
Israel Hedge Funds Defy Iran Threat Multiplying in Tech Center
BusinessWeek – Tal Keinan, an Israeli fund manager, was ready for the question he’s always asked when he met with investors in New York in October: Why put your money with a manager whose country Iran has threatened to obliterate. […]
Hedge Fund Seeks Ouster of SandRidge Energy’s Board
NYT – A New York hedge fund filed papers with federal securities regulators on Wednesday seeking to oust the board at SandRidge Energy, the latest salvo in its continuing campaign against the struggling Oklahoma City oil and gas company. The […]
The Hedge Fund Hunger Games
BusinessWeek – The first idea that Tim Harrington, Brian Tomeo, and Spencer Deering had for a business was to gather up brand-new hedge funds and nurture them. They’d invite them to make use of their office in Miami Beach, where […]