Author Archives: Editor
WaMu settles with dissident creditor group
AP – Washington Mutual Inc. cleared a significant obstacle to approval of its latest bankruptcy reorganization plan after reaching an agreement Thursday with dissident creditors who had voted against it. Attorneys hammered out the settlement involving creditors who bought certain […]
Small Hedge Funds Draw Investments as Bigger Rivals Stumble
Bloomberg – Richard Maraviglia spent January flying to Zurich, New York, Chicago and Miami to raise $250 million for his hedge fund. Maraviglia, who now oversees about $610 million for Carlson Capital LP from London, raised the money because the […]
Hedge funds faulted for not being short-term enough
Reuters – Used to criticism for caring only about short-term profit, hedge funds are now being faulted for a failure to think short-term enough after losing out badly in last year’s volatile markets. A series of bad bets by hedge […]
Ex-M.Stanley Asia debt head readies hedge fund
Reuters – Morgan Stanley’s former head of fixed income for Asia-Pacific, Ranodeb Roy, is preparing to launch a hedge fund that will focus on liquid Asian interest rates, credit and foreign exchange, he told Reuters on Thursday. Singapore-based RV Capital […]
Hedge-Fund Big Paulson Eyes Hartford Breakup
AdvisorOne – On the heels of a weak quarterly earnings report for The Hartford, hedge fund manager John Paulson has stepped forward as a shareholder activist in a bid to force the insurance company into a breakup. Paulson & Co. […]
Hedge fund Tyrus profits from M&A revival
Reuters – Event-driven hedge fund Tyrus Capital has made a strong start to 2012, one of several managers to benefit from this year’s revival in European corporate deal making. The flagship $1.8 billion fund at the London-based firm, run by […]
Hedge Funds Go Gaga For Google
TheStreet – Google was the object of many desires during the fourth quarter, as several large hedge fund investors added to their positions in the Internet search giant. Legendary hedge fund investors such as George Soros, Lee Ainslie, and Stevie […]
Hedge Funds Forgiven for Slump by Insurers Shunning Low-Yield Bond Wagers
Bloomberg – Hedge funds are being spared punishment for their 2011 performance as insurers that suffered last year with lower-than-expected returns decide they won’t be able to do much better in the bond market. Policyholder-owned insurer FM Global plans to […]
World Economic Forum lists top 10 emerging technologies for 2012
Gizmag – Betting on the right technologies can allow schools to produce graduates better qualified to deal with a rapidly changing world, governments to more efficiently meet the needs of the populace, business to generate profits, and scientists to better […]
Billionaire Falcone: no LightSquared bankruptcy
Reuters – Hedge fund manager Philip Falcone is ruling out a bankruptcy filing for his telecom startup LightSquared Inc, one day after U.S. regulators said they planned to revoke approval for the company to build a national wireless broadband network. […]