Author Archives: Editor
Tribune puts spotlight on hedge fund battler
Leave it to a hedge fund named for a philosophical Roman emperor to try to turn a contentious corporate bankruptcy into a campaign for decency and morality. Mark Brodsky, chairman of Aurelius Capital Management, is at the center of a […]
Stamford hedge fund manager pleads guilty to massive fraud scheme
CTPost – The wealthy owner of a group of Stamford-based hedge funds pleaded guilty Monday to five federal charges, and two of his co-defendants are under arrest in Florida for their role in a massive Bernard Madoff-like Ponzi scheme that may […]
GlobeOp: Best North American Hedge Fund Administrator
GlobeOp Financial Services has been named Best North American Hedge Fund Administrator‘’ by the subscribers of industry trade publication Hedgeweek. According to Hedgeweek, the 2010 awards “recognised the increased focus on transparency, consistency and depth of expertise in the new […]
Hedge Fund Acquisitions: Magnetar Buys Metallurgical and Steam Coal Company
New York (HedgeCo.net) – $7.5 billion hedge fund investor Magnetar Capital announced that Lightfoot Capital Partners, LP has entered into a definitive agreement to sell its interests in International Resource Partners LP, a metallurgical and steam coal company, to James […]
Hedge Fund Industry Donates Close to $2 million at NY Gala
New York (HedgeCo.net) – Hedge Funds Care announced that hedge fund industry participants donated nearly $2 million at the charity’s 13th Annual Hedge Funds Care New York Open Your Heart to the Children Benefit. The gala, which drew together approximately […]
Citigroup in, Goldman out at top funds
Reuters – Top hedge funds turned conventional wisdom on its head in the fourth quarter by swapping out Wall Street powerhouse Goldman Sachs Group Inc for battered bailout survivor Citigroup Inc. Viking Global Investors manager Andreas Halvorsen sold off all his […]
Activist investors eye bumper 2011 as market improves
City AM – Hands-on investing is on the rise. It is not just hedge funds – increasingly, all shareholders are being encouraged to be more assertive. This year has started well for activist investors, those outspoken stake-builders that push boards […]
Top hedge funds’ fresh commodity bet: plastics
Reuters – That well-known line from the classic 1967 movie “The Graduate” may sum up the recent investment strategy of some top hedge fund managers, including James Dinan and David Einhorn. A wave of managers snapped up shares of LyondellBasell […]
Hedge funds head for Malta to escape regulation
FT – Some of London’s biggest hedge fund managers are shifting their operations to Malta in response to both the rising costs of business and the growing regulatory burden in the UK. The Mediterranean island is emerging alongside traditional rivals to […]
Top funds sell some Apple, Google
Reuters – Nervous analysts have worried for years that the stellar stock prices of technology giants Apple Inc and Google Inc could tumble back to earth. Now some top hedge fund managers like Steve Mandel and Lee Ainslie appear to be […]