Category Archives: Syndicated
Bill Ackman’s hedge fund made over $160 million on Burger King’s rally
MarketWatch – Bill Ackman must be a happy man Monday, as his hedge fund’s investment in Burger King Worldwide is now worth about $163 million more than it was on Friday. Ackman’s Pershing Square Capital Management owns 38,387,865 shares of Burger […]
This Massive Hedge Fund Company Sold Warren Buffett’s Company. Should You Buy?
The Motley Fool – We should never blindly copy any investor’s moves, no matter how famous or successful the investor. Still, it can be useful to keep an eye on what smart folks are doing. 13F forms can be great […]
Hedge Fund Crude Bets Tumble Amid Surging Global Supply
Bloomberg – Speculators are the least bullish on U.S. crude oil prices in 16 months as refinery maintenance weakens demand at a time when Libya and Iraq are swelling global supplies. Futures dropped a fifth consecutive week after money managers […]
Citigroup Dealing With “Bad Actor” Restrictions on Hedge Fund Sales
ValueWalk – According to an August 22nd article in the Wall Street Journal, Citigroup Inc (NYSE:C) is facing “bad actor: restrictions relating to its recent settlement with U.S. regulators. The restrictions prevent the bank from selling investments in hedge funds […]
Hedge Funds in Puerto Rico’s power authority accord include Redwood, Knighthead
Reuters – Hedge funds negotiating with Puerto Rico’s public power authority PREPA over a possible restructuring of more than $8 billion in bonds include two involved in Argentina’s protracted bond negotiations, Knighthead Capital Management and Redwood Capital Management, according to […]
Hedge funds gave Mugabe $100M for genocide, got platinum mines in return
Boing Boing – Zimbabwe’s dictator Robert Mugabe unleashed a storm of brutal, genocidal violence after losing the 2008 elections — and now we know that it was funded by western hedge-funds and banks, led by Och-Ziff Capital Management, the largest […]
Hedge Fund Fir Tree Partners Blasts Hertz CEO
Forbes – Fir Tree Partners, the hedge fund firm founded by Jeffrey Tannenbaum, issued a statement on Thursday, saying Hertz CEO Mark Frissora “has completely lost credibility.” Fir Tree said it was making its remarks in response to a statement […]
Republican lawmaker slams SEC over unauthorized leaks to media
Reuters – A Republican lawmaker slammed the U.S. Securities and Exchange Commission over leaks of confidential information to media outlets, including Reuters, calling the disclosures “unacceptable.” Representative Jeb Hensarling, who leads the House of Representatives’ Financial Services Committee, said in […]
London hedge fund executives see pay packets halve as bonuses plummet
Guardian – Hedge fund executives in London saw bonuses plummet last year, resulting in their pay packets being less than half of what they were 12 months ago. The average bonus paid to a partner or a managing director of […]
The Hedge Fund and the Despot
Bloomberg – At 6 feet 2, James McGee announces his military background through his bearing. His hair is now platinum, his shoulders often thrust back. Raised during the 1950s and ’60s in the shadow of the steel mills of Gary, […]
Activist Hedge Fund Claims Victory Over Bob Evans
NYT – After nearly a year of pushing for change at Bob Evans Farms, the activist hedge fund Sandell Asset Management is claiming victory. Sandell said on Wednesday that it had won at least five seats on the board of […]
UBS Hedge Fund Takes REIT Chips Off The Table
Benzinga – After the bell on August 20, 2014, Bloomberg reported that the $5.6 billion hedge fund, UBS O’Connor LLC, a unit within Swiss banking giant UBS, had sold off more than $900 million of shares in U.S. REIT holdings, […]