Category Archives: Syndicated
Hedge Funds File New Mega Lawsuit Against Porsche
WSJ – Luxury Italian sports car maker Porsche is facing a new lawsuit linked to its failed takeover bid for Germany’s Volkswagen. An additional 25 hedge funds, including David Einhorn’s Greenlight Capital, Viking Global Equities and Glenhill Capital, are suing Porsche in German […]
Gold Posts 6th Consecutive Loss, Hedge Funds Still Interested?
CheatSheet – On Thursday, gold futures for June delivery, the most active contract, declined $9.30 to close at $1,386.90 per ounce, while silver futures for July traded flat to finish at $22.66. Gold has now closed lower for six consecutive […]
Occupy hedge funds: when private investment funds and the public collide
Guardian – I’m sure you’ve all heard Groucho Marx’s famous explanation for why he resigned from a club that solicited his membership: “I don’t want to belong to any club that would have me as a member.” It’s looking likely […]
City Diary: Around the world in 360 parties, says hedge fund reveller
The Telegraph – Dust down the jewels – and the chequebooks. Hedge fund godfather Lord Stanley Fink and his business partner David Johnstone have filled the gap left by last month’s demise of the Ark hedge fund extravaganza. Lord Fink, a […]
The Dow Jones Credit Suisse Hedge Fund Index Finished Up 1.39% in April
The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 1.39% for the month of April. Performance for the Broad Index and its 10 sub-strategies is calculated monthly. March, April and YTD 2013 performance numbers are listed […]
Hedge fund billionaire Loeb says Sony reminds him of Yahoo
Money Control – Billionaire hedge fund manager Daniel Loeb says Sony Corp reminds him of Yahoo Inc before he waged a bitter proxy fight that triggered a boardroom shake-out at the Internet company last year. Loeb’s Third Point hedge fund has […]
Hedge funds pressure Dell offer
Boston – Several top stock-picking hedge funds bought about 30 million shares of PC maker Dell in the first quarter, possibly increasing pressure on company founder Michael Dell to improve his bid to take the company private. Dell is embroiled […]
Activist hedge fund reveals Groupon stake
Chicago Tribune – JANA Partners, an activist hedge fund run by billionaire Barry Rosenstein, has revealed a stake in Groupon and Zynga, two of the most battered technology stocks. Shares of both companies jumped on the news. JANA, which oversees more […]
Soros Joins Gold-Stake Cuts Before Bear Market Drop
Bloomberg – Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 […]
Why Fund Managers May Be Right About the Fed
DealBook – The economics world has been having a lot of fun with hedge fund managers. After several such managers at a recent conference denounced the aggressive money-printing policies of Ben S. Bernanke, the Federal Reserve chairman, the economic blogosphere rose […]
Kickboxing Oil Trader Pursues KO at New Hedge Fund
Bloomberg – The impact of leather on leather imparts a pleasing crack as Pierre Andurand releases a combination of jabs and hooks onto pads being held by his coach. Powerful shoulders hint at a past as an elite swimmer in […]
New Listing Provides Chinese Investors Access to U.S. Securities for First Time
The NASDAQ OMX Group, Inc. today announced that China’s first cross-border exchange-traded fund (ETF), based on the NASDAQ-100 Index(R), has begun trading on the Shanghai Stock Exchange. The Guotai NASDAQ-100 Exchange-Traded Fund (Symbol: 513100), sponsored by Guotai Asset Management, was […]