Category Archives: Syndicated
Telus counters ‘misleading allegations’ from Globalive, dissident shareholder
FP – Telus Corp. has rebuffed claims it’s offside with Canada’s foreign-ownership laws, filing documents with regulators on Monday denying what the wireless carrier calls “misleading allegations” made by competitor Wind Mobile and a dissident shareholder. As of June 29, […]
John Paulson Said to See 50% Odds Euro to Fail
BusinessWeek – Billionaire hedge-fund manager John Paulson told clients he sees a 50 percent chance the euro will unravel, said an investor who listened to the comments. An event causing a breakup may happen in three months to two years, […]
“Black box” fund may not be enough to revive Man
Reuters – A recent uptick in the performance of its flagship AHL fund may not be enough of a cure for hedge fund manager Man Group after a sharp fall in assets, analysts said. The firm, whose shares have lost […]
E.U. Moves to Make LIBOR Rigging Illegal
Reuters – Manipulating market benchmarks in the European Union would be illegal under a draft law being proposed next week after Barclays’ admission of rigging the London-based LIBOR rate, the E.U.’s executive body said on Friday [July 20]. The European […]
Hedge Fund Places Faith in Euro Zone
Marc Lasry has never been afraid to go his own way. Marc Lasry, left, chief of Avenue Capital, and Richard P. Furst, who directs the company’s European strategy. While other Wall Streeters who supported President Obama in 2008 are rushing […]
Ackman Protege Ferguson To Leave Pershing To Start Fund
Bill Ackman, the hedge-fund manager who is pressing for changes at Procter & Gamble Co., is losing the first analyst he hired for his Pershing Square Capital Management LP, according to a letter to investors. Scott Ferguson, now a partner […]
Van Eck acquires a hedge fund beta business from Lyster Watson
AM – Van Eck Associates, a US investment management firm, has acquired a hedge fund beta business and team from Lyster Watson, to offer a suite of strategies known asTrackers. According to the acquirer, Trackers are hedge-style “beta” strategies, which […]
Hedge Fund Manager Loses Battle Over $1 Million Shoe Collection
Gawker – In an anti-climatic finish to the Court Case of the Century, hedge fund manager Daniel Shak withdrew his lawsuit seeking his share of his ex-wife’s million dollar shoe collection. Beth Shak, the ex-wife, and, according to the New York Post, a “pretty […]
Hedge Funds Lag Behind a Generic Stock/Bond Mix
BusinessWeek – Before they discovered hedge funds, pension funds and school and foundation endowments typically held portfolios with 60 percent in equities and 40 percent in bonds. Many would be better off if they had stuck with that formula. Hedge funds have […]
Traxis To Liquidate Biggs’s Hedge Fund Into Another Pool
Bloomberg – Traxis Partners LP, the $1.2 billion hedge fund started by Barton Biggs, told clients it will liquidate a vehicle he managed and transfer the assets to another pool following his death over the weekend. The Traxis Global Equity Macro […]
New Asia hedge funds raise US$2bil in first half
The Star – New Asian hedge funds raised US$2bil in the first half of the year, an increase of 50% over the capital they raised in the previous six months, a survey by industry tracker AsiaHedge shows. The number of […]
Key witness in history’s largest hedge fund insider trading case gets 2 years’ probation in NY
Newser – A former financial consultant-turned-government witness was spared prison time Thursday and given only two years of probation after prosecutors credited him with helping convict a pair of Wall Street titans on insider trading charges. Anil Kumar had pleaded […]