Category Archives: Syndicated
Ex-TPG Axon’s Kumar Stops Raising Investor Money for LionRock Hedge Fund
Bloomberg – LionRock Capital Pte, run by a founding partner of TPG-Axon Capital Management LP, will stop seeking outside investors for its hedge fund that will focus on managing the partners’ money. “I can confirm that LionRock will no longer […]
In Cantor, hedge funds and private equity firms have voice at debt ceiling negotiations
Washington Post – As the debt-ceiling talks tick down to the Aug. 2 deadline, leading the opposition to any deal that includes higher taxes is the new tribune of rank-and-file House Republicans: Majority Leader Eric Cantor of Virginia. Cantor’s pivotal role […]
Ex-Citigroup Hedgie Seeks Stake In Israel Englander’s Millennium
Barron’s – It seems that Israel Englander, whose Millennium Management is arguably one of the most profitable hedgies in the business, isn’t resting on his laurels. He’s floating a minority stake in his powerhouse trading firm, reports the WSJ. Interestingly, […]
Gold Advances to Record as U.S. Debt Deadlock
Bloomberg – Gold climbed to a record in London and New York as U.S. lawmakers failed to reach an agreement on raising the federal debt limit, boosting demand for the metal as a protection of wealth. U.S. House Speaker John Boehner […]
Beyond the debt crises
Reuters – A late-summer bounce beckons for stocks and other higher-risk assets if U.S. officials can follow Europe in at least delaying a deeper crisis over growing government debt. Broadly, asset managers have so far reacted to the debt troubles on […]
Chinese hedge fund Springs Cap expands to HK in growth push
Reuters – Chinese hedge fund Springs Capital is expanding its presence to Hong Kong as it looks to strengthen its expertise on H shares and win more offshore clients, a top executive said on Monday. The firm, managing about $700 […]
Judge Blocks Dodgers From Tapping Hedge-Fund Loan
NYT – A Delaware bankruptcy judge rejected embattled Los Angeles Dodgers owner Frank McCourt’s attempt to use the team’s Chapter 11 case to circumvent Major League Baseball, ruling Friday that the team could not use a $150 million loan from […]
Cohen’s SAC Capital Seeks to Disqualify Law Firm Kasowitz in Fairfax Suit
Bloomberg – Steven A. Cohen’s SAC Capital Advisors LP asked a judge to disqualify the law firm that sued it and other hedge funds on grounds the firm’s investigators talked with a defendant who was represented by counsel. SAC Capital […]
Why Apple, Soros Fund are Hoarding Almost $100 Billion in Cash
International Business Times – Apple is hoarding $76 billion in cash. George Soros’ hedge fund (run by Keith Anderson) is nearly holding $20 billion in cash, or 75 percent of the assets under management, reported Bloomberg, citing unnamed sources. Combined, […]
K1 Hedge Fund Founder Kiener Is Jailed for 10 Years in Ponzi-Scheme Fraud
Bloomberg – K1 Group founder Helmut Kiener was convicted of defrauding investors with a 345-million euro ($497 million) Ponzi scheme and sentenced to 10 years and eight months in prison. Kiener, 52, was found guilty of fraud, forgery and tax evasion by […]
Paulson Said to Hire Hong Kong Specialist After Sino-Forest Loss
San Francisco Chronicle – John Paulson said he will hire a specialist in Hong Kong for his $37 billion Paulson & Co. hedge fund after losses tied to Sino-Forest Corp., according to two people briefed on the matter. Sino-Forest, the Chinese forestry […]
FSA raids UK asset manager
FN – A spokeswoman for the FSA said: “The FSA can confirm that this morning it executed search warrants on two premises in London and one in Chichester. The FSA’s regulatory investigation is on-going.” She declined to comment further. The […]