Category Archives: Syndicated
Hedge funds stalk Yankee Stadium parking lots by buying bonds
CTPost – Hedge funds specializing in distressed debt are buying municipal bonds backed by parking lots and garages at the new Yankee Stadium, which face a payment default as soon as next year, according to two people familiar with the purchases. […]
Fund Investors Take a Hit from the Supreme Court
MoneyWatch – Last week the Supreme Court struck a blow against the rights of mutual fund investors, and in the process might have opened a Pandora’s box, providing corporate America a road map that will allow them avoid liability from investor […]
Pershing Square’s Ackman Said to Consider Selling Shares in Hedge Fund
Bloomberg – Bill Ackman, known for investing in companies to press for changes, is considering selling shares in a hedge fund to secure more permanent capital for investments, according to a person familiar with the matter. An initial public offering […]
Hedge funds and other buy-side firms concerned about the impact of central counter party clearing
Opalesque London – Regulatory changes in Europe and the US are driving buy side firms to focus on the management of their collateral according to a study published by risk solutions firm Algorithmics and Chromozome Consulting, a niche collateral management consultancy. […]
Third fund joins in tussle over troubled Healthcare Locums
Evening Standard – A third big investor today weighed in to the battle for the future of troubled recruitment group Healthcare Locums after last week’s revelations that a hedge fund was planning a deal that would massively dilute the holdings […]
Ackman eyes ways to raise more permanent capital
Reuters – Hedge fund superstar William Ackman is considering creating a different investment vehicle that would allow him to raise fresh permanent capital for his activist bets while still giving investors access to their money, three people familiar with his […]
Networker Used Friends to Help ‘Hedge Fund Paymasters,’ U.S. Tells Jury
Bloomberg – A former Primary Global Research LLCconsultant got friends at Nvidia Corp. (NVDA) and Marvell Technology Group Ltd. (MRVL) to give her financial data she sold to her “hedge fund paymasters,” a prosecutor told a jury. “This was a brazen insider-trading scheme, and […]
Industry accepts new hedge fund fee
Cayman News Services – The government have introduced only one new revenue raising measure in the 2011/12 budget and it will be levied against the hedge fund sector. The new fee will apply to ‘master funds’ that form part of […]
PCA gets Hong Kong licence for $750 mln hedge fund
Reuters – PCA Investments has won an asset management licence from Hong Kong’s market regulator, clearing it to launch its planned hedge fund aimed at raising more than $750 million. PCA, or Principia Capital Advisors, received the licence on Thursday, […]
WaMu Settlement With Shareholders Over Reorganization Said to Collapse
Bloomberg – Washington Mutual Inc.’s agreement with shareholders, aimed at ending opposition to the company’s more than $7 billion reorganization proposal, has fallen apart, three people with direct knowledge of the negotiations said. The talks broke down over how to […]
Hedge funds back Moss Capital to run Charter Hall
The Australian – A trio of hedge funds are proposing that Moss Capital — founded by the former head of Macquarie Group’s property business Bill Moss — become the new manager of the Charter Hall Office REIT. The hedge funds, […]
S.Korea revises regulations to allow homegrown hedge funds
Reuters – South Korea said on Thursday it would revise capital market regulations to allow homegrown hedge funds, betting the move would grow its financial industry, improve market liquidity and encourage funds into new business areas. The revision comes after the […]