Category Archives: Syndicated
Adaptec says Steel Partners would gut company
Reuters – Adaptec Inc, target of a proxy war led by Warren Lichtenstein’s Steel Partners, said on Tuesday the activist hedge fund wants to gut the data storage technology company, shed assets and create an acquisition vehicle fueled by Adaptec’s […]
Hedge funds find new sweet spot in sugar
New York Post – Sugar is the new crude oil for investment-hungry hedge funds, which are pushing sugar prices near 30-year highs and ushering new global shortages. After their infamous and massive bets on crude oil sent prices doubling and […]
Prosecutors Present Evidence of Fraud in Cioffi Case
New York Times – Ahead of a scheduled trial next month, prosecutors have identified “direct evidence” that they say shows a former hedge fund manager, Ralph Cioffi, used his investment in a fund he controlled to obtain a $4.2 million […]
Fixed-income trading by U.S. hedge funds down 40%, study says
Connecticut Post – Fixed-income trading by hedge funds slid 40 percent in 2009 as the credit-market crisis forced adjustments in their trading practices, according to a study by consulting firm Greenwich Associates. Hedge funds are more likely than other types […]
Geneva Funds See Inflows for First Time Since Madoff
Bloomberg – Geneva’s funds of hedge funds saw client inflows for the first time in 11 months in August, halting a slump that accelerated after losses related to Bernard Madoff’s Ponzi scheme. Net inflows were $30 million, after withdrawals of […]
Paulson mulls CIT-IndyMac merger: report
Reuters – Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group Inc with failed mortgage lender IndyMac Federal Bank, the New York Post said, citing people familiar with the matter. CIT shares rose 9.6 percent, […]
Hedge funds still to make mark in India
Global Investor – Hedge funds are yet to make their presence felt in India, according to panelists at the Asia Securities Financing Master Class. Hedge funds are yet to make their presence felt in India, according to panelists and participants […]
GLG launches distressed fund targeting European company debt
CityWire – Hedge fund giant GLG Partners has launched a fund to exploit the debt problems across European corporations, according to report in the Financial Times. GLG, one of the world’s largest alternative asset managers, is said to have started trading […]
Hedge Funds Reborn
Forbes – Hedge fund managers (and would-be hedge fund managers) may finally have reason to celebrate this year — new fund launches are on the rise. If they keep up at this pace, it could be the first year since […]
Fatal escalator fall at The Pier at Caesars ruled accidental
Atlantic City – Authorities are calling James P. Vellanti’s 30- to 40-foot fall from an escalator early Sunday at The Pier at Caesars an accidental death. Atlantic County Medical Examiner Dr. Hydow Park found multiple traumatic injuries in Vellanti’s autopsy. […]
Hedge funds profit from stock sales
Connecticut Post – Hedge funds that in the past sought to profit from rising and falling equities are gaining by buying into companies that sell shares to cut debt and fund purchases, according to SAC Global Investors LLP’s Rob Leach. […]