Category Archives: Syndicated
Blackstone Cancels Plan for Asian Event-Driven Fund
Bloomberg – Blackstone Group LP, the world’s biggest buyout company, canceled a plan to start a hedge fund that initially aimed to invest as much as $1 billion in Asian companies affected by events such as mergers and reorganizations. Blackstone […]
Ye Starts Own Fund After Leading Pinpoint Hedge Fund’s 71% Gain
Bloomberg – Fion Ye, who led the Pinpoint Rising China Fund to a 70.9 percent gain last year, has started a new asset management company aiming to profit from the country’s growing sway over global commodity markets. Ye and former […]
Tales From the Hedge Fund Crypt
Reuters – What is it about siblings and the White House? Jimmy Carter had Billy, Hillary Clinton had Hugh Rodham, and George W. had Neil Bush. If Abel got elected president, it’s a near-certainty that Cain would have skipped the […]
‘Hedge Fund Man’ for next president
Pottstown Mercury – I have seen the future of conservatism and … he is a hedge fund manager. I refer to hedge fund manager Clifford S. Asness, and I’m only halfway kidding. Or maybe I’m not kidding at all. The […]
Indian-American gets 10-year jail for $12.5 mn fraud
Siliconindia.com – An Indian-American investment adviser has been sentenced to 10 years in prison following his conviction on 20 counts of fraud with a scheme that bilked 15 investors of $12.5 million. Amit Mathur, 38, of Shrewsbury, Massachusetts, was also […]
Chemed spars with hedge fund over board nominees
Reuters – Hospice-care provider Chemed Corp, which also offers plumbing services under the Roto-Rooter brand, is urging shareholders to reject a hedge fund’s proposal to nominate five dissident directors to Chemed’s board. Chemed has asked shareholders to discard proxy cards […]
AIG trustee aids offshore hedge funds
The battered insurance giant AIG returns to Capitol Hill Wednesday facing another frosty reception in Congress – where three AIG trustees appointed by the U.S. government will make their public debut amid growing skepticism over their role at the company. […]
Trustee pursues Cayman Islands hedge fund
Caribbean Net News – Cayman Islands hedge fund Harley International Ltd withdrew $425 million from swindler Bernard Madoff in the three months before his arrest, according to a lawsuit seeking more than $1 billion from the fund. The lawsuit on […]
David Geffen loses bid for stake in New York Times
PerthNow – Mr Geffen tried to acquire a 19 per cent stake in the New York Times Company that was held by Harbinger Capital Partners, the activist hedge fund, but was rebuffed, it emerged overnight. Since 1896, the newspaper has […]
California Investment Agent Pleads Guilty in NY Probe
American Chronicle – A Los Angeles businessman has pleaded guilty to corruption charges in a pension fund scandal that began in New York and is heading west. Julio Ramirez Jr.’s guilty plea to securities fraud, revealed Tuesday in New York, […]
Hedge fund turmoil a boon for family offices
Guardian Unlimited – Tumbling markets and redemption waves have been murder on hedge funds, but the turmoil will free up top-tier talent for a quiet but well-heeled corner of the market: family offices. The world’s wealthiest, not content to hand […]