Category Archives: Syndicated
High-flying fund manager under SEC scrutiny
CNN Money – Third Point Management, a New York hedge fund run by one of the country’s most outspoken and controversial investors, has come under investigation from the Securities and Exchange Commission. The $5.6 billion fund, whose founder Daniel Loeb […]
Hedge investors on cautious tack in choppy markets
Reuters – Funds of hedge fund portfolios are battening down the hatches in the current volatile markets by building up cash or steering clear of strategies with too much exposure to market movements. With returns in the hedge fund industry […]
Hedge Fund Buys Into Trucking Agency
West Palm Beach (HedgeCo.net) – In a Reglatory filing with the SEC, multibillion-dollar hedge fund, Tontine Associates, has bought 5% of trucking giant YRC, equaling 2.97 million shares of YRC common stock, for more than $48 million. Jeffrey Gendell, founder of Tontine Associates, has made […]
Nordic Commodity, ECM Post Top Power Hedge-Fund Gains
Bloomberg – Energy Capital Management and Nordic Commodity Funds AB’s hedge funds are outperforming the competition in European energy markets, where power prices fell as much as 17 percent last month from a record. Energy Capital’s MMT fund returned 19.2 […]
CSX ‘Welcoming’ Work With Activist Hedge Funds
CNBC – Cramer got a chance Thursday to check in briefly with CSX Chairman and CEO Michael Ward. Ward’s been a regular guest on Mad Money as his company has battled with activist hedge funds fighting to have him ousted. […]
Predictions for Hedge Funds
Wall Street Journal – Not long ago, hedge funds were reserved for a few wealthy investors and even fewer pioneering managers. Now 7,500 funds have nearly $2 trillion under management globally, according to Hedge Fund Research — increasingly from endowments […]
DLA Piper names Australian Luke Gannon to launch transactional funds
Hedge Week.com – DLA Piper has appointed Australian corporate and financial services lawyer Luke Gannon as a partner in its corporate group and head of the firm’s funds practice throughout Asia. Gannon, who will be based in DLA Piper’s Hong […]
Federal Reserve investigated Lehman rumors
Reuters – The Federal Reserve acted on rumors last month and called Credit Suisse Group to see if it had pulled a credit line from Lehman Brothers Holdings Inc, The Wall Street Journal said citing people familiar with the matter. […]
Loeb, Under SEC Probe, Defends ‘Give-and-Take’ With Other Funds
Bloomberg – Daniel Loeb, whose Third Point LLC is being investigated by regulators, said his "give-and-take” with other hedge-fund managers doesn’t violate securities laws. The U.S. Securities and Exchange Commission is probing New York-based Third Point, which manages $5.6 billion, […]
Turnberry Capital to liquidate its fund
Stamford Advocate – A Greenwich hedge fund company is among hundreds of the risky investment entities that have closed or are projected to close this year amid volatile equity and commodity markets. Turnberry Capital Management told investors last week that […]
Distressed funds circle Spain
Reuters UK – Vulture funds are finally saying debt from Spanish retailer Cortefiel is now cheap enough to buy, after waiting for months to see prices of the struggling company’s debt fall further. The funds, which have raised billions of […]