Category Archives: Syndicated
Hedge fund buys 6.9% stake in Gaylord
Nashville Tennessean- A filing made with the Securities and Exchange Commission Thursday revealed another institutional investor who placed large bets on shares of Nashville-based Gaylord Entertainment as its stock price drifted to new lows almost two weeks ago. New York-based […]
Iraqi Babylon Fund Maintains in June
West Palm Beach (HedgeCo.Net)- So far this summer, with only some slight exaggeration, Iraq could comparatively be portrayed as a stable, safe & secure place, according to the Fact Sheet for June 2008 for the Iraqi Babylon Fund. Relative calmness […]
Singapore fund management assets up 32 pct
Reuters Singapore- Assets managed by fund managers in Singapore grew 32 percent to S$1.173 trillion (431 billion pounds) last year, driven by a doubling in assets held by hedge funds, the central bank said on Thursday. "This is the seventh […]
CSX board to meet, but agenda uncertain
Miami Herald- CSX is resuming its annual meeting in Jacksonville, but it is uncertain what will be on the agenda. When the board met in June in New Orleans, it halted the meeting so it could continue counting votes for […]
Hedge funds turn institutionalised
The Financial Standard- The global hedge fund space is undergoing a period of radical change as large hedge funds become institutionalised, new research shows. According to international strategy consultancy Celent, large hedge funds are undergoing institutionalisation as US pension plans […]
Service Corp. Lures Hedge Fund Bets on Boomer Deaths
Bloomberg- Service Corp. International, the biggest U.S. funeral-home and cemetery owner, is becoming a magnet for hedge funds which see the rising death rate among Baby Boomers as the surest way to resurrect the company’s shares. Steven Cohen’s SAC Capital […]
China-focused funds raise $12 bln in Q2
Reuters Shanghai- Ten new China-focused private equity funds raised $12 billion (six billion pounds) in the second quarter, but poor market conditions have forced foreign funds to delay exits of their investments through IPOs and secondary offerings, consultant firm Zero2IPO […]
Failed Sowood hedge fund manager raising new money
Reuters- One year after Jeffrey Larson lost about $1.5 billion in one of the hedge fund industry’s most spectacular collapses, he is trying to raise fresh capital for a new fund, people familiar with his plans said. "Larson is back […]
GSA eyes $1 bln limit for Alpha Capture hedge fund
Reuters- Hedge fund firm GSA Capital plans to raise a further $200-$300 million for its new Alpha Capture fund, which aims to use top stock ideas from investment banks for its trades, the company told Reuters. Alpha Capture, which was […]
Bahrain’s Investcorp H2 profit slumps on global woes
Reuters Dubai- Bahrain-based investment bank Investcorp’s INVB.BH profit in the six months to June 30 fell to about a third of the year-ago period as asset-based income dropped on global economic woes. The company, which generates most of its income […]
Hedge fund guru calls bottom of market. Well, sort of…
CityWire.co.uk- Punch-drunk investors have – perhaps a little predictably – interpreted the news as Paulson preparing to call the bottom of the market. And it is certainly an interesting development from the man widely considered to be the ‘greatest’ financial speculator since […]
Tokio Marine to buy Philadelphia Cons
Reuters Tokyo- Tokio Marine Holdings Inc plans to buy non-life insurer Philadelphia Consolidated Holding Corp for about $4.7 billion (2.4 billion pounds), in the largest acquisition by a Japanese financial firm in the United States. Tokio Marine, Japan’s largest non-life […]