Category Archives: Syndicated
Hedge Funds As Breakers, Not Makers, Of News
CNNMoney.com- Hedge funds hate to see their names in the headlines, but lately, they’ve been the ones breaking the news about companies they invest in. Daniel Loeb’s Third Point LLC disclosed in a Monday regulatory filing that Maguire Properties Inc. […]
Hedge funds with high ambition
Times Online- Philip Falcone is used to demanding change from underperforming company executives, but yesterday he took Harbinger Capital, his activist hedge fund, into new territory. Complete with financial advisers and a big stake, Harbinger broke cover as a traditional […]
Carlyle Group to invest 87 mln usd in Chinas Sinorgchem
Quamnet.com – Private equity firm Carlyle Group said it has agreed to invest 87 mln usd in Shanghai-based chemical company Sinorgchem (Group) Co. Sinorgchem is the largest Chinese supplier of para-phenylenediames (PPDs), a key chemical additive in the production of […]
Asian Funds Increase Use of Multiple Prime Brokers, Survey Says
Bloomberg- Asian hedge funds are increasing their use of multiple prime brokers after the U.S. subprime mortgage market collapse heightened the risk of relying on a single investment bank for brokerage services, an AsiaHedge survey found. Hedge funds that are […]
Hedge funds turn lives into a game
Taipei Times- Two years there was a music festival at Knebworth, in central Britain, that was very different. At “Hedgestock” 4,000 hedge fund managers and investors paid US$1,000 a ticket for a weekend of rock’n’roll, champagne, laser clay pigeon shooting […]
JPMorgan Marathon Embrace Begins Dimon Lure of Lost Hedge Funds
Bloomberg- A year after Andrew Rabinowitz yanked his hedge fund’s cash from Bear Stearns Cos. because of concern the Wall Street firm wouldn’t make good on its trades, he’s ready to return. For Rabinowitz’s New York-based Marathon Asset Management LLC, […]
Coca-Cola agrees to $137.5 mln settlement in case
Reuters- Coca-Cola Co (KO.N) agreed to pay $137.5 million to settle a shareholder lawsuit that claimed the world’s largest soft drink maker artificially inflated sales to boost its stock price, according to court documents. The lawsuit, filed in October 2000, […]
Hedge Fund Report; Bear Buyout Could Cost Taxpayers
New York Post- Taxpayers are all but certain to take a hit on the securities the Federal Reserve accepted as part of JPMorgan Chase’s takeover of Bear Stearns, according to a report by a hedge fund that is an investor […]
Recent failures slow growth of Icahn
Boston Globe- Carl Icahn has hit the roughest patch of his hedge fund career. His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds opened in November 2004, according to […]
Schroders China JV to launch first overseas fund
BEIJING (Reuters) – Bank of Communications Schroders Fund Management Co is aiming to raise up to 1 billion yuan for its first overseas fund later this month, despite sliding global financial markets, two company sources said. Poor market conditions have […]
Hedge fund SAC Capital cuts stake in Take-Two
Reuters- Hedge fund SAC Capital reported on Wednesday that it had cut its stake in Take-Two Interactive Software Inc to 4.4 percent from 5.3 percent. The fund did not give a reason for the recent stock sales in a filing […]