Category Archives: Syndicated
Hedge fund votes against Telent sale
The agreed acquisition of Telent, the rump of Marconi, the telecoms equipment company, fell apart on Friday after the hedge fund that is the company’s biggest shareholder voted it down. Polygon, the activist hedge fund that holds 23.9 per cent […]
Hedge fund activists win Pep Boys board seats
SAN FRANCISCO (MarketWatch) — A group of hedge fund activists led by Barington Capital Group LP won a proxy battle against The Pep Boys — Many, Moe & Jack on Thursday, gaining four director seats on the board of the […]
SEC faces hedge fund deadline
NEW YORK (CNNMoney.com) — The Securities and Exchange Commission has only until Aug. 7 to decide whether to appeal a ruling against its hedge fund regulation measure – but how the SEC will proceed is far from clear. Last week […]
When hedge-fund selling bites Wall Street
Hedge funds are big business on Wall Street. And managing the issues of selling them is becoming a headache for some firms. Pipe Distributors Inc., a Texas company that buys and sells oil-field pipe, and its profit-sharing and retirement plans […]
Specifically for Hedge Funds
Insurance News Net – NEW YORK–(BUSINESS WIRE)–Aug. 2, 2006– OpenPrime(SM) Provides Hedge Fund Managers with End-to-End Capabilities — Including Trading, Order and Portfolio Management and Accounting Citigroup Corporate and Investment Banking today announced the launch of a front to back […]
Hedge Funds Lead GUS 3-0 in Debt-Default Tussle: Mark Gilbert
Aug. 3 (Bloomberg) — Chalk three up for bondholders’ rights. GUS Plc is losing the battle to split itself in two without compensating the holders of its 350 million pounds ($658 million) of notes repayable in 2013. The trustee for […]
Citi targets hedge funds with prime brokerage platform
Citigroup has launched OpenPrime, a trading and portfolio management system developed specially for the hedge fund market that is based on technology from France-based Linedata Services. OpenPrime will offer capabilities in four core areas – order and portfolio management, portfolio […]
Dynasty, once-hot China hedge fund, calls it quits
HONG KONG — One of the largest China-focused hedge funds has closed up shop, letting go some dozen employees and giving back money to investors. Dynasty Asset Management came apart amid huge gains this year in China’s publicly traded companies. […]
A&O and Herbert Smith take lead on latest hedge fund float
Hedge fund investor’s £216m listing on LSE marks second-largest hedge IPO this year.Allen & Overy (A&O) and Herbert Smith have secured prime roles on the £216m float of hedge fund investor CMA Global Hedge on the London Stock Exchange. CMA […]
Hedge funds prepare plans for Delphi restructuring
The two largest shareholders in Delphi are preparing a restructuring package for the bankrupt US car parts maker in an attempt to speed its exit from Chapter 11. Appaloosa Management and Harbinger Capital Partners, two hedge funds which between them […]
More Tobacco Money Heads to Hedge Funds – International News Service
Aug. 2–MORRISVILLE — The Golden LEAF Foundation decided Tuesday to increase its hedge fund investments by $24 million, using transfers from money now invested in stocks and bonds. Board members and their financial advisers said hedge funds’ reputation as risky […]
FSA fines hedge fund GLG Partners
LONDON (Reuters) – The Financial Services Authority said on Tuesday it had fined hedge fund manager GLG Partners and a former managing director of the firm, Philippe Jabre, 750,000 pounds each for market abuse. It is the first time the […]