Category Archives: Syndicated
Stocks’ ratings shape Schwab’s Hedged Equity
Seattle Times – Schwab Hedged Equity Fund’s Vivienne Hsu bets on, and against, stocks according to ratings her firm assigns. Otherwise, she might not own Payless ShoeSource, the fund’s second-largestholding. Payless, which operates about 4,600 shoe stores, amounted to 3.4 […]
Angry CEO takes aim at short-sellers and cohorts
San Diego Union-Tribune – It didn’t take long once Utah’s Overstock.com became a publicly traded company for Patrick M. Byrne to show he is no ordinary company president. He quoted Chairman Mao in a letter to shareholders. He said investors […]
NYSE, SEC are going for Bear
New York Post – As they clobbered Bear Stearns with a $250 million fine for market timing, Wall Street regulators warned they would soon be pursuing “current and former” executives of the glitteringNew York investment firm. Yesterday, Bear also reported […]
Vodafone draws buyer’s Interest
Pasadena Star-News – Investment firms Providence Equity Partners Inc. and Cerberus Partners LP are readying a roughly $15 billion bid for a Japanese unit of British mobile-phone operatorVodafone Group PLC, according to a person familiar with the discussions. Banks that […]
Hedge funds cook up new ways of making money
Reuters.uk – Hedge funds are cooking up new strategies in the loans, oil derivatives and agricultural futures markets to satisfy investor appetite for higher returns, PSolve Alternative Investmentstold Reuters. An excessive number of players in traditional markets such as stocks […]
Morgan trio start $2bn hedge fund
Telegraph.co.ukThree defectors who quit Morgan Stanley last year when the firm was overtaken by management turmoil are poised to return to Wall Street after persuading investors to stump up more than $2bn (£1.1bn). The trio – Vikram Pandit, John Havens […]
McDermotts snatches SJ Berwin hedge funds specialist
The Lawyer – McDermott Will & Emery has poached SJ Berwin partner Nick Terras for its growing structured finance and hedge funds group. Terras, a specialist in structured finance and investment funds, is set to join McDermotts from SJ Berwin, […]
Hedge funds now manage 1.5 trln usd of worldwide funds
Forbes – The hedge funds industry now manages more than 1.5 trln usd worldwide, figures obtained by The Daily Telegraph reveal. Hedge funds managed in Europe alone account for more than 300 bln usd (172 bln stg) of investments, up […]
Hedge fund says it may try to remove Chiron CEO
Reuters – A hedge fund that is working to scuttle a proposed acquisition of Chiron Corp. (CHIR.O: Quote, Profile, Research) on Wednesday threatened totry and remove the biotech company’s top executive if he campaigns for the deal to go through. […]
Refco Probes Lead to $525 Million in Phantom Bonds, Hedge Fund
Bloomberg – Refco Inc. held offshore accounts with as much as $525 million in fake bonds, indicating the futures broker’s troubles may be more extensive than previously reported, according to four people with direct knowledge of evidence gathered by U.S. […]
Hedge fund accuses Deutsche Telekom of wasting money
The US hedge fund Elliott Associates has leveled serious accusations at Deutsche Telekom. In a letter addressed to the group’s senior management the fund expresses dismay at allegedly having witnessed the destruction of 16 billion euros-worth of shareholder value last […]
Hedge Funds Still in the Dark
The other morning we were treated to yet another hedge fund blowup story on the front page of the Wall Street Journal: “Troubles at Fund Snare Doctors, Football Players” (Subscription Required). Kirk S. Wright and his firm, International Management Associates, […]