Tag Archives: amp


Paulson’s Pellegrini Said to Resign to Start Own Hedge Fund

January 7, 2009 : Permalink

Bloomberg – Paolo Pellegrini, the hedge-fund manager who helped Paulson & Co. make more than $3 billion in 2007 on bets the U.S. housing bubble would burst, resigned to start his own fund, a person familiar with the matter said. […]

Tate & Lyle hurt by rumours of hedge fund share sale

January 6, 2009 : Permalink

Financial Times – The London market’s new year bounce continued into a fifth session, but Tate & Lyle missed the trend. Tate lost 8.5 per cent to 386¼p amid speculation that Harbinger, its second-biggest shareholder, might have to sell to […]

Pellegrini quits Paulson & Co to start fund

January 5, 2009 : Permalink

Interactive Investor – Paolo Pellegrini, who played a crucial role in helping to implement bets against subprime mortgages that netted Paulson & Co about $15 billion in 2007, resigned from the hedge-fund firm on Dec. 31, the Wall Street Journal […]

Chicago hedge fund buys 5.7 percent stake in ADC

January 5, 2009 : Permalink

Bizjournals.com – Citadel Investment Group, a Chicago-based hedge fund, has spent $33 million to buy a 5.7 percent stake in ADC Telecommunications Inc. The deal makes Citadel the second-largest holder of Eden Prairie-based ADC’s stock and sent the company’s shares […]

New Year to Change Hedge Funds

January 2, 2009 : Permalink

Markets Media News – The New Year is likely to see several important shifts in alternative investing, according to Don Steinbrugge, managing partner of Agecroft Partners, a global consulting and third-party marketing firm for hedge funds. Steinbrugge said during the […]

Dow scrambling to keep $15 billion Rohm takeover alive

December 30, 2008 : Permalink

Reuters – Dow Chemical is scrambling to keep its $15 billion takeover of rival Rohm & Haas alive after a surprise decision by the Kuwaiti government to scrap a joint venture with Dow, the Financial Times reported on Tuesday. The […]

JC Flowers, others close to IndyMac deal

December 29, 2008 : Permalink

Reuters – A consortium of private equity and hedge fund firms, including J.C. Flowers & Co, is close to a deal to buy the assets of failed mortgage lender IndyMac, a source familiar with the matter said on Sunday. The […]

Magnetar Said to Limit Fund Withdrawals After Losses

December 23, 2008 : Permalink

Bloomberg – Magnetar Capital LLC, the $8 billion hedge-fund firm co-run by former Citadel Investment Group LLC trader Alec Litowitz, limited withdrawals from its biggest fund after it lost 30 percent this year through November, according to two people familiar […]

Investors Dip Their Toes Back Into Stocks

December 23, 2008 : Permalink

Wall Street & Technology – Global investors boosted their equity holdings for the second month running in December and cut bonds, thanks to signs of stabilising stock markets and tumbling government bond yields, Reuters polls showed on Monday. Surveys of […]

Aussie hedge fund manage HFA Holdings freezes payouts

December 23, 2008 : Permalink

The Australian – HFA, which has $5.8 billion in assets, joins a long line of fund managers — including Perpetual, Babcock & Brown and Macquarie Group — in suspending redemptions from some funds this year as the credit crisis takes […]

Hedge funds ‘must reorganise’ to avoid Obama-era taxes

December 23, 2008 : Permalink

Business Intelligence Middle East  – International Tax lawyers are urging private-equity and hedge-fund clients to restructure their partnerships so they can sidestep the higher taxes that president-elect Barack Obama has vowed to impose on their profits. Obama’s promise to revive […]

New Jersey drawing heat for hedge-fund foray

November 25, 2008 : Permalink

Washington Post – New Jersey’s pension fund is under fire over a series of hedge-fund investments, the Wall Street Journal said. New Jersey made the investments last month, to funds run by BlackRock Inc <BLK.N>, Canyon Capital Advisors LLC and […]