Tag Archives: asset-management


Assured Guaranty Says Profit Will Surge on Derivatives Gains

July 22, 2008 : Permalink

Bloomberg- Assured Guaranty Ltd., which owns one of two bond insurers to have retained Aaa credit ratings, said its second-quarter profit would surge by more than 14 times because of gains in credit derivatives. The company, whose second-biggest shareholder is […]

Hedge fund Harbinger Raises Stake in Midwest

July 18, 2008 : Permalink

West Palm Beach (HedgeCo.net)- US hedge fund Harbinger has increased its stake in Australian iron ore miner Midwest Corp. Ltd. to 12.53%, an effort to block Chinese iron ore trader Sinosteel Corporation’s takeover of the latter. Harbinger, a major shareholder […]

Recent failures slow growth of Icahn

July 7, 2008 : Permalink

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 […]

CSX, hedge funds face off in US court

May 22, 2008 : Permalink

Reuters- The chief executive of CSX Corp said in court on Wednesday he felt targeted by activist investors seeking to get seats on the board of directors, but the rail company negotiated with them in good faith to try to […]