Tag Archives: brokerages
GM Increases Loan to Delphi by $300 million
New York (HedgeCo.Net) – While Delphi continues its quest to secure the capital needed to exit bankruptcy, GM has announced they will increase their loan to the auto parts maker to $950 million. The extra $300 million will help Delphi […]
Merrill, Citigroup to Buy Back $30 Billion in ARS
New York (HedgeCo.Net) – Merrill Lynch and Citigroup, two banks that have already written down billions in losses, will buy back $30 billion in auction-rate securities as part of an agreement with regulators. This comes after the threat made by […]
Citigroup to Close Another Hedge Fund
New York (HedgeCo.Net) – Citigroup Inc. will close its $400 million Tribeca Convertible hedge fund in what will help wind down the $2 billion Tribeca Global Investments Group, according to a report published on Bloomberg.com. The closing of the fund […]
New York Hedge Funds Need Quick Turnaround
New York (HedgeCo.Net) – New York’s top 100 hedge funds are in trouble and can’t seem to get out of the red, according to performance reports obtained by the New York Post. Prominent hedge funds are still trying to recover […]
Carlyle Group to Liquidate Hedge Fund
New York (HedgeCo.Net) – The private equity firm Carlyle Group will liquidate its lone hedge fund, after stating that it failed to achieve “critical mass.” The fund, Carlyle-Blue Wave Partners Management LP, was a multi-strat fund launched by Rick Goldsmith […]
Final Voting Results For CSX Put Hedge Funds On Board
West Palm Beach (HedgeCo.Net) – Rail company CSX Corporation issued its final report, showing that four of hedge fund TCI Group’s nominees (Children’s Investment Fund Management) received a larger number of votes than four of CSX’s nominees. "We are delighted […]
TD Waterhouse Fined $2 Million for Illegal Sale of Hedge Funds
New York (HedgeCo.Net) – TD Waterhouse has been ordered to pay a $2 million fine as a result of selling hedge funds to clients who were not accredited, according to a report by the Vancouver Sun. The Investment Industry Regulatory […]
German Hedge Fund Manager Becomes Fully Operational Bank
West Palm Beach (HedgeCo.Net) – Baader Wertpapierhandelsbank AG has been granted membership to the Compensation Fund of German Banks (EdB) by the German Financial Supervisory Authority (BaFin). Once the entry into the commercial register has been completed, the institution will […]
U.S. Marshals Service to Help Clean Up Hedge Fund Mess
New York (HedgeCo.Net) – While the aftermath of the collapsed Bayou hedge fund may have left investors with nothing more than shock, the U.S. Marshals are trying to recoup some of the losses that were suffered. By selling Bayou’s failed […]
Alan Schwartz Plans Exit from JPMorgan
New York (HedgeCo.Net) – Alan Schwartz, former Bear Stearns CEO, has decided to leave JPMorgan and pursue other ventures. “With most of the work on the merger integration behind us, Alan will be moving on from the firm at the […]
Eight Arrested in London Insider Trading Scheme
New York (HedgeCo.Net) – Eight people were arrested yesterday in London on suspicions of insider trading. The city of London police and about 40 Financial Services Authority officials targeted workers at UBS and JPMorgan Cazenove, in what they are […]
Judge Drops Suit Against UBS, Not Responsible for Hedge Fund Fraud
New York (HedgeCo.Net) – Service providers for hedge funds scored a victory yesterday when a New York judge threw out a suit filed against UBS by defrauded investors. Judge Charles Ramos dismissed the complaint in a Manhattan court at the […]
