Tag Archives: capital-management
UPDATE 1-Pamplona buys bankrupt auto supplier TMD Friction
Reuters – TMD Friction, a bankrupt German maker of brake pads for the auto industry, has been bought by private equity firm Pamplona Capital Management, TMD said on Friday. Both sides declined to comment on the sale price. The acquisition […]
N.Y. hedge-fund manager accused of Ponzi scheme
Denver Post – The U.S. filed civil and criminal charges against New York hedge-fund manager Edward T. Stein, accusing him of running a "classic Ponzi scheme" that moved more than $55 million through accounts while preying on acquaintances. Stein, who […]
US hedge funds worry about expected new rules
CNN Money – For years, U.S. hedge fund managers have worried that their loosely regulated and secretive industry would one day face tougher regulations. Now that day seems to be here. "It was inevitable that this would happen," said Brad […]
Big hedge funds’ golden era fading
Reuters – The golden age for super-sized hedge funds may be coming to an end as investors think about putting more money with smaller players, said an industry veteran who is setting up his own fund. "I think the established […]
Record Hedge Fund Closures in 2008 From Madoff, Other Losses
New York (HedgeCo.Net) – Over $84 billion worth of U.S. hedge funds shut down last year, compared to just $18.7 billion in 2007, according to the latest data published by Absolute Return Magazine, a unit of HedgeFund Intelligence. More than […]
MBIA Debt-Guarantee Split Sparks Hedge Fund Lawsuit
Bloomberg – MBIA’s split of its bond- insurance business was challenged by hedge funds alleging the move hurts owners of about $240 billion of debt while benefiting stock investors, executives and some policyholders. The reorganization, in which MBIA stripped $5.4 […]
CSX says $11M shareholder settlement approved
Forbes – CSX Corp. said a New York Federal Court has approved a settlement in which the railroad operator will be paid $11 million by two activist shareholder hedge funds over alleged securities law violations. CSX said late Friday it […]
A Hedge Fund Managers Mutual Twist
CNNMoney.com – In what looks like a sign of the hard times in the hedge fund world, AQR Capital Management – one of the industry’s biggest names – is opening its doors to the retail market. In January, the investment […]
Liongate Seeks $500 Million for Commodity Fund of Hedge Funds
Bloomberg – Liongate Capital Management LLP, a London-based firm managing $2.2 billion, plans to raise $500 million for a fund of commodity hedge funds. The Liongate Commodities Fund returned about 0.1 percent last year and 0.3 percent in January, when […]
Australian Hedge Funds Will Attract New Cash in 2009
Bloomberg – Australian hedge funds will attract a net inflow of cash in 2009 after record redemptions by overseas investors led to the closure of at least 10 funds in the fourth quarter, the local arm of the Alternative Investment […]
Charity sues Highland Capital for more than $1.8 million
Dallas Morning News – An Amarillo charitable foundation is suing Dallas-based Highland Capital Management LP to recover more than $1.8 million from a Highland hedge fund that was shut down in October after heavy losses. The Mary E. Bivins Foundation, […]
