Tag Archives: chief-executive
Hedge fund buys 5.3 percent of RadioShack stock
Fort Worth Star Telegram- Citadel Investment Group is bullish on RadioShack, buying 6.9 million shares, or 5.3 percent of the electronics retail chain’s stock, according to a federal filing Monday. With the purchase, the Chicago-based hedge fund becomes the fourth-largest […]
Bay Hill Launches Maiden Hedge Fund
FINalternatives- Boston and San Francisco-based Bay Hill Capital Management this month launched its first hedge fund, a multi-strategy volatility offering with $25 million in initial assets. According to Alec Petro, managing partner, the Bay Hill Fund has three sub-strategies: volatility […]
Delphi to Proceed in Suit Against Hedge Fund
New York (HedgeCo.Net) – American auto parts maker Delphi has been given the green light to proceed with their suit against hedge fund Appaloosa Management. U.S. Bankruptcy Judge Robert Drain denied a request by Appaloosa yesterday to dismiss the fraud […]
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 […]
UK job laws a legal maze for US hedge funds
Wealth Bulletin- US hedge funds keen to support their European client bases are looking at expansion into London. Institutional Credit Partners Capital and Silver Creek have made the move. Despite predictions that the UK’s non-domiciled tax regime would lead to […]
Hedge funds do the Singapore sling
FT Alphaville- New figures from Singapore’s central bank bear out the (abundant) anecdotal evidence of the quickening exodus of Asia-focused hedge funds out of Japan and elsewhere and into Singapore. Reuters reports that assets managed by fund managers in Singapore […]
CSX Concedes Two Board Seats to Hedge Funds
New York (HedgeCo.Net) – CSX looks to be cutting some slack to the two rebel hedge funds that have been on a quest to restructure their board of directors. The railroad company said that it will give two seats to […]
Microsoft Looks Ahead, Leaves Yahoo Behind
New York (HedgeCo.Net) – Microsoft CEO Steve Ballmer declared that they are “done” pursuing Yahoo and focused instead on Microsoft’s need to invest in its internet businesses. However, the past six months of on-again, off-again talks with Yahoo have critics […]
Paulson Wants a Say in Hedge Fund Breakdowns
New York (HedgeCo.Net) – Treasury Secretary Henry Paulson outlined a plan yesterday that may give some power to the U.S. government when hedge funds come to the end of the road. Paulson said that in the event of trouble, he […]
Amidst Rumors About Jobs Health Problems, Apple Shares Drop
eFluxMedia- Quoting an unnamed Wall Street source, the New York Post said that Apple’s hedge fund investors are very worried after Steve Jobs appearance at MacWorld 2008. In June, Apple downplayed the rumors rumors and speculations regarding Steve Jobs’ health. […]
Hedge Fund Halts Takeover Talks, Inmarsat Shares Plunge
New York (HedgeCo.Net) – Inmarsat shares took a dive yesterday after hedge fund Harbinger Capital halted talks of a possible takeover. Harbinger has amassed a 28 percent stake in the U.K.-based mobile satellite communications group. Harbinger, who has AUM upwards […]
