Tag Archives: chief-executive
Traders head for hedge funds
Times Online- They may be partly responsible for the mess the banks are in but bankers are not sticking around for the clean-up. Many top bankers have lost confidence in their institutions and are quietly heading for the exit. The […]
Activist American hedge fund eyes Sky stake in ITV
Times Online- An activist American hedge fund has drawn up detailed plans to buy BSkyB’s 17.9% stake in ITV. Silver Point Capital, an American fund that specialises in distressed assets, has held talks with investment bankers who could assist with […]
Yahoo Shareholder Proposes Board Compromise
New York (HedgeCo.Net) – Hedge Funder Eric Jackson of Ironfire Capital will call on Yahoo Inc. to accept a board of directors mixed with members both proposed by the company and from a dissident slate backed by billionaire investor Carl […]
Hedge Fund Used As Case Study At Stanford
West Palm Beach (HedgeCo.net)- Stanford University’s Graduate School of Business is using a hedge fund, GlobeOp Financial Services, in a business model case study developed for classroom. The case study, ‘GlobeOp: Enabling Hedge Funds, 2000-2003,’ emphasizes how vital a robust […]
Swiss Bank Picks Up On Electronic Trading Used By Hedge Funds
West Palm Beach (HedgeCo.net)- A Swiss Bank has picked up on a hedge fund platform, Orc Trading, to replace key technology for its electronic trading operations. The order was booked in Q1 2008. "We have thoroughly evaluated several trading systems […]
IRS Restricts Deduction of Fund of Funds’ Management Fees
West Palm Beach (HedgeCo.net)- In a recent IRS Revenue Ruling addressing the tax treatment of management fees incurred in a “fund of funds” structure, the IRS’s has severely restricted UPTs (upper tier partnerships) from obtaining tax benefits from management fees. […]
Two New Additions To BNP Paribas’ Hedge Fund Team
West Palm Beach (HedgeCo.net)- BNP Paribas has appointed Thomas Mahala and Jason Miller to its global hedge fund relationship management team (HFRM). BNP Paribas now has over a dozen relationship management professionals located in New York, London and Hong Kong […]
Hedge funds prove slow to adopt best-practice valuation
Wealth Bulletin- In January, 14 of the UK’s largest hedge funds, including Man Group, Brevan Howard and Gartmore, backed the Hedge Fund Working Group’s best-practice standards. These aim to improve governance and disclosure and to promote transparent and independent valuation. […]
Recent Tax Rulings Affecting Hedge Funds
The Internal Revenue Service (“IRS”) has recently issued new rulings and regulations that have an impact on tax filings by many hedge funds. The new rulings deal with the deduction of investment interest expense for trading funds and fund-level expenses […]
Hedge fund puts freeze on withdrawals
Investment News – Investors in Sandelman Partners LP’s $3.2 billion multistrategy hedge fund will not be able to make withdrawals due to a restructuring of the fund, The Wall Street Journal reported. The announcement came after 20% of stakeholders in […]
Anheuser-Busch Fires Back at InBev, Files Suit
New York (HedgeCo.Net) – Budweiser maker Anheuser-Busch is suing InBev after declaring that their “bargain price” offer of $65 a share is illegal. Anheuser-Busch accuses InBev of using “deceptive conduct” to try to win control of the company. InBev recently […]
Yahoo/Microsoft Talks May Be Back On
New York (HedgeCo.Net) – After months of on-again off-again talks between Yahoo and Microsoft, the possibility of a merger looks to be back on. According to the Wall Street Journal, Microsoft said they may be interested in restarting talks if […]
