Tag Archives: chief-executive
Shareholder Sues CSX, Claims Hedge Funds Were to Blame
New York (HedgeCo.Net) – CSX is finding themselves in the middle of another battle, this time with a shareholder who is suing the railroad company along with hedge funds TCI and 3G Capital Partners. Shareholder Deborah Donoghue is seeking the […]
Hedge Fund Provider Point Nine expands into Middle East
West Palm Beach (HedgeCo.net) – Hedge fund technology service, Point Nine, has announced the opening of their new office in Limassol, Cyprus. This is the second office opening for Point Nine this year, which follows the recent opening of Point […]
What Mortgage Crisis? Lender Shells Out Massive Cash for Jets Tics
New York (HedgeCo.Net) – At least David Findel can never be called a band-wagon fan. The owner of mortgage-lender Financial Resources just agreed to pay a record $400,000 to the rights to two of the best seats at the new […]
The Financial Page Greasing the Slide
New Yorker – “Death by a thousand cuts.” “Fire-sale liquidation.” “A vortex of selling.” No matter how people described the market collapse that hit a month ago, the message was the same: it felt like there was nowhere to go […]
UK Hedge Fund Managers Recieve AIMA’s Latest Capital Adequacy Guidance Update
West Palm Beach (HedgeCo.net) – Global representative association for the hedge fund industry, the Alternative Investment Management Association (AIMA), has issued updated guidance to its members on how to implement an Internal Capital Adequacy Assessment Process. "The hedge fund industry […]
Obama brushes aside GOP criticism of his tax plans
Bloomington Pantagraph – Democrat Barack Obama on Wednesday brushed aside Republican charges that his tax plan amounts to socialism, but acknowledged it involves “spreading around opportunity’’ so that wealthier Americans — like himself — pay a little more to help […]
Judge Says No More Lawsuits Against Petters
New York (HedgeCo.Net) – Former hedge fund manager turned ponzi-schemer Tom Petters is being sued by so many parties that the Minneapolis federal judge actually had to call a “timeout” yesterday. Judge Ann Montgomery called the cease-fire after court-appointed receiver […]
Hedge Funds: Defensive In Tone, Aggressive In Strategy
Wall Street Journal Blogs – In an effort to forestall more redemptions and panic, hedge-fund managers preached “strong stomachs” and washed their hands of responsibility for losses in the latest round of investor letters. A review of nearly a dozen […]
Gottex hedge funds impacted by high redemptions
Hedge Funds Review Magazine – Troubled Swiss-based alternative asset management group Gottex Fund Management Holdings said assets under management (AUM) were down over $2 billion to $13.5 billion at September 30, 2008, compared with $15.6 billion at June 30, 2008. […]
Hedge funds down but not out
National Post – With strategy-wide net outflows of more than US$31-billion in the third quarter – the largest net capital redemption in the industry’s history – things aren’t looking too good for the hedge fund industry. Its size also fell […]
