Tag Archives: conglomerate
The New Hedge Fund Bucket List: Sojourn to the Middle Kingdom
Wall Street Journal Blogs – From its 17th-floor offices in the New Beijing Poly Plaza building, the monolithic landmark commissioned by the state-owned conglomerate China Poly Group Corp., China’s massive sovereign-wealth fund has established itself as a prime destination for […]
Uma Thurman’s billionaire fiance among A-listers who fell victim to the man who conned the world
Mail on Sunday – From movie director Steven Spielberg to to Uma Thurman’s fiance Arpad Busson, the list of billionaire businessmen and Hollywood A-listers sucked into the world’s biggest financial fraud is growing. Some of the best-known names in banking […]
Citadel to close its offices in Tokyo
Chicago Tribune – The Citadel Investment Group will shutter its Tokyo offices and cut 37 jobs from its Asian operations. The Chicago-based hedge fund will still have a presence in Hong Kong, where 25 positions will be cut, the company […]
Hedge Fund Trian Partners to Hold Over 50 Million Fast Food Shares
West Palm Beach (HedgeCo.net) – Hedge fund Trian Partners said that they will buy about 49.4 million shares of fast-food operator Wendy’s/Arby’s Group for $4.15 per share, or about $205 million. The hedge fund and their affiliates now own about […]
Yahoo Stock Shoots Up After Carl Icahn Raises His Stake
eBrandz – In a move expected to fuel speculation over Yahoo Inc.’s search for a new chief executive — Corporate raider and billionaire investor Carl Icahn augmented his stake in Yahoo, has bought up close to 7 million additional shares […]
Satellite Halts Hedge Fund Withdrawals, Fires 30 After Losses
Bloomberg – Satellite Asset Management LP, founded by former employees of billionaire George Soros, stopped client withdrawals from its three largest hedge funds and eliminated more than 30 jobs after losses reduced the firm’s assets to about $4 billion this […]
Hedge funds talk regulation
Idaho State Journal – Several prominent hedge fund managers told Congress Thursday they support a new central exchange to open the murky world of some complex investments partly blamed for the global financial crisis, but stopped short of endorsing stricter […]
Mavs Owner Mark Cuban Accused of Insider Trading
New York (HedgeCo.Net) – Dallas Mavericks owner and billionaire investor Mark Cuban has been accused of insider trading by the SEC after allegedly using private information that helped him avoid over $750,000 in losses tied to stocks. Search engine company […]
Soros fund ups Petrobras stake
Petroleumworld.com – The hedge fund of billionaire investor George Soros increased its stake in Brazilian state-run oil company Petroleo Brasileiro ( Petrobras) to 21.1 million American Depositary Receipts as of Sept. 30 from 11.5 million at June 30. Soros Fund […]
Soros, Falcone Defend Hedge Funds at House Hearing
Bloomberg – Hedge-fund managers including George Soros and Philip Falcone, in an unprecedented appearance before Congress, defended their practices and profits while splitting over whether the U.S. should impose stricter regulations. "This is not a case where management takes huge […]
Buffett Wannabe Tied to $2 Billion Ponzi Scheme
New York Post – Billionaire Tom Petters fancied himself the next Warren Buffett – that is until his empire starting crashing down like a house of cards. The feds accuse Petters, one of Minneapolis’ fastest rising business stars, of secretly […]
