Tag Archives: earnings
UPDATE 1 – Och-Ziff reports loss, sets aside bonuses
CNN Money – Hedge fund firm Och-Ziff Capital Management Group reported a wider second-quarter net loss Tuesday and lower-than-expected distributable earnings, a number analysts look at closely. The New York-based firm, one of only a small number of publicly traded […]
Volkswagen hedges offset lower Porsche earnings
Guardian.co.uk – Big gains on derivative bets linked to Volkswagen shares offset a decline in nine-month earnings at Porsche SE’s core sports car business, the heavily indebted holding company said on Friday. Porsche, scrambling to shore up its tattered balance […]
GLOBAL MARKETS-Investors lift stocks, look past banking worry
Alibaba News Channel – Investors generally put aside recent worries about the world economy and banking industry woes on Thursday, sending global stocks higher and reversing safety flows into the Japanese yen. Mixed earnings plagued European markets, however, with Credit […]
Suncor to buy Petro-Canada for $15 billion
Reuters – Suncor Energy Inc has agreed to buy rival Petro-Canada to create Canada’s largest oil company, as the pair seek to tackle tough conditions in the oil sands industry by slashing costs. Suncor will pay C$18.43 billion ($14.9 billion) for PetroCanada […]
Icahn Puts Another $250 Million Into His Fund
New York Times – The billionaire financier Carl C. Icahn put another $250 million into his hedge fund at the beginning of the year after suffering further losses in the fourth quarter on investments in Motorola and Yahoo, according to […]
Mathewson hedge fund profits from ABN takeover
The Herald – Toscafund, the hedge fund that was a catalyst for the sale of ABN Amro, made £158m profit in 2007 when Royal Bank of Scotland led the disastrous £49bn acquisition of the Dutch bank. The investment firm, whose […]
Korea’s No. 1 Money Manager Says Genghis Khan Model for Funds
Bloomberg – Days after a March negotiating session to buy San Francisco’s Citicorp Center building for $370 million, Park Hyeon Joo is in the air on a Korean Air flight bound for Seoul, sipping a glass of red wine. He’s […]
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 […]
Area hedge funds the lure for West Coast firm
Norwalk Advocate- A California firm that provides financial assistance to companies has chosen Westport to locate its first East Coast operation. Seeking to expand its operations to lucrative Greater New York and Fairfield County, San Francisco-based Business Capital, a provider […]
