Tag Archives: geffen
David Geffen loses bid for stake in New York Times
PerthNow – Mr Geffen tried to acquire a 19 per cent stake in the New York Times Company that was held by Harbinger Capital Partners, the activist hedge fund, but was rebuffed, it emerged overnight. Since 1896, the newspaper has […]
FactSet Anounces 2008 Global Revenues
West Palm Beach (HedgeCo.net) – FactSet Research Systems Inc. announced the first quarter results ending November 30, 2008, showed revenue increase to $155.6 million, an increase of 16% compared to the prior year. Operating income for the first quarter advanced […]
UAE Asset Manager Launches Hedge Funds
West Palm Beach (HedgeCo.net) – US-based Stream Asset Management announced the launch of a credit dislocation fund and a multi-strategy credit hedge fund, the company said in a press statement. The move is part of Gulf Stream’s aggressive expansion strategy to […]
Global Task Forces To Target Short Sales, Hedge Funds
EasyBourse.com – Global securities regulators have formed three task forces targeting short selling, hedge funds and unregulated financial trading, in an effort to take "urgent action" to coordinate responses to current market turmoil, Securities and Exchange Commission Chairman Christopher Cox […]
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 […]
Deephaven Freezes Multistrategy Hedge Fund to Avoid Asset Sales
Bloomberg – Deephaven Capital Management LLC, the hedge-fund unit of stockbroker Knight Capital Group Inc., froze a $1.6 billion fund after investors asked to get back 30 percent of their money. Withdrawals from the Deephaven Global Multistrategy Fund were suspended […]
Smart investors look for some stock gems amid the rubble
USA Today – Given the stock market’s wretched performance this year, your current retirement plan may involve a modest part-time job, such as woodworking or forgery. Before you take up a life of crime, however, remember that really rotten markets […]
New UK pension scheme rules out hedge funds
Reuters – Britain’s new Personal Accounts scheme, a plan for savers without a company pension, is "highly unlikely" to invest in hedge funds and private equity, said the head of the authority in charge of setting up the scheme. The […]
Asian hedge firms loathe, fear short rule spread
Reuters HK – Asian hedge fund managers are waiting with dread to see if tough new short selling restrictions sweep across the region after Australia and Taiwan joined U.S. and UK regulators in cracking down on the practice. Major Asian […]
MEPs demand unprecedented openness from hedge funds
Guardian.co.uk – MEPs will call tomorrow for EU legislation to force private equity groups and hedge funds to disclose unprecedented amounts of information about their activities. The demand for tougher regulation comes as private equity groups are warning that the […]
