Tag Archives: gores-group
What Can Hedge Funds Expect from President Obama?
New York Times Blogs – After pouring money into Barack Obama’s campaign, what can hedge funds and their executives expect from the new president? If history is any exmaple, says FINAlternatives, they shouldn’t expect a cuddly relationship. Mr. Obama didn’t […]
White House Inaction on Rules For Hedge Funds Is Criticized
Washington Post – The Bush administration’s decision to drop proposed money-laundering rules for hedge funds is "inexplicable, ill-timed and unwise," Sen. Carl M. Levin (D-Mich.) said yesterday. Hedge funds, private investment pools whose investors are often wealthy individuals, have drawn […]
A Hedge Fund Like No Other
Washington Post – Given the panic in Washington over the financial markets, it is virtually certain that Congress will soon pass some form of the bailout plan the Treasury put forward last week. This is not an ideal proposal, particularly […]
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 […]
J-Power Wins Shareholder Vote on Payout, Defeats TCI
Bloomberg- J-Power shareholders defeated a proposal by U.K. hedge fund TCI for the company to double its dividend, ending a monthlong proxy battle and sending the stock to its biggest decline since February. Shareholders of Electric Power Development Co., the […]
Conseco rejects hedge fund proposal
Reuters – Conseco Inc on Thursday rejected hedge fund Steel Partners’ request to raise its shareholding in the insurance company to as much as 22 percent, saying the proposal could reduce its "financial flexibility." Conseco told Steel Partners in a […]
Germany in call for ban on oil speculation
Daily Telegraph- German leaders are to propose a worldwide ban on oil trading by speculators, blaming the latest spike in crude prices on manipulation by hedge funds. It is the most drastic proposal to date amid escalating calls from Europe, […]
