Tag Archives: img-src
Swing back to bank stocks is overdone, says Merrill Lynch
Times Online – The fashionable investment tactic of the past month – buying bank stocks while selling energy companies – could already have gone too far, Merrill Lynch, the financial management group, warned clients yesterday. In mid-July, hedge funds, pension […]
AIG Earnings Slump on Private Equity, Hedge Funds
Bloomberg – Just when American International Group Inc. shareholders figured things couldn’t get worse at the world’s largest insurer, profit from the company’s private equity and hedge fund investments is evaporating. Earnings from so-called alternative holdings were probably close to […]
Northern Rock scars RAB Capital profits
Times Online- Hedge fund RAB Capital, one of the largest shareholders in Northern Rock when the bank was nationalised in February, this morning announced that its first half pre-tax profit had almost halved and assets under management had shrunk by […]
Harbinger Capital Builds 6.6% Stake in Sunoco
Seeking Alpha- In a 13G filing after the close Friday on Sunoco, Inc. (SUN), Philip Falcone’s Harbinger Capital disclosed a 6.6% stake (7,732,600 shares) in the company. The hedge fund did not show a stake in Sunoco at the quarter […]
Gupta removed as InfoGROUP chairman
Miami Herald- Database provider InfoGROUP Inc. said Tuesday it has removed founder Vin Gupta as chairman, citing excessive corporate expenditures and expense reimbursements. The changes are the result of an internal investigation, which came in response to an ongoing Securities […]
Court supervision for failed funds
Caymen Net News- On Monday, 21 July, lawyers representing PricewaterhouseCoopers filed a formal petition in Grand Court to put the liquidation of several failed hedge funds under court supervision. Chief Justice, Anthony Smellie, granted all of the petitions, which will […]
Man arrested in failed hedge funds
Cayman Net News- The Royal Cayman Islands Police Service (RCIPS) have arrested an unidentified 47-year-old man in connection with last month’s collapse of several Cayman-domiciled investment funds. Detectives from the Financial Crimes Unit (FCU) arrested the man on suspicion of […]
Rushbrook accuses hedge funds of rights exploitation
The Herald- Bearish fund manager Ian Rushbrook has moved the £190m Personal Assets Trust (PAT) from zero to 75% in equities in recent weeks, and is overweight in banks, he told the trust’s shareholders yesterday. But the veteran manager, who […]
Taylor Wimpey Gets Financing Approach From Hedge Fund, FT Says
Bloomberg- Taylor Wimpey Plc, Britain’s biggest housebuilder, may get a 100 million-pound ($199 million) investment from a hedge fund to bridge a financing gap, the Financial Times reported, citing unidentified people close to the money-raising effort. Shares of Taylor Wimpey […]
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 […]
High Court rejects hedge fund Expro deal block
Daily Telegraph- The High Court has rejected an audacious last-gasp bid by hedge funds to block Candover’s £1.8bn bid for oil services group Expro. Hedge funds holding around 25pc of Expro – led by Mason Capital and Sandell Asset Management […]
