Tag Archives: stocks
Hedge Fund Rebukes Republic Services
Wall Street Journal – Hedge fund Elliott Associates LP made public a letter to Republic Services Inc. in which it said the company’s board wasn’t doing its duty by fully considering the raised $6.73 billion takeover bid from Waste Management […]
Fairfax claims victory after broker fires analyst
Globe and Mail – Fairfax Financial Holdings Ltd. is claiming a victory in a long-running legal battle with U.S. hedge funds after brokerage firm Morgan Keegan & Co. Inc. revealed on Wednesday it has fired an analyst embroiled in a […]
Hedge funds get a new cop
Wealth Bulletin – The UK’s financial regulator has hired Australian Andrew Crain to head up the team that oversees the roughly 40 largest hedge fund managers that operate in the UK. Crain, a former regulator in his home country, assumes […]
Short sellers hack into Fortescue
News.com.au- Iron ore tycoon Andrew Forrest is under attack from international hedge funds in a co-ordinated short-selling blitz against his Fortescue Metals Group — a campaign that has caused the company’s stock, and the executive’s paper fortune, to slump by […]
Shorts Are In a Bind
New York Post- If the Securities and Exchange Commission expands its clampdown on short-selling, it is widely expected to slam hedge funds like Stephen Cohen’s SAC Capital and James Simon’s Renaissance Technologies, which profit from fast-and-furious trading, experts predicted. That’s […]
Aozora Net Falls 75% as Fees, Hedge Fund Returns Drop
Bloomberg – Aozora Bank Ltd., the Japanese lender controlled by U.S. buyout fund Cerberus Capital Management LP, said first-quarter profit fell 75 percent as fees declined and returns on investments in hedge funds withered. Net income dropped to 9.33 billion […]
Hedge fund buys 5.3 percent of RadioShack stock
Fort Worth Star Telegram- Citadel Investment Group is bullish on RadioShack, buying 6.9 million shares, or 5.3 percent of the electronics retail chain’s stock, according to a federal filing Monday. With the purchase, the Chicago-based hedge fund becomes the fourth-largest […]
Hedge funds’ 1bn HBOS killing
Independant- Hedge funds may have made more than £1bn from shorting shares in HBOS, whose £4bn rights issue faced intense pressure from investors betting on the share price falling. Almost 15 per cent, or about 550 million, of the bank’s […]
Inmarsat dives after hedge fund suspends talks
Times Online- Shares in Inmarsat, the mobile satellite communications group, plunged 12.2 per cent today after it emerged that Harbinger Capital, the activist American hedge fund investor, has suspended talks over a possible takeover. While both parties left the door […]
Ackman Adds Cash to Target Hedge Fund as Stock Price Slides 38%
Bloomberg- William Ackman put more cash into the $2 billion hedge fund he started to invest in Target Corp. as shares of the second-largest U.S. discount retailer declined 38 percent in the past year, according to two people with knowledge […]
Goldman’s $100 Million Man Walks
The Money Times- A $100 million here, a $100 million there, and pretty soon you’re talking about real compensation. U.K.-based hedge fund manager GLG Partners (NYSE: GLG) announced today that it has hired Goldman Sachs (NYSE: GS) partner Driss Ben-Brahim. […]
