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Category Archives: Syndicated

Hedging costs against sterling’s swings soar on Scottish vote worries

Reuters – The cost of hedging against near-term swings in the British pound jumped to four-year highs on Friday [Sept. 12] and investors added to unfavorable bets in the derivatives market, reflecting jitters about the result of the Scottish referendum. […]

Treasury Is Weighing Action on Hedge-Fund Tax ‘Loophole’

Bloomberg – The U.S. Treasury Department said it’s considering ways to end a “loophole” that allows hedge-fund managers to avoid taxes by routing their investments through an insurance company in low-tax countries like Bermuda. The Treasury, in an Aug. 9 […]

Carl Icahn And Hedge Funds Are Driving Hertz Now

Forbes – Carl Icahn and the hedge fund crowd have grabbed the wheel at Hertz Global Holdings and are calling the shots at the troubled car rental company. Hertz announced on Thursday afternoon that it had struck a deal with […]

JDS Uniphase pushed to split by activist hedge fund

CNBC – Network gear maker JDS Uniphase said it would split into two separate public companies as it looks to expand in the data communication market and strengthen its network business. Shares of JDS Uniphase, worth $2.78 billion as of […]

Activist Investors Build Up Their War Chests

WSJ – A number of the largest activists are raising billions of dollars, in an effort to take advantage of their increasing clout in boardrooms and above-average hedge-fund returns. Daniel Loeb’s Third Point LLC recently raised a $2.5 billion war […]

San Francisco board delays hedge fund vote again

P&I – Board members at San Francisco City & County Employees’ Retirement System delayed a vote Wednesday on a plan to implement a hedge fund program for the second time in three months as they debated whether the investment is […]

Most Hedge-Fund Managers Are Overpaid, Unigestion Says

Bloomberg – Nine out of 10 hedge-fund managers are overpaid as management fees don’t reflect declining interest rates and fund returns, according to Unigestion Holding SA, which invests $2 billion in hedge funds. The fees, which still make up as […]

U.S. judge holds off on Citi subpoena in Argentine bond case

Reuters – A U.S. judge said on Wednesday [Sept. 10] he would wait for a decision on a pending appeal before ordering Citigroup Inc. to comply with a subpoena seeking details of any threats from Argentina to process payments the […]

Aegon’s Pelargos Seeks to Triple Japan Alpha Hedge Fund’s Assets

Bloomberg – Pelargos Capital BV, a Dutch hedge-fund manager spunoff from insurer Aegon NV, is seeking to more than triple over the next three to five years the assets of its Japan Alpha Fund that has outperformed peers. Pelargos is […]

Washington Trading Probe Broadens to Hedge Funds

WSJ – Federal investigators have uncovered a flurry of communications between a Washington research firm and several hedge funds, opening a new front in an insider-trading probe focused on the firm’s 2013 investor alert about a change in government health-care […]

Hedge Funds Reap Gains on FHA Loans Sidelining Nonprofits

Bloomberg – The U.S. Federal Housing Administration started selling distressed loans in 2012 to help communities hit hard by foreclosures while also reducing losses to its taxpayer-backed insurance fund. Two years later, the first reports on the loan sales show […]

Hedge Fund, Brokers Lose Claims Against Lehman: Bankruptcy

Bloomberg – Co-underwriters with Lehman Brothers Inc. don’t have so-called contribution claims against the liquidated investment bank related to offerings in which it was the lead underwriter in the sale of its own securities. Also as the result of a […]

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