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Category Archives: Syndicated

G20 watchdog orders LIBOR alternatives by 2016 in benchmark reform

Reuters – Global regulators will implement a twin-track approach to ensuring interest rate benchmarks are less prone to manipulation, recommending safeguards to the current system as well as developing alternatives. Ten banks and brokerages including Barclays and UBS have paid […]

Hedge Fund Joins Legal Fray Over Puerto Rico Debt Law

WSJ – BlueMountain Capital Management LLC on Tuesday filed a lawsuit in federal court in Puerto Rico alleging the new law is unconstitutional. The law, approved by the Puerto Rican government in June, allows for Puerto Rico’s public corporations, including […]

Hedge Fund Dromeus Turns Greek Tragedy to Triumph With 160% Gain

Bloomberg – When Achilles Risvas, chief executive officer of the $240 million investment firm, and Jason Manolopoulos started a fund to wager on Greece’s recovery in October 2012, the country was in intensive care with euro-area governments pushing its leadership […]

Bet on Failed Bank Creates Windfall

WSJ – An investment group backed by John Paulson, George Soros, Michael Dell and Christopher Flowers stands to gain more than $3 billion from a bet made on a failed lender during the depths of the financial crisis. The group’s […]

Paul Singer’s Hedge Fund Expected to Consider Activist Options for EMC

NYT – For years, Elliott Management has taken on progressively bigger companies for its activist campaigns. Now the $25 billion hedge fund has homed in on its biggest-ever potential target. Elliott has built up a position worth at least $1 […]

Providence Journal loses bid for hedge fund records related to state pension system

Providence Journal – Attorney General Peter Kilmartin’s office has ruled against The Providence Journal in a long-running dispute over records related to the state pension system’s investment in hedge funds. The Journal initially sought the records from General Treasurer Gina […]

Herbalife Shares Tumble As Bill Ackman Promises Game Changer

Forbes – Billionaire hedge fund manager Bill Ackman raised expectations on Monday that he will deliver a knockout blow to Herbalife in their long and bitter battle, sending shares of the diet shake maker tumbling by more than 11%. Ackman […]

Foreign hedge funds could lose as Europe tightens rules

Economic Times – Europe’s move to tighten regulation of the hedge fund industry could give home-grown funds an edge over foreign rivals, many of which are still trying to absorb the new rules on attracting investor cash. The rules, known […]

Samlyn Capital Holds $150 Million Stake in Allergan

WSJ – Samlyn Capital LLC, a hedge fund founded by a veteran of SAC Capital Advisors LP, has built a $150 million stake in Allergan Inc. AGN +0.95% and is weighing whether to support Valeant Pharmaceuticals International Inc. VRX.T +0.06% […]

Peak to manage equities hedge fund at Henderson

FN – In an interview with Financial News, Henderson chief executive Andrew Formica said he planned to put Peak in charge of a team managing long/short international equities in the fourth quarter. Peak stepped back as a manager of hedge […]

Hedge fund scam: more rulings

Personal Finance – Michal Calitz, the financial adviser who was paid R8.4 million in share profits from the Relative Value Arbitrage Fund (RVAF), which was, in fact, a scam, has been ordered to compensate two more clients who lost money […]

Lake Capital in talks to back Engine Group

City AM – The Engine Group, owner of PR firm MHP Communications and ad agency WCRS, is set to announce a major investment by Lake Capital by the end of the week. The London-based company’s 13 agencies provide services including […]

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