Tag Archives: 1-million


BofA shares jump after exec, hedge fund buy shares

The Associated Press – Shares of Bank of America shot up Thursday as a new executive at the bank, as well as a prominent hedge-fund manager, decided to place big bets on the company by buying up blocks of shares. […]

Tollgrade posts loss as proxy vote looms

Pittsburgh Post-Gazette – In a conference call with analysts yesterday, Joseph A. Ferrara, president, chief executive officer and board chairman of Tollgrade Communications, highlighted the company’s ”transformational activities” during the past quarter, including selling off its cable product line for […]

Highland Fund Sued by Schulte Roth for $2.83 Million

Bloomberg – Highland Capital Management LP, the Dallas-based investment firm that’s liquidating its main hedge fund, was sued by attorneys Schulte Roth and Zabel LLP for allegedly not paying $2.83 million in legal fees. The New York-based law firm initiated […]

Hedge fund firm Polar Capital says assets $1.54 bln

Reuters – Hedge fund firm Polar Capital said on Wednesday that its assets under management had fallen to $1.54 billion at end-May compared with $3.1 billion at end-March 2008. The firm said pretax profit for the year to March 31 […]

Billionaire Buffett auctions off another lunch

Sioux City Journal – Last year’s winning bid for lunch with legendary investor Warren Buffett topped $2.1 million, but given the economic turmoil, who knows if this year’s bidding will approach that level. Yet Buffett has built a devoted following […]

Traditional art fetching good prices in recession

Reuters – Traditional works of fine art are fetching good prices despite the recession as buyers seek security and quality, industry insiders said this week at the Art Basel show. Film star Brad Pitt grabbed the headlines by splashing out […]

Hedge Fund Mgr Schoenfeld Backs Icahn/Eastbourne Amylin Slate

CNNMoney.com – A major shareholder of Amylin Pharmaceuticals Inc. ( AMLN) is backing a slate of dissident directors nominated by Carl Icahn and another hedge-fund manager, Eastbourne Capital Management. P. Schoenfeld and Associates, which owned 2.1 million Amylin shares as […]

Falkland Oil raises 7.6 million stg in placing

Your Industry News – Falkland Oil and Gas Ltd (FOGL.L: Quote) said it conditionally raised about 7.6 million pounds ($11.8 million) to help fund capital expenditure on long-lead drilling equipment, and general and administrative costs through 2010 into 2011. The […]

Beverley Hills hedge fund fraud halted

A hedge fund fraud that involved a pair of funds claiming to hold more than $800 million in assets has been halted, according to the US Securities and Exchange Commission. In a statement, the regulatory body said the two funds […]

Madoff Trustee Locates Assets of $75 Million

Wall Street Journal – A lawyer for the court-appointed trustee liquidating Bernard Madoff’s firm confirmed they have located an additional $75 million in Madoff assets — a figure that would put the total above $1 billion. A lawyer for the […]

New Horizon may start second fund

Reuters UK – New Horizon Capital, a Japanese private equity firm, said it may start raising its second fund this year as it sees opportunities to make money from investing in struggling companies. New Horizon has five potential transactions in […]

Connecticut To Raise Accredited Hedge Fund Investor Standard

West Palm Beach (HedgeCo.net) – The Banks Committee of the Connecticut General Assembly voted yesterday to pass a bill that will raise the minimum financial qualifications for hedge fund investors to $2.5 million, and for institutional investors, $5 million. If […]

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