Tag Archives: 6-million


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 […]

Millionaires’ club sees record drop

Globe and Mail – The ranks of the world’s millionaires shrank at the fastest rate in 2008, with North America suffering the biggest wealth loss worldwide, according to a survey by Capgemini SA and Merrill Lynch & Co. The global […]

Hedge Fund’s Bid for Sotheby’s Shares

Barron – Shares of auctioneer Sotheby’s have rebounded on hopes for a recovery in the art market, although the economic picture is still difficult to frame. However, although investors have bid up the shares in recent months, the stock still has […]

Tontine Partners raising new total return fund

Reuters – Hedge fund manager Jeffrey Gendell is mounting a comeback after a turbulent 2008. Gendell’s Tontine Associates LLC, disclosed plans in a Securities and Exchange Commission filing to raise funds for a new total return hedge fund. So far, […]

Gendell’s Tontine Partners Raises Money For New Hedge Fund

Nasdaq.com – Jeffrey Gendell of Tontine Partners LP, who is closing two of his hedge funds after steep losses, has raised money for his new Tontine Total Return Fund, according to regulatory filings. The Tontine Total Return fund, which Gendell […]

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 […]

Hong Kong regulator freezes hedge fund assets

Reuters – The Hong Kong Securities and Futures Commission (SFC) said on Tuesday it had commenced proceedings against 11 defendants related to Descartes Athena Fund SPC, a hedge fund that the regulator is investigating for allegedly falsifying accounts after liquidating […]

Big hedge funds’ golden era fading

Reuters – The golden age for super-sized hedge funds may be coming to an end as investors think about putting more money with smaller players, said an industry veteran who is setting up his own fund. "I think the established […]

$550 Million in Fees for One Merrill Lynch Banker

Wall Street Journal – Some numbers are so big you just have to stand back and admire them. An investment banker claiming $550 million of fees in a single year is just such a number. The number is staggering for […]

TowerBrook takes control of Autodistribution Group

Forex Pros – Private equity firm TowerBrook Capital said on Monday it had reached an agreement to take control of French debt-ridden auto parts firm Autodistribution Group. The deal, at a time of slumping sales in the European car industry, […]

U.S. offers more funds to help fraught AIG

The U.S. government announced a restructuring of a bailout plan for the troubled insurer American International Group Inc. Monday, extending $30 billion in additional aid to the company. News of the additional funds comes as AIG, once the world’s largest […]

Soros Management Fund Increases Stakes in Petrobras, Potash

Bloomberg – Billionaire investor George Soros’s hedge-fund firm bought more shares of Petroleo Brasileiro SA and Potash Corp. of Saskatchewan Inc. in the fourth quarter, almost doubling its holdings. Soros Fund Management LLC bought 16 million shares of the Petrobras’ […]

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