Tag Archives: bastion


More Bad News for Hedge Fund Appaloosa

New York (HedgeCo.Net) – Hedge Fund Appaloosa Management may have tried to turn their back on Delphi, but somehow they just can’t seem to get away.  Ensnarled in a nasty court battle with the Michigan auto parts supplier, the judge […]

CQS launches $160 mln volatility hedge fund

Reuters – Hedge fund manager CQS said on Thursday it had launched a new fund that will aim to profit from the volatility that has gripped global stock markets for much of the past year. CQS, which had $9.6 billion […]

Top Woolworths investor says no to GBP50m takeover offer

Times Online – Woolworths’ biggest shareholder has thrown his weight behind management in rejecting Malcolm Walker’s £50m takeover approach, while refusing to deny that he is planning his own bid for the struggling retailer. Iranian property tycoon Ardeshir Naghshineh, who […]

GM Increases Loan to Delphi by $300 million

New York (HedgeCo.Net) – While Delphi continues its quest to secure the capital needed to exit bankruptcy, GM has announced they will increase their loan to the auto parts maker to $950 million.  The extra $300 million will help Delphi […]

Delphi to Proceed in Suit Against Hedge Fund

New York (HedgeCo.Net) – American auto parts maker Delphi has been given the green light to proceed with their suit against hedge fund Appaloosa Management. U.S. Bankruptcy Judge Robert Drain denied a request by Appaloosa yesterday to dismiss the fraud […]

Delphi creditors join suit against hedge fund

New York (HedgeCo.Net) – Appaloosa Management is getting hit from all angles in their attempt to walk away from the deal they struck with Delphi. The hedge fund is not only being sued by the auto parts maker, but now […]

Delphi sues hedge fund after backing out of deal

West Palm Beach (HedgeCo.Net) – One month after Appaloosa Management backed out of a $2.55 billion deal to help lift Delphi out of Chapter 11, the Troy auto parts supplier is suing the hedge fund for damages. "Our efforts to […]

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