Tag Archives: billionaire
Seven investor group to buy IndyMac at $13.9b
Saudi Gazette – A seven-member investor group including billionaire George Soros and Dell Inc. founder Michael Dell have agreed to purchase failed lender IndyMac Bank, one of the largest casualties of the housing bust, for $13.9 billion. IndyMac, which specialized […]
Paulson Not on Board with Redemption Restrictions
New York (HedgeCo.Net) – John Paulson, head of hedge fund firm Paulson & Co., recently spoke his mind on the wave of redemption freezes that many managers have chosen to impose. “We think it’s a mistake for our managers to […]
Cuban’s Sports Gambling Hedge Fund, Revisited
CNBC – More than four years ago, Dallas Mavericks owner Mark Cuban said that if he started any hedge fund, it would be a sports gambling hedge fund. Cuban quickly noted that it was merely a fantasy: as an owner, […]
Key 2010 Olympics company in BC refinances just ahead of deadline
Metro Canada – A company that will play a key role in the Vancouver 2010 Olympic Games ended rampant speculation about its financial well-being Thursday by completing a deal to refinance a $1.7-billion loan – just hours before deadline. Intrawest […]
Israeli hedge funds beat benchmark
Globes – Priority Investments Ltd.’s Israeli hedge fund index, Hedge Fund Priority Index (HFPI) fell 0.85% in July, compared with a 4.66% drop by its benchmark, the Tel Aviv 25 Index. However, the Hedge Fund Research Inc. (HFRI) fund weighted […]
Introduction Capital Announces Executive Sponsors for its Forum
TORONTO – Introduction Capital announced today that BMOCapital Markets and Sprott Asset Management have signed on as the executivesponsors for its third annual forum for sophisticated global investors whoare interested in the Canadian hedge fund market entitled "Canadian HedgeFund Managers […]
Goldman’s $100 Million Man Walks
The Money Times- A $100 million here, a $100 million there, and pretty soon you’re talking about real compensation. U.K.-based hedge fund manager GLG Partners (NYSE: GLG) announced today that it has hired Goldman Sachs (NYSE: GS) partner Driss Ben-Brahim. […]
Hedge fund sells shares after Vaalco proxy fight ends
Houston Business Journal – A noisy, contentious proxy battle ended quietly Wednesday when shareholders of Vaalco Energy Inc. voted in the company’s chosen slate of board directors. Houston-based Vaalco (NYSE:EGY) had spent the past three months fending off an attack […]
