Tag Archives: chrysler


Taleb: I Have Discovered The Solution To The Global Financial Crisis

July 14, 2009 : Permalink

The Business Insider – Nassim Taleb and his hedge-fund partner Mark Spitznagel weigh in in the FT with an analysis of the world’s problem (too much debt) and a reasonable solution (convert some of the debt to equity).  As usual, […]

Supreme Court approves the Chrysler-Fiat alliance

June 10, 2009 : Permalink

The Money Times – While the group of Indiana pension funds, holding $42 million debt in Chrysler, opposed the treatment meted out to them in the form of reorganization process with Fiat, the court denied hearing to the pension funds […]

Hedge funds worried Obama moves could backfire

June 1, 2009 : Permalink

Reuters UK – U.S. government efforts to revive a sluggish economy have cheered markets since March, but some of the most successful investors around worry these moves may only make the bad times linger. Several hedge fund managers at an […]

Fund Managers Burned by Obama Now Say They Are Wary

May 21, 2009 : Permalink

Bloomberg – Hedge fund manager George Schultze says he may avoid lending to any more unionized companies after being burned by President Barack Obama in Chrysler LLC’s bankruptcy. Obama put Chrysler under court protection on April 30 after lenders balked […]

New Group of Creditors Tries to Block Chrysler

May 21, 2009 : Permalink

Washington Post – The government-orchestrated sale of Chrysler to Italian carmaker Fiat is facing a fresh legal challenge from some of the American carmaker’s lenders, which are trying to take the fight to federal district court. Pension funds representing Indiana […]

‘Hedge Fund Man’ for next president

May 14, 2009 : Permalink

Pottstown Mercury – I have seen the future of conservatism and … he is a hedge fund manager. I refer to hedge fund manager Clifford S. Asness, and I’m only halfway kidding. Or maybe I’m not kidding at all. The […]

Demonizing hedge-fund managers

May 12, 2009 : Permalink

St. George Daily Spectrum – According to the Center for Responsive Politics, hedge funds and private equity firms donated $2,992,456 to the Obama campaign in the 2008 cycle. Obama, vocal critic of the campaign finance practice known as "bundling," accepted […]

Chrysler Opponents Unmasked

May 7, 2009 : Permalink

BusinessWeek  – The list of dissidents is much smaller than the original 20 or so hedge funds that veoted a pre-bankruptcy deal to reduce Chrysler’s outstanding secured debt. The list of hedge funds that are still members of the opposition […]

Hedge Funds Lose In Chrysler Bankruptcy

May 6, 2009 : Permalink

The Business Insider – It looks like the "surgical" 30-60 day bankruptcy may be a go. Late last night, after a marathon session in court, Judge Arthur Gonzalez basically approved the plan to merge Chrysler into Fiat, rejecting the claims […]

Chrysler Dissidents Must Reveal Identity, Judge Says

May 6, 2009 : Permalink

Philadelphia Bulletin – Chrysler LLC dissident lenders must reveal their identities by 10 a.m. today, a bankruptcy judge ruled, rejecting claims that their safety was at risk. U.S. Bankruptcy Judge Arthur Gonzalez in New York forced the group to file […]

Hedge fund manager lashes back at Obama on Chrysler

May 6, 2009 : Permalink

Reuters – Prominent hedge fund manager Clifford Asness has struck back at the Obama administration, saying hedge funds had the right and responsibility to hold out on last week’s Chrysler LLC restructuring deal. "Managers have a fiduciary obligation to look […]

Chrysler Hedge Funds Getting Death Threats

May 5, 2009 : Permalink

The Business Insider – Barack Obama’s decision to paint the hedge funds in the Chrysler case as anti-American obstructionists is prompting death threats against them. That’s at least what their lead laywer Thomas Lauria is saying, reports The Detroit News. […]