Tag Archives: citigroup


Taylor Wimpey slips as hedge fund sells shares

Guardian.co.uk – Housebuilder Taylor Wimpey has slipped more than 8% on news that Toscafund, the hedge fund run by former bank analyst Martin Hughes, has sold a chunk of shares in the business. Tosca, which is said to have lost […]

Two equity firms buy Lehman’s money management unit

International Herald Tribune – Lehman Brothers said Monday that it would sell for $2.15 billion much of its money management business, including its prized Neuberger Berman asset management unit, to Bain Capital and Hellman & Friedman. The sale of the business, […]

A Hedge Fund Like No Other

Washington Post – Given the panic in Washington over the financial markets, it is virtually certain that Congress will soon pass some form of the bailout plan the Treasury put forward last week. This is not an ideal proposal, particularly […]

Hedge funds suffer further pain

Reuters UK – The bankruptcy filing of Lehman Brothers is another blow for the hedge fund industry, but at least the damage is limited from here for funds exposed the U.S. investment bank. Even legendary fund manager George Soros, who […]

Hedge Fund Rebukes Republic Services

Wall Street Journal – Hedge fund Elliott Associates LP made public a letter to Republic Services Inc. in which it said the company’s board wasn’t doing its duty by fully considering the raised $6.73 billion takeover bid from Waste Management […]

Hedge funds force Orient Express to hold meeting

Business Standard – Tatas’ voting powers in Bermuda-based hotel firm to rise if shareholders approve reclassification of shares. The Tata group-controlled Indian Hotels Company’s voting power in Orient Express Hotels (OEH) will increase if the shareholders vote for annulling the […]

Final Chicago Cubs bids likely in weeks

Reuters – Final bids for the Chicago Cubs will likely be due late September or early October, two sources said on Thursday, as owner Tribune Co seeks to sell the storied baseball team by the year end. The next stage […]

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 […]

Cerberus offloads MFI stake to restructuring specialist

Daily Telegraph – Cerberus, the American hedge fund, has sold its stake in Merchant Equity Partners, the owner of the MFI furniture chain, to Hilco and Goldman Sachs. The secretive investment firm was one of the original backers of MEP […]

Lehman May Put a Prized Unit on the Block

The Ledger – Lehman Brothers, the troubled investment bank, is considering the sale of all or part of its prized money management division to private equity firms to raise billions of dollars of capital and ease the pressure caused by […]

Soros boosts Lehman stake

Reuters – Billionaire investor George Soros hiked his stake in Wall Street firm Lehman Brothers to 9.5 million shares as of June 30 from 10,000 shares, according to a U.S. regulatory filing on Thursday. Soros disclosed the quarter-over-quarter increase in […]

Ospraie hedge fund loses $1bn on misplaced commodities bets

Ospraie Management, the US hedge fund led by Dwight Anderson, has seen about $1bn (€678m) in value being wiped out of Ospraie Fund, its biggest, over the last 12 months amid misplaced bets on commodities, according to a report in […]

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