Tag Archives: conglomerate


Pickens hedge fund has lost more than $1 billion

Houston Chronicle – Boone Pickens, the billionaire founder of BP Capital LLC, said 15 percent of his hedge funds’ holders have asked for the option to withdraw their money after he lost more than $1 billion in energy trades this […]

Britain’s FSA Cracks Down on Insider Trading

New York (HedgeCo.Net) – The British Financial Services Authority has imposed a fine on Steven Harrison for about $93,000 after accusing him of market abuse.  Harrison will not be allowed to work as a trader for the next 12 months. […]

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 […]

Paulson & Co. To Launch New Hedge Fund

New York (HedgeCo.Net) – John Paulson, the infamous hedge fund manager turned billionaire who bet brilliantly against the housing market, will start a new fund later this year according to a report published on Bloomberg.com. The new hedge fund will […]

Peace breaks out in Yahoo leadership row

Guardian Unlimited- The struggling internet company Yahoo has struck a pact with its billionaire critic Carl Icahn by giving the hedge fund activist a minority presence on its board to avoid a potentially tempestuous showdown at a shareholder meeting next […]

Assured Guaranty Says Profit Will Surge on Derivatives Gains

Bloomberg- Assured Guaranty Ltd., which owns one of two bond insurers to have retained Aaa credit ratings, said its second-quarter profit would surge by more than 14 times because of gains in credit derivatives. The company, whose second-biggest shareholder is […]

Yahoo Shareholder Proposes Board Compromise

New York (HedgeCo.Net) – Hedge Funder Eric Jackson of Ironfire Capital will call on Yahoo Inc. to accept a board of directors mixed with members both proposed by the company and from a dissident slate backed by billionaire investor Carl […]

Speculators and the oil market

Mining MX- The question as to whether the oil price has been driven higher by speculators is highly emotive. Many supporters of the idea want a clampdown on speculation while others say that would be dangerous and futile interference in […]

Yahoo/Microsoft Talks May Be Back On

New York (HedgeCo.Net) – After months of on-again off-again talks between Yahoo and Microsoft, the possibility of a merger looks to be back on.  According to the Wall Street Journal, Microsoft said they may be interested in restarting talks if […]

Recent failures slow growth of Icahn

Boston Globe- Carl Icahn has hit the roughest patch of his hedge fund career. His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds opened in November 2004, according to […]

Icahn’s Activist Funds’ Slim Returns Supply Cause to Deactivate

Bloomberg- Carl Icahn has hit the roughest patch of his hedge-fund career. His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds opened in November 2004, according to investors. That […]

Fortis gets $630 mln capital from Russian billionaire

U.S. Daily- Belgian-Dutch financial services group Fortis received $630 million in capital from Russian billionaire Suleiman Kerimov as part of its recent share issue, the Wall Street Journal said, citing people familiar with the matter. Fortis, which last week raised […]

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