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	<title>Hedge Fund News From HedgeCo.Net &#187; embarrassment</title>
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	<description>Breaking Hedge Fund News</description>
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		<title>Madoff scandal doesn&#8217;t justify clampdown</title>
		<link>http://www.hedgeco.net/news/12/2008/madoff-scandal-doesnt-justify-clampdown.html</link>
		<comments>http://www.hedgeco.net/news/12/2008/madoff-scandal-doesnt-justify-clampdown.html#comments</comments>
		<pubDate>Tue, 30 Dec 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[audit firm]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[billions of dollars]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[investment results]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[ponzi scam]]></category>
		<category><![CDATA[scandal]]></category>
		<category><![CDATA[trading strategy]]></category>
		<category><![CDATA[wall street]]></category>

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		<description><![CDATA[UnionLeader.com &#8211; For sheer toe-curling embarrassment, it may be a while before Wall Street does better than the Bernard Madoff scandal. Here was a rogue who practically telegraphed his unreliability by hiring a tiny, no-name audit firm, by reporting monthly investment results that never fluctuated and by claiming a trading strategy that could not possibly [...]]]></description>
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		<item>
		<title>CSX settles case over alleged fund violations</title>
		<link>http://www.hedgeco.net/news/12/2008/csx-settles-case-over-alleged-fund-violations.html</link>
		<comments>http://www.hedgeco.net/news/12/2008/csx-settles-case-over-alleged-fund-violations.html#comments</comments>
		<pubDate>Thu, 18 Dec 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Activist Funds]]></category>
		<category><![CDATA[asset-management]]></category>
		<category><![CDATA[assurances]]></category>
		<category><![CDATA[banking-industry]]></category>
		<category><![CDATA[dealer-operations]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[gaap]]></category>
		<category><![CDATA[investment-returns]]></category>
		<category><![CDATA[japanese-government]]></category>
		<category><![CDATA[law-expert]]></category>
		<category><![CDATA[market-share]]></category>
		<category><![CDATA[money-managers]]></category>
		<category><![CDATA[steven-harrison]]></category>
		<category><![CDATA[ty]]></category>
		<category><![CDATA[us-congress]]></category>

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		<description><![CDATA[CNNMoney.com -&#160;Railroad CSX Corp. said Wednesday it has settled a case of alleged securities law violations with two activist shareholder hedge funds. If the settlement is approved by a federal court, CSX will receive $10 million from TCI, which manages The Children&#8217;s Master Investment Fund, and $1 million from 3G Capital Management. The case, brought [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/12/2008/csx-settles-case-over-alleged-fund-violations.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Shareholder Sues CSX, Hedge Funds Over Short-Swing</title>
		<link>http://www.hedgeco.net/news/10/2008/shareholder-sues-csx-hedge-funds-over-short-swing.html</link>
		<comments>http://www.hedgeco.net/news/10/2008/shareholder-sues-csx-hedge-funds-over-short-swing.html#comments</comments>
		<pubDate>Thu, 30 Oct 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[asset-management]]></category>
		<category><![CDATA[brian-l-roberts]]></category>
		<category><![CDATA[civil-penalties]]></category>
		<category><![CDATA[client-expectations]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[general-electric-co]]></category>
		<category><![CDATA[img-src]]></category>
		<category><![CDATA[industry-experience]]></category>
		<category><![CDATA[japanese-government]]></category>
		<category><![CDATA[mapeley]]></category>
		<category><![CDATA[outsiders]]></category>
		<category><![CDATA[public-offering]]></category>
		<category><![CDATA[railroad-experience]]></category>
		<category><![CDATA[standalone-basis]]></category>
		<category><![CDATA[university-of-texas]]></category>
		<category><![CDATA[us-congress]]></category>

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		<description><![CDATA[CNNMoney.com &#8211; A shareholder has sued CSX Corp. (CSX) and two hedge funds over sales of CSX shares before the funds publicly disclosed plans to shake up the railroad operator&#8217;s board in a proxy fight earlier this year. The lawsuit, filed in U.S. District Court in Manhattan on Tuesday, is seeking recovery of so-called &#34;short-swing&#34; [...]]]></description>
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		<item>
		<title>CSX Third Quarter Profits Down, Ward Optimistic</title>
		<link>http://www.hedgeco.net/news/10/2008/csx-third-quarter-profits-down-ward-optimistic.html</link>
		<comments>http://www.hedgeco.net/news/10/2008/csx-third-quarter-profits-down-ward-optimistic.html#comments</comments>
		<pubDate>Wed, 15 Oct 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[advisory-services]]></category>
		<category><![CDATA[board-election]]></category>
		<category><![CDATA[chief-executive]]></category>
		<category><![CDATA[dan-hesse]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[japanese-government]]></category>
		<category><![CDATA[jet-fuel]]></category>
		<category><![CDATA[panel-sessions]]></category>
		<category><![CDATA[target]]></category>
		<category><![CDATA[times-union]]></category>
		<category><![CDATA[us-congress]]></category>
		<category><![CDATA[utility-stocks]]></category>

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		<description><![CDATA[New York (HedgeCo.Net) &#8211; Jacksonville-based CSX Corp&#8217;s profit fell 6.1 percent in the third quarter according to their regulatory filing yesterday, thanks to reduced freight in a sour U.S. economy.&#160; This is the first time in the last five quarters that the railroad company has seen a decrease in profit.&#160; Net income for the third [...]]]></description>
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		<title>CSX loses fight to block hedge funds</title>
		<link>http://www.hedgeco.net/news/09/2008/csx-loses-fight-to-block-hedge-funds.html</link>
		<comments>http://www.hedgeco.net/news/09/2008/csx-loses-fight-to-block-hedge-funds.html#comments</comments>
		<pubDate>Tue, 16 Sep 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[advisory-company]]></category>
		<category><![CDATA[advisory-services]]></category>
		<category><![CDATA[brian-l-roberts]]></category>
		<category><![CDATA[charles-schmitt]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[japanese-government]]></category>
		<category><![CDATA[liquidators]]></category>
		<category><![CDATA[outsiders]]></category>
		<category><![CDATA[standalone-basis]]></category>
		<category><![CDATA[target]]></category>
		<category><![CDATA[us-congress]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Florida Times Union &#8211; CSX Corp.&#8217;s proxy fight with two hedge funds apparently ended Monday, after an appellate court turned down CSX&#8217;s attempt to block some of the funds&#8217; votes for the company&#8217;s board of directors. CSX, which had already seated two representatives of The Children&#8217;s Investment Fund Management LLP and 3G Capital Partners Ltd. [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Hedge funds get 4 of 5 candidates on CSX board</title>
		<link>http://www.hedgeco.net/news/07/2008/hedge-funds-get-4-of-5-candidates-on-csx-board.html</link>
		<comments>http://www.hedgeco.net/news/07/2008/hedge-funds-get-4-of-5-candidates-on-csx-board.html#comments</comments>
		<pubDate>Thu, 17 Jul 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[brian-l-roberts]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[img-src]]></category>
		<category><![CDATA[industry-experience]]></category>
		<category><![CDATA[member-board]]></category>
		<category><![CDATA[ordeal]]></category>
		<category><![CDATA[outsiders]]></category>
		<category><![CDATA[panel-sessions]]></category>
		<category><![CDATA[standalone-basis]]></category>
		<category><![CDATA[target]]></category>
		<category><![CDATA[us-congress]]></category>

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		<description><![CDATA[Bizjournals.com- CSX Corp&#8217;s board is in for a bumpy ride despite assurances from the railroad and two rival hedge funds they will work together to maximize profitability, a railroad analyst said. &#34;Everyone is human and the proxy fight between them has gotten ugly at times,&#34; said Lee Klaskow, a Longbow Research senior analyst. Four out [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Proxy advisory firm backs hedge funds&#8217; nominees for CSX board</title>
		<link>http://www.hedgeco.net/news/06/2008/proxy-advisory-firm-backs-hedge-funds-nominees-for-csx-board.html</link>
		<comments>http://www.hedgeco.net/news/06/2008/proxy-advisory-firm-backs-hedge-funds-nominees-for-csx-board.html#comments</comments>
		<pubDate>Fri, 20 Jun 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[advisory-company]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[gores-group]]></category>
		<category><![CDATA[img-src]]></category>
		<category><![CDATA[industry-experience]]></category>
		<category><![CDATA[london-underground]]></category>
		<category><![CDATA[outsiders]]></category>
		<category><![CDATA[shareholder-votes]]></category>
		<category><![CDATA[target]]></category>
		<category><![CDATA[television-stations]]></category>
		<category><![CDATA[us-congress]]></category>

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		<description><![CDATA[Bizjourmals.com- The country&#8217;s largest proxy advisory company recommended the election of four of the five board members nominated by hedge funds engaged in a proxy contest with CSX Corp. The Children&#8217;s Investment Fund Management LLP and 3G Capital Partners Ltd. have nominated five new members for CSX&#8217;s 12-member board. The RiskMetrics Group, a proxy advisory [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/06/2008/proxy-advisory-firm-backs-hedge-funds-nominees-for-csx-board.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ahead of the Bell: CSX vs. hedge funds</title>
		<link>http://www.hedgeco.net/news/06/2008/ahead-of-the-bell-csx-vs-hedge-funds.html</link>
		<comments>http://www.hedgeco.net/news/06/2008/ahead-of-the-bell-csx-vs-hedge-funds.html#comments</comments>
		<pubDate>Thu, 12 Jun 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[brian-l-roberts]]></category>
		<category><![CDATA[contention]]></category>
		<category><![CDATA[dan-hesse]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[new-england-sports-network]]></category>
		<category><![CDATA[palm-beach]]></category>
		<category><![CDATA[railroad-experience]]></category>
		<category><![CDATA[us-congress]]></category>
		<category><![CDATA[wb]]></category>

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		<description><![CDATA[Forbes- Shares of railroad operator CSX Corp. may trade actively Thursday after a federal judge&#8217;s ruling opened the doors to a proxy battle later this month. On Wednesday afternoon, the judge ruled that dissident shareholders broke the law in their effort to change CSX&#8217;s corporate structure, but did not block them from voting for their [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CSX, hedge funds to present cases online</title>
		<link>http://www.hedgeco.net/news/06/2008/csx-hedge-funds-to-present-cases-online.html</link>
		<comments>http://www.hedgeco.net/news/06/2008/csx-hedge-funds-to-present-cases-online.html#comments</comments>
		<pubDate>Fri, 06 Jun 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[billionaire]]></category>
		<category><![CDATA[disclosure]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[firefighters]]></category>
		<category><![CDATA[founding-partners]]></category>
		<category><![CDATA[industry-experience]]></category>
		<category><![CDATA[nyse]]></category>
		<category><![CDATA[outsiders]]></category>
		<category><![CDATA[target]]></category>
		<category><![CDATA[television-station]]></category>
		<category><![CDATA[us-congress]]></category>

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		<description><![CDATA[Bizjournals.com- CSX Corp. and the activist hedge funds engaged in a proxy contest with the railroad will make their cases to gain the recommendation of a company many institutional investors rely on when casting shareholder votes. RiskMetrics Group, a proxy advisory company, will hold a special governance forum at 11 a.m. June 9 in anticipation [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CSX says hedge funds have no plan for the company</title>
		<link>http://www.hedgeco.net/news/06/2008/csx-says-hedge-funds-have-no-plan-for-the-company.html</link>
		<comments>http://www.hedgeco.net/news/06/2008/csx-says-hedge-funds-have-no-plan-for-the-company.html#comments</comments>
		<pubDate>Wed, 04 Jun 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[business-strategy]]></category>
		<category><![CDATA[dan-hesse]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[img-src]]></category>
		<category><![CDATA[investment-arm]]></category>
		<category><![CDATA[investment-objective]]></category>
		<category><![CDATA[luxembourg]]></category>
		<category><![CDATA[percent-stake]]></category>
		<category><![CDATA[unsecured-creditors]]></category>
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		<description><![CDATA[Reuters- U.S. railroad CSX Corp, locked in a proxy battle with two hedge funds, urged shareholders in a letter on Tuesday to vote against the activist investor group&#8217;s proposed slate of five directors, saying they had &#34;no plan&#34; for the company. &#34;The TCI Group, which is promoting a slate of five new directors for the [...]]]></description>
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		</item>
		<item>
		<title>CSX Case Challenges Hedge Funds</title>
		<link>http://www.hedgeco.net/news/05/2008/csx-case-challenges-hedge-funds.html</link>
		<comments>http://www.hedgeco.net/news/05/2008/csx-case-challenges-hedge-funds.html#comments</comments>
		<pubDate>Tue, 27 May 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[allianz]]></category>
		<category><![CDATA[carramerica]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[industry-experience]]></category>
		<category><![CDATA[investment-returns]]></category>
		<category><![CDATA[japanese-government]]></category>
		<category><![CDATA[mortgage-lenders]]></category>
		<category><![CDATA[municipal-bond]]></category>
		<category><![CDATA[target]]></category>
		<category><![CDATA[telegraph]]></category>
		<category><![CDATA[us-congress]]></category>
		<category><![CDATA[value-investors]]></category>

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		<description><![CDATA[New York Post- A looming decision in a heated lawsuit brought by railroad giant CSX Corp. could shut down a loophole used by activist hedge funds to hide their stake from the market. CSX alleges that two big hedge funds &#8211; The Children&#8217;s Investment Fund (TCI) and 3G Capital Partners &#8211; used complex swap agreements [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CSX, hedge funds face off in US court</title>
		<link>http://www.hedgeco.net/news/05/2008/csx-hedge-funds-face-off-in-us-court.html</link>
		<comments>http://www.hedgeco.net/news/05/2008/csx-hedge-funds-face-off-in-us-court.html#comments</comments>
		<pubDate>Thu, 22 May 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[april-3rd]]></category>
		<category><![CDATA[asset-management]]></category>
		<category><![CDATA[business-strategy]]></category>
		<category><![CDATA[embarrassment]]></category>
		<category><![CDATA[global-trading]]></category>
		<category><![CDATA[investment-arm]]></category>
		<category><![CDATA[japanese-government]]></category>
		<category><![CDATA[medallion]]></category>
		<category><![CDATA[misery]]></category>
		<category><![CDATA[outsiders]]></category>
		<category><![CDATA[percent-stake]]></category>
		<category><![CDATA[target]]></category>
		<category><![CDATA[us-congress]]></category>

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		<description><![CDATA[Reuters- The chief executive of CSX Corp said in court on Wednesday he felt targeted by activist investors seeking to get seats on the board of directors, but the rail company negotiated with them in good faith to try to find common ground. CSX sued The Children&#8217;s Investment Fund Management, a hedge fund known as [...]]]></description>
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