Tag Archives: financial woes


Financial Woes Plagued Galleon Informant

New York Times – Roomy Khan, the central witness who brought down the Galleon hedge fund, is a former Galleon employee with a history of financial trouble who agreed to cooperate with prosecutors after she was caught making trades using […]

Activist hedge fund moves on Abitibi

Globe and Mail – A U.S. hedge fund with a reputation as an activist investor has become the biggest shareholder in AbitibiBowater Inc., putting added pressure on management at the struggling paper giant to find a speedy solution to its […]

Hedge Fund Shakes Up Chicago Sun-Times Board

New York (HedgeCo.Net) – Hedge Fund Davidson Kempner Capital Management has declared a proxy victory after replacing all but one of the board members of the Sun-Times Media Group. Davidson Kempner, who owns a 6% share in the parent company […]

GMAC to Receive $6 Billion from Uncle Sam

New York (HedgeCo.Net) – GMAC LLC, the financing arm of struggling U.S. automaker GM, will receive $6 billion from the federal government. The deal entails the treasury purchasing $5 billion in senior preferred equity in the company, while providing GM […]

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