Tag Archives: globe and mail


Salida ‘back from the abyss’

Globe and Mail – When Salida Capital Corp. beat all other bidders in a charity auction last month to score lunch with Warren Buffett, the $1.68-million (U.S.) win sent a signal to Bay Street: Salida is back. Salida, the once […]

Is the sun setting on London’s financial reign?

Globe and Mail – Paris, so far, has emerged as the most serious challenger. But Mr. Sarkozy may be his own worst enemy on this file. The reason: He and his German allies are wholesale supporters of the European Union […]

Millionaires’ club sees record drop

Globe and Mail – The ranks of the world’s millionaires shrank at the fastest rate in 2008, with North America suffering the biggest wealth loss worldwide, according to a survey by Capgemini SA and Merrill Lynch & Co. The global […]

HudBay stokes interest of Indian mining giant

Globe and Mail – An Indian mining giant has quietly amassed a near 10-per-cent stake in HudBay Minerals Inc., securing a major advantage over potential rival suitors for the Canadian zinc and copper producer that has hired advisers to explore […]

HudBay stokes interest of Indian mining giant

Globe and Mail – An Indian mining giant has quietly amassed a near 10-per-cent stake in HudBay Minerals Inc., HBM securing a major advantage over potential rival suitors for the Canadian zinc and copper producer that has hired advisers to […]

Olympic village draining city’s cash reserves

Globe and Mail – The multimillion-dollar bills continue to creep up on the Olympic village project. The city has stashed $25-million into a contingency reserve for the project, while its property endowment fund has now disbursed $100-million for the city’s […]

A fund manager who protested too much

Globe and Mail – When Mark Bloom was arrested last week in New York for allegedly bilking clients of North Hills Fund, the case marked a new low in the hedge fund world. Not just because Mr. Bloom had allegedly […]

Hedge fund slams HudBays slip-shod merger process

Globe and Mail – HudBay Minerals Inc. chief executive officer Allen Palmiere tried to amend the terms of a controversial merger agreement with Lundin Mining Corp. after shareholders slammed the proposed transaction, according to court documents released by a hedge […]

Hedge funds hot – but not too hot – for Nova Chemicals

Globe and Mail – The hedge fund crowd jumped on Nova Chemicals yesterday, thrilled to invest in a takeover, but pessimistic that a bidding war will begin for the chemical company. Despite heavy trading yesterday, the price of shares in […]

CI will co-operate in Fairfax suit

Globe and Mail – A long-running legal dispute between Fairfax Financial Holdings Ltd. and a group of hedge funds has produced a sideshow involving the chief executive officer of one of Canada’s biggest mutual fund companies. Fairfax, a Toronto-based insurance […]

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 […]

Silvercreek latest hedge fund to feel sting of market downturn

Globe and Mail – The market meltdown has claimed another hedge fund, with Silvercreek Management into workout mode on a convertible bond fund that featured a who’s who of Canadian finance backers. Silvercreek oversees an estimated $300-million, and ran into […]

Related Posts Plugin for WordPress, Blogger...