Tag Archives: government-loans


GM Says Opel Running Out of Cash; Three Factories Risk Closure

Bloomberg – General Motors Corp. said its European Opel unit risks running out of cash next quarter, threatening three factories with closure and imperiling as many as 300,000 jobs across the region. Opel, based in Ruesselsheim, near Frankfurt, is struggling […]

RAB Capital Hedge Fund Chief to Step Down

New York (HedgeCo.Net) – Philip Richards, head of hedge fund RAB Capital, is stepping down and will be replaced with Finance Director Stephen Couttie, according to a statement made by the company yesterday. Richards ran the $1.4 billion Special Situations […]

Hedge Fund Manager Will Bank Thanks to Reverse Takeover

New York (HedgeCo.Net) – Shareholders in Falkland Gold & Minerals have approved plans to buy Bahamas-based oil exploration company BPC after a unanimous vote yesterday.  Philip Richards, head of the RAB Special Situations Fund that owns a 76 percent stake […]

Hedge Fund RAB Consdiers Buying Back Shares

New York (HedgeCo.Net) – RAB Special Situations hedge fund is contemplating a share buyback, after getting burned by the nationalization of Northern Rock and the plummeting of share values that followed. The fund said it may repurchase the shares and […]

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