Tag Archives: investment-firm
Hedge Fund Is Dissolving as It Faces 2nd Inquiry
New York Times – In the rarefied world of hedge funds, he is one of the greats — a stock-picker who managed to make money, bull market or bear, for more than two decades. But on Wednesday, Arthur J. Samberg […]
Disgraced NY lawmaker joins hedge fund – report
Reuters – Vito Fossella, a former U.S. congressman representing sections of New York until a drunk driving conviction last year, has joined controversial hedge fund Superfund Investment Group, the Staten Island Advance reported this week. The community newspaper, citing unnamed […]
Newedge, Amiri Capital to launch Islamic hedge FoF
Reuters – Amiri Capital, the Islamic asset manager backed by investment firm Olivant, said on Monday it has teamed up with broker Newedge to launch the first Islamic fund of long/short hedge funds marketed in the Middle East. The partnership […]
Mathewson hedge fund profits from ABN takeover
The Herald – Toscafund, the hedge fund that was a catalyst for the sale of ABN Amro, made £158m profit in 2007 when Royal Bank of Scotland led the disastrous £49bn acquisition of the Dutch bank. The investment firm, whose […]
SEC enforcement chief Linda Thomsen resigns, replacement not named
Lethbridge Herald – The top cop at the U.S. Securities and Exchange Commission is leaving the government less than a week after receiving an angry dressing-down before Congress over the agency’s failure to detect a massive alleged fraud scheme. The SEC […]
SW1 Capital eyes control of hedge fund platform
Reuters – Investment firm SW1 Capital said on Friday it has bought into hedge fund platform PCE Investors and plans to build a controlling stake, cutting private equity firm Ubequity Capital Partners’ own holding. PCE runs $1.6 billion (1.1 billion […]
Seven investor group to buy IndyMac at $13.9b
Saudi Gazette – A seven-member investor group including billionaire George Soros and Dell Inc. founder Michael Dell have agreed to purchase failed lender IndyMac Bank, one of the largest casualties of the housing bust, for $13.9 billion. IndyMac, which specialized […]
Tontine Capital to Start New Hedge Fund After Losses
Bloomberg – Jeffrey Gendell, whose investment firm Tontine Associates LLC is liquidating two hedge funds after losses of more than 60 percent this year, plans to start a new fund in February. The Tontine Total Return Fund will invest in […]
EDF close to buying half of Constellation
Reuters – Electricite de France SA is close to an agreement to buy half the nuclear power business of Constellation Energy Group Inc (CEG.N) for $4.5 billion, Bloomberg reported, citing people familiar with the situation. Approval by Constellation‘s board, subject […]
Hedge Fund Dalton to Start $550 Million Distressed Asset Fund
Bloomberg – Dalton Investments LLC, the Los Angeles-based hedge fund with 70 percent of its assets in Japan, is starting a 50 billion yen ($550 million) fund that will invest in U.S. distressed assets, taking advantage of low prices. The […]
Connecticut Pension Fund to Enter Hedge Funds After $5 Billion Loss
StreetInsider.com – Connecticut State Treasurer Denise Nappier is moving forward with a plan to invest in hedge funds after losing $5 billion of pension assets this year. Nappier will begin allocating up to 8% of the $20 billion she oversees […]
Hedge-Fund Collectors Browse Colorful Currencies at Lugano Show
Bloomberg – Switzerland’s asset managers and private bankers haven’t drawn much mirth from investing this year, making the timing of the “Art of Money” show in Lugano ironic. The exhibition by New York-based artist Jenna Lash features a dozen brightly […]
