Tag Archives: merger-talks
Investor starting long-short fund
Seattle Times – Bill Fleckenstein, a well-known Seattle investor who bets exclusively on falling stocks, is shutting his 12-year-old fund and starting a new one that will buy equities, too. Fleckenstein said he doesn’t think the worse is over in […]
Small payback belies big impact of 2003 mutual-funds
Seattle Times – Five years ago, the mutual- fund world was rocked by the biggest scandal in its 80-year history. Fund companies gave some customers trading privileges that weren’t open to everyone; those special interests — notably some hedge funds […]
House denies alternative minimum tax expansion
Seattle Times- The House on Wednesday approved a plan to protect more than 20 million families from an expensive levy called the alternative minimum tax (AMT) while raising taxes on hedge-fund managers and oil companies. But the measure has little […]
Shareholders Approve $7.2 Billion WaMu Bailout
New York (HedgeCo.Net) – A $7.2 billion bailout package was approved Tuesday by 94% of Washington Mutual Shareholders in a move that gives private equity firm TPG control of over 50% of the company, says the Seattle Times. Not that […]
Lehman Bros. denies tapping Fed
Seattle Times- Lehman Brothers on Tuesday denied that it was forced to tap the Federal Reserve’s discount window to stave off cash problems, and maintains that its books remain liquid. The nation’s fourth-biggest investment bank was battered Tuesday amid reports […]
