Tag Archives: minneapolis


Madoff Trustee Says Vizcaya Hedge Fund Ignored Suit Against It

Bloomberg – Michael McCarty, former chief equity and options strategist at Meridian Equity Partners Inc. in New York, plans to start a hedge fund next month that will make bets on price discrepancies between similar exchange-traded funds. McCarty, 49, said […]

Ackman’s hedge fund for Target falls 40%

Birmingham Business Journal – The hedge fund created by activist investor William Ackman to buy up shares of Target Corp. lost 40.1 percent of its value in January, according to a Bloomberg News report.  Since creating the fund, called Pershing […]

Ackman’s Hedge Fund for Target Stake Fell 68% in 2008

Bloomberg – William Ackman’s hedge fund that invests in Target Corp. fell 68 percent last year, more than double the loss by the second-largest U.S. discount chain. Pershing Square IV declined 7.7 percent in December alone, according to a letter […]

Hedge Funds Concede Errors, Profess Optimism After Worst Losses

Bloomberg – Hedge fund managers, after enduring the industry’s worst month in a decade, are seeking to explain to investors what went wrong and what they are doing about it. “We clearly underestimated several things, most importantly the tsunami of […]

UPDATE-Airline Files For Chap.11 After Petters Arrest

West Palm Beach (HedgeCo.net) – Holiday airline Sun Country filed for bankruptcy yesterday, just 3 days after the arrest of investor Thomas Petters, founder of Petters Group Worldwide, the firm that owns Sun Country among other investments. Petters was charged […]

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