Tag Archives: news-press
Mayor Bloomberg Fears National Debt Crisis
New York Post – The next issue for concern in the battered economy is whether there are going to be buyers for the nation’s billions in debt, Mayor Bloomberg said yesterday. Speaking to students at Georgetown University, Bloomberg pointed out […]
Wall St and funds urge SEC to keep ratings in rules
Reuters – Securities regulators are locking horns with some of the U.S.’s most powerful mutual funds and Wall Street players over plans to scrap requirements that money market funds hold investment-grade securities. For years, the Securities and Exchange Commission allowed […]
Hedge funds get a new cop
Wealth Bulletin – The UK’s financial regulator has hired Australian Andrew Crain to head up the team that oversees the roughly 40 largest hedge fund managers that operate in the UK. Crain, a former regulator in his home country, assumes […]
U.S. seeks delay of civil case vs. Bear managers
Reuters – U.S. federal prosecutors asked securities regulators to delay a civil case against two former Bear Stearns hedge fund managers while they hold grand jury hearings in building a criminal case against the pair. Fund managers Ralph Cioffi and […]
Harbinger Hedge Fund Looking to Shake Up Another Board
New York (HedgeCo.Net) – Harbinger Capital has taken an 8 percent stake in Cablevision Systems Corp., according to a regulatory filing done yesterday with the Securities and Exchange Commission. The activist hedge fund now owns nearly 19 million shares of […]
Federal Reserve investigated Lehman rumors
Reuters – The Federal Reserve acted on rumors last month and called Credit Suisse Group to see if it had pulled a credit line from Lehman Brothers Holdings Inc, The Wall Street Journal said citing people familiar with the matter. […]
Loeb, Under SEC Probe, Defends ‘Give-and-Take’ With Other Funds
Bloomberg – Daniel Loeb, whose Third Point LLC is being investigated by regulators, said his "give-and-take” with other hedge-fund managers doesn’t violate securities laws. The U.S. Securities and Exchange Commission is probing New York-based Third Point, which manages $5.6 billion, […]
CEOs Launch Web Site To Protect Short Sellers
Washington Post – When the Securities and Exchange Commission issued an emergency order last month protecting the stocks of the country’s largest financial institutions against a form of short selling, three businessmen saw an opportunity. Harvey Pitt, SEC chairman from […]
Soros boosts Lehman stake
Reuters – Billionaire investor George Soros hiked his stake in Wall Street firm Lehman Brothers to 9.5 million shares as of June 30 from 10,000 shares, according to a U.S. regulatory filing on Thursday. Soros disclosed the quarter-over-quarter increase in […]
US hedge fund buys $US162m BHP stake
The Age – Third Point, the New York-based hedge fund run by Daniel Loeb, bought a stake in BHP Billiton worth $US162 million at the end of June, adding the world’s largest mining company to its portfolio. Third Point, known […]
WaMu, Sovereign get British hedge fund investment
Reuters – An activist British hedge fund has taken a 6 percent stake in Washington Mutual Inc as the largest U.S. savings and loan tries to rebound from billions of dollars of mortgage-related losses. The London-based fund, Toscafund Asset Management, […]
British hedge fund buys 5% stake in Sovereign
Milwaukee Business Journal – An activist British hedge fund has taken a 5 percent stake in Sovereign Bankcorp Inc., according to a filing with the Securities and Exchange Commission. London-based Toscafund Asset Management said its passive stake amounts to 33.5 […]
