Tag Archives: percent-stake
Merrill’s Thain seeking 2008 bonus of $10 million
Reuters – Merrill Lynch & Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company’s compensation committee is resisting his request, the Wall Street Journal […]
Aberdeen CEO sees chance to buy hedge funds
Reuters UK – Fund manager Aberdeen Asset Management is eyeing opportunities to snap up funds of hedge funds and funds of private equity funds at bargain-basement prices, its chief executive said on Thursday. Martin Gilbert said that with opportunities in […]
Crunch halts production of independent films
Chicago Tribune – The credit crunch and global economic recession have squeezed many independent filmmakers, who were already struggling from a glut of films and a shortage of funds even before the global economy went into a tailspin last month. […]
Man Group a consolidator in hedge industry
Reuters – Man Group plans to be a consolidator in the hedge fund industry in the long-term, said Chief Executive Peter Clarke, who thinks the industry could see redemptions of between a third and a quarter at the year-end. "Consolidation […]
China Construction Bank to launch $731 mln health fund
Reuters Shanghai – The investment banking arm of China Construction Bank plans to launch a 5 billion yuan ($731.3 million) fund to focus on investments in the country’s rapidly growing heathcare sector, state media reported on Tuesday. Hong Kong-based CCB […]
Currency shakeout to benefit hedge funds
Reuters UK – Recent sharp moves in global currencies are the start of longer trends set to produce strong money-making opportunities for trend-following hedge strategies, according to Insch Capital Chief Executive Chris Cruden. Cruden, whose Insch Interbank Currency Program is […]
What Makes Me Bearish? Hedge Fund Sales on the Horizon
Seeking Alpha – Investors pulled at least $43bn from U.S. hedge funds in September as market turmoil led to unprecedented withdrawals, an analysis by a leading research house shows. The data from TrimTabs Investment Research – which was to be […]
Hedge funds target corporate lending as banks dry up
Reuters – An unprecedented cash crunch is choking the ability of banks to lend and creating an opportunity for hedge funds to launch, or ramp up corporate lending facilities. Companies that have relied on bank borrowing to grow, or even maintain […]
Epic Software turns down hedge fund buyout offer
Forbes – Business software company Epicor Software Corp. said Monday it will not pursue a $566 million buyout offer from shareholder Elliott Associates LP. Hedge funds Elliott Associates and Elliott International LP offered to buy Epicor Oct. 1 for $9.50 […]
Hedge fund firm GAM planning distressed fund
Reuters – GAM, the hedge fund firm owned by Julius Baer AG, is preparing to launch a distressed debt fund of funds after watching asset prices reach "extreme levels", a company letter seen by Reuters said. In a letter to […]
‘We are approached by hedge funds considering fund liquidations on a weekly basis’
Times Online – Every week at least one British hedge fund is considering winding up its funds as catastrophic investment performance puts the sector under unprecedented pressure, an industry expert said yesterday. Andrew Shrimpton, the former head of hedge fund […]
