Monthly Archives: January 2013
Hedge Funds Find That Activism Pays
BusinessWeek – Onetime Carl Icahn protégé Keith Meister, 39, engineered a quick sale of Ralcorp Holdings (RAH), which makes private-label foods for grocers. In August he bought 5 percent of Ralcorp, which walked away from a takeover bid by rival ConAgra Foods (CAG) the […]
Hedge fund buys Legacy Golf Club for $3 million
Tampa – New York hedge fund bought Legacy Golf Club in Lakewood Ranch for $3 million. The premier course is almost 16 years old and was designed by golf legend Arnold Palmer. The previous owner of the course, Textron Financial Corp., acquired it for […]
Hedge fund manager: Aerospace taking off
CNN – The Dreamliners may be temporarily grounded, but one hedge fund manager is betting that aircraft makers are about to take off. “The aerospace industry was essentially put on hold during the few years since the financial crisis, but […]
Herbalife: Hedge Fund Porn, Part II
Seeking Alpha – The first part of the Herbalife (HLF) action arose in December when billionaire Bill Ackman announced a 20 million share short position. Bronte Capital’s John Hempton first coined the phrase “hedge fund porn” when describing the Ackman […]
Decosimo Provides Leadership For National Hedge Fund Tax & K-1 Boot Camp Seminar
New York – Decosimo, a Top 100 accounting and business advisory firm, will be lending its leadership for hedge fund education targeting hedge fund investors and management teams. Decosimo is providing support as the lead sponsor and Principal Karl J. Jordan, […]
Pyxis Capital, L.P., Adds Four New Regional Sales Directors
Pyxis Capital L.P. (“Pyxis”), a leading provider of registered alternative investments, has continued its rapid business expansion, announcing today that it has hired new Regional Sales Directors in Texas, Illinois, California and the Northeast. Casey Gage (Texas), Sandie Rodda (Illinois), […]
Hedge funds nurse heavy losses after UPS-TNT deal collapses
Reuters – United Parcel Service’s decision to abandon its 5.2 billion euro bid for TNT Express has left hedge funds nursing potential losses of more than $700 million, as the Dutch delivery firm’s shares slid. So-called merger arbitrage funds – […]
You Can’t Eat The Prada Bag
Unless the numbers change, a multitude of GenXers will probably be forced to accept a lower standard of living in their retirement than their seven younger decades. Currently less than half of Gen X has saved $100k to prepare for […]
Women and Alternatives: A Long-Deferred Tipping Point
All About Alpha – Rothstein Kass, an auditing and professional services firm with offices in California, Colorado, Massachusetts, New Jersey, New York, Texas and the Caymans, has released the results of its second annual survey of women in the alternative […]
Allenbridge hires former top HSBC hedge fund manager
Reuters – Allenbridge Investment Solutions has hired Tim Gascoigne, the former manager of HSBC Alternative Investment’s flagship $2.4 billion fund of hedge funds, the advisory firm said. Gascoigne, who was responsible for around $4 billion of the $38 billion that […]
Yale May Buy More Hedge Fund Assets After Favoring Cash
Bloomberg – Yale University, the second- wealthiest college, may increase its holdings of hedge funds after cutting them last year and shifting into cash, according to a report from the investments office run by David Swensen. Yale, whose $19.3 billion […]