Monthly Archives: January 2011
Cyber Security & Hedge Funds
New York (HedgeCo.net) – With details trickling in about how the sophisticated Stuxnet computer worm derailed years of work on Iran’s nuclear program, many seasoned observers are left to wonder what might happen if such a powerful weapon were ever […]
Morningstar Predicts Hedge Fund Takeover Candidates
New York (HedgeCo.net) – Independent hedge fund research firm, Morningstar, Inc., has published its Merger and Acquisition Outlook for 2011, identifying the 100 most likely takeover candidates across Morningstar’s equity coverage universe. “While global merger and acquisition activity has been […]
Finance industry “almost lawless”, says Toscafund
Reuters – The financial services industry is practically “lawless” and needs better regulation of individuals entering the sector, a partner at Toscafund, one of the UK’s most high-profile hedge fund firms, said on Monday. Savvas Savouri, partner and chief economist […]
Blankfein Flunks Asset Management as Jim Clark Vows No More Goldman Sachs
Bloomberg – On Jan. 2, Jim Clark, a founder of such technology icons as Netscape Communications Corp. and Silicon Graphics Inc., was at home in Palm Beach, Florida, when he got an e-mail from an executive at Goldman Sachs Group Inc.’s private […]
US hedge funds set to relaunch legal fight to Porsche/VW deal
Arabian Business – US hedge funds are likely to relaunch a legal bid targeting a planned merger between carmakers Porsche and Volkswagen, both of which Qatar Holding owns a minority stake in, VW’s finance chief said. “There is a high […]
Mittal Heiress Buys Stake in Roc Capital
New York Times – Vanisha Mittal Bhatia, the only daughter of the world’s fifth-richest man, Lakshmi N. Mittal, ArcelorMittal’s chief executive, recently purchased a sizable stake in the quantitative hedge fund Roc Capital, according to a filing with the Securities […]
Prospect Targets Asset Increase After Freeze’s Japan Hedge Fund Gains 210%
Bloomberg – Curtis Freeze, who has been investing in Japan for more than 20 years, aims to rebuild his firm’s assets after they fell more than 85 percent from their peak. Honolulu-based Prospect Asset Management Inc., which manages $280 million, […]
Thames River names new property hedge fund manager
Reuters – Fund manager Thames River Property Investment Trust has appointed Raymond Lahaut as lead manager of its Longstone property hedge fund, replacing Christian Roos who is to join De Putron Fund Management. Thames River Property Investment Trust is managed by […]
Hedge Funds Have Big Stake in Gold’s Direction
Emii.com – The 5 percent or so pullback in the price of gold as well as gold exchange traded funds and mining stocks in recent weeks has sparked a debate over whether gold’s rapid runup has peaked, or simply a […]
Tenacious Contacts Lead To $1 Billion International Hedge Fund & Loan Scam
New York (HedgeCo.net) – The founder of Hong Kong-based hedge fund consultancy company and New York lawyer has been linked to two Liechtenstein businessmen recently fined $157 million each for their part in a US loan scam, according to The […]
Bermuda plays the tax card to lure hedge funds
The Australian – Bermuda, which has long been the preferred offshore home of the insurance sector, is vying with Switzerland and other low-tax regimes for a chunk of the highly mobile hedge fund industry. Business Bermuda, the inward investment agency, […]