Monthly Archives: January 2011
Porsche wins $2 billion hedge fund suit’s dismissal
Market Crawl – A US federal judge dismissed a lawsuit by 10 hedge fund groups condemning German automaker Porsche SE of cornering the market in shares of Volkswagen AG, resulting in more than $2 billion of damages. US District Judge […]
Hedge Fund Launch: Limestone Global Emerging Markets Fund
New York (HedgeCo.net) – With growing investor interest in emerging markets and following on from the success of its Limestone Wider Russia Fund, London hedge fund adviser Headstart has launched the Limestone Global Emerging Markets Fund. The new fund will […]
Activist Hedge Fund Trying To Oust Ameron’s CEO
Barron’s – The activist hedge fund run by James Mitarotonda called Wednesday for Ameron International’s (AMN) chief executive to be replaced. Barington Capital Group, the hedge fund management firm, made a copy public of the letter it sent to Ameron’s […]
SurModics placates hedge fund
Star Tribune – The Eden Prairie-based biopharmaceutical company SurModics said Wednesday that it has resolved a dispute with an activist hedge fund by appointing two of the fund’s candidates to its board. New York-based Ramius LLC had nominated three directors […]
UCITS Hedge Funds Up 1.07% ($125.7 billion) in Dec 2010
New York (HedgeCo.net) – The UCITS Hedge Fund Alternative Index Global is up 1.07% in December, bringing the 2010 performance to 1.86% while the Fund of Funds Index is up 0.60% bringing the 2010 performance to -0.14%. The Commodities Index […]
Hedge Funds Raise Crude Bets to Four-Year High: Energy Markets
Bloomberg – Hedge funds raised bullish bets on crude oil to the highest level in more than four years on speculation that futures will climb as the U.S. recovers from the deepest recession since the 1930s. The funds and other […]
How Wall St. execs bankrolled GOP victory
MSNBC – A small network of hedge fund executives pumped at least $10 million into Republican campaign committees and allied groups before November’s elections, helping bankroll GOP victories that this week will change the balance of power in Washington, according […]
Sanders Morris Harris Group Completes Investment in Global Financial Services, $4 Billion Wealth Management Firm
Press Release – Sanders Morris Harris Group Inc. (Nasdaq: SMHG) today announced that it has completed its previously announced purchase of a 50.1% interest in Global Financial Services L.L.C. (www.globalhou.com). Global Financial manages approximately $4 billion of client assets and, […]
Hedge Fund People Moves: Hedgeye names Bob Brooke as a Managing Director
Press release – Hedge Fund research firm, Hedgeye Risk Management has hired financial services veteran Bob Brooke as Managing Director of New Business Development. “Hedgeye is fortunate to have Bob Brooke join our team at this point in our growth,” said Keith McCullough, CEO of […]
Former Icahn pro to launch hedge fund
HFM Week – Following reports that former Icahn Management head Rupal Doshi was departing the legendary hedge fund titan to start a hedge fund, more plans have materialised, HFMWeek has learned. According to sources familiar with her plans, the fund […]
Investors in Thoroughbred Fund Granted Early Exit
NYT – David Tepper, the manager of the $3 billion Thoroughbred Fund, is making a magnanimous gesture: he is allowing investors, who committed their money for three years, an early way out. “We were being nice,” Mr. Tepper, the founder […]
American Crossroads president says it operates like a hedge fund
The American Independent – The Los Angeles Times explores the prospects for campaign finance reform after Sen. Russ Feingold (D-Wisc.) lost his re-election in November and now that more Republicans are in Congress. (At Monday’s Republican National Committee chair debate, when […]