Monthly Archives: January 2009
The Greenbrier needs to compete
Charleston Daily Mail – The Greenbrier has been a powerful asset to West Virginia since before the state was a state. Its corporate parent today, Florida-based CSX Corp., recently announced that it has hired Goldman Sachs to make the resort […]
Seven investor group to buy IndyMac at $13.9b
Saudi Gazette – A seven-member investor group including billionaire George Soros and Dell Inc. founder Michael Dell have agreed to purchase failed lender IndyMac Bank, one of the largest casualties of the housing bust, for $13.9 billion. IndyMac, which specialized […]
New Year to Change Hedge Funds
Markets Media News – The New Year is likely to see several important shifts in alternative investing, according to Don Steinbrugge, managing partner of Agecroft Partners, a global consulting and third-party marketing firm for hedge funds. Steinbrugge said during the […]
James Chanos Says Hedge Funds Face Regulation: Year in Review
BloombergThe financial wreckage of 2008 has left no part of our country untouched. It exposed the bankruptcy of business models employed by mortgage companies, investment banks, and rating agencies as well as the flaws of innovations such as structured finance […]
Altos Places Hedge Fund Shareholders on Board
West Palm Beach (HedgeCo.net) – French IT services group Atos Origin is holding a shareholder meeting on Feb. 10, making board changes and initiating a plan to speed up recovery spearheaded by its new chief executive Thierry Breton. Atos Origin […]
Kevin Bacon, Kyra Sedgwick among Madoff victims
Globe Gazette – Kevin Bacon and wife Kyra Sedgwick are among the many victims of the massive Ponzi scheme run by the disgraced New York money manager. Bacon’s publicist, Allen Eichhorn, confirmed Tuesday that the couple had investments with Madoff. […]
Success of managed futures is a mixed bag
Chicago Tribune – Strong returns are a mixed blessing this year for investment funds that specialize in trading futures contracts. While the stock market plunged about 35 percent, managed futures funds posted annual returns of about 16 percent, according to […]
Bond Dealers, Hedge Funds Will Face Penalty for Failed Trades
Bloomberg – Bond dealers and hedge funds that fail to complete trades in Treasury securities face a penalty of as much as 3 percent on the proceeds of transactions, according to a Federal Reserve-backed industry code to be implemented in […]
Candace Bushnell Hates Hedge Funds
Forbes – It’s been foul weather for hedge-heads. Redemptions are rampant, performance is drooping, the Securities and Exchange Commission briefly banned short-selling, and Congress summoned them to do some ‘splaining. But the really bad stuff is yet to come. Hedge […]
Basis Bankruptcy sets Gloomy Precedent for Offshore Funds
HedgeCo.Net (West Palm Beach) Once a premier hedge fund in Australia, Basis Yield Alpha has just been valued at 2 cents on the dollar, by its former sister fund Sydney-based Basis Capital. This latest set-back is just another blow in a […]
Subprime Crackdown Targets Hedge Fund Industry Players
HedgeCo.Net (West Palm Beach) The FBI has targeted 14 corporations in a blitz of investigations on improper subprime mortgage lending, officials said Thursday. The crackdown, which includes mortgage lenders, investment banks, and subprime lenders, was initiated to sniff out fraud […]
Russia’s Hedge Funds Show Strong Growth & Potential
West Palm Beach (HedgeCo.Net)- Russia’s strong economic growth, rapidly expanding domestic market and increasing financial market liquidity has been fuel for rapidly expanding hedge funds and specialist investors in Russia and the former Soviet Union (FSU). One such company is […]