Monthly Archives: January 2007
Hedge Fund Trades Picks the ‘Magnificent Seven’ Most Profitable Trades of 2006
MSN MoneyCentral – Hedge Fund Trades, the premier weekly newsletter covering the trading activity of hedge funds, has come out in today’s issue with a list of seven top trades of 2006, whichcollectively racked up profits of $2.3 billion. All […]
Activist Hedge Fund calls for sale Of Sunpower
HedgeCo.Net (New York) – Activist hedge fund Chapman Capital LLC announced that it has notified the Board of Directors of Cypress Semiconductor Corporation of its recommendation that Cypress reorganize via a split-off and subsequent going-private LBO transaction. A letter from […]
Winners and Losers in Closed World of Hedge Funds
Black Enterprise – Hedge fund managers, let us toast the triumphs and travails of your secretive world as the year draws to a close. Already I can hear some of you yelping. You hate being calledsecretive. You insist that it […]
An emerging hub for the hedge fund services market
HedgeWeek – As hedge funds have become a growth area for the North American marketplace, Toronto has emerged as the Canadian hub for the industry, thanks to its stable business environment, supportive regulatory framework and favourable conditions for growth. For […]
Overstock.com lashes out at critics on Web
New York Post – Overstock.com’s war against its critics is taking an ugly new twist, as a Web site aided and supported by its management is leveling sharp charges against two Internet message boardposters. The site, AntiSocialMedia.net, launched bitter attacks […]
Banks Leases to Hedge Funds Are Questioned
New York Times – Inside a Philip Johnson-designed office tower in Boston’s financial district, UBS, the giant Swiss bank, is running a “hedge fund hotel.†Like a few other big investment banks, UBS leases space to ambitious young hedge fund […]
Dissident group gets three elected to Bally board
San Diego Union-Tribune – Two activist hedge funds succeeded Thursday in electing three candidates to the board of Bally Total Fitness Holding Corp. but failed in a bid to remove Paul Toback as chairman and CEO, the company announced following […]
The Hedge Fund Report: Mission Mostly Accomplished
TheStreet.com – Shareholder activists can’t always be bullies. Sometimes they must master the art of compromise. A good example is the decision last week by Pershing Square’s Bill Ackman to drop his campaign against McDonald’s (MCD:NYSE – commentary – research […]
Hedge Fund Industry Facing New Oversight
MSN MoneyCentral – As financial lore has it, five pals scraped together $100,000 in 1949 to start what became the first hedge fund. Their ringleader and mastermind, Alfred Winslow Jones, was aFortune magazine writer and former U.S. diplomat who had […]
CFTC Charges Two Staten Island Hedge Funds In Foreign Currency Scheme
CattleNetwork.com – The U.S. Commodity Futures Trading Commission (CFTC) announced today that it filed a federal injunctive action against Alexsander Efrosman, a/k/a Alex Besser, of Staten Island, New York, and two hedge funds under his control, Century Maxim Fund Inc., […]
More Heat On Hedge Funds
BusinessWeek – As if there weren’t enough controversy surrounding hedge funds, now the Securities & Exchange Commission is investigating suspicions that fund employees are engaging in insider trading. It’s not the typical heard-it-from-a-friend-at-the-company stuff, either. In the last decade hedge […]
MergerTalk: Hostile buyers, thank your lucky hedge funds
Reuters – Hostile and unsolicited take-over activity has run rampant lately, and buyers who are getting in on the action may want to draft thank-you notes to their favorite hedge funds for helping tostir the waters. Last year was the […]