Monthly Archives: February 2014
Companies fight back against hedge funds
CNNMoney – As activist investors intensify their efforts to shake up large firms, a new alliance has formed to hit back at the Carl Icahns and Dan Loebs of the world. On Monday, a group of directors and long-term shareholders of […]
Hedge Fund Manager Funds Anti-Keystone XL Advertising “Sucker Punch”
New York (HedgeCo.Net) – The hedge fund manager that signed the Giving Pledge with Warren Buffett and Bill Gates is attacking the Keystone XL oil pipeline plans. The State Department “reported no major environmental objections” to the proposed $7 billion pipeline on Friday, the AP reports. “Our efforts to […]
After Scandal, SAC Capital Begins to Fade to Black
NYT – SAC Capital Advisors, synonymous with an insider trading scandal that has consumed the hedge fund industry, will soon cease to exist as Wall Street has known it. Steven A. Cohen’s 22-year-old hedge fund — once the envy of […]
SEC Charges N.Y.-Based Money Manager and Firm for Misleading Advertisements
SEC – The Securities and Exchange Commission today charged a New York-based money manager and his firm with making false claims through Twitter, newsletters, and other communications about the success of their investment advice and a mutual fund they manage. […]
Hedge funds seek 1.8 billion damages from members of Porsche’s owning family
Reuters – Investors including U.S. hedge fund Elliott Associates have escalated a legal battle against members of Porsche’s supervisory board by seeking 1.8 billion euros ($2.43 billion) in damages from Wolfgang Porsche and his cousin Ferdinand Piech. The most recent […]
LIMMAT CAPITAL approved by the Swiss Financial Market Supervisory Authority
Starting the new year off in a positive direction, LIMMAT CAPITAL Alternative Investments AG was approved by the Swiss Financial Market Supervisory Authority (FINMA) as asset manager of foreign collective schemes on January 3. LIMMAT CAPITAL Alternative Investments AG is […]
Man Group Results for the financial year ended 31 December 2012
Man Group PLC reports that funds under management (FUM) at 31 December 2012 were $57.0 billion (31 December 2011: $58.4 billion). Other key points include: *Sales of $12.8 billion, redemptions of $20.1 billion, FRM acquisition $8.3 billion, investment movement of […]
Hedge Fund Fraud: Man Group Employee Arrested In London FSA Sting
New York (HedgeCo.Net) – An analyst at one of Man Group’s hedge fund managers is said to have been arrested in London on suspicion of insider trading, Bloomberg reports. “Investigators from the Financial Services Authority flanked by officers from the Metropolitan Police arrested the […]
Apple takes bite out of famed hedge fund managers
MSN – Investors interested in the strategies of David Einhorn and David Tepper may want to note that their top holding, Apple, is trading close to its 52-week low, and less than the average price either of the two managers paid for their shares. […]
J.P. Morgan Says Hedge Funds Using ‘Pocket Veto’ to Halt MF Global Suit
Fox News – J.P. Morgan Chase & Co. (JPM) says a group of hedge funds is trying to use a “pocket veto” to derail the bank’s bid to recover $928 million it lent to MF Global Holdings Ltd. just before […]
New York hedge funds target Boston real estate empire
BizJournal – Shares in CommonWealth Real Estate Investment Trust surged 48 percent Tuesday after two hedge fund managers who own nearly 10 percent of the company threatened to unseat its board and acquire all outstanding shares at “a significant premium.” […]