Monthly Archives: February 2013

Forbes – Greenlight Capital’s David Einhorn is urging Apple shareholders to vote down a change to the company’s charter that would allow it to stop issuing preferred stock. Investors would be able to repel the proposal at Apple’s shareholder meeting […]

Reuters – SunTrust Banks Inc sued a Connecticut-based hedge fund on Wednesday to block arbitration of a $13 million dispute over mortgage-backed securities. The lawsuit, filed in U.S. district court in Manhattan, is the latest one brought by a bank […]

Hedge Funds Review – Hedge funds finished 2012 in positive territory, according to eVestment. Despite reports of investor dissatisfaction, performance contributed with $116.3 billion increasing overall AUM in 2012. Hedge fund assets increased almost 6% during 2012 to hit $2.6 […]

Jake Mann (Seeking Alpha) – The subject of Apple (AAPL)’s so-called “secret” hedge fund has gained quite a bit of steam in recent months. At Insider Monkey, we originally covered how Braeburn Capital, an asset manager in Nevada, was managing […]

Forbes – Tiger Global Management in past months discreetly sold a stake in the largest public U.S. gun company, as critics vilified the firearm industry following the Sandy Hook Elementary massacre. Tiger Global established a sizable position in Sturm, Ruger […]

Chicago Tribune – Pierre Andurand, who managed $2 billion at his BlueGold oil hedge fund before it folded last year under heavy losses, is headlining a host of one-time commodity stars looking to make a comeback in a less merciful […]

CNN – JC Penney’s latest tangle has many folks speculating about whether there’s another hedge fund battle brewing. The retailer said it received a Notice of Default from law firm Brown Rudnick, which claims to represent an “ad hoc” group […]

Bloomberg – The Merchant Commodity Fund, managed by Doug King and Michael Coleman, cut a third of its staff after two consecutive years of losses during which assets under management slumped almost 90 percent. The hedge fund cut five jobs […]

BusinessWeek – Since hotelier Tobias Zurbriggen can remember, the business of running Saas-Fee has been a local affair. Now, the Swiss ski resort neighboring the Matterhorn is feeling the heat from a New York-based financier. Edmond Offermann, a nuclear scientist […]

Hedge-fund clients of Bank of America Corp.’s Asian prime brokerage unit have increased their leverage since October as the market outlook improved, according to the second-largest U.S. bank by assets. Gross leverage, which tracks hedge funds’ long and short positions […]

Reuters – France’s finance minister Pierre Moscovici defended on Tuesday a government plan to ringfence banks’ proprietary trading and leave hedge-fund financing intact, saying that hedge funds play a vital role in the French economy. France’s proposed bank reforms, due […]