Monthly Archives: February 2011
Guardian Media Group investment fund
Guardian – In 2008 Guardian Media Group (GMG) established an investment fund portfolio, as part of its strategy to reduce risk. This fund consists of a wide range of different investments made directly by GMG. These investments are managed by […]
Blockbuster seeks to go on block
Blockbuster Inc. is preparing to put itself up for sale after creditors disagreed on plans to give the movie-rental chain more cash to help it exit bankruptcy protection, people familiar with the matter said. Blockbuster now plans to seek buyers […]
People Moves
Hedge Funds Review – DMS Management, a management company based in the Cayman Islands focused on providing independent directors for the hedge fund industry, has opened a representative office in Hong Kong. Supported by DMS’ Cayman, the office will provide localised […]
Hedge funds now eye aluminium
Business Standard – With aluminium lagging other base metals’ spiral in the past year, hedge funds are eyeing this white metal as the next growth avenue for high profitability. Until recently, aluminium was considered a subsidiary to copper for portfolio […]
Galleon Hedge Fund Trial: Wiretapping Spousal Communications
New York (HedgeCo.net) – A judge has asked to see a transcript of 18 spousal conversations in the case against Craig Drimal, a trader for the Galleon Group of hedge funds, the Las Vegas Sun reports. Federal agents were eavesdropping on the […]
Hedge Fund Service Expansion: DMS Management (Hong Kong) Limited
New York (HedgeCo.net) – Cayman Islands hedge fund firm, DMS Management Ltd, has opened a representative office in the Asia-Pacific region: DMS Management (Hong Kong) Limited. Supported by DMS’ Cayman office, the hedge fund firm hopes to strengthen the relationships between Hong […]
Sirius XM Gets Hedge Fund Love
The Street – Hedge fund managers are raising their stakes in Sirius XM. Eighteen hedge funds added to current positions or established new ones, including heavyweights like Steven Cohen’s SAC Capital Advisors and Shumway Capital. Ten hedge funds trimmed positions while only […]
Northwest Seeks to Raise $250 Million for Asia Stock Hedge Fund
Bloomberg – Northwest Investment Management Ltd., a Hong Kong-based company sold by RAB Capital Plc in 2009, plans to raise $250 million in a year for an Asia-focused stock hedge fund, said Chief Executive Officer George Philips. The market-neutral Northwest Equity Alpha […]
U.S. hedge fund tries to stop Anglo asset transfer
The Irish Emigrant – It has emerged that a New York and Miami-based hedge fund which invests in the U.S. mortgage market is demanding that Anglo Irish Bank be stopped from transferring $10.7bn of assets out of the U.S. Fir […]
U.S. Hedge Funds Sweep Offices for Listening Devices, FT Says
Bloomberg – U.S. hedge-fund managers are reacting to the government’s insider-trading investigation by hiring security firms to comb their offices and homes for listening devices, the Financial Times reported. Christopher Falkenberg, of New York firm Insite Security, said hedge funds have, in […]
Analysis: Hedge funds rediscovering taste for Japan
Reuters – Hedge funds are turning attention to Japan once again and are set to attract more capital on expectations a pick-up in corporate activities there like M&A and share buy-backs would yield strong returns. The resurgent interest in Japan could […]