Monthly Archives: February 2009
Hedge Fund Bill Won’t Publicize Clients
Investment Consultant – Reports that U.S. Sens. Carl Levin’s and Charles Grassley’s new bill on hedge fund regulation will force funds to publicize the names of clients are untrue, the senators said. "Contrary to some press reports, the Grassley-Levin bill […]
Japanese Hedge Fund 21st Century Asset to Seek Takeover Targets
Bloomberg – 21st Century Asset Management Co., run by former Nomura Asset Management Co. executive Takanori Shimizu, said it may seek growth through takeovers after the worst year on record for hedge funds. Shimizu, 63, said he will also cut […]
Conyers Expands Cayman Islands Team
West Palm Beach (HedgeCo.net) – Pioneers in the field of offshore law, Conyers Dill & Pearman, (Conyers) is expanding its Cayman Islands presence with three new associates as attorneys-at-law. Stephen Leontsinis has joined the Litigation team, while Tania Dons and […]
GM in Talks to Acquire Stagnant Delphi Plants
New York (HedgeCo.Net) – It doesn’t help matters when a company, who is at the forefront of a government bailout, is expected to provide rescue to another faltering company. But that’s exactly what General Motors has found themselves in the […]
The Icelandic Volcano Erupts
Middle East Online – Can a Hedge-Fund Island Lose Its Shirt and Gain Its Soul? In December, reports surfaced that Treasury Secretary Henry Paulson pushed his Wall Street bailout package by suggesting that, without it, civil unrest in the United […]
Controversial French Business Tax To Be Abolished
Tax-news.com – Endeavouring to assuage fears and re-establish public confidence in the wake of one-day nationwide strikes, French President Nicolas Sarkozy has announced that local business tax or ‘taxe professionnelle’ will finally be abolished in 2010. Expressing his determination to […]
Hedge Fund Honchos Burned in Scam Start Fire Sale
New York Post – The founders of a New York hedge fund at the center of the Bernard Madoff scandal have begun selling assets as their firm faces massive losses and a slew of lawsuits, sources told The Post. Walter […]
China wants IMF to be tougher with rich states
Reuters – China, setting out its stall for the next global financial summit, wants the International Monetary Fund to get tougher with developed countries that let their economies run off the rails. In a position paper prepared for the April […]
Limiting fund risk can by risky too
Seattle Times – With their investment records in tatters, some mutual-fund companies are pinning their hopes on products with an old-fashioned ambition: delivering steady returns. Many of these funds are doing just that, while others are falling short of the […]
Activist hedge fund moves on Abitibi
Globe and Mail – A U.S. hedge fund with a reputation as an activist investor has become the biggest shareholder in AbitibiBowater Inc., putting added pressure on management at the struggling paper giant to find a speedy solution to its […]
Risk Watch: The Continuing Danger of the Young Money Manager
Seekingalpha.com – First, the veteran can lose money just as easily as the rookie. Second, and more perniciously, just because a young money manager has been humbled does not mean he now shares your thinking about risk. And in a […]