Monthly Archives: February 2009
Cohen’s Hedge Fund Taxes Can’t Fix Connecticut’s Fallen Revenue
Bloomberg – Philip Duff, Morgan Stanley’s former chief financial officer, last month fired 80 of the 100 people at his 11-month-old hedge fund, and now he’s looking to sublet excess office space in Greenwich, Connecticut. Record losses and terminations at hedge […]
Top SEC Regulator Backs Hedge Fund Oversight
CNBC – Top U.S. securities regulator said Tuesday she generally supported requiring hedge funds to register with the Securities and Exchange Commission. SEC Commissioner Elisse Walter is the latest in a growing number of policymakers to express support for more […]
Treasury Select Committee MPs accuse funds of cashing in on misery
Times Online – The Massachusetts Pension Reserves Investment Management Board, which oversees $38 billion, voted to fire hedge-fund firm Austin Capital Management after losing $12 million with alleged Ponzi scheme operator Bernard Madoff. The state pension board also decided at […]
MetLife Net Falls 12% on Losses From Hedge Funds, Real Estate
Bloomberg – MetLife Inc., the largest U.S. life insurer, said fourth-quarter profit declined 12 percent on losses from hedge funds and real estate ventures. Shares gained in extended trading as the company beat analysts’ estimates. Net income slipped to $985 […]
Hedge Fund Manager to head up River & Mercantile Fund Launch
West Palm Beach (HedgeCo.net) – UK fund manager, River & Mercantile, is launching an Equity Income Fund with the aim to invest in the best ideas generated by their UK team. Hedge fund manager Richard Staveley is taking the lead […]
Hedge Fund Pharos Reports on the Russian Investment Landscape
West Palm Beach (HedgeCo.net) -The events of 2008 were dramatic everywhere in the world, but particularly so in Russia. Despite the decline of – 74.2% for the MSCI Index in 2008, the Pharos Russia Fund produced a positive 3 year […]
Baker takes funds’ case to Congress
TheAdvocateOne year ago, former U.S. Rep. Richard Baker, R-Baton Rouge, stepped out of Congress to become the chief lobbyist for the trillion-dollar hedge fund industry and walked right into the economic tornado swirling through the nation. “I don’t have too […]
Lehman judge, James Peck, charged with hitting wife gets lawyer
New York Daily News – A federal judge charged with slapping his wife hired a big shot defense attorney as he faces a misdemeanor charge that could land him in the clink. James Peck, 63, the bankruptcy judge overseeing the […]
Eastbourne Proposes Amylin Directors, Backs Icahn
Bloomberg – Hedge fund Eastbourne Capital Management LLC nominated five directors to the board of Amylin Pharmaceuticals Inc. and is supporting a slate put forward by investor Carl Icahn, after it “lost confidence” in leadership of the maker of the […]
Arbitrage Lures Gabelli After 920 Hedge Funds Fail
Bloomberg – Mario Gabelli is buying Wyeth to book a 13 percent profit from its takeover by Pfizer Inc. Managers at Cohen & Steers Inc. are scooping up closed-end funds trading at a 16 percent discount to the value of […]