Monthly Archives: February 2008
Watching hedge fund bets for market trends
International Herald Tribune- If hedge funds are, as is often claimed, the investment vanguard, their latest moves appear to be telling financial markets it is time to take a break from the trading patterns that have dominated since mid-2007. Investment banks […]
Hedge funds flex political muscle in U.S. election
Reuters UK- Hedge fund managers Ken Griffin and Dan Loeb are backing Democratic presidential contender Barack Obama, while Thomas Steyer and Marc Lasry are betting on his rival, Hillary Clinton. Prominent New York hedge fund managers Louis and Zack Bacon […]
SEC issues warns over wealth funds
Daily Telegraph- The Securities and Exchange Commission has warned it is highly wary of sovereign wealth funds, branding the new wave of investors as potential traders of inside information. The SEC, the US’s leading financial regulator, also accused such funds […]
Investors punish hedge funds for poor returns
Reuters- Investors punished hedge funds for poor performance in December, when they dramatically cut the new money they sent to its lowest level in two years, new data released on Thursday show. Pension funds, endowments and wealthy individuals put only […]
Ritchie Capital sues investors in troubled hedge fund
Chicago Tribune- Ritchie Capital Management LLC has sued investors who are trying to force one of its hedge funds into bankruptcy, claiming they disparaged the Lisle-based investment firm. Comments made by the investors’ bankruptcy counsel have made it more difficult […]
Private sector to fund, run nuclear plant
Globe and Mail- A consortium of private sector companies is teaming up with Atomic Energy of Canada Ltd. to finance a $5-billion ACR1000 reactor in New Brunswick in a test of a new ownership model for nuclear plants that could […]
Airlines edge closer to deals on mergers
Seattle Times- Airline boards are under pressure from hedge funds and other investors to find a way to boost share prices that fell calamitously last year as oil prices skyrocketed. Four major U.S. carriers, including United Airlines, appear closer to […]
Noci Pictures Offers 100% Deductions For Alternative Investors
West Palm Beach (HedgeCo.Net)- Noci Pictures Entertainment, A Chicago film finance and production company is offering an innovative way for high net worth investors, hedge funds and private equity groups to receive 100% deductions for film investments as well as […]
Hedge fund firm GLG Partners says assets rise
Reuters- GLG Partners, one of Europe’s largest hedge funds, reported strong asset inflows on Wednesday and said prospects for future expansion remained bright. London-based GLG, which floated in New York last year, said net inflows during the three months to […]
VEB, hedgefunds, oppose Rodamco Europe squeeze out price
Forbes (Thomson Financial) – Dutch shareholders’ association VEB and five hedge funds are to challenge the 81.03 eur squeeze out price set for those Rodamco Europe NV shares not already owned by Unibail-Rodamco, VEB lawyer Aafje Rietveld told Thomson Financial […]
Coffee Rises on Demand by Index, Hedge Funds for Commodities
Bloomberg- Coffee rebounded to close at the highest price in eight years on demand for commodities by index and hedge funds. Hedge funds and other speculators increased net-long positions, or bets prices will rise, by 187 contracts to 40,263 contracts […]
Investors flee Japanese hedge funds
Reuters- Investors pulled $7.7 billion (3.9 billion pounds) out of laggard Japanese hedge funds last year, more than a fifth of their investments, prompting a shake-up of the industry and draining the faltering economy of prized foreign capital. The Japanese […]