Monthly Archives: February 2008
Hedge fund Elliott accuses rival of espionage
Reuters- Hedge fund Elliott Management Corp sued Cedar Hill Capital Partners LLC on Tuesday, alleging its rival engaged in corporate espionage by misappropriating its proprietary software used for trading. Elliott alleged that Cedar schemed with one of its employees and […]
US hedge fund offers to buy UK’s Mapeley
Financial Times- The long-awaited consolidation of the UK’s publicly listed property sector began yesterday after Mapeley, an outsourcing group, received a takeover approach from US hedge fund Fortress, its majority shareholder. The US investment group is understood to have offered […]
Sailfish hedge fund to shut down
Stamford Advocate- A Stamford hedge fund that has been steadily losing assets since the summer has informed investors that it has begun liquidating its remaining holdings and plans to close up shop for good. Sailfish Capital Partners, a private, multistrategy […]
Hedge funds in softer tone with Japan’s boards
Financial Times- Non-Japanese hedge funds, which have in recent years engaged in acrimonious battles with Japanese boards, are taking a more conciliatory approach in a country where many companies resist foreign interference. The Children’s Investment Fund, a UK-based hedge fund, […]
Hedge funds embrace Obama, donate less to Clinton
Reuters- Hedge funds shifted bets in the hotly contested U.S. presidential race in January when they wrote bigger checks to Democratic contender Barack Obama after favoring his Democratic rival Hillary Clinton in 2007. The $1.8 trillion hedge fund industry donated […]
Using Multiple Prime Brokers – Bad for Economy?
West Palm Beach (HedgeCo.Net) – The Government Accountability Office has said that using multiple Prime Brokers could pose risks to the economy. Currently, most large hedge funds do employ multiple prime brokers to assists in things like trading, lending, as […]
Two California Men Sentenced for Hedge Fund Fraud
West Palm Beach (HedgeCo.Net) – Two men involved in a hedge fund scam that defrauded investors out of $6 million were sentenced yesterday in Los Angeles. Keith Gilabert, 33, of Valencia, CA, will serve the maximum five year prison sentence […]
AQR Hedge Fund Fell Almost 15% Through Mid-February
Bloomberg- AQR Capital Management LLC’s largest hedge fund fell almost 15 percent this year through Feb. 15 as market swings tripped up computer models the managers use to make trades, two people with knowledge of the matter said. The assets […]
Hedge funds go prime time
InvestmentNews- Morningstar Inc.’s recent launch of a star-rating system for hedge funds is the ultimate move into the mainstream for an asset class that has long thrived as an exclusive alternative investment. "This is just further evidence of the notion […]
Asyst gets buyout proposal from ex-CEO, hedge fund
Asyst Technologies Inc received a buyout proposal from its former chief executive and private equity firm Gores Group LLC for a maximum of $298.2 million, sending the chip equipment maker’s shares up more than 12 percent. The offer of $5 […]
Florida hires hedge fund expert to help in probe
Reuters- Florida has hired two experts, including one with a long track record in hedge funds, to examine how a local government investment pool was nearly wiped out late last year, state legislators said on Monday. Tanya Styblo Beder, who […]
Hedge fund rules find few backers at EU hearing
BRUSSELS (Reuters)- Europe’s hedge funds and private equity should be free from the burden of mandatory rules, companies and investors said on Monday, but law enforcers cautioned that fraud in the sector was rising alarmingly. Investing in hedge funds and […]