Monthly Archives: February 2008
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 […]
Chicago hedge fund settles late trading charges
Reuters- A Chicago-area hedge fund, its investment adviser, chief executive and two employees have agreed to pay $40 million to settle charges that they were involved in an illegal late-trading scheme, authorities said on Tuesday. The U.S. Securities and Exchange Commission, […]
Ritchie Capital, Founder Pay $40 Million to End Probe
Bloomberg- Ritchie Capital Management LLC, founder Thane Ritchie and one of their hedge funds will pay almost $40 million to settle regulators’ claims over their alleged roles in illegal late trading of mutual funds. The firm made trades after the […]
Japan Falls Behind in Asian Hedge Fund Race
Japanese hedge funds took a major hit last year, after investors pulled out $7.7 billion of assets. This marks the second year in a row that the Japanese hedge fund industry has posted a loss. Valued at $24 billion, it is […]
Paladyne and SunGard Announce Strategic Partnership
New York, NY – 5th February, 2008 – SunGard (http://www.sungard.com), a leading provider of software and processing solutions to the financial services industry, and Paladyne Systems, a leading provider of outsourced alternative investment solutions, today announced a strategic partnership to […]
Special Situations Mergers & Acquisitions Launch
West Palm Beach (HedgeCo.Net)- In response to client needs and evolving capital markets conditions, Duff & Phelps Corporation announced the formation of a Special Situations Mergers & Acquisitions practice. This group formalizes Duff & Phelps’ long-standing expertise advising middle market […]
PIPEs & Opportunities For Hedge Fund Managers
West Palm Beach (HedgeCo.Net)- On Febuary 15th, 2008, a reduction in the Rule 144 holding period for restricted shares of public companies will take effect. The holding period, which is being shortened from one year to six months, will result […]