Monthly Archives: February 2006
KKR Financial plans to launch a hedge fund
Investors Business Daily – In the latest sign that the private-equity and hedge-fund businesses are converging, Kohlberg Kravis Roberts & Co. is launching a hedge fund. The KKR Strategic Capital Fund will focus on debt investments, according to Roanne Kulakoff, […]
Regulators decide no specific rules needed for hedge funds
Canada’s securities regulators have decided not to introduce specific regulations governing hedge funds. “We have a full group of rules that apply to all those sorts of vehicles,” David Wilson, chairman of the Ontario Securities Commission, told reporters yesterday. “So […]
Hedge funds in watchdogs’ sights –
Independent – London-based hedge fund managers are facing a regulatory clampdown from both British and American watchdogs. The Financial Services Authority will next month detail where it is going on regulating hedge funds and their managers, after a six-month consultation […]
Europe’s hedge funds shake off recent woes
International Herald Tribune – European hedge- fund managers are starting more funds and raising more money than ever before, getting past the troubles of early 2005, according to EuroHedge magazine. European fund managers started a record 330 new funds in […]
Hedge fund trustee seeks money back
Monsters and Critics.com – A New York lawsuit is seeking $237,582 from actor John Cusack because he was allegedly overpaid for his investment in Lipper Convertibles. A separate lawsuit dealing with the same case was also filed against former Sony […]
Wall St research suffers since Spitzer deal
ABC News – For more than a decade, Tom Berquist enjoyed life as a software analyst at Goldman Sachs and then Citigroup, delving into the latest technology and rubbing elbows with the executives ofnew, fast-growing firms. But next month Berquist […]
The power of nun: taking a lead role in shareholder activism
Christian Science Monitor – As a shareholder representative who believes in good pay for bottom-rung workers, Ruth Rosenbaum occasionally reminds corporate executives across the table from her that she has a doctorate in economics. In other words, she knows something […]
KT&G Rejects Bid by Investors Icahn and Lichtenstein
Bloomberg – KT&G Corp. rejected a bid from U.S. investors Carl Icahn and Warren Lichtenstein that valued the tobacco maker at $10 billion, raising the prospect of the nation’s biggest hostile takeover battle. The board decided the offer wasn’t “in […]
More than one foe
Globe and Mail – Gradient Analytics Inc. has built a lucrative business offering independent research to investors, but its reputation is now being hammered by lawsuits that allege it is little more than a rewrite shop for hedge funds. Gradient, […]
Lower risks from hedge fund strategies causing a rethink
The Financial Standard – While global hedge funds continue to outperform global equities, the big news is that they are doing it for only one-third the risk. The latest GreenwichVan Hedge Fund Index report for January 2006 shows that the […]
Hedge funds turn heat on Arcelor
NDTV.com – The Arcelor management knows time is running as Arcelor CEO Guy Dolle faces his shareholders on Tuesday. The shareholders make up for 86 per cent of Arcelor’s stake and will be a crucial link to decide whether Mittal […]
Europe’s hedge fund industry grows
Reuters.uk – More than 330 new Europe-based hedge funds raised $27.82 billion (15.87 billion pounds) last year compared with 250 in 2004 who raised $22.79 billion, trade publication EuroHedge said onThursday. That represents a 32 percent rise in the number […]