Monthly Archives: February 2006
Seattle hedge fund to target biotech
Seattle Times – Delafield Hambrecht, a Seattle investment firm, is working to raise $100 million for a hedge fund focused on biotechnology stocks. Launched earlier this month, the fund will be managed by Quynh Pham, a lauded stock-picker during her […]
Fidelity to open 3 funds in Japan for retirement
Boston Globe – Fidelity Investments, the world’s largest mutual-fund company, will start three funds in Japan focused on paying dividends to lure more individuals away from the safety of bankdeposits, which total about $6.3 trillion. Thomas Balk, who took over […]
Biovail Alleges Stock Plot
Stockhouse Canada – Powerful hedge funds conspired with Wall Street analysts in an illegal plot to drive down shares of Biovail (BVF:NYSE – commentary – research – Cramer’s Take) during 2003 and 2004, the Canadian drug company alleged in a […]
The Hedge Fund Report: Graduating From Harvard – TheStreet.com
TheStreet.com – Hedge fund managers are always bargain-hunting. An example is the recent interest in Price Communications (PR :NYSE – news – research – Cramer’s Take), aholding company whose sole claim to value is that its stock will become exchangeable […]
Talking Funds of Funds With Citigroup’s Ray Nolte
TheStreet.com – Citigroup (C:NYSE – news – research – Cramer’s Take) runs a $37.6 billion alternative investment business called Citigroup Alternative Investments. It’sorganized around private equity, managed futures, structured products, real estate and hedge funds. Late last year, Ray Nolte […]
Lure of carry trades fades as investors turn cautious
LONDON (Reuters) – Steep falls in the high-yielding New Zealand dollar and the Icelandic crown are early warnings to investors that markets are turning their attention to macro imbalances brewing ineconomies offering higher interest rates. Higher interest rates in countries […]
You Can Bet on Dollar With Currency Funds
ABC News – Currency trading used to be a strategy employed by only the wealthiest investors and hedge funds, but a growing number of mutual and exchange traded funds make it possible for individualsto try it for themselves, with significantly […]
Drug Maker Biovail Files $4.6B Lawsuit
ABC News – Biovail Corp., Canada’s largest drug maker, filed a lawsuit Wednesday in New Jersey seeking $4.6 billion in damages from 22 defendants, mostly hedge funds and investment researchers. The complaint alleges that Biovail was the target of a […]
Crescent City Capital Advisors Announces Launch of New Hedge Fund
Boca Raton, FL. January 2, 2006 – Crescent City Capital Advisors, L.L.C. (CCCA) announced that they have launched the Crescent City Dedicated Short Fund, L.P., a short-biased hedge fund. Crescent City Capital Advisors L.L.C. is an alternative strategy asset management […]
Jeffries Significantly Expands Prime Brokerage Services
NEW YORK, February 22, 2006 — Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of a six-person team of industry veterans to enhance its prime brokerage unit. The group will […]
HedgeOp Compliance and Backstop Solutions Group Co-Host Seminar Series
New York, NY – February 22, 2006 – HedgeOp Compliance, LLC and Backstop Solutions Group, LLC (BSG) announced today that they will jointly host a series of seminars for hedge fund managers. The seminars will deal with the complex and […]
Norshield funds may never be found
The Globe and Mail – Investors who put money into hedge funds managed by Norshield Financial Group will likely get back a maximum of 10 cents for every dollar they invested in the insolvent company. The actual recovery could be […]