Monthly Archives: April 2015
Blind hedge fund trader and others trying to change the world
HITC – The World Economic Forum has named its “Young Global Leaders” – including many financial types – and expect them to be forces for global good. A blind hedge fund trader in London, a former fighter pilot who now […]
Rare disease specialist dismisses hedge fund’s attack on two patents
InVezz – Rare disease specialist Shire Plc (LON:SHP) today rebuffed claims that it does not have grounds to maintain patents on its Lialda and Gattex medicines. The claim was made by US hedge fund Hayman Capital Management. While acknowledging the […]
Hedge Fund Fueled American Apparel Accused Of Firing 200 Workers After Bonus Blitz
New York (HedgeCo.Net) – American Apparel, under the corporate control of New York-based hedge fund Standard General, terminated close to 200 workers beginning on April 1, 2015. According to human rights organization Hermandad Mexicana, the firings came only one day […]
Bonderman’s Wildcat Family Office Backing Hedge Fund for Masses
Bloomberg – David Bonderman amassed a $3 billion fortune in private equity for sophisticated investors. He’s now selling hedge fund strategies to the masses. Bonderman, whose TPG Capital has owned companies such as Continental Airlines and retailer J Crew Group […]
Why You Should Worry About Your Fund Manager’s Love Life
WSJ – When managers of hedge funds get divorced or married, it’s bad news for their investors. Their asset returns are likely to suffer. Worse still, the pain could last years. That is the conclusion from a working research paper […]
Wall Street Law Firms Challenge Hedge-Fund Deal Tactic
WSJ – A group of large Wall Street law firms have banded together in an unusual bid to clamp down on a popular hedge-fund strategy aimed at squeezing more money from corporate takeovers. Seven firms—including Cravath, Swaine & Moore LLP; […]
RadioShack’s Blueprint for a Rebirth, Planned by a Hedge Fund
NYT – A day after RadioShack’s narrow escape from liquidation in bankruptcy court, Soohyung Kim, the financier who led the contentious rescue, retreated to a back office to make a conference call with the chain’s almost 2,700 workers, vendors and […]
SEC Wants Broker-Dealers To Join The National Securities Association
New York (HedgeCo.Net) – Hedge fund law specialist Sadis & Goldberg reports that the United States Securities and Exchange Commission has announced a proposal to amend Rule 15b9-1 under the Exchange Act to require broker-dealers who trade in off-exchange venues […]
Hedge Funds Pare Russell 2000 Shorts as Cost of Protection Drops
Bloomberg – Hedge-fund managers, a group of investors who lost faith in small-cap stocks last year just before they plunged, are now shedding their bearish bets prior to first-quarter earnings. Large speculators pared their short positions in futures tied to […]
This hedge fund wants to profit off your tweets
Fortune – Hedge fund managers are looking in an unlikely place for stock tips: your Twitter feed. Tashtego, a hedge fund firm based in Boston, is setting up a Social Equities Fund, which will based its investment decisions on consumer […]
Shire, ‘Three’s Company,’ Seeds: Intellectual Property
Bloomberg – Kyle Bass is expanding his campaign against pharmaceutical companies. Shire Plc is the newest target of the hedge fund manager’s strategy to challenge drug patents, according to filings last week with the U.S. Patent and Trademark Office. Bass […]
Some big-name hedge fund managers lost money in March as the stock market rally stalled
Reuters – Some of the world’s most prominent hedge fund managers suffered losses last month as the U.S. stock market’s rally stalled, but most are still boasting gains for the quarter. William Ackman’s $20 billion Pershing Square Capital Management, which […]