Monthly Archives: April 2012
Donors split with Mitt Romney on gay marriage
Politico – Mitt Romney’s opposition to gay marriage, which helped endear him to conservative activists during the dog days of the presidential primary, puts him at odds with three of his most prominent donors, all of whom helped fund a […]
Telecom Hedge Fund Launch: Espial Capital Management
New York (HedgeCo.Net) Adam Gold, a former portfolio manager at Gilder Gagnon Howe & Co (GGHC), has launched Espial Capital Management, a Long/Shorty Equity Hedge Fund focused on identifying innovation and disruption in the global technology, media and telecommunication universe. […]
Over 1,000 Hedge Funds Launched In 2011
Seeking Alpha – There were 1,113 hedge fund launches in 2011, including 270 in Q4 – the highest annual total since 2007, according to Hedge Fund Research. A total of 775 funds liquidated in 2011, including 190 in the fourth quarter. […]
Ruling Moves Tribune Closer to Bankruptcy Exit
Reuters – Tribune Co., the bankrupt publisher of the Chicago Tribune and Los Angeles Times, moved closer to ending its three-year bankruptcy after a judge resolved lingering disputes about the order in which noteholders should be repaid. Monday’s [April 9] ruling by Delaware […]
New York-based hedge fund to vote against Telus share combination
Canadian Press – Telus Corp. is facing a challenge from a New York-based hedge fund that wants to stop the telecommunication company’s plan to create a single class of common shares. Mason Capital said Tuesday in documents filed with regulators that […]
Odey Still Backing BSkyB after Murdoch Resignation
Reuters – Pay TV group BSkyB has received the backing of Crispin Odey, one of its top shareholders and one of Europe’s most influential hedge fund managers, in the wake of last week’s high-profile resignation of James Murdoch as chairman. Mr. […]
European stock markets rocked by panic selling as debt crisis reignites
Guardian – Europe’s sovereign debt crisis exploded back into life on Tuesday, with markets across the continent rocked by a wave of panic selling amid renewed fears about the impact of savage austerity measures in Spain and Italy. The mood of uneasy calm […]
Hedge Fund Association backs JOBS Act
HFM week – The Hedge Fund Association (HFA), an international organisation that represents hedge funds, service providers and investors, has endorsed US President Barack Obama’s signing of the Jumpstart Our Business Startups (JOBS) Act last week, saying that emerging managers […]
Hedge Funds Cut Wagers as Fed Signals Less Stimulus: Commodities
Bloomberg – Hedge funds reduced bullish bets on commodities for a second consecutive week as the Federal Reserve signaled it may refrain from more monetary stimulus, increasing concern that growth will slow and curb demand for raw materials. Money managers […]
Hedge funds lag the market, again
CNN – So far in 2012 investors would have done better putting their money in a low-cost stock index fund than the average hedge fund. In the first three months of year, the average hedge fund returned 4.6%, after fees, […]
Wilmington Trust Launches Multi-Strategy Hedge Mutual Fund
New York (HedgeCo.net) – Wilmington Trust has launched a new mutual fund, Wilmington Rock Maple Alternatives Fund, which provides exposure to a diverse set of alternative strategies. The new fund is managed by Wilmington Funds Management Corporation (WFMC), a Wilmington Trust company, […]
New IFSB Guidelines Focus on Islamic Bank Risk
Reuters – The Islamic Financial Services Board has published new guidelines on liquidity and stress-testing, seeking to reduce the balance sheet risk of Islamic financial institutions in line with a tightening of standards in conventional banking. The guidelines are the […]