Monthly Archives: May 2008
Activist Hedge Fund Braces For Rematch With Seligman
CNNMoney.com – J. & W. Seligman & Co. began courting possible suitors earlier this year, but any deals that emerge from the talks will face hurdles imposed by at least one activist hedge fund. The firm, which manages roughly $20 […]
Manna from hedge fund for Christian site
The Guardian – A new website run from Plano, Texas, has proved that the Old Testament promise of manna from Heaven has relevance in the digital age. GodTube, an evangelical twist on YouTube, its secular video-sharing equivalent, has generated so […]
Japan Gives TCI Final Order to Drop J-Power Bid
Bloomberg – Japan issued a final order to Children’s Investment Fund Management (UK) LLP to drop a bid to double its stake in J-Power, rejecting a last-ditch appeal from the U.K. hedge fund. Japan’s central bank today handed a letter […]
Former hedge fund manager settles with U.S. SEC
Reuters – A former hedge fund manager, who pleaded guilty to criminal insider trading charges stemming from Citizens Financial Group Inc’s $10.5 billion acquisition of Charter One Financial Inc has settled his civil case with the U.S. Securities and Exchange […]
Is Harvard Just a Tax-Free Hedge Fund?
National Review Online – According to the Wall Street Journal, Massachusetts legislators are studying a plan to levy a 2.5-percent annual tax on the portion of college endowments that exceed $1 billion. The high-wage union workforce with lifetime employment contracts […]
Mirabaud forecasts increased foreign investment in gulf hedge funds
Albawaba.com – Gilles Rollet, Chief Executive Officer of Mirabaud (Middle East) Limited, forecasted increased foreign investment being made in regionally based structured products and funds in the near future. The outlook came as part of a speech made at this […]
The Bank of New York Mellon Acquires LAMP Technologies LLC, a Fund of Hedge Funds Administrator
PRNewswire – The Bank of New York Mellon, a global leader in asset management and securities servicing, announced today that it has acquired the fund of hedge funds administrative services business of LAMP Technologies LLC, a Dallas-based alternative investment administrator. […]
Rebounds by Hedge-Fund Stars Prove ‘It’s a Mulligan Industry’
Jeffrey Larson lost $1.5 billion for his hedge-fund investors in a few painful weeks last summer. He shuttered Sowood Capital Management LP in July, one of the more embarrassing meltdowns in recent memory. So what are the 50-year-old Mr. Larson’s […]
Hedge fund GLG hits investors with exit fee
GLG Partners, the London hedge fund, has imposed a set of exit charges of as much as 5 per cent on any investor who wants to pull their assets out of Greg Coffey’s benchmark $4.5 billion emerging markets fund before […]
Multi-manager Focus Capital launches emerging markets hedge fund
Thomson Investment News – Focus Capital, the emerging markets multi-manager, on Monday opened investment to a hedge fund that invests in multiple emerging market asset classes. The Focus Capital Emerging World Fund seeks absolute returns from emerging markets irrespective of […]
Fidelity funds accumulate 5.2 pct of Israel Chem
Reuters – U.S. fund manager Fidelity has accumulated a 5.2 percent stake in Israel Chemicals, the maker of fertilisers and specialty chemicals said on Monday. ICL issued to the Tel Aviv Stock Exchange a copy of a letter it received […]
Regulation costs ‘to double by 2010’
The Telegraph – The cost of regulation affecting the world’s biggest financial firms is likely to almost double by 2010 and was soaring even before the credit crisis, new research indicates. Regulation and compliance expenditure by the world’s leading 100 […]