Monthly Archives: May 2008
Hedge funds gain seats on board of Charming Shoppes Inc.
HedgeCo.Net (West Palm Beach) – The battle between Charming Shoppes Inc. and the two hedge funds who wished to gain control the company has finally come to an end. A settlement was reached at the Annual Meeting of Shareholders yesterday, […]
Sprott Hedge Fund May Rise After Raising C$200 Million in IPO
Bloomberg – Sprott Inc. may rise after the mining and energy hedge fund run by investor Eric Sprott raised C$200 million ($197 million) in the biggest Canadian initial public offering in five months. The 20 million shares were sold at […]
Lampert, Wood Reveal Failings of `Concentrated’ Hedge-Fund Bets
Bloomberg – When Jon Wood opened his Monaco-based hedge fund, the former UBS AG trader told investors he’d beat the market by buying stakes in no more than 40 companies — the same way he made $2.4 billion in six […]
Hedge fund SRM leads legal fight over Rock deal
The Independent – SRM, the hedge fund that was Northern Rock’s biggest shareholder, has joined forces with 150,000 small investors to mount a legal action against the Government over the nationalisation of the stricken bank. The Monaco-based fund and the […]
Bear Stearns says new suit seeks to block merger
Reuters – Bear Stearns Cos Inc disclosed on Thursday that some shareholders want a federal judge to block the troubled investment bank’s impending takeover by JPMorgan Chase & Co. According to a filing with the Securities and Exchange Commission, Cohen […]
KMUK launches its first Multi Strategy Equity fund
Kotak Mahindra (UK) Limited (KMUK), a 100 % subsidiary of India’s Kotak Mahindra Bank Limited announced the launch of the Kotak India Dynamic Fund whose objective is to generate an absolute return of 20% per annum irrespective of market direction […]
Investors stand by 130/30 funds
Financial News – The credit crisis has taken its toll on the performance of 130/30 funds—which have 130% exposure to long positions and 30% to shorts—but so far investors appear to be giving them the benefit of the doubt. Most […]
Bear Stearns sale to JPMorgan Chase set for vote May 29
Forbes.com – Bear Stearns Cos. shareholders are scheduled to vote on the proposed acquisition of the investment bank by JPMorgan Chase & Co. on May 29, according to a regulatory filing. If the vote on the sale fails, Bear Stearns […]
Cantor expands in Singapore, targets hedge funds
Reuters – U.S. broker Cantor Fitzgerald & Co is expanding its Asian equities and derivatives business to Singapore, targeting sales to institutional clients such as hedge funds, an executive said on Thursday. "We chose Singapore due to the fact that […]
GLG hedge fund braced for $5bn exodus
Times Online – GLG Partners, the London-based hedge fund reeling from the departure of Greg Coffey, is bracing itself for a mass exodus of as much as $5 billion in investment assets as disillusioned investors follow their star Australian fund […]
Merrill’s Ehsani to Leave as Thain Cancels Hedge Fund
Bloomberg – Boris Ehsani, head of one of Merrill Lynch & Co.’s most profitable trading groups, is leaving the U.S. securities firm after it canceled a plan to spin off his unit as an independent hedge fund, people familiar with […]
Oxford Capital launches fifth venture capital fund
AltAssets – Oxford-based venture capital firm Oxford Capital has launched its fifth Oxford Gateway Enterprise Investment Scheme Fund. The firm expects that it will be open to new investors for about a year. It aims to raise between £15m and […]