Monthly Archives: August 2012
Hedge fund wants Spokane’s Clearwater Paper sold in parts
Seattle Times – Hedge fund titan Steven A. Cohen wants the board of Clearwater Paper to separate the Spokane-based company’s consumer products from its pulp and paper operations so either or both can be sold off, according to a regulatory […]
Hedge funds expand presence in fixed-income market
Reuters – U.S. hedge funds accounted for nearly a quarter of bond trading in the U.S. between April 2011 and April 2012, the most in five years and highlighting the greater presence of hedge funds in the U.S. bond industry, […]
Hedge Fund People: KPMG Expands with Five New Additions to Team
New York (HedgeCo.Net) – Hedge fund audit, tax and advisory firm, KPMG, announced today that it is continuing its investment in its Alternative Investment Funds practice by bringing on board several new partners and managing directors to bolster the firm’s initiative […]
SEC Further Delays Repeal of Hedge Fund Advertising Restrictions
New York (HedgeCo.Net) – The SEC was expected today to repeal the ban on advertising, Title II of the JOBS Act, that was signed in to law by Obama on April 5th 2012. However the SEC has rescheduled it for a week […]
Citadel to U.S. SEC: Approve Nasdaq’s Facebook Compensation Plan
Reuter – Citadel LLC urged regulators to approve Nasdaq OMX Group’s $62 million compensation plan for firms harmed by Facebook’s May 18 glitch-ridden initial public offering. Citadel’s market making unit bought and sold over $3.8 billion worth of Facebook stock during […]
Hedge Funds, Grimacing, Open the Kimono
BusinessWeek – It’s late August. And they’re groaning about a stack of homework that is causing an early, cruel end to beach season. High schoolers? Nope—the managers of America’s largest private investment funds, who on Aug. 29 must file a […]
Cautious investors may tame hedge funds, at a cost
Reuters – An academics’ pension fund, the Church of Sweden and a biomedical charity are among conservative investors breaking with tradition and piling into hedge funds who are willing to curb their highest-risk bets to attract their cash. Five years […]
Hedge funds are a ‘limited’ risk, says FSA
Telegraph – Hedge funds pose little risk to the banking and wider financial system, according to an industry survey by the Financial Services Authority. The results of the FSA’s April survey of funds controlling assets worth about $380bn (£242bn) found […]
Hedge funds nibble at Greek bonds on hopes of deal
Economic Times – A handful of plucky hedge funds are nibbling again at cut-price Greek government bonds, increasingly optimistic that progress in talks between Athens and international lenders will deliver a better principle payout for bondholders. Such funds think the […]
Hedge Funds Reach Record High Of $1.2 Trillion
New York (HedgeCo.Net) – Hedge funds in North America are at an all-time peak and assets under management are at the historically high level of $1.2 trillion, according to the August edition of The Eurekahedge Report. Asia-based North America investing managers posted […]
Scranton to court hedge funds
The Times Tribune – Shunned by conventional banks and the municipal bond market, Scranton City Council is looking toward lenders of last resort – hedge funds – for $18.5 million needed to close a budget gap. With a loan default, […]
George Soros buys shares in Manchester United
Guardian – George Soros took a nearly 2% stake in Manchester United plc in the club’s controversial initial public offering earlier this month. The billionaire was one of the first of the football club’s new investors to be revealed. His […]