Monthly Archives: August 2006
Hedge fund Boussard & Gavaudan plans Amsterdam IPO
Reuters – Asset management firm Boussard & Gavaudan plans to list shares of a hedge fund on Euronext Amsterdam to raise cash for equity investments, the Wall Street Journal reported on Tuesday. The fund, Sark Holding Ltd, will go public […]
Late Filers Facing Wrath of Hedge Funds
BankNet 360 – Hedge funds are flexing their financial muscles, demanding companies that do not file quarterly reports on time to immediately repay all their debts. Technically, companies do default on their outstanding bonds when they fail to punctually file […]
Deceptive trading costs brokerage $600 million
Akron Beacon Journal – Prudential’s brokerage subsidiary agreed Monday to pay $600 million in fines and restitution for deceptive market timing in trading mutual fund shares for wealthy clients. The settlement with the Justice Department is one of the largest […]
Hedge funds play hardball with late filing firms
Pittsburgh Post-Gazette – Hedge funds looking to extract bigger returns from the companies they invest in have come up with a new game of hardball: Fail to file a quarterly report on time, andthey’ll try to make you pay off […]
Hedge Fund Founder Sued for Fraud
HedgeCo.Net (New York) – Peter A. Thiel and his hedge fund management company, Clarium Capital Management, were accused of fraud on monday, according papers filed in the U.S. Court for the Northern District of California. Amisil Holdings Ltd., a risk […]
Hedge Funds bet on Government Debt
HedgeCo.Net (New York) – Hedge fund speculators at the Chicago Board of Trade bet a record $35 billion that the prices of government debt will continue to rise, according to research by CBOT. CBOT Holdings, Inc. operates a marketplace for […]
F&C: Hedge funds have right to criticise bad management
London Stock Exchange – Hedge funds have every right to criticise bad management in companies they invest in, according to an expert from F&C Partners. The comments come in response to an “outburst” from Joop Wijn, the Dutch minister for […]
Hedge fund, OSI part ways
St. Petersburg Times – Pirate Capital LLC has stopped rattling the sabers at OSI Restaurant Partners Inc. by quietly dumping its 5.3 percent stake in the struggling Tampa chain. Thus ends the Norwalk, Conn., hedge fund’s short but stormy feud […]
Hedge funds in no hurry to pull SEC registrations
Reuters – Hedge funds are now beyond the reach of U.S. financial regulators, but they are in no hurry to terminate their registrations because it might worry clients and too many uncertaintiesremain, according to industry experts. In June a federal […]
Hedge fund Boussard & Gavaudan plans Amsterdam IPO
Reuters – Asset management firm Boussard & Gavaudan plans to list shares of a hedge fund on Euronext Amsterdam to raise cash for equity investments, the Wall Street Journal reported on Tuesday. The fund, Sark Holding Ltd, will go public […]
How US public funds fuel private equity
MSN MoneyCentral – Alan Van Noord, a Pennsylvania civil servant with a laid-back demeanour, makes an unlikely business partner for some of the world’s most powerful financiers. Yet, sitting in thespartan state offices, he remembers the day he was too […]
Energy & Environment Capital Management Launch Offshore Fund of Funds
HedgeCo.Net (New York) – Energy & Environment Capital Management LLC (EECM) and Coastal Partners, Ltd. have joined forces to launch an offshore version of the Energy & Environment Fund, afund of hedge funds that seeks to provide superior returns with […]