Monthly Archives: August 2006
Hedge Fund takes Steel Company Public
HedgeCo.Net (New York) – Claymont Steel Holdings Inc. has filed a request with the S.E.C. to take the plant public. Claymont Steel was incorporated in May 2005 as H.I.G. SteelCo Holdings, Inc. and in June 2006 the company was renamed […]
Hedge fund Manager Challenges Volvo
HedgeCo.Net (New York) – Swedish activist hedge fund, Castlerigg, has been causing a stir while trying to drum up interest among Swedish investors for a bid for truck maker Volvo. Thomas Sandell, US based Swedish financier and founder of Sandell […]
Pirate Capital to Soft-Close at $2 BN
HedgeCo.Net (New York) – Pirate Capital LLC, the activist hedge fund manager, is planning to soft-close its funds once the firm’s assets under management reach $2bn, thefirm had an AUM of $1.7bn, as of July 31, 2006, and it is […]
Hedge funds are caught out by equity markets
The Sunday Times – HEDGE fund managers who fail to hedge were blamed yesterday for a prolonged bad patch for the industry that has now stretched into its fifth month. Hedge funds have increasingly been placing directional bets on rising […]
Hedge funds have a role in protecting savings
Business Day – RETIREMENT funds should include hedge funds in their investment plans to ensure they construct optimal portfolios to protect SA’s limited savings. Warren Brown, Head of Fixed Interest and Financial Modelling at Old Mutual’s SYmmETYRY Multi- manager said: […]
Warnaco should consider sale, hedge fund says
MarketWatch – The Warnaco Group should consider selling itself as a way to deliver value to shareholders after a slump in the sportswear company’s stock this year, activist hedge fund firm Barington Group said on Monday. Barington reported a 5.6% […]
NFL Seeks Dismissal of Hedge Fund Suit
Forbes – The NFL and its union say a lawsuit filed by six current and former players seeking to recoup $20 million they lost in an alleged fraud scheme should be dismissed, arguing in part that league players are solely […]
Henderson to launch fund of internal hedge funds
Reuters – Fund firm Henderson will launch a fund that will invest in a range of its own hedge funds. The Henderson Total Return fund will launch on September 1 and be managed by Bill McQuaker, Director of Multi-Manager Funds. […]
The best retirement plan is simple
CNN Money – With the market struggling to eke out even meager gains this year, you may be tempted to look beyond traditional investments for something, anything, to fatten up your retirement account. Financial services firms, of course, are only […]
Hedge funds have not done what it says on the tin
Financial Times – Hedge funds are frequently promoted as offering positive returns regardless of conditions in the markets. But the recent performance of funds of hedge funds, which offer the additional security of investing across a range of underlying funds, […]
SEC has authority now to investigate hedge funds –
Providence Journal – A decade ago, derivatives trading was the hot new thing, and people began to worry about the harm it might cause to investors and the health of the financial system. It wasn’tlong before someone proposed regulating the […]
Man goes after retail with new hedge fund-like fund
FinanceAsia – Man Investments introduces a futures and options fund containing a guarantee feature, aiming at Hong Kong’s retail base. The name Man AHL Guaranteed Futures will shortly be appearing in Hong Kong bank branches in an alternative products launch. […]