Monthly Archives: September 2014
U.S. judge holds off on Citi subpoena in Argentine bond case
Reuters – A U.S. judge said on Wednesday [Sept. 10] he would wait for a decision on a pending appeal before ordering Citigroup Inc. to comply with a subpoena seeking details of any threats from Argentina to process payments the […]
Aegon’s Pelargos Seeks to Triple Japan Alpha Hedge Fund’s Assets
Bloomberg – Pelargos Capital BV, a Dutch hedge-fund manager spunoff from insurer Aegon NV, is seeking to more than triple over the next three to five years the assets of its Japan Alpha Fund that has outperformed peers. Pelargos is […]
Washington Trading Probe Broadens to Hedge Funds
WSJ – Federal investigators have uncovered a flurry of communications between a Washington research firm and several hedge funds, opening a new front in an insider-trading probe focused on the firm’s 2013 investor alert about a change in government health-care […]
Hedge Funds Reap Gains on FHA Loans Sidelining Nonprofits
Bloomberg – The U.S. Federal Housing Administration started selling distressed loans in 2012 to help communities hit hard by foreclosures while also reducing losses to its taxpayer-backed insurance fund. Two years later, the first reports on the loan sales show […]
Hedge Fund, Brokers Lose Claims Against Lehman: Bankruptcy
Bloomberg – Co-underwriters with Lehman Brothers Inc. don’t have so-called contribution claims against the liquidated investment bank related to offerings in which it was the lead underwriter in the sale of its own securities. Also as the result of a […]
CFTC Updates Exemption for Hedge Funds To Match The JOBs Act
New York (HedgeCo.Net) – The CFTC has issued a letter providing exemptive relief (for some hedge funds) from the general solicitation restrictions in order to harmonize the CFTC rules with the SEC rules changes arising from the Jumpstart Our Business […]
Hedge fund boss gives 5 million to build new museum maths gallery
Evening Standard – A hedge fund manager who built his business on mathematical reasoning has given the Science Museum an unprecedented 5 million pounds towards building a new maths gallery. It is the largest individual donation the South Kensington institution […]
Alleged Hedge Fund Tipster Faces Full Wrath Of Preet Bharara
DealBreaker – Preet Bharara is a big-picture kind of guy. He’s won more than 80 insider-trading convictions. Sure, there’s the one that got away, mostly because the judge presiding was, in Preet’s considered opinion, a fucking idiot. And, sure, it […]
Activist hedge fund writes Walgreens a prescription
Futures – Walgreen Co. will be pressured to boost a $3 billion share buyback that disappointed investors last month after activist hedge fund Jana Partners LLC struck a deal yesterday on three board seats at the U.S. drugstore chain, said […]
Battle lines drawn as hedge funds eye bank businesses
Risk.Net – Hedge funds first rode into town as the rebellious upstarts of the financial markets. They wore leather jackets, rode big motorcycles and caused all sorts of trouble with their antics. But things changed once institutional investors got hold […]
Jana Partners wins Walgreen board seats
Reuters – U.S. drugstore chain operator Walgreen Co. said it had appointed Barry Rosenstein of hedge fund Jana Partners to its board as the company moves to complete its takeover of drugstore chain Alliance Boots. Rosenstein, Jana’s founder and managing […]
Hedge Funds Rebound In August Gaining 1.36%
New York (HedgeCo.Net) – The Eurekahedge September Index Flash reports that hedge funds were up 1.36% in August, with preliminary figures showing that managers posted performance-based gains of US$5.5 billion during the month. Highlights include: Emerging markets and North America […]