Monthly Archives: September 2012
Lawsuit could cost GM $918 million
Detroit Free Press – A deal that helped General Motors settle financial claims from a group of hedge funds around the time of its historic 2009 bankruptcy could cost the company more than $900 million if a lawsuit in progress […]
Thin hedge-fund bonuses expected in wake of weak returns
NY Post – Warning to all Mercedes dealers: hedge fund bonuses could be tight this year. Many money managers are looking at lower pay — in the form of performance fees — as tepid returns for 2012 fail to make up […]
Focus on industry M&A: fund of hedge funds under pressure to merge
Investment Europe – Pressure for consolidation in the $600bn fund of hedge funds industry is mounting, leaving managers who run less than about $3bn to face a struggle for survival amid shrinking assets and rising costs. At a time when […]
Hedge Fund Pivot Joins BTG to Defy Bacon’s Investment Desert
Bloomberg – Carl George’s $1.7 billion hedge fund at Pivot Capital Management Ltd. rose 17 percent in 2011 after he predicted a surprise interest rate cut in Brazil. He gained another 6 percent in the first eight months of this year […]
Hedge fund Mason Capital says Telus voting shareholders need compensation
Canadian Business – A U.S. hedge fund called Telus’s plan for a single class of common shares one of Canada’s “worst” share collapse deals in years, saying there must be compensation for voting shareholders. Mason Capital Management and Telus are […]
Hedge Funds Bullish on Silver as Hoard Nears Record
BusinessWeek – Hedge funds are the most bullish on silver in seven months and investors’ holdings are expanding toward a record on speculation the metal will outperform gold as central banks seek to boost growth. Wagers on rising prices jumped […]
NJ Hedge Fund Manager Pleads Guilty, Faces 20 Years
New York (HedgeCo.Net) – New Jersey “moms and pops” hedge fund manager Michael Spak waived prosecution and admitted to one count of wire fraud in Camden, N.J., court. Spack pleaded guilty to a charge that he conspired to defraud investors of more than $4 million. […]
“Hedge Fund Madam” Pleads Guilty To Pimping
New York (HedgeCo.Net) – The woman who claimed to have a long list of hedge fund clients and connections in high places has pleaded guilty to a single count of promoting prostitution. Anna Gristina has accepted a plea deal including probation which […]
Deutsche Bank’s Lehr Quits for Hedge Fund With Associates
Bloomberg – Hal Lehr, a managing director and global head for cross-commodity trading at Deutsche Bank (DBK) AG, resigned to form a hedge fund in New York with three of his former associates. Lehr, who previously worked at Soros Fund […]
A Hedge Fund Manager Is Building An Ultra-Lavish Mansion For His Chickens
Business Insider – London-based hedge fund manger Crispin Odey, the founder of Odey Asset Management, is planning to build a 775 square-foot Palladian-style chicken coop, the Telegraph’s Harriet Dennys reports. Here’s how the Telegraph describes it… The temple’s roof – adorned with an Anthemia statuette […]
Hedge Funds Bullish on Silver as Hoard Nears Record: Commodities
Bloomberg – Hedge funds are the most bullish on silver in seven months and investors’ holdings are expanding toward a record on speculation the metal will outperform gold as central banks seek to boost growth. Wagers on rising prices jumped […]
Hedge Fund Pivot Joins BTG to Defy Bacon’s Investment Desert
Bloomberg – Carl George’s $1.7 billion hedge fund at Pivot Capital Management Ltd. rose 17 percent in 2011 after he predicted a surprise interest rate cut in Brazil. He gained another 6 percent in the first eight months of this […]