Monthly Archives: September 2007
Tech Stocks: A Summer of Love
Business Week- Technology stocks are enjoying an uncommon summer of love, as investors have been shifting money away from financial companies in light of the subprime and credit market troubles. “This year, tech stocks are outperforming pretty notably,” says Scott […]
Offshore funds may lose protection from US litigation
Caymen Net News- Offshore status may not protect Cayman Islands-registered companies from litigation in the USA. The recent collapse of three Cayman-based hedge funds had fuelled fears that a 2005 amendment to the US Bankruptcy Regulations would prevent creditors of […]
China Inc’s profit growth forecast doubles
SHANGHAI (Reuters)- Fund managers and securities analysts have doubled their forecasts for Chinese firms’ profit growth in the second half of 2007 to 50 or 60 percent after China Inc posted spectacular earnings for the first half. The forecasts, based […]
Key Recovery Fund wins award
HedgeCo.net ( New York ) – – Key Asset Management is delighted to announce that Key Recovery Fund has won ‘best performing single strategy specialist fund of funds under €200m’ in the MARHedge Annual European Performance Awards 2006. The fund […]
Hedge fund study bill clears first hurdle
Financial News Online US – The US House of Representatives has approved a bill to commission a study on hedge funds that could result in greater disclosure for theindustry. The move follows calls from regulators to increase scrutiny in the […]
Pirate Capital loses staff after returns slip
MarketWatch – Pirate Capital LLC has lost several analysts and one portfolio manager this week after returns at the $1.7 billion activist hedge fund slipped this year. Two analysts, Zachary George and David Lorber, resigned on Tuesday and fixed-income portfolio […]
Buffett Says Hedge Funds Are Older Than You Think
Bloomberg – Wherever you travel on the information highway, look out for factoids. These tricky little creatures are bits of supposed knowledge that nobody has bothered to verify. They take on the aura of truth as they are repeated by […]
Sears and Controversial Hedge Fund Managers
HedgeCo.Net (New York) – Sears Holdings Corp, headed by hedge fund billionaire Edward Lampert, is trying to offer a controversial $908-million privatization bid for its subsidiary Sears Canada Inc. Sears is planning “seek leave to appeal†the Ontario court decision […]
China’s Banking Chairman warns of Hedge Fund risks.
HedgeCo.Net (New York) – At the end of April 2006, there were altogether over 28,000 banking institutions in Mainland China. The total assets of the banking industry registered nearly RMB40 trillion, accounting for more than 90 per cent of the […]
Hedge fund wants Nabi CEO off board –
A hedge fund manager has escalated his blitz on Nabi Biopharmaceuticals with a motion to remove the company’s president and chief executive officer from his position as chairman. Meanwhile, the company announced it has engaged a securities firm to explore […]
5th Annual Hedge Fund Rocks & Industry Awards
Celebrating five years and over $1 million of raised funds for Australian families afflicted with cancer, last night’s annual Hedge Funds Rock event really was something to rock on about. Over 550 guests embarked on HOME nightclub to formally recognise […]
Goldstein is a one-man jihad for hedge funds
Marketwatch – Phillip Goldstein warned the other day that the speech he was about to give to a bunch of hedge fund industry lawyers might be offensive. It was, and he made no apologies. All of the attention Goldstein […]