Monthly Archives: September 2006
Leveraged Loans seek out Hedge funds
HedgeCo.Net (New York) – Close Brothers, the independant European corporate financial adviser, reported that up to half of the leveraged loans syndicated in Europe have hedge funds as their main investors. The banks that would usually finance these deals, are […]
Institutional players ensure hedge funds are here to stay
Business Online – DESPITE so-so performance in the second quarter, hedge funds in the United States pulled in a lot of money from investors, highlighting two trends. One is that the floodgate of institutional money, which appeared to slow last […]
New Jersey Directs Another $3.8 Billion to Hedge Funds
Black Enterprise – New Jersey’s state pension funds will allocate an additional $3.8 billion toward hedge funds from now until June 30, 2007, as part of a new investment plan adopted in July by theNew Jersey Division of Investment. While […]
Maintaining the funds lead
Cayman Net News – At a high-powered legal forum held in Cayman recently, attorneys and professionals in the financial field, from the Caribbean and other jurisdictions, heard about Cayman’s lead in the area of hedge funds and also, how imminent […]
Dissident McDonald’s shareholder may return
Monterey County Herald – The activist hedge fund manager who tried to get McDonald’s Corp. to spin off company-owned restaurants last year is eyeing the fast-food company again. The news sentMcDonald’s shares to a new six-year high. McDonald’s said in […]
Hedge funds to disrupt GUS demerger in quest for better bond terms
Forbes – Hedge funds and other investors in GUS PLC this week will try to derail its planned demerger of catalogue retailer Argos from credit checking group Experian, according to a report. Holders of the company’s bonds plan to ignore […]
SEC Drops Fraud Charges
HedgeCo.Net (New York) – Paul Flynn, the former Canadian Imperial Bank of Commerce official who was arrested two years ago and charged with five felonies, is free of the legal entanglement which developed at his former job as a managing […]
Hedge Funds Show Cruise the Money
HedgeCo.Net (New York) – Less than a week after Paramount Pictures cut its ties with Tom Cruise ended their 14-year relationship, his company announced a deal with First and Goal L.L.C., an investorgroup headed by Daniel M. Snyder, owner of […]
SEC agrees to share hedge-fund probe info with Senate
MarketWatch – The Securities and Exchange Commission has agreed to share some internal memos and make available staff for interviews with Senate investigators probing whether a hedge-fund investigation was derailed because of political interference, according to a Senate spokeswoman. The […]
UPDATE 1-Hedge funds threaten NPSI with proxy fight
Reuters – A group of activist hedge funds on Thursday threatened North Pittsburgh Systems Inc. with a proxy contest if certain measures to boost the value of shares in the telecommunications companyare not taken. Bulldog Investors, Santa Monica Partners and […]
Unusual bond trading shows difficulty of policing swaps
Pittsburgh Post-Gazette – Unusual trading in a relatively new corner of the bond market illustrates how the rise of increasingly sophisticated financial instruments is potentially outpacing theability of regulators to police them. In recent months, there have been spikes in […]
Hedge Funds turn to Technology to cope with pain points and strain of lower margins
Insurance News Net – Traditionally IT vendors have had limited scope to service the lucrative world of the hedge funds, but increasing exposure and regulation are forcing this industry’s participants globally to look to technology to ease some of their […]