Monthly Archives: November 2013
SAC Capital: Hedge Fund Billionaire’s Baseball Dreams Fall Through
New York (HedgeCo.Net) – N.Y. District Judge Richard Sullivan has signed off on a $900 million judgment, part of the $1.2 billion settlement reached by the SEC and hedge fund billionaire Steven Cohen. The settlement is the largest insider trading penalty […]
Will Disney Beat Hedge Fund Analyst Expectations?
Seeking Alpha – When it comes to the quintessential family friendly summer vacation, the first thing that comes to mind is Disneyland. Therefore it’s no surprise that Disney had a stellar third quarter. Although, come the changing of the seasons also […]
Sony drags down Loeb’s October returns
New York Post – Hedgie Dan Loeb’s long winning streak continued in October — although a 20 percent drop in his high-profile activist target Sony nearly wiped out his overall gain. Loeb’s Third Point hedge fund ended the month with […]
Hedge fund Elliott builds up 12 pct stake in Celesio
Reuters – Hedge fund Elliott International has built up a stake of almost 12 percent in German drugs distributor Celesio, currently the subject of an $8.3 billion takeover bid by U.S. rival McKesson. Elliott owned 11.68 percent of the shares […]
ValueAct Hedge Fund’s Big Microsoft Bet Is Paying Off So Far
Forbes – When Jeffrey Ubben’s ValueAct Capital Management disclosed its $2 billion position in Microsoft MSFT +4.2% in April, it seemed like the activist hedge fund could be in over its head in trying to shake things up and bring […]
Will Twitter IPO pop? Hedge funds weigh in
CNBC – The financial community will be watching whether the so-called smart money invests in Twitter’s initial public offering. Anecdotal evidence suggests some larger hedge funds are at least showing interest. Representatives of Dan Loeb’s $14 billion Third Point and multi-billion-dollar family […]
Investcorp acquires real estate assets valued at $250 million
Investcorp, a leading provider and manager of alternative investment products, announced today that its US-based real estate arm has acquired a group of high quality office and retail assets in the greater Chicago, Los Angeles, Minneapolis and New York areas valued at $250 million. “This acquisition adheres […]
SEC Freezes US/New Zealand Ponzi Scheme’s Funds
New York (HedgeCo.Net) – The SEC taken action to freeze the assets of Ponzi scheme involving U.S. and New Zealand-based companies peddling sham investment opportunities ranging from a bank trading program to kidney dialysis clinics. Christopher A.T. Pedras, who has […]
Hedge Fund Service Provider Rankings 2013 Results
New York (HedgeCo.Net) – As new rules and regulations are being placed on the hedge fund industry, the role of service providers has become increasingly important, Risk.Net reports. Investors into hedge funds are also monitoring service providers as part of the […]
Providence to move $4.3 million in pension funds to hedge fund with lower fees, higher return
Providence Journal – The Providence Board of Investment Commissioners, which is chaired by Mayor Angel Taveras, voted Tuesday to relocate $4.3 million in pension investments from a hedge fund with high fees to another with significantly lower fees and a […]
RPT-Co-op hedge fund shareholder famous for Argentina battle
Reuters – U.S. hedge fund Aurelius Capital Management, which will take a stake in Co-op Bank under a rescue plan for the British mutual lender, is also protagonist in a lengthy and bitter court battle over Argentina’s debt default. The […]