Monthly Archives: November 2006
US Hedge Fund to partner with Investcorp
HedgeCo.Net (New York) – Bahrain-based Investcorp has formed an alliance with US hedge fund manager Silverback Asset Management, a convertible arbitrage-focused hedge fund in Chapel Hill, N.C. The single manager hedge fund partnership will be run by Elliot Bossen, Silverback’s […]
Hathersage hires IT Head to boost infrastructure
HedgeCo.net — New York, NY – November 14, 2006 — Hathersage Capital Management today announced that it has hired Rob Schmidt as Director of Information Technology. Mr. Schmidt, 47, is responsible for the planning, design, implementation and utilization of the […]
Nabi, hedge fund call a truce
Sun-Sentinel.com – Nabi Biopharmaceuticals said Monday it has reached a settlement with New York hedge fund Third Point LLC, which wanted to oust five Nabi board members, including Chief ExecutiveThomas McLain. “A truce has been called, at least through the […]
Large hits at London’s hedge fund listing ban
Times Online – SIR ANDREW LARGE attacked London’s ban on listed hedge funds as “anachronistic†yesterday as he was named chairman of a record-breaking new €1 billion (£675 million) hedge fundfloating in Amsterdam. The former Bank of England Deputy Governor […]
Max Re slashes hedge fund allocation
MarketWatch – Max Re Capital slashed the amount of money it’s willing to invest in hedge funds after the Bermuda-based reinsurer’s alternative investment portfolio lost $31 million during the third quarter. Net income came in at $26.5 million, or 42 […]
Regulatory Scrutiny
The Securities and Exchange Commission expects to file more lawsuits aimed at hedge funds accused of illegal trading and violating their clients’ trust, the agency’s chief enforcer said on Monday. At the same time, a senior official at the New […]
Women in Hedge Funds
HedgeCo.Net (New York) – Pomegranate Capital, in a international study by CEO Susan Solovay, found that there are 250 female hedge fund managers worldwide, and wants to open the first fund to invest in hedge funds solely run by women. […]
Hedge Funds and Elections
HedgeCo.Net (New York) – Democrats have said they will differ from Republicans by being tougher watchdogs of corporate wrongdoing and government spending, recomending heightened scrutiny of sectors such as hedge funds, pharmaceuticals and defense spending. The Democrats will want to […]
Eddie Bauer accepts $286 mln private equity bid
CHICAGO (Reuters) – Eddie Bauer Holdings Inc. (Nasdaq:EBHI – news), a clothing and accessories retailer, said on Monday it had accepted a $286 million cash takeover bid from two private equity firms, becoming the latest in a long line of […]
Successful Inaugrual Edge Forum Boasts More Than 50 Attendees
NEW YORK, November 13, 2006 -The inaugural Edge Forum held on November6th in NYC and designed to bring together and educate foundation andendowment professionals, was hailed a success with more than 50 inattendance. “We are very pleased with the turnout,” […]
Marshall Wace Seeks EU1.5 Billion Hedge Fund IPO
Nov. 13 (Bloomberg) — Marshall Wace LLP plans to raise as much as 1.5 billion euros ($1.9 billion) in an initial public offering of a hedge fund, the largest such sale. The London-based hedge-fund manager will sell shares of MW […]
Coffee Milks Hedge Fund Probe
The Street.com — Securities law guru John Coffee is one of the more outspoken opponents of insider trading. But that hasn’t deterred him from helping hedge funds beat the rap on those charges. The oft-quoted Columbia University Law School professor […]