Yearly Archives: 2007
Hedge funds to sue arcelormittal for $400m
Times Online- Three hedge funds are set to sue ArcelorMittal, the largest European steelmaker, its directors, headed by Lakshmi Mittal, and its investment banks, Morgan Stanley and Goldman Sachs, for $400 million (£192 millon). The funds claim that they have […]
Managed Funds Association Leaders Call For improved Sound Practices
WASHINGTON, D.C., November 5, 2007 — Managed Funds Association (MFA) today recommended the hedge fund industry adopt significantly heightened standards of excellence by adhering to its latest version of Sound Practices for Hedge Fund Managers. The call came as MFA […]
Islamic finance is seeing spectacular growth
International Herald Tribune- Even as banking segments like securitizing subprime mortgages and financing leveraged buyouts suffer from the current crisis, Islamic finance is seeing spectaculargrowth. Islamic law, or Shariah, prohibits the payment and receipt of interest, stressing profit sharing instead. […]
Hedge fund careers explode
The Ticker- Baruch students clamored into a packed classroom for the chance to heed the advice of two hedge fund veterans on Tuesday, Oct. 23. The Job$mart Career Hour featured Baruch alumnusLawrence Simon, a co-founder and the president of Ivy […]
The Hogarth of hedge funds offers a glimpse into a hidden world
Guardian Unlimited- The men and women (or, let’s face it, largely men) who are making fantastic fortunes working in hedge funds are often credited with tickling the art market up to its current giddy heights. So there’s a pleasing neatness […]
Supermodel Bundchen Joins Hedge Funds Dumping Dollars
Bloomberg- Gisele Bundchen wants to remain the world’s richest model and is insisting that she be paid in almost any currency but the U.S. dollar. Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who Forbes magazine says […]
Hedge funds home in on UK targets
Financial Times- UK companies are the most likely target for hedge fund activism in Europe, according to research published this week. The finding, based on a survey by Thomson Financial of 30 activist situations that have entered the public domain […]
Bad News on Proposed Tax Legislation for Fund Managers
November 2nd, 2007 – The House Ways & Means Committee yesterday passed on a strictly partisan basis, the “Temporary Tax Relief Act of 2007,” which proposes two major tax hikes on fund managers. While there is a long way to […]
Deals With Hedge Funds May Be Helping Merrill Lynch
Wall Street Journal- Merrill Lynch & Co., in a bid to slash its exposure to risky mortgage-backed securities, has engaged in deals with hedge funds that may have been designed to delay the day of reckoning on losses, people close […]
Sidley Austin Named Top Hedge Fund Firm
West Palm Beach (HedgeCo.Net)- Institutional Investor’s Alpha Magazine has ranked Sidley Austin LLP the number one legal adviser to the hedge fund industry among onshore law firms for the second consecutive year. Thomas A. Cole, chair of the firm’s Executive […]
Rock racks up debts of £23bn to the Bank
Daily Telegraph- Hedge funds are finding it impossible to take out new short positions in Northern Rock’s shares. One analyst said this was because some Northern Rock stock is owned by individuals, who have held it since it demutualised and […]
BNP Paribas’ FFTW sees $1 bln for new Hedge Funds
Reuters- Malbec Partners Inc, a new hedge fund group founded by bond manager Fischer Francis Trees & Watts (FFTW), on Thursday said it expects to raise $1 billion for two new hedge funds,evidence that investor appetite for the $1.9 trillion […]