Yearly Archives: 2007
Bear Stearns Likely To Face Hedge Fund Lawsuits
Reuters- Investors in two struggling Bear Stearns Cos. hedge funds that made bad bets on risky mortgages will almost surely file lawsuits in hopes of recouping losses, but legal experts say theycould have a tough time proving their case. Already, […]
Arab Chamber of Commerce Hires Hedge Fund Guru As Vice President
West Palm Beach (HedgeCo.Net)- In order to increase the economic cooperation between Arab Nations and Greater China, the Arab Chamber of Commerce & Industry (ARABCHAM) has appointed hedge fund Guru Dr A S Johan as its Vice President. Dr. A […]
Bear Stearns Funds Under Probe by SEC
Washington Post- The Securities and Exchange Commission is examining thenear-collapse of two Bear Stearns hedge funds that made bad bets on the mortgage market. The SEC inquiry is informal and has not resulted in any subpoenas or formal document requests, […]
New York Hedge Fund Sued
MSN MoneyCentral- The US Securities and Exchange Commission sued New York hedge fund Simpson Capital Management, its owner and its head trader on Wednesday, seeking $57m (£29m) in what regulators sayare ill-gotten gains from improper after-hours trading in mutual funds. […]
Cash in Hand, Hedge Funds Bail on Big Lots
New York Times- Big Lots, the nation’s largest seller of overstocked and discontinued items and whose fare includes organic plant food made from chicken droppings, is losing its novelty for its hedge fund investors, Bloomberg News reported. New management and […]
Yorkville Advisors Opens Israel Office
HedgeCo.net – June 27, 2007 – Yorkville Advisors LLC, the investment manager to Cornell Capital Partners — a private investment firm that specializes in structured finance and direct investments –today announced the launch of an Israeli operation as part of […]
Hedge Fund Combines With Freedom In $3.4 Billion Dollar Deal
West Palm Beach (HedgeCo.Net)- Hedge fund manager GLG Partners announced that it plans to access the public markets through a reverse acquisition transaction with Freedom Acquisition Holdings, Inc. This transaction values GLG at approximately $3.4 billion, in order to finance […]
Hedge Funds Cashing Out of Big Lots Shares After Price Doubles
Bloomberg- Big Lots Inc., the largest U.S. seller of overstocked and discontinued items, has an online Wild and Wacky Find museum where customers can submit items they stumble upon while shopping at the company’s stores. There’s Chick A Poo Organic […]
Hedge funds tap public markets at what may be peak
Reuters- Investors chasing a wave of hedge fund listings hitting global stock markets may be getting in too late. GLG Partners, one of Europe’s largest, became the latest to cash in on heightened hedge fund interest on Monday, setting the […]
SEC’s Cox: ‘Little Systemic Risk’ From Bear Hedge Funds
Dow Jones- U.S. securities regulators see little sign of systemic risk stemming from two troubled Bear Stearns Cos. (BSC) hedge funds, Securities and Exchange Commission Chairman Christopher Cox said Tuesday. At a House Financial Services Committee hearing, Cox was asked […]
Hedge Fund Sells For $3.4 Billion
Hartford Courant- GLG Partners LP, one of Europe’s largest hedge funds, said Monday it is selling itself in a $3.4 billion reverse takeover that will give it access to the U.S. stock market. Under the terms of the deal with […]
Ashurst in bid for hedge funds
The Lawyer- Ashurst is set to target activist hedge funds in a move it hopes will give it first-mover advantage in the evolving M&A landscape. Ashurst’s new strategy sets it apart from other City firms, which have been wary of […]