Yearly Archives: 2007
Judge OKs $5M deal with NWA shareholders
Associated Press- Northwest Airlines overcame a major obstacle on its path to exiting bankruptcy Wednesday when a judge approved a settlement with a shareholder group that had opposed the carrier’s reorganization. Judge Allan Gropper approved the $5 million settlement at […]
Merrill’s Kim Joins Exodus of Trading Executives to Hedge Funds
Bloomberg- Dow Kim, the second-highest-paid executive at Merrill Lynch & Co., is resigning to form a hedge fund, the latest top manager to leave an investment bank for the higher pay of running an independent trading firm. Kim, 44, is […]
HEDGE FUNDS Lampert took big stake in Citigroup: SEC filing –
MarketWatch- Hedge fund manager Eddie Lampert has taken a stake valued at about $800 million in Citigroup Inc., a move that is driving up the stock and increasing speculation he may lead the charge for a break up. Lampert’s ESL […]
Commodity Hedge Fund Assets May Rise to $35 Billion
Bloomberg- Investments in commodity hedge funds may rise to about $35 billion by year-end as more traders set up funds to take advantage of swings in prices for energy, metals and agriculture, according to Cole Asset Management. About $30 billion […]
Former SEC head urges hedge funds to self-regulate
Reuters- Hedge funds should establish a self-regulatory organization and avoid taking money directly from average investors to avert government scrutiny and a possible public backlash, a former headof the U.S. Securities and Exchange Commission said on Wednesday. In remarks to […]
GFI Group Inc. Appoints Head of Energy – Americas
HedgeCo.net –NEW YORK, May 16, 2007 – GFI Group Inc. (Nasdaq: GFIG) announced today the appointment of Ian Clague as head of GFI’s energy operations in the Americas. Mr. Clague will bereporting to Ron Levi, GFI’s Chief Operating Officer. Mr. […]
CB Richard Ellis and Group Aim Launch Joint Property Hedge Fund
CB Richard Ellis Group and Reech AiM Group have formed a joint venture to set up property hedge funds with a UK and European focus. Launched successfully on May 12th, the Iceberg Alternative Real Estate is a relative value commercial […]
Global Investment House launches Global Islamic Fund of Funds
Global Investment House announced the launch of the ‘Global Islamic Fund of Funds’, an open-ended fund of funds investing in local and international Shari’a compliant funds. The new fund will invest in all types of funds such as equity, real […]
Derivatives, Mutual Funds and Pensions
Continuing to exhibit meteoric growth, the global derivatives market is now estimated at around $400 trillion. That’s a lot of zeros – $400,000,000,000,000. In contrast, the CIA World Fact Book estimates 2006 Gross World Product at $65 trillion. Said another […]
Curtis Announces the Opening of an Istanbul Office
May 14, 2007, New York, NY – Curtis, Mallet-Prevost, Colt & Mosle LLP is pleased to announce the opening of Curtis Mallet-Prevost Danmanlk Ltd. ti. in Istanbul. Consistent with the Firm’s international orientation, the new office will be dedicated to […]
Brighton House Launches Hedge Fund Product
Brighton House Associates officially launched it first product, BHA SalesDesk, a hedge fund sales and marketing system. The solution is sold directly to customers and is in use by hedge funds, broker/dealers, funds-of-funds, as well as by industry service providers. […]
NWA Settles With Hedge Funds
Forbes- Northwest Airlines Corp. has made a deal with a group of shareholders that had opposed its bankruptcy reorganization plan, the airline said in a court filing on Monday. The deal with the ad hoc equity committee resolves one of […]