Yearly Archives: 2007
MergerTalk: Hedge funds muscle in on bankruptcies
New York – The contentious Northwest Airlines Corp. (NWACQ.PK) bankruptcy case is a new battleground in a larger war between hedge funds and distressed companies that will only widen, experts say. The No. 5 U.S. airline wants to cancel existing […]
US House panel sets hearings on hedge funds
WASHINGTON, March 8 (Reuters) – A U.S. congressional panel said it will hold a series of hearings on hedge funds and private equity pools beginning on Tuesday. The House of Representatives Financial Services Committee said the hearings will focus on […]
Major Shareholder Hedge Fund Buys Company
ValueAct Capital Management, a group of hedge funds based in San Fransisco, announced yesterday that they have agreed to buy Catalina Marketing Corp at $1.7 billion in cash or $32.10 a share, a 7.5% premium over the company’s closing price […]
New Hedge Fund Platform
SuperDerivatives announced the launch of First Cross-Asset, Turnkey Derivatives Platform for Hedge Funds and Asset Managers. SD-Funds said in a press release that the platform is a breakthrough in hedge-fund technology. It includes all pre-trade and post-trade activities with features […]
Lt Gov Fedele attends World Hedge Fund Forum
GREENWICH  Lt. Gov. Mike Fedele welcomed more than 350 hedge fund managers, investors and investment industry leaders to Connecticut’s first ever World Hedge Fund Forum Tuesday morning at theGreenwich Hyatt Regency. Participants came from as far away as Japan […]
IMA Answers Call From US Trasury Official
London 7th March 2007. The Alternative Investment Management Association (AIMA), the leading global hedge fund and alternative investment industry association today responded to a call from a US Assistant Secretary of the Treasury on hedge fund valuations. Addressing the […]
Republcans oppose new rules for hedge funds
Hartford – Senate Republicans yesterday said they do not believe their Democratic colleague, Norwalk’s Bob Duff, will muster enough bipartisan support to regulate hedge funds this session. “I can’t imagine this bill’s going to pass,” said Senate Minority Leader Pro […]
Hedge Funds To Oust “Grand Theft Auto” CEO
Shares in the makers of the video game “Grand Theft Auto”, Take-Two, shot up nearly 8%, from $1.34, to $18.95 yesterday. The increase came immediately after investors including Steven Cohen’s SAC Capital Advisors LLC and David Shaw’s D.E. Shaw & […]
Hedge Fund N I R Group Scores Highest Percent Increase
As combined assets at the largest U.S. hedge funds finally crossed the trillion-dollar mark, some are doing better than others. According to the bi-annual hedge fund survey by industry publication, Absolute Return, N.Y. based NIR Group scored the biggest increase […]
Treasury official – Current hedge fund rules protect investors
Greenwich, Conn. – The nation’s $1 trillion hedge fund industry doesn’t need further regulation because current rules are sufficient to protect investors, a federal Treasury official said Tuesday. “If the solution were as simple as granting additional regulatory authority, regulators […]
Hedge Funds Await Disclosure Decision
A fight between Northwest Airlines and a group of hedge funds to force each other to tip their hands on investment decisions and discussions has led to what could be a pivotal ruling on hedge funddisclosure. U.S. Bankruptcy Judge Allan […]
Let a thousand hedge funds bloom – in China
China should legalise hedge funds and bring in more private equity funds in order to develop the country’s futures market, a Beijing-based university professor has argued [via Bloomberg]. Professor Hu Yuyue, head of the stock futures research center at the […]