Monthly Archives: January 2008
Ice Maker in Talks With Hedge Fund on New Buyout Terms
New York Times – Reddy Ice Holdings, a producer of packaged ice, said Wednesday that it was in talks to revise a $1.1 billion deal to be bought by a hedge fund, GSO Capital Partners. The deal was called into […]
Sarkozy vows to defend France against wealth funds
Reuters – President Nicolas Sarkozy vowed on Tuesday to protect French businesses from sovereign wealth funds and private speculators and urged a state bank to roll up its sleeves and help France defend its industrial interests. Sarkozy’s appeal came months […]
More Hedge Funds Means More Activists, Report Finds
New York Times Blogs – Thanks mainly to a rise in the number of hedge funds players in the field, activist investors in the United States increasingly bared their teeth last year. The number of activist campaigns rose 17 percent […]
Blackstone to Acquire Hedge-Fund GSO for $930 Million
Bloomberg – Blackstone Group LP, the world’s largest leveraged-buyout firm, agreed to buy hedge-fund manager GSO Capital Partners LP for $930 million in cash and stock to increase credit investments as LBOs dry up. GSO, founded by former Credit Suisse […]
FSA Decides Against Improving Commodity Transparency
Bloomberg – The Financial Services Authority, the U.K.’s markets regulator, said it won’t require hedge funds to disclose their holdings in London’s commodity markets. The FSA said in June that it may publish reports like those from the U.S. Commodity […]
Hedge funds fight Northern Rock board for small investors
Independent.co.uk – Northern Rock and its two biggest shareholders are battling for the votes of small investors who could decide the outcome of the bank’s extraordinary general meeting next week. Individual investors rarely decide votes at company meetings, which are […]
Hedge portfolio fundraisings to thrive in tough 2008
LONDON (Reuters) – UK listed funds may be struggling to raise money in the wake of the credit crisis, but funds of hedge funds could thrive in 2008 as investors hunt for returns through all market conditions. Recent stock market […]
HFG Investment Launches The HFG Korea Fund
Hong Kong 7th January 2008 – HFG Investments Pte Ltd, a Singapore-based joint venture established last year between Hana Daetoo Securities Co. Ltd, a member company of the Hana Financial Group, and Opvs Investment Holdings Ltd, launched its inaugural fund […]
Activist Hedge Fund Costa Brava Fails in Suit Against Telos Corporation
Ashburn, Va. – January 7, 2008 – The Circuit Court for Baltimore City today dismissed with prejudice all shareholder claims of wrongdoing against Telos, a Maryland Corporation, and its present and former directors and officers brought by activist hedge fund Costa […]
HFR Hedge Fund Index Rebounds in April After Decline in March
Bloomberg – Hedge fund returns rebounded in April after starting the year with the worst performance in nearly two decades, according to early results from Hedge Fund Research Inc. Overall hedge fund returns increased 1.5 percent for the month ended […]
SEC Publishes Text of Rand Report on Investment Adviser
Washington, D.C., Jan. 3, 2008 – The Securities and Exchange Commission has received and posted on its Web site the text of the RAND Corporation’s final report on practices in the investment adviser and broker-dealer industries. The Commission has been […]
Hedge fund raises stake to block nationalisation
Guardian Unlimited- Pressure mounted yesterday on the government to nationalise Northern Rock after an activist investor in the stricken bank revealed it had increased its shareholding for a third time in three days, positioning itself to block deals that favour […]