Monthly Archives: January 2008
Hedge fund boosts stake in troubled jeweler Zale
Tulsa World- Breeden Capital Management LLC has boosted its stake in Zale Corp., the largest U.S. jewelry chain by number of stores, to 13 percent, as the retailer strugglesto regain market share. Former Securities and Exchange Commission Chairman Richard Breeden […]
Dow Jones Top Hedge Fund Trades of 2007
Dow Jones Hedge Fund Trades announced in a a press release today the annual list of the best and boldest hedge fund moves. Among the top hedge fund trades were two deals by Atticus Management, which resulted in a collective […]
Hedge fund code
Financial News Online US- Plans for a hedge fund code of conduct need to be beefed up to protect institutional investors piling cash into the industry, Albourne Partners, one of the biggest UK specialist advisers, warned on Wednesday. Albourne said […]
Blackstone and Citadel looking at stakes in Australia
HedgeCo.Net- The Australian Financial Review reported that US hedge funds Blackstone and Citadel have both flown teams into Australia to discuss buying a stake in troubled shopping centre owner Centro Properties Group. Australian institutions including AMP, Colonial First State and […]
A Hedge-Fund Mystery
CFO.com- Last August was a bad month for the hedge-fund industry. According to fund tracker Barclay Hedge Ltd., about 75 percent of the 2,600 or so hedge funds that reported results for the month showed a loss, of about 1.4 […]
Ritchie Capital defends hedge fund, warns investors legal action could ‘damage value’
Chicago Tribune- A week after some investors tried forcing it into bankruptcy, Lisle-based Ritchie Capital defended management of its multi-strategy hedge fund and warned other investors that the group’s legal action could “cause further damage to the value of your […]
South African Hedge Fund Index Returns 15.56%
West Palm Beach (HedgeCo.Net)- The South African Times reported that their hedge Fund Index returned 15.56% over one year to November, while the month-on-month growth rate dipped by 1.67%. Director of Clade Investment Management Gavin Goldblatt said, “The volatility […]
Hedge fund RAB nudges up Northern Rock stake
Reuters- RAB Capital, a top investor in Northern Rock, has bought shares in the bank for the second time in two days, raising its stake to 7.5 percent ahead of a January shareholder meeting, a filingshowed on Friday. RAB and […]
PHH ends proposed merger with GE
Reuters- Mortgage and vehicle fleet company PHH Corp (PHH.N) said on Tuesday it terminated its nearly $2 billion sale to General Electric Co (GE.N) and Blackstone, after the private equity firm failed to obtain required financing for the deal. GE […]
Mark Mobius says hedge funds to target Pakistan
Times Online- One of the world’s most respected emerging market investors has pledged to keep his funds in Pakistan despite the turmoil unfolding in the country following last week’s assassination of former prime minister Benazir Bhutto. Mark Mobius, who runs […]
Bear Stearns hedge funds saga continues
Cayman Net News- The multi-billion dollar collapse of two Cayman Islands hedge funds managed by investment giant Bear Stearns is set to continue to make headlines into the New Year. As 2007 drew to a close, news was released that […]