Monthly Archives: June 2008
Bear Stearns Hedge Fund Managers getting indicted for starting credit crisis
India Daily- The Bear Stearns Hedge Fund Managers are getting indicted for starting the credit crisis. According to media sources, Federal prosecutors are preparing to file criminal charges against managers of two Bear Stearns Cos. hedge funds whose collapse helped […]
Strategy Sought at Global Hedge Fund Conference
West Palm Beach (HedgeCo.net)- Hedge fund managers, gurus and ‘Out of the box’ guest speakers are gathering at the Grimaldi Forum to debate distressed investing issues and macro strategies for 2008. The 14th Annual Gaim International 2008, a global hedge fund industry conference is […]
Odey launches funds of hedge funds operation
Wealth Bulletin- Odey Asset Management has created a fund of hedge funds subsidiary to broaden its offering to wealthy investors. It has hired two people from Credit Suisse to run the business from Guernsey. The business marks a new direction […]
Hedge funds to continue quest for board seats despite ruling
New York (HedgeCo.Net) – The proxy battle waged by two hedge funds against railroad operator CSX is far from over, despite a ruling against the funds last week. TCI, who runs the Children’s Investment Fund of Britain, and 3G Capital […]
Fraudulent hedge fund manager still missing, may be armed
New York (HedgeCo.Net) – The manhunt continues for former Bayou hedge fund manager Sam Israel, who went missing just hours before his scheduled jail term of 20 years. Israel’s 2006 GMC SUV was found abandoned on the bank of the […]
Microsoft Bid for Yahoo Probed by SEC
The New York Sun – Suspicions that illegal insider trading may have preceded the year’s biggest and most publicized corporate takeover attempt — Microsoft’s hostile $44.6 billion bid for Yahoo — have prompted the Securities & Exchange Commission to commence […]
JPMorgan to Launch European Hedge Fund Into UK
West Palm Beach (HedgeCo.net)- JPMorgan Asset Management is planning to expand one of their European hedge funds into the UK market in the coming weeks, according to FT Advisor. The JPM Highbridge Statistical Market Neutral fund was launched in Luxembourg […]
Beyond the Hedge Fund Shakeout
BusinessWeek- Private equity firm Cerberus Capital Management is starting a new fund to invest in assets it thinks have been driven down too low by the credit crisis, Chairman John Snow told Reuters on Thursday. The decision by Cerberus to […]
Cerberus raising funds to buy distressed assets
Reuters- Private equity firm Cerberus Capital Management is starting a new fund to invest in assets it thinks have been driven down too low by the credit crisis, Chairman John Snow told Reuters on Thursday. The decision by Cerberus to […]
Pasternak Cleared of SEC Trading-Fraud Allegations
Wall Street Journal- A federal judge said the Securities and Exchange Commission didn’t prove that former Knight Equity Markets chief Kenneth Pasternak defrauded the firm’s clients. In an oral opinion Thursday, U.S. District Court Judge Joel Pisano said that witness […]
Lehman Brothers removes finance, operating chiefs
The Columbian- The hope at Lehman Brothers is that a management shakeup Thursday will contain the damage of a stunning quarterly loss – yet some on Wall Street fear this is one more step toward a more dramatic outcome for […]
Comic Hoffman Hails Florent, Mocks Hedge-Fund Dudes
Bloomberg- Clad in a beaded, raspberry-colored dress, black leggings and kitten-heeled shoes, comic actress Jackie Hoffman climbed onto the bar at Florent to deliver a tirade against the forces of greed and gentrification that have conspired to drive a beloved […]
