Monthly Archives: June 2008
Former Brahman Capital Execs to Form Hedge Fund
Black Enterprise- A team of young managers formerly with hedge fund Brahman Capital is preparing to launch a fund in August to focus on Western European turnaround situations, the firm’s founder said. Cara Goldenberg, a 27-year-old former star investor and […]
A Hedge Fund and Its Nonprofit Twin
New York Times- Christopher Cooper-Hohn and his wife, Jamie, follow a simple economic formula: he makes money, and she gives it away. Mr. Cooper-Hohn runs the Children’s Investment Fund, or T.C.I., a successful — and controversial — hedge fund that […]
Asia to Create Thousands of Hedge Fund Jobs, Pinnacle Says
Bloomberg- Asia’s expanding hedge fund industry will probably create tens of thousands of jobs in the next five years, even as investment bank recruitment dries up after the U.S. subprime mortgage market collapse, said Sheridan Mather, a managing director of […]
Investor accuses hedge fund of siphoning off money
Hartford Courant- An investor has sued a Greenwich hedge fund management firm, accusing its operators of siphoning off money and enriching themselves at the expense of investors. Westerly Capital sued Windmill Management LLC, manager of SageCrest hedge fund, and operators […]
The last-minute surprise that is ‘maintaining consumer confidence’
Times Online- Proper consultation is the rock upon which good regulation is founded. And for the Financial Services Authority, consultation is in its DNA. So when it does the unthinkable and drops a bombshell without warning or discussion — as […]
House denies alternative minimum tax expansion
Seattle Times- The House on Wednesday approved a plan to protect more than 20 million families from an expensive levy called the alternative minimum tax (AMT) while raising taxes on hedge-fund managers and oil companies. But the measure has little […]
J-Power Wins Shareholder Vote on Payout, Defeats TCI
Bloomberg- J-Power shareholders defeated a proposal by U.K. hedge fund TCI for the company to double its dividend, ending a monthlong proxy battle and sending the stock to its biggest decline since February. Shareholders of Electric Power Development Co., the […]
Shareholders Approve $7.2 Billion WaMu Bailout
New York (HedgeCo.Net) – A $7.2 billion bailout package was approved Tuesday by 94% of Washington Mutual Shareholders in a move that gives private equity firm TPG control of over 50% of the company, says the Seattle Times. Not that […]
Hedge funds bet on HBOS to fall
Business Spectator- Hedge funds sharply increased their bets against UK lender HBOS in the first days after the Financial Services Authority imposed new rules on June 13, targeting abusive short-selling and smooth the process for firms raising cash from rights […]
RWC makes double hire for Asia fund launch
CityWire.co.uk- RWC Partners has recruited Carmel Peters and Kirsty McLaren for the launch of an Asian-focused fund. Investment boutique RWC, which changed its name from MPC Investors earlier this month, has hired Peters and McLaren from Sofaer Capital. The duo has […]
2008 Hedge Fund Award Nominees
West Palm Beach (HedgeCo.net)- AdultVest was nominated among others for the ‘Hedge Fund Launch of the Year’ Award, the alternative investment fund is the world’s first Investment Community designed specifically for the Adult Industry. Other nominees include, Brevan Howard Asset Management, […]
