Yearly Archives: 2008
Hedge funds’ 1bn HBOS killing
Independant- Hedge funds may have made more than £1bn from shorting shares in HBOS, whose £4bn rights issue faced intense pressure from investors betting on the share price falling. Almost 15 per cent, or about 550 million, of the bank’s […]
Canada’s Sceptre Hires NY Hedge Fund Manger FGG
West Palm Beach (HedgeCo.Net) New York-based Fairfield Greenwich Group ("FGG"), a $16.6 billion global hedge fund and fund of hedge funds management firm has formed a cooperative venture with Sceptre Investment Counsel Limited, one of Canada’s leading independent money management […]
Goldman May Take Heat for Bayou Hedge Fund Fraud
New York (HedgeCo.Net) – Disdained investors of the former Bayou hedge fund, run by one-time fugitive Sam Israel, are going after Goldman Sachs for $20 million to try and recover some of their losses. Goldman Sachs served as the prime […]
Yahoo Shareholder Proposes Board Compromise
New York (HedgeCo.Net) – Hedge Funder Eric Jackson of Ironfire Capital will call on Yahoo Inc. to accept a board of directors mixed with members both proposed by the company and from a dissident slate backed by billionaire investor Carl […]
Activist American hedge fund eyes Sky stake in ITV
Times Online- An activist American hedge fund has drawn up detailed plans to buy BSkyB’s 17.9% stake in ITV. Silver Point Capital, an American fund that specialises in distressed assets, has held talks with investment bankers who could assist with […]
The $33m man is back – but now he’s working for free
Blayney Chronicle- Chris Cuffe cannot escape his tag as the $33 million man. But six years after the former head of Colonial First State left the funds manager with a notorious golden handshake, he is back in the business – […]
Man arrested in failed hedge funds
Cayman Net News- The Royal Cayman Islands Police Service (RCIPS) have arrested an unidentified 47-year-old man in connection with last month’s collapse of several Cayman-domiciled investment funds. Detectives from the Financial Crimes Unit (FCU) arrested the man on suspicion of […]
Inmarsat dives after hedge fund suspends talks
Times Online- Shares in Inmarsat, the mobile satellite communications group, plunged 12.2 per cent today after it emerged that Harbinger Capital, the activist American hedge fund investor, has suspended talks over a possible takeover. While both parties left the door […]
Hedge funds taking notice of Napster
BloggingStocks- With the plunge in the equities markets, there are certainly some compelling opportunities. Just look at Napster Inc., an online music operator. The company has $69.8 million in the bank and a market cap of $66.4 million. Yes, Wall […]
Harbinger suspends Inmarsat talks, still wants deal
Reuters- U.S. hedge fund Harbinger remains interested in buying British satellite communications firm Inmarsat, but is suspending talks for now because of the lengthy regulatory process involved, it said on Monday. "Harbinger remains interested in acquiring control of Inmarsat and […]
Traders head for hedge funds
Times Online- They may be partly responsible for the mess the banks are in but bankers are not sticking around for the clean-up. Many top bankers have lost confidence in their institutions and are quietly heading for the exit. The […]
Tate & Lyle boss calls for hedge fund curbs
Daily Telegraph- The chief executive of the sugar refining group Tate & Lyle has hit out at hedge funds and other commodity speculators, calling for them to face greater regulation in a bid to hold back soaring food prices. Hedge […]