Yearly Archives: 2008
Leopard Capital Competes to Invest in Cambodia Acleda Bank
Bloomberg – Leopard Capital, which is setting up a $100 million private-equity fund to invest in Cambodia, said it’s competing to buy a stake in Acleda Bank Plc, the largest Cambodian bank. “It’s the best-run bank, it’s clean and it […]
Money manager Keeley takes stake in Pzena
BOSTON (Reuters) – Keeley Asset Management, which made its name by selecting small and forgotten companies, said on Wednesday that it took an 18 percent stake in beleaguered money manager Pzena Investment Management. Keeley now owns 1.09 million Pzena shares, […]
EDF Battles Hedge Funds, Power Traders to Keep Nuclear Secrets
Bloomberg- Christian Kunze pays French farmers to install camouflaged, shoebox-sized “power stalkers” in fields near nuclear stations owned by Electricite de France SA, collecting data the world’s biggest utility says is a secret. His company, Powermonitor, plans to sell information about […]
Hedge Fund Man Group Shows Positive Product Return
West Palm Beach (HedgeCo.net)- Global Hedge fund Man Group has increased their assets under management from $74.6 billion at 31 March 2008 to $79.5 billion at 30 June 2008. "Demand for our fund products has remained strong, both from private […]
Hedge fund manager describes rock bottom
International Herald Tribune- One by one, John Devaney sold his treasures, hoping to forestall what was in the end inevitable. He sold his Renoir and his Gulfstream, his home and his helicopter. Even his cherished yacht — gone. But on Wednesday […]
Charming’s CEO Bern Squeezed Out By Funds
New York Post- Women’s clothier Charming Shoppes booted CEO Dorrit J. Bern less than two weeks after a pair of dissident hedge funds officially secured seats on the board. Board-level talks to oust Bern, who’s eligible to earn up to […]
Fewer U.S. hedge fund starts so far this year
Reuters UK- Roughly three dozen U.S. hedge funds have opened for business so far this year, 50 percent less than the same period last year, according to data released on Tuesday that underscored how tough it is to launch one […]
Hedge funds turn in their worst record for nearly 20 years because of credit crunch
Independent- Hedge funds turned in their worst first-half performance in almost two decades because of the credit crunch and the onset of a bear market in stocks. Hedge funds declined by an average 0.7pc in June, bringing the year-to-date loss […]
Info War: Turning The Regulators Back Against The Hedge Funds
DealBreaker.Com- If your memory stretches past last summer, you might recall that before the current debacle settled on Wall Street there was a lot of sound and fury raised about hedge funds. The rise of hedge funds was said to […]
Devaney’s Funds Wiped Out After United Capital Gets Margin Call
Bloomberg- John Devaney is liquidating hedge funds at his United Capital Markets Holdings Inc. after failing to meet a margin call from Deutsche Bank AG. Deutsche Bank seized and auctioned off collateral after the Horizon group of funds failed to […]
Anheuser-Busch Fires Back at InBev, Files Suit
New York (HedgeCo.Net) – Budweiser maker Anheuser-Busch is suing InBev after declaring that their “bargain price” offer of $65 a share is illegal. Anheuser-Busch accuses InBev of using “deceptive conduct” to try to win control of the company. InBev recently […]