Yearly Archives: 2008
Hedge funds with high ambition
Times Online- Philip Falcone is used to demanding change from underperforming company executives, but yesterday he took Harbinger Capital, his activist hedge fund, into new territory. Complete with financial advisers and a big stake, Harbinger broke cover as a traditional […]
Hedge Funds As Breakers, Not Makers, Of News
CNNMoney.com- Hedge funds hate to see their names in the headlines, but lately, they’ve been the ones breaking the news about companies they invest in. Daniel Loeb’s Third Point LLC disclosed in a Monday regulatory filing that Maguire Properties Inc. […]
Bigger may be better as smaller hedge funds give up
Reuters UK- Bigger may really be better for hedge funds at a time the $2 trillion (1 trillion pound) industry’s smaller players face tough choices of either merging or being forced out of business. In the first six months of […]
Hedge fund code to catch the willing and unwilling
Reuters- Many of Europe’s hedge funds will sign up to a voluntary code of standards to appease institutional investors and avoid punitive regulation, but even those that don’t will be unable to ignore it. The standards on governance and disclosure, […]
No Bail for Hedge Fund Schemer Israel
New York (HedgeCo.Net) – Chances are, when you stage a suicide to avoid a 20-year prison sentence and spark an international manhunt, you’re probably not going to have the luxury of being granted bail. That’s exactly what happened when Judge […]
Recent failures slow growth of Icahn
Boston Globe- Carl Icahn has hit the roughest patch of his hedge fund career. His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds opened in November 2004, according to […]
Hedge Fund Report; Bear Buyout Could Cost Taxpayers
New York Post- Taxpayers are all but certain to take a hit on the securities the Federal Reserve accepted as part of JPMorgan Chase’s takeover of Bear Stearns, according to a report by a hedge fund that is an investor […]
GLG’s Hiring Spree
West Palm Beach (HedgeCo.net)- Soon after the scheduled departure of several senior traders and executives was announced, hedge fund GLG Partners has begun hiring new experts to fill in the gap. Experts such as as Galia Velimukhametova, Fabrice Bay, and […]
Coca-Cola agrees to $137.5 mln settlement in case
Reuters- Coca-Cola Co (KO.N) agreed to pay $137.5 million to settle a shareholder lawsuit that claimed the world’s largest soft drink maker artificially inflated sales to boost its stock price, according to court documents. The lawsuit, filed in October 2000, […]
JPMorgan Marathon Embrace Begins Dimon Lure of Lost Hedge Funds
Bloomberg- A year after Andrew Rabinowitz yanked his hedge fund’s cash from Bear Stearns Cos. because of concern the Wall Street firm wouldn’t make good on its trades, he’s ready to return. For Rabinowitz’s New York-based Marathon Asset Management LLC, […]