Yearly Archives: 2008
The Aftermath – Bear Stearns’ Biggest Losers
West Palm Beach (HedgeCo.Net) – It took merely minutes for one of the biggest collapses in Wall Street history to unfold. Bear Stearns, who was rocked by the subprime mortgage crisis and the resulting $3 billion in write-offs that followed, […]
Threadneedle Launches Asian-Focused Hedge Fund
FINalternatives- U.K. asset manager Threadneedle has launched its first Asian-focused hedge fund to complement the firm’s nine other hedge fund offerings. The new vehicle, the Threadneedle Asia Crescendo Fund, is being managed by Jan de Bruijn. According to de Bruijn, […]
Funds swoop on farmland as commodities boom
LONDON (Reuters)- Investment bankers often aspire to be gentlemen farmers, but now farming could soon become their day job. Soaring agricultural prices, growing demand for biofuels and the growth of the Chinese and Indian economies are leading top global investment […]
San Francisco 49ers Participate In Hedge Fund Drive to Raise Funds For Children
West Palm Beach (HedgeCo.Net)- Hedge Funds Care is sponsoring yet another "Open Your Heart to the Children Benefit", this time including the San Francisco 49ers. The Co-Owner, John York, will join current 49ers players and coaches including Head Coach Mike […]
Hedge Funds `Defend Vigorously` Disclosure Rights
West Palm Beach (HedgeCo.Net)- Hedge funds Children’s Investment Fund Management (TCI) and 3G Capital Partners reponded to a lawsuit yeasterday, saying the CSX filing was "without merit". “It is unfortunate that CSX has chosen to manipulate the governance and Board election […]
Hedge funds win seats on New York Times board
Guardian- Two hedge funds have secured seats on the board of the New York Times Company after a lengthy battle with the paper’s controlling Sulzberger family. Harbinger Capital Partners and Firebrand Partners originally demanded four seats, but their win is […]
Pilot seniority dispute jeopardizes NWA, Delta merger
Minneapolis Star Tribune- On hold for nearly a month, the merger deal between Northwest Airlines and Delta Air Lines is in danger of being called off. Lee Moak, the Delta pilots union chairman, disclosed Monday that the two airlines’ pilot […]
Liquidity of Singapore banks, hedge funds sound
Reuters- Singapore’s central bank said on Monday the city-state’s banks and hedge funds have enough cash amid the global turmoil in financial markets. Financial markets have been roiled by fears that more banks and hedge funds may be on the […]
JPMorgan to buy Bear as Fed opens lending to Wall St
NEW YORK (Reuters) – JPMorgan Chase & Co set a deal to buy stricken rival Bear Stearns for a rock-bottom price, while the U.S. Federal Reserve expanded lending to securities firms for the first time since the Great Depression to […]
Father Daughter Con Team Lure $70 Million Away from Elderly
West Palm Beach (HedgeCo.Net) – Father does not always know best… especially when he recruits his daughter to help him scheme over 15,000 Britons out of $70 million. Paul Robert Gunter, 58, and Zibiah Joy Gunter, 25, have allegedly been […]
Heller Joins Hedge Fund Association Board of Directors
West Palm Beach (HedgeCo.Net)- Richard Heller, a partner with the law firm Thompson Hine LLP, has been appointed to serve on the Hedge Fund Association 2008 board of directors. The Hedge Fund Association is an international not-for-profit association of hedge […]
Budget move to open up more funds to UK investors
LONDON (Reuters)- UK investors will have access to a much greater range of investment funds after the Treasury said on Wednesday it plans to extend favourable tax treatment to more offshore funds. The Treasury said that in order to qualify […]