Yearly Archives: 2010
Hedge fund to sell its stake in Harrah’s Entertainment
Las Vegas Review – The first business day after Harrah’s Entertainment canceled a planned $610 million stock sale, the hedge fund controlled by billionaire John Paulson submitted paperwork to the Securities and Exchange Commission that could lead to the sale […]
The New Yorker: Are Hedge Funds “Socially Worthless”?
New York (HedgeCo.net) – In the soon to be published, November 29, 2010, issue of The New Yorker, in “What Good Is Wall Street?”, John Cassidy questions the value of Wall Street, pointing out that many of the things that […]
Ex-Liverpool owner sued by hedge fund
Sport Business -Former Liverpool co-owner George Gillett is being sued for $117 million over a loan used to invest in the English Premier League club. US-based hedge fund Mill Financial took legal action against Gillett as it claims the American […]
FBI Visit Exposes Trade-Probe Tactics
WSJ – The Federal Bureau of Investigation’s attempt to pressure an independent analyst to record his calls with a client offers a window into how the government is trying to build what could become one of the most far-reaching insider-trading […]
Hedge Fund Registry, Swap Block Trading, ‘Rascals’: Compliance
Bloomberg – The U.S. Securities and Exchange Commission proposed requiring hedge funds and private-equity funds to submit to inspections and new disclosure requirements, aiming to expand oversight as required by the Dodd-Frank law. SEC commissioners voted 4-1 Nov. 19 to […]
Crude Climbs; Hedge Funds Cut Oil Bets
Bloomberg – Hedge funds cut bullish bets on oil by the most in almost three months amid speculation fallout from the Irish debt crisis and China’s efforts to curb inflation will slow economic growth, sapping demand for fuel. Read Complete […]
QR National attracts London hedge fund
Business Spectator – The Queensland government will retain a 33.7 per cent stake in QR National when the rail freight company floats today, with a London hedge fund to be the second-largest shareholder. A list of the top 20 shareholders in QR […]
FrontPoint Said to Close Health-Care Funds After Alleged Tipoff
Bloomberg – FrontPoint Partners LLC plans to close down its $1.5 billion health-care hedge funds after a portfolio manager allegedly received tips about the results of Human Genome Sciences Inc. trials for the drug Albuferon, according to a person briefed […]
Swedish bank SEB sued by hedge fund
Swedish Wire – Sweden’s third biggest banking group SEB, controlled by the powerful Wallenberg family, is being sued for 200 million euros ($272 million) by a hedge fund based in the British Virgin Islands. London-based Times Thursday wrote that that […]
Falcone Looks to Public Markets to Finance Investments After Redemptions
Bloomberg – Philip Falcone, the hedge-fund manager under fire from clients for tying up their cash in a wireless network and other hard-to-sell assets, plans to help finance such bets in the future by selling stock and bonds through a […]
SEC to step up supervision of hedge funds
Reuters – Hedge funds and private equity funds would be subject to supervision under a plan being considered by the Securities and Exchange Commission. The SEC meets later on Friday to vote on a proposal that would require the registration […]