Author Archives: the HedgeCo News Team
NYC Man Charged With Insider Trading Scam
New York (HedgeCo.Net) – Former Lehman salesman Matthew Devlin was charged on Thursday with participating in an insider trading scheme, after the New York City resident tipped off friends about 13 soon-to-be mergers. According to the complaint, Devlin got the […]
Merger-Arbitrage, Other Hedge Funds Hurt By Nixed BCE Deal
Wall Street Journal – If you thought the collapse of one of the biggest leveraged buyouts in history would be devastating for merger-arbitrage hedge funds, you’d be right. But pure merger arbitragers weren’t the only hedge funds hurt. The $41 billion […]
Cayman Islands in the Foreign Press
Cayman Net News – In a landmark decision the Cayman Islands Court of Appeal has settled various questions on the suspension of redemption. The ruling (December 12, 2008) in the Strategic Turnaround Master Partnership (based in New York) versus Culross […]
CSX Corp. Sue the Childrens Investment Fund
West Palm Beach (HedgeCo.net) – Transport company, CSX Corporation announced that it has joined in a civil action brought by the plaintiff, shareholder Deborah Donoghue, in federal court in New York to recover so-called "short-swing" profits under Section 16(b) of the Securities Exchange […]
Asian hedge funds step in as global players flee
Reuters – The investment banks and global hedge funds that are the usual buyers of debt and equity in struggling Asian companies have largely fled the market, leaving the distressed asset space to home-grown investors. Local players with the cash — […]
Copycat Selling Maroons Investors as Hedge Funds Cash In
Motley Fool – What does the turmoil in the hedge fund world mean to most investors? Losses and more losses. Over the past few weeks, the forced deleveraging of the industry, combined with redemptions by frantic clients, has led to […]
Hedge Funds Shrink by $64 Billion, Eurekahedge Says
Bloomberg – The global hedge-fund industry lost $64 billion of assets in November, with an index tracking its performance declining for a sixth month as economies in Asia and Europe joined the U.S. in recession, Eurekahedge Pte said. “It’s very […]
Hedge Fund Sued Over Expsoure to Madoff Funds
New York (HedgeCo.Net) – Gabriel Capital and founder Ezra Merkin have been sued for their exposure to Ponzi-schemer Bernard Madoff by a disdained investor. Scott Berrie, who has $500,000 tied up in one of Gabriel’s funds, claims that Gabriel lied […]
Lawfirm Examines Hedge Fund Misrepresentation for Investors Benefit
West Palm Beach (HedgeCo.net) – Bernstein Liebhard is investigating whether, among other things, these investment funds conducted proper due diligence before investing heavily in Madoff Securities, and whether these funds ignored the warning signs that Madoff was conducting a large-scale fraud. […]
Conference in Brussels on Carbon Capture & Storage
West Palm Beach (HedgeCo.net) – Platts 3rd Annual European Carbon Capture and Storage (CCS) conference is assembling the CCS community to discuss and review CCS projects in their various stages and look to uncover opportunities in what will become a changed […]