Author Archives: the HedgeCo News Team
Dillard’s Board Members Reject Hedge Fund Advances
New York (HedgeCo.Net) – Three Dillard’s Inc board members rejected a plea from hedge funds to have the company’s CEO, William Dillard II, booted from the chair. Barington Capital Group LP and Clinton Group Inc. had been calling for the […]
West End office space rental falls
Choregus (London) – It seems that West End Office Space in not impervious from the effects of the global economic slow down. Whilst many had observed the West End continuing to perform despite the pressures, it seems that the credit […]
Shareholder Sues CSX, Claims Hedge Funds Were to Blame
New York (HedgeCo.Net) – CSX is finding themselves in the middle of another battle, this time with a shareholder who is suing the railroad company along with hedge funds TCI and 3G Capital Partners. Shareholder Deborah Donoghue is seeking the […]
Hedge Fund Provider Point Nine expands into Middle East
West Palm Beach (HedgeCo.net) – Hedge fund technology service, Point Nine, has announced the opening of their new office in Limassol, Cyprus. This is the second office opening for Point Nine this year, which follows the recent opening of Point […]
Treasury, FDIC Said to Consider Guarantees to Stem Foreclosures
Bloomberg – The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a program that may offer about $500 billion in guarantees for troubled mortgages to stem record foreclosures, people familiar with the matter said. The plan, which might […]
Hedge Fund Boxers Forget Market Woe, De-Stress at Charity Fight
Bloomberg – At 5-foot-4 and 48 years, Nissim “The Miracle” Tse is the shortest and oldest of 34 boxers signed up for this year’s Hong Kong Hedge Fund Fight Nite. Calling himself “a financial warrior,” Tse likens boxing to his […]
Hedge Fund of Funds’ Revealing Q3 Report
Seeking Alpha – This morning I pulled out a third quarter report for a hedge fund of funds and read it. It had some numbers in it that weren’t particularly good, but were way better than I thought they’d be. […]
Hedge funds fear bankruptcy after Porsche squeeze
Times Online – Hedge funds were heading for a full-blown row with the German Government last night as it emerged that funds sitting on tens of billions of euro losses after short-selling Volkswagen could go bankrupt. Porsche, VW’s biggest shareholder, […]
US dollar makes comeback, ‘bucking’ world downturn
North County Times – The stock market is retreating, credit markets are squeezed and many corporate earnings are diving. But one piece of the mangled U.S. economy is making an improbable comeback: the dollar. As the financial meltdown clobbers world […]
Activists take Aim on property funds
Investors Chronicle – Activist investor Laxey has sunk its claws into yet another Aim-traded overseas property fund. Having built up a 9 per cent stake in Indian township developer Hirco, it wrote to management this week demanding they take action […]