Author Archives: the HedgeCo News Team
FACTBOX: Hedge fund managers name long, short bets
Reuters – Some of the country’s biggest and best-known hedge fund managers on Wednesday shared their best investment and short-selling ideas with an audience of some 1,200 hedge fund executives. The annual Ira Sohn Investment Research Conference raises millions of […]
Target shareholders reject Ackman board slate
Times and Democrat – Activist shareholder William Ackman sought for months to replace four incumbents on the Minneapolis-based retailer’s board of directors with five of his own picks, including himself. The head of Pershing Square Capital Management, which has a […]
Future of Hedge Funds Highlighted at SS&C Symposium
West Palm Beach (HedgeCo.net) – More than 85 hedge fund professionals last week attended the 6th Annual Hedge Fund Symposium hosted by financial software provider SS&C Technologies in London. The panel was moderated by Richard Greensted, Editor of Script Issue, […]
Hedge fund manager Singer wants limits on leverage
Reuters – Aggressive government action can hurt the market, but regulators should clamp down on excessive borrowing by banks and investors to prevent another credit crisis, veteran hedge fund manager Paul Singer said at a conference. Singer said the current […]
Einhorn calls AAA rating a curse, shorts Moody’s
Marketwatch – David Einhorn, head of hedge-fund firm Greenlight Capital, called AAA credit ratings a curse and said he is betting against rating agency Moody’s, during a speech at a closely watched investment conference on Wednesday. Einhorn said that many […]
Hedge fund Pequot closing as probe back in spotlight
Boston Globe – Prominent hedge fund firm Pequot Capital told investors on Wednesday it will shut down because of a reopened government probe into possible insider trading. "Public disclosures about the continuing investigation have cast a cloud over the firm […]
AIMA To Mobilise Hedge Fund Industry On EC Directive
West Palm Beach (HedgeCo.net) – The Alternative Investment Management Association (AIMA), announced plans to mobilise the world’s hedge fund industry on the European Commission’s draft directive for Alternative Investment Fund Managers. “There are provisions in this directive with potentially serious […]
Hedge Fund Is Dissolving as It Faces 2nd Inquiry
New York Times – In the rarefied world of hedge funds, he is one of the greats — a stock-picker who managed to make money, bull market or bear, for more than two decades. But on Wednesday, Arthur J. Samberg […]
Sports Direct sells JJB stake
Belfast Telegraph – Mike Ashley’s Sports Direct International has offloaded its 4.8% directly-owned stake in struggling rival JJB Sports, it was revealed today. Speculation was mounting over the identity of the buyer after the Sports World parent sold 11.9 million […]
Hedge fund giant eyes a bounceback
Evening Standard – This year could see the bounceback of the hedge fund industry after a pretty disastrous 2008, Peter Clarke , chief executive of the world’s largest publicly quoted hedge fund manager Man Group , said today. But news […]