Tag Archives: 1-million

CSX says $11M shareholder settlement approved

Forbes – CSX Corp. said a New York Federal Court has approved a settlement in which the railroad operator will be paid $11 million by two activist shareholder hedge funds over alleged securities law violations. CSX said late Friday it […]

Hedge Fund Trembulant Ups Stake in Fast Food

West Palm Beach (HedgeCo.net) – Hedge fund Tremblant Capital reported that it now owns 1.1 million shares of Chipotle Mexican Grill, bringing its total shares in the Denver-based fast food restaurant to 5.7%. "Chipotle shares have fallen recently, and the hedge […]

Baker takes funds’ case to Congress

TheAdvocateOne year ago, former U.S. Rep. Richard Baker, R-Baton Rouge, stepped out of Congress to become the chief lobbyist for the trillion-dollar hedge fund industry and walked right into the economic tornado swirling through the nation. “I don’t have too […]

RAB offloads loss-making funds for £1m

Times Online – RAB Capital has agreed to sell Northwest, its loss-making Asia-focused investment business, back to its founding principals for only £1 million in the latest sign of retrenchment by the AIM-listed London hedge fund manager. RAB, which originally […]

Mace Security says it’s owed $2M by missing hedge fund manager

MSN MoneyCentral – Mace Security International Inc. said Tuesday it has only received $1 million of a little more than $3.2 million owed it by a hedge fund managed by missing Florida money manager Arthur Nadel. The Horsham, Pa., maker […]

Battered Wall St tops Obama inaugural donors-study

Daily Monitor – Wall Street may be bruised and battered, but it still donated more money than any other U.S. industry to President-elect Barack Obama’s inaugural festivities on Tuesday, a study has found. The Center for Responsive Politics said executives […]

Charities hurt in Madoff case get charity

MSNBC – Nonprofits that are struggling because their donors lost money with Bernard Madoff are getting a bailout — but not from the government. Richer foundations are stepping in to help. Human Rights Watch, The Center for Constitutional Rights and […]

Iceland: The country that became a hedge fund

CNNMoney.com – On a gloomy morning in early August, more than a month before Wall Street and the world’s financial system seized up, a senior aide to Iceland’s Prime Minister paid a visit to the Russian embassy in Reykjavík to […]

Why diesel is pricey; and the hedge in those hedge funds

Globe and Mail – People often think that the price of crude oil is the only factor affecting the retail price of finished petroleum products, but this is not true, said Cathy Hay, an analyst at Calgary gasoline consultancy MJ […]

Long-only funds to dominate shareholder mix

Reuters – Traditional long-only mutual funds are set to dominate shareholder registers again as the hedge fund industry shrinks and retail investors continue to stay away, according to Morgan Stanley. Meanwhile, with institutions, including hedge funds, deleveraging aggressively, emerging markets […]

From Private Equity Prop to Private Equity Drag

Seeking Alpha – I’m lucky to count among my friends Charlie Michaels, owner of hedge fund company Sierra Global and portfolio manager of the Sierra Europe Fund. Charlie is among the few hedge fund managers sitting on a gain so […]

Battered convertibles lure brave hedge funds

guardian.co.uk – Bolder hedge funds are looking to snap up convertible bonds at bargain prices, returning to an asset class that became a no-go area for them only a short while ago. The convertible bond market has tumbled 44.5 percent […]