Tag Archives: april-29

Cheers! Anheuser-Busch Agrees to $50 Billion Takeover Bid

New York (HedgeCo.Net) – Anheuser-Busch has agreed to a $50 billion takeover bid by Brazilian-Belgium brewer InBev, in which will result in the largest beer company in the world.  The final $70 a share offer was $5 higher than the […]

Yahoo/Microsoft Talks May Be Back On

New York (HedgeCo.Net) – After months of on-again off-again talks between Yahoo and Microsoft, the possibility of a merger looks to be back on.  According to the Wall Street Journal, Microsoft said they may be interested in restarting talks if […]

No Bail for Hedge Fund Schemer Israel

New York (HedgeCo.Net) – Chances are, when you stage a suicide to avoid a 20-year prison sentence and spark an international manhunt, you’re probably not going to have the luxury of being granted bail.  That’s exactly what happened when Judge […]

Avenue Capital Sees Improved Performance in May

New York (HedgeCo.Net) – New York-based Avenue Capital, the hedge fund that manages roughly $20 billion, is back after a lagging first quarter.  The company informed investors that the fund experienced gains in May for the second straight month. The […]

FaceBook Guru to Try His Hand at Alternative Investments

New York (HedgeCo.Net) – Matt Cohler, one of the early faces behind the wildly popular Facebook, will join venture capital firm Benchmark Capital.  Cohler will assist in locating investment opportunities in web based services and will work with the company’s […]

Former Pimco Manager to Launch New Hedge Fund

New York (HedgeCo.Net) – Former Pacific Investment Management Co. portfolio manager John Brynjolfsson is rumored to be starting his own hedge fund in the near future.   Ronald Solberg of Viking Asset Management will team up with Brynjolfsson to run […]

Seeder Pulls Out, New York Hedge Fund to Liquidate

New York (HedgeCo.Net) – New York hedge fund Manhasset Capital will start the liquidation process later this month after the decision was made by the fund’s seeder to pull out their $100 million initial investment.    A spokesperson for Fairfield […]

Fraudulent hedge fund manager still missing, may be armed

New York (HedgeCo.Net) – The manhunt continues for former Bayou hedge fund manager Sam Israel, who went missing just hours before his scheduled jail term of 20 years. Israel’s 2006 GMC SUV was found abandoned on the bank of the […]

Drake to shut down two remaining hedge funds

New York (HedgeCo.Net) – Drake Management will shut down its two remaining hedge funds one month after winding down the $2.5 billion Global Opportunities Fund.  The $1.4 billion Absolute Return Fund and the $160 million Low Volatility Fund will follow […]

Delphi creditors join suit against hedge fund

New York (HedgeCo.Net) – Appaloosa Management is getting hit from all angles in their attempt to walk away from the deal they struck with Delphi. The hedge fund is not only being sued by the auto parts maker, but now […]