Tag Archives: december-31
Mexican Hedge Fund Takes Over Canadian Mining Company
West Palm Beach (HedgeCo.net) – Canadian mining, development and exploration company, Frontera Copper Corporation, has agreed, due to the recent downturn in the copper market, to Mexican hedge fund Invecture’s hostile take over bid. After determining that the hedge fund, […]
Ramius Capital to close four funds
Reuters – Ramius Capital, an activist hedge fund, is informing its investors that it will close four funds with a combined $550 million in assets, the Wall Street Journal said, citing people familiar with the fund. The assets of the […]
Perot’s Parkcentral Fund Closes as Credit Freezes
Bloomberg – Parkcentral Capital Management LP, an investment firm that manages money for the family of former U.S. presidential candidate H. Ross Perot, is liquidating a fixed-income hedge fund because it’s “no longer viable.” Parkcentral Global Hub Ltd.’s assets fell […]
Settlement reached in natural gas trading case
Globe and Mail – Amaranth Advisors LLC and two of its former traders have reached a settlement with U.S. regulatory staff over the alleged manipulation of natural gas futures prices. The deal, which was submitted to the U.S. Federal Energy […]
Money-Laundering Risk Of Hedge Funds Gauged
Washington Post – Seven years ago the Patriot Act required every financial institution to establish a program to combat money-laundering. But the roughly $2 trillion hedge-fund industry today remains free of any such government restrictions, and this week the Treasury […]
Hong Kong Says Hedge Funds Provided Inaccurate Data
Bloomberg – Some hedge fund managers provided inaccurate information to investors in newsletters and monthly fact sheets, Hong Kong’s Securities and Futures Commission said. In one instance, the hedge fund manager excluded the fund’s largest stock holding from its top […]
Hedge Funds Learn To Say ‘Sorry’
Forbes – It’s hard to fathom. But as lousy returns start pouring in, managers of some of the most successful hedge funds in recent years are apologizing for their dismal showing. "The last quarter has been abysmal," wrote TPG-Axon Capital Manager […]
Europe’s MPs push for hedge fund transparency
Times Online – The European Parliament will support calls tomorrow for Europe-wide legislation aimed at making the inner workings of hedge funds and private equity more transparent. The proposals – championed by Poul Nyrup Rasmussen, the Socialist MEP and a […]
Funds Flee Morgan, Goldman for JPMorgan
New York Post – The JPMorgan Chase CEO is seeing the coffers of the bank he runs being filled with "billions of dollars a day" coming from hedge funds that have pulled their cash from Morgan Stanley and Goldman Sachs, […]
Hedge funds suffer further pain
Reuters UK – The bankruptcy filing of Lehman Brothers is another blow for the hedge fund industry, but at least the damage is limited from here for funds exposed the U.S. investment bank. Even legendary fund manager George Soros, who […]
Hedge fund ups stake in Cablevision again
Business Week – A hedge fund known for shaking up underperforming companies has increased its stake in Cablevision Systems Corp. to 9.1 percent, according to a regulatory filing Thursday. Harbinger Capital Partners now owns more than 21 million shares of […]
