Tag Archives: earnings

Hedge Funds Eye 850p For Cadbury As ‘Fair Price’ Talk Swirls

Dow Jones – hedge funds are looking for Kraft Foods Inc.  to offer at least GBP11.7 billion for Cadbury PLC  as the confectioner’s chief executive, Todd Stitzer, reportedly accused the U.S. food conglomerate of letting Cadbury’s share price “drift.” One […]

UPDATE 1 – Och-Ziff reports loss, sets aside bonuses

CNN Money – Hedge fund firm Och-Ziff Capital Management Group reported a wider second-quarter net loss Tuesday and lower-than-expected distributable earnings, a number analysts look at closely. The New York-based firm, one of only a small number of publicly traded […]

Shorting not good bet for hedge funds

Gulf News – Short-selling, one of the few tactics that made money for hedge funds in 2008, has become a risky bet as prospects for equities have improved, while getting hold of stock to sell is harder as lenders shun […]

Volkswagen hedges offset lower Porsche earnings

Guardian.co.uk – Big gains on derivative bets linked to Volkswagen shares offset a decline in nine-month earnings at Porsche SE’s core sports car business, the heavily indebted holding company said on Friday. Porsche, scrambling to shore up its tattered balance […]

GLOBAL MARKETS-Investors lift stocks, look past banking worry

Alibaba News Channel – Investors generally put aside recent worries about the world economy and banking industry woes on Thursday, sending global stocks higher and reversing safety flows into the Japanese yen. Mixed earnings plagued European markets, however, with Credit […]

Suncor to buy Petro-Canada for $15 billion

Reuters – Suncor Energy Inc has agreed to buy rival Petro-Canada to create Canada’s largest oil company, as the pair seek to tackle tough conditions in the oil sands industry by slashing costs. Suncor will pay C$18.43 billion ($14.9 billion) for PetroCanada […]

Icahn Puts Another $250 Million Into His Fund

New York Times – The billionaire financier Carl C. Icahn put another $250 million into his hedge fund at the beginning of the year after suffering further losses in the fourth quarter on investments in Motorola and Yahoo, according to […]

US hedge funds face draconian tax proposals

Hedge Funds Review – US hedge fund managers could be subject to higher personal taxes if changes to the taxation rules included in President Barack Obama’s 2010 budget proposal are adopted. The budget proposal includes measures to treat carried interest […]

Mathewson hedge fund profits from ABN takeover

The Herald – Toscafund, the hedge fund that was a catalyst for the sale of ABN Amro, made £158m profit in 2007 when Royal Bank of Scotland led the disastrous £49bn acquisition of the Dutch bank. The investment firm, whose […]

Korea’s No. 1 Money Manager Says Genghis Khan Model for Funds

Bloomberg – Days after a March negotiating session to buy San Francisco’s Citicorp Center building for $370 million, Park Hyeon Joo is in the air on a Korean Air flight bound for Seoul, sipping a glass of red wine. He’s […]

Bay Hill Launches Maiden Hedge Fund

FINalternatives- Boston and San Francisco-based Bay Hill Capital Management this month launched its first hedge fund, a multi-strategy volatility offering with $25 million in initial assets. According to Alec Petro, managing partner, the Bay Hill Fund has three sub-strategies: volatility […]

Area hedge funds the lure for West Coast firm

Norwalk Advocate- A California firm that provides financial assistance to companies has chosen Westport to locate its first East Coast operation. Seeking to expand its operations to lucrative Greater New York and Fairfield County, San Francisco-based Business Capital, a provider […]