Tag Archives: investment-firm
Madoff Brother, Sons Sued by Trustee for $199 Million
Bloomberg – Bernard Madoff’s brother, sons and niece were sued by a liquidator over claims they spent $198.7 million of victims’ money and treated the con man’s investment firm as their personal bank. The lawsuit against the brother, Peter Madoff, […]
Harbinger to Acquire SkyTerra, Take It Private
The Washingtom Post – Reston-based satellite firm SkyTerra said Wednesday that it has agreed to be acquired by its biggest shareholder in a roughly $280 million transaction that will return the company to private ownership. Under the deal, New York-based […]
D.E. Shaw, Hedge Fund Manager, Gets Permit to Operate in Dubai
Bloomberg – D.E. Shaw & Co., the $29 billion investment firm run by David Shaw, said the Dubai Financial Services Authority granted its Middle East unit a license to operate from the Dubai International Financial Centre. The firm aims to […]
Global Climate Change Fund Launch
West Palm Beach (HedgeCo.net) – Alternative investment manager and advisor, Climate Change Capital, (CCC) has been appointed to manage a climate change fund for Dublin-domiciled UCITS platform, Russell OpenWorld. The Global Climate Change Fund will be managed by Climate Change […]
NewRiver revives suspended IPO at fraction of value
Reuters – Opportunistic property investment firm NewRiver Retail said on Monday it would list in September with a capitalisation of 25 million pounds, two months after suspending a planned 250 million pounds float. NewRiver expects its shares to be admitted […]
People Moves: Two Hedge Fund Specialists Join Probitas Partners
HedgeCo.net (West Palm Beach) – Hedge Fund veterans James Coleman and Vincent Le Hodey have joined global alternative investment firm Probitas Partners at its London office. “We are very excited to have James and Vincent join Probitas Partners. They are […]
Highland Fund Sued by Schulte Roth for $2.83 Million
Bloomberg – Highland Capital Management LP, the Dallas-based investment firm that’s liquidating its main hedge fund, was sued by attorneys Schulte Roth and Zabel LLP for allegedly not paying $2.83 million in legal fees. The New York-based law firm initiated […]
Hedge Fund Veteran Selected for Fund of Funds Investment Committee
West Palm Beach (HedgeCo.net) – Roy H. Callahan has been selected as portfolio manager and member of the investment committee at alternative investment firm, Coast Asset Management, LLC firm’s , effective June 15. "We are thrilled that Roy Callahan has […]
Canyon, Citadel Ride Convertibles Resurgence to Recoup Losses
Bloomberg – Convertible bonds that punished hedge funds in 2008 are driving returns at Canyon Partners and Citadel Investment Group LLC and helping companies from JetBlue Airways Corp. to Alliance Data Systems Corp. raise capital. Canyon, the $14.4 billion investment […]
Seattle investment firm Quellos Group expected to be indicted in tax-evasion case Thursday
Seattle Times – Federal prosecutors are expected to unseal indictments Thursday in a massive tax-evasion investigation involving the Seattle investment firm Quellos Group, accusing its officers of operating offshore tax shelters used to hide hundreds of millions of dollars from […]
Third competitor files to take over Asarco
Daily Territorial – A third offer to take copper miner Asarco out of Chapter 11 was filed last week in U.S. Bankruptcy Court in Corpus Christi, Texas, by New York City-based hedge-fund manager Harbinger Capital Partners. The $500 million reorganization […]
Barclays sees $50 billion hedge fund inflows this year
Reuters – Improving markets and a need to recoup 2008 losses will prompt investors to pour $50 billion (30 billion pounds) into hedge funds this year and slow redemptions, Barclays Capital said in a report on Tuesday. More than 300 […]
