Tag Archives: june-14
MEPs launch attack on hedge funds
EurActiv – Hedge funds and private equity could be forced to abide by minimum capital requirement rules in future if a report adopted by an influential European Parliament committee becomes EU legislation. The Parliament’s Committee for Economic and Monetary Affairs voted on […]
RAB Capital Hedge Fund Chief to Step Down
New York (HedgeCo.Net) – Philip Richards, head of hedge fund RAB Capital, is stepping down and will be replaced with Finance Director Stephen Couttie, according to a statement made by the company yesterday. Richards ran the $1.4 billion Special Situations […]
Hedge fund Atticus loses more than $5 bln -source
Forbes – U.S. activist hedge fund Atticus Capital has lost more than $5 billion this year, a source familiar with the matter told Reuters, after its funds were hit by heavy falls in financial stocks. Atticus, a high-profile player in deals […]
Apollo’s Hexion rejects Huntsman shareholder plan
Guardian.co.uk – Four large hedge funds, all shareholders of Huntsman Corp, have proposed a plan to salvage a $6.5 billion buyout of the chemical company by a unit of Apollo Global Management. But Apollo’s Hexion Specialty Chemicals unit late Thursday […]
Premier hires ex-Thames River man Wright for Branigan fund
CityWire – Premier Asset Management has hired former Thames River hedge fund specialist Chris Wright to take control of the Premier Dividend Fund from Paul Branigan. Branigan, who also manages an absolute return growth mandate and is chief investment officer of Premier, is handing over to […]
Some option players hedge bets in Wells Fargo, SunTrust
Reuters – Some bearish option players are betting that Wells Fargo & Co and SunTrust Banks Inc could both lose as much as 10 to 15 percent of their current stock values by October options expiration. Nagging worries about the […]
Ore Hill Hedge Fund Halts Redemptions
New York (HedgeCo.Net) – New York-based Ore Hill has suspended investor redemptions after hefty withdraws set off an “automatic gate.” The $1.2 billion Ore Hill International Portfolio, which is partially owned by hedge fund giant Man Group Plc, was frozen […]
Hedge Fund Fraudster to Pay $300 Million Back to Investors
New York (HedgeCo.Net) – Paul Eustace, former head of Philadelphia Alternative Asset Management Company, has been ordered to pay back nearly $300 thanks to his fraudulent ways. According to a statement by the Commodity Futures Trading Commission, the Canadian resident […]
Hedge Funds Changing Investment Tack
Seeking Alpha – Sailors out there will know that boats can sail down with the wind – like a leaf being blown across the water – or into the wind at an angle, zigzagging back and forth along the way. Sailing downwind is easier […]
T. Boone Pickens Trades Oil With Both McCain & Obama
24/7 Wall St. – On Sunday, T. Boone Pickens issued a press release stating that he had met with Senator Obama in Reno, Nevada to discuss his energy plans. This follows the statement he issued Friday stating that he had […]
Turnberry Hedge Fund to Liquidate
New York (HedgeCo.Net) – Turnberry Capital Management LP has decided to close its doors and liquidate its assets, after many investors inquired about getting their money back. The hedge fund, which specializes in purchasing distressed debt, once held approximately $800 […]
Who Charges More – Mutual Funds or Hedge Funds?
Seeking Alpha – Pop Quiz: Which are more expensive, hedge funds or mutual funds? Sounds like a pretty dumb question, right? Well as regular readers will know, this question is actually central to our views here at AAA. Over two […]
