Tag Archives: mso


KBR and Halliburton to Pay $579 Million to Settle Charges

February 12, 2009 : Permalink

New York (HedgeCo.Net) – Halliburton and KBR, Inc. have settled with the Securities and Exchange Commission after allegations that KBR subsidiary Kellogg Brown & Root illegally obtained construction contracts in Nigeria by bribing government officials. KBR and Halliburton will pay […]

Ackman Paves Way for New Hedge Fund Management Moves

February 12, 2009 : Permalink

New York (HedgeCo.Net) – William Ackman, who runs hedge fund Pershing Square Capital Management, is letting clients withdraw as much of their investment as they please.  A vast change from the dozens of hedge funds who rushed to halt redemptions, […]

Wachovia to Buy Back Auction Rate Securities from Clients

February 6, 2009 : Permalink

New York (HedgeCo.Net) – Wachovia customers who invested in auction rate securities prior to their collapse will most likely get their money back.  The SEC announced a settlement yesterday with Wachovia Securities that will provide $7 billion in liquidity to […]

Obama Puts Foot Down, Caps Pay for Top Execs

February 5, 2009 : Permalink

New York (HedgeCo.Net) – As the Obama administration prepares to distribute the remaining $350 billion in the Troubled Asset Relief Program, a new requirement will ensure that the salaries of top executives be capped at $500,000 a year.  “For top […]

Daniel Och Increases Stake in Own Hedge Fund

February 5, 2009 : Permalink

New York (HedgeCo.Net) – Daniel Och, CEO of New York-based hedge fund Och-Ziff Capital Management, is showing his confidence in his company, racking up another 1.6 million shares. Och shelled out about $7 million between November 13 and February 2, […]

Och-Ziff Rallies in January, Posts Returns in all Hedge Funds

February 4, 2009 : Permalink

New York (HedgeCo.Net) – After a year when most hedge funds grudgingly reported month after month of losses, Och-Ziff Capital Management was happy to showcase their gains for January in a recent regulatory filing. The New York-based hedge fund reported […]