Monthly Archives: January 2013
Newt’s new gigs, following the Sandy money, and hedge-fund matchmakers
Reuters – One of my favorite side stories of last year’s presidential campaign had to do with the details that emerged about all the money Newt Gingrich had been making in recent years from speeches, books and lobbying (which he […]
Hedge Funds Moving To Florida
New York (HedgeCo.Net) – Tired of New York’s high city and state tax rates, the New York Post reports that some hedge funds are moving to Florida’s Palm Beach County. “You weigh all of the benefits for being here to […]
‘Wall St.’ flees NY for tax-free Fla.
NY Post – The city’s hedge-fund executives are flying south — and it’s not for vacation. An increasing number of financial firms, especially private equity and hedge funds, are fed up with New York’s sky-high city and state tax rates […]
Rothschild reports Bumi hedge funds to Panel
Telegraph – The scion of the banking dynasty has informed the Panel, which adjudicates in the matter of such City disputes, that he believes Route One and Orchard Capital are connected to the Indonesian family, which, with linked investors, already […]
A Hedge Fund Dogfight, Live, Mesmerizes Wall Street
Dealbook – For a half-hour on Friday afternoon, the eyes of Wall Street were not on the usual fixations, like the fiscal talks in Washington, or Apple’s earnings or a potential takeover of Dell. Instead, they were turned to the […]
Agrium goes on offensive to fight off activist Jana
Financial Post – After absorbing months of pointed criticism, Mike Wilson is finally going on the attack. On Monday, Agrium Inc. will launch an offensive against activist hedge fund Jana Partners LLC, which has proposed five dissident board members for […]
State pension board made expensive bet on hedge funds
Philly.com – Back in 2006, the Pennsylvania State Employees Retirement System (SERS) and its board, headed by ex-state Rep. Nicholas Maiale (D., Phila.), gave more than $3 billion to six private investment firms so they could use it to buy high-priced hedge fund investments, […]
Hedge Funds Boost Bullish Bets by Most Since July: Commodities
Bloomberg – Hedge funds increased bullish commodity bets by the most in six months as accelerating growth from China to the U.S. boosted prices for a seventh week. Speculators raised net-long positions across 18 U.S. futures and options by 11 percent to 758,048 […]
Compuware to hedge fund: Software biz is not for sale… at that price
The Register – After a little more than a month of careful consideration, systems and application performance management software maker Compuware has told Paul Singer, who runs the Elliott Management hedge fund, that he can keep his $2.3bn and that […]
The January 2013 Eurekahedge Report: Industry Assets Grew by $64.5 Billion
New York (HedgeCo.Net) – January’s The Eurekahedge Report, places the spotlight on the North American hedge funds sector which has delivered returns of 54.25% since the financial crisis, gained nearly US$50 billion in 2012 and currently stands at US$1.2 trillion. […]
Appleby boosts funds and finance capability with arrival of Ian Gobin
Appleby’s Cayman office has added further strength to its global funds and finance teams with the appointment of funds and finance heavy hitter, Ian Gobin, to its Cayman practice. Ian is returning to the Cayman Islands, having spent eleven years […]
Insider Trading: California Hedge Fund Founder Gets 2 Years Behind Bars
New York (HedgeCo.Net) – San Francisco hedge fund founder Doug Whitman was sentenced yesterday to two years behind bars after a conviction on securities fraud and conspiracy charges. Whitman Capital, the hedge fund he had presided over had about $100 million in assets. […]