Monthly Archives: January 2009

Chrysler Rumored to be in Talks with Italian Automaker over Stake

January 20, 2009 : Permalink

New York (HedgeCo.Net) – Italian automaker Fiat S.p.A. may be interested in acquiring a stake in Chrysler that could help lift the U.S. automaker out of financial distress. According to an article published on autonews.com, Fiat may invest in a […]

Hedge fund industry could become the investment banks of the future

January 19, 2009 : Permalink

Times Online – Mark Twain said that visiting a fortune-teller “was just as good as going to the opera, and the cost scarcely a trifle more — ergo, I will disguise myself and go again”. But he was visiting a […]

Hedge Fund Peers Come to Merkin’s Defense

January 19, 2009 : Permalink

TheStreet.com – Two contemporaries rushed to the defense of hedge fund manager Ezra Merkin, who is reportedly being investigated by New York Attorney General Andrew Cuomo after his investors lost billions of dollars linked to disgraced money manager Bernard Madoff. […]

Battered Wall St tops Obama inaugural donors-study

January 19, 2009 : Permalink

Daily Monitor – Wall Street may be bruised and battered, but it still donated more money than any other U.S. industry to President-elect Barack Obama’s inaugural festivities on Tuesday, a study has found. The Center for Responsive Politics said executives […]

In Lieu of Bailout, a New Strategy

January 19, 2009 : Permalink

Atlanta Journal Constitution – Unlike the nation’s banks, hedge funds haven’t been lining up for government bailouts in the wake of losses they can’t handle. But the funds do share one Wall Street problem: a huge mismatch between the short-term […]

Reality of the Hedge Fund Industry in 2009

January 19, 2009 : Permalink

Seekingalpha.com – The tide has gone out for hedge funds. Many have indicated that they "feel" X% of the hedge fund industry will go under. Perhaps a little data and a crude stab at a model will improve a rather […]

Famed for piety, Jacob Merkin put faith and funds in Bernie Madoff

January 19, 2009 : Permalink

New York Daily News – Jacob Ezra Merkin was once revered as a wizard of Wall Street, an angel of charity and a lion of Judaic studies. Now he has earned infamy as a destroyer of wealth, a menace to philanthropy, a […]

Hedge funds fold

January 19, 2009 : Permalink

The Washington Times – Year after year, the hedge fund industry dazzled Wall Street by delivering "absolute returns" – outsized profits whether markets rose or fell. Using sophisticated trading models, the pools of managed capital made wealthy people wealthier with […]

Hedge Fund Shakes Up Chicago Sun-Times Board

January 19, 2009 : Permalink

New York (HedgeCo.Net) – Hedge Fund Davidson Kempner Capital Management has declared a proxy victory after replacing all but one of the board members of the Sun-Times Media Group. Davidson Kempner, who owns a 6% share in the parent company […]

Florida Hedge Fund Manager Missing Along with Investors Cash

January 19, 2009 : Permalink

New York (HedgeCo.Net) – Authorities are still searching for missing hedge fund manager and philanthropist Arthur Nadel after he vanished from his Sarasota home last week, while investors are searching for their $350 million they had tied up with him.   […]

HK Fund to team up with Paulson Hedge Fund in Offshore Launch

January 16, 2009 : Permalink

West Palm Beach (HedgeCo.net) – One of Hong Kong’s largest independent financial institutions, Sun Hung Kai Financial, is teaming up with hedge fund Paulson & Co, launching a distressed asset investment fund, according to a Reuters report. John Paulson will […]

Bankrupt Tulsa Execs Receive Over $3 Milllion in Bonuses

January 16, 2009 : Permalink

West Palm Beach – A pair of SemGroup LP executives are the only two administrators named to receive bonuses from both the bankrupt Tulsa company and its publicly held and struggling subsidiary, SemGroup Energy Partners LP, tulsaworld.com first reported Thursday. […]