Monthly Archives: March 2011
Tokyo Electric Investors May Be Wiped Out After Nuclear Crisis
Bloomberg – Tokyo Electric Power Co.’s shareholders may be wiped out by clean-up costs and liabilities stemming from the worst nuclear accident since Chernobyl. The company faces claims of as much as 11 trillion yen ($133 billion), if the crisis […]
Hedge Funds Pile Into Nikkei Futures
Business Insider – Hedge funds have been piling into the Nikkei since the sharp selloff in the wake of Japan’s disaster, according to data from Societe Generale. While these funds were not following what was an established trend at the […]
About that iPhone 5 delay
CNN – An Apple leak, hedge fund FUD or a false rumor out of the wild west of the blogosphere? Several Wall Street analysts finally caught on to the significance of Jim Dalrymple’s report in The Loop Monday that there would […]
Venezuelan workers caught up in Conn. Ponzi scheme
BusinessWeek – The fallout from the biggest white-collar federal prosecution in Connecticut is being felt a continent away in Venezuela, where the government had invested hundreds of millions of dollars from a state oil workers’ pension fund with a now […]
Citadel Said to Shut $200 Million Fund After Manager Leaves
Bloomberg – Citadel LLC, the $11 billion hedge fund run by Ken Griffin, is shutting one of its residential mortgage funds after Bill King, the portfolio manager, left the Chicago-based firm, according to three people familiar with the situation. King, […]
IMS Group calls time for compliance for US based hedge funds
Opalesque Exclusive – A timely reminder that the SEC deadline for hedge fund registration is creeping upon us comes from Jon Wilson, director of project consulting, at compliance consultancy and professional financial services firm, The IMS Group. Based in London […]
Activist hedge fund wins Ameron board seat
MarketWatch – Activist hedge fund firm Barington Capital Group won a seat on the board of industrial company Ameron International Corp. on Wednesday, ending a heated proxy battle that began more than a year ago. James Mitarotonda, head of Barington, […]
Warren Buffett’s Berkshire Hathaway rocked after heir apparent resigns
Guardian – David Sokol, long considered the most likely candidate to succeed the billionaire investor as the head of Buffett’s Berkshire Hathaway, resigned after purchasing shares in an oil company that he suggested Buffett should buy. But Buffett moved to scotch […]
Galleon Roundup: Inside Top Hedge Fund Manager’s Secret Emails
New York (HedgeCo.net) As the Galleon insider trading enters into its third week, jurors are hearing recordings of hedge fund billionaire Raj Rajaratnam’s wiretapped conversations and more of Rajaratnamn’s colleages are being named in the largest insider trading case in US history. Out […]
Hedge Fund Research: Secondary Market Continues to Rise
New York (HedgeCo.net) – The secondary market has seen the return of stability at the start of 2011, with February showing an increase in the average trade price for the second consecutive month, according to hedge fund market data provider, […]
Abu Dhabi Capital Management Launches Secondary Private Equity Fund
UAE – Abu Dhabi Capital Management has announced the launch of its first fund: the ADCM Secondary Private Equity Fund, which has a target size of USD 100 million. The Fund had its first closing of USD 30 million earlier […]