Monthly Archives: March 2011
Activist investors eye bumper 2011 as market improves
City AM – Hands-on investing is on the rise. It is not just hedge funds – increasingly, all shareholders are being encouraged to be more assertive. This year has started well for activist investors, those outspoken stake-builders that push boards […]
Top hedge funds’ fresh commodity bet: plastics
Reuters – That well-known line from the classic 1967 movie “The Graduate” may sum up the recent investment strategy of some top hedge fund managers, including James Dinan and David Einhorn. A wave of managers snapped up shares of LyondellBasell […]
Hedge funds head for Malta to escape regulation
FT – Some of London’s biggest hedge fund managers are shifting their operations to Malta in response to both the rising costs of business and the growing regulatory burden in the UK. The Mediterranean island is emerging alongside traditional rivals to […]
Top funds sell some Apple, Google
Reuters – Nervous analysts have worried for years that the stellar stock prices of technology giants Apple Inc and Google Inc could tumble back to earth. Now some top hedge fund managers like Steve Mandel and Lee Ainslie appear to be […]
Goldman CEO to Testify at Rajaratnam Trial
TheStreet – Goldman Sachs CEO Lloyd Blankfein will testify for the U.S. government at the coming trial of hedge-fund manager Raj Rajaratnam, The Wall Street Journal reported, citing people familiar with the matter. The Securities and Exchange Commission has charged […]
NY Knicks: Hedge Fund vs. Private Equity All-Star Game
New York (HedgeCo.net) – Over 100 leaders from the Wall Street community are planning to join New York Knicks legends, corporate sponsors, and high school students for an exciting charity basketball tournament hosted by Youth, I.N.C. (Improving Nonprofits for Children). […]
UCITS Index gains +0.40% in February
New York (HedgeCo.net) – After the loss taken in January the UCITS Hedge Fund Strategy Index reported positive numbers again for February 2011. This was due to a very strong start into the month, as after the first week of trading […]
NYC Police fund picks Permal for first hedge fund investments
Global Pensions – New York City’s police pension hired Permal Group to invest in hedge funds, choosing the Legg Mason unit over firms including Blackstone Group. The Board of Trustees of the New York City Police Pension Fund voted yesterday […]
Courtroom showdown in sweeping U.S. trading probe
Reuters – A sweeping insider trading case that shook the hedge fund world is finally set for trial, with onetime billionaire Raj Rajaratnam fighting to stay out of prison in a courtroom drama over corporate secrets, tapped telephones and friends-turned-government […]
Family Dollar Tells Hedge Fund: Shop Somewhere Else
NPR – Family Dollar’s board of directors has unanimously rejected a takeover bid from a New York hedge fund. The offer from the Trian Fund had put the Charlotte-based company’s value at $6.99 billion. The discount retailer’s stores have thrived […]
The deep weirdness of some hedge fund interviews
eFinancial Careers – If you interview at an investment bank, you may be asked weird questions. If you interview at a hedge fund, the chances of this happening are higher. Last year, research conducted by eFinancialCareers in the US concluded that […]
Hedge funds could clip News Corp’s bid for BSkyB
The Telegraph – Just like a plotline from a Sky drama, there’s an intriguing twist in the battle for BSkyB. The chief opponent of News Corporation’s bid to buy BSkyB is hedge fund manager Crispin Odey – who is also […]