Monthly Archives: March 2009
Investors profiting from — and fixing — the financial crisis
Newsday – The latest development in the mortgage market fomenting outrage in the streets and condemnation across the media spectrum is the spectacle of rich investors — Wall Street traders, hedge fund operators, even former executives of the detested Countrywide […]
Hedge Fund Manager Joins Water Reclamation Company
West Palm Beach (HedgeCo.net) – Long time hedge fund manager, Eric D. Pedersen has been appointed to the position of Chief Executive Officer and Chairman of the Board of Directors at fresh water reclamation company, STW Resources, Inc. Pedersen has […]
Cornell’s Walsh Cuts Hedge Funds to Reduce Endowment’s Costs
Bloomberg – Cornell University is cutting its hedge-fund holdings by as much as 25 percent to save on fees after its endowment tumbled last year, Chief Investment Officer James Walsh said. “We are de-emphasizing the hedge funds and more emphasizing […]
NAPF publishes ‘hedge funds made simple’
Politics.co.uk – The new guide, will be launched today at the NAPF Investment Conference in Edinburgh, provides a clear, easy to understand explanation of the main features of hedge funds as an investment for UK pension funds. As the role […]
Citadel’s New Hedge Funds
Seeking Alpha – Ken Griffin’s Citadel has plans to roll out a few more funds, even after Citadel’s flagship funds had a rough year in 2008. One will focus on currencies and interest rates, one will focus on stocks, and […]
Hedge Fund, Private Equity Titans Crowd Billionaire List
FINalternatives – The richest hedge fund manager in the world, clocking in as the 29th richest person in the world, is George Soros, whose $11 billion fortune actually increased during the difficult 2008. Joining him among the top 100 are […]
MBIA Debt-Guarantee Split Sparks Hedge Fund Lawsuit
Bloomberg – MBIA’s split of its bond- insurance business was challenged by hedge funds alleging the move hurts owners of about $240 billion of debt while benefiting stock investors, executives and some policyholders. The reorganization, in which MBIA stripped $5.4 […]
Children’s Investment Fund tops FII seller this year
MSN India – The Children’s Investment Fund Management and its affiliates have emerged as the single-largest seller of Indian stocks among foreign institutional investors (FIIs). The hedge fund registered its biggest annual loss in 2008. The fund is liquidating its […]
Craigslist: Fall Guy For Your Hedge Fund
The Consumerist – Humor – If you need a scapegoat for your financial ponzi scheme, there’s a guy on Craigslist who’s looking for a job: Is your hedge fund in dire financial straits? Are you totally screwed and now realizing […]
Hedge fund takes HSBC short position
Reuters – U.S. hedge fund Harbinger Capital is the first company to declare a short position in HSBC following the bank’s record rights issue, after making millions from a similar tactic with UK bank HBOS last year. Harbinger said in […]
Madoff faces 150-year sentence after guilty plea
Hindustan Times – Bernard Madoff, whose $50-billion fraud devastated individual and institutional investors worldwide, could spend the rest of his life in prison after pleading guilty later this week. In a court hearing Tuesday, defence lawyer Ira Sorkin said that Madoff would […]
HudBay CEO’s exit doesn’t quiet critics
ReportonBusiness.com – A group of dissident shareholders enraged over HudBay Minerals Inc.’s corporate missteps is pressing on with plans to oust the company’s board even after the resignation of the mining firm’s embattled chief executive officer. HudBay said yesterday that […]