Monthly Archives: March 2008
Hedge funds are stuck
Globe and Mail- TransAlta is one of a growing list of Canadian companies that feature activist shareholders that took positions in a different era, and now face a world of pain as they contemplate heading for the exits. A number of hedge […]
How Sulzberger beat the hedge funds at their own game
CNNMoney.com- It seemed too easy. Two months ago, a pair of little-known hedge funds informed the New York Times that they were mounting a campaign to elect four directors to the company’s board. Monday, the nation’s most powerful newspaper publisher capitulated […]
Subprime Eyed by Blackstone, Goldman for Contrarian Hedge Funds
Bloomberg- Hedge fund manager Steve Moyer joined 4,000 realtors and bargain hunters at a five-hour Southern California housing auction in February. As the tuxedoed barker peddled foreclosed homes for hundreds of thousands of dollars below their previous sale prices, Moyer […]
Shorts sweet for funds
Melbourne Herald Sun- LEADING fund managers yesterday defended the practice of short selling locally listed banks and other blue chip stocks. They insisted it was a legitimate way of generating returns in a bear market The Australian Council of Superannuation […]
NE Chapter of Hedge Fund Association to Present Emerging Marketplaces
Boston – March 18, 2008 – The Hedge Fund Association is pleased to present Emerging Marketplaces with speakers Kirk Inglis, the CFO of Prosper and Justin A. Brownhill, the Co-founder and CEO of The Receivables Exchange. Generously sponsored by Fidelity […]
Thousands Face Redundancy as Bear Stearns’ New Owners Look for Cuts
Times Online – Department heads from JPMorgan Chase yesterday began redundancy talks with their counterparts at Bear Stearns after securing a rescue deal late on Sunday evening to buy the bank for 6 per cent of its value last week. […]
The Aftermath – Bear Stearns’ Biggest Losers
West Palm Beach (HedgeCo.Net) – It took merely minutes for one of the biggest collapses in Wall Street history to unfold. Bear Stearns, who was rocked by the subprime mortgage crisis and the resulting $3 billion in write-offs that followed, […]
Threadneedle Launches Asian-Focused Hedge Fund
FINalternatives- U.K. asset manager Threadneedle has launched its first Asian-focused hedge fund to complement the firm’s nine other hedge fund offerings. The new vehicle, the Threadneedle Asia Crescendo Fund, is being managed by Jan de Bruijn. According to de Bruijn, […]
Funds swoop on farmland as commodities boom
LONDON (Reuters)- Investment bankers often aspire to be gentlemen farmers, but now farming could soon become their day job. Soaring agricultural prices, growing demand for biofuels and the growth of the Chinese and Indian economies are leading top global investment […]
San Francisco 49ers Participate In Hedge Fund Drive to Raise Funds For Children
West Palm Beach (HedgeCo.Net)- Hedge Funds Care is sponsoring yet another "Open Your Heart to the Children Benefit", this time including the San Francisco 49ers. The Co-Owner, John York, will join current 49ers players and coaches including Head Coach Mike […]
Hedge Funds `Defend Vigorously` Disclosure Rights
West Palm Beach (HedgeCo.Net)- Hedge funds Children’s Investment Fund Management (TCI) and 3G Capital Partners reponded to a lawsuit yeasterday, saying the CSX filing was "without merit". “It is unfortunate that CSX has chosen to manipulate the governance and Board election […]
Hedge funds win seats on New York Times board
Guardian- Two hedge funds have secured seats on the board of the New York Times Company after a lengthy battle with the paper’s controlling Sulzberger family. Harbinger Capital Partners and Firebrand Partners originally demanded four seats, but their win is […]