Monthly Archives: March 2008
Vaalco shareholder calls for sale of company
Reuters- The largest institutional shareholder of Vaalco Energy Inc has delivered a letter to the oil and natural gas company’s board calling for the evaluation of strategic alternatives, including a sale of the company. Nanes Delorme Partners said in the […]
BlackRock plans listed fund of hedge funds launch
Reuters UK- U.S. money manager BlackRock said on Tuesday it is planning to launch a London-listed closed-end fund of hedge funds that will offer exposure to its $11 billion (5.5 billion pound) Appreciation Strategy. BlackRock Absolute Return Strategies is expected […]
Hedge funds complain about lenders getting stingy
Reuters- U.S. hedge fund managers Ron Beller and Geoffrey Grant whose two funds recently collapsed blamed bankers for some of their troubles. Lenders, who once helped the pair finance new investments, now wanted the money or assets back, Beller and […]
Bank crackdown sends hedge funds scrambling
Houston Chronicle- The hedge-fund industry is reeling from its worst crisis in a decade as banks are now demanding more money pledged to support outstanding loans even when the investment is backed by the full faith and credit of the […]
Hedge Fund Ads Turn into Constitutional Issue
(Seeking Alpha) – Phillip Goldstein is at it again. The guy who single-handedly vacated the SEC’s hedge fund regulation rule has now threatened to sue his arch nemesis if it doesn’t lift its ban on hedge fund advertising immediately. According […]
Hedge fund Laxey violated Swiss law: regulators
NEW YORK, March 10 (Reuters) – Activist British hedge fund Laxey Partners breached Swiss law in acquiring a 22.89 percent stake in Swiss construction company Implenia AG (IMPN.S: Quote, Profile, Research) without properly disclosing it, the Swiss Federal Banking Commission […]
Charming Shoppes Inc. Suing Two Hedge Funds
Two hedge funds are being sued by Charming Shoppes Inc., after they allegedly used shady tactics to nominate 3 members to the board of the company. The plus-size clothing retailer is accusing Crescendo Partners and Myca Partners of filing “misleading […]
Hedge Fund Under Record Attack For Discrimination
West Palm Beach (HedgeCo.Net)- Gill Switalski, a city lawyer and head of legal affairs at F&C Asset Management is talking to lawyers about a record compensation payout of £13.4 million ($27 million). The mother of 2 special needs children had to leave her career […]
JGBs climb as market tumoil hits hedge funds
Reuters, TOKYO- Japanese government bonds jumped on Monday and the five-year yield hit a 2-1/2-year low on spreading turmoil in global credit markets that has sent investors and hedge funds scrambling to unwind losing positions. JGBs were underpinned by U.S. […]
Paulson & Co hedge funds surge on trading gains
Reuters- Paulson & Co, the hedge fund group that quadrupled in size last year on the back of the credit crisis, is surging again this year in all three of its major strategies, the firm said. The firm’s performance, disclosed […]
Citigroup Acts to Bolster Hedge Funds
New York Times – Citigroup, the banking giant, moved Monday to shore up six of its hedge funds pressured by a tightening in the municipal bond market, the newest problem to entangle the struggling company. The bank has committed to […]
Baer Cap to launch two India-centric hedge funds
Business Standard- Dubai-headquartered Baer Capital Partners is planning to launch two India-dedicated hedge funds this year despite the bearish sentiment ruling the bourses since January-end. The two funds – Beacon India Opportunities Fund with a corpus of $400 million […]