Monthly Archives: April 2009
Town sues Madoff, hedge funds over losses
The Associated Press – A Connecticut town is suing disgraced financier Bernard Madoff, his family and investment companies because its pension board allegedly lost millions in Madoff’s Ponzi scheme. The lawsuit seeking $75 million was filed Monday in Bridgeport Superior […]
BHP browsing, new bid for Rio doubtful
Alibaba News Channel – Fresh speculation has swirled about mining giant BHP Billiton resurrecting a takeover bid for rival Rio Tinto, but such a move is unlikely before Rio repairs its balance sheet. BHP, which has the most robust balance […]
Hedge fund industry accepts Obama oversight plan, but seeks more details, assured privacy
Hartford Courant – Hedge funds generally accept the Obama administration’s proposal to require managers to register with regulators, but want to ensure their information will be kept confidential when Congress acts, the head of the industry’s trade group said Tuesday. […]
Hedge fund Och-Ziff swoops on Premier Foods
Daily Telegraph – Market practitioners said Och-Ziff has bought around 4.3pc of Premier Foods and could imminently disclose its shareholding. Och-Ziff’s stakebuilding comes after Dupont Capital Management on Tuesday disclosed it had bought 2.3pc of Premier Foods. And after the […]
Register advisers, not funds-US hedge fund group
Reuters – U.S. hedge funds concerned about growing Congressional momentum to regulate their opaque $1.2 trillion industry said Tuesday they could live with requiring fund advisers to register, but not with requiring the funds themselves to be subjected to such […]
Porsche: The hedge fund that makes cars
This is Money – It’s known for its racy sports cars, but Porsche is fast building a reputation for its even racier punts on the shares of Volkswagen. The German producer of the 911 and Boxster cars yesterday revealed it […]
Obama: Bankruptcy May Be Best Option for GM, Chrysler
New York (HedgeCo.Net) – Just days after asking GM Chief Rick Wagoner to step down, President Barack Obama is suggesting that bankruptcy may be the automaker’s best chance at a successful restructuring, according to sources who spoke with Bloomberg News. […]
Seattle Scam Targets Church Members, Senior Citizens
New York (HedgeCo.Net) – The Securities and Exchange Commission has charged John H. Min and his company, Dime Financial Group LLC, in an investment scheme targeting churches and senior citizens. The Tacoma, Washington resident was accused of bilking over $6 […]
HedgeCo Networks LLC Secures Major Outside Investment from Inter-Atlantic Group
New York, NY (PRWEB) April 30, 2008 — HedgeCo Networks LLC has received its first major outside investment from Inter-Atlantic Group, a private equity firm specializing in the financial services sector. The capital will be used by HedgeCo to expand […]
New Atos directors backed by hedge funds
Financial Times – Two hedge funds besieging Atos Origin, the French computer services group, will support new directors proposed by the board even as they continue to demand the exit of several existing supervisory board members. Bernard Oppetit, chairman of […]
Hedge fund exec sues to get his bonus
The New York Post – A former hedge fund portfolio manager is suing his former employer claiming he was stiffed on his compensation at a time when he needed cash to care for his cancer-stricken son. Stephen Czech claims that […]
Och-Ziff founder earns $484.8m after flotation
The Telegraph – Hedge fund manager Daniel Och took home $484.8m (£242.4m) last year, largely as a result of the successful flotation of Och-Ziff Capital Management Group. The amount earned highlights the continued success of Mr Och, a former Goldman […]