Monthly Archives: April 2006
Hedge funds still seen holding 15 pct of Daimler
Reuters – DaimlerChrysler (DCXGn.DE: Quote, Profile, Research) believes hedge fundsstill control roughly 15 percent of the shares in the U.S.-German carmaker, the company said on Thursday. “I have no information that it changed. I think it sticks more or less […]
T Bailey to pay off fixed costs for new investors
CityWire.co.uk – Multi-manager specialist T Bailey is to pay the fixed costs of its new Cautious Managed fund to ensure early investors are not penalised by their impact while the fund gains critical mass. Fixed costs on the new fund […]
Frontrunner: more FoF launches set for crowded market
CityWire.co.uk – The crowded fund of funds (FoF) market is to welcome more new names as a host of firms examine fund launches in the area, Citywire has learned. At least three companies have preliminary sketches on the drawing board. […]
Lay Is Pressed on Hedge Fund Conspiracy
New York Times – Prosecutors attempted this morning to pick apart the assertion of Kenneth L. Lay, Enron’s former chairman, that hedge funds were part of a “conspiracy” thatcaused Enron’s downfall in 2001, as the government’s cross-examination of Mr. Lay […]
Hingham pair starts reduced-risk fund for smaller investors
Patriot Ledger – For years, Brian Hlidek had a hard time finding a mutual fund for his clients that would help them reduce their investment risks the way a hedge fund would. Finally, the Hingham resident decided the best solution […]
Hedge Fund Battles to win Topps
New York Post – A feisty hedge fund has revived its battle for control of Brooklyn-based Topps, after the legendary maker of baseball cards and Bazooka gum failed to sell itself lastyear. Pembridge Capital Management, which owns 1 percent of […]
Young hedge funds make best returns
Reuters.uk – Hedge funds within the first two years of doing business tend to chalk up higher returns than older funds, which is a key factor for clients to watch, a senior industry figure said onWednesday. “There does seem to […]
CME Live Cattle Futures Register Open-Interest Records
CattleNetwork.com – Commercial accounts, trend-following funds, inflation-hedge positions and active spread markets all contributed to back-to-back record-high Chicago Mercantile Exchange livecattle futures open interest early this week, according to traders and analysts. “The general increase in commodity futures market […]
Hedge Funds Take Aim at Nabi
Street.Com – David Knott and Daniel Loeb are becoming quite a tag team when it comes to small, distressed pharmaceutical companies. Last fall, the two hedge fund managers joined forces, or at least their shares, to push for changes in […]
Pension funds sign pact to ensure ethical investment
Financial Times – Pension funds worth more than $2,000bn will commit themselves on Thursday to the first global charter placing environmental, social and governance (ESG) standards at the core oftheir investment strategies. The 32 funds from six continents include some […]
Massey Energy & Third Point LLC
WEST PALM BEACH, FL (HEDGECO.NET) – Third Point LLC has filed a report with the U.S. Securities and Exchange Commission on Monday stating that Massey Energy should be held responsible for its history of poor management guidance and weak stock […]
Hedge Fund Insider Trading at SunSource
WEST PALM BEACH, FL (HEDGECO.NET) – The Securities and Exchange Commission filed suit on Tuesday against hedge fund manager Nelson Obus. Mr Obus manages about $400 million as founder and managing partner of Wynnefield Capital Inc. The lawsuit filed in […]