Monthly Archives: June 2011
Obama Seeks to Win Back Wall St. Cash
NYT – A few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House’s Blue Room. The guests were asked for their thoughts on how to speed […]
Huston Hedge Fund Manager Convicted For Fraud
New York (HedgeCo.net) – Houston-based hedge fund manager Adley H. Abdulwahab, was convicted over the weekend by a federal jury for his role in a $100 million hedge fund fraud scheme with more than 800 victims across the United States […]
Brazilian hedge funds trounce competition
Washington Post – They arrive every week, in ones and twos and groups of 10, some of them coming straight from Sao Paulo, Brazil’s international airport. These investors head for the dark-wood halls of Credit Suisse Hedging-Griffo as supplicants, asking […]
Cayman to tax, regulate hedge funds
Opalesque – The government of the Cayman Islands on Friday announced a new taxation system for certain “master fund” hedge funds that are registered in the country, and at the same time, vowed to regulate the sector through the Cayman […]
Hedge Funds Stalk Yankee Stadium Parking
Hedge funds specializing in distressed debt are buying municipal bonds backed by parking lots and garages at the new Yankee Stadium, which face a payment default as soon as next year, according to two people familiar with the purchases. Monarch Alternative […]
UCITS Hedge Fund Strategy Index loses -0.26% in May 2011
New York (HedgeCo.net) – The UCITS Hedge Fund Strategy (HFS) Index continues it’s up and down performance in 2011 and reports a loss of -0.26% in May. After a loss of -0.21% in the first week of trading the broad […]
Katia Coudray Cornu appointed Head of SYZ Fund Research
The Swiss banking group SYZ & CO announced today the appointment of Katia Coudray Cornu as Head of SYZ Fund Research, its funds analysis and manager-selection department. The mission of SYZ Fund Research is to identify new themes and emerging […]
Paulson Push for Lehman Trades Disclosure Meant to ‘Intimidate,’ Banks Say
Bloomberg – Hedge fund Paulson & Co.’s bid to force Lehman Brothers Holdings Inc. creditors to disclose trades in the defunct firm’s debt is a “fishing expedition” meant to “intimidate,” according to debt holders such as Bank of America Corp. […]
From Hedge Funds to Lady Gaga
BusinessWeek – In 2008, hedge fund manager Matthew Michelsen received the phone call that would change his life—from 50 Cent. Actually, the rapper and energy drink mogul was calling to speak with Michelsen’s wife, Jenny, about investing in her 3D […]
Philosophy of a vulture fund
Irish Times – Manhattan-based lawyer Mark Brodsky named his hedge fund after the Roman emperor Marcus Aurelius, a Stoic philosopher. He set up the fund in 2005 but Brodsky fine-tuned his skills as a distressed debt investor over nine years […]
Investor buys more Family Dollar stock
Charlotte Observer – A prominent hedge fund investor has increased his stake in Family Dollar Stores Inc. and is now the Matthews-based company’s largest shareholder, according to filings Thursday with the Securities and Exchange Commission. Bill Ackman, chief executive of hedge fund […]
Eisman Planning to Start Own Fund After FrontPoint Departure
Bloomberg – Steven Eisman, the investor known for betting against for-profit schools and subprime mortgages, is leaving FrontPoint Partners LLC and plans to start his own firm, according to two people briefed on the matter. His FrontPoint hedge funds, Financial […]