Monthly Archives: June 2007
Biomet Hedge Fund Buyout
West Palm Beach (HedgeCo.net)- The Board of Directors of Biomet Inc. announced that it has unanimously recommended to shareholders to accept an increased offer from hedge funds in a private equity consortium to acquire Biomet for $46.00 per share in […]
Kassirer Hedge Funds Up for May
West Palm Beach (HedgeCo.Net)- Canadian hedge fund Kassirer Market Neutral Limited Partnership announced today that earnings were up 1.08% in May 2007. “Deal flow remains buoyant reflecting low interest rates, low debt default rates, easy financing, and the ubiquitous private […]
As Money Pours in, Hedge Funds Come to Look More Like the Markets
New York Times- “We are somewhere between the third and fifth inning in the growth of assets invested in alternative strategies,†said Todd Builione, a managing partner at Highbridge Capital Management, a $15.7 billion hedge fund that is majority owned […]
Gamble or risk control? Islamic hedging row rages
Reuters- Demand for hedge funds and for Islamic finance is booming, which makes a hedge fund that complies with Islamic law the holy grail for fund managers who want to tap huge liquidity in the Gulf. But most Islamic finance […]
Hedge funds push for TD Ameritrade merger
Financial News Online US- Two hedge funds are pushing for Canadian online broker TD Ameritrade to merge with a rival in the latest demonstration of investor activism. Jana Partners and SAC Capital want TD Ameritrade to merge with online broker […]
Managed Funds Association Hires Carl Kennedy, Legal Counsel
HedgeCo.net – WASHINGTON, D.C., June 7, 2007 — Managed Funds Association (MFA) today announced that Carl Kennedy has joined the Association as legal counsel. Mr. Kennedy comes to MFA from Ballard Spahr Andrews & Ingersoll, LLP in Washington, DC, where […]
Finance Leaders Sending GAO Investigators to Check Out Cayman Office Building
Hedgeco.net – U.S. Senators Max Baucus (D-Mont.) and Chuck Grassley (R-Iowa), Chairman and Ranking Republican Member of the Senate Finance Committee, are asking the Government Accountability Office (GAO) to investigate a five-story Cayman Islands building listed as the address of […]
Zell’s Tribune LBO Runs Into Hedge Funds Seeking Bond Default
Bloomberg- Sam Zell’s agreement to buy Tribune Co., the publisher of the Los Angeles Times and owner of the Chicago Cubs, prompted three hedge funds to seek profits in the fine print of $1.26 billion of bonds. It’s a tactic […]
Bear Stearns falters serving hedge funds – Leading The Charge
Associated Press- Bear Stearns Cos. may find it easier to overcome the acute pain of subprime mortgages than the more chronic ache of its eroding prime brokerage business. “Bear Stearns has missed out on the recent growth in the hedge […]
Man Group to expand in distressed investments
Reuters- Man Group, the world’s largest listed hedge-fund company, plans to expand its investments in distressed companies, Chief Executive Peter Clarke said on Wednesday. “We are looking for people in distressed,” Clarke told Reuters. “We view distressed as an area […]
Stonebrook Capital launches first alternative beta product in fund format
HedgeCo.net – NEW YORK, June 6, 2007 – Stonebrook Capital Management, LLC, (“Stonebrook”), a leading alternative investment firm specializing in Alternative Beta solutions, today announced the launch of an Alternative Beta strategy in a fund format – the first of […]
Skylight Comes In At #1 For Real Estate Hedge Funds
West Palm Beach (HedgeCo.Net)- Pacific Continental Fund Management’s Skylight Capital Build-Up fund has come first in a ranking of real estate hedge funds for Sharpe ratio over the past 36 months and third for compound annual return. The Barclay Group’s […]