Monthly Archives: June 2006
Huston Exploration Seeking Alternative to Jana Bid
WEST PALM BEACH, FL (HEDGECO.NET) – Jana Partners LLC, a hedge fund worth approximately $5 billion, was turned down in their proposal to acquire the remaining interest of 87.7% in The Houston Exploration Co for approximately $1.6 billion in cash. […]
Cazenove to Offer Retail Access
WEST PALM BEACH, FL (HEDGECO.NET) – Cazenove Capital Management is looking to launch retail access in September to its five hedge funds with a £1,000 minimum investment, four of which are closed to new investors. The usual entry investment is […]
Hedge fund managers rake in the bucks
Moneyweb – South Africa’s hedge fund industry is mushrooming, with assets under management more than doubling in the last 18 months to about R16,8bn. That number is expected to jump to R20bn by the end of the year and R30bn […]
Luxembourg finds its feet as a hedge fund centre
HedgeWeek – In its decade-long rivalry with Dublin as the main European centres for cross-border border investment fund services, it’s generally acknowledged that Luxembourg missed a trick by failing in the mid- to late 1990s to spot the potential importance […]
FSA increases focus on hedge fund activity, retail investment
Life Style Extra – The Financial Services Authority said it has increased the amount of data collected from hedge fund managers due to the significant proportion of London market equity volumes thatcan now be attributed to them. In the UK […]
Hedge fund UK’s biggest donor
BBC News – A hedge fund has emerged as one of the UK’s most generous philanthropists, says BBC business editor Robert Peston. Accounts just filed show the fund – The Children’s Investment Fund (TCI) – gave £50.4m to its charitable […]
Study Shows need for Improvement in Hedge Fund Risk Management
WEST PALM BEACH, FL (HEDGECO.NET) – The 2006 Financial Executive Report on Risk Management has found that companies are embracing the concept of enterprise risk management but continue to struggle with implementation. The national survey of financial executives shows room […]
Hedge Funds set to Profit from Mittal Steel Merger
WEST PALM BEACH, FL (HEDGECO.NET) – Luxembourg-based Arcelor on Sunday succumbed to a $33.65 billion takeover by Mittal steel, in what some call a hostile takeover, after rejecting the Rotterdam company’s June offer. The Arcelor Board of Directors, which consulted […]
Speed of hedge funds bodes well for healing
International Herald Tribune – After the mighty uproar in the stock and commodities markets lately, the best part of the story may remain to be told. It probably will not be as dramatic as the lightning-fast bear markets that […]
Players sue NFL in hedge fund case
Rocky Mountain News – Steve Atwater, the former Denver Broncos safety, and others have accused the National Football League and its players association of endorsing a fraudulent hedge fund managerwithout adequate background checks. The football players said in a June […]
Houston Exploration rejects hedge funds
Houston Chronicle – Houston Exploration has rejected a hedge funds’ offer to buy the company for $62 per share. In a written statement to Jana Partners, which owns 13 percent of the company’s shares, Chairman and CEO William Hargett said […]
Key Republican wants hearing on hedge funds
Washington Post – A senior Republican on the Senate Banking Committee said on Monday he wants hearings on how to protect investors in hedge funds now that the $1.3 trillion industry has freed itselffrom regulation by the Securities and Exchange […]