Monthly Archives: June 2006
Hedge fund forces NRG bid withdrawal
Bobsguide – The hedge fund Pirate Capital has forced US energy company Mirant to withdraw its hostile takeover bid for rival energy producer NRG Energy, after the fund – a Mirant shareholder – voicedits objection to the move. The hedge […]
Hedge funds, those hyenas
Moneyweb – Earlier this month, the European Central Bank (ECB) warned that hedge funds had created a “major risk†to global financial stability; for this, the ECB warned further, there were noobvious remedies. For the novice, hedge funds can best […]
Hedge Fund Indices Turned Red in May
TheStreet.com – The emerging-market crisis and the turmoil in global stock markets are spilling over into hedge funds, as evidenced by the poor hedge fund-performance numbersfor May that were released today. The Credit Suisse (CSR:NYSE – commentary – research – […]
SunGard’s FRONT ARENA Wins ”Buy Side Project of the Year”
Forbes – SunGard (http://www.sungard.com) today announced that The Banker, a leading global financial intelligence magazine has selected FRONT ARENA, (www.sungard.com/frontarena) as winner of ‘Buy-side Project of the Year’ for its successful on-time, on-budget implementation at hedge fund, Peloton Partners LLP. […]
When our Pension’s in a Hedge Fund should we worry or not?
American Reporter – Being a natural worry wart I clucked my tongue repeatedly when both the self-sanctified New York Times, and tv stock broadcasts alerted investors and general consumers tothe coming hedge fund train wreck. As with many of the […]
Hedge Funds and the Convergence of Market Results
New York Sun – What ever happened to noncorrelated assets? Modern portfolio theory suggests that investors should spread their funds among a wide variety of asset classes so that when one sector getshit, another may prosper. That seems like a […]
Amplitude Capital Selects Horizon for Cash Management Services
WEST PALM BEACH, FL (HEDGECO.NET) – Horizon Cash Management LLC, a leading cash manager for alternative investment funds, announced today that Amplitude Capital LLP, a London-based manager in trading electronic exchange-traded securities globally, has chosen the firm to provide comprehensive […]
First Urinetown. Now This?
Slate – Hedge funds, those investment vehicles for institutions and the very wealthy that have enjoyed explosive growth in recent years, are breaking out into popular culture. Early this year cameHedgehogging, a tell-some memoir by veteran Wall Streeter Barton Biggs. […]
Japanese Shares Will Rebound as Earnings Rise, Hedge Funds Say
Bloomberg – Japanese stocks will rebound from their biggest slump in almost five years because faster economic growth at home is boosting profits even as central banks raise interest rates globally, some hedge fund investors say. “Don’t worry about Japanese […]
Dreman Value Management LLC appoints new CFO/COO
Forbes – Dreman Value Management LLC (“Dreman” or “DMV”) a well-known Contrarian Value independent investment management firm with over $17 billion in assets under management is pleased to announce the appointment of Boris Onefater as Chief Financial Officer/Chief Operating Officer. […]
Canada’s hedge funds draw Wall Street attention
Reuters – Having built a portfolio that’s reached the $2 billion mark in just two years since its founding, Morgan Creek Capital is looking to overseas markets for new opportunities. The money management group is working to draw together a […]
Ex-KL trader ignored asset freeze
Palm Beach Post – In the latest twist in the saga of failed hedge fund KL Financial, head trader John B. Kim admits he defied a federal asset freeze by using money earmarked for investors to speculate on futures contracts […]