Author Archives: the HedgeCo News Team
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Openwave Shuts Out Hedge Fund
Business Week- Openwave Systems, dogged by sliding sales and a steady stream of red ink, has nonetheless attracted a suitor. But the communications software and services provider stiff-armed hedge fund Harbinger Capital June 5, recommending that its shareholders reject Harbinger’s […]
London hedge fund scours Japan for more deals
Reuters- The Children’s Investment Fund (TCI) is scouring Japan for more deals but sees its struggle to raise the dividend at Japanese electric power wholesaler J-Power as a test case for furtherinvestment, a TCI executive said on Monday. TCI also […]
Hedge Funds Investing in China’s Energy Crisis
West Palm Beach (HedgeCo.Net)- According to an 18-month investigation by StockInterview’s research team, China is facing an energy crisis of epic proportions. Hedge funds such as SAC Capital, Citadel Associates and Renaissance Technologies have bought shares in companies which are […]
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 […]