Author Archives: the HedgeCo News Team
New Executive Director For Asian Hedge Funds
Joseph Chan has joined the Asia Hedge Fund Association as executive director, based in Hong Kong. His duties will include overseeing the organization’s membership, drive and promoting its mission as a platform for the investment industry. Chan has more than […]
AIMA Welcomes Financial Stability Forum
London 21st May 2007 – The Alternative Investment Management Association (“AIMAâ€Â) has warmly welcomed the Financial Stability Forum’s (“FSFâ€Â) report on potential financial system risks relating to hedge funds and its recommendations in relation to the ongoing supervision of hedge […]
Tudor and Highfields take big stakes in Motorola
Bloomberg- Tudor Investment and Highfields Capital Management bought Motorola shares in recent months, betting that the maker of mobile phones would return to profit and recoup lost market share. The purchase by the hedge funds of 46 million shares […]
Hedge funds may trip REpower deal
Economic Times- The competing takeover bids of Suzlon Energy and Areva of France for Germany’s REpower Systems are set to face difficulties with the hedge funds that own shares in the German company unlikely to sell to the two companies […]
InfoUSA responds to Dolphin hedge fund attacks
DMNews.com- InfoUSA Inc. has issued a statement rebutting a series of attacks by hedge fund Dolphin Limited Partnership and Don Netter. Dolphin Limited Partnership and Dolphin Financial Partners, which together own two million shares, or 3.6 percent, of infoUSA, recently […]
Hedge Funds Step Up Challenge to SEC on Disclosure
Reuters- Hedge funds and other investment firms have been busily filing quarterly public reports to regulators in recent weeks, offering rivals a window into top manager holdings that sometimes movesshares. But don’t look for any information from Bulldog Investors or […]
Funds bet Motorola will recover
Bloomberg- Tudor Investment Corp. and Highfields Capital Management LP bought Motorola Inc. shares in recent months, betting the cell phone-maker will return to profitability and recoup lost market share. Tudor’s purchase of 46 million shares in the first quarter made […]
Hedge Fund Legislation Could Require Real Estate Fund Managers to Register with SEC
On May 15, 2007, Senator Chuck Grassley (R- Iowa), the ranking member of the United States Senate Committee on Finance, introduced legislation in the United States Senate which would requireinvestment advisers of most hedge funds and other private investment funds […]
HEDGE FUNDS Lampert took big stake in Citigroup: SEC filing –
MarketWatch- Hedge fund manager Eddie Lampert has taken a stake valued at about $800 million in Citigroup Inc., a move that is driving up the stock and increasing speculation he may lead the charge for a break up. Lampert’s ESL […]
Merrill’s Kim Joins Exodus of Trading Executives to Hedge Funds
Bloomberg- Dow Kim, the second-highest-paid executive at Merrill Lynch & Co., is resigning to form a hedge fund, the latest top manager to leave an investment bank for the higher pay of running an independent trading firm. Kim, 44, is […]
Judge OKs $5M deal with NWA shareholders
Associated Press- Northwest Airlines overcame a major obstacle on its path to exiting bankruptcy Wednesday when a judge approved a settlement with a shareholder group that had opposed the carrier’s reorganization. Judge Allan Gropper approved the $5 million settlement at […]
Former SEC head urges hedge funds to self-regulate
Reuters- Hedge funds should establish a self-regulatory organization and avoid taking money directly from average investors to avert government scrutiny and a possible public backlash, a former headof the U.S. Securities and Exchange Commission said on Wednesday. In remarks to […]