Author Archives: the HedgeCo News Team
Mittal Hedge Fund aims for $500 million Scoop
WEST PALM BEACH, FL (HEDGECO.NET) – Kenneth Jeyaretnam, a player in the widely known Mittal takeover of Arcelor is about to launch his own hedge fund. He is the son of the leader of Singapore’ssocialist opposition, JB Jeyaretnam. The fund […]
Hedge Funds Return -0.60% in June; Up More Than +5.5% YTD
Forbes – The Greenwich-Van Global Hedge Fund Index returned -0.60% in June according to a preliminary report released today by Greenwich-Van Advisors, LLC, a leading hedge fund index provider. In comparison, the S&P 500, NASDAQ, Dow Jones Europe Stoxx Index, […]
Rite Aid Rises As Hedge Fund Buys Shares
MSN MoneyCentral – Shares of drugstore chain Rite Aid Corp. rose in midday trading Monday after hedge fund Tudor Investments disclosed it has been buying up shares, spurring investor speculationabout a restructuring, a recapitalization or a sale of the company. […]
Hedge Fund expert joins local financial firm
Cayman Net News – dms Management Ltd recently announced that Roger Hanson has joined the firm as Director, and said this would further strengthen the company’s high level of expertise asindependent directors of offshore hedge funds. A recognized leader in […]
Southridge Capital Management LLC Affiliate Acquires Double Alpha Group LLC
Ridgefield, CT and New York, NY – July 10, 2006- Southridge Capital Management LLC (“Southridgeâ€Â), an investment firm providing capital to growing enterprises internationally, is pleased to announce that a Southridge affiliate has acquired Double Alpha Group LLC (“Double Alphaâ€Â). […]
Court Dismisses Hedge Fund Lawsuit
WEST PALM BEACH, FL (HEDGECO.NET) – The Delaware Court of Chancery has dismissed a lawsuit brought by one of Highland Capital Management’s hedge funds seeking to force Motient to turn over its books and records for Highland’s inspection. Highland’s Select […]
Investigation into
WEST PALM BEACH, FL (HEDGECO.NET) – The head of the Bush administration’s task force on corporate crime is taking a strong stance on hedge fund regulation and investigation. Deputy Attorney General Paul McNulty said the potential for fraud in the […]
SEC Needs Lesson in Economics
CFO.com – Cynthia Glassman, a Republican Securities and Exchange commissioner who was appointed in 2002 and will not seek a second term, called for economically sound regulation in a speech beforethe National Economists Club in Washington, D.C., on Thursday. Glassman, […]
Activist hedge funds target Topps
National Post – A family fortune built on candy and trading cards, a brewing battle over control, scathing letters, a pile of surplus cash and speculation that even Warren Buffett could get interested. It has all the elements of a […]
How big-money hedge funds set the energy market alight
Business Online – THE New York Mercantile Exchange spied an opportunity when the Intercontinental Exchange (ICE.XX) closed its London trading floor in early 2005 and moved energy contract trading to computer terminals. Inspired by disgruntled ICE traders, famed for their […]
Schwarzenegger, hedge funds invest in California solar power
With the flip of a ceremonial switch, Microsoft Corp dedicated a half-acre of solar panels on its Silicon Valley campus, bringing California closer to Governor Arnold Schwarzenegger’s goal of 1mn solar roofs. That leaves about 980,000 to go. Schwarzenegger, 58, […]
The gilded cages of the hedge-fund Vanderbilts
Independent – Driving past a church, I notice people flocking to that morning’s event: a “patriotic singalong with ice cream”. I turn into the village high street, where old-fashioned, pith-helmetedtraffic cops stand at every intersection, in lieu of vulgar traffic […]