Author Archives: the HedgeCo News Team
UPDATE 1-Shell, hedge fund reach deal in merger court case
Reuters – A British hedge fund and Royal Dutch Shell (RDSa.L: Quote, Profile, Research) reached a settlement onTuesday in a court case challenging the procedure Shell chose to buy out minority shareholders in its former Dutch parent. The court case […]
Former hedge fund guru has 3 days to hand over gem stash
Haaretz – A Tel Aviv judge gave gem merchant Boaz Manor three days to deliver $11.6 million worth of precious stones and metals to his company’s receiver in Israel, or face arrest. Manor, known in better times as the hedge […]
Hedge funds hit by bid for Virgin Mobile
Telegraph.co.uk – Hedge funds are sitting on damaging multi-million pound losses after betting last month that Virgin Mobile was overvalued and that its share price would fall. Following disappointing results from Vodafone and gloomy high street sentiment, hedge funds sold […]
Dow Jones Newswires Adopts Industry Classification Benchmark
NEW YORK (December 14, 2005) Dow Jones Newswires, the leading provider of real-time news and information solutions for financial professionals, will adopt the Industry Classification Benchmark (ICB)as its classification standard for identifying industry groups in its news content starting on […]
US CREDIT – Some short weak links in housing market
Reuters – Credit investors are betting more and more that the weakest participants in the U.S. housing market may begin to falter as the Federal Reserve raises interest rates, market participantssaid on Monday. Many hedge funds in recent months have […]
Hedge Funds Will Never Outgrow This Hulking Beast: Chet Currier
Bloomberg – Quick now, which investment vehicle is growing fastest here in the mid-’00s? a) hedge funds; b) exchange-traded funds; c) mutual funds. Answer: c) mutual funds, hands down. And no, that’s not a trick question. While hedge funds and […]
Morningstar buying Ibbotson
Chicago Sun-Times – Uniting two Chicago-based brands familiar to different segments of the investment world, Morningstar said Monday it will buy Ibbotson Associates for $83 million in cash. Ibbotson sells advice on asset allocation mostly to institutions and financial advisers […]
Hedge fund challenges Royal Dutch Shell in court
Reuters – A British hedge fund is challenging in court the procedure chosen by oil giant Royal Dutch Shell (RDSa.L: Quote,Profile, Research) to acquire theremaining 1.5 percent of shares in its former Dutch parent as part of its unification. The […]
Hedge funds impose longer lock-ups for investors
Reuters.uk – Hedge fund investors are being asked to tie up their money for longer, sometimes up to five years, to match the longer duration of investments in areas such as private equity. Traditionally, hedge funds have handcuffed investors for […]
Judge says no to proposed hedge-fund rule
The Securities and Exchange Commission’s plan to force hedge-fund advisers to register with the agency “doesn’t hold up,” a U.S. Appeals Court judge said Friday. Judge Harry Edwards, one of three judges hearing arguments in a lawsuit against the regulations […]
$5 Billion Hedge Fund Gets Clipped
The $5 billion hedge fund Millennium Partners, led by storied investor Israel A. Englander, reached a $180 million settlement today with New York Attorney General Eliot Spitzer and the Securities & Exchange Commission to settle charges of elaborate mutual fund […]
SEC hedge fund rule
WASHINGTON, Dec 9 (Reuters) – U.S. appeals court judges on Friday in open court questioned the legal basis of a new Securities and Exchange Commission rule that will force hedge fund advisers to register with the agency. Two judges of […]