Author Archives: the HedgeCo News Team
Private equity firms sell pounds 700m Yell stake
APAX PARTNERS and Hicks, Muse, Tate & Furst, the private equity funds, sold their remaining stake in Yell, the Yellow Pages directories group, last night, more than doubling their investment injust over two years. A rapid 90-minute share placing by […]
The Philadelphia Inquirer Andrew Cassel Column
Jan. 7–Many charming localisms adorn the speech of Philadelphians: “down the shore,” “cheesesteak ‘wit’ ” — ordinary words or phrases that have special meaning when we say them here. And I’ve just discovered a new one. Turns out the words […]
The Boston Globe Downtown Column
Jan. 7–We honor all kinds of people, and why not? There is no shortage of good work being done. There are Nobel Prizes for those who have done extraordinary work in the sciences, medicine, and economics, and Pulitzer Prizes for […]
Bookies take a pounding as dollar dive threatens to pick up speed ; City Trader
LONDON businessman Nicholas Gentilli has noticed the pound’s surge up to more than $1.80 against the US currency in recent weeks, and is intrigued by it. “My experience is of the exchange rate in the $1.40s, not the $1.80s,” he […]
Black under pressure to give up Hollinger chair
EMBATTLED Press baron Lord Black is facing mounting pressure from members of Hollinger International’s star-studded board to resign as chairman. Black quit as chief executive of the US newspaper group in November after an internal probe revealed that he and […]
Will Viking bank raider finally carry off Singer?
COULD this be the year that Singer Friedlander finally loses its independence? It has stood firm for years while many of its UK merchant banking rivals were picked off by foreign predators. Dealers believe the day is fast approaching and […]
Dollar drops to new depths
AS America’s political and business leaders take their New Year break on the ski slopes of Colorado, they might see a small but growing mass of snow approaching. This is the falling dollar, whichcould become an avalanche. It slumped nearly […]
Janus, Putnam bear big losses
Just because a mutual fund company has been implicated in the rapidly expanding trading probe doesn’t mean its funds are laggards. The performance of scandal-tainted mutual funds last year was all across the board. Even within many of the fund […]
Dollar spikes against yen after touching new 40-month low in Tokyo+
TOKYO, Jan. 6 (Kyodo) — The U.S. dollar spiked against the yen in late Tuesday trading in Tokyo after hitting a new 40-month low here close to the 105 yen range while it plunged to a record lowagainst the euro. […]
Oil price could keep bubbling if dollar stays weak
LONDON: Further falls in the sickly dollar’s value could keep oil prices bubbling this year, spurring fresh moves by hedge funds into commodities markets and reinforcing the OPEC cartel’sdetermination to hold levels firm, analysts said. The dollar-oil relationship emerged as […]
Britannic puts down marker for Abbey National Asset Managers; Deal with life assurance-to-investments group would keep (pounds) 28bn of funds in Glasgow
BRITANNIC is extremely keen to acquire Abbey National Asset Managers – sources familiar with Britannic revealed yesterday – raising hopes that ANAM’s (pounds) 28bn of funds could stay in Glasgow. Abbey National is universally expected to abandon ANAM, either by […]
Black got special deals, lawsuit says
The board of Hollinger International repeatedly approved deals that benefited Conrad Black, its chairman, and other company executives without independent analysis, opinions on fairness or extensivediscussion of the rationale behind them, according to a lawsuit filed by a major Hollinger […]