|
Acting in Concert
Source: The Wall Street Journal Online
The German cabinet this week approved a bill to "limit the risks
associated with financial investments." This bit of economic
engineering doesn't seek to limit the risks for investors, a
dubious proposition in a free market. It does something far more
pernicious by shielding managers from pressure from
shareholders, a.k.a. their bosses.
More...
Hedge fund Fursa seeks to
oust 2 Erinaceous execs
Source:
Reuters UK
Hedge fund Fursa has requested a meeting of Erinaceous Group's (ERGP.L:
Quote, Profile , Research) shareholders to demand the removal of
two executives from the board of the troubled British property
services firm.
More...
Hedge funds make effort to shed light on holdings
Source: Business Report
South Africa's hedge fund industry is finally heeding the call
to become more transparent, according to a recent study.
Globally, hedge funds - investment vehicles that seek to beat
the market in all conditions, using the full arsenal of
financial instruments - have been viewed with suspicion, largely
due to their use of debt and poor disclosure of their
activities. More...
Hedge Fund’s Wings Clipped In Delta Battle
Source:
FINalternatives
A hedge fund’s effort to restrict what bankrupt Delta Air Lines
can do just won’t fly, a judge has ruled.
Contrarian Capital Management and six other investment firms
holding unsecured claims against a Delta subsidiary had sought
to limit the airline’s ability to change financing deals on its
aircraft. The claimants complained that a settlement between
Comair and the financiers of 37 of its aircraft boosted
unsecured claims against the company from $800 million to $1.05
billion.
More...
National Call for Nominations Now Open for the 2008 Best Hedge
Funds to Work For Award
Source:
eMediaWire
Quantum Market Research is seeking nominations for the
first annual "2008 Best Hedge Funds to Work For Award." Deadline
for nominations is November 15, 2007. Honored firms will be
profiled in a report published January 2008.
More...
Thames River to soft-close Warrior hedge funds
Source:
Citywire
Thames River’s head of fund of hedge funds, Ken Kinsey-Quick, is
set to soft-close the group’s Warrior and Warrior II funds.
Both funds are approaching the $750 million (£365 million) mark
and Thames River has decided to cap them to protect performance.
More...
After shorting subprime, hedge fund is moving on
Source:
MarketWatch
One of the hedge funds that made a killing by short-selling the
subprime-mortgage universe has decided to look elsewhere for its
next opportunity.
Michael Burry, head of the $621 million Scion Capital LLC, has
informed investors that he's unwinding a massive bet against
subprime mortgages after generating a more than four-fold
return.
More...
Facebook may be seeking more cash - reports
Source:
CNNMoney.com
Facebook Inc. is looking to hedge funds and private
equity investors for an additional $260 million in investments
on top of the $240 million in funding it's already receiving
from Microsoft, according to The Wall Street Journal.
More...
Today's Stories unabridged on the
web
|
