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Basis Capital fund down by 50pc
Source: The Australian
THE founders of hedge fund Basis Capital yesterday admitted that
their sole remaining active hedge fund, the Aust-Rim fund, had
lost half its value.
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Emory Receives $10 Million Gift
Source:
11Alive.com
Emory University’s Goizueta Business School has received a major
gift of $10 million from a private donor to establish The Emory
Center for Private Equity and Hedge Funds.
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Germany sees intensive G7 discussion on hedge funds
Source: Reuters
Members of the Group of Seven (G7) industrialised nations will
have an "intensive discussion" on hedge fund transparency when
they meet next month in Washington, a German Finance Ministry
spokesman said on Friday. More...
Investors force Absolute Capital to allow redemptions on four
funds
Source:
Forbes
AIM-listed hedge fund manager Absolute Capital Management (ACM)
has bowed to investor pressure and allowed investors in four
funds currently being restructured to redeem up to 30 pct of
their investments over the next 12 months.
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Market Shifts Offer Reprieve From Hedge Fund Activism
Source:
Law.com
The dark cloud of the international credit crunch caused
by the United States' subprime mortgage defaults may yet have a
small silver lining for public companies: the real possibility
of a decline in hedge fund activism.[FOOTNOTE 1] In recent
years, hedge fund activists have leveraged themselves into large
stock positions and used that platform to maximize their own
short-term gains.
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Activist Hedge Fund Sells Remaining New Century Stake
Source:
The Orange County Business Journal
David Einhorn, head of New York-based activist hedge fund
operator Greenlight Capital Inc., has sold his remaining stake
in bankrupt subprime mortgage lender New Century Financial
Corp. More...
Hedge fund, private equity sectors seen at a peak
Source:
The Motley Fool
Imitation is the best form of flattery, right? Well, when you're
learning a new skill, imitation can also be a great way to hone
your craft.
If you're learning guitar, you might pick up a book of Jimi
Hendrix's licks or download the chords to a couple of Bob
Dylan's songs. So when you're trying to become a better
investor, it only makes sense to take a peek at what the
professional investors are up to.
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Spencer Capital seeks to add rep to Borders board
Source:
Reuters
Hedge fund advisor Spencer Capital Management, which owns
a 7.9 percent stake in Borders Group Inc (BGP.N: Quote, Profile,
Research), said in a regulatory filing on Thursday that it will
seek representation on the board of directors of the book
retailer.
More...
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