Soros says rebound a bear-market rally
Reuters- Billionaire hedge fund manager George Soros said on Wednesday the current rebound in stock markets is only a bear market rally because monetary authorities are unlikely to be able to handle...
View ArticleSoros points a finger at institutional investors
Houston Chronicle – Billionaire investor George Soros told a Senate panel Tuesday that the run-up in oil prices has "some of the earmarks" of a bubble and that institutional investors stampeding into...
View ArticleFaceBook Guru to Try His Hand at Alternative Investments
New York (HedgeCo.Net) – Matt Cohler, one of the early faces behind the wildly popular Facebook, will join venture capital firm Benchmark Capital. Cohler will assist in locating investment...
View ArticleFortis gets $630 mln capital from Russian billionaire
U.S. Daily- Belgian-Dutch financial services group Fortis received $630 million in capital from Russian billionaire Suleiman Kerimov as part of its recent share issue, the Wall Street Journal said,...
View ArticleIcahn’s Activist Funds’ Slim Returns Supply Cause to Deactivate
Bloomberg- Carl Icahn has hit the roughest patch of his hedge-fund career. His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds...
View ArticleRecent failures slow growth of Icahn
Boston Globe- Carl Icahn has hit the roughest patch of his hedge fund career. His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds...
View ArticleYahoo/Microsoft Talks May Be Back On
New York (HedgeCo.Net) – After months of on-again off-again talks between Yahoo and Microsoft, the possibility of a merger looks to be back on. According to the Wall Street Journal, Microsoft said...
View ArticleSpeculators and the oil market
Mining MX- The question as to whether the oil price has been driven higher by speculators is highly emotive. Many supporters of the idea want a clampdown on speculation while others say that would be...
View ArticleYahoo Shareholder Proposes Board Compromise
New York (HedgeCo.Net) – Hedge Funder Eric Jackson of Ironfire Capital will call on Yahoo Inc. to accept a board of directors mixed with members both proposed by the company and from a dissident slate...
View ArticleAssured Guaranty Says Profit Will Surge on Derivatives Gains
Bloomberg- Assured Guaranty Ltd., which owns one of two bond insurers to have retained Aaa credit ratings, said its second-quarter profit would surge by more than 14 times because of gains in credit...
View ArticlePeace breaks out in Yahoo leadership row
Guardian Unlimited- The struggling internet company Yahoo has struck a pact with its billionaire critic Carl Icahn by giving the hedge fund activist a minority presence on its board to avoid a...
View ArticlePaulson & Co. To Launch New Hedge Fund
New York (HedgeCo.Net) – John Paulson, the infamous hedge fund manager turned billionaire who bet brilliantly against the housing market, will start a new fund later this year according to a report...
View ArticleSoros boosts Lehman stake
Reuters – Billionaire investor George Soros hiked his stake in Wall Street firm Lehman Brothers to 9.5 million shares as of June 30 from 10,000 shares, according to a U.S. regulatory filing on...
View ArticleBritain’s FSA Cracks Down on Insider Trading
New York (HedgeCo.Net) – The British Financial Services Authority has imposed a fine on Steven Harrison for about $93,000 after accusing him of market abuse. Harrison will not be allowed to work as a...
View ArticlePickens hedge fund has lost more than $1 billion
Houston Chronicle – Boone Pickens, the billionaire founder of BP Capital LLC, said 15 percent of his hedge funds’ holders have asked for the option to withdraw their money after he lost more than $1...
View ArticleBuffett Wannabe Tied to $2 Billion Ponzi Scheme
New York Post – Billionaire Tom Petters fancied himself the next Warren Buffett – that is until his empire starting crashing down like a house of cards. The feds accuse Petters, one of Minneapolis’...
View ArticleSoros, Falcone Defend Hedge Funds at House Hearing
Bloomberg – Hedge-fund managers including George Soros and Philip Falcone, in an unprecedented appearance before Congress, defended their practices and profits while splitting over whether the U.S....
View ArticleSoros fund ups Petrobras stake
Petroleumworld.com – The hedge fund of billionaire investor George Soros increased its stake in Brazilian state-run oil company Petroleo Brasileiro ( Petrobras) to 21.1 million American Depositary...
View ArticleMavs Owner Mark Cuban Accused of Insider Trading
New York (HedgeCo.Net) – Dallas Mavericks owner and billionaire investor Mark Cuban has been accused of insider trading by the SEC after allegedly using private information that helped him avoid over...
View ArticleHedge funds talk regulation
Idaho State Journal – Several prominent hedge fund managers told Congress Thursday they support a new central exchange to open the murky world of some complex investments partly blamed for the global...
View ArticleSatellite Halts Hedge Fund Withdrawals, Fires 30 After Losses
Bloomberg – Satellite Asset Management LP, founded by former employees of billionaire George Soros, stopped client withdrawals from its three largest hedge funds and eliminated more than 30 jobs after...
View ArticleYahoo Stock Shoots Up After Carl Icahn Raises His Stake
eBrandz – In a move expected to fuel speculation over Yahoo Inc.’s search for a new chief executive — Corporate raider and billionaire investor Carl Icahn augmented his stake in Yahoo, has bought up...
View ArticleHedge Fund Trian Partners to Hold Over 50 Million Fast Food Shares
West Palm Beach (HedgeCo.net) – Hedge fund Trian Partners said that they will buy about 49.4 million shares of fast-food operator Wendy’s/Arby’s Group for $4.15 per share, or about $205 million. The...
View ArticleCitadel to close its offices in Tokyo
Chicago Tribune – The Citadel Investment Group will shutter its Tokyo offices and cut 37 jobs from its Asian operations. The Chicago-based hedge fund will still have a presence in Hong Kong, where 25...
View ArticleUma Thurman’s billionaire fiance among A-listers who fell victim to the man...
Mail on Sunday – From movie director Steven Spielberg to to Uma Thurman’s fiance Arpad Busson, the list of billionaire businessmen and Hollywood A-listers sucked into the world’s biggest financial...
View ArticleAdolf Merckle, German tycoon who lost millions on VW shares, commits suicide
Times Online – One of Europe’s most influential industry magnates has thrown himself in front of a train after his business empire began to crumble. Adolf Merckle, the 74-year-old head of a...
View ArticleThe New Hedge Fund Bucket List: Sojourn to the Middle Kingdom
Wall Street Journal Blogs – From its 17th-floor offices in the New Beijing Poly Plaza building, the monolithic landmark commissioned by the state-owned conglomerate China Poly Group Corp., China’s...
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