Hedge fund Paulson & Co raises bet on Cadbury
Reuters – Hedge fund firm Paulson & Co, which earned billions with savvy bets during the credit crisis, has doubled its stake in candy maker Cadbury Plc, according to a regulatory filing released...
View ArticleHedge funds weigh future as investors pull money out
The Australian – David Gray, UBS’s head of prime services in the Asia-Pacific, says: "In the next three months, people will make decisions about whether they want to continue their business that may...
View ArticleEuropean Stocks Recover; DAX Boosted by Volkswagen
ABC News – European stock markets opened higher Tuesday after Japan’s Nikkei index recovered from 26-year lows, with Germany’s DAX further boosted by another steep rise in the value of Volkswagen AG...
View ArticleUS hedge funds anxious as redemption deadline looms
Reuters – Anxiety is sweeping the hedge fund industry before a crucial deadline on Saturday, when investors angered by recent heavy losses are expected to demand the return of billions of dollars....
View ArticleMarket slump pounds Pa. pension funds
Philadelphia Inquirer – Pension funds for Pennsylvania state workers and schoolteachers lost more than $12 billion in the three months ended Sept. 30. And that’s not counting losses from hedge funds,...
View ArticleNew Evidence Emerges in Closed Insider-Trading Case
Washington Post – New evidence has emerged in an insider-trading investigation that the Securities and Exchange Commission closed two years ago without filing charges, raising questions on Capitol...
View ArticleAckman’s Hedge Fund for Target Stake Fell 68% in 2008
Bloomberg – William Ackman’s hedge fund that invests in Target Corp. fell 68 percent last year, more than double the loss by the second-largest U.S. discount chain. Pershing Square IV declined 7.7...
View ArticleTate & Lyle hurt by rumours of hedge fund share sale
Financial Times – The London market’s new year bounce continued into a fifth session, but Tate & Lyle missed the trend. Tate lost 8.5 per cent to 386¼p amid speculation that Harbinger, its...
View ArticleSW1 Capital eyes control of hedge fund platform
Reuters – Investment firm SW1 Capital said on Friday it has bought into hedge fund platform PCE Investors and plans to build a controlling stake, cutting private equity firm Ubequity Capital Partners’...
View ArticleActivist hedge fund moves on Abitibi
Globe and Mail – A U.S. hedge fund with a reputation as an activist investor has become the biggest shareholder in AbitibiBowater Inc., putting added pressure on management at the struggling paper...
View ArticleInvest In The New York Times?
Forbes – Billionaire Carlos Slim Helu believes enough in The New York Times that he loaned it $250 million for an eventual 17% stake. The Forbes.com Investor Team says don’t copy him. Last summer in...
View ArticleUS fund takes 35% stake in stricken Countrywide
Times Online – Oaktree Capital Management, a specialist investor that targets heavily indebted companies owned by buyout groups, has sealed its first big investment in Britain. The American-based...
View ArticleSoros Management Fund Increases Stakes in Petrobras, Potash
Bloomberg – Billionaire investor George Soros’s hedge-fund firm bought more shares of Petroleo Brasileiro SA and Potash Corp. of Saskatchewan Inc. in the fourth quarter, almost doubling its holdings....
View ArticleChildren’s Investment Fund Sells Mastercard, Buys Rival Visa
Bloomberg – Children’s Investment Fund Management UK LLP, the London-based hedge fund founded by Christopher Cooper-Hohn, sold off its shares in Mastercard Inc. and added shares of rival credit-card...
View ArticleChina buys into Australian iron ore miner
TopNews – Fortescue Metals Group Ltd said Tuesday that Chinese steel maker Hunan Valin Iron and Steel will pay 558 million Australian dollars (357 million US dollars) for a 16.5-per-cent stake in the...
View ArticleSmart money sees Brink’s Home Security as a “rock”
Reuters – It would be hard for many to imagine hedge funds buying stock in a U.S. company with the word "home" in its name in the worst housing downturn since the Great Depression — let alone speak...
View ArticleGeithner’s Toxic Asset Plan: Wall Street Finally Cheers
Time.com – To stop the economy’s deflationary spiral, President Obama and Treasury Secretary Tim Geithner need to get toxic assets off banks’ balance sheets so the banks can start lending again. With...
View ArticleMacquarie, State Bank of India Plan $2 Billion Fund
BusinessWeek – Macquarie Capital Group and State Bank of India (SBI) plan to raise a new $2 billion fund that will invest in direct infrastructure investment opportunities in India. Macquarie and SBI...
View ArticleHedge Funds join the rally on Wednesday
Reuters India – New Vernon Bought stakes in Indage Vitners and Orbit Corp. Deutsche Sec bought 11% into UB Group. Private equity and hedge funds seem to be playing their parts in the brief rally that...
View ArticlePrivate equity firm takes 40% stake in Panmure
ShareCast – Private equity group BlueGem is to take a 40% stake in stockbroker Panmure Gordon in a move that will inject £17.3m of capital into the broker.Panmure Gordon has placed 72m new shares with...
View ArticleJohn Ho to step down as Asia chief at The Children’s Investment Fund
Times Online – John Ho, the head of The Children’s Investment Fund’s (TCI) operations in Asia, is poised to resign over what sources describe as a “clash of minds” with Chris Hohn, its notoriously...
View ArticleAlgebris fund sells Generali stake-report
Interactive Investor – Activist hedge fund Algebris has sold its stake in Italian insurer Assicurazione Generali SpA , a newspaper said on Tuesday, but a financial source said Algebris would attend the...
View ArticleGuinness family firm takes stake in hedge fund group
Forbes – The investment office of the Guinness family, which made its fortune in brewing, has taken a stake in 47 Degrees North and will back future fund launches, the fund of hedge funds firm said on...
View ArticleHedge fund ups stake in main Eircom shareholder
Independent – A New York-based hedge fund, run by former Goldman Sachs executives and family members of the Ziff Davis publishing dynasty, has become the biggest shareholder in Babcock & Brown...
View ArticleHudBay stokes interest of Indian mining giant
Globe and Mail – An Indian mining giant has quietly amassed a near 10-per-cent stake in HudBay Minerals Inc., securing a major advantage over potential rival suitors for the Canadian zinc and copper...
View ArticleHedge fund millionaire trumps offer for Panmure
Reuters UK – Hedge fund millionaire Bertrand des Pallieres’s SPQR Capital has launched a bid to trump BlueGem Water’s proposed stake building in stockbroker Panmure Gordon & Co. SPQR said that, via...
View ArticleGeffen offered to buy NY Times stake: source
Reuters – Media mogul David Geffen tried to buy a stake in the New York Times Co from hedge fund Harbinger Capital Partners, but was rejected, a source with knowledge of the matter said on Monday....
View ArticleDavid Geffen loses bid for stake in New York Times
PerthNow – Mr Geffen tried to acquire a 19 per cent stake in the New York Times Company that was held by Harbinger Capital Partners, the activist hedge fund, but was rebuffed, it emerged overnight....
View ArticleRussian firm buys stake in Facebook
Businessandleadership.com – Just a year and a half after Microsoft paid US$240m for a 1.6pc stake in social-networking player Facebook, a Russian technology investor has paid US$200m for a 1.9pc stake...
View ArticleSports Direct sells JJB stake
Belfast Telegraph – Mike Ashley’s Sports Direct International has offloaded its 4.8% directly-owned stake in struggling rival JJB Sports, it was revealed today. Speculation was mounting over the...
View ArticleBarclays in talks with BlackRock on BGI sale
Financial Post – Barclays PLC, the U.K.’s third-largest bank, is in talks with BlackRock Inc. and other bidders to sell its asset management division for more than US$10-billion. BlackRock, the world’s...
View ArticleFlower Exporter Karuturi Raises Rs 290 Cr From FIIs, Promoter
VC Circle – Flower exporter Karuturi Global is raising Rs 290 crore from its promoter Ramakrishna Karuturi and a consortium of foreign institutional investors (FIIs). Both promoter and FIIs are...
View ArticleHedge fund group Man climbs on talk of MF Global stake sale
The Guardian – Hedge fund manager Man has moved to the top of the FTSE 100 risers, as traders heard talk it may dispose of its remaining stake in broker MF Global. Man spun off the brokerage in July...
View ArticleBarclays and BlackRock: Passive-Aggressive
Barrons – A big question surrounding BlackRock’s $13.5 billion purchase of Barclays Global Investors, including its iShares exchange-traded-funds business, is how effectively a passive management group...
View ArticleCIC Said to Invest $500 Million in Hedge Funds, Blackstone
Bloomberg – China Investment Corp., the nation’s $200 billion sovereign wealth fund, may invest as much as $500 million in hedge funds including those run by Blackstone Group LP, said two people...
View ArticleHedge Fund’s Bid for Sotheby’s Shares
Barron – Shares of auctioneer Sotheby’s have rebounded on hopes for a recovery in the art market, although the economic picture is still difficult to frame. However, although investors have bid up the...
View ArticleDealing With Phibro: The Best Choice for Citigroup
New York Times Blogs – Selling a controlling stake in Phibro won’t cut it for Citigroup, Breakingviews writes. Sure, it would probably quell some of the uproar around the flashpoint that put Citi’s...
View ArticleMan Group sells remaining MF Global stake
Forbes – British hedge fund manager Man Group on Friday said it had agreed to sell its remaining stake in futures and options broker MF Global to Japanese bank Nomura. Man, the world’s biggest listed...
View ArticleTalk of Harbinger stake in African Minerals
Telegraph.co.uk – The chatter was that Harbinger, a powerful US hedge fund run by Philip Falcone, has built a small stake in African Minerals and has been talking to London brokers in recent days...
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