July 2007 - Posts

• Block tries to head off dissident shareholders - Kansas City Star

  Block tries to head off dissident shareholders Kansas City Star, MO - 1 hour ago ... Tuesday to support expected growth in its main businesses by rejecting three candidates for directors’ seats nominated by a Connecticut hedge fund. ... Posted Tuesday, July 31, 2007 11:20 PM

• Sowood Funds Lose More Than 50% as Debt Markets Fall (Update1) - Bloomberg

  Sowood Funds Lose More Than 50% as Debt Markets Fall (Update1) Bloomberg - 36 minutes ago Sowood isn't the first failed hedge fund Citadel has taken over. In September, it and New York-based JPMorgan Chase & Co., the third-biggest US bank, ... Posted Tuesday, July 31, 2007 6:51 AM

• MOGUL'S SON, 6, DROWNS IN THE FAMILY POOL - New York Post

  MOGUL'S SON, 6, DROWNS IN THE FAMILY POOL New York Post, NY - 1 hour ago By CYNTHIA R. FAGEN July 31, 2007 -- The 6-year-old son of a Connecticut millionaire hedge-fund honcho drowned in the family pool in a freak accident over ... Posted Tuesday, July 31, 2007 5:37 AM

• Currency Hedge Funds Up 1.41% In June - Parker Index - FXstreet.com The Foreign Exchange Market

  Currency Hedge Funds Up 1.41% In June - Parker Index FXstreet.com The Foreign Exchange Market, Spain - 21 minutes ago Parker Global Strategies LLC, the Stamford, Connecticut-based fund-of-funds manager which compiles the index, said on a reported basis the top three funds ... Posted Tuesday, July 31, 2007 4:56 AM

• Sowood Funds Lose More Than 50% as Corporate Credit Bets Plunge - Bloomberg

  Sowood Funds Lose More Than 50% as Corporate Credit Bets Plunge Bloomberg - 1 hour ago In September, it and JPMorgan Chase & Co. assumed the energy trades of Amaranth Advisors LLC when the Greenwich, Connecticut-based hedge fund collapsed ... Posted Tuesday, July 31, 2007 1:36 AM

• Bear, Lehman, Merrill, Goldman Traded as Junk, Derivatives Show - Bloomberg

  Bear, Lehman, Merrill, Goldman Traded as Junk, Derivatives Show Bloomberg - 42 minutes ago ``The brokers were hitting on all cylinders,'' said Chuck Moon, who manages $30 billion as head of investment grade credit at Hartford, Connecticut-based ... Posted Tuesday, July 31, 2007 12:17 AM

• Edwards doesn't shine against Democratic stars Clinton and Obama - Daily Press

  Edwards doesn't shine against Democratic stars Clinton and Obama Daily Press, VA - 4 hours ago He undercut his effort to champion the fight on poverty by building a lavish North Carolina estate, accepting large fees from a New York hedge fund and for ... Posted Monday, July 30, 2007 6:25 PM

• Citadel scoops up Sowood Capital - Financial Times

  Citadel scoops up Sowood Capital Financial Times, UK - 1 hour ago By Anuj Gangahar in New York Citadel Investments, the Chicago-based hedge fund run by billionaire Kenneth Griffin, has stepped in to take over the credit ... Posted Monday, July 30, 2007 4:56 PM

• Citadel Takes Over Sowood Capital's Credit Holdings (Update3) - Bloomberg

  Citadel Takes Over Sowood Capital's Credit Holdings (Update3) Bloomberg - 2 hours ago Harvard's $30 billion endowment, the largest for a university, was to increase its allocation to Sowood's hedge fund and a separate private-equity fund this ... Posted Monday, July 30, 2007 4:24 PM

• Citadel Takes Over Sowood Capital's Credit Holdings (Update2) - Bloomberg

  Citadel Takes Over Sowood Capital's Credit Holdings (Update2) Bloomberg - 39 minutes ago Harvard's $30 billion endowment, the largest for a university, was to increase its allocation to Sowood's hedge fund and a separate private-equity fund this ... Posted Monday, July 30, 2007 1:21 PM

• Traders at the New York Stock Exchange - Bloomberg

  Traders at the New York Stock Exchange Bloomberg - 27 minutes ago The benchmark for America's biggest companies climbed to a record the next week, following a decline sparked by losses in Bear Stearns Cos. hedge funds. ... Posted Monday, July 30, 2007 11:22 AM

• Schroder, ABN, Wells Load Up on Stocks in Worst Rout Since 2002 - Bloomberg

  Schroder, ABN, Wells Load Up on Stocks in Worst Rout Since 2002 Bloomberg - 1 hour ago The benchmark for America's biggest companies climbed to a record the next week, following a decline sparked by losses in Bear Stearns Cos. hedge funds. ... Posted Sunday, July 29, 2007 9:37 PM

• Glencore Parries Attacks on Commodities Secrecy as Debt Rises - Bloomberg

  Glencore Parries Attacks on Commodities Secrecy as Debt Rises Bloomberg - 48 minutes ago ... 40, founder of Ospraie Management LLC, a $7 billion commodities hedge fund in New York that trades in the same markets as Glencore. ... Posted Sunday, July 29, 2007 7:56 PM

• AQR poised to sell 10% stake in $500m IPO - Financial Times (subscription)

  AQR poised to sell 10% stake in $500m IPO Financial Times (subscription), UK - 1 hour ago AQR’s decision to press ahead with an IPO has highlighted how hedge fund listings are considered less vulnerable to recent deterioration in market ... Posted Sunday, July 29, 2007 5:27 PM

• Decoding the way of the WASP - Modesto Bee

  Decoding the way of the WASP Modesto Bee, CA - 1 hour ago Hedge-fund managers are scooping up the old family compounds. Maybe Salk's celebration of WASP-dom was just the pick-me-up the group needed. Posted Sunday, July 29, 2007 10:44 AM

• Actor Gibson sells estate for $39 million - Chicago Tribune

  Actor Gibson sells estate for $39 million Chicago Tribune, United States - 56 minutes ago Hedge fund titans, take note: Actor-producer Mel Gibson is selling his 76-acre Greenwich, Conn., estate for $39.5 million. The Tudor-style mansion is about ... Posted Sunday, July 29, 2007 6:57 AM

• Behind the smiles at the YouTube debate - Bowling Green Daily News

  Behind the smiles at the YouTube debate Bowling Green Daily News,  United States - 35 minutes ago He undercut his effort to champion the fight on poverty by building a lavish North Carolina estate, accepting large fees from a New York hedge fund and for ... Posted Saturday, July 28, 2007 2:58 AM

• Second time around proves challenging for Edwards - Times Herald-Record

  Second time around proves challenging for Edwards Times Herald-Record, NY - 22 hours ago He undercut his effort to champion the fight on poverty by building a lavish North Carolina estate, accepting large fees from a New York hedge fund and for ... Posted Saturday, July 28, 2007 2:11 AM

• Investors Surf Choppier Market - Wall Street Journal

  Investors Surf Choppier Market Wall Street Journal - 1 hour ago Still, Eric Rosenfeld, who helped lead Long-Term Capital Management LLC, the Connecticut hedge fund that collapsed in 1998, roiling the markets along the ... Posted Saturday, July 28, 2007 12:02 AM

• Hedge fund AQR plans IPO -WSJ - Reuters

  Hedge fund AQR plans IPO -WSJ Reuters - 1 hour ago AQR, which is based in Greenwich, Connecticut, has about $35 billion under management and is one of the world's largest hedge funds, the paper said. ... Posted Friday, July 27, 2007 9:46 PM

• Simons's Renaissance Fund to Trim New Cash as Returns Trail - Bloomberg

  Simons's Renaissance Fund to Trim New Cash as Returns Trail Bloomberg - 2 hours ago By Katherine Burton July 27 (Bloomberg) -- Hedge-fund manager James Simons plans to trim new investments in the $29 billion Renaissance Institutional ... Posted Friday, July 27, 2007 12:03 PM

• Global Bond Risk Premiums Soar as Investors Seek Safest Assets - Bloomberg

  Global Bond Risk Premiums Soar as Investors Seek Safest Assets Bloomberg - 30 minutes ago Risk premiums surged after Absolute Capital Group Ltd., an Australian hedge fund, suspended withdrawals from two funds after forecasting losses on US ... Posted Thursday, July 26, 2007 8:16 PM

• Teenagers Are Planting ‘Seeds of Peace’ - East Hampton Star

  Teenagers Are Planting ‘Seeds of Peace’ East Hampton Star,  USA - 36 minutes ago She is a 2006 graduate of Princeton University and is currently working for a hedge fund in Connecticut. American business experience, she hopes, ... Posted Thursday, July 26, 2007 5:55 PM

• Corporate Bond Premiums Soar; Investors Shun Riskiest of Debt - Bloomberg

  Corporate Bond Premiums Soar; Investors Shun Riskiest of Debt Bloomberg - 1 hour ago Risk premiums surged after Absolute Capital Group Ltd., an Australian hedge fund, suspended withdrawals from two funds after forecasting losses on US ... Posted Thursday, July 26, 2007 5:26 PM

• The Edwards Campaign is Finished - RealClearPolitics

  The Edwards Campaign is Finished RealClearPolitics, IL - 2 hours ago He undercut his effort to champion the fight on poverty by building a lavish North Carolina estate, accepting large fees from a New York hedge fund and for ... Posted Thursday, July 26, 2007 4:02 PM

• H&R Block CEO's 2007 Pay $3.1 Million - Forbes

  H&R Block CEO's 2007 Pay $3.1 Million Forbes, NY - 2 hours ago Breeden Partners, a Connecticut-based hedge fund, offered its nominees in a separate proxy earlier this month. The fund's chief executive, Richard Breeden, ... Posted Thursday, July 26, 2007 1:58 PM

• Block CEO's compensation put at $3.1 million - Topeka Capital Journal (subscription)

  Block CEO's compensation put at $3.1 million Topeka Capital Journal (subscription), KS - 23 minutes ago Breeden Partners, a Connecticut-based hedge fund, offered its nominees in a separate proxy earlier this month. The fund’s chief executive, Richard Breeden, ... Posted Thursday, July 26, 2007 1:36 PM

• Wall Street's Bond Risk Soars, Shares Plunge on Credit Concerns - Bloomberg

  Wall Street's Bond Risk Soars, Shares Plunge on Credit Concerns Bloomberg - 46 minutes ago Risk premiums surged and stocks dropped after Absolute Capital Group Ltd., an Australian hedge fund, suspended withdrawals from two funds after forecasting ... Posted Thursday, July 26, 2007 1:13 PM

• Amaranth, Energy Transfer Face $458 Million Penalties (Update1) - Bloomberg

  Amaranth, Energy Transfer Face $458 Million Penalties (Update1) Bloomberg - 1 hour ago By Tina Seeley and Daniel Whitten July 26 (Bloomberg) -- Hedge fund Amaranth Advisors LLC, two of its traders, and pipeline company Energy Transfer Partners ... Posted Thursday, July 26, 2007 12:17 PM

• Fed regulators asks $291M in fines in Amaranth trading case ... - International Herald Tribune

  Fed regulators asks $291M in fines in Amaranth trading case ... International Herald Tribune, France - 2 hours ago AP WASHINGTON: Federal regulators on Thursday said failed hedge fund Amaranth Advisors LLC and two traders face $291 million (€212 million) in penalties for ... Posted Thursday, July 26, 2007 11:44 AM

• Fed regulators asks $291M in fines in Amaranth trading case ... - PR-Inside.com (Pressemitteilung)

  Fed regulators asks $291M in fines in Amaranth trading case ... PR-Inside.com (Pressemitteilung), Austria - 8 minutes ago AP WASHINGTON (AP) - Federal regulators on Thursday said failed hedge fund Amaranth Advisors LLC and two traders face $291 million (¤212 million) in ... Posted Thursday, July 26, 2007 11:40 AM

• Goldman Sachs, Bear Stearns Bond Risk Soars, Credit Swaps Show - Bloomberg

  Goldman Sachs, Bear Stearns Bond Risk Soars, Credit Swaps Show Bloomberg - 8 minutes ago Risk premiums surged as Absolute Capital Group Ltd., an Australian hedge fund, suspended withdrawals from two funds after forecasting losses on US subprime ... Posted Thursday, July 26, 2007 11:39 AM

• Goldman Sachs, Bear Stearns Bond Risk Surges, Credit Swaps Show - Bloomberg

  Goldman Sachs, Bear Stearns Bond Risk Surges, Credit Swaps Show Bloomberg - 1 hour ago Risk premiums surged as Absolute Capital Group Ltd., an Australian hedge fund, suspended withdrawals from two funds after forecasting losses on US subprime ... Posted Thursday, July 26, 2007 10:12 AM

• CFTC drags Amaranth & Hunter to court - The Money Times

  CFTC drags Amaranth & Hunter to court The Money Times, India - 2 hours ago Hunter, who was touted as a rising star when he served as the Canadian head of the hedge fund's energy trading desk, was answerable for a series of ... Posted Thursday, July 26, 2007 9:40 AM

• Carl Leubsdorf: Behind the smiles at YouTube debate - Dallas Morning News (subscription)

  Carl Leubsdorf: Behind the smiles at YouTube debate Dallas Morning News (subscription), TX - 3 hours ago He undercut his effort to champion the fight on poverty by building a lavish North Carolina estate, accepting large fees from a New York hedge fund and for ... Posted Thursday, July 26, 2007 8:02 AM

• Amaranth and Hunter face new set of woes - Toronto Star

  Amaranth and Hunter face new set of woes Toronto Star,  Canada - 43 minutes ago Hunter, 33, was touted as a rising star when he served as the Canadian head of the Connecticut-based hedge fund's energy trading desk. ... Posted Thursday, July 26, 2007 4:35 AM

• Behind the smiles at YouTube debate - Dallas Morning News (subscription)

  Behind the smiles at YouTube debate Dallas Morning News (subscription), TX - 1 hour ago He undercut his effort to champion the fight on poverty by building a lavish North Carolina estate, accepting large fees from a New York hedge fund and for ... Posted Thursday, July 26, 2007 3:46 AM

• Embattled Canadian trader facing US charges - Toronto Star

  Embattled Canadian trader facing US charges Toronto Star,  Canada - 41 minutes ago Hunter, 33, was touted as a rising star when he served as the Canadian head of the Connecticut-based hedge fund’s energy trading desk. ... Posted Wednesday, July 25, 2007 5:38 PM

• Amaranth, trader charged in natural gas price manipulation case - WTNH

  Amaranth, trader charged in natural gas price manipulation case WTNH, CT - 1 hour ago (Washington-AP) _ Federal regulators have charged collapsed Connecticut hedge fund Amaranth Advisors and its former chief energy trader with trying to ... Posted Wednesday, July 25, 2007 4:51 PM

• Amaranth Tried to Manipulate Gas Prices, CFTC Says (Update5) - Bloomberg

  Amaranth Tried to Manipulate Gas Prices, CFTC Says (Update5) Bloomberg - 2 hours ago Greenwich, Connecticut-based Amaranth, which lost $6.6 billion in the biggest-ever hedge fund failure, controlled more than half the US natural gas market ... Posted Wednesday, July 25, 2007 4:09 PM

• Amaranth Tried to Manipulate Gas Prices, CFTC Says (Update4) - Bloomberg

  Amaranth Tried to Manipulate Gas Prices, CFTC Says (Update4) Bloomberg - 16 minutes ago Greenwich, Connecticut-based Amaranth, which lost $6.6 billion in the biggest-ever hedge fund failure, controlled more than half the US natural gas market ... Posted Wednesday, July 25, 2007 3:51 PM

• SAC Capital may sell stake: source - Reuters

  SAC Capital may sell stake: source Reuters - 36 minutes ago By Dane Hamilton NEW YORK (Reuters) - SAC Capital Advisors, a $14 billion hedge fund group managed by star trader Steven A. Cohen, is considering selling a ... Posted Wednesday, July 25, 2007 1:20 PM

• UPDATE 1-SAC Capital may sell minority stake-source - Reuters

  UPDATE 1-SAC Capital may sell minority stake-source Reuters - 57 minutes ago Full Bio By Dane Hamilton NEW YORK, July 25 (Reuters) - SAC Capital Advisors, a $14 billion hedge fund group managed by star trader Steven A. Cohen, ... Posted Wednesday, July 25, 2007 1:00 PM

• UPDATE 1-SAC Capital may sell minority stake-source - Reuters.uk

  UPDATE 1-SAC Capital may sell minority stake-source Reuters.uk, UK - 3 hours ago By Dane Hamilton NEW YORK, July 25 (Reuters) - SAC Capital Advisors, a $14 billion hedge fund group managed by star trader Steven A. Cohen, is considering ... Posted Wednesday, July 25, 2007 12:58 PM

• Amaranth Tried to Manipulate Gas Prices, CFTC Says (Update3) - Bloomberg

  Amaranth Tried to Manipulate Gas Prices, CFTC Says (Update3) Bloomberg - 1 hour ago Greenwich, Connecticut-based Amaranth, which lost $6.6 billion in the biggest-ever hedge fund failure, controlled more than half of the US natural gas ... Posted Wednesday, July 25, 2007 12:56 PM

• SAC Capital Considers Selling Stake to Investors (Update1) - Bloomberg

  SAC Capital Considers Selling Stake to Investors (Update1) Bloomberg - 13 hours ago Cohen ranked among the hedge fund industry's top 10 moneymakers last year, earning about $900 million, according to a report published by Institutional ... Posted Wednesday, July 25, 2007 11:22 AM

• SAC Capital considers selling minority stake-source - Reuters

  SAC Capital considers selling minority stake-source Reuters - 48 minutes ago NEW YORK, July 25 (Reuters) - SAC Capital Advisors, a $14 billion hedge fund group managed by trader Steven A. Cohen, is considering selling a minority ... Posted Wednesday, July 25, 2007 10:53 AM

• Amaranth Tried to Manipulate Gas Prices, CFTC Says (Update2) - Bloomberg

  Amaranth Tried to Manipulate Gas Prices, CFTC Says (Update2) Bloomberg - 1 hour ago Greenwich, Connecticut-based Amaranth, which lost $6.6 billion in the biggest-ever hedge fund failure, controlled more than half of the US natural gas ... Posted Wednesday, July 25, 2007 10:17 AM

• SAC Might Make Private Offering - Hedge Fund Net

  SAC Might Make Private Offering Hedge Fund Net, NY - 1 hour ago The Connecticut hedge fund company might no go forward with the offering, the report stressed. The sale would provide a capital infusion, something hedge ... Posted Wednesday, July 25, 2007 10:02 AM

• John Baer | Are Dem candidates sellouts? Follow the money - Philadelphia Daily News

  John Baer | Are Dem candidates sellouts? Follow the money Philadelphia Daily News, PA - 1 hour ago In the "hedge fund & private equity" category, the winner to date is Republican Mitt Romney (co-founder of a private equity firm) with $797325 in ... Posted Wednesday, July 25, 2007 9:59 AM

• Regulator Says Amaranth Tried to Manipulate Natural Gas Prices - Bloomberg

  Regulator Says Amaranth Tried to Manipulate Natural Gas Prices Bloomberg - 50 minutes ago The Greenwich, Connecticut-based hedge fund controlled more than half of the US natural gas market, according to a Senate report released last month. ... Posted Wednesday, July 25, 2007 8:41 AM

• Coakley, NStar agree to cut lobbying payment - Boston Globe

  Coakley, NStar agree to cut lobbying payment Boston Globe, United States - 33 minutes ago The electronics retailer was sold this month to Schultze Asset Management Inc., a hedge fund, for $38 million in cash. Top executives and other insiders of ... Posted Wednesday, July 25, 2007 4:36 AM

• SAC Capital Considers Stake Sale After Approach From Investors - Bloomberg

  SAC Capital Considers Stake Sale After Approach From Investors Bloomberg - 1 hour ago Cohen ranked among the hedge fund industry's top 10 moneymakers last year, earning about $900 million, according to a report published by Institutional ... Posted Wednesday, July 25, 2007 4:09 AM

• Crises, hot money, hedge and vulture funds - Jakarta Post

  Crises, hot money, hedge and vulture funds Jakarta Post, Indonesia - 1 hour ago A minority, led by Oaktree Capital Corp (Chicago) and Gramercy Advisers (Connecticut), has been holding out by demanding repayment of up to 150 percent of ... Posted Wednesday, July 25, 2007 1:30 AM

• Democrats conceal pro-war policy in South Carolina debate - World Socialist Web Site

  Democrats conceal pro-war policy in South Carolina debate World Socialist Web Site, MI - 51 minutes ago Kucinich and Gravel were given time to indict the other candidates’ support of the war and their acceptance of money from banks, hedge funds, ... Posted Wednesday, July 25, 2007 12:01 AM