Archived Activist/Hedge Fund News

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T. Boone Pickens has Momentum, Seeks more funds for BP Capital

Date: July 22nd, 2009
Although his dream of building the world’s largest wind farm may have faded temporarily, not all is lost for oil mogul and hedge fund investor T. Boone...

Hedge Funds to Have More Oversight?

Date: July 22nd, 2009
On Wednesday July 15th of this year, the Obama administration proposed a bill for Congress that would require hedge funds with more than $30 million in...

A Kansas Bank Nears Bankruptcy…Are Regulators to Blame?

Date: July 22nd, 2009
As a bank in Olathe, Kansas teeters on the brink of bankruptcy, former executives are blaming regulators that turned a blind eye even when the bank’s...

Steel Partners says Carl Icahn Fights on in Caymans

Date: July 21st, 2009
Steel Partners has merged its Steel Partners II fund into WebFinancial, a pink sheets portfolio company, despite Carl Icahn and other investors’ attempts...

Ex-DKR Oasis Analysts Announce Instinct Capital

Date: July 21st, 2009
Two former DKR Oasis Management analysts, Frederic Eechaute and Stephen Good, have announced plans to launch a Japan-focused equity hedge fund, according...

Ex-Fortress Manager Announces Minerva Macro Fund

Date: July 20th, 2009
The former head of Fortress Investment Group LLC’s Hong Kong office, Stanley Ku, plans to start an Asia-focused hedge fund which he will manage. According...

Klintberg Launches Kima Capital

Date: July 19th, 2009
Justin Klintberg, former manager at Marble Bar Asset Management LLP, has started his own Asia-focused hedge fund which began investing on July 3 with...

Ironfire Wants SEC to Break Up Broadridge's Proxy Monopoly

Date: July 17th, 2009
Yesterday afternoon, Eric M. Jackson Ph.D., the Managing Member of activist hedge fund Ironfire Capital LLC, wrote a letter Mary L. Schapiro, the Chairman...

Lansdowne and Patrick Degorce partner to launch Theleme Hedge Fund

Date: July 16th, 2009
Lansdowne Partners, a London-based hedge fund manager, is teaming up with co-founder of Children’s Investment fund (TCI), Patrick Degorce. According...

Greentech Capital Advisors Launches as First Clean Technology and Alternative Energy Investment Bank

Date: July 16th, 2009
Investment bank Greentech Capital Advisors LLC was launched at the end of last month by Managing Partner Jeffrey McDermott as an advisor specializing...

Buffett's Buffet: Who's Really Paying for the Pricey Meal?

Date: July 16th, 2009
Salida Capital, a small Canadian fund, will pay $1.68 million (which goes to charity) to dine with the Oracle in New York. But who picks up the tab?

Ellington Management taking Ellington Financial Public

Date: July 15th, 2009
Specialty finance company Ellington Financial LLC has filed with the SEC for a $200 million common stock IPO, reports the Wall Street Journal. The company,...

AlphaSimplex’s M.I.T. Professor Brings Hedge Fund Strategy to the Masses

Date: July 15th, 2009
Dr. Andrew Lo, Professor at Massachusetts Institute of Technology and founder of investment manager AlphaSimplex Group LLC, not only studies quantitative...

Perella Weinberg Hires Christopher Bittman, Adds Almost $900 Million in Assets

Date: July 15th, 2009
Perella Weinberg Partners’s Asset Management Group announced that it has hired Christopher Bittman to fill the Chief Investment Officer post for its...

Marc Dreier sentenced to 20 years for $700 million Fraud

Date: July 15th, 2009
Yesterday a U.S. District Court Judge in Manhattan sentenced Marc Dreier to 20 years in prison. Mr. Drier, a 59-year-old lawyer, illegally sold promissory...

Auriel Capital Adds Environmental, Social, and Governance (ESG) Hedge Strategies

Date: July 15th, 2009
Auriel Capital Management, a London-based hedge fund manager, is expanding its offerings by adding Environmental, Social and Governance (ESG) investment...

Credit Suisse’s Stephen Satchell Launches GCS Capital Management

Date: July 14th, 2009
Credit Suisse’s former head of Asian proprietary credit trading, Stephen Satchell, has announced that he is launching a credit fund that will focus...

Who's Next To Be Nabbed In Petters Fraud?

Date: July 14th, 2009
Palm Beach Capital, with an estimated $1.6 billion in assets under management, may be the next fund accused for wrongdoing by the SEC for its involvement...

New Hedge Funds Hire Industry Vets: Fuchs, Gladius & Saba

Date: July 14th, 2009
Despite the troubled markets, new hedge funds have continued to build-up their teams by hiring top talent. In this week’s new hire report, we look...

TCI's Chris Hohn donates $788 Million to Charity

Date: July 13th, 2009
According to the Guardian, Chris Hohn donated over $788 million (£468m) last year to the Children’s Investment Fund Foundation, a charity run by his...

Thoma Bravo ups Offer for Entrust, Shareholder Vote Postponed

Date: July 13th, 2009
On Friday, private equity firm Thoma Bravo raised its offer for information technology firm Entrust (NASDAQ: ENTU) by 8.1% to $124 Million in an effort...

Emerging Hedge Fund Spotlight: Cavenagh Capital, JTM Capital Partners and SaKa Capital

Date: July 13th, 2009
In this week’s HedgeTracker Fund Spotlight, we look at three emerging hedge fund managers that have recently been added to HedgeTracker’s Free Hedge...

Ospraie Management Launches Two New Commodity-Focused Hedge Funds

Date: July 12th, 2009
Dwight Anderson’s Ospraie Management LLC launched two new commodity-focused hedge funds this month with approximately $100 million. According to Bloomberg,...

SEC Freezes Assets of Lancelot Management LLC for Feeding $2 Billion to Petters’ Ponzi Scheme

Date: July 12th, 2009
On Friday, the Securities and Exchange Commission announced that it had frozen the assets of Lancelot Management LLC, which had fed approximately $2 billion...

Ramius Fails, CPI Corp.’s Shareholders Elect Board Nominees in Landslide

Date: July 12th, 2009
On Wednesday, CPI Corporation (NYSE:CPY) announced that preliminary results show that its shareholders overwhelmingly voted for the company’s slate...


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