Archived Activist/Hedge Fund News

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SEC Uncovers $10 million Fraud in Oklahoma

Date: June 22nd, 2009
Last week, the SEC charged former Quest Resource Corporation executives Jerry Cash and David Grose with securities fraud for misappropriating an estimated...

Steel Partners Receives Court Approval, Icahn-led Investor Group Enraged

Date: June 21st, 2009
On Friday, activist hedge fund manager Warren Lichtenstein received court approval to move along with his plan to convert the Steel Partners II hedge...

Stanford Indicted for Fraud by US Grand Jury

Date: June 19th, 2009
Allen Stanford, the billionaire financier who has been under investigation for an alleged $8 billion fraud scheme, has been indicted by a federal grand...

Former Deephaven PM Announces Tyrus Capital

Date: June 18th, 2009
Tony Chedraoui, the former head of global event-driven investments at Deephaven Capital Management before it closed its doors, announced that his new...

Roc Capital, Largest Hedge Fund Launch of 2009 will open with $1.2 Billion

Date: June 18th, 2009
Newly formed hedge fund Roc Capital Management announced that it has raised over $1 billion for its projected July start date. Roc Capital was formed...

BlackRock's Power to Influence

Date: June 18th, 2009
BlackRock's(BLK) announcement last week that it would purchase Barclays Global Investors from U.K. bank Barclays(BCS) for $13.5 billion confirmed that...

Hedge Fund Launches find Success as Investor Fear Subsides

Date: June 17th, 2009
As investor money begins to flow back into hedge funds, new hedge funds are sprouting up to take advantage of the influx. The largest of the anticipated...

Harbinger Capital Shopping maker of the George Foreman grill

Date: June 17th, 2009
Harbinger Capital Partners is exploring a possible sale of Salton, a home-appliance company that makes the George Foreman grill. According to an article...

Contrarian Cap Veteran to Launch Mudrick Capital Distressed Fund

Date: June 17th, 2009
Mudrick Capital Management is in the process of launching the Mudrick Distressed Opportunity Fund LP. According to Dow Jones, the fund has already raised...

CalPERS Selling $13bn in Equities, Increasing Exposure to Private Equity

Date: June 16th, 2009
The California Public Employees’ Retirement System (CalPERS), the nation’s largest public pension fund, announced yesterday that it was adjusting...

Ackman Optimistic about Target’s and Hedge Fund Activists’ Future

Date: June 16th, 2009
Pershing Square Capital Management’s Bill Ackman recently sent out his quarterly letter to the hedge fund firm’s investors. Over the first quarter...

Icahn Takes a Second Shot at Delphi

Date: June 15th, 2009
Carl Icahn is in discussions again to take over bankrupt Delphi Corp. According to Reuters, on June 10th a federal bankruptcy court judge ruled that other...

American Electric Power Signs Long-Term Deal with Wyandot Solar LLC of Ohio

Date: June 15th, 2009
American Electric Power (NYSE: AEP) announced today that it has signed a long-term solar power purchase agreement with Wyandot Solar LLC, a subsidiary...

NASDAQ OMX and CRD Analytics Launch New Index Tracking Corporate Sustainability Performance

Date: June 15th, 2009
New Benchmark Tracks Companies Taking the Lead in Sustainability Performance Reporting - NEW YORK, June 15, 2009 -- The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ)...

Icahn Group buys Atlantic City's Tropicana Casino at Big Discount

Date: June 13th, 2009
A group of investment firms led by Carl Icahn, Black Diamond Capital Management, and Schultze Asset Management LLC have purchased Atlantic City’s AC...

Peter Schoenfeld’s Victory over Saks Embraced by Shareholders and Analysts

Date: June 13th, 2009
Earlier this month, CEO Peter Schoenfeld of P. Schoenfeld Asset Management claimed a victory in his proxy battle with Saks Incorporated (NYSE: SAKS)....

Kerkorian Could Comeback, Again

Date: June 13th, 2009
This week the New York Times published an article entitled “Kerkorian’s Stakes May Be Down, but He Has Bounced Back Before.” The article detailed...

Paulson & Co. Buying Distressed Securities

Date: June 12th, 2009
Paulson & Co. announced that they are attempting to profit from the current financial crisis by buying up distressed debt and mortgage-backed securities....

Brevan Howard Spins off Traders to Manage New Funds

Date: June 11th, 2009
Brevan Howard announced their plan to spin off a group of credit and currency traders to manage two new funds, according to Bloomberg.

The...

Former Countrywide Executives in Trouble with SEC

Date: June 11th, 2009
Last week, in a press release, the SEC revealed that former executives of Countrywide Financial, including former CEO Angelo Mozilo, will be charged with...

JPMorgan to Acquire the Rest of Highbridge Capital

Date: June 11th, 2009
Highbridge Capital Management announced today that its founders had agreed to sell their remaining stakes in the hedge fund manager to JPMorgan Chase...

What Exactly Has Microsoft Delivered on Its Enormous R&D Investment?

Date: June 11th, 2009
A couple of weeks ago at the D7 Conference in Carlsbad, Calif., Microsoft (MSFT) CEO Steve Ballmer boasted the software company could create a lot of...

Citadel’s Ken Griffin Joins E*TRADE’s Board

Date: June 10th, 2009
E*TRADE Financial Corporation (ETFC) announced in a press release yesterday that the founder and CEO of hedge fund manager Citadel Investment Group, Kenneth...

Hedge Funds Alter Strategies and Perform

Date: June 10th, 2009
The New York Times published a story yesterday entitled “Hedge Fund Managers Switch Strategies and Reap Rewards.” In the article, writer Landon Thomas,...

$80 Million Ponzi Scheme pushes HedgeTracker’s 'Hall of Fraud' Closer to $83 Billion

Date: June 9th, 2009
The SEC announced that it has halted yet another Ponzi Scheme, charging two California men for allegedly conducting an $80 million fraud that targeted...


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