–The Cayman Islands predicts 1,200 new hedge funds will register there this year. Justice Department, take note. –Sheila C. Bair is set to leave Federal Deposit Insurance Corporation next year. “As I’ve said before, I’m going to serve out my term,” Ms. Bair told an industry conference. “I do not want to be reappointed.” –Daily [...]
It may have had the backing of one of the richest hedge fund magnates, but the California ballot initiative proposing the legalization of marijuana was rejected at the polls on Tuesday. George Soros, a longtime supporter of decriminalizing marijuana for recreational use, donated $1 million to support Proposition 19. That is a little less than [...]
By PETER LATTMAN Score one for the activist hedge funds. In an unusual move, the board and management of Citadel Broadcasting have agreed to rescind $110 million of stock awards after R2 Investments, a Texas-based hedge fund, attacked the radio company for its executive compensation practices, according to a court filing late Tuesday in Federal [...]
It seems one hedge fund employee recently let go from Kingdon Capital has not gone quietly. Marjorie Greenspan Kaufman, a managing director and head of investor relations at Kingdon — and the niece of Alan Greenspan — sent out an e-mail to the hedge fund’s clients telling them that the firm was on shaky ground, [...]
It seems one hedge fund employee recently let go from Kingdon Capital has not gone quietly. Marjorie Greenspan Kaufman, a managing director and head of investor relations at Kingdon — and the niece of Alan Greenspan — sent out an e-mail to the hedge fund’s clients telling them that the firm was on shaky ground, [...]
Bridgewater Associates, one of the largest hedge funds in the United States, looks like one of 2010’s winners, with a return of about 38 percent at its flagship fund after a string of bearish bets, The Wall Street Journal reported. The billions that the fund has won for both managers and clients come, in part, [...]
Twitter
Facebook