Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
July Brings Relief to MSCI Investable Index
By Staff WriterHedge funds put up a month of slightly positive returns in July, as investors in the MSCI Hedge Invest index saw an increase of 0.22% for the month.
August 07, 2006
Polygon Blocks ?346 million Telent SalePolygon, the activist hedge fund, succeeded today in blocking a ?346 million ($654 million) bid for Telent, the rump of Marconi, the telecom equipment maker. Polygon is the biggest shareholder with a 24% stake held through its Global Opportunities Master Fund.
August 07, 2006
AIMA Assesses New E.U. Regulatory Capital ChangesThe Alternative Investment Management Association, the global trade organization for hedge funds, is highlighting the likely impact of the Capital Requirements Directive being introduced by the European Union. The key changes are to come into effect by Jan. 1, 2007.
August 07, 2006
New LODH Fund Seeks Latin OpportunitiesLombard Odier Darier Hentsch Group in June launched a new long/short fund focused on Latin America, and announced Monday that assets have grown to $50 million.
August 07, 2006
Lawsuit Challenges Utah FTD StatuteUtah state officials acknowledged knowing of a lawsuit seeking to invalidate the new state statute intended to address the issue of naked short-selling, but said Friday that the nominal defendant in the lawsuit, the director of the state's securities division of its Commerce Department, hadn't received service.
August 07, 2006
The Eagle, Once Landed, Flies AgainEaglePicher Inc. and its U.S. subsidiaries, which jointly filed for bankruptcy April 11, 2005, have now completed their restructuring and they have emerged as EaglePicher Corporation and subsidiaries, owned principally by affiliates of Angelo, Gordon & Co. LP, New York and Tennenbaum Capital Partners LLC, of Santa Monica, Calif.
August 07, 2006
Proxy Advisers Tighten Squeeze on HeinzInstitutional Shareholder Services issued its proxy analysis of the upcoming H. J. Heinz Co., annual meeting, recommending that shareholders vote in favor of three of the director nominees on the dissident slate.
August 07, 2006
CalPERS Adds Former SEC Chair's Hedge FundRichard Breeden's activist hedge fund firm has been allocated $400 million as part of the California Public Employees' Retirement System's corporate governance portfolio.