Och-Ziff Rallies in January, Posts Returns in all Hedge Funds
New York (HedgeCo.Net) – After a year when most hedge funds grudgingly reported month after month of losses, Och-Ziff Capital Management was happy to showcase their gains for January in a recent...
View ArticleDaniel Och Increases Stake in Own Hedge Fund
New York (HedgeCo.Net) – Daniel Och, CEO of New York-based hedge fund Och-Ziff Capital Management, is showing his confidence in his company, racking up another 1.6 million shares. Och shelled out about...
View ArticleObama Puts Foot Down, Caps Pay for Top Execs
New York (HedgeCo.Net) – As the Obama administration prepares to distribute the remaining $350 billion in the Troubled Asset Relief Program, a new requirement will ensure that the salaries of top...
View ArticleWachovia to Buy Back Auction Rate Securities from Clients
New York (HedgeCo.Net) – Wachovia customers who invested in auction rate securities prior to their collapse will most likely get their money back. The SEC announced a settlement yesterday with...
View ArticleGM in Talks to Acquire Stagnant Delphi Plants
New York (HedgeCo.Net) – It doesn’t help matters when a company, who is at the forefront of a government bailout, is expected to provide rescue to another faltering company. But that’s exactly what...
View ArticleKBR and Halliburton to Pay $579 Million to Settle Charges
New York (HedgeCo.Net) – Halliburton and KBR, Inc. have settled with the Securities and Exchange Commission after allegations that KBR subsidiary Kellogg Brown & Root illegally obtained...
View ArticleAckman Paves Way for New Hedge Fund Management Moves
New York (HedgeCo.Net) – William Ackman, who runs hedge fund Pershing Square Capital Management, is letting clients withdraw as much of their investment as they please. A vast change from the dozens...
View ArticleMiami CEO Dishes Out $60 Million to Thank Employees
New York (HedgeCo.Net) – While some top banking execs choose to blow millions on lavish area rugs or fancy, non functional commodes, Leonard Abess Jr. of Miami-based City National Bank had a better...
View ArticleSantander Bank Struggles to Meet Redemptions, Seeks to Halt Withdrawals
New York (HedgeCo.Net) – Spanish bank Santander is seeking to freeze redemptions after stating on Monday that they currently lack the liquidity to meet the rising demands for withdrawals. Investors in...
View ArticleBernanke Addresses Congress, Defends Another AIG Bailout
New York (HedgeCo.Net) - After handing AIG another $30 billion in taxpayer-funded, government bailout funds, U.S. Federal Reserve Chairman Ben Bernanke defended the decision, with the worn-out...
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