Money comes off the side lines at The Hedge Funds Weblog

Leon Cooperman: hedge fund Omega Advisers Long 12 million MCI. Blackstone Group LP , Thomas H. Lee Partners LP ,Kohlberg Kravis Roberts & Co. and Bain Capital was out bid by Warburg and Texas Pacific for a retail chain, which includes 35 Neiman Marcus stores. Kirk Kerkorian's Tracinda Corp offered for a nearly 5% stake in general motors Corp, to add to his 4%. Bring him to 9%. This is a sign that [...] Read More


Hedge fund facts from the morning Paper at The Hedge Funds Weblog

The hedge-fund industry manages nearly $1 trillion -- a scary-sounding number, to be sure -- that's chump change compared to the $12.74 trillion managed by mutual funds (excluding money market funds), according to the latest ICI data. Over the last five years, the world's hedge-fund population has boomed more than 33%, according to Van Hedge Fund estimates, There are more than 3,300 such funds now, compared with 1,900 in [...] Read More


Hedge Funds, Movies and Money at The Hedge Funds Weblog

The global audio visual sector is expected by analysts to be worth $1.3 trillion by 2008 and hedge fund managers have wasted no time in attaching themselves to the high return sector of film financing. Hedge funds investing in film, so far, include Mark Cuban, entrepreneur and owner of the Dallas Mavericks, and eBay founder Jeff Skoll, each have a fledgling film company. Billionaire Phillip Anschutz is financing big budget films, [...] Read More


Hedge funds lied to investors at Sox First

Hedge funds have been badly exposed in a new study Trust and Delegation . Hedge funds were instrumental in buying bad securities and and helping bring the world's financial system to its knees.The study found that half the hedge funds (49%) lied and misled investors. "We find that misrepresentation about past legal and regulatory problems is frequent (21%), as is incorrect or unverifiable representations about other topics (28%),'' the researchers [...] Read More


The Growing Clout of Hedge Funds at Sox First

Interesting piece in the Wall Street Journal about how distressed power producer Calpine's pending bankruptcy is highlighting the growing clout of hedge hunds to force changes in corporate strategy.The WSJ piece is for subscribers so here's a summary: the hedge funds are among the biggest holders of Calpine's $17 billion debt and some have taken positions set to push the company into Chapter 11.Corporations traditionally borrow from banks and mutual [...] Read More