Daily news
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Letter: SAC Capital Won't Cooperate Unconditionally With Government
By Reuters
05/17/2013 5:46:44 PM ET
EDITOR'S NOTE: This story has been updated throughout.
NEW YORK (Reuters)—Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday [May 17] it would no longer cooperate "unconditionally" with the U.
Oil Price Probe Widens, U.S. Senator Wants Justice Dept. Help
By Reuters
05/17/2013 5:15:29 PM ET
EDITOR'S NOTE: This story has been updated throughout.
LONDON/WASHINGTON (Reuters)—A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.
Oil Price Probe Widens, U.S. Senator Wants Justice Dept. Help
By Reuters
05/17/2013 5:15:29 PM ET
EDITOR'S NOTE: This story has been updated throughout.
LONDON/WASHINGTON (Reuters)—A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.
Nanes Balkany: Petrogrand Should Exit Russia
By Reuters
05/17/2013 4:54:45 PM ET
NEW YORK (Reuters)—An activist hedge fund has urged Swedish oil and gas company Petrogrand AB to drop exploration activities in Russia, explore strategic alternatives and replace its chief executive, according to a letter from the fund to the company's board of directors.
Nanes Balkany Partners LLC, which in the last three months amassed a stake of just under 5 percent in Petrogrand, has not received an official response after sending the letter to the company last month, according to a person familiar with the matter.
Oil Price Probe Widens, U.S. Senator Wants Justice Dept. Help
By Reuters
05/17/2013 5:15:29 PM ET
EDITOR'S NOTE: This story has been updated throughout.
LONDON/WASHINGTON (Reuters)—A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.
Blackstone Planning to Create New Hedge Fund
By Reuters
05/17/2013 11:02:17 AM ET
NEW YORK (Reuters)—Blackstone Group LP is planning to create a hedge fund which will consist of the boldest trades from the third-party hedge funds it invests with, the Financial Times reported.
The new fund will invite managers to sell their interesting trading ideas in exchange for a fee and it will be run by former Duquesne Capital partner, Greg Geiling, the daily said.
Oil Price Probe Widens, U.S. Senator Wants Justice Dept. Help
By Reuters
05/17/2013 5:15:29 PM ET
EDITOR'S NOTE: This story has been updated throughout.
LONDON/WASHINGTON (Reuters)—A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.
Blackstone Planning to Create New Hedge Fund
By Reuters
05/17/2013 11:02:17 AM ET
NEW YORK (Reuters)—Blackstone Group LP is planning to create a hedge fund which will consist of the boldest trades from the third-party hedge funds it invests with, the Financial Times reported.
The new fund will invite managers to sell their interesting trading ideas in exchange for a fee and it will be run by former Duquesne Capital partner, Greg Geiling, the daily said.
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