West Virginia objects to Alpha Natural sale to hedge fund... [more]From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities.
Not all hedge funds are bringing in money... [more]From NYPost.com: … Negative returns were reported by some of the biggest hedge fund industry movers and shakers in recent weeks. Dan Loeb’s Third Point Offshore Fund was down 2.3 percent in the quarter ended March 31. “The result of all of this was one of the most catastrophic periods of hedge fund
University of Houston System sets new target allocations for endowment... [more]From PIOnline.com: University of Houston System revised its near- and long-term targets for its $563 million endowment, according to a webcast of Thursday's endowment management committee meeting.
The new near-term targets are:
42% global public equities, composed of U.S. equities, d
Legal - Hedge fund manager Steven A. Cohen wins another legal battle... [more]From Fortune.com: This time it’s not against the SEC. Billionaire investor Steven A. Cohen on Thursday won the dismissal of a long-running lawsuit in which his former wife accused him of cheating her out of millions of dollars in their 1990 divorce.
Chief Judge Loretta Preska of the U.S. Distr
Americas - Hedge fund makes bold bet on Argentina debt and equities... [more]From Thestreet.com: After spending more than a decade shut out of credit markets and with a volatile history of economic prosperity and often collapse, Argentina may be the next investment play. At least according to Maglan Capital. The New York-based event-driven hedge fund, which specializes in di
…And Finally - More means for UK prisoners to avoid distress... [more]From Newsoftheweird.com: Great Britain's prisoners claiming to be adherents of the ancient Celtic pagan religion are allowed, under rules from the National Offender Management Services, to be excused from jailhouse routines to celebrate four festivals, including (of course) the Festival of the Lacta