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Hedge Fund Buys 28% Stake in AgriNurture
Black River Capital Partners Fund, an independently managed subsidiary of the U.S.-based Cargill Inc. run by Black River Asset Management, recently acquired 28% equity stake in AgriNurture Inc. The stake includes 125,486,095 common shares, and is worth $30.45 million. As a subsidiary of Minnesota-based Cargill, Black River Capital’s deal has made the commodities giant the [...]
GLG Partners’ Pierre Lagrange Focuses on Industrial and Energy Stocks
GLG Partners co-founder Pierre Lagrange explained that he prefers industrial and energy stocks as opposed to banks. He has now opened his European equities hedge fund to trade investors. In an interview on On the Move, Lagrange explained that the fund will “focus on industrials, exporting companies and oil companies.” Bullish bets will be made [...]
Kick a Man While He’s Down?
TerribleTrouble for Trimble? Former hedge fund manager Mark S. Trimble who has already begun his decade-long stint in jail for money laundering may be facing additional charges. He was arrested for illegal commodities market trading after he had been barred in 2009 due to money laundering, moving finances from investor funds into his own [...]
Corey Ribotsky Eyeing Green Space Investing
According to Corey Ribotsky of the NIR Group, you either have to be “green focused,” meaning that you just pick and choose green technology, or you have to look at “green infrastructure”.
Xanthoudakis Takes Child’s Play Too Far?
Former Hedge Fund President Norshield Financial Group, John Xanthoudakis is the fourth person to have been arrested for allegedly masterminding a C$120 million fraud. The scam involves the ex-TV production company for children, Cinar. While he may have been successful until now, it seems Xanthoudakis played a little bit too much like a child in [...]
DE Shaw’s Asian Expansion
The $20 billion global hedge fund DE Shaw plans to expand within Asia during 2011. DE Shaw hopes to attract assets from Japanese pension funds in the coming year. The firm’s Tokyo office is presently led by their Japanese country representative Scott Roney, who runs an office of just two employees. The fund will bring [...]
Major Hedge Fund to Open Australia Branch
The London-based hedge fund Caxton Associates will be opening an office in Sydney, Australia, according to the Financial Times. The hedge fund, which manages $US9 billion, is aiming to expand its place in the Asia-Pacific Market. Caxton, which was established in 1963, has a specialty in trading bonds, currencies, rates and stocks as a way [...]
United Kingdom Sees Major Hedge Fund Firm Increase
The third quarter of this year saw more hedge funds established in the UK than during any period since the collapse of Lehman Brothers Holdings in September 2008 and the concomitant fall in world credit markets. During the three months of the quarter, 28 new hedge funds registered with the UK’s Financial Services Authority. This [...]