This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Hedge Fund Report: Trading to a Major Quarter

The money is for a capital-guaranteed hedge fund product, a kind of hedge fund derivative. Investors can buy units in the form of bonds and get exposure to two of Man's hedge funds: a managed futures fund and a fund of funds. Man is an expert in this kind of deal, often called structured product notes, which are hybrids of fixed-income instruments and a hedge fund. The capital-guarantee feature offers principal protection as long as the notes are held until maturity. Investors can buy in different currencies targeting different regions.

Same to You

Lawsuits between hedge funds and companies are nothing new, particularly with all the activists floating around these days. Companies often sue when they suspect that hedge funds are acting as a group. When they are, they're required by the Securities and Exchange Commission to file 13Ds jointly -- but the rule has spotty compliance.

Managers, on the other hand, tend to sue companies when they feel that they are being blocked from winning board seats.

That's what happened with Santa Monica Partners, a Larchmont, N.Y.-based hedge fund, which filed a lawsuit against Warwick Valley Telephone Company (WWVY) last week. The suit seeks to prevent the company from employing a bylaw provision requiring 120 days' notice in order to nominate directors. The lawsuit contends that the company announced the resignation of two of its directors on March 24, failing to give the hedge fund enough notice to nominate its two candidates for the April 28 annual meeting. The company is countersuing.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MCD $129.78 0.39%
RSG $47.72 0.59%
WEN $10.91 -1.70%
CASA $3.83 -4.96%
AAPL $92.34 -0.97%


Chart of I:DJI
DOW 17,662.73 +2.02 0.01%
S&P 500 2,044.73 -5.90 -0.29%
NASDAQ 4,695.2610 -21.8330 -0.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs