Energy Asset Plays

Hedge fund Prudence shuns China property, likes utilities, consumer

By Umesh Desai and Nishant Kumar HONG KONG, Nov 2 (Reuters) – China’s property sector credit will offer fewer opportunities after last year’s spectacular gains and investors should switch to consumer-driven plays as the world’s second-largest economy turns to consumption from investment as its key driver, hedge fund Prudence Investment Management said. Sectors such as ... Read More
Posted by EHFC On November - 3 - 2011 Articles of Interest, Energy Asset Plays, Supply & Demand Issues

Deals of the day — mergers and acquisitions

Oct 31 (Reuters) – The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Monday: ** Wi-Lan Inc said on Monday it has no plans to sweeten its hostile takeover bid for rival Canadian patent licensing firm Mosaid after U.S. private equity firm Sterling Partners topped ... Read More
Posted by EHFC On November - 1 - 2011 Energy Asset Plays, Exploration & Production

AIM oil and gas firms to see ‘rise in takeovers’

Increases in mergers and acquisitions of AIM oil and gas firms are expected after big falls in their value, claims accountants Ernst & Young. Its quarterly index shows the value of AIM-listed oil and gas companies fell 26% in the three months to September. The index has been in decline since the start of 2011, ... Read More
Posted by EHFC On October - 24 - 2011 Energy Asset Plays, Exploration & Production, Merger & Acquisitions

Blackstone Said to Target Up to $3 Billion for Energy Fund

By Cristina Alesci (Adds that Blackstone began energy investing in 1997.) Oct. 21 (Bloomberg) — Blackstone Group LP is seeking as much as $3 billion for its first energy fund, aiming to become the biggest diversified private-equity firm investing in the industry, according to two people with knowledge of its plans. The target tops those ... Read More
Posted by EHFC On October - 21 - 2011 Articles of Interest, Energy Asset Plays

Stonehenge Capital’s Hedge Fund Strategy Gets Strong Returns

Florida-based asset management firm Stonehenge Capital Management (SCM) announced Monday that its new direction-neutral hedge fund strategy called Forward Curve Realignment (FCR) resulted in strong returns one month after its launching. FCR returned 0.3 percent in its first month of trading during one of the most turbulent market conditions, SCM Manager Steven Michael said. FCR, ... Read More
Posted by EHFC On October - 21 - 2011 Energy Asset Plays, Energy Hedge Fund Information

Hedge Fund CEO Brownstein Pleads Guilty to Insider Trading

Drew “Bo” Brownstein, the founder and chief executive officer of Denver-based Big 5 Asset Management, pleaded guilty to trading on inside information about a corporate merger. Brownstein, 35, made more than $2.5 million in illegal profits for his hedge fund and for relatives by trading on a tip in advance of Apache Corp. (APA)’s $2.7 ... Read More
Posted by EHFC On October - 14 - 2011 Articles of Interest, Energy Asset Plays, Merger & Acquisitions