Journalist, New York
Katya's Feed
Sep 18, 2012

Judge rules on legal spat between ex-Soros traders

NEW YORK (Reuters) – A judge has ruled on a legal spat between two former Soros Fund Management colleagues who launched their own firm in 2005, coming down on the side of a credit analyst who accused his former partner of withholding millions of dollars owed to him.

William Seibold and Richard Brennan founded Camulos Capital in 2005 after working together at George Soros’ eponymous hedge fund, Soros Fund Management, for about three years. The pair were part of a $1 billion team that specialized in distressed debt investments.

Sep 18, 2012

U.S. judge rules on legal spat between ex-Soros traders

NEW YORK, Sept 18 (Reuters) – A judge has ruled on a legal
spat between two former Soros Fund Management colleagues who
launched their own firm in 2005, coming down on the side of a
credit analyst who accused his former partner of withholding
millions of dollars owed to him.

William Seibold and Richard Brennan founded Camulos Capital
in 2005 after working together at George Soros’ eponymous hedge
fund, Soros Fund Management, for about three years. The pair
were part of a $1 billion team that specialized in distressed
debt investments.

Sep 12, 2012

Economy out of “intensive care:” Bridgewater’s Dalio

NEW YORK (Reuters) – Hedge fund titan Ray Dalio said the economy had come out of the “intensive care unit,” but he warned against any quick move to “austerity” budget measures.

“We were in the intensive care unit,” Dalio, who runs the $120 billion hedge fund Bridgewater Associates, told more than 200 guests at the Council of Foreign Relations in New York on Wednesday. “We are largely healed and largely operating in a manner that is sustainable if we don’t hit an air pocket.”

Sep 12, 2012

Bridgewater’s Dalio: U.S economy out of ‘intensive care’

NEW YORK, Sept 12 (Reuters) – Hedge fund titan Ray Dalio
said the U.S economy had come out of the “intensive care unit,”
but he warned against any quick move to “austerity” budget
measures.

“We were in the intensive care unit,” Dalio, who runs the
$120 billion hedge fund Bridgewater Associates, told more than
200 guests at the Council of Foreign Relations in New York on
Wednesday. “We are largely healed and largely operating in a
manner that is sustainable if we don’t hit an air pocket.”

Sep 10, 2012

California urges fed probe of eminent domain ‘threats’

NEW YORK, Sept 10 (Reuters) – California Lieutenant Governor
Gavin Newsom says he wants the U.S. Department of Justice to
investigate “threats” against local communities that are
considering using eminent domain to seize and restructure poorly
performing mortgages to benefit cash-strapped homeowners.

Newsom sent a letter on Monday to U.S. Attorney General Eric
Holder asking federal prosecutors to investigate any attempts by
Wall Street investors and government agencies to “boycott”
California communities that are considering such moves.

Sep 10, 2012

California official urges AG Holder to stop eminent domain “threats”

NEW YORK (Reuters) – California Lieutenant Governor Gavin Newsom says he wants the U.S. Department of Justice to investigate “threats” against local communities considering using eminent domain to seize and restructure poorly performing mortgages to benefit cash-strapped homeowners.

Newsom sent a letter on Monday to U.S. Attorney General Eric Holder asking federal prosecutors to investigate any attempts by Wall Street investors and government agencies to “boycott” California communities that are considering such moves.

Sep 10, 2012

Calif official urges AG Holder to stop eminent domain ‘threats’

NEW YORK, Sept 10 (Reuters) – California Lieutenant Governor
Gavin Newsom says he wants the U.S Department of Justice to
investigate “threats” against local communities considering
using eminent domain to seize and restructure poorly performing
mortgages to benefit cash-strapped homeowners.

Newsom sent a letter on Monday to U.S. Attorney General Eric
Holder asking federal prosecutors to investigate any attempts by
Wall Street investors and government agencies to “boycott”
California communities that are considering such moves.

Sep 10, 2012

Investors cash-in on land deals as U.S. housing picks up

NEW YORK (Reuters) – From the outskirts of Las Vegas to the coast of California, stretches of undeveloped land in some of the most depressed housing markets in the U.S. are in high demand.

Money managers such as BlackRock Inc (BLK.N: Quote, Profile, Research, Stock Buzz), hedge fund Angelo Gordon & Co and real estate investment firm Starwood Capital, are beginning to cash-in on so-called shovel-ready residential land-tracts with most of the pre-construction and zoning approvals already in place.

Sep 7, 2012

Hedge funds edge up in August, helping yearly performance

NEW YORK, Sept 7 (Reuters) – Hedge fund returns inched up in
August, recording a 0.7 percent gain for the month as the U.S
stock market continued its third-quarter rally, according to
industry tracker eVestment|HFN.

It was the third consecutive month of positive performance
for the more than $2 trillion hedge fund industry, and last
month’s gains helped to push average yearly returns to 4.1
percent, data released on Thursday showed.

Aug 2, 2012

Loeb’s Third Point makes big bet on Kraft

NEW YORK, Aug 2 (Reuters) – Hedge fund manager Daniel Loeb
made a big wager on Kraft Foods in July, telling
investors in his $8.7 billion firm that a stake in the food
maker is now one of the firm’s largest positions.

Loeb’s Third Point listed Kraft as its fifth largest
position as of July 31 in a monthly investor report obtained by
Reuters.

    • About Katya

      "Katya Wachtel is a hedge fund and big money reporter for Reuters. She hails from Melbourne. Australia, not Florida. You can contact her at katya.wachtel@thomsonreuters.com"
    • Follow Katya