Daily News; White Plains

Hardt Acquires Private Equity Business

LONDON (HedgeWorld.com) - Building on a private equity venture formulated last year, Hardt Group has bought out London-based Kingsbridge Capital to form Hardt Group Capital Partners Ltd. Billing itself as an international alternatives firm, Hardt now seems to have the private equity piece of its operations firmly in place. Traditionally, Hardt has offered single hedge funds and funds of hedge funds, which makes up the majority of the firms' US$900 million in institutional investor assets.

Horseman Capital Launches New Pan-European Fund

LONDON (HedgeWorld.com) - Horseman Capital Management debuted its newest offering, the Horseman European Select Fund Ltd., on July 1. The long/short equity fund invests primarily in western European markets and is managed by Stephen Roberts. The bulk of the assets in the fund - 75% - are in mid-cap companies, said Alain Zakeossian, client relationship manager for Horseman. Mr. Roberts will take a directional approach based upon bottom-up research on 30 to 45 individual companies; at the end o...

Consensus Joint-Ventures with Iam

LONDON (HedgeWorld.com) - The board of Integrated Asset Management plc announced that Pendana Ltd., an affiliate of Consensus Business Group Ltd, London, has now subscribed for 1 million new ordinary shares, which represents 5.9 % of the enlarged ordinary share capital of Integrated. The principal of Consensus is Vincent Tchenguiz, chiefly known as a real estate developer, (he began in that business by buying apartments in west London with his brother, Robert) although he has more recently ma...

Commodities On the Rise at Mid-Year Dow Jones Index Outlook

CHICAGO (HedgeWorld.com) - As commodity prices continue to escalate, some to all-time highs, the Dow JonesAIG Commodity Total Return Index has risen more than 11% year-to-date through July 18. A panel of market experts convened on the trading floor of the Chicago Board of Trade to discuss the index and offer an outlook on commodities for the remainder of the year. Concerns over the lack of spare capacity among oil producers and possible drought damage to this year's grain crop are contributin...

Jana, with 11%, Gets Voice On Artesyn Board

SAN FRANCISCO, Calif. (HedgeWorld.com) - Jana Partners, LLC, an activist hedge fund, designated Marc Weisman as its representative on the board of directors of Artesyn Technologies, Inc., Boca Raton, Fla., as part of Jana and Artesyn's stand-still agreement. Mr. Weisman is a frequent ally of Jana, as well as a principal of Sagaponack Partners LP, San Francisco, a private equity fund.

Lawsuit: Hedge Funds Helped Lazard Inflate Its Ipo Price

NEW YORK (HedgeWorld) - A plaintiffs' law firm filed a class action July 15 against Lazard Ltd., various named individuals and Goldman Sachs, claiming that the defendants artificially inflated Lazard's price at its initial public offering in May 2005 in a scheme said to have involved (unnamed) hedge funds. The lawsuit, filed in the federal district court for Manhattan, claims that the law firms' named client, Stanley Sved, and others similarly situated, purchased shares on the open market bet...

Taylor Expands Team with Compliance and Client Relations Additions

NEW YORK (HedgeWorld.com) - The Taylor Companies, a Greenwich, Conn., investment adviser, named Christine Woodhouse counsel and Cathleen Rittereiser director of investor relations. Both positions are new. Thomas Taylor said in a statement that the regulatory landscape is shifting not only for corporations but also for hedge funds. "Having top-notch legal advice and compliance procedures is critical to protecting the interests of our investors," he said.

Air Crew Strike Makes Work for Travel Agents

By KRYSTI WETTON and NZPA --------------------

Skirl of Pipes Leads New Boss In

BAGPIPES led Puke Ariki's new manager and his wife to a full Maori powhiri on Sunday. About 70 people welcomed Bill Macnaught and wife Kate to the combined library, museum and visitor information centre in central New Plymouth.

Witt May Be in Line for a $1m Christmas Present

CHANGES to tertiary education funding could see WITT given another $1 million by Christmas. "I'm not going to give them an absolute guarantee that they will survive in their current form, but it's pretty much likely," Education Minister Trevor Mallard said yesterday.

Women Come Out Fighting for Historical Rest Rooms

MORE THAN 3000 signatures calling for the retention of the James Lane women's rest rooms were handed to council yesterday as the public consultation for the Huatoki Development closed. Janice Taylor, from the New Plymouth Women's Centre, handed the chairman of the development's working party, deputy mayor Lyn Bublitz, a folder containing at least 3200 signatures on a petition that had only been going for a month.

Witness Disappears, Case Dropped

THE failure of a key Crown witness to turn up in court yesterday stopped a trial going ahead, and a New Plymouth man had his drugs and firearms charges dismissed. The witness had been called to give evidence in the New Plymouth District Court during the jury trial of James Laughton Reeves, which was set to start yesterday.

Paralysed Teen Feeling at Home

A WAITARA teenager paralysed from the waist down by a mystery illness is back at home and looking forward to getting on with life. Kristian Duckett (16) was in Christchurch's Burwood Spinal Unit for almost four months after a mysterious paralysis struck him down on the way to work in March.

Accident Closes Road

Second Prize for Fitzroy

Police Talk Man Down From Roof

POLICE had to talk a man down from the roof of a New Plymouth building yesterday. The man had climbed over the railing at the top of the Centre City carpark building just before 2pm.

Board Looks to Keep Historic Eltham Site

THE Eltham Community Board is looking for creative ways to ensure the town's municipal building in Stanners St is retained for use as a community health centre, by a local trust. The building has been given a market value of $180,000, therefore its rental at the accepted 10.5% of value should be $1800 a month, the community board was told yesterday. Neither of these is affordable for a trust which has $60,000 in the bank.

Police Seek Career Criminal

POLICE are searching for a man they describe as a career criminal who failed to appear in the New Plymouth District Court last week. Kenneth John Burns, who has 130 previous convictions, failed to appear on July 14 on a charge of shoplifting.

[ Turn Key ][No Published Headline]

TURN KEY: When it comes to big old spanners, Taranaki appears to have plenty of them. The Taranaki Daily News ran a photograph of Mike Coil's Okoki adjustable last week, then Puke Ariki museum's 1.25m wedge-locked spanner.

Search On for Exceptional Pooches

CALLING all canine heroes. The annual search for national dog heroes is under way and owners have until next month to nominate their pets.