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AbCap Shares Suspended
- Article from:
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Daily News
- Article date:
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July 2, 2008
- Author:
- Bill McIntosh, Senior Financial Correspondent
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Copyright informationCopyright 2008 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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LONDON (HedgeWorld.com) - Share trading in Absolute Capital
Holdings Ltd. was suspended on Tuesday [July 1] after the troubled
hedge fund manager failed to publish its final accounts for 2007
within the six-month period required under Alternative Investment
Market listing rules.
AbCap said publication of the results would be delayed for about
20 business days. It expects the results should be available for
dispatch to shareholders no later than July 28.
After the shock September 2007 departure of Florian Homm, the co-
founder and co-chief investment officer, AbCap froze redemptions
from several equity long/short funds and its stock plummeted. Last
month, the firm spun off its credit hedge ...
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AbCap to Spin off Argo Credit Fund Arm
Daily News;
May 14, 2008 ;
Bill McIntosh, Senior Financial Correspondent;
787 words
......than 33% of the shares, would give each AbCap shareholder one new share in an independent...Jonathan Treacher, chief executive of AbCap, said in an interview. "The holding company...events of September." Those events saw AbCap co-founder and chief investment officer...
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Hipersur completes restructuring process.
South American Business Information;
February 9, 2004 ;
131 words
......Chilean regional supermarket chain, has completed the restructuring process it launched one year ago. The process involved the sale...According to Hipersur, it was hard to carry out the restructuring process but it was necessary to prepare the company to face falling...
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Ventura carries out restructuring process to avoid bankruptcy.
South American Business Information;
June 12, 2003 ;
224 words
......domestic appliance retail chain, has been undertaking a deep restructuring process since the beginning of 2003 in an attempt to avoid bankruptcy...debts of US$14mil with suppliers. After a Pesos$7mil restructuring process, Dos Reis managed to take the company out of the red...
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Cencosud carries out restructuring process.
South American Business Information;
April 30, 2003 ;
168 words
......centers in Chile and Argentina, is currently carrying out a restructuring process. As part of the process, Stefan Krause, director of Jumbo...of the company, who is now responsible for the group's restructuring process. Mr. Krause, who has left the company for personal reasons...
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Sancor launches restructuring process.
South American Business Information;
December 18, 2003 ;
142 words
......the Argentinean dairy products company, has launched a restructuring process which includes the closure of some plants and distribution...and the La Plata and Quilmes distribution centers. The restructuring process will also involve the axing of 600 jobs. As regards international...
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Argentina: Petrobras Energia carries out deep managerial restructuring...
South American Business Information;
September 28, 2004 ;
191 words
......PeCom Energia, has been undertaking a deep managerial restructuring process. Petrobras Energia has interests in the oil and gas exploration...fuel refining and petrochemical sectors. As part of the restructuring process, the refining and petrochemical director Haroldo Dahn...
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AbCap Plunges to 33 Million Euro Loss
Daily News;
July 22, 2008 ;
Bill McIntosh, Senior Financial Correspondent;
594 words
......operator's 2007 financial performance. AbCap has declared a pre-tax loss of 32.9 million...euro operating profit, up 50% from 2006. AbCap has scrapped its dividend after paying...results announcement on Tuesday [July 22], AbCap shares regained their listing on the Alternative...
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NRI Industries starts restructuring process.
Rubber & Plastics News;
September 18, 2006 ;
Moore, Miles;
431 words
......be reached for comment. NRI anticipates an expedited restructuring process, about three to four months, according to Power. CCAA...suppliers to gain their support while it works through the restructuring process, Power said. It also has arranged a debtor-in-possession...
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Two Directors Leave AbCap, New Chairman Sought
Daily News;
December 5, 2007 ;
Bill McIntosh, Senior Financial Correspondent;
476 words
......chairman has been set, Jonathan Treacher, AbCap's chief executive, is in London interviewing...co-chief investment officer, suddenly quit AbCap amid revelations of illiquid investment...remain non-executive directors of several AbCap funds domiciled there. "The sensible thing...
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AbCap Finance Director Resigns
Daily News;
December 28, 2007 ;
Bill McIntosh, Senior Financial Correspondent;
632 words
......successful early 2006 initial public offering. AbCap has no successor in place and is expected...and management personnel, a source said. AbCap is expected to seek an experienced finance...firms. Mr. Sisk's resignation means that AbCap is now recruiting a finance director in...
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Varig chooses Portugal's TAP as partner in debt-restructuring process
AP Worldstream;
November 2, 2005 ;
183 words
......chosen Portugal's airline TAP as it partner in a debt restructuring process aimed at saving it from bankruptcy, the Brazilian airline...Tuesday night. TAP's proposal to be Varig's partner in the restructuring process was chosen over six other offers by the Rubem Berta Foundation...
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Richtree's Restructuring Process
CCNMatthews Newswire;
January 31, 2005 ;
376 words
......steps in the Corporation's CCAA restructuring process and Catalyst has agreed to the...and CEO of Richtree, said: "the restructuring process is advancing and this latest extension...shares (MOO.SV.B) from the Richtree restructuring process and therefore do not likely have...
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Rialas Brothers Up AbCap Stake to 33%
Daily News;
February 11, 2008 ;
Bill McIntosh, Senior Financial Correspondent;
471 words
......consideration relates to terms agreed upon in AbCap's 50 million ($99 million) acquisition...The deal, which saw Andreas Rialas join AbCap as co-chief investment officer in charge...redemptions on several funds, has sent AbCap stock down more than 90%, valuing the entire...
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Richtree's Restructuring Process.
Canadian Corporate News;
January 31, 2005 ;
412 words
......steps in the Corporation's CCAA restructuring process and Catalyst has agreed to the...and CEO of Richtree, said: the restructuring process is advancing and this latest extension...shares (MOO.SV.B) from the Richtree restructuring process and therefore do not likely have...
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Cisneros Group of Companies reaffirms commitment to DIRECTV Latin America...
Latin America Telecom;
March 1, 2004 ;
184 words
......24th announcement that it has successfully completed its restructuring process and emerged from Chapter 11, the Cisneros Group of Companies...America. The Cisneros Group of Companies believes the restructuring process has provided DIRECTV Latin America a stronger foundation...
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