Bloomberg - John W. Henry & Co., the investment firm run by the Boston Red Sox baseball team’s owner, is among hedge funds that suffered their worst drops in almost 18 months in July as oil and other commodities retreated from records.
John W. Henry lost 17 percent on its JWH GlobalAnalytics fund, the firm said […]
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Reuters- Beleaguered Swiss bank UBS is considering the sale of Paine Webber, the heart of its U.S. wealth management business, according to sources with direct knowledge of the matter.
UBS is under pressure from the Swiss financial watchdog and from one of its top shareholders, Olivant, to overhaul its business after more than $37 billion (18 […]
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West Palm Beach (HedgeCo.net)- Hedge fund Three Arch Investors has begun buying tracts of abandoned development land in California.
“Property and land values in California have dropped to very low lows and at some stage they will recover." John Godden, managing partner of London-based IGS Group said, “This is the ultimate way to play what everyone […]
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