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	<title>Hedge Fund News From HedgeCo.Net &#187; appaloosa-management</title>
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	<description>Breaking Hedge Fund News</description>
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		<title>Rivals bet against Morgan Stanley in September</title>
		<link>http://www.hedgeco.net/news/11/2008/rivals-bet-against-morgan-stanley-in-september.html</link>
		<comments>http://www.hedgeco.net/news/11/2008/rivals-bet-against-morgan-stanley-in-september.html#comments</comments>
		<pubDate>Mon, 24 Nov 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[administrative-services]]></category>
		<category><![CDATA[alan-greenspan]]></category>
		<category><![CDATA[appaloosa-management]]></category>
		<category><![CDATA[arthur-sulzberger]]></category>
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		<category><![CDATA[collateralized-debt-obligations]]></category>
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		<category><![CDATA[lehman-brothers-holdings]]></category>
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		<category><![CDATA[onshore]]></category>
		<category><![CDATA[pergam-finance]]></category>
		<category><![CDATA[sailfish-capital-partners-llc]]></category>
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		<description><![CDATA[Forbes &#8211; Major Wall Street firms placed large bets against Morgan Stanley using credit-default swaps, two days after Lehman Brothers Holdings Inc sought bankruptcy protection, the Wall Street Journal said, citing trading records. The firms included Merrill Lynch &#38; Co, Citigroup Inc, Deutsche Bank AG and UBS AG, according to the paper. The paper said [...]]]></description>
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		<title>Former UBS Exec Sentenced in Manhattan</title>
		<link>http://www.hedgeco.net/news/11/2008/former-ubs-exec-sentenced-in-manhattan.html</link>
		<comments>http://www.hedgeco.net/news/11/2008/former-ubs-exec-sentenced-in-manhattan.html#comments</comments>
		<pubDate>Tue, 04 Nov 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[appaloosa-management]]></category>
		<category><![CDATA[arthur-sulzberger]]></category>
		<category><![CDATA[brokerages]]></category>
		<category><![CDATA[chief-executive]]></category>
		<category><![CDATA[default-status]]></category>
		<category><![CDATA[dependence]]></category>
		<category><![CDATA[due-diligence-service]]></category>
		<category><![CDATA[eliot-spitzer]]></category>
		<category><![CDATA[investment-banks]]></category>
		<category><![CDATA[summer-intern]]></category>
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		<description><![CDATA[New York (HedgeCo.Net) &#8211; A former UBS AG executive has been sentenced to 6-1/2 years in prison after pleading guilty to selling private information about the bank&#8217;s stock recommendations.&#160; Mitchel Guttenberg, a former manager in UBS&#8217; equity research department, was accused by the prosecution of running the most pervasive insider trading rings since the 1980&#8217;s. [...]]]></description>
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		<title>Commodities R.I.P. as Leverage Vanishes, Growth Slows</title>
		<link>http://www.hedgeco.net/news/10/2008/commodities-rip-as-leverage-vanishes-growth-slows.html</link>
		<comments>http://www.hedgeco.net/news/10/2008/commodities-rip-as-leverage-vanishes-growth-slows.html#comments</comments>
		<pubDate>Mon, 06 Oct 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[appaloosa-management]]></category>
		<category><![CDATA[cocoa]]></category>
		<category><![CDATA[downside]]></category>
		<category><![CDATA[horizon]]></category>
		<category><![CDATA[index-funds]]></category>
		<category><![CDATA[inflated-prices]]></category>
		<category><![CDATA[investment-arm]]></category>
		<category><![CDATA[investment-firms]]></category>
		<category><![CDATA[lehman-brothers-holdings]]></category>
		<category><![CDATA[lehman-brothers-holdings-inc]]></category>
		<category><![CDATA[market-analyst]]></category>
		<category><![CDATA[merchandising-operations]]></category>
		<category><![CDATA[pergam-finance]]></category>
		<category><![CDATA[sailfish-capital-partners-llc]]></category>
		<category><![CDATA[summer-intern]]></category>
		<category><![CDATA[swap-cds]]></category>

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		<description><![CDATA[Bloomberg &#8211; Commodities markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials. The value of the 19 commodities in the Reuters-Jefferies CRB Index fell $280.6 billion, or 43 percent, from its July 3 peak, a loss larger than their total [...]]]></description>
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		<title>Lehman, UBS Among Firms Involved in Tax Dodge, U.S. Probe Says</title>
		<link>http://www.hedgeco.net/news/09/2008/lehman-ubs-among-firms-involved-in-tax-dodge-us-probe-says.html</link>
		<comments>http://www.hedgeco.net/news/09/2008/lehman-ubs-among-firms-involved-in-tax-dodge-us-probe-says.html#comments</comments>
		<pubDate>Thu, 11 Sep 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[appaloosa-management]]></category>
		<category><![CDATA[asset-growth]]></category>
		<category><![CDATA[giuliani]]></category>
		<category><![CDATA[lehman-brothers-holdings]]></category>
		<category><![CDATA[lehman-brothers-holdings-inc]]></category>
		<category><![CDATA[margin-lending]]></category>
		<category><![CDATA[MI]]></category>
		<category><![CDATA[middle-class-taxpayers]]></category>
		<category><![CDATA[pergam-finance]]></category>
		<category><![CDATA[sailfish-capital-partners-llc]]></category>

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		<description><![CDATA[Bloomberg &#8211; Lehman Brothers Holdings Inc., UBS AG and Merrill Lynch &#38; Co. are among Wall Street firms that concocted derivatives and stock-loan deals to help offshore hedge funds dodge hundreds of millions of dollars in U.S. taxes, according to a U.S. Senate committee investigation. The Internal Revenue Service looked the other way while securities [...]]]></description>
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		<title>Former UBS Trader&#8217;s Hedge Fund Takes a Hit</title>
		<link>http://www.hedgeco.net/news/08/2008/former-ubs-traders-hedge-fund-takes-a-hit.html</link>
		<comments>http://www.hedgeco.net/news/08/2008/former-ubs-traders-hedge-fund-takes-a-hit.html#comments</comments>
		<pubDate>Fri, 15 Aug 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[alan-greenspan]]></category>
		<category><![CDATA[appaloosa-management]]></category>
		<category><![CDATA[bad-taste]]></category>
		<category><![CDATA[brokerages]]></category>
		<category><![CDATA[chief-executive]]></category>
		<category><![CDATA[default-status]]></category>
		<category><![CDATA[due-diligence-service]]></category>
		<category><![CDATA[lee-robinson]]></category>
		<category><![CDATA[lehman]]></category>
		<category><![CDATA[litigants]]></category>
		<category><![CDATA[reliance-capital]]></category>
		<category><![CDATA[summer-intern]]></category>
		<category><![CDATA[term-money]]></category>
		<category><![CDATA[uk-real-estate]]></category>
		<category><![CDATA[world-of-pain]]></category>

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		<description><![CDATA[New York (HedgeCo.Net) &#8211; The SRM Global Master Fund, headed by former UBS AG star trader Jonathan Wood, is down about 85% over the course of its two-year tenure, according to a report by the Wall Street Journal.&#160; Launched in September 2006, the fund grew fast, raising over $3 billion in assets in what was [...]]]></description>
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		<title>RBS Rises on Speculation Hedge Fund Will Seek Breakup</title>
		<link>http://www.hedgeco.net/news/06/2008/rbs-rises-on-speculation-hedge-fund-will-seek-breakup.html</link>
		<comments>http://www.hedgeco.net/news/06/2008/rbs-rises-on-speculation-hedge-fund-will-seek-breakup.html#comments</comments>
		<pubDate>Wed, 04 Jun 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[appaloosa-management]]></category>
		<category><![CDATA[bnp-paribas]]></category>
		<category><![CDATA[intangible-assets]]></category>
		<category><![CDATA[pergam-finance]]></category>
		<category><![CDATA[raanan-agus]]></category>
		<category><![CDATA[royal-bank-of-scotland]]></category>
		<category><![CDATA[securities-firm]]></category>
		<category><![CDATA[supply-disruption]]></category>

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		<description><![CDATA[Bloomberg &#8211; Royal Bank of Scotland Group Plc led gains for European banking stocks on speculation that demand for its rights offer is strong and a U.K. hedge fund is buying shares to push for a breakup. Edinburgh-based RBS, Britain&#8217;s second-biggest bank, rose 8.3 percent to 244.75 pence in London trading. Investors are speculating that [...]]]></description>
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		<title>UBS&#8217;s Commodities Co-Head Quits to Join Hedge Fund</title>
		<link>http://www.hedgeco.net/news/05/2008/ubss-commodities-co-head-quits-to-join-hedge-fund.html</link>
		<comments>http://www.hedgeco.net/news/05/2008/ubss-commodities-co-head-quits-to-join-hedge-fund.html#comments</comments>
		<pubDate>Wed, 28 May 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[activists]]></category>
		<category><![CDATA[appaloosa-management]]></category>
		<category><![CDATA[downside]]></category>
		<category><![CDATA[funnels]]></category>
		<category><![CDATA[investment-firm]]></category>
		<category><![CDATA[nutmeg]]></category>
		<category><![CDATA[offshore-fund]]></category>
		<category><![CDATA[person-team]]></category>
		<category><![CDATA[summer-intern]]></category>
		<category><![CDATA[vision-ltd]]></category>

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		<description><![CDATA[Bloomberg- Hunter Shively, global co-head of UBS AG&#8217;s commodities business for the past seven months, is resigning to join a start-up hedge fund that is raising money to trade energy futures. Shively, 38, will stay on for two months to oversee the handover of the commodities unit&#8217;s North American energy operations, Jerker Johansson, head of [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>UBS $100 Billion Wager Prompted $24 Billion Loss in Nine Months</title>
		<link>http://www.hedgeco.net/news/05/2008/ubs-100-billion-wager-prompted-24-billion-loss-in-nine-months.html</link>
		<comments>http://www.hedgeco.net/news/05/2008/ubs-100-billion-wager-prompted-24-billion-loss-in-nine-months.html#comments</comments>
		<pubDate>Mon, 19 May 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[angela-merkel]]></category>
		<category><![CDATA[appaloosa-management]]></category>
		<category><![CDATA[finance-services]]></category>
		<category><![CDATA[j-p-morgan]]></category>
		<category><![CDATA[legg-mason]]></category>
		<category><![CDATA[luxembourg]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[self-regulation]]></category>

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		<description><![CDATA[Bloomberg &#8211; The annual shareholders meeting of UBS AG used to be a time for Chairman Marcel Ospel to gloat over his accomplishments. Shareholders would praise Ospel for turning a slow-growing, insular Swiss bank into a global financial powerhouse, with a stock price that rose 115 percent from January 1999 to January 2007. Just last [...]]]></description>
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