Telegraph.co.uk - A move by US and European central banks, as well as by central banks in China, Taiwan, Hong Kong, Australia and South Korea, to slash borrowing costs has failed to reassure investors.
"It’s impossible to predict the bottom, and technical analysis is meaningless as panic and fear overwhelm the markets," said Jang Huh, […]

Glasgow Daily Record - Insurers Prudential yesterday named the former boss of the world’s largest listed hedge fund manager as their new chairman.
Harvey McGrath, 55, will join the board on September 1 and take over from Sir David Clementi in January.
McGrath worked at Man Group for 27 years, acting in range of […]

New York (HedgeCo.Net) - Treasury Secretary Henry Paulson outlined a plan yesterday that may give some power to the U.S. government when hedge funds come to the end of the road.
Paulson said that in the event of trouble, he wanted “"additional powers to manage the resolution, or wind-down, of large non-depository financial institutions, such […]