Tag Archives: banking crisis


Hedge fund NewSmith pays members 29 million pounds

Reuters UK – London-based hedge fund firm NewSmith paid its senior staff 29.4 million pounds last year despite some of its investments running into trouble during a volatile year for markets. NewSmith, one of the hedge fund firms to appear […]

Darling warns banks of return to risk-taking

Times Online – Alistair Darling has warned that he will impose tougher regulation to avoid a repeat of the banking crisis amid fears of a return of the bonus-driven, risk-taking culture in the City. The Chancellor told The Independent newspaper […]

Six exit hedge fund firm NewSmith in cost cuts

Reuters UK  – NewSmith Capital Partners, one of the hedge fund firms to appear before a parliamentary committee investigating the UK banking crisis in January, has lost six staff as it cuts costs in a tough period for the industry. […]

Aozora Posts 242.6 Billion Yen Loss on GMAC, Hedge Fund Losses

Bloomberg – Aozora Bank Ltd., the Japanese lender controlled by Cerberus Capital Management LP, posted its first loss in a decade, after investments in U.S. lender GMAC LLC and Bernard Madoff soured. The bank booked a 242.6 billion yen ($2.5 […]

Hedge Funds Advance 1.37% in March

New York (HedgeCo.Net) – Hedge funds gained 1.37 percent in March, according to data compiled by the Hennessee Group LLC.  It was a successful month for the equity markets at well, with the S&P advancing 8.54 percent, the NASDAQ climbing […]

Curb on hedge funds likely as EU leaders back reforms

Independent – European leaders backed major reform of hedge funds yesterday as part of structural changes to help the world’s financial institutions emerge stronger from the global economic crisis. Short-selling by the secretive hedge fund industry — selling borrowed stock […]

Partner exits hedge fund firm NewSmith Capital

Reuters – NewSmith Capital Partners, one of the hedge fund firms to appear before last month’s Treasury Select Committee into the banking crisis, told Reuters on Thursday partner Jeremy Silewicz had left the firm. Silewicz, who joined NewSmith in March […]

Treasury Select Committee turns the spotlight on hedge funds

Times Online – They are the financial world’s most secretive and unaccountable men — but also among its wealthiest and most influential. Today, four of the sharpest speculators in the hedge fund industry will be thrust into the spotlight when […]

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