Tag Archives: bankruptcies


General Growth files for bankruptcy protection

Reuters – General Growth Properties Inc GGP.N, the second largest U.S. mall owner, on Thursday filed for bankruptcy protection on Thursday, making it one of the biggest real estate bankruptcies in U.S. history. Ending months of speculation, the Chicago-based mall […]

Hedge-Fund Collectors Browse Colorful Currencies at Lugano Show

Bloomberg – Switzerland’s asset managers and private bankers haven’t drawn much mirth from investing this year, making the timing of the “Art of Money” show in Lugano ironic. The exhibition by New York-based artist Jenna Lash features a dozen brightly […]

Swiss hedge fund industry to grow as crisis bites

Reuters UK – Switzerland’s fledgling hedge fund industry is set for strong growth in the coming years as the credit crisis forces the industry to focus on lower-cost centres and the country aims to lure managers back from London. Lower […]

UK shorting ban could help rival hedge fund centres

Reuters UK – Britain’s temporary ban on short-selling financial stocks is irksome for London’s hedge funds and is another factor which could help undermine the city’s pre-eminent position in Europe as a hedge fund base. Short-selling is a key trading […]

US hedge fund Fairfield, Swiss private bank merge

Reuters – U.S. hedge fund Fairfield Greenwich Group has merged with Swiss private bank Banque Benedict Hentsch, bringing their combined assets under management to more than $18 billion. The deal will allow Fairfield’s clients to access Banque Benedict Hentsch’s (BBH) […]

Major hedge fund set to leave London for lower Swiss taxes

Evening Standard – Krom River, which has £453 million in assets, said it was moving to Switzerland, known for its low tax regime. The fund is one of the few to perform well in the credit crunch and would see […]

Arpad Busson, a hedge fund

Times Online- Arpad Busson was 10 minutes late. As the 44-year-old financier (who is also actress Uma Thurman’s boyfriend) hobbled through the door of his Mayfair boardroom, it became apparent why. “I’ve done my back in,” said Busson, in a […]

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