Tag Archives: banks


A lesson from hedge funds

Herald – When you think about future financial stability, ask yourself this contrarian question: Why is it that the nefarious hedge funds, supposedly the bad boys of the financial world, actually came through last year’s crisis in relatively good shape? […]

UK ‘blocking tough finance rules’

BBC News – The UK has “particular difficulties” regulating hedge funds “to put it politely”, Mr Steinbrueck told the weekly German news magazine. “There clearly is a lobby in London that wants to defend its competitive advantage tooth and claw,” […]

Hedge fund boss accuses PM of ignoring crunch alarm bell

Evening Standard – Jim Chanos said that Mr Brown, while Chancellor of the Exchequer, was given a briefing that predicted banks were in dire danger – more than a year before the crisis hit last year. Mr Chanos, who made […]

Greed can backfire on hedge fund seeders: Man

Reuters – Early-stage investors in hedge funds should not be too greedy when negotiating with start-ups or it may hit their own investment, warns Man Investments, which this week agreed a short-term deal with an Asian start-up fund. Net outflows […]

JPMorgan, Hedge Funds May Lose as Derivatives Proposal Advances

Bloomberg – President Barack Obama sent Congress his plan to rein in the $592 trillion over-the-counter derivatives industry, a measure that would cut into a profitable market for banks led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. […]

Hedge funds shut out as banks win IMO

Times Online – A group of banks that financed the £450 million leveraged buy-out (LBO) of car wash group IMO will take control of the struggling business leaving a rival group of hedge fund investors with nothing. In a High […]

UK fraud authority investigation into BVI company prompts wider probe of structured finance, swaps

Caribbean Net News – The UK Serious Fraud Office is investigating sales of credit-default swaps and structured-finance products, including collateralized debt obligations, prior to the credit crisis, following up an earlier investigation into a hedge fund and a related British Virgin […]

U.K. Probing Hedge Funds, Structured Finance Amid Fraud Concern

Bloomberg – The U.K. Serious Fraud Office is investigating sales of structured-finance products such as credit default swaps and collateralized debt obligations prior to the global financial crisis. The SFO is looking into whether banks that sold the products knew […]

Geneva Funds of Funds Slump as Banks Struggle to Nullify Madoff

Bloomberg – Geneva banks, which began investing client money in funds of hedge funds during the 1960s, are struggling to rebuild the business after market losses and Bernard Madoff’s Ponzi scheme cut assets by 72 percent. The assets of funds […]

Shame on You, Wall Street

Barron – President Obama took credit Wednesday for the recovery in the financial markets while at the same time decrying Wall Street’s profits and the big bonuses that will be paid out as a result. In his prime-time news conference, […]

Geneva Funds of Funds Slump as Banks Struggle to Nullify Madoff

Bloomberg – Geneva banks, which began investing client money in funds of hedge funds during the 1960s, are struggling to rebuild the business after market losses and Bernard Madoff’s Ponzi scheme cut assets by 72 percent. The assets of funds […]

Sovereign fund assets shrink to $3 trln

The Guardian – Value of assets held by the world’s sovereign wealth funds fell to $3 trillion this year from $3.6 trillion at end-2007 as the credit crisis nearly halved their equity portfolio, according to Deutsche Bank. The German bank’s […]

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