Tag Archives: credit-losses


Freddie Mac reports first profit in two years

Reuters – Freddie Mac, the second largest provider of U.S. home mortgage funding, on Friday posted its first quarterly profit in two years as gains from hedges and a one-time accounting change offset still-lofty credit losses. For the first quarter […]

Anglo-Saxon hedge funds shorting on Madrid falls

Telegraph.co.uk – EU data shows that Philip Falcone, the US hedge fund baron who led the assault on HBOS, has sold short €138m (£108m) of Banco Popular’s shares, or 1.65pc of the total float, through his fund Harbinger Capital. He […]

Cameron hit by new hedge-fund row as Tory Party conference begins

Times Online – The Tory party conference got off to an embarrassing start today after it emerged that the Conservatives have taken large donations from hedge-fund managers whose firms made vast sums of money from taking bets in some of […]

How hedge funds, tax exiles and City financiers helped fund the Tories

Guardian.co.uk – The Tories were accused last night of being bankrolled by a City ‘wolf pack’ after it emerged that the party was receiving hundreds of thousands of pounds from hedge fund managers who have been making vast sums of […]

Seven hedge funds bet millions on Irish banks falling

Irish Times – Seven international hedge funds have bet hundreds of millions of euro that Irish bank stocks will continue to fall. Although it is normal stock market practice, since last Friday short-selling of the four Irish publicly quoted banks […]

More to play for in hedge funds

Reuters UK – The hedge fund industry’s trade-of-the-moment — betting on falling financial stocks and rising commodities — is set to offer further profits, despite July’s setback, but managers may have to alter their tactics. Hedge funds may well profit […]

Swing back to bank stocks is overdone, says Merrill Lynch

Times Online – The fashionable investment tactic of the past month – buying bank stocks while selling energy companies – could already have gone too far, Merrill Lynch, the financial management group, warned clients yesterday. In mid-July, hedge funds, pension […]

Man who foresaw credit crunch pays himself £28m

Irish Independant – The fund manager who predicted that the credit crunch would rip a hole through the banking sector has been rewarded with £28m (€35m) in pay and bonuses. Crispin Odey trousered the bulk of the profits made by […]

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