Tag Archives: curbs


They Just Don’t Get It

Washington Post – That is the technical economic term that best sums up a day in which the House of Representatives refuses to pass a $700 billion rescue plan pushed by the White House and congressional leaders from both parties, […]

JPMorgan Purchases WaMu Branches for $1.9 Billion

New York (HedgeCo.Net) – JPMorgan Chase & Co. has purchased Washington Mutual’s branch network for $1.9 billion, making them the largest U.S. bank by deposits. The deal was encouraged by the U.S. government after consumers withdrew over $16 billion from […]

Hedge Funds Hoard $600 Billion in Cash

Minyanville.com – While they’re not deviously plotting the demise of the worlds’ most powerful financial institutions, hedge funds are loading up on another popular trade: Cash. According to the Financial Times, Citigroup estimates hedge funds have recently squirreled away as […]

Hedge funds move $100bn into safe havens

Financial Times – Hedge funds charging hefty fees for sophisticated trading strategies aimed at outperforming the wider market have collectively parked $100bn in simple money market funds typically used by investors seeking safe rather than spectacular returns. Citigroup estimates that […]

Merrill Pushing Bad Debt for Petty Prices

New York (HedgeCo.Net) – Merrill Lynch is still hoping to strike a deal in which Korea Asset Management Corp. would purchase a significant amount of their bad debt.  Talks have been stagnant because of recent disputes over prices, but some […]

JGB futures tumble as hedge fund selling spooks

CNBC – Japanese government bond futures tumbled nearly a full point on Thursday, with traders citing selling by foreign funds in a move that was exaggerated by thin conditions. September futures plunged as much as 1.14 points to 137.11 as […]

Lehman May Put a Prized Unit on the Block

The Ledger – Lehman Brothers, the troubled investment bank, is considering the sale of all or part of its prized money management division to private equity firms to raise billions of dollars of capital and ease the pressure caused by […]

Cuomo Pressing Major Banks in ARS Probe

New York (HedgeCo.Net) – Less than one week after UBS and Citigroup were called upon to buy back over $30 billion in bad auction-rate securities, New York Attorney General Andrew Cuomo is forcing JPMorgan, Morgan Stanley and Wachovia to follow […]

Merrill, Citigroup to Buy Back $30 Billion in ARS

New York (HedgeCo.Net) – Merrill Lynch and Citigroup, two banks that have already written down billions in losses, will buy back $30 billion in auction-rate securities as part of an agreement with regulators.  This comes after the threat made by […]

Citigroup to Close Another Hedge Fund

New York (HedgeCo.Net) – Citigroup Inc. will close its $400 million Tribeca Convertible hedge fund in what will help wind down the $2 billion Tribeca Global Investments Group, according to a report published on Bloomberg.com.  The closing of the fund […]

DIFC denies reports about involvement in Rashed Investment Bank

The DIFC has clarified its position on news reports that have recently appeared regarding ‘Rashed Investment Bank’ an Islamic investment bank which has been proposed to be set up in Dubai. The DIFC said that while it welcomes initiatives within […]

AIG Earnings Slump on Private Equity, Hedge Funds

Bloomberg – Just when American International Group Inc. shareholders figured things couldn’t get worse at the world’s largest insurer, profit from the company’s private equity and hedge fund investments is evaporating. Earnings from so-called alternative holdings were probably close to […]

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