Each business day HedgeCo.Net keeps you informed with the top hedge fund industry news, opinion and insight from around the globe. From the latest hedge fund launches, to the impact of regulation, competition, and investor activism - we track the topics and people that make a difference to you.
Forbes – John Rutledge is the chairman of Rutledge Capital, a private equity investment firm that has invested more than $150 million in middle-market manufacturing, distribution and service companies. He is also member of the Advisory Boards of B.V. Group, a venture capital, hedge fund and real estate investment firm, and First Q Capital, a hedge fund.
Rutledge is a visiting professor at the Chinese Academy of Sciences and chief adviser for finance and investment to the governor of the Haidian District in Beijing. He is a board member of the Progress and Freedom Foundation, the Heartland Institute and a senior fellow at the Pacific Research Institute.
10 News – Investors will be listening closely to details of the $1 trillion toxic asset-purchase program to be announced Monday as the Obama administration seeks to provide enough information to satisfy markets and avoid the kind of stock meltdown seen last month.
Then, Treasury Secretary Timothy Geithner disappointed by giving only broad outlines of the government’s approach to kick-start lending and the overall economy. With the sharp market plunge that followed Geithner’s speech on Feb. 10 still a fresh memory, administration officials Sunday sought to temper expectations for Monday’s announcement. "Ridding bank balance sheets of problem assets is the next step in that process of fixing the financial system, but it alone won’t solve the credit problem," Treasury Department spokesman Andrew Williams says.
