Tag Archives: obama


In Chrysler Saga, Hedge Funds Cast As Prime Villain

President Obama’s harsh attack on hedge funds he blamed for forcing Chrysler into bankruptcy yesterday sparked cries of protest from the secretive financial firms that hold about $1 billion of the automaker’s debt. Hedge funds and investment managers were irate […]

New Legislation Proposed, Raising Hedge Fund Issues

West Palm Beach (HedgeCo.net) – Carried interest legislation is being considered at the federal, state and local level, raising significant local and international tax issues. Carried interests, which form an essential element of business in almost every section of the […]

Geithner’s Toxic Asset Plan: Wall Street Finally Cheers

Time.com – To stop the economy’s deflationary spiral, President Obama and Treasury Secretary Tim Geithner need to get toxic assets off banks’ balance sheets so the banks can start lending again. With much fanfare and after much delay, Geithner on […]

Obama’s toxic assets plan greeted with skepticism

Associated Press – The Obama administration’s latest plan to help banks get credit flowing again is drawing a tepid reaction from investors and academics, who say the proposal comes with too many strings attached and is unlikely to stimulate lending […]

UBS, Stanford Propel Offshore Crackdown

New York (HedgeCo.Net) – A federal judge has set a July 13 hearing for UBS, in which they may be forced to disclose names associated with 52,000 secret Swiss bank accounts holding more than $14.8 billion in assets.  UBS continues […]

Global Macro Hedge Funds Are Weathering the Storm

Seeking Alpha – If someone was asked to name a fund in the global macro game, undoubtedly Tudor Investment Corp or Moore Capital Management would be among the most frequent responses. The global macro strategy has fared well in the […]

Hedge Fund Tracking: Moore Capital Management

Seekingalpha.com - Moore, named after Bacon’s middle name, is a $10 billion global macro set of hedge funds. The next few funds we will be covering are global macro oriented funds, which is a switch from some of the more value […]

Moore Hires Greg Coffey as European Co-Chief Investment Officer

Bloomberg – Moore Capital Management LLC, founded by Louis Bacon almost two decades ago, tapped Greg Coffey, former GLG Partners Inc.’s top-performing money manager, to be co-chief investment officer of Moore’s European business. Coffey, 37, will join London-based Moore Europe […]

Stanley Shopkorn, Ex-Moore Equities Chief, to Start Hedge Fund

Bloomberg – Stanley Shopkorn, a former head of equities trading at Louis Bacon’s Moore Capital Management LLC, plans to open a global stocks hedge fund, according to a person with direct knowledge of the matter. Hilltop Park Fund LP, based […]

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