Tag Archives: pariah
Help wanted on Wall Street
CNN Money – No one would dare go so far as to say that the Wall Street job market is bright. Through June, financial firms of all stripes have shed an estimated 63,000 jobs over the past year, according to […]
Singapore fund management assets up 32 pct
Reuters Singapore- Assets managed by fund managers in Singapore grew 32 percent to S$1.173 trillion (431 billion pounds) last year, driven by a doubling in assets held by hedge funds, the central bank said on Thursday. "This is the seventh […]
Investors quit emerging markets for developed safety
Reuters UK- Investors are responding to the sharp falls on equity markets around the world by shifting from what are now being seen as vulnerable emerging markets to relatively safer developed ones. The moves — which can be seen in […]
Perella Weinberg Hedge Fund Gains 24% on Distressed Investments
Bloomberg- Perella Weinberg Partners’ Xerion hedge fund rose 24 percent this year, helped by wagers that the value of investment-grade bonds of financial-services firms would fall, according to a letter sent to investors. The $837 million fund, which invests in […]
Credit crunch to sting into next year
Reuters UK- A near one year-old credit crunch still has plenty of venom and will sting global financial markets and the economy well into next year or even into 2010, a Reuters poll found. On the eve of its one-year […]
Top funds may have lost $4 bln on Freddie and Fannie
Reuters- Some of the best known U.S. fund firms probably suffered significant losses in last week’s meltdown in the stocks of mortgage finance agencies Fannie Mae and Freddie Mac. Among the casualties may be the one-time star stock-picker Bill Miller […]
Leopard Capital Competes to Invest in Cambodia Acleda Bank
Bloomberg – Leopard Capital, which is setting up a $100 million private-equity fund to invest in Cambodia, said it’s competing to buy a stake in Acleda Bank Plc, the largest Cambodian bank. “It’s the best-run bank, it’s clean and it […]
Recent failures slow growth of Icahn
Boston Globe- Carl Icahn has hit the roughest patch of his hedge fund career. His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds opened in November 2004, according to […]
CAAM says Brazil best Latin American bet
Reuters- Investors betting on Latin America should be overweight Brazil, the region’s top economy, at the expense of exposure to Argentina, Mexico and Chile, a Credit Agricole Asset Management (CAAM) executive said on Monday. They should also be overweight the […]
Japan relaxes tax rules to draw more foreign funds
TOKYO, June 27 (Reuters) – Japan has relaxed its tax code so foreign asset managers and hedge funds can avoid dual taxation, as part of Tokyo’s push to revive itself as a global finance centre. In a two-step process that […]
406 indicted in crackdown on mortgage fraud
Ventura County Star- More than 400 real estate industry players have been indicted since March, — including dozens in the last two days — in a Justice Department crackdown on incidents of mortgage fraud that stem from the country’s housing […]
Hedge star Paulson says credit crisis not over
Reuters- The credit crisis is not over, and losses in the financial sector are set to be around $1.3 trillion, according to star hedge fund manager John Paulson, who says he remains short credit. In its twice-yearly report in April, […]
