Tag Archives: peers


Cox Gives Support for Merger of SEC, CFTC

New York (HedgeCo.Net) – SEC Chairman Christopher Cox said he was all for a merger between the Commodity Futures Trading Commission and the Securities and Exchange Commission. Hopping on board with U.S. Treasury Secretary Henry Paulson, this was the first […]

Barney Frank Wields Clout to Curb Private Equity, Hedge Funds

Bloomberg – U.S. Representative Barney Frank is walking through Statuary Hall in the Capitol, a portrait of rumples and wrinkles. His left shirttail hangs out over his belt. Reporters and photographers are hounding him. Cameras are whirring. Questions are being […]

Paulson To Hedge Funds “No Soup For You”

In an interview on Bloomberg TV, Treasury Secretary Henry Paulson, when asked whether hedge funds might be eligible for the U.S. plan injecting capital into financial companies he said, "the program right now is for banks and thrifts." On Monday, […]

Gold Prices Decline After US Funds Banks With $250 Billion

Bloomberg – Gold fell for the fourth straight session after the U.S. agreed to spend $250 billion to rescue ailing banks. Silver climbed. Stocks in Europe and Asia rose for a second day after Treasury Secretary Henry Paulson announced plans […]

Hedge Funds At Risk

Forbes – The hedge fund sector has to date weathered market volitality better than the banking sector, since no large bellwether hedge fund has yet gone bankrupt. Nonetheless, hedge funds are expecting a wave of redemptions, as investors move to […]

Stocks rally as Bush pushes revived bailout

KTAK – U.S. lawmakers and President George W. Bush eased pressure on financial markets on Tuesday by starting work to revive a $700 billion bailout plan to stem a credit crisis that has spread beyond Wall Street to claim more […]

Citigroup Purchases Wachovia, Reclaims Throne

New York (HedgeCo.Net) – Citigroup Inc. has purchased Wachovia’s banking operations at a price tag of $2.16 billion, or roughly $1 a share, after losses stemming from bad mortgages rendered a resurfacing nearly impossible.  Citigroup will now have around 4,300 […]

Bernanke, Paulson Pushing $700 Billion Rescue Plan

New York (HedgeCo.Net) – Federal Reserve Chairman Ben Bernanke joined Treasury Secretary Henry Paulson yesterday in an attempt to sway lawmakers to pass a $700 billion rescue plan that would purchase illiquid mortgage-backed assets in an attempt to restore the […]

A Hedge Fund Like No Other

Washington Post – Given the panic in Washington over the financial markets, it is virtually certain that Congress will soon pass some form of the bailout plan the Treasury put forward last week. This is not an ideal proposal, particularly […]

Mayor Bloomberg Fears National Debt Crisis

New York Post – The next issue for concern in the battered economy is whether there are going to be buyers for the nation’s billions in debt, Mayor Bloomberg said yesterday. Speaking to students at Georgetown University, Bloomberg pointed out […]

Short-sellers have banks worried

International Herald Tribune – In May, David Einhorn, an outspoken hedge fund manager, took the microphone at a large industry gathering and laid out his case against the investment bank Lehman Brothers. The firm, he told the crowd, had used "accounting […]

Lehman Declares Largest Bankruptcy Filing in History

New York (HedgeCo.Net) – Despite valiant efforts to find investors and stay afloat the credit crisis, Lehman Brothers Holdings Inc. is now at the center of the biggest bankruptcy filing in history. The fourth-largest investment bank filed for Chapter 11 […]

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