Economic Times - Gold, the traditional safe haven in times of economic turmoil, proved to be more a commodity that everyone loved to hate last year even amid the turbulence that engulfed world markets.

But as 2009 gets under way the yellow metal has found huge traction with money managers. In the last eight sessions, gold has rallied as much as $100 an ounce to hit a near four-month high of $915.30 on Monday — in spite of a rising dollar.

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Tags: commodity, economic turmoil, economic-times, gold, mdash, money-managers, ounce, safe haven, sessions, spite, traction, turbulence, world markets

Bloomberg – Tudor Investment Corp., the firm run by Paul Tudor Jones, temporarily suspended redemptions from the $10 billion BVI Global Fund Ltd. as it splits the hedge fund into two, according to a person familiar with the matter.

Tudor is planning to put hard-to-sell investments, mostly corporate bonds and loans from emerging markets, into a new fund called Legacy, said the person, who asked not to be identified because the information is private. BVI Global, which started in 1986, would focus on easier-to-trade stocks, bonds, commodities and currencies.

More than 80 firms have liquidated funds, restricted redemptions or segregated assets following stock-market declines and a credit freeze that started with rising defaults on U.S. subprime mortgages. Emerging-markets securities have fallen as commodity prices plunged and investors shunned riskier assets on concern the global economy is entering a recession. The MSCI Emerging Markets Index has dropped 58 percent this year.

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Tags: base-metals, brevan-howard, bridgewater-associates, downside, investment-firm, john-taylor, losses, msci-europe-index, proceeds, quality-tax, quarterly-survey, risk, sessions, shanghai-composite, stock-market-crash, value-performance