Monthly Archives: February 2009

Collapse and fall of the Rock

February 17, 2009 : Permalink

MSN Money UK – Northern Rock was the darling of the UK mortgage sector, but fuelled its rapid growth by borrowing in money markets and selling on its mortgage debts rather than customer deposits. The eruption of the credit crunch […]

Gold creeps up as investors seek safe haven

February 17, 2009 : Permalink

The Age – Gold prices climbed on Tuesday, as the yellow metal continued to attract investors hunting a safe haven against the biting economic stormwinds, following a rise of more than 3% last week. Spot gold was trading at $946.70 […]

Stock exchanges must attract new products

February 17, 2009 : Permalink

Barbados Advocate – There is a need for stock exchanges in Barbados and the Caribbean to attract new types of products and market activities. Marlon Yarde, general manager of the Barbados Stock Exchange (BSE) has made the suggestion while addressing […]

Coffee Risks Squeezing Starbucks, Hedge Funds as Supply Drops

February 17, 2009 : Permalink

Bloomberg – An unexpected coffee rally sparked by dwindling supplies risks squeezing Starbucks Corp., Kraft Foods Inc. and hedge funds betting on a decline. Demand may exceed output by 8 million 60-kilogram bags in the coming year — almost what […]

UBS sees 35 percent drop in hedge fund assets

February 17, 2009 : Permalink

Reuters – Global assets of hedge funds may drop to $1.2 trillion by the end of the first quarter, down 35 percent from 2007 as the number of managers decline and funds rely less on strategies that use leverage, a […]

Credit Crunch Hedge Fund Killers – Movie Debut

February 16, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Playing a hedge fund banker turned killer, Dougray Scott stars in the ‘credit crunch’ movie: New Town Killers. It being shown for the first time in Scotland tonight as part of the Glasgow Film Festival’s […]

Porsche trades give funds ammunition: report

February 16, 2009 : Permalink

Times of the Internet – Hedge funds have gained ammunition for complaints against German sports car maker Porsche after it said it made almost 400 million euros (514 million dollars) in bets on German blue-chip stocks, a press report said […]

Delivery on ‘absolute’ promise is relative

February 16, 2009 : Permalink

Lexington Herald-Leader – When does "absolute" imply something that in reality is far less than certain? When it comes to "absolute return funds." That’s the label mutual fund companies have put on hedge fund-style products that they’ve been rolling out […]

Credit Suisse Veteran To Start SE Asian Hedge Fund

February 16, 2009 : Permalink

Dow Jones Deutschland – While hedge funds suffer from redemptions and closures amid volatile markets, some firms are taking advantage of falling valuations and market dislocations to launch new funds. Mark Fuchs, chief executive of Singapore-based Fuchs Capital Partners, said […]

Mexican Hedge Fund Takes Over Canadian Mining Company

February 16, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Canadian mining, development and exploration company, Frontera Copper Corporation, has agreed, due to the recent downturn in the copper market, to Mexican hedge fund Invecture’s hostile take over bid. After determining that the hedge fund, […]

Obama drops “car czar” idea

February 16, 2009 : Permalink

Reuters  – President Barack Obama has decided to launch a government task force for restructuring the struggling U.S. auto industry instead of naming a "car czar" with sweeping powers, a senior administration official said on Sunday. Obama is appointing Treasury […]

The hedge funds always win in the end

February 16, 2009 : Permalink

Independent – The collapse of Lloyds’ share price on Friday afternoon was deeply upsetting – and not just for shareholders in the bank. Two weeks ago, those annoying folk at Paulson & Co, the hedge fund that has made a […]