Monthly Archives: August 2007

BusinessWeek- Turkey’s stocks are appreciating at a rapid clip. Straddling Europe and Asia, Turkey teeters between Western secular democracy and ancient traditional culture. But this vast nation of 73 million has a modern, robust economy and may one day join […]

Reuters- France’s biggest listed bank, BNPParibas, froze 1.6 billion euros worth of funds on Thursday, citing U.S. subprime mortgage sector problems. The news sent shivers through nervous financial markets. It came as Germany’s Bundesbank met to discuss a rescue package […]

Houston Chronicle- It’s hedge funds, not houses. That’s the take of some economy watchers trying to best explain the recent unraveling in the stock market. “This is 90 percent Wall Street and 10 percent Main Street,” Jack Ablin, chief investment […]

Bloomberg- Threadneedle Asset Management Ltd., the London-based money manager owned by Ameriprise Financial Inc., agreed to buy Convivo Capital Management Ltd. to expand its emerging-markethedge-fund business. Julian Adams, chief executive officer of Convivo, will join Threadneedle and run the company’s […]

Bloomberg- Shares of Man Group Plc, the world’s largest publicly traded hedge fund company, posted their biggest two-day drop ever as investors shunned companies that rely on stock markets. Shareholders are pulling money out of fund managers as subprime mortgage […]

Wall Street Journal- The private-equity firm paid $3.7 million for lobbying in the first half of this year — 15 times what it paid in all of last year. About half represents bills owed from 2006, representatives say. Democrats weigh […]

Financial Times- Japan’s financial regulator, the Securities and Exchange Surveillance Commission, is concerned thatthe growing influence of hedge funds is encouraging insider trading and undermining the integrity of the country’s stock markets. “We believe there is [a] risk . . .that hedge fund […]

Reuters- Emerging markets fund firm Fabien Pictet & Partners said on Thursday it had taken over management of an Asia ex-Japan focused hedge fund from Jade Absolute Fund Managers after its fundmanager retired. The portfolio, currently less than $10 million […]

Bloomberg- American International Group Inc., the world’s largest insurer, said second-quarter profit rose 34 percent on higher income from private equity and hedge fund investments. The company saidit’s “very comfortable” with its position as the U.S. subprime mortgage market deteriorates. […]