Monthly Archives: November 2008
Interview With George Soros: ‘The Economy Fell Off The Cliff’
Free Internet Press – George Soros, 78, has made billions as a hedge-fund manager and investor. Germany’s Spiegel magazine spoke with him about the current financial crisis, how he expect President-elect Barack Obama to respond to the economic disaster and […]
Recovery should start by H2 FY10 post polls: Samir Arora
Moneycontrol.com – Samir Arora, Fund Manager, Helios Capital, said the markets are too volatile to predict yet, but we may be close to the bottom. "The fall in markets may be getting over, but it may take months to recover. […]
Bush pardons 14 and commutes 2 prison sentences
AP – President George W. Bush has granted pardons to 14 individuals and commuted the prison sentences of two others convicted of misdeeds ranging from drug offenses to tax evasion, from wildlife violations to bank embezzlement, The Associated Press learned […]
Citi Prime Brokerage Singapore Head Leaves Co-Sources
CNN Money – In another sign the financial crisis is hitting Asia’s once booming hedge-fund industry, Alexis Fosler, the head of Citigroup Inc.’s ( C) prime brokerage team in Singapore has left the company, two people familiar with the situation […]
Hedge losses spurred Caisse selloff
Globe and Mail – The Caisse de dépôt et placement du Québec, hammered by losses on international holdings, has been forced in recent weeks to sell billions of dollars of stocks into a falling market. A fund that began the […]
Misunderstood hedge funds suffered in mid-match rule change
Times Online – Hedge fund managers are spivs and speculators, directly responsible for creating carnage in the world’s financial markets and threatening the future of high street banks. At least, that’s what some argue. But it is, emphatically, not true, […]
John Key annoys local hedge fund managers
National Business Review – Hedge fund managers are the last people you’d expect new Prime Minister John Key to offend, considering he is a former investment banker wealthy enough ($50 million) to make NBR’s Rich List. But it appears we […]
Englander’s Millennium Funds May Lose $1 Billion to Withdrawals
Bloomberg – Millennium Partners LP, the $13.5 billion hedge-fund firm run by Israel Englander, plans to return $1 billion to investors who asked for their cash back by year-end, according to two people familiar with the matter. The redemptions, equal […]
Hedge Funds Have Another $200 Billion to go to Complete Their ‘De-leveraging’
Money Morning – Hedge funds looking to slash their use of borrowed money may have to unload another $200 billion in assets to reach their objectives, a new study found, though a Money Morning expert believes the exit door could […]
New Jersey drawing heat for hedge-fund foray
Washington Post – New Jersey’s pension fund is under fire over a series of hedge-fund investments, the Wall Street Journal said. New Jersey made the investments last month, to funds run by BlackRock Inc <BLK.N>, Canyon Capital Advisors LLC and […]
Global Task Forces To Target Short Sales, Hedge Funds
EasyBourse.com – Global securities regulators have formed three task forces targeting short selling, hedge funds and unregulated financial trading, in an effort to take "urgent action" to coordinate responses to current market turmoil, Securities and Exchange Commission Chairman Christopher Cox […]
Barclays Sues Chicago Hedge Fund Over Ties to Petters
New York (HedgeCo.Net) – Barclays Bank Plc has sued Chicago-based Ritchie Capital Management and the hedge fund’s principal Thane Ritchie, accusing them of concealing a $150 million investment in the controversial and now collapsed Petters Group Worldwide LLC. According to […]