Yearly Archives: 2008
Asia markets trade higher
TREND Information – Major Asia and Pacific markets traded higher Tuesday in the waning days of a dismal year, reported CNN. In Tokyo, the Nikkei closed 1.3 percent higher during an abbreviated final trading day of 2008. Despite the positive […]
Morrison & Foerster Hire NY Hedge Fund Lawyer Among Others
West Palm Beach (HedgeCo.net) – Morrison & Foerster LLP is announced the election of ten new lawyers into their partnership, including specialists in venture capital, hedge funds, bio-technology, patents, corporate transactions and chapter 11 bankruptcy, among others. Their election is effective […]
Westpac freeze on $1.2b held in US hedge fund
Sydney Morning Herald – The Westpac-controlled BT Investment Management delivered grim season’s greetings to retail investors when it froze withdrawals from a $1.2 billion fund days before Christmas. The funds manager suspended all redemptions from its Global Return Fund, which has […]
Credit Suisse clients may have lost 627 mln pounds ($195.18 mln) on Madoff
Reuters UK – Credit Suisse clients may have lost up to 1 billion Swiss francs (627.3 million pounds) ($195.18 mln) on investments connected to accused swindler Bernard Madoff, newspaper Sonntag reported on Sunday. Without giving details of its sources, Sonntag […]
Huge cash outflows hit hedge funds
The Australian – After suffering one of the worst years on record, Australia’s $62 billion hedge fund industry is bracing for even tougher times in 2009 as a confluence of factors works against them, including poor performance, more regulation, further […]
For investors, now what?
Minneapolis Star Tribune – Like most market watchers, last year’s participants in the Star Tribune Investor Roundtable failed to predict that 2008 would be a year of stomach-churning stock market declines, failed financial institutions, multibillion-dollar bailouts and credit markets as […]
”End-of-era’ feel for hedge fund sector
Business Intelligence Middle East – As the eye-popping profits of hedge funds dry up amid the financial crisis, the industry looks set to shrink substantially in its European headquarters of London over the next year. Discretion is everything in London’s […]
Game changes for hedge funds
International Herald Tribune – Hedge funds have suffered a shakeout in 2008. The average hedge fund fell almost 20 percent, according to Hedge Fund Research. No fund has yet required a bailout. But many won’t be around in the new […]