Yearly Archives: 2008
International Regulators to Discuss Short Selling, Derivatives Regulation
West Palm Beach (HedgeCo.net) – Securities and Exchange Commission Chairman Christopher Cox announced a meeting of the International Organization of Securities Commissions (IOSCO) Technical Committee today, Monday, November 24 by teleconference to discuss urgent regulatory issues in the ongoing credit […]
GlobeOp Hires Hedge Fund Expert as Risk Manager
West Palm Beach (HedgeCo.net) – Hedge fund expert Tony Glickman has joined GlobeOp Financial Services as as global head of Risk Services. Glickman will report to Vernon Barback, GlobeOp president and COO, and will be based in the company’s New […]
Experts show the way on post-Bush portfolios
Asbury Park Press – The end of the George W. Bush era brings some Grateful Dead lyrics to mind: "What a long, strange trip it’s been." The first Bush term opened following the bursting of the tech bubble, which had […]
Citigroup Gets Guarantees on $306 Billion of Assets
Bloomberg – Citigroup Inc., facing the threat of a breakup or sale, received $306 billion of U.S. government guarantees for troubled mortgages and toxic assets to stabilize the bank after its stock fell 60 percent last week. Citigroup also will […]
Cobra on sale for 200 million pounds
Business Standard – Indian entrepreneur Lord Karan Bilimoria has put Cobra, the beer company he founded 18 years ago, up for sale for an estimated £200 million, a leading daily here claimed today. The 46-year-old businessman had drafted in advisers […]
SMU grad is the go-to guy for seekers of bailout funds
Dallas Morning News – It’s every SMU grad’s dream: to be young, handsome, and closely involved with deciding how to spend $700 billion. Attention, Class of 2000: Your fellow alum, Jeb Mason, is living it. Mr. Mason, 32, has spent […]
Short Selling Outperforms FOHFs as Investors Withdraw Over $40 Billion from Hedge Funds
West Palm Beach (HedgeCo.net) – According to data released by Hedge Fund Research (HFR), the global financial and economic crises accelerated in October, contributing to continued losses in the hedge fund industry, with the HFRI Fund Weighted Composite Index falling […]
Mutual Funds That Hedge Top Ratings List
TheStreet.com – "Desperate times call for temperate measures" might be a (corrupted) saying that describes a prudent approach to the maelstrom of the stock market. Mass redemptions resulting from turmoil in the hedge fund industry are a major factor in […]
Summers Offers Big-Picture Advice to Hedge Fund
Wall Street Journal – In 2006, Lawrence Summers resigned as president of Harvard University and took a position as a part-time managing director with D.E. Shaw Group, a New York hedge fund with a reputation as one of the most […]
Rivals bet against Morgan Stanley in September
Forbes – Major Wall Street firms placed large bets against Morgan Stanley using credit-default swaps, two days after Lehman Brothers Holdings Inc sought bankruptcy protection, the Wall Street Journal said, citing trading records. The firms included Merrill Lynch & Co, […]
Blackstone trims its Asia-focused fund
Reuters – Blackstone Group LP has cut the size of its planned Asia-focused hedge fund because the global financial crisis has led to redemptions, the Wall Street Journal said citing people familiar with the situation. Blackstone, which manages private equity, […]