Yearly Archives: 2008
Billion-dollar hedge fund stars face grilling
Financial Times – Hedge fund managers who earned more than $1bn last year, including George Soros and Philip Falcone, are being summoned to Capitol Hill on Thursday to testify under oath about the potential risks their firms pose to the […]
Hedge funds could help finance growth
Reuters – Hedge fund managers could play a key role in jump starting the ailing U.S. economy if Washington offers them appropriate tax breaks, a prominent hedge fund industry lawyer said on Tuesday. Sitting on billions of dollars in cash, […]
World business leaders back more regulation
MSN UK News – Business leaders around the world back greater regulation in response to the global financial crisis, a survey showed on Wednesday, with support strongest for curbs on credit rating firms, hedge funds and structured finance. Responses from […]
Hedge funds ‘are resilient’
Reuters – In spite of suffering more than most markets in the global downturn, hedge funds are likely to bounce back faster than other markets. That is the view of Barclay’s Capital director Frank Gerhard whose company is a major […]
SEC Officials Not Held Accountable for Mishandling Hedge Fund Insider Trading Case
New York (HedgeCo.Net) – SEC officials did not botch an investigation into alleged insider trading by hedge fund Pequot Capital Management, at least according to the SEC. Brenda P. Murray, an administrative law judge for the Securities and Exchange Commission, […]
Wall Street can’t shake economic woes
Washington Observer Reporter – Wall Street’s initial enthusiasm about a $586 billion Chinese stimulus package fizzled Monday, as investors succumbed to anxieties about how U.S. companies will survive a severe pullback in spending. Stocks got a short-lived boost from China’s […]
Wealth managers fret as the rich turn away from them after losses
Times of India – Can the wealthy trust their wealth managers any more after losing 30 to 60% of their wealth during the current global financial crisis? The world’s top banks including brands like Morgan Stanley, UBS, Barclays and Standard […]
Turtle hedge fund to restructure after losses
Reuters – The Turtle Fund, an $80 million Swiss-based hedge fund trading volatility, has stopped trading and will let investors exit after sharp losses, following a disagreement between the fund’s managers. In a note to investors, seen by Reuters, the […]
Scholes Among Losers as Hedge Funds Slump in October
Bloomberg – Hedge funds run by Jeffrey Gendell and John Burbank III posted their worst monthly losses in October. Peter Thiel gave back gains made earlier in the year. Nobel-prize winner Myron Scholes froze his biggest fund. The managers, like […]