Yearly Archives: 2008
Mizuho Said to Hire Ex-Lehman Electronic Trading Team
Bloomberg – Mizuho Financial Group Inc., Japan’s second-largest bank by revenue, will start electronic trading in Asia after hiring a team of 16 former Lehman Brothers Holdings Inc. employees, two executives familiar with the plan said. The team, led by […]
Hedge funds, mortgages on House agenda
Boston Globe – TODAY American International Group releases third-quarter results. The insurance giant is expected to post a loss of 90 cents a share, compared with a $1.35-a-share profit last year. Starbucks Corp. releases fourth-quarter financial results and is expected […]
Hedge fund closes Bermuda reinsurer
Caribbean Net News – Citadel Investment Group, one of the world’s biggest hedge funds, is closing down a Bermuda reinsurer it formed in 2004, according to a source familiar with the matter. Citadel, which manages roughly $18 billion, thought it […]
PXP Vietnam to Start Hedge Fund, Bets on Stock Market Recovery
Bloomberg – PXP Vietnam Asset Management, which oversees $225 million, plans to start a hedge fund by early next year as it seeks bargains in Asia’s second-worst-performing stock market, said co-founder Kevin Snowball. The PXP Vietnam Value Fund will raise […]
Hedge funds navigate maze of redemptions
Wealth Bulletin – Millionaire hedge fund manager Andrew Lahde might have got it right. The man whose valediction last month to his industry peers announced that “with all due respect, I am dropping out”, left the industry while the going […]
Hedge Fund Brotman Capital Shows Top Performance
West Palm Beach (HedgeCo.net) – Brotman Capital Partners LP, based in Boca Raton, Florida, has turned in the best performance Year to Date of a Market/Trend Timing Hedge Fund according to Barclays Hedge Fund Database. Through October, 2008 the Fund […]
Hedge Funds on Hot Seat
Wall Street Journal – It is hedge funds’ turn on Capitol Hill. The congressional committee that made headlines last month grilling former Lehman Brothers Holdings Inc. Chief Executive Richard Fuld and former executives of American International Group Inc. has summoned […]
What crisis? Some hedge funds are gaining
International Herald Tribune – Bernard Drury is a rarity on Wall Street: a hedge fund manager who is making money rather than losing it. While most hedge funds are sinking into red this year and unsettling the markets in the process, […]
Obama Addresses Economy, Will Confront Problems “Head-On”
New York (HedgeCo.Net) – In his first press conference since winning the presidential election, Barack Obama discussed ways to tackle the economic crisis while describing the “enormity of the task that lies ahead.” In the wake of what looks to […]
GM, Ford investors brace for deep losses
Reuters – General Motors Corp (GM.N) and Ford Motor Co (F.N) posted more than $27 billion of net losses in the first half of 2008 — and that was before a deepening economic slowdown pushed industry sales beyond 15-year lows. […]
Chrysler cash drains away as crisis deepens
Reuters – Chrysler LLC is rapidly burning through cash and being driven to prepare for a possible break-up if it can’t clinch a merger with General Motors Corp or get government funding needed to ride out the economic crisis, people […]
European shares climb higher
Reuters – European shares climbed on Friday while most Asian shares fell as investors sought to balance economic worries with a new era of lower interest rates ahead of key U.S. jobs data. Oil dropped briefly below $60 a barrel […]