Yearly Archives: 2008
US dollar makes comeback, ‘bucking’ world downturn
North County Times – The stock market is retreating, credit markets are squeezed and many corporate earnings are diving. But one piece of the mangled U.S. economy is making an improbable comeback: the dollar. As the financial meltdown clobbers world […]
West End office space rental falls
Choregus (London) – It seems that West End Office Space in not impervious from the effects of the global economic slow down. Whilst many had observed the West End continuing to perform despite the pressures, it seems that the credit […]
Treasury, FDIC Said to Consider Guarantees to Stem Foreclosures
Bloomberg – The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a program that may offer about $500 billion in guarantees for troubled mortgages to stem record foreclosures, people familiar with the matter said. The plan, which might […]
Hedge Fund Provider Point Nine expands into Middle East
West Palm Beach (HedgeCo.net) – Hedge fund technology service, Point Nine, has announced the opening of their new office in Limassol, Cyprus. This is the second office opening for Point Nine this year, which follows the recent opening of Point […]
Shareholder Sues CSX, Claims Hedge Funds Were to Blame
New York (HedgeCo.Net) – CSX is finding themselves in the middle of another battle, this time with a shareholder who is suing the railroad company along with hedge funds TCI and 3G Capital Partners. Shareholder Deborah Donoghue is seeking the […]
Five Myths About the Election and the Stock Market
BusinessWeek – For the first time in 76 years, a financial crisis is occurring at the same time as a Presidential election. Based on recent polls, the coincidence seems to have boosted the chances that Illinois Senator Byearack Obama, the […]
Hedge fund Greenlight down more as VW surges
Hedge fund manager David Einhorn’s Greenlight Capital suffered heavy losses in his portfolio when German carmaker Volkswagen’s shares spiked 82 percent on Tuesday, people familiar with his portfolio said. The German carmaker briefly zoomed past Exxon Mobil to become the […]
NY hedge fund swindler going to medical facility
Newsday – A federal judge has ordered a detailed physical and mental health evaluation for hedge-fund swindler Samuel Israel III before deciding whether he’s competent to plead guilty for skipping out on prison. Judge Kenneth Karas accepted a joint recommendation […]
Epic shutters top hedge fund
Globe and Mail – Epic Capital Management Inc. is closing its flagship hedge fund in what could be the precursor to a number of shutdowns in the troubled industry. The Toronto firm’s assets tumbled from $300-million to $200-million as markets […]
Hedge Fund Service Team Launched by BNP Paribas
West Palm Beach (HedgeCo.net) – BNP Paribas has launched a global, transversal, multi-asset, hedge fund client service team. The team will be a single point of entry for Hedge Funds for all inquiry, according to BNP, leveraging the bank’s capabilities […]
World markets rocket upward
Hamilton Spectator – North American stock markets chalked up huge rallies late in the afternoon yesterday, resulting in one of the biggest one-day gains ever for the Dow Jones industrial average and a big bounce in Toronto. Toronto’s S&P/TSX composite […]
Hedge-Fund Redemptions Seen Haunting Exchanges In 2009
EasyBourse.com – When CME Group Inc. (CME) chose Citadel Investment Group founder Ken Griffin to front the first in a series of corporate advertisements last year, the symbiotic relationship between exchanges and hedge funds was at its peak. The image […]