Yearly Archives: 2008
Wall Street layoffs could surpass 200000
Los Angeles Times – Traders and investment bankers might have more to worry about than dwindling bonus pools this year as mass firings on Wall Street are set to hit a record. The fallout from this year’s global credit crisis […]
Key 2010 Olympics company in BC refinances just ahead of deadline
Metro Canada – A company that will play a key role in the Vancouver 2010 Olympic Games ended rampant speculation about its financial well-being Thursday by completing a deal to refinance a $1.7-billion loan – just hours before deadline. Intrawest […]
600 jobs likely to go at Goldman
Guardian Unlimited – The threat of further redundancies hung over the City last night as it emerged that the investment bank Goldman Sachs is expected to cut at least 600 jobs in London. A wide-ranging cull of hedge funds in […]
Up to 30 pct of hedge funds could close-GLG
Reuters – Up to 30 percent of the world’s hedge funds could disappear "in a Darwinian process," according to the co-chief executive of one of Europe’s biggest, GLG Partners Emmanuel Roman was quoted by several British newspapers as saying many hedge […]
Cramer’s ‘Mad Money’ Recap: Hedge-Fund Madness
The Street – Forced selling by hedge funds is behind the late-day market volatility these days, Jim Cramer told the viewers of his "Mad Money" TV show Thursday. He fears we may never see a bottom until the selling comes […]
Hedge Funds Meet With FSA, BOE Over Lehman Assets, FT Reports
Bloomberg – Hedge funds met with the U.K.’s Financial Services Authority and the Bank of England in London to discuss the return of their assets from Lehman Brothers Holdings Inc., the Financial Times reported, citing unidentified funds. Representatives from the […]
Russian hedge funds face closure
Reuters – Up to half of Russian hedge funds could go out of business as the financial crisis sends investors fleeing and the stock market continues to fall, according to industry experts. Speaking at the Russia Alternative Investment Summit on […]
Judge Says No More Lawsuits Against Petters
New York (HedgeCo.Net) – Former hedge fund manager turned ponzi-schemer Tom Petters is being sued by so many parties that the Minneapolis federal judge actually had to call a “timeout” yesterday. Judge Ann Montgomery called the cease-fire after court-appointed receiver […]
Man Group Rises as Flagship AHL Fund Posts Fourth Weekly Gain
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, rose in London trading after its biggest pool reported gains for a fourth consecutive week. “It increases the probability that they will be earning performance fees on the fund,” said […]
Heyday of hedge funds is over, Citadel’s Ken Griffin predicts
Chicago Tribune – "The key change in the next decade is that policymakers around the world have chosen the winners and losers," Griffin said at a Wednesday panel. "The winners are the banking system." By selecting commercial banks to become […]
Emerging Markets-Fall as funds flee, Hungary ups rates
Reuters – Emerging stocks and bonds slid in a panic sell-off on Wednesday as hedge funds dashed to unwind positions, but Hungary’s central bank tried to throttle a slide in its currency with a three-percentage point rate rise. The banking […]
UAE Liquidity Moves by Government Positive for Banks – Fitch
West Palm Beach (HedgeCo.net) – Fitch Ratings has taken a positive view of the recent moves by the United Arab Emirates (UAE) government to boost liquidity in the banking system but notes that the operating environment has become more challenging. […]