Yearly Archives: 2008
Lehman failure dogs Evergreen Solar
Boston Globe – Evergreen Solar Inc. got a shock when Lehman Brothers Holdings Inc. went bankrupt last month: The solar panel maker lost control of almost 31 million shares of its stock. How that happened is the subject of a […]
Barney Frank Wields Clout to Curb Private Equity, Hedge Funds
Bloomberg – U.S. Representative Barney Frank is walking through Statuary Hall in the Capitol, a portrait of rumples and wrinkles. His left shirttail hangs out over his belt. Reporters and photographers are hounding him. Cameras are whirring. Questions are being […]
Wealthy cut back hedge funds but no firesale
Reuters – Wealthy investors are cutting back exposure to hedge funds after disappointing returns but are not exiting the sector wholesale, and are likely to come back again once markets have calmed down. High net worth individuals have been key […]
Australian Securities and Investments Commission ban cops hedge
News.com.au – Kim Ivey, chairman of the Australian arm of the Alternative Investment Management Association said Australian banks no longer needed further government protection. He said the ban was damaging market liquidity and denying investors the ability to protect their […]
Hedge Funds: Defensive In Tone, Aggressive In Strategy
Wall Street Journal Blogs – In an effort to forestall more redemptions and panic, hedge-fund managers preached “strong stomachs” and washed their hands of responsibility for losses in the latest round of investor letters. A review of nearly a dozen […]
Swiss hedge fund industry to grow
Reuters – Switzerland’s fledgling hedge fund industry is set for strong growth in the coming years as the credit crisis forces the industry to focus on lower-cost centres and the country aims to lure managers back from London. Lower living […]
Citadel To Launch New Funds, New Strategies
New York (HedgeCo.Net) – After a disappointing year, Citadel will launch several new hedge funds in hopes of countering the losses of their main hedge fund. The multi-strat $10 billion Kensington Global Strategies Fund has fallen over 30 percent this […]
Cruz Eyes Return a Year After Morgan Ouster
Street.Com – Zoe Cruz, the Morgan Stanley co-president pushed out by the firm late last year, is eyeing a role at an asset management firm, or possibly raising money to start a hedge fund, according to a person familiar with […]
How Nat the ex-playboy is set to become a central character in Tory Corfu holiday saga
Daily Mail – One of the most beguiling questions in the Mandelson-Deripaska affair is how did Nat Rothschild become a central figure? The answer is in the way the 37-year-old scion of the banking dynasty does business. Rothschild has enviable […]
Competition Becomes Fierce for Financial Jobs
West Palm Beach (HedgeCo.net) – Employment offers in financial services fell by 11% in September compared to 6 months ago, according to Powerchex Limited, a pre-employment screening firm for financial institutions. Research by Powerchex showed that Investment Banks made […]