Yearly Archives: 2008
Number of hedge funds could halve in ’09
Reuters – Turmoil in financial markets could halve the number of hedge funds by next year, and the survivors will likely charge less for their service, an industry executive said on Monday. Ultra-wealthy investors, who fueled a doubling in hedge-fund […]
Treasury Said to Invest $125 Billion in US Banks
Bloomberg – The Bush administration will invest about $125 billion in nine of the biggest U.S. banks, including Citigroup Inc. and Goldman Sachs Group Inc., in the government’s latest attempt to shore up confidence in the financial system. The proposed […]
Lehman CDS auction fears allayed
The Independent – The financial fall-out in the vast, opaque credit default swaps market caused by the collapse of Lehman Brothers could be smaller than originally feared, analysts say. Optimism was rising yesterday that the unwinding of insurance contracts on […]
High-flying hedge fund falls back to earth
International Herald Tribune – Only 10 months ago, Remy Trafelet was so flush that he treated about 100 employees at his hedge fund to a getaway in Venice. He and his crew spent a long, luxurious weekend at the five-star […]
Hedge Funds Concede Errors, Profess Optimism After Worst Losses
Bloomberg – Hedge fund managers, after enduring the industry’s worst month in a decade, are seeking to explain to investors what went wrong and what they are doing about it. “We clearly underestimated several things, most importantly the tsunami of […]
The Engine of Mayhem
Washington Post – It’s easy to explain the continuing financial chaos — and the failure of governments to control it — as the triumph of psychology. Fear reigns, and panic follows. Everyone dumps stocks because everyone believes that everyone else […]
$200 Million Designated to Alternative Investments by Chicago Media Company
West Palm Beach (HedgeCo.net) – Noci Pictures Entertainment a Chicago and Los Angeles film production and structured finance company thinks it may have the answer and its own opportunity with its $100 million dollar international tax advantaged structured film deal […]
Oversight Weakness in the Banking System Seen by an Obscure Breton Trader
West Palm Beach (HedgeCo.net) – In the October 20, 2008, issue of The New Yorker, in “The Omen", James B. Stewart uses police and psychological reports to tell the story of how the financial trader Jérôme Kerviel caused the French […]
Anglo-Saxon hedge funds shorting on Madrid falls
Telegraph.co.uk – EU data shows that Philip Falcone, the US hedge fund baron who led the assault on HBOS, has sold short €138m (£108m) of Banco Popular’s shares, or 1.65pc of the total float, through his fund Harbinger Capital. He […]
Europe and others bolster banks to fight crisis
Reuters – Nations from Europe to Australia rushed out plans on Sunday to shore up their banks, trying to halt a markets crash with pledges to back lending, buy stakes in financial institutions and take other emergency steps.if(window.yzq_d==null)window.yzq_d=new Object(); window.yzq_d[‘Yl9NCdG_Rvc-‘]=’&U=13fiorehq%2fN%3dYl9NCdG_Rvc-%2fC%3d632663.12996380.13209191.6227634%2fD%3dLREC%2fB%3d4577807%2fV%3d1’; […]
History and the Really Very Weird
New York Times – Back when he was vice president, Dan Quayle noted that: “People that are really very weird can get into sensitive positions and have tremendous impact on history.” He was right, as the Germans know, even if […]
Asian stock markets mixed after last week’s rout
KEZI – Most Asian stock markets recovered Monday after last week’s historic sell-off as governments around the world intensified efforts to boost the ailing financial system. Hong Kong’s Hang Seng Index, which tumbled more than 7 percent Friday, opened over […]