Yearly Archives: 2008
Jordan makes it crystal clear: life at the Palace has become impossible for a mere millionaire
Guardian Unlimited – When Simon Jordan bought Crystal Palace in July 2000, flush with £36m from selling his mobile phone company to One2One, the club’s fans could hope that he would deliver Premier League football and a ground shinier than […]
‘We are approached by hedge funds considering fund liquidations on a weekly basis’
Times Online – Every week at least one British hedge fund is considering winding up its funds as catastrophic investment performance puts the sector under unprecedented pressure, an industry expert said yesterday. Andrew Shrimpton, the former head of hedge fund […]
Opening The Fed Lending Window To Hedge Funds
24/7 Wall St. – The idea of bailing out hedge funds or helping them in any way runs counter to the best instincts of most citizens, regulators, and law makers. The wealthy do not need a Good Samaritan. Allowing hedge […]
It’s D-Day for hedge funds as redemptions roll in
Reuters – Hedge fund managers are facing D-day as investors demand back billions of dollars from ailing and healthy funds alike. Funds managers around the world said they are sitting on record levels of cash to meet an expected flood […]
Hedge Funds: The Next Shoe to Drop
Conde Nast Portfolio – You think things are bad now? Just you wait: the chart above gives you a very good indication of what Christine Williamson calls the "bloodbath ahead" in the hedge-fund industry. No one wants to be invested […]
Foreign funds cut Nigeria exposure, impact limited – analysts
Reuters – Nigeria’s buoyant real economy and strong domestic liquidity will limit the damage caused by hedge funds and portfolio investors pulling money out of the country as the global financial crisis bites, analysts say. The sheer size of Nigeria’s […]
Lehman’s Hedge-Fund Clients Left in Cold as Assets Are Frozen
Bloomberg Europe – Lehman Brothers Holdings Inc.’s bankruptcy probably means the end of hedge-fund manager Oak Group Inc. after 22 years in business. John James, who runs the Chicago-based firm with $25 million of assets, didn’t buy Lehman stock or […]
Two equity firms buy Lehman’s money management unit
International Herald Tribune – Lehman Brothers said Monday that it would sell for $2.15 billion much of its money management business, including its prized Neuberger Berman asset management unit, to Bain Capital and Hellman & Friedman. The sale of the business, […]
Fund Managers Rattled as Rescue Plan’s Rejection Shakes Markets
Bloomberg.com: UK & Ireland – “I’ve never lived through something like that,” Stephen Jarislowsky, the 83-year-old chairman and founder of Montreal-based money manager Jarislowsky Fraser Ltd., said yesterday about the past month on Wall Street. “I don’t even think the […]
Cameron hit by new hedge-fund row as Tory Party conference begins
Times Online – The Tory party conference got off to an embarrassing start today after it emerged that the Conservatives have taken large donations from hedge-fund managers whose firms made vast sums of money from taking bets in some of […]
Wall Street Finance “Banking” On Hollywood?
CNBC – The Wall Street fallout is having aftershocks throughout the economy, but believe it or not, the entertainment industry is having no problem securing bank-financed credit. Sure, it’s not boom time, but the fact that media companies are able […]
They Just Don’t Get It
Washington Post – That is the technical economic term that best sums up a day in which the House of Representatives refuses to pass a $700 billion rescue plan pushed by the White House and congressional leaders from both parties, […]