Author Archives: the HedgeCo News Team
Stable commodity prices forecast
Fort Wayne Journal Gazette – During the first six months of 2008, commodities looked to be the savior of investors who were losing money in the stock market. In the second half, particularly for those who had invested in oil, […]
Toyota, Nissan Lead Drop as Japan Car Sales Fall to 28-Year Low
Bloomberg – Toyota, Japan’s largest automaker, forecast its first operating loss in 71 years as sales crater in the U.S., Japan and Europe. Spending on new cars in Japan has dropped as the country’s jobless rate climbed to 3.9 percent […]
Pellegrini quits Paulson & Co to start fund
Interactive Investor – Paolo Pellegrini, who played a crucial role in helping to implement bets against subprime mortgages that netted Paulson & Co about $15 billion in 2007, resigned from the hedge-fund firm on Dec. 31, the Wall Street Journal […]
Seven investor group to buy IndyMac at $13.9b
Saudi Gazette – A seven-member investor group including billionaire George Soros and Dell Inc. founder Michael Dell have agreed to purchase failed lender IndyMac Bank, one of the largest casualties of the housing bust, for $13.9 billion. IndyMac, which specialized […]
Hedge fund tools may see revival in Asia
Inquirer.net – Global asset management firm Bank of New York Mellon sees the Asia-Pacific region leading the revival of hedge fund instruments, such as the so-called structured products, despite the stigma from the financial meltdown that started in the United […]
Asia stocks at 2-month high
Reuters – Asian stocks rose to a two-month high on Monday, with expectations for a global economic recovery later this year on the back of massive government spending prompting investors to wade back into riskier assets. Regional equities have risen […]
Fed, ECB prepare to tackle deflation head-on
Reuters – Officials from the Federal Reserve and the European Central Bank on Sunday vowed to fight the damaging effects of deflation as the global economy suffers a deep and lengthy recession. In just a few months, central bankers’ concerns […]
Chicago hedge fund buys 5.7 percent stake in ADC
Bizjournals.com – Citadel Investment Group, a Chicago-based hedge fund, has spent $33 million to buy a 5.7 percent stake in ADC Telecommunications Inc. The deal makes Citadel the second-largest holder of Eden Prairie-based ADC’s stock and sent the company’s shares […]
Oil Curve Steeper Than ’99 Shows Crude May Gain in ’09 on OPEC
Bloomberg – The steepest plunge in crude prices on record may be setting up oil investors for a rally this year, if history is any guide. The so-called forward curve of futures contracts traded on the New York Mercantile Exchange […]
Obama seeks $310 billion in tax cuts
Reuters – President-elect Barack Obama is seeking as much as $310 billion in tax cuts as part of a massive stimulus plan to counter what senior policymakers warned could be a prolonged period of economic stagnation and deflation. Obama’s plan […]
Hedge Fund Manager Waives Managment Fees
West Palm Beach (HedgeCo.net) – Renaissance Institutional Futures, a $3 billion futures fund run by hedge fund management company, Renaissance Technologies, has waived all it’s management fees for 2009, even if the fund delivers good results in 2009, according to […]
Hedge funds bet on regulations
The Washington Times – Hedge-fund managers say Bernard L. Madoff may succeed where Christopher Cox failed: forcing regulation of their $1.5 trillion industry. Mr. Madoff’s purported bilking of investors by up to $50 billion begins to uncover a part of […]