Author Archives: the HedgeCo News Team
Hedge Funds Urge SEC to Reconsider Position on Shorting
New York (HedgeCo.Net) – While many are looking to point the finger for the current financial crisis the country is in, many believe hedge funds are not to blame and any restrictions that ban short selling should be reconsidered. Many […]
The End of Wall Street as We Know It
Gotham Gazette – The turbulent financial market events of recent days demonstrably signal the end of Wall Street as we know it. More uncertainty lies ahead, on Wall Street but also for the national economy. How is this affecting New […]
Rooney Brothers Put up Steel Curtain for Hedge Funder Druckenmiller
New York (HedgeCo.Net) Hedge fund billionaire Stanley Druckenmiller has pulled his bid for his beloved Pittsburgh Steelers that he originally placed over nine months ago. Rooney brothers Tim, John, Pat and Art Jr., had been wavering on their decision of […]
Corporate Armor to Fight Hedge Fund Bullies
CFO.com – At 12:01 a.m. this morning, the Securities and Exchange Commission pushed out a new "emergency" disclosure rule that requires hedge funds and other large investors to disclose their short positions. The mandate is one of three new SEC […]
Britain and US crack down on hedge funds blamed for crisis –
Independent – An unprecedented crackdown on speculators preying on falling share prices began on both sides of the Atlantic yesterday, as Gordon Brown promised to "clean up the financial system" after days of turmoil. The Financial Services Authority (FSA) banned […]
European hedge funds hit by market turmoil
Reuters Paris – European hedge funds have had a bad week due to the market turmoil from the bailout of AIG and the collapse of Lehman Brothers, the co-founder of French fund of hedge fund manager ERAAM said on Thursday. […]
Putnam shuts $15 billion money market fund
Reuters – U.S. asset manager Putnam Investments said on Thursday that it had closed its $15 billion (8 billion pound) Prime Money Market Fund due to redemption pressures. Putnam, a unit of Canada’s Great-West Lifeco, said in a statement that […]
Buffett’s “time bomb” goes off on Wall Street
Reuters – On Main Street, insurance protects people from the effects of catastrophes. But on Wall Street, specialized insurance known as a credit default swaps are turning a bad situation into a catastrophe. When historians write about the current crisis, […]
Investors cheer shorting ban
Interactive Investor – Investors are cheering the temporary ban on shorting financial stocks which came into play on Friday morning. The Financial Services Authority introduced the four-month freeze on profiteering from falling share prices after the markets closed last night […]
Lloyds TSB Group: Financials soar after FSA bans short selling
Proactive Investors UK – The top thirty gainers for the London Stock Exchange (‘LSE’) read out like a roll call for the British and Irish financial industry, after the Financial Services Authority (‘FSA’) announced late last night that it was […]
Coca-Cola: A Strong Stock in Shaky Times
BusinessWeek – Not many stocks were left standing when the Dow Jones industrial average crashed by 504 points on Sept. 15—the worst drop since the September 11 terrorist attacks. One stock that did stand firmly was Coca-Cola, the world’s largest […]
SEC May Require Hedge Funds to Reveal Short Positions
Bloomberg – The U.S. Securities and Exchange Commission may require hedge funds to disclose their short-sale positions and plans to subpoena the funds’ communication records in an effort to stem turmoil in stock markets. Hedge funds and investors managing more […]