Author Archives: the HedgeCo News Team
Carbon disaster
Edmonton Sun – Stop worrying about a carbon tax driving up the cost of everything we buy after this election. Start worrying about a cap-and-trade carbon market doing the same thing. Canada will only get a carbon tax if Liberal […]
The hedge fund party is ending in London’s Mayfair district
International Herald Tribune – As world markets shudder, the hedge funds based in London, once the toast of the city’s flashy financial elite and magnets for cosmopolitan capital, have stumbled badly. The increasingly global sweep of the credit crunch and the […]
Morgan Stanley weighing possible merger
Reuters Singapore – U.S. investment bank Morgan Stanley is weighing whether it should remain independent or merge with a bank, given the recent turbulence in the company’s share price, broadcaster CNBC reported on Wednesday. Morgan Stanley officials were not in […]
China\’s Sinosteel to proceed with Midwest takeover
AP – Chinese steelmaker Sinosteel Corp. has taken control of 98 percent of Midwest Corp. and will proceed with compulsory acquisition of the Australian miner, Midwest said. In a brief statement Wednesday, Midwest said Sinosteel would recommend de-listing the company […]
AIG share crash means more pain for top U.S. funds
Reuters – Fidelity Investments’ Harry Lange, manager of its one-time star Magellan fund, made what now looks like a poorly timed move in June: he nearly doubled his holdings of AIG. Lange, who has already seen other financial bets sour, […]
Mayor Bloomberg Fears National Debt Crisis
New York Post – The next issue for concern in the battered economy is whether there are going to be buyers for the nation’s billions in debt, Mayor Bloomberg said yesterday. Speaking to students at Georgetown University, Bloomberg pointed out […]
JGBs jump on safe-haven bids after Lehman collapse
Reuters Tokyo – Japanese government bond futures soared by their daily limit of 3 full points on Tuesday and 10-year yields hit a five-month low on safe-haven buying in the wake of the collapse of Lehman Brothers. Global stock markets […]
Trailblazer Fink returns to head £200m hedge fund
The Independent – Stanley Fink, the so-called godfather of UK hedge funds, has made a dramatic return to the industry after retiring from Man Group, the largest alternatives manager in the world, only two months ago. Mr Fink confirmed yesterday […]
Hedge Funds : Another Superman Falls to Earth
CNBC – Remember Superman the movie, where Lex Luther takes away the super hero’s powers with a Kryptonite necklace? Well we’re here again. Only this time it is the financial equivalent of the man of steel – the hedge fund […]
Stocks stabilize; government bails out AIG
Portsmouth Herald News – The Federal Reserve resisted a cut in interest rates Tuesday and then forged a plan to take over American International Group Inc. and rescue the insurance giant from the brink of bankruptcy with an extraordinary $85 […]