Tag Archives: angela-merkel
Government Rescue Plan Boost Fannie and Freddie Shares
New York (HedgeCo.Net) – Mortgage lenders Fannie Mae and Freddie Mac may get some help from the Fed in hopes of staving off a market implosion following a crippling credit crunch and a period of great stress in the financial […]
Hedge funds turn in their worst record for nearly 20 years because of credit crunch
Independent- Hedge funds turned in their worst first-half performance in almost two decades because of the credit crunch and the onset of a bear market in stocks. Hedge funds declined by an average 0.7pc in June, bringing the year-to-date loss […]
UBS considers Paine Webber sale in review
Reuters- Beleaguered Swiss bank UBS is considering the sale of Paine Webber, the heart of its U.S. wealth management business, according to sources with direct knowledge of the matter. UBS is under pressure from the Swiss financial watchdog and from […]
Foreign wealth pours into London’s hedge funds
Guardian.co.uk- Foreign sovereign wealth investors are targeting London’s hedge fund industry as they seek to boost returns on their vast savings, much of it generated from trade with the west in oil and other commodities. The hedge funds have seen […]
Avenue Capital Sees Improved Performance in May
New York (HedgeCo.Net) – New York-based Avenue Capital, the hedge fund that manages roughly $20 billion, is back after a lagging first quarter. The company informed investors that the fund experienced gains in May for the second straight month. The […]
Force of credit crunch made plain as 170 hedge funds crash in three months
Times Online- Hedge funds are continuing to feel the full force of the credit crunch, with 170 funds forced into liquidation during the first quarter, a Chicago research firm reported yesterday. The bleak figures published by Hedge Fund Research (HFR) […]
Hedge fund assets jump to $2,900bn
Financial Times – Hedge funds have more than $2,900bn under management, according to a survey of valuers of their assets, sharply up on last year in spite of the credit crunch and a series of high-profile problems in the industry. […]
Sands Brothers starts asset-backed lending fund
Greenwich Time – A Greenwich-based investment management and advisory firm has launched a new hedge fund geared toward lending capital to underserved and niche businesses. Sands Brothers Asset Management, with offices on Valley Drive in Greenwich, recently unveiled their Genesis […]
Drake to shut down two remaining hedge funds
New York (HedgeCo.Net) – Drake Management will shut down its two remaining hedge funds one month after winding down the $2.5 billion Global Opportunities Fund. The $1.4 billion Absolute Return Fund and the $160 million Low Volatility Fund will follow […]
Hedge funds push boat out for Ark charity
Times Online- This week, some of the City’s wealthiest people will descend on a lavish party in London intent on giving away a large chunk of their personal fortunes. More than 1,100 will pile into the Absolute Return for Kids […]
Germany in call for ban on oil speculation
Daily Telegraph- German leaders are to propose a worldwide ban on oil trading by speculators, blaming the latest spike in crude prices on manipulation by hedge funds. It is the most drastic proposal to date amid escalating calls from Europe, […]
UBS $100 Billion Wager Prompted $24 Billion Loss in Nine Months
Bloomberg – The annual shareholders meeting of UBS AG used to be a time for Chairman Marcel Ospel to gloat over his accomplishments. Shareholders would praise Ospel for turning a slow-growing, insular Swiss bank into a global financial powerhouse, with […]
