Tag Archives: beta
Yen slips, Aussie jumps as bank rescues take shape
Reuters Tokyo – The yen dipped against higher-yielding currencies on Monday while the Australian dollar surged as leaders from Europe to the United States rushed out plans to shore up banks and stem the panic gripping investors. After many stock […]
Gulf firms shy away from US distressed assets
Emirates Business 24/7 – Cheap they may be, but not all cash-rich Gulf investors are up for buying distressed assets in the US. Such a move historically was a good way to make a profit. A good fund manager can […]
Hedge funds to hand back millions
Telegraph.co.uk – In the biggest-ever round of redemptions, funds around the world are braced to give back between 10pc and 50pc of their assets under management. Hedge funds were faced with a slew of redemption notices at the start of […]
Credit Derivatives Market Shrinks 12% as Dealers Reduce Trades
Bloomberg – Credit-default swap dealers reduced the volume of outstanding contracts for the first time amid efforts to reduce risks in a market used to hedge against bond losses and speculate on corporate creditworthiness. The volume of outstanding trades fell […]
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, […]
CDS counterparty risks serious threat to global financial markets
Hedge Funds Review Magazine – Greenwich Associates conducted a study of 146 institutions in North America and Europe to determine how fears of counterparty risk were affecting institutional investment and trading strategies. The study revealed that 37% of participating institutions […]
Asian Funds Increase Use of Multiple Prime Brokers, Survey Says
Bloomberg- Asian hedge funds are increasing their use of multiple prime brokers after the U.S. subprime mortgage market collapse heightened the risk of relying on a single investment bank for brokerage services, an AsiaHedge survey found. Hedge funds that are […]
Citi Special Situations Team To Found Distressed Debt Hedge Fund
FINalternatives- Another pair of Citigroup fixed-income executives is to set up its own hedge fund shop. Jeff Jacob and John Humphrey, who run the global special situations group they established at Citi four years ago, will leave the firm in […]
FSA puts pressure on top five banks to support Bradford & Bingley
Times Online- The Financial Services Authority took the unprecedented step of pressuring Britain’s five biggest banks into supporting the revised rescue capital-raising at Bradford & Bingley last week, The Times has learnt. HSBC, Royal Bank of Scotland, Barclays, Lloyds TSB […]
Long-short funds flopped during slump
Chicago Tribune- Maybe plain-vanilla stock and bond mutual funds will do the job after all. Long-short funds — the newfangled mutual funds designed to give common investors a hedge fund experience and protection during downturns — recently went through one […]
