Tag Archives: chief-executive


Dell says IBM-Sun talk creates business opportunity

Reuters – The chief executive of Dell Inc said on Tuesday that talk of IBM possibly buying Sun Microsystems was providing an "enormous opportunity" to the world’s No. 2 PC maker in the corporate server market. Michael Dell said such […]

Weavering Capital collapses over mystery trade

Times Online – Weavering Capital, one of London’s oldest hedge funds, was today in the hands of liquidators just a week after it discovered that its flagship fund’s main investment was a derivatives trade with an offshore company controlled by […]

Fund at Covenant Capital rebounds as market sags

Charlotte Business Journal – In early 2008, Jim Morgan and his partners at Covenant Capital sent a gloomy letter to their investors. After a couple of disappointing years, the letter said, the hedge-fund firm was preparing to close. It told […]

Virgin America CEO sees good times ahead

San Francisco Chronicle – Virgin America could not have picked a worse time to launch an airline, on the eve of gravity-defying fuel prices and a cruel recession. The financial numbers are still red after a year and a half […]

Hedge fund monitor says short selling ban is ‘rubbish’

News.com.au – An independent monitor of local hedge funds has rubbished claims domestic financial stocks would be targerted if the ban on short selling was lifted. Australian Fund Monitors’ chief executive Chris Gosselin hosed down concerns expressed by the Australian […]

Jupiter Asset’s Bonham Carter gives up fund

Reuters – Edward Bonham Carter, chief executive of Jupiter Asset Management, is to stop running his Undervalued Assets fund after threatening last year to hand over the role if performance did not improve. New hire Patrick Harrington, who joined Jupiter […]

European hedgies eye lending cap as regulation looms

Guardian Unlimited – European hedge funds believe capping the amount banks can lend them will be more effective in preventing systemic risks than direct regulation, but this is unlikely to satisfy politicians eager for tougher rules. The funds are often […]

Jupiter Asset Mgt CEO Bonham Carter gives up fund

Forbes – Edward Bonham Carter, chief executive of Jupiter Asset Management, is to stop running his Undervalued Assets fund after threatening last year to hand over the role if performance did not improve. New hire Patrick Harrington, who joined Jupiter […]

Hedge Fund Group Proposes Rules to Avert Intervention

Bloomberg – A group of hedge funds offered to increase disclosure to head off demands from politicians on at least two continents for more transparency. “We know which way the wind is blowing,” said Andrew Baker, chief executive of London-based […]

Credit Suisse Veteran To Start SE Asian Hedge Fund

Dow Jones Deutschland – While hedge funds suffer from redemptions and closures amid volatile markets, some firms are taking advantage of falling valuations and market dislocations to launch new funds. Mark Fuchs, chief executive of Singapore-based Fuchs Capital Partners, said […]

Harvard’s alumni fail to dazzle in recession

Telegraph.co.uk – When Andy Hornby, the former chief executive of HBOS, was asked by the Treasury Select Committee to detail his banking qualifications he couldn’t. Like his fellow bankers, Sir Fred Goodwin, Sir Tom McKillop and Lord Stevenson, being questioned […]

Worries over hedge funds send LSE to four-year low

Times Online – Shares in the London Stock Exchange dropped nearly 10 per cent or 50½p to a four-year low of 463½p amid fears that its trading update tomorrow will show another dramatic slump in the value of equities traded […]