Tag Archives: eton-park
Bear Stearns Hedge Fund Probe Expands
New York (HedgeCo.Net) – The infamous collapse of the two $1.8 billion Bear Stearns hedge funds that many believe helped spark the credit crisis is still being investigated, and now other banks and individuals are being probed in the process. […]
Wachovia Hoping to Strike a Deal with Wells Fargo for $15 Billion
New York (HedgeCo.Net) – In an emergency hearing yesterday, U.S. District Judge John Koeltl left the door open for Wachovia to consider better offers, saying the law “appears” to permit bids from other potential buyers. This decision comes at a […]
Aviva Investors to boost hedge fund-style products
Reuters – The British arm of asset management group Aviva Investors is betting that investor interest in hedge fund-style products will survive the credit crisis and rebound once market turmoil abates. Paul Abberley, UK CEO, told Reuters Aviva Investors would […]
‘We are approached by hedge funds considering fund liquidations on a weekly basis’
Times Online – Every week at least one British hedge fund is considering winding up its funds as catastrophic investment performance puts the sector under unprecedented pressure, an industry expert said yesterday. Andrew Shrimpton, the former head of hedge fund […]
Stocks rally as Bush pushes revived bailout
KTAK – U.S. lawmakers and President George W. Bush eased pressure on financial markets on Tuesday by starting work to revive a $700 billion bailout plan to stem a credit crisis that has spread beyond Wall Street to claim more […]
Citigroup Purchases Wachovia, Reclaims Throne
New York (HedgeCo.Net) – Citigroup Inc. has purchased Wachovia’s banking operations at a price tag of $2.16 billion, or roughly $1 a share, after losses stemming from bad mortgages rendered a resurfacing nearly impossible. Citigroup will now have around 4,300 […]
Bernanke, Paulson Pushing $700 Billion Rescue Plan
New York (HedgeCo.Net) – Federal Reserve Chairman Ben Bernanke joined Treasury Secretary Henry Paulson yesterday in an attempt to sway lawmakers to pass a $700 billion rescue plan that would purchase illiquid mortgage-backed assets in an attempt to restore the […]
Hedge fund Citadel hires two from Merrill Lynch
Reuters – Hedge fund firm Citadel Investment Group said on Tuesday it had hired two senior sales executives from Merrill Lynch, the investment bank that is being sold to Bank of America for $50 billion. Chicago-based Citadel, which manages around […]
Lehman Goes Banktrupt in High Profile Casualty Case
West Palm Beach (HedgeCo.net) – Lehman Brothers, Wall Street’s fourth biggest investment bank has filed for bankruptcy, making it the largest and highest-profile casualty of the global credit crisis, with approximately $639 billion in assets. The bank said the Chapter […]
Lehman Declares Largest Bankruptcy Filing in History
New York (HedgeCo.Net) – Despite valiant efforts to find investors and stay afloat the credit crisis, Lehman Brothers Holdings Inc. is now at the center of the biggest bankruptcy filing in history. The fourth-largest investment bank filed for Chapter 11 […]
Lehman Stock Down After Korean Investment Talks End
New York (HedgeCo.Net) – Shares of Lehman Brothers Holdings Inc. plummeted on Tuesday amidst increasing investor concerns over the bank’s ability to raise capital. The stock dropped 45 percent to $7.79 in early afternoon trading, marking the lowest level in […]
Nippon Life Targets Hedge Funds, Considers Distressed Assets – Bloomberg
Bloomberg.com: Asia – Nippon Life Insurance Co., Japan’s biggest life insurer, said it will boost hedge fund investments and may target distressed assets to take advantage of volatility caused by the collapse of the U.S. subprime mortgage market. Nippon Life, […]
