Tag Archives: finance-services

Ronaldo Hermoso Appointed Director of Hedge Funds at OakRun

West Palm Beach (HedgeCo.net) – Hedge fund manager OakRun Capital announced the appointment of Rolando Hermoso as director of funds. Their newly launched Short Term High Yield Fund also delivered November annualized yield of 9.58%. Hermoso has over 27 years in […]

World business leaders back more regulation

MSN UK News – Business leaders around the world back greater regulation in response to the global financial crisis, a survey showed on Wednesday, with support strongest for curbs on credit rating firms, hedge funds and structured finance. Responses from […]

Loss of hedge funds predicted

Cay Compass – Turmoil caused by the US financial meltdown will likely effect Cayman’s hedge fund industry. Leader of Government Business Kurt Tibbetts acknowledged at the Cabinet press briefing Friday that Cayman’s economy “does not operate in isolation and that […]

Attack of the acronyms

WA Today- Australia’s biggest life insurer and funds manager, AMP, was ducking for cover today. What are AMP’s holdings of CDOs, CLOs ABSs and CDSs? Not much of an answer to that one. "We are holding a number of these […]

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 […]