Tag Archives: previous-year

Hedge fund manager Chris Hohn donates £500m to his wife’s charity

Guardian.co.uk – The secretive hedge fund manager and philanthropist Chris Hohn last year donated almost half a billion pounds to the children’s charity run by his wife, it emerged yesterday. The £486m gift follows hefty profits at Hohn’s hedge fund […]

Millionaires’ club sees record drop

Globe and Mail – The ranks of the world’s millionaires shrank at the fastest rate in 2008, with North America suffering the biggest wealth loss worldwide, according to a survey by Capgemini SA and Merrill Lynch & Co. The global […]

Man Group to Cut Jobs as Profit Falls, Assets Drop

Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, said it will cut its workforce by about 15 percent after fiscal year profit dropped and assets under management declined by a third. Assets fell to $48 billion in the […]

Hedge funds, mortgages on House agenda

Boston Globe  – TODAY American International Group releases third-quarter results. The insurance giant is expected to post a loss of 90 cents a share, compared with a $1.35-a-share profit last year. Starbucks Corp. releases fourth-quarter financial results and is expected […]

Aozora Net Falls 75% as Fees, Hedge Fund Returns Drop

Bloomberg – Aozora Bank Ltd., the Japanese lender controlled by U.S. buyout fund Cerberus Capital Management LP, said first-quarter profit fell 75 percent as fees declined and returns on investments in hedge funds withered. Net income dropped to 9.33 billion […]

Bahrain’s Investcorp H2 profit slumps on global woes

Reuters Dubai- Bahrain-based investment bank Investcorp’s INVB.BH profit in the six months to June 30 fell to about a third of the year-ago period as asset-based income dropped on global economic woes. The company, which generates most of its income […]

Assured Guaranty Says Profit Will Surge on Derivatives Gains

Bloomberg- Assured Guaranty Ltd., which owns one of two bond insurers to have retained Aaa credit ratings, said its second-quarter profit would surge by more than 14 times because of gains in credit derivatives. The company, whose second-biggest shareholder is […]