Tag Archives: rally


Oil Curve Steeper Than ’99 Shows Crude May Gain in ’09 on OPEC

Bloomberg – The steepest plunge in crude prices on record may be setting up oil investors for a rally this year, if history is any guide. The so-called forward curve of futures contracts traded on the New York Mercantile Exchange […]

Paulson Bucks Paulson as His Hedge Funds Score $1 Billion Gain

Bloomberg – There’s not a lot of light in Paulson & Co.’s 28th-floor headquarters on a drizzly November afternoon. The Alexander Calder sculpture and multicolored prints have been shipped to the firm’s new offices six blocks south. Darkness envelops the […]

Europe’s turmoil batters London shares

Independent – The FTSE 100 Index tumbled more than 200 points today after a weekend of financial turmoil in Europe. Investors took scant comfort from Friday’s backing of a US financial rescue to leave the FTSE 100 Index down almost […]

Withered hedge funds set for severe autumn pruning

Times Online – Who would be in hedge funds right now? Man Group, which has long traded on its name as the world’s largest hedge fund manager, yesterday found the tag something of a liability. The shares lost 35½p to […]

Ausdrill blames share slump on hedge fund

News.com.au – Takeover target Ausdrill has blamed a fall in the company’s share price on hedge fund selling after comments from suitor Macmahon that its bid was unlikely to succeed. Ausdrill said that it believes selling from hedge funds accounted […]

Apollo’s Hexion rejects Huntsman shareholder plan

Guardian.co.uk – Four large hedge funds, all shareholders of Huntsman Corp, have proposed a plan to salvage a $6.5 billion buyout of the chemical company by a unit of Apollo Global Management. But Apollo’s Hexion Specialty Chemicals unit late Thursday […]

Some option players hedge bets in Wells Fargo, SunTrust

Reuters – Some bearish option players are betting that Wells Fargo & Co and SunTrust Banks Inc  could both lose as much as 10 to 15 percent of their current stock values by October options expiration. Nagging worries about the […]

Ichan’t Win Them All

New York Post – Corporate raider turned activist investor Carl Icahn is having a tough year. The Far Rockaway, Queens native’s hedge funds are suffering their first losses since the 72-year-old opened them in 2004. The losing streak, which started […]

AIG Earnings Slump on Private Equity, Hedge Funds

Bloomberg – Just when American International Group Inc. shareholders figured things couldn’t get worse at the world’s largest insurer, profit from the company’s private equity and hedge fund investments is evaporating. Earnings from so-called alternative holdings were probably close to […]

Asset manager Aberdeen says funds grow 6 pct

Guardian Unlimited- Aberdeen Asset Management said on Friday its assets had grown 6 percent despite turbulent markets and had also earmarked higher cost savings to offset falling earnings, pushing its shares up. The fund manager said its assets under management […]

Ackman Adds Cash to Target Hedge Fund as Stock Price Slides 38%

Bloomberg- William Ackman put more cash into the $2 billion hedge fund he started to invest in Target Corp. as shares of the second-largest U.S. discount retailer declined 38 percent in the past year, according to two people with knowledge […]

Ameriprise to buy J&W Seligman

Star Tribune- Minneapolis Star Tribune- A terrible year for financial stocks isn’t keeping Ameriprise Financial Inc. from growing. The Minneapolis-based financial planning and insurance company announced Monday that it will acquire the asset management firm J&W Seligman & Co. Inc. […]