Tag Archives: savings-and-loan-crisis
Merrill Pushing Bad Debt for Petty Prices
New York (HedgeCo.Net) – Merrill Lynch is still hoping to strike a deal in which Korea Asset Management Corp. would purchase a significant amount of their bad debt. Talks have been stagnant because of recent disputes over prices, but some […]
CEOs Launch Web Site To Protect Short Sellers
Washington Post – When the Securities and Exchange Commission issued an emergency order last month protecting the stocks of the country’s largest financial institutions against a form of short selling, three businessmen saw an opportunity. Harvey Pitt, SEC chairman from […]
UBS Writes Down Another Subprime-Related $6 Billion
New York (HedgeCo.Net) – Writedowns from major banks have reached the $500 billion mark, only one year after the subprime fallout forced mortgage-backed securities to plummet in value. And it’s not over. Some economists estimate that number will ascend upwards […]
Hedge Funds Capitalizing on Beaten Down Mortgage Market
New York (HedgeCo.Net) – Foreclosed properties present an opportunity, to some, of finding an otherwise unattainable home at a deeply discounted rate. For hedge funds, foreclosures could mean massive returns in the near future. That’s why dozens of hedge funds […]
Hedge funds do the Singapore sling
FT Alphaville- New figures from Singapore’s central bank bear out the (abundant) anecdotal evidence of the quickening exodus of Asia-focused hedge funds out of Japan and elsewhere and into Singapore. Reuters reports that assets managed by fund managers in Singapore […]
Paulson hedge fund now looks to buy banks
Independent- The man who made a personal $3.7bn (£1.85bn) fortune by predicting the credit crisis is hoping to make another killing by helping to prop up financial companies brought to the brink of ruin by the chaos in the debt […]
Paulson Wants a Say in Hedge Fund Breakdowns
New York (HedgeCo.Net) – Treasury Secretary Henry Paulson outlined a plan yesterday that may give some power to the U.S. government when hedge funds come to the end of the road. Paulson said that in the event of trouble, he […]
Paulson & Co. To Launch New Hedge Fund
New York (HedgeCo.Net) – John Paulson, the infamous hedge fund manager turned billionaire who bet brilliantly against the housing market, will start a new fund later this year according to a report published on Bloomberg.com. The new hedge fund will […]
Bernanke Outlines Plans to Stabilize Economy, Expand Fed’s Authority
New York (HedgeCo.Net) – In an effort to stabilize U.S financial markets and prevent further turmoil in the economy, Federal Reserve Chairman Ben Bernanke suggested expanding its control and authority over our country’s financial firms. Bernanke spoke at a Federal […]
Anheuser-Busch Fires Back at InBev, Files Suit
New York (HedgeCo.Net) – Budweiser maker Anheuser-Busch is suing InBev after declaring that their “bargain price” offer of $65 a share is illegal. Anheuser-Busch accuses InBev of using “deceptive conduct” to try to win control of the company. InBev recently […]
