Tag Archives: subsidiaries

Lehman may force collapse of hedge funds

The Daily Deal – Lehman Brothers Holdings may have gone bankrupt eight weeks ago, but the filing continues to reverberate throughout the financial world and even in some unexpected places like the National Football League’s New York Giants. The latest to […]

Hedge Funds May Sell At Year End As Banks Skimp On Lending

CNNMoney.com – For equity markets, 2008 will long be remembered as a year of massive selling, and it’s likely to end the same way. Hedge funds will find it increasingly difficult to obtain lending at the end of the year, […]

Crunch halts production of independent films

Chicago Tribune – The credit crunch and global economic recession have squeezed many independent filmmakers, who were already struggling from a glut of films and a shortage of funds even before the global economy went into a tailspin last month. […]

Treasury, FDIC Said to Consider Guarantees to Stem Foreclosures

Bloomberg – The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a program that may offer about $500 billion in guarantees for troubled mortgages to stem record foreclosures, people familiar with the matter said. The plan, which might […]

Lehman to sell stake in R3 hedge fund

Reuters – Lehman Brothers Holdings Inc agreed on Wednesday to sell its 45 percent stake in hedge fund R3 Capital Partners for $250 million in cash and a $250 million investment in another fund managed by R3. Lehman, which filed […]

Fearing financial trouble hedge funds flee Morgan Stanley

Hindu Business Line – Worried that global financial services provider Morgan Stanley may land into financial troubles like Lehman Brothers, several hedge funds fled the bank resulting in a loss of billions of dollars in its prime brokerage business last […]

Goldman And Morgan Link Hedge Fund Lending To Their Own Financial Health

DealBreaker.Com – Morgan Stanley and Goldman Sachs are linking their lending to hedge funds to the market’s assessment of the credit worthiness of the investment banks. Morgan Stanley will reportedly evaluate the amount of leverage it will supply to hedge […]

Hedge funds expand role as small business lender

Guardian.co.uk – Hedge funds are known for playing many roles on Wall Street, but last-resort lender to small businesses that are turned down by banks is hardly one of them.  Yet with the credit crunch pushing many major U.S. banks […]

BAA in talks with hedge fund to save finance plan

Telegraph.co.uk – BAA is in urgent talks with a hedge fund client of investment bank UBS that is threatening to scupper the airport operator’s proposed £7.65bn refinancing. As today’s deadline for bondholders to vote through a crucial part of the […]

A Small Business Loan from a Hedge Fund?

BusinessWeek – In early 2008, Jim Gee hit an impasse. Over the previous five years, Gee had been expanding Trinity Communications, a small cable-TV company in Marion County, Tenn., that he founded in 2003. With startup costs of nearly $3 […]

Lone Star-Merrill deal marks power shift to funds

Reuters- Lone Star’s deal to buy bad loans from Merrill Lynch & Co signals a growing power shift as private equity firms mop up after the year-long credit crisis. Merrill Lynch said on Monday it will take a $5.7 billion […]

Former hedge fund head files against Citigroup

International Herald Tribune- A former manager of a Citigroup Inc hedge fund has filed a complaint with a British tribunal accusing the bank of causing his fund’s demise, the Wall Street Journal reported on Saturday, citing people familiar with the matter. […]