Tag Archives: volatility
Blackstone: $5 billion limit for LBO bank financing
Reuters – Private equity firm Blackstone Group LP’s chief operating officer said on Tuesday that the limit on bank financing for leveraged buyouts was about $5 billion. But COO Tony James said there were multiple opportunities to invest despite the […]
Goldman Sachs gets nod for Indian mutual fund unit
Reuters India – Goldman Sachs said it has regulatory approval to launch mutual funds in India, Asia’s third-largest economy, joining the likes of AIG, JPMorgan and South Korea’s Mirae Asset who have started operations in the past 18 months. Adam […]
Foreign funds cut Nigeria exposure, impact limited – analysts
Reuters – Nigeria’s buoyant real economy and strong domestic liquidity will limit the damage caused by hedge funds and portfolio investors pulling money out of the country as the global financial crisis bites, analysts say. The sheer size of Nigeria’s […]
Temasek may invest more in Western banks
Reuters – Singapore sovereign wealth fund Temasek Holdings, which has pumped billions of dollars into ailing lenders such as Merrill Lynch, said it may invest more in Western banks if the opportunity arose. The fund also said its assets rose […]
Distressed funds circle Spain
Reuters UK – Vulture funds are finally saying debt from Spanish retailer Cortefiel is now cheap enough to buy, after waiting for months to see prices of the struggling company’s debt fall further. The funds, which have raised billions of […]
Loeb, Under SEC Probe, Defends ‘Give-and-Take’ With Other Funds
Bloomberg – Daniel Loeb, whose Third Point LLC is being investigated by regulators, said his "give-and-take” with other hedge-fund managers doesn’t violate securities laws. The U.S. Securities and Exchange Commission is probing New York-based Third Point, which manages $5.6 billion, […]
A TV reporter gambles, and loses, on running a hedge fund
International Herald Tribune – Do you remember a time, only a short while ago, when virtually anybody could start a hedge fund? It seemed so easy: Billions of dollars were being thrown around like confetti, even at first-time managers. Greenwich, […]
Asia Stocks Edge Higher as China Approaches Policy Change
West Palm Beach (HedgeCo.net) – In a Reuters release today, it is reported that Asian stock markets edged higher, rebounding from a two-year low. Chinese shares surged on hopes for policies from Beijing to jumpstart growth, though many analysts said […]
Xanadu bill footnote may weigh on Corzine
NorthJersey.com – Governor Corzine’s conscience was clear last week after signing a law to bring a $200 million aquarium to the Coney Island by the Meadowlands – better known as the Xanadu project. In a footnote, buried at the bottom […]
Morgan Stanley, Goldman change lending systems
Boston Globe – Morgan Stanley and Goldman Sachs are responding to the credit crisis with a system that uses the market’s view of their own creditworthiness as a basis for lending decisions, the Financial Times reported. Wall Street’s second-largest investment […]
Trump To Launch India Hegde Fund
West Palm Beach (HedgeCo.net) – Trump Organization USA announced plans to launch a $1 billion hedge fund to invest in Indian real estate. Donald Trump Jr.’s interest in the Indian real estate market was sparked in 2007 when he visited […]