Tag Archives: CNBC
Equity Markets Plummet and Bounce: CNBC Reports a Finger is the Culprit…Q: Index or Middle?
The news cycle is moving almost as fast and furious as the equity markets. I have combined commentary from around the web that I feel best represents the issues we are all facing. Needless to say, the CNBC story suggesting a ‘fat finger’ was the cause of the market chaos we witnessed last week is pure tripe…unless of course they […]
November Hedge Fund Capital Introduction Event
Hedge fund investors, hurry up and circle November 10, 2009 on your calendars! Late that Tuesday afternoon, HedgeCo will be holding one of its largest capital introduction conferences to date, in roundtable discussion format. Held at the famed US Trust Building in midtown Manhattan, the event will allow investors the opportunity to meet with a select group of hedge fund […]
*Edit: Revised Madoff Feeder Fund Letter to Investors
A letter dated December 22, 2008 and sent from Fairfield Sentry Limited to its investors recently surfaced here. The fund, part of Fairfield Greenwich Group, had invested in excess of $7 billion in Bernard Madoff Securities, making it Madoff’s largest feeder fund investor. In wake of the surrounding facts which have surfaced in the case, we have received a rough […]
Cerberus Update, Weak Retail Sales, FDIC’s Blair Worried About Commercial Loans, Prime Borrowers Becomming a Problem, VMware Company of Interest
Cerberus denies talk of fund defaults – Reuters Reuters reports Cerberus Capital Management yesterday dismissed market speculation that some of its hedge funds, which have suffered losses and heavy redemptions, are in danger of default. Traders in London and Frankfurt were buzzing with talk that a major hedge fund was headed for default. Much of the talk was directed at […]