Business Insider – Nasty article in Der Spiegel, Out of Control: The Destructive Power of the Financial Markets, which helps explain what’s behind the financial transactions tax that was recently introduced by Angela Merkel and Nicolas Sarkozy. The article opens, […]

ioL – The second quarter of 2011 was another difficult one for the local equity market according to portfolio manager at Blue Ink Investments, Eben Karsten. The local index ended 20.3% weaker in June, following steep intra month declines of […]

Bloomberg – Policy makers seeking to rescue the U.S. economy are wrong to worry about the threat of inflation and should heed Warren Buffett’s call for higher taxes on the wealthy, according to Don Brownstein, manager of last year’s top-performing hedge fund. […]

Barron’s – Don Brownstein, who runs 2010?s top performing hedge fund, wrote a letter to investors last week that criticized political leaders for focusing too much on inflation. The head of Stamford, Connecticut-based Structured Portfolio Management LLC also believes that Fed […]

Reuters – Hong Kong-based Prime Capital Management’s Greater China long short equity hedge fund returned 0.9 percent in the first three weeks of August, increasing its year-to-date gain to 12.7 percent, according to an investor letter obtained by Reuters. The Dragon […]

Bloomberg – Assets managed by Asian hedge funds may exceed $180 billion in the next 12 to 18 months as the region’s growth attracts investors amid U.S. economic and Europe sovereign debt concerns, according to Eurekahedge Pte. Asian hedge-fund assets stood at […]

Opalesque – Event-driven and Special Situations hedge funds rose 4.1% or equivalent to $21.2bn in the first half of the year, bringing the group’s total assets under management (AuM) to $537.1bn halfway into 2011. In his industry report furnished to […]

Bloomberg – As markets convulsed in September 2008, Morgan Stanley (MS)Treasurer David Wong briefed the Federal Reserve on a “dark” scenario in which the U.S. firm would need at least $10 billion of emergency loans from the central bank. It got 10 […]

Business Insider – WikiLeak’s Julian Assange’s right-hand man reportedly destroyed 3,500 unpublished documents including a cache of Bank of America documents. Jonathan Sorrell, the son of billionaire Sir Martin Sorrell, the chief executive of advertising firm WPP, is leaving Goldman […]

Reuters – McGraw-Hill Companies Inc directors and executives met on Monday with Jana Partners LLC, a hedge fund, and the Ontario Teacher’s Pension Fund to hear their arguments that the company should be broken up. Jana and the pension fund […]

Reuters – Goldman Sachs Chief Executive Lloyd Blankfein has hired high-profile Washington defense attorney Reid Weingarten, according to a government source, as the Justice Department continues to investigate the bank. Blankfein, 56, is in his sixth year at the helm […]

Bloomberg – The rout that drove commodities to a nine-month low is proving irresistible to speculators anticipating that even slowing economic growth will cause shortages of raw materials. Oil has risen 8 percent since plunging 25 percent in the two […]