Category Archives: Syndicated
Hedge Fund Managers With Largest Portfolios Face EU Regulation
Bloomberg – Hedge fund managers who run the largest 15 percent of portfolios in the European Union would have to report risks, debts and trading activities to regulators under a draft proposal to tighten oversight after the financial crisis. The […]
GM, Chrysler launch supplier support
Traverse City Record Eagle – General Motors and Chrysler, which have received $17.4 billion in federal aid and face upcoming deadlines to restructure their companies, will designate the auto parts suppliers that need the financing, giving them a large role […]
Austrian banker who pleaded guilty in US might walk
SmartBrief – Michael Berger, an Austrian banker accused of securities fraud, might go free without facing any charges, Vienna prosecutors said. Berger pleaded guilty to securities fraud in Manhattan, N.Y., in 2000 after the $400 million collapse of his hedge […]
Pentagon preps for economic warfare
MLive.com – The Pentagon sponsored a first-of-its-kind war game last month focused not on bullets and bombs — but on how hostile nations might seek to cripple the U.S. economy, a scenario made all the more real by the global […]
Kumar, Ex-TPG-Axon Partner, Said to Start Hedge Fund
Bloomberg – Hari Kumar, a founding partner of New York-based asset manager TPG-Axon Capital Management LP, is starting his own hedge fund with $75 million of initial capital from him and a partner, said two people familiar with the plan. […]
Obama to get taxpayers to help hedge funds
American Thinker – The credit system has broken down. Banks have cooled on lending (maybe because they are not sure if the Obama administration will force a cram down in the future that would result in their loans being worth […]
Goldman Sachs’ Lloyd Blankfein: Wall Street needs new compensation, hedge fund standards
Chicago Tribune – The chief executive of Goldman Sachs Group Inc. called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private-equity funds. Lloyd Blankfein said lessons from the financial crisis […]
GMO’s Global Macro Hedge Fund Sees Further Declines in Stocks
Bloomberg – Global Tactical Trust, a hedge fund run out of Australia by Boston-based Grantham Mayo Van Otterloo & Co., is betting the recent rally in stocks will end, and is avoiding high-risk investments. The hedge fund that invests based […]
Germany calls for tougher EU hedge fund plan
Reuters – European Union proposals for the regulation of hedge funds should go further in forcing them to use more of their own capital and reflect risks on their books, German Finance Minister Peer Steinbrueck told a newspaper. "The EU […]
White House ponders: Are some hedge funds too big to fail?
<!– @page { margin: 2cm } P { margin-bottom: 0.21cm } –> Marketwatch – When the $9.2 billion Connecticut hedge fund Amaranth Advisors collapsed in 2006, securities attorneys jumped all over each other to express gleefully how the markets absorbed […]
Giving Up the Hedge-Fund Rat Race At Age 28
Wall Street Journal Blogs – Wasim Rehman, the 28-year-old head of risk controls at the hedge fund manager Marshall Wace, has resigned from the partnership and plans to retire from the investment industry. In a statement to the market this […]
Economist Nouriel Roubini lashes out at CNBC host
AP – CNBC’s Jim Cramer has another feud on his hands. Just weeks after "The Daily Show" host Jon Stewart took Cramer to task for trying to turn finance reporting into a "game," famous bear economist Nouriel Roubini criticized Cramer on Tuesday for […]