Category Archives: Syndicated
For investors, now what?
Minneapolis Star Tribune – Like most market watchers, last year’s participants in the Star Tribune Investor Roundtable failed to predict that 2008 would be a year of stomach-churning stock market declines, failed financial institutions, multibillion-dollar bailouts and credit markets as […]
Huge cash outflows hit hedge funds
The Australian – After suffering one of the worst years on record, Australia’s $62 billion hedge fund industry is bracing for even tougher times in 2009 as a confluence of factors works against them, including poor performance, more regulation, further […]
Credit Suisse clients may have lost 627 mln pounds ($195.18 mln) on Madoff
Reuters UK – Credit Suisse clients may have lost up to 1 billion Swiss francs (627.3 million pounds) ($195.18 mln) on investments connected to accused swindler Bernard Madoff, newspaper Sonntag reported on Sunday. Without giving details of its sources, Sonntag […]
Westpac freeze on $1.2b held in US hedge fund
Sydney Morning Herald – The Westpac-controlled BT Investment Management delivered grim season’s greetings to retail investors when it froze withdrawals from a $1.2 billion fund days before Christmas. The funds manager suspended all redemptions from its Global Return Fund, which has […]
JC Flowers, others close to IndyMac deal
Reuters – A consortium of private equity and hedge fund firms, including J.C. Flowers & Co, is close to a deal to buy the assets of failed mortgage lender IndyMac, a source familiar with the matter said on Sunday. The […]
Chutzpah Spree by Accused Lawyer Nets $380 Million
Bloomberg – When Manhattan lawyer Marc Dreier needed to apply a patina of reality to allegedly bogus promissory notes he was pitching to hedge funds, he used Mission Impossible- type tricks. As the U.S. Attorneys Office in Manhattan tells it, […]
If You Have the Stomach for Hedge Funds….
CNBC – The hedge fund industry has been battered this year, suffering heavy losses in part due to redemptions by investors as they asked for their money back amid the market turmoil. According to a Singapore-based hedge fund research firm […]
Hedge funds look to sublease office space
Greenwich Time – Some hedge funds in the region are looking to sublease their office space as they downsize or shut down in the lagging economy. John Goodkind, managing principal of Greenwich-based commercial real estate firm Newmark Knight Frank, said […]
New York Times May Sell Red Sox Stake
Post Chronicle – The New York Times Co is trying to sell its stake in the holding company of the Boston Red Sox baseball team, The Wall Street Journal reported on Wednesday, citing people familiar with the discussions. The sale, […]
Pawnshops Booming Through Economic Slump
Korea Times – Getting wedding invitations has become a new stress factor for 28-year-old Cho Mi-young who already has three to attend next month. That’s because each event costs her about 50,000 to 100,000 won on congratulatory cash gifts. Knowing […]
Nigeria: Seek Alternative Investments Outside Stock Market
AllAfrica.com – While the bank chiefs and the Central Bank of Nigeria have consistently advised Nigerians to keep faith with the ailing Nigerian Stock Exchange market, an investment adviser is suggesting that Nigerian investors should begin to seek alternative ways […]