Category Archives: Syndicated
Surviving with a defensive game
Globe and Mail – Hedge fund manager Eric Sprott heaps praise on his "defensive team" for helping him survive this bear market. While some of his peers have cratered amid this year’s stock market crash, his short positions have kept […]
Even hedge funds with gains face redemptions
Reuters – Even hedge-fund managers with portfolio gains are in trouble this year. Dozens of managers who are outperforming the market and their troubled rivals with gains of as little as a few percent or as much as nearly 100 […]
Deutsche Boerse reignites exchange merger talks
Reuters – In the world of stock exchanges, bigger is better. And although Deutsche Boerse AG said on Sunday that merger talks with NYSE Euronext had ended with no result, exchanges will still have to make cross-border mergers to contain […]
Tribune Co., smothered in debt, files for bankruptcy
Northern Star Online – Media conglomerate Tribune Co., smothered by $13 billion in debt and weak prospects for generating cash through advertising, on Monday became the first major newspaper publisher to seek bankruptcy protection since the Internet began siphoning readers […]
Hedge funds extend losing streak in November-data
Reuters – Hedge funds around the world extended their losses last month when the average portfolio declined 1.41 percent amid fresh stock market turmoil, data released on Friday shows. The average hedge fund lost 17.70 percent in the first 11 […]
Centaurus mulls sale of Atos Origin stake
Reuters – Hedge Fund Firm Centaurus is considering selling its remaining 6.66 percent stake in French IT services group Atos Origin due to the financial crisis, French daily La Tribune reported on Monday. Centaurus and Atos could not be immediately […]
Hedge Funds: Back to Basics
Seeking Alpha – With the news getting worse and worse for the hedgies (e.g. Fortress, Thomas Lee, D. E. Shaw), it’s time for a rethink on hedge funds. For hedge fund investors: You probably went into them believing that they […]
Hedge Fund Roach Motels Might Just Be a Blessing
Bloomberg – The financial crisis is imposing heavy burdens on the hedge-fund industry, and the strain has become more visible. By the end of last week, about 100 hedge funds imposed restrictions on withdrawals. Many funds have become financial roach […]
I’m Shocked, Shocked: My Hedge Fund Didn’t Hedge!
Seeking Alpha – "In my view they didn’t do what they set out to do … which was to hedge. I saw a few hedge funds that did much worse than my long-only fund, which is rather ironic," [Veritas Asset […]
British Airways Woos Caja Madrid to Keep Qantas and Iberia Deal
Merchant News – British Airways is going to woo Caja Madrid, the saving bank that has a key hold in Iberia, in order to try to persuade the Spanish carrier into joining a 3-way merger. British Airways sources say that […]
Mystery sponsor funds cancer drug
BBC News – A kidney cancer patient who was refused a life-saving drug on the NHS has been given hope, after a mystery benefactor offered to pay for the treatment. After his plight was highlighted by a cancer campaign group, […]